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<br /> ��on�r„u,e�on�xo. L 22,392
<br /> KNON'ALLh16N13Y171F.SEPRL'SGNTS:TImt LdPPy L. �:erner and Judy A. WErner, husband and svife and
<br /> � Michael L. Neubert and Brenda J. Neubert, husband and wife,
<br /> :���� � Aloitgegor,whether one or more,in consideration o(the sum of � �
<br /> Six Thousand Four Hundred and No/140---------------------------------------------'noLt,,�tts
<br /> lusned to said mortgagor 6q 1'he Equitable I�uitding and l.oan Association of Gw�d Island.�ebraska,lfott¢agee,upun �Q sharcs oC StoJc of
<br /> � said ASSOCIATION.CertiGcate No.L 22,3gp ,uo hemhy grant,concey snd mortgace untu the said.4SSOCIATIO\the follo�eing � � � � � � �-
<br /> described reat estate,situated in Hall Cuunh�,Vebrasi;s: � � � � � �
<br /> lOT EIGHT (8), IN 6LOCK FIVE (5}, IN GLADSTONE
<br /> PLACE, AN ADDITION TO THE CITY OF GRAND ISLANQ, :
<br /> HALL COUNTY, NEBRASKA.
<br /> Subject to a prior mortgage to the mortgagee herein
<br /> in the principal amount of 551,600.00 dated Octobe�•
<br /> s` 22, 1976.
<br /> $
<br /> . iogetlicr ���ith all �he trnements,hereditameme and xppurten�nces dt:ieunto bcionging,inciuding at�achrd iluiu cove�ings,all��'indow�xreens, �. � �
<br /> �cindo���sl�adcs.6linds,s;ocm���inJows,a�enings.hcating.air conditioning,and plumbing�nd watee cyuipmrnt�n�1 accessuries theret.qriunps,sto�*:, . � .
<br /> refricerators,xnd other�i�turrs:�nd equipmrnt nuw�or horeafter attacL•ed to or used in comiecti��n���ith said rral est�t:. �
<br /> And w�hrrcas the saiJ mongago�has agrccd and docs hercbe agrec thst�he mu:tRa�or shall and H�ill pay atl tase<and assessments Ie�ied or � �
<br /> asscued upnn said p�cinixs and upon tliis mo��cagc and ihc bund scwrcd�hcreb�•bet2xc the sxmr shatl bcrome detinyucnC to furnish appru�rd � . .
<br /> insur�ncr upun ihe Luildings on siid premi.es siivated in the sum of S 6�QQQ.QQ payable �o said :1SS(X GITION anJ to deli�xr lo said
<br /> " ASSOCL�TION�h��pulicies fur said insurenm:and not to commit ur p:rmn an�����aste on or a6out raid premius; � �
<br /> F
<br /> In cax ol Se(ault in�he pe�fonnance ol any of�he terms and con�itimis ul ihis mongage ur the bund s.cured hereby.lhe mertgagee sl�all. � � -
<br /> }.. on demand,bc entided tu immedi�le posscssion ui thc mu�tcagcd prcmi.es anJ fhe m��rtgagor herch�� assigns, translcrs 3f1�I sets o��cr to ihc �
<br /> I mongacec�II the rrnts,rcrenuu and inconm to he dcri�ld frum�hc mongaceJ premises during such time as the mortFagr indcbtelness shalt ramain
<br /> wipaW:and th:monca.ce shall ha��a ihc po���er t��appoint any accnt or accnts it may dcsirc iur the purpose of repairing s�id prcmises and renting .
<br /> � the same and:ollectinq the rer.ts,:erer.urs and inrnme,and it may pay��ut of'said i:immc a11 c�penscs ot repainng said prrmiu�and necessan' � � �� -
<br /> ;: commissiuns snd e�penses mcurrcd in icniing and managing the same and u(colletiing rentals the�clrom;Uie Lalance remaining,il any,to 6e -
<br /> i� '. applicd�o���ard the dis:harge of said ntortFage indchtedness:ihest tighls ol tls m�,riFagee ma��L•e c�ercised at am•time during ttte e�istenee ot such . .
<br /> � dcfault,irmspertire o(am•tcm�nan•�rarvcr oC thc same.
<br /> z . Thex Presems.huw'crci,eic upon Ihc Condition.l'h�l ti thc said 11onc�f�n sl;all tepay sa�d loan on or bclure the malunlv ol c�id shaces b�• �
<br /> s: - paymenr.pa�•munthly iu s:;id ASSOI'I:1TI0\o(the sum aFxc�hed in the Bund.ccweJ I:cre6y as iNercst and prtncipal un s:�id loan,un or Lefi�re
<br /> �'� � thc T���cniia�h day oi rach:tr.d crcn�manth,umd saiJ loan�s lully paid:paa zil tazcs and asscssmcnts Ic�icd ags;nsi said prcmiscs snd on this!�lurtµage �
<br /> � � and the Rond secured therebp b tiore deGnyuency:turni<h appn���eJ nuwarre upnn ihe bmlding5 Iheuon in�he sum ol 5��QOO.�� 1`�?'�ble �
<br /> . to said ASSO(:IAllO\:rcpa��ti.ca�d ASSOCI\1lU\upon dcmand all mone��Ly it pa�d t��r su:h ta�cs,assc�sments:md vuur�ntc��ith inte�cst at �
<br /> . thc mazimum IeFal i�tc thcrcon Irom d:ite uC paymcn�sIl oi�ehith 11.�rtg�gun c�icLy�grres to pa��:permit ro���as1e on s�id premixs;keep and cvmply
<br /> - �.ith all thc agrremenis and cen3it�ons u(thc F�unJ for S��QQO.�� Uiis da��gnrn b��ihc vid�Inrt�.�gm tu��id ASS(XI:ITIOV,�nd centply .
