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<br /> 78--•
<br /> �,[ll�a0
<br /> MOR'fGAGE
<br /> MORTGAGE LOAN NO. L 23.025
<br /> KNOWALLMENBYTHESEPRESENTS:That William L. Boersen and Laura R. Boersen, each in his �
<br /> and her own right and as spouse of each other
<br /> ' Thi rty Fi ve Thousand and No/100------ _____Mo�t�Bor,Wnecner o��o�mo�e,in considentlon of the sum of ".
<br /> .;; --------- ----------------- �
<br /> DOLLARS
<br /> loaned to said mortgagor by The Equitable Building and Luan Association of Grand Island,Nebraska,MortgageC,upon 350 sharcs of stock of ��
<br /> said ASSOCIATION,CertiCpte No.L 2$�QQrj ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following �
<br /> described real estate,situated in Hall County,Nebraska: .
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<br /> LOT TWENTY-ONE (21) WESTROADS ESTATES THIRD
<br /> SUBDIVISION, HALL COUNTY, NEBRASKA
<br /> j
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<br /> ' � together with all the tenemmts,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screen:, � �
<br /> -7 window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> ? rcfrigerators,and other fixtures and equipment now or hereaf[er attached to or used in connection with said real estate. �
<br /> And whereas the said mortgagor has agreed and does hereby agree that the morigagor shali and will pay all taxes and asxuments levied or �� �
<br /> �, assesxd upon said premius and upon this mortgage and the bond secured therebY bofore the same shall become delinquent;to furnish approved .
<br /> i � inswance upon the buildings on said premises situated in the sum of 5 35,��0.U� payable to said ASSOCIATION and to deliver to said •
<br /> ASSOCIATION the policies for said insurance:and not to rnmmit or permit any waste on or about said premiser, �
<br /> ��� In cau of deCault in the performance of any of the terms and conditions of this mortgage or the bond ucured hereby,the mortgagee shall, �
<br /> ; on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, Uansfers and uts over to the
<br /> �?. mortgagee all the rmts,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 purpose of repairing said premises and renting �
<br /> :! the same and collecting the rents,revenues and income,and it may pay out oC said income all expenses of repairing said premises and necessary �
<br /> � rnmmissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining,if any,to be
<br /> appiied toward the discharge of said mortgage indebtedneu;these 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 /> These Presents,however,are upon the Condi[ion,That if the said Murtgagor shall repay said toan on or before the ma[urity of said share:by � �
<br /> , payment;pay monthly to said ASSOC[ATION of the sum specified in the Bond secured hmeby as interest and principal on said loan,on or befon � .� �
<br /> ,�� the Twmlieth day of each and every month,until said loan is fully paid;pay all taxes and asxssments levied against said pzemises and on this Mortgage �� .
<br /> :j and the Bond seeured thereby,beForc delinquency;furnish approved insurance upon the buildings thereon in the sum of S 35��OQ.�0 paYable � � �
<br /> �; to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such[axes,assessments and insurance with iaterest at �
<br /> the maximum legal rate thereon from date of payment alI of which Mortgagor hereby agmes to pay;permit no waste on said premises:keep and comply � . � . �
<br /> with all the agreements and conditions of the Bond for S 35,OOO.OO this day given by the said plortgagor to said ASSOCIATION,and comply �
<br /> . with all the requiremrnts of the Constitution and By-Laws of said ASSOCIATION;then ihese prcsents shall become null and void,otherwise they � � � � -
<br /> shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said � �
<br /> �j payments or be three months in arrears in making said monthly payments,or to keep and cumply with the agreements and conditions of said Bond; � . . �
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<br /> and Mortgagor agrees to have a receiver appuinted fonhwith in such foreclosure proceedings. �
<br /> �, IF there is any change in ownership of the real estate mortgaged herein,by sale or otherwiu, thrn the mtire remaining indebtedness hereby . � �
<br /> ' xcured shall,at the option of The Equitable Building and Loan Association of Grand Isiand,Nebraska,become immediately due and payabte without � � � � .�
<br /> ��_ , further notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the � � �
<br /> ��t date o(exercise o(said option,bear interest at the maximum legal race,and this mortgage may then be foreelosed to satis£y the amount due on said �
<br /> bond,and any other bond for additiona)advantts,together with all sums paid by said The Equitable Building snd Loan pssociatioa of Grand Island, � � �
<br /> � Nebraska for insurancx,taxes and assessments,and abstracting extmsion charges, with interest [hereon, from date of payment at the maximum � � �
<br /> � tegal rate_ � �� .
<br /> � As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advsnce additional sums to the � � �
<br /> � � -makers of.aaid Bond,�their asigns or successors in interest,which sums shatl be within the ucwity oC this mortgage the same as the funds originally � � � �
<br /> ��.� .sec�ued thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgaga . �
<br /> : nac�a�n�s 3rd. aay or March ,a.ll.,iv�g
<br /> a
<br /> ; 9'--�r4�r����'.�,
<br /> i o��a R, 8 n.�,o-e�.%
<br /> � Laura R. Soersen Y
<br /> �y STATE OFNEBRASKA,t
<br /> 'a ' COUNTY OF HAI.L S�� On this 3rd. day of March 197$ ,beforc me, � �x"' �.
<br /> � .� the u clersi ned a otary Pubtic ia for sa' Count rwnall e � ��f�'�"'.
<br /> William L. Boersen and Laura R. Boersen, each in Fis �and �ier own rig�i� an�as s��5�`use �fie'ach � y
<br /> other Wno are perwnatly known to
<br /> � ��me to bp�the idenUcal penon 5 whose name 5 d t'e affixed to the above instrument as mortga�or 5 and t�ey severallY ,,;,';
<br /> -� acknowledged ihe caid inatrument to be thei r voluntary act and deed. " i
<br /> � WiTNFSS my hand and Notarial Seal the date aforesaid. ....-� .'`:."a^ :.
<br /> } My Comm�on ex ins � /� ///�s.7 I � �,? � y�.
<br /> CENEBAL NOTART Su!c ot Nebnsif `�--��°� � •�f T Llz.-�
<br /> w�-set.nt ; � JOY N' BEhZILY �� No�Pub' .
<br /> � MyC��r. Esc.F+.taL.1.196Y j-•� .
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