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<br /> AiORTGAGE
<br /> n�aaTcncr:LonN No. L 22.386
<br /> � �own�LhteNnvTt��scrReseNTs:rt,at Larry L. ',lerner and Judy A. WErner, husband and wife,
<br /> and Michael L. Neubert and Brenda,.J. Neubert, husband and wife
<br /> ` �fortgegor,whether one or more,in cunsiJeration of tlie eum of
<br /> Fifty-one Thousand Six Hundred and No/1C0----------------------------------------- DOL�A�s
<br /> � loaned to said mor�gugor by The Equitable Duilding and Loan Association oFGrand Is�and,Ne6raska,:�turtgagee,upon 516 shares of stocic of . � � � . � �
<br /> said ASSOCIATION,Certificate No,L 22,386 ,do liereby grant,comey and nwrtgagc unto the said ASSOCIATION the fullowing
<br /> described real estare,situated in Hail County,Nebraska:
<br /> LOT EIGHT (8), IfJ BLOCK FIVE (5), IN GLADSTONE
<br /> � PLACE, AN ADDITION TO THE CITY OF GR{W D ISLAND,
<br /> `s HALL COUNTY, NEBRASKA.
<br /> ,K,.:� . . � . . .
<br /> � together ���itli all Nie tenemznts,hereditaments�nd appurtenances thereunto belun;ing,including attached tluor coverings,all window screens, �� � �
<br /> winduw shades,blinds,sronn winduws,awnings,hea[ing,aic cunditioning,and plumbing and water equipmentand accessories thereto,pumps,stoves, � � �. � � �
<br /> refrigerators,and od�er fixtures and equipment now or hereafter aitached to or used in connection with said re�l estate. . � �. � �
<br /> . And whereas the said mortgagor has agreed and does hereby aeree that the mortgagor shall and will pay all laxes and assessmenls levied or - � �
<br /> assessed upon said premises and upon this morteage and Ihe bond secured dierebv before the same shall become delinquent;to(urnish approved � � .- �
<br /> insu�ancc upon the buildings un said premises situated in the sum of S 5��6��.�� payeble to said ASSOCIATfON and to deliver to said
<br /> ��. ; ASSOCIAT(ON the policies For said insurance;and not to commit or permit any wastr on ur about said premises; � � � .
<br /> In case uf de(ault in the per(ormance ut any uf the terms and conditions of this mongzge or the bond kcured liere6y,the mortgaget shall, � � . � � � .
<br /> un demand,be entitled to immediate possession o(the mungaged premises and the mortgagor hereby assigns, Iransfers and sets over to Ihe � � �
<br /> � mortgagee all�ha rents,revenues and income to be derived Gom the moctgaged premises during such time as the mortguge indebtedness shall remain �. � � � - .
<br /> unpaid;and tl�r murtgagec shall have tlie powrr to appoint any agent or agents it may drsire for the purpose of repairing said premises and renting � � � . �
<br /> the same and collecting die rents,revenues and income,and it may pay out of sxid income all expenses of repairing said premises and necessary �. � �� �
<br /> commissionz and expenses incurred in renting snd man�ging the same�nd of collecting rcntals thercCrom;the balance rcmaining,if any,lo be . � - � � ���
<br /> �:�; applied tow�rd�he discharge nf said morigage indebtedness:these rights uf the morte�gee may be exnrcised at any time during the existence oC such � � �
<br /> ' dtfault,irrespective uf any�emporary waiver ot Ihe ssme.
