|
, ; �:
<br />,�'� � ..,��
<br />�„
<br />� � �
<br />��, 76- '
<br /> . 0064R�
<br /> AtORTCAGE
<br /> ntoarc,�GEL0ANN0. � 22,417 MGIC
<br /> KNOWALLMGNBYTII[SBPRBSGNTS:TLat Kenneth L. Lager and Victoria J. Lager, each in his
<br /> ` � and her own right and as spouse of each other
<br /> Mortgagor,whether une or moro,in cunvdeiation of the sum of
<br /> ; - Seventeen Thousand One Hundred Fifty and NO/100----------------------------------- DOL�nns
<br /> IosneJ to sxid mortgagor by The @quitable I3uilding and Luan Association o(Crand Island,Nebraska,Atortgagee,upon 1�i shams of stock of
<br /> said ASSOCIATION,Certificate n�.�P2 4�7 MGIC >�0 he!eby grant,convey and mortgage unto the said ASSOCIATfON the[otlowing
<br /> described real estate,situated in flall County,NeUraska:
<br /> V THE NORTH 12.5' OF LOT
<br /> LOTS THREE (3) AND FIVE (5) IN BLOCK SEVEN (7)
<br /> ' ' IN UNIVERSITY PLACE, AN AD�ITION TO THE CITY OF
<br /> { ;
<br /> t :
<br /> GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> :t: .
<br /> togather with all the tenements,Lereditaments and appurienances thzreuntu belonging,including attached flour coverings,all window screens, � � � � .
<br /> window shades,blinds,storm u�indows,awnings,heating,air conditioning,and plumbing and xater equipment and eccessories theceto,pumps,stovet,
<br /> rcfrigera�ors,und ottter fixtures and equipment now or hereatter attached to or used in connectimi�rilh said real estate. �
<br /> And«�hercas die said morlgagor hes agreed and does liereby�gree that thz morteaoor shall and will pay all taxes and assessments levied or . �
<br /> � assessed upon sxid premises and upon this mortgage xnd lhe bond secured thereby Ueforc the same shall become detinquenr,w fumish approved �
<br /> �, insurance upon the buildingt on said premises situated in the sum of S 1��15�.�� payable tu s�id ASSOCIATION and to deliver to said � .
<br /> �;. ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or abuut said pmmises: � .
<br /> In case uf default in the performance of any ut the terms and conditions oC tSiis morlgage ur die bond secured hereby,the mortgagee shall,
<br /> on dtmand,be entidcd to immediate ponession o(the morigaged premises and the murtgaeo� hereby assigns, transfers and sets uver to tht �. �
<br /> mortgagce all thc rcnts,revenues and income to be deri��ed Crom the morigaged premises durine such time as the mortgege indebtedness shall remain .
<br /> - unpaid;and the mo�igagee shall have the po�eer to appoint any agcnt or agents il m�y desire foe the purpose of tepairing said premises and renting � �
<br /> ,i'. the same and collrcting the rents,re�•enues znd income,and it may pay out oC said income all expenses oC repairing said premises and necessary .
<br /> wmmissiuns and expenses incurted in renting and managing the same and ul'collecting rentals Iherefrom;the balance temaining,if any,to be . �
<br /> � applied tou�ard the dixharge o(said murtgage inde6tedness;thesc rights o(�he mongagee may be exercised at any time during Ihe exisunce uf such
<br /> � default,irmspective of�ny tempo�ary waiver o(the same.
<br /> �' Thex Pmsenis,however,are upon the Cunuition,"fhat i(the said 1longagm shall repay�id loan on or beCure the maturity of said shares by
<br />. y. �, p�yment;p�y monthly ro said ASSOCIATIO\of�hc swn specified in the Rond seeured herehy as intemst and principal on sxid loan,on or before
<br /> the T�sen�ieth d�y o(each and every month,until said lo�n is fully paid;puy all taxcs and assessments Ievied�gainst said p;emises snd on this Dio�tgage
<br /> and the Bund secured thercby,beCorr delinquency:lumish approved insurance upon the buildings thereon in the sum of S 1��150.�0 payable
<br /> � � to said ASSOCLITIO\:repay to s�id ASSOCIATION upun demxnd all money b��it p�id for such t�xes,assesunents and insurance with interest at .