<br /> � �viUi all�he rrqunrmcnts u(the l'onstrtution and[3)-Laws ui said:1SSl?l'IAllO\:tl,cn�hcsr preunls shall hecamc null and�eiJ.oUicn��ise Uic�• .
<br /> sh�ll rcmain in f�ll�orcr and ma�'bc�JlCilescd al Ihc upli�in ol thc said ASSIX�L�II(1V aficr failurc I�.r thrcc mon�hs lo makc anv o(caiJ �
<br /> ; payments or be th�ee months in;ureau m maAin�;s��d nwnthly paymems.o�t��Aeep anJ:nmpiy with il:c agieemrnts and conditiuns ol said Bond;
<br /> , and\1o�icag�tt acrcrs to ha�r a tccc�ecr appointed�enh�ridi in�uch loicili,surr procecdmFs.
<br /> I1'ihc�e is any ehaugc in o�ene�stiip�i(the m:d esiaic mortcaged hercin,by c�le ur utherwise.then the entirc rcniaining indebtrSness he�eby
<br /> ucured shall,a�the uption oi The I?quitshle 13uilding and Loan Asw�iatiun ol GianJ Island.Ncbrasf:a.l+e vmc immrdiatcly duc and pa�abie���ithout
<br /> p - (unher notice.and the avu�unt rcmaininc duc under said hund,an�any uUicr lond fur anp adJitiunal ad�anc.s made thereunder.sh�ll.lrum the
<br /> � dem of caercise oC said eption.(`CJf II11CfCSi 81 UIt ill]a�lilllfll I�gyl�ate.and this m�ntgage m���then Le Ii�rccluuJ tu satist�'ihe amaunt Jue en said
<br /> ��� hond.and ang oth2f h0i1�IJf BtIlI1110I70I 8(I1'OIICCS.lO�`[llll'I 1\7�I1 HII SU7115�)flll�t\'S]ItI��1C L:y11118LIt IIlllllllil�`811tI LU3I1 Assvciatien ul Grand lsland,
<br /> Nebruska ior insuran�r,tases and assessments.�nd alstracting es�ensiun d�aiges, u�ith inte�est thriron.lu�m date o(pa}'nxnt at Ihe maaimum
<br /> �� Iccal ra�c.
<br /> �i� As pwcided in Ihe f3und secureJ Lrteby.whilc lhis nrorlgage rrmams m etlect the nw�tFagre may hereafler ad��ance additional sunu lo the
<br /> Y. : mak.rs ut saiJ Bnnd,thcu assigns or sucsssua in in�crest,which sums shall be within Ihc secwi�q of tl;is nwilgagc thc samc as lht(itnSs uriginally
<br /> sccurcd�herrhy.�he total�noum o(prinrip�l deh�nnt to csa�ed at any time tlic uriginal amount nl U»s moilcage.
<br /> n��Ca u,;5 27th ��r�•� October ,� �.u �'7G =
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<br /> �`� ...,�< �� , ,�.-,�� . l=• �t. l;' �,�
<br /> _ `" r � IJerner` •
<br /> � � � �-�Y,': ,.�: � �� �r � ,�.
<br /> Mi hael L. Neuber`t' � 3renda J. �deu�ert��L ��
<br /> S'CATL'OF 1EBRASF"v\, �y �ln Ihis Z7tfl a,y�f October i�76 ,i�cforc mc, �
<br /> cou;.rt�oe•ii,����'
<br /> � tic tsi•i� a + Vi�li•ina C r crmc
<br /> Larry L. ;yerner and Juc�y A. Werner, husband and W�'4`�, �afi�i h���Rae'� 'l. N`����°��WH''d��1it�� �. ' +�'`
<br /> Neuber, husband df1G� wife �vho are ixrsonall}knuwnto � "
<br /> � � mc W be the identicyt ptrxm�g ..� whou name S drg afficed to the sbove instrumcnt as nwtigagur S ���� they ���'���ll>' �
<br />� n
<br /> acknowleJged the s�id[nstrument to be tllEl P �vluntuy act and dced. tp'
<br /> 4 �y ,
<br /> N'11T1':SS my hand aiiJ Nalari3l Seal lhc Jaic alure�aiJ. / ';
<br />�', �ly Commissiun expires � ; i _ , /,� � f ,
<br />`'- ,L,f-�G � i:I��C: '�__�.,.� .�,� � •�t
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