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<br /> 78-� U 0 0�'�7
<br /> MORTGAGE
<br /> � MORTGAGE LOAN N0. � '
<br /> �( KNOWALLMENBYI'EIESEPRESENTS:That Larry L_ Brurtmund and Kathy M. Brumnund, each in his and
<br /> her own right and as spouse of each other
<br /> Mortgagor,whethcr one or more,in consideration of the sum of �
<br /> Twenty Seven Thousand Five Hundred and No/100------------------------------------_��A�
<br /> loaned to said mortgagor 6y The Equitable Building and Luan Association of Grand[sland,Nebraska,Mortgagee,upon 2 75 shares of stock of . �
<br /> said ASSOCIATION, Certifieate No. L 2Q,97g ,do hereby grant, convey and mortgage unto the said ASSOCIATIOlY the following ' �
<br /> - described real estate,si[uated in Hall County,Nebraska:
<br /> LOT THREE (3) IN FONNER VIEW SUBDIVISION, IN THE
<br /> CITY OF 6RAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging, including attached floor coverings,all window urerns, � � �
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves, .
<br /> refrigerators,and other fixtures and equipment now or hereafter a[tached to or used in connection with said real estate. � .
<br /> And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay atl taxes and asseuments levied or ��
<br /> assesud upon said premises and upon this mortgage and the bond secured thereby before [he same shall become delinquent;to furnish approved �
<br /> � insurance upon the buildings on said premises si[uated in the sum of S Z��5��.UD payable to said ASSOCIATION and to deliver to said �
<br /> ASSOCIAT[ON the poticies for said insurance;and not ro commit or permit any waste on or about said premises; �
<br /> � � In case of defaWt in the performance of any of the terms and condi[ions of this mortgage or the bond sewrcd hereby,the mortgagee shall, �
<br /> � on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain �
<br /> unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpou of repairing said premises and renting
<br /> � the same and collecting the rents,revenues and income,and it may pay out of said income ail expenses of repairing said premius and necessary � . �
<br /> commistions and expenses incurred in rcnting and managing the same and of collecting rrntals thereCrom; the balance remaining,if any,to be � � �
<br /> applied toward the discharge of said mortgage indebtedness;these rights o(the mortgagee may be exercixd at any time during the existence of such �� � � �
<br /> default,irrespec[ive of any temporary waiver of the sama . . .
<br /> "� Theu Presents,however,are upon the Condition,That if the said Mortgagor shall 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 hereby as interest and principal on said loan,on or before � � �
<br /> ' the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage � - .�� �
<br /> � and the Bond securcd thereby,before delinquency:furnish approved insurance upon the buIIdings thereon in the sum of$ 2]�5��.�� payable � � � �
<br /> �j to said ASSOCIATION;rcpay to said pSSOCIATION 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 of the Bond for 5 27�rjQ� 0O this day given by[he said Mortgegor to said ASSOCIATION,and comply �
<br /> with all the requircments of the Constitution and By-Laws of said A�SOCIATION;then these presents shall become null and void,otherwiu they - �
<br /> shall remain in full force and may be foreclosed at the option of the said qSSOC1ATION after failurc Cor 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 conditions of said Bond: � �
<br /> and Mortgagor agrees to have a receiver appointed Corthwith in such foreclosure proceedings. � � � ��
<br /> �. i If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,thm the entirc remaining indebtedness hereby � � � �
<br /> secured shall,at the option of The Equitable Building and Loan Association oF Grand Island,Nebraska,become immediately due and payable without � � �
<br /> .�.� further notitt,and the amount remaining due undcr said bond,and any o[her bond for any additional advances made thereunder,shall,from the . � . .
<br /> :_ � date of exmcise 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 aay other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grand Island, � �
<br /> ,� Nebraska tor insurance,taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment at the maximum .. � .
<br /> ]egal rata . . , .
<br /> As provided in the Bond secured hereby,while this mortgage remains in eFfect the mortgagee may hereafler advance additional sums to the � -
<br /> maktrs of said Bond,their auigns or successors in interest,which sums shall be within the stwrity of this mortgage the same as the funds originally �
<br /> ;i �� secured thereby,the total amount of principal debi not to exceed at any time the originai amount of this mortgaga � �
<br /> na«atn;s 16th. aayor January A.D..19 �8
<br /> r ru n
<br /> ;:.; _ � ; ''
<br /> ;,� Kathy . Brumnund
<br /> STATE OF 1VEBRASKA,I 16th. Januar y78 "t,
<br /> � �s• On this day of y 1 ,before me,
<br /> -^fii COUNTY OF HALL r
<br /> � ��' � � the underaigned,s Notary Public in and for said County,personalty came f•� '? r
<br /> <
<br /> Larry L. Brurtmund and M. Brurtmund, each in his and her own rihqht and as spouse of , = s
<br /> ; each.other � M�� �" W a are P�rsonally known to �c::
<br /> `5 � tro to.be the identieal perao �P�`�ellt�aalan+F� are a�ed to the above instrument as mortgagorg and they severally ���
<br /> t
<br /> acknoaledged the taid' p{bd'be� tI�K��L vpluntary act and deed. �� �`;r„�
<br /> � WITA� ��'���alSeal e date aforesaid. � / �-�- .ur�,T-:,�- �
<br /> � : My Co �sepn ex�he8^,9 � � �90 V ` �/�/y�o,�� .
<br /> , •�AU`- I2. `��
<br /> . � yl.s�f w � J+J'•'•.... . S� Notary Pub ic
<br /> aTt'ai���v�R�' �
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