<br /> "� �� These Presenls,however,�re upun the Condition,That if the s�id t�lorlgagor shall repay said loan on or be(ore Ihe maturity of said shares by �� � �
<br /> paymenl;pay monthly to said ASSOCIATIO\oC the sum specified in the llond secured here6}•as interest and principal on said loan,on or before �� . ,
<br /> � the Twentieth day of cach and every month,until said loan is fully paid;pay all ta�es and assessments le��ied against said prcmises and on this plortgage �
<br /> � ' and the Bond secured there6y,before delinquenev:tumish app!oeed insurance upon the buildings!hereon in the sum of S 5��6��.�� p�yable � �
<br /> to said ASSOCL�TiOy;rep�y io said ASSOCIATION upon demand all muney by it paid for such t�xes,assessmenu and insurance a•ith interest at
<br /> the rt�aximum legal rate thereun from datc ol paymcn�all of which Afurtgagor he�ebv agrces tu pay;permit no waste on said premises;kecp and cumply � � . �
<br /> I� '� with all the�g�eements and cunditions of the Hond fur S 5t�6QO UO����s day given by the said Aforlgagm W said ASSOCIAT[ON,and comply �
<br /> �` ` with ali the reyuicements o(the Cunstitutimt and�Sy-L:�ws ot sam ASSOCIATION;ihen these presents shall become null and��uid,otherwise they
<br /> shall remein in full furce and may br(ureclosed at�he option u(the said ASSOCIATIO\ after lailure fur three months to make any o(said �
<br /> p�yments m be three munths in arrears in making said momhly payments,m w keep and comply with tl�e agreements and conditions of said Bond;
<br /> and Atortgagur agrces to have a mceiver appointed(orthwith in sucL foreclusurc proceedings. � . �
<br /> � Ii ihe�e is any change in owncrship o(the re�l estate mortgaged herein,by sale ur utherwise,then iLe entirc remaining indebtedness hereby �
<br />,� ': secured sl�all,at the option u(Thc Gquitable Building and Luan Association of Grand Is1;u�d,Nebraska,become immedialely due and payable�vithout �
<br /> �; ` (urther nuiice,and the amount remaining due under s�iJ Lond,and any other bond for any additional advances made thereunder,s:iall,frum the
<br /> �- ' d�te of eaercise of said uptiun,hcar interest at the mazimum IeEal rate,xnd this mortgage may thrn be foreclosed to satisCy the amount due on said
<br /> bond,and any uther bond fur additional advances,together wiUi all sums paid by said'I'he L'quitable Building and Loan Association of Grand Itland,
<br /> � Nebraska fur insurance,taxes and assessments,and abstracting extension chuges,with interest thereon,from date of payment at the manimum
<br /> legalratc. �
<br /> As provided in lhe Bond secured hereby,while lliis mortgage remains in effect the morlgagee may hereafter advance additior.al sums�o the
<br /> makers of said[3ond,their assigns m successors in interest,w9iich sums sha11 be within the security of this mortgage ihe same as the Cunds originally
<br /> ucured there6y,the total amuuN of principal debt nut to excred at any time the ori�inal amount of this murtgage.
<br /> o��e�ti,�s 22nd ��Y af October :�.o.,i�76
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<br /> �:.�.ou���Z,i/>. C,� L� ( , � .,�t�cJ
<br /> L , �n //� � y A er�r
<br /> Mi chael L. eubert �'� '�'' '� �"'�`
<br /> Brenda J. eu r
<br /> STATE OF NEBRASY.A,1 ss. On this da�of
<br /> COUNTYOPHALLI 27th > October ��76 .beforeme,
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<br /> � e ecs ,a Nph ry P li in d f r said Count , erum Ily came +�""""'" %�' �
<br /> Larry L. �lerner and Judy A. Werner, husband and�W#'� �IS'� Mi c�ae"� �. �eu�ert an��ren�a J. a" :'
<br /> Neubert, husband dtld W1fE' who dl'e personallyknowntu � �
<br /> ma�o be the idrntirvi person S µ9wse name S hc'2 afPixed[o the above instrument as mortgagurs and they severally .� _
<br />� , acknowledged the vid insWmenl to be thei r �uluntary act and deed. �/ J /� , � �..
<br />' �WEi?�&SSm and Notarial Scal Ihe cate aforesaid. — y� /j ;% � � �
<br />� , � � ER � �CT�av 'e of Nehr. � �/ / �
<br /> . ��.A!y Coriuntssion e puos �'� / /�_ �_
<br /> tr � �':� �` '�+� �
<br /> rf b.t�zai xi A ; ._ 3;9 Notary Public `
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