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<br /> 78- +�002�0
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L 22+968
<br /> � KNOWALLMENBYTHESEPRESENTS:That Stanley A. Piester and Irene E. Piester, each lfl hl5 �
<br /> and her own right and as spouse of each other,
<br /> � � MoRgagor,whether one or more,in consideration of the aum of � � . � �
<br /> " Thirty Five Thousand and No/100------------------------------------------------- noLLnRs
<br /> loaned to sa3d mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,MortgagEe,upon 350 shares of stock of : � � � � .
<br /> said ASSOCIATION,Certificate No.L 22,968 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the followuag
<br /> deuribed real estate,situated in Hall County,Nebraska: � � � . �
<br /> LOT NINE (9), BLOCK T1�10 (2), IN LAKE
<br /> DAVIS ACRES SUBDIVISIOP�, HALL COUNTY,
<br /> NE[iRASY.A.
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<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached tloor coverings,all window screens, � .
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing end water equipment and accessories thereto,pumps,stoves, � � �
<br /> rcfrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate. . -
<br /> � And whereas the said mortgagor has agroed and does hereby agree that the mortgagor shall and will pay a0 taxes and assessments levied or �� � �
<br /> asxssed upon said premises and upon this mortgage and the bond securPd thereby before the same shall become delinquent;to furnish approved
<br /> ,,� . insurance upon the buildings on said premises situated in the sum of$ 35�00�.0� payable to said ASSOCIATION and to deliver to said � �
<br /> ,. ! ASSOCIATION the policies for said insuranee;and not to commit or permit any waste on or about said premises; .
<br /> ,� � In case of default in the performance oF any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shaIl, .
<br /> on demand,be entitled[o immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over [o the
<br /> ; 4 mortgag�e all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain . .
<br /> ; �. tinpaid;and the moctgagee shall have the power to appoint any xgent or agrnts it may desire for the purpose of repairing said premises and renting
<br /> ..�. the same and collecting the rents,revenues and income,and it may pay out of said income all expenxs of repairing sazd premises and necessary
<br /> commissions and expenus incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining,if any,to be
<br /> applied toward the discharge of said mortgage indebtedness;thex rights of the mortgagee may be exercised at any time during the existence of such
<br /> ��.-� default,irrespective of any temporary waiver of the sama . .
<br /> i y These Presents,however,are upon the Condition,That if the said Mortgagor shaq repay said loan on or before the maturity of said shares by � �
<br /> ��; payment;pay monthly to said ASSOCIATION of the sum specified in the Bond secured heroby as interest and principal on said loan,on or befon
<br /> � the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and asussments levied against said premises and on this Mortgage
<br /> ' and the Bond secured thereby,before delinquency;Fumish approved insurance upon the buildings thercon in the sum of S 35 a���•�0 payable ��
<br /> �.� to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay:permit no waste on said premises;keep and comply � . �
<br /> with all the agreements and conditions oCthe Bond for 5 3�J��00.�� this day given by the said Mortgagor to said ASSOCIATION,and compty . � . �
<br /> with all the requirements of the Constitution and By-Laws of said ASSOCIATION:then these presenu shall become null and void,otherwiu they _ . . .
<br /> �� '� shall remain in full force and may be forecloud at the option oC the said ASSOCIATION aher failure for three months to make any of said � , .
<br /> payments or be three months in arrears in making said monthly payments,or to keep and comply with the agreements and mnditions of said Bond; � � ��
<br /> . and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. .
<br /> � { If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby � � �� -
<br /> ' secured shall,at the option of The Equitable Building and Loan Association of Grand[sland,Nebraska,become immediately dae and payable without � .
<br /> .�i� further notice,and the amount remaining due under said bond,and any other bond for any additional advences made theremder,shall,from the . .
<br /> �.�.�j date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said . � �
<br /> bond,and any other bond Cor additional advances,iogether with all sums paid by said The Equitable Building and Loan Associaiion of Grand Island, -
<br /> Nebraska for insurance,taxes and assessments,and abstracting extension charges, with intercst thereon, from date of payment at the msximum
<br /> legal rata � . .
<br /> As provided in the Bond secured hereby,white this mor[gage remains in effect the mortgagee may hereafter advaace additional sums to the � �
<br /> ' makers of said Bond,their assigns or successors m interest,which sums shall be wi[hin the xcuzity of this mortgage the same as the funds originally � � �
<br /> �� secured the�eby,the total amouat Q ' cipal debt not ro exceed at any time the original amount of this mortgaga � �
<br /> : t this , ZOYtFI�� da of �dflUdPy A.D..19 �$ _ � � � .� �
<br /> E ^ �Y�—'/�/1.��. //7 . ��//�it� . : .
<br /> ,� tan ey ieste Irene E. Piester
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<br /> - STATE OF NEBRASKA,�p p„�,;s lOth aay ar January i9 78 ,berore me,
<br /> 1 'CO(1NTY OF HAIS' �
<br /> ' �' the undenigned,a Notary Public in and for said County,personally came ��
<br /> 'a' Stanley A. Piester;and Irene E. Piester, each in his and her own right and as spouse � x
<br /> L ?:wof each other, WnO are P�rsonauy kno.vn co 4+"�;,
<br /> me tb be the identical person S whox name S dT'e affixed to the above instrume mortgagor S and they u��y }�'
<br /> h ' � � . � � �. � � � � '
<br /> acknowledged tlx seid inatrument to be the i r volmtary act and dee� � � . .'>>x
<br /> � � � ' � � W1INFSS my hand end Notarial Seal the date aforesaid. . '��*� ";=�'
<br /> i � +c' ,
<br /> , � � ..�GENERALNOTA expires � � �"�L%'�� . , .
<br /> ��JAMES W. OLSON ' Notary Public
<br /> .. �/y Comm.E,w.Nov.12.1978 ���- � y., /��� � .
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