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<br /> 7$-, �00628
<br /> ' MORTCAGE
<br /> L . M6IC
<br /> � MORTGAGE LOAN NO. ,�
<br /> KNOW ALL MEN BV THESE PRESENTS:That Charl ette Becker and Fred J. Becker, her 11USba�d � �
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<br /> .� Thi rt Three Thousand Seven Hundred Fi£ty an ° � ��er one or more,m consideretion of the sum oF
<br /> Y � � A�'-----------------------Doc�.nxs �
<br /> .� � loaned to said mortgagor by The Equitable Building and Lc�an Auociation of Grand Island,Nebraska,Mortgagee,upon � ahares of stoek of
<br /> '� said ASSOCIATION,Certifirate No.L22,993 �"�Gl�do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> ; deuribed rcal estate,situated in Hall County,Nebraska:
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<br /> t LOT ONE (1), IN BLOCK TEN (10), OF COLLEGE
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<br /> ,� ADDITION TO WEST LAWN, IN THE CITY OF
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<br /> GRAND ISLAND, HALL COUNTY, NEBRASKA. �•
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<br /> ' together with all the renements,hereditaments and appurtrnances thereunto belonging,including attached floor coverings,all window screens, - � r�"(
<br /> .s �window shades,blinds,storm windows,awnings,heating,a"u conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves, � �"���
<br /> ,� . refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate. U ,.c
<br /> � And whereas the mid mortgagor has agreed and does hereby agrce that the mortgagor shall and will pay all taxes and assesunrnts letied or � t.
<br /> asussed upon said premius and upon this mortgage and the bond secuied thereby before the same sha11 become delinquent;to fumish approved };, � �r ���,,
<br /> ittsurance upon the buildings on�aid premises situated in the sum of S 33�7JrO.�� payable to said ASSOCIATION and to detiver to said ,+ .,';J �,�;
<br /> ASSOCIATION the policies for said insurance;and not to rnmmit or permit any waste on or about said premises;
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<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 shall, s
<br /> .. oa�demand,be entitled to immediate posussion of the mortgaged premises and [he mortgagor hereby assigns, transCers and sets over to the ��'
<br /> � . 'mortgagee all the rmts,rcvrnues and income to be derived from the mortgaged premius during such time as the mortgage indebtedness shall remain r�;
<br /> unpaid;and the morigagee shall have tfie power to appoint any agrnt or agrnts it may desire for the purpose of repairing said premises and renting �3
<br /> the same and wllecting the rcnts,revenues and income,and it may pay out of said income all expenses oF repairing satd premises and necessary °
<br /> � commissions and ezpenus incurred in renting and managing the ume and of collecting rentals themfrom; the balance remaining,if any,to be ��.�y
<br /> . app lied toward the discharge of said mortgage indebtedness;theu rights of the mortgagee may be exucised at any time during the existence of such ���"�
<br /> �default,irrespective of any temporary waiver of the sama q,..��
<br /> � � � These 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 montlaly to said qSSOCIATION of the sum specified in the Bond ucured hereby as interest and principal on said loan,on or before
<br /> ttne'Cwentieth day of each and every month,until said loun is fully paid;pay all taxes and asseuments levied against said premises and on this Mortgage
<br /> � � and the Bond ucured thereby,before delinquency;fumish approved insurance upon the buildings thereon in the sum of 5 33�7'rJ�.�� payable
<br /> t�� to said ASSOCIATION:rcpay to said ASSOC[ATION upon demand all money by it paid for such taues,assessments and insurance with interost at :
<br /> {Z . the maximum lega!rate thereon trom date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premius;keep and wmply . S
<br /> I . �with atl the ageements and conditions of the Bond for S 33 a�50.�� this day given by the said Mortgagor to said ASSOCIATION,and wmply
<br /> .� � ��with all the requuements of the Constitution and Sy-Laws oF said ASSOCIATION;then these presents shall become null and void,otherwiu they
<br /> �� � � shall remain in full fora and may be foreclosed at the option of the said ASSOCIATION aker failure for three months to make eny 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 heve a receiver appointed forthwith in such foreclosure proceedings.
<br /> .� � � � If there is any change in ownerahip of the real estate mortgaged herein,by sale or otherwiu,then the entire remaining indebtedness hereby
<br /> ��. � seeurod shall,st the option of The Equitable Building and Loan Associa[ion of Grand Isiand,Nebraska,become immediately due and payable without �
<br /> , fiather notia,and the amount remaining due under said bond,and any other bond for any additionsl advanas made thereunder,shall,from the � �
<br /> + � date of exerciu of said option,bear interest at ihe maximum lega(rate,and this mortgage may then be foreciosed to satisfy the amount due on said ,
<br /> � �- bond,and any other bond for additional advances,together with all sums paid by said T6e Equitabie Building and Loan Associstion of Grand Is�and, �� -�
<br /> Nebraska for insuran«,taxes and asuasments,and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br /> legal nte.
<br /> } As provided in the Bond ucured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br /> ,� � msken of said�Bond,their assigns or successors in interest,which sums shall be within the security of this mortgage the same as the funds originally �
<br /> � securod.thereby,the total amount of pc3ncipal debt not to ezceed at any time the original amount of this mortgage.
<br /> naua ct� st aay or January A.D.,iv 78
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<br /> `� ar ce
<br /> � -Fred J. Becker
<br /> "S'FATE OF NEBRASICA,t u On th3s 315 t aay of Ja nuary 19�8 ,beforc me, ....�..--->
<br /> COUNTY OF HALL j �
<br /> �the dersigned,a Notary Public in and for said County,personaIIy came � '
<br /> Ch�rlette Becker and Fred J. Becker, her husbanc� ;�`
<br /> � . .. . . . . . � who dl"2 perwnally known to -
<br /> penoi5 whoae name S hc^e af£ixed to ihe above insinunent as mortgagor S and they seversily �-
<br /> � u�,��t to� the9 r roi,��y.��a a�a. ���d
<br />,r �N E R��IQTN my hand and N{�otarial Seal the date aforesaid. a, y
<br /> � _ lVpTrPY M�� 'asion expircs `�,,_ _V �f�p --{�;,
<br /> '�� COMt�"�,>SION � "�—"�(��u�� ���� V 1 YV
<br /> � �..EXF'R�S� � U
<br /> Notary Public
<br />,� �-'c���^' 31.�6•'�''Q' . . . . . � . .
<br /> � �Tf OF N�g��r �
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