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<br /> MORTGAGE
<br /> 1�ORTGAGG LOAN T0.��'���
<br /> , � KNON'ALLI�tENBYTHGS6PRL5CNTS:Thxt paul L. Obermiller and Betty Lou Obermiller, @dCh 111 h15
<br /> and her own right and as spouse of each other,
<br /> Modgagor,whether one or more,in consideration of the sum of . �
<br /> ` Twelve Thousand and No/100--------------------------------------------------------- DOL►,nxs
<br /> loaned to said mor[gagor by The Equitable Building and Loan Association of Grand Island,NebrasF:a,Afortgagee,upon �2� shares of stock of � � � .�. �
<br /> said ASSOClAT10N,CertiGcate No.L 22,336 ,do Itere6y grant,convey and mortgage unm the said ASSOCIATION�he following � � �
<br /> dzscri6ed real estatc,situaled in Hall County,Nebraska: � � � � - �
<br /> THE SOUTHERLY FORTY FIVE (45') FEET Of LOT ONE
<br /> (1) FRACTIONAL BLOCK NINETEEN (19), ROLLINS'
<br /> � ' ADDITION TO GRAND ISLAND, HALL COUNTY, NE6RASKA.
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<br /> together with all the tenements,hereditaments and appur�enances lhereuntu bclonging,including attached floor mverings,all window screens, �. � � �
<br /> window sl�ades,blinds,stonn windoH•s,awnings,lieating,air conditioning,and plumbing and water equipment and acttssories thereto,pumps,stoves, � �
<br /> relrigerators,and udier fixtures and equipment now or hereafter attached to or used in connec�iun with said real estate. � � �
<br /> F' And whereas thc said morteagor has�grced and does hereby agree thal the murtgagot shall and will pay all taxes and assessments levied or � �
<br /> € assessed u{wn said premises and upon this mongage and the bond secured therebv brfbre the same shull become delinquent;to(umish approved
<br /> insurance upon the buildings on said prrmius situ�ted in the sum of S1Z����.Q� p�yable tu said ASSOCIATION and to deGver to said � � .
<br /> ASSOCIATION the policies(or said inswance;and nut to commit or permit any waste on or about said premiser, � � �
<br /> In case of de(ault in the performance o(any o(the terms anS cunditimu uf diis�ourtgsgz ur tlie bond secured hereby,dte morlgagee shall, , � �
<br /> on demand,be entided�u immcdiate pussession o(the mongaged premises and the murtgagor here6y anigns, transfers and sets over to the "
<br /> 'f� mortgagee ell the rents,revenues and incume tu be dcrived from the mu�igaged premises during such time ae the mortgage indebtedness shall remain � �
<br /> t � unpaid;anJ the murtgagee shatl have the puwer to appuint any agent or agents it may drsire(or the purpose of repairing said premisas and mnling � .
<br /> Ihe same and collecting the renis,revenues and incmne,and it mny pay uut of said income all eapenses of repairing said premises and necessary . � �
<br /> � cummissions and expenses incurred in«nting and man��ing the same and o(collecting ¢ntals therefrom;the balance remaining,it any,tu�be . - � �� � � - ��
<br /> l' � applied toward the discha�ge uf said mor�yige indcbtednees;these rights o(the mortcaget may be exercised at any time during the existence of such �
<br /> �� � default,irresprcti��e of any tempurary waiver of tl�e same. � �
<br /> These Prosems,however,are upon the Condition,That i!the said!�fodgagor shall repay said loun on or bafore the m�turiry of said shares by
<br /> payment;pay monthly�o said ASSOClAT10N of tlie sum speciGed in the 6ond secured heeeby as intcrest xnd p�incipal on said loan,on or before �
<br /> the T�centietit day�uf ead�and eeery month,wuil said lo�n is Cully paid;pay all taxes and assessments levied ueainst said premises and un this Afo�tgage
<br /> � and the Dond secured thereby,befure delinyuency;(umish approved insurance upon the buildings lhereun in the sum of S 12��0�.��Pa5':�ble � � � � �
<br /> to said ASSOCIA710N:repay to vid ASSOCIATION upun demand all money by it paid for such taxes,assessmen[s and insurance with interest at - � �
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<br /> the maximum legal rate Qureon from d�te oi payment ail of which Atorlgagoc hercby agrees to pay;permit no waste on wiJ premises;keep and comply � �
<br /> with all�he agreements�nd conditiuns ol�he BunJ for S IZ����.�Qhis day given by the said lfortgegor tu said ASSOCIA'f10N,and comply �
<br /> ' with all lhe�equirements o(the Consti�ution and By-Laws o(said ASSOCIATION;then these prcsents shall become null and void,othenvise they �
<br /> � shall remain in full force�nd may br forecloud at d�e option of the said ASSOCIATION afrer f:�ilure for three munths to make any o(said
<br /> - � payments ur be three months in arrr�rs in making saiJ monthly payments,or tu keep and cumply wi�h the agreements and conditions uf said Bond;
<br /> and M1turtg�gor agrees tu have a receicer appointed(urthwith in such foreclusure proceedings.
<br /> ;�! �. If there is any change in ownership uf Ihe real estate mortgaged herein,by sale or otherwise,then the entitt cemaining indebtedness hereby
<br /> ti secured shall,al the option of The Equitnble Building and Loan Associ:�tion uf Grand Island,�ebraska,become immediatety due anJ payable without
<br /> S further nulice,and the amount remxining�due under said bond,and any other bond Cor any additional advances made thereunder,shall,(rom the
<br /> daie uf ezercise of said uption,beur interesi at the m�ximum Ir�ai raie,and this mortgage may then be foceclosed to satisfy the amount due on said
<br /> . bond,and any o�her bond for additional advances,together with all sums paid by said The Pquitable Building and Luan Aswciation of Grand Island,
<br /> Nebraska(or insurance,taxes and assessments,�nJ absiracting extensiun charges,witl; interest thereon, from date oC payment at the maximum
<br /> c Icgal ratc.
<br /> As pcovided in the Bund ucured hereby,��hile this murtgage remains in effect tt�e mortgagee may herea[ter advanca additiunal sums to the
<br /> - makers of said Qond,their assigns ur succeswrs in interest,which surt�s shall be within the security oi this mortgaga the same as lhe funds originally
<br /> � secured thereby,�he total amnunt of principal debi not to exceed at any lime the origy'nal amount of this mor[gage. .
<br /> o,iea,L;, 15th a�y�c September ,�.�.,i . 76
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<br /> au . ermi er oeti.y Lo ermiT er
<br /> STA'IE OF NEIIRASKA.i s:. On this 15th day of September 19�6 ,beCore me,
<br /> COUNTY OF HALL J = �
<br /> the undersiy�ed,a Notary Public in and for said County,personally came
<br /> paul L. Obermiller and Betty Lou Obermiller, each in his and her o ra�et an�
<br /> of each other, ��'° "��'�����`° � ��
<br /> Lme to be the identical person S w�hose name s are affixed tu the abov nstmmen as mortgagor S and they severally � �'''
<br /> acknowledged the said instmment lo be thei r voluntary act and deed. � 'f!
<br /> � _. � ,-RTTlQL'S$my h�and Nutarial Seal Ihe date aComsazd. �
<br /> � ;�tyComnuuione�cpires � _ . .
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<br /> r .`.� .__ NotaryPu ic
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