<br /> ' the maximum legal rate thereon Imm date of payment all oi�chich Atortgagor hereby��;rees to pay;pecmit nu waste on sxid premises;keep and comply .
<br /> i;
<br /> � � with all the agreements and conditions o(the Bund lur S 1]�15O 00��5�d)'K�ven bq the said�lurtg�gor to s�id ASSOCIATfON,and comply . �
<br /> � '. u�ith all ihe requirements of tlie Consliwtion and Uy-Laws u(said ASSOCIATION;then[hese prestnts shall becume null and void,odierwise they
<br /> � sh�ll remain in full forcr and 1113}'bC foreclos�d ai the option u(the said ASSOCIA7ION after fxilure for three months tu ma4:e any of said .
<br /> �, peyments o�be three months in a�rears in nt�king said munthly payments,ur to keep and comply wiih the agmements and cunditions o!said t3und;
<br /> ;i , and ptort�gor agrees to h�ve a�eceiver appuinted(orthwith in such foreclosure proceedings. . �
<br /> 1(there is any change in ownersf�ip of thc real estate mortgaged hecein,by sale or othenvise,then the entire remaining indebtedness hereby .
<br /> ucumd shall,�t the option uf The Gyuitable Duilding xnd Lu�n Atsocintion u(Crand lsland,?�ebraska,become immediately due and p�yable without
<br /> funher notice,and the amuunt«mainine due undet said bond,and any other bond for any additional advances made thereunder,shall,from the
<br /> ,�- date of exercise o(said optiun,bear interes�at the maximum legel ratc,�nd diis murtgage m�y then be foredosed to satisfq the amount Jue on said
<br /> f� �. bond,and any u�her bond for additional adrences,together H�ith all sums paid by said The Gyuitnble 6uilding and Loan Association of Grand Is1anJ,
<br /> r� Nebruka for insurance,taxes�nd assessmenis,and a6stracting extension charges,�vith interest thereon, from date of payment at the maximmn
<br /> ' legalratc.
<br /> ` As provided in the Iiond secured hereby,while this mortgage rrmains in effect the nwrtgagee may herea(ter ad��anca additional sums to the
<br /> ;� � makers of said Uond,their as:igns or successors in interest,which sums shall be within the secu�iry of this mortgage the same as the funds originally
<br /> i' � secumd Ihereby,the lotsl emount o(principal debt not�o excecd�t any time the ori�inal amount of tlus mor�gage.
<br /> ? ��na�i,�s 8th; - ay�r November n.n.,��76
<br /> t. f
<br /> ---���G, : K C,��
<br /> �JCen�h.L. Ldger�
<br /> t �n. : ,c�� �iL� c,.4 �
<br /> Victori.a�7 Lag��
<br /> STATE OF NEB�.�ss. On this• 8th d�y o( iJovember �9 76 ,h�(ore mq
<br /> COUNTY OF HALL
<br /> � the undersigned,a Notary Public in and Cor said County,personallycame =:� r..:���
<br /> Kenneth L. Lager and Victoria J. Lager each in his and her oatn right and as spouse of each . -1"'�'` '
<br /> other ��h� dre (xcwnallyknowntu N =
<br /> L � �
<br /> me to 6e the identical pe�son S u'hose name5 are afGxed to lhe abuve instrument as mortgagor 5 and they severally
<br /> . . acknowledged the said irtstrument to be thei r �'�luntary act and deed. N �.�;
<br /> �S'ITNL-SS my hand and K�otarial Seai the date aforesaid. , /�� � �� -
<br />��� � Aty Cummissiun expiros ,�,�'"�� ' /,� /Y . .�
<br />,y� � v�•.� � .
<br /> �Qg RUDOLF F.PtJ1TE lotary Pubtic
<br />`���`''� 6.1 @!1 RI - (� CtnO(fl NoOry.4L7b Of MlEf.
<br />:k�. x�n.,i My Commisclon Explra�
<br /> .. Se�tember 10,1978
<br /> �� L_ �
<br />_;¢
<br />..�
<br /> �
<br />
|