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<br /> � 'i DiORTGAGL•
<br /> t�tORTGACL•LOAN N0.��
<br /> ' KN05YALLMENOYI'tILSGPRESGNTS:That M7CIld2� A. Mierau, d Slll9�2 PEPSOft �
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<br /> Mortgagor,whether one or mure,in wnsideratiun aC the sum oC
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<br /> `� Sixteen Thousand and No/100----------------------------""""_'_"_'"__'_"___`__Do�Lni�s
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<br /> " Ioaned to said murtgagor 6y The L•quita6te Iiuilding and Loan Association of Grand Island,Nebraska,Mortgagee,upon 16� shares of srock of
<br /> � said ASSOCIATION,Certificate No.L 22,348 ,do hereby grant,convey and mortgage unro the said ASSOCIATION[he following
<br /> = described real estate,situated in Nall County,Nebraska:
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<br /> LOT ONE HUNDRED SEVENTY-NINE (179) IN
<br /> BUENAVISTA SU6DIVISION, AN ADDITION TO THE
<br /> ��r CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
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<br /> toged�er with alI the tenemenis,liereditaments and appurtenances thereunm belung:ng,:r,c:ulir.b�ttoc!!e�!!!eor^-e"^.'i:o,=�!window screens, � � � �
<br /> window shades,btinds,storm windows,�wnings,heating,air conditiuning,and plumbing and water equipment and acceswnes thereto,pumps,stoves, .
<br /> { �e(rige�ators,aud uther Cixw�es and equiprnent nuw or herea(ter attached tu or used in cunneclio��wilh said real eslate.
<br /> K�'` And wLereas the said mo�tgagor has agreed and Joes hereby agrec tliat the mongagur shall and will pay all taxes and assessments levied or � . . -
<br /> a���; �susscd upun said premixs and upon�his murlgage and the bond securcd theceby belbre the s�me shall becotna delinyuent to Cumith approved
<br /> " insurance upun the 6uildings un said premius siivated in the sum oCS 16����.00 payabte to said ASS(KIAT(ON and to deliver to said
<br /> ��� ASSOCIATION lhe policies Cor said insurance;and not lo commit ur permit any a'asie on or about�id premises, �
<br /> In cxse uf de(ault iu the pcdonnance oCany of the terms and condilions of diis mortgage ur the bund secured hereby,the mortgagee shall, , . .
<br /> on demand,6e entided to immcdiate possession of thc mertgaged premiscs and the mortgugur hereby essigns, uansfcrs and sets over to the _
<br /> mongagee all d�e rents,revenues and incume tu be derired Crmn the ma�tgaged premises during such iime xs Ihe mortgage indabtedness shall[emain .
<br /> unpaid;and the mortgagee sLall hare the puwer to appcint any agent or agen�s it ma}'desire for t6c purpose of repairing said prcmises and rcnting
<br /> the same and collecting the rents,revenues und income,and it may pay out o(siid income all expenses ui repainng said premises and necessary .
<br /> �`.�.j commissions and expenses incurred in renting xnd managing the s�me and uf collecting rcntals therefrom:the balance remaining,if any,tu be
<br /> t.. �pp�led tpward the discha�ge of saiJ mmtgage mdebtedness:�hese rights ol ihe murtgagee may be exerciseS at anp time during Ihe existence ol such
<br /> deCault,ircespective of any temporaq�waivar of the same. .
<br /> � Thcse Yresents,howrver,are upun the ConJition,'(hat it the s�id Nurigagm shall repay s�id luan on ur 6ttore the maturity of said shares by
<br /> x�.��� p�yment;puy monthly to said ASSOCIATION of the sum speciGed in the Bund secured hercbq as interest nnd principal un ssid loan,on or befure
<br /> the Twentieth duy of each and every month,until said loan is tull}'p�id;p�}'all taxes and assessments levied aeainst said premises and on this�iurtgage
<br /> 16 000.00
<br /> ����� and the Dund securcd tliereby,before delinyuenc}:f umisli appruved i�uurunce upon the buildings thereun in the sum of 5 � pa7•able .
<br /> to said ASSO(:IATIO�:repay tu said ASSOCIATIO\upon demand all money by it paid lur such tsxes,anessments and insurance with intarest at .
<br /> /`.���i the mesimum legal rate thereon from datc uf payment all of whidi!�fortgagor hrrebq agrees tu pay;permit no wurie on�aid prrmises;keep and comply .
<br /> ,;.��� with all the ag�eements and conditions uf the 6ond lor 5 1 E����.�� ����5��Y 6��'�n by the said�lortgsgor w s:iid ASSOCIATIOV,end comply
<br /> w�ith�II the reyuirements o(the Cunstitution and Hy-La��'s of said ASSOCIATION;then diese presznts shall become null and void,otherx�ise they
<br /> shall remain in Cull(orce and moy be(omclused at ihe uptiun u(the said ASSOCIATION after failure for three months tu make eny o(said
<br /> payments or be three montt�s in arrears in making said monthly payments,ur tu keep and comply with the agreements arid conditions of said t3ond:
<br /> and M�xt�;+gar agrees lo have a receicec appuinted(orthwith in such foreclusure pruccedings.
<br /> r���:���, I(there is any changc in uwneahip o(�he real es�atc mortg;�ged herein,by s:ile ur uthenvisc,then the entim remaining inSebtedness hercby
<br /> 4: secu�eJ shall,at lhe option uf The Gyuitable Building and Lu�n Assuciation uf Grand Island,t�ebraska,become immediately due and payable withuut
<br /> c' .' further nutice,and the amount rcmaining tluc undcr said bond,and any other bund(m any additional advances made thereunder,shall,from the
<br /> d�te i�f exercise of said option,bear interest xt the maximum legal rate,and�his murtgagr may then be foreclused to satis(y the amount due on said
<br /> bund,and any uther bond for addiliunal advances,together with all sums paid by said The Equitable Building and Loan Association uf Grand Island,
<br /> . Nebraska(or insur�nce,t�uces and assessments,and abslracting extension charges,with inte�est thereon, from date oC payment at die maximum
<br /> legal ratc.
<br /> s, . As pruvided in the Bond secured hereby,.vhile this mortgage remains in tffect tl�e mortgagee may Lercafter advance additional sums to the
<br /> makers of said���d,tl:eir a:s�gns er succesvus in inte�est,which sums:hall be within tt�e security uf this murtgage thz same as the Cunds uriginxlly
<br /> secured thereby,lhe total amount of principal debt nol to exceed at any�ime the oriynal amoun[of this mortgage.
<br /> UatcS this 23rd a�y�r September ^ ������ 76
<br /> /�/�i�/L �//�i/J�1/i�
<br /> Michael A. Mierau
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<br /> STATEO�NEBRASKA.1 ss. Onthis 23rd ��Y�f September �y �f,beforeme,
<br /> COUNTY OF}IALL� ;�� ,
<br /> Iha undenigned,a Nolary Public in and for said County,personalty came . ,�,.,:';
<br /> Michael A. Mierau, a single person wh� 1S personallyknown[u N �'
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<br /> me to be tLe identical peaon µ�hou name affixed to the above instrumen vrtgagur and h2 YrXdE'6�' d '
<br /> acknowledged the said instrument w be ht S voluntary act and deed. n `'
<br />��' R7TNESS my hand and Notarial Seal the dute afomsaid. � 1�[)
<br /> �� _ �1v Commission expires �� � . '.
<br />'�: . � , ^-- Notary Yublic�
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