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<br /> - 78� :�C)2 � :�3 �
<br /> MiJRTGAG�
<br /> MORTC;AGE LOAN NO.L �
<br /> �� IINOWALLMENBYTHE3�PRESEN'75:That Alfred W. Beckler and Judith K. B.eck7er, each in hi5
<br /> and h�r own right and as spouse of each other and Duan.e A. Obermi�r and Bonnie L. 06erm ier
<br /> each in his and her own rig-ht and as spouse of each other
<br /> i ___'__ M�rngagor,wh�ettrer one or mo_e,in_sonsideration of fhe sum of "
<br /> Thirty Thousand' and No/100------------------ pc��t.atts
<br /> Ioaned fo�said mpttgagar by The Equitabte Building and Luan Association of Grand Island.,Nebcaska,Mortgager,upon 3�Q shares uf stoak of
<br /> sald ASSOCIAT14N,Cercifipte No.1. 2�.p62 ,do here6y�rant,convey and m�rtgage unto thd said ASSOCIA'!'I4h1 the fn(lowing
<br /> deuribed reql extate,sitpatad in Ha14 County,Nebraska: �
<br /> SOUTH HALF (S�2) OF LOTS ONE (1) AN;D TW0 (2) IN
<br /> BLOCK SIXTY—EIGHT (68) IN WHEELER AND BENNETT'S
<br /> SECQND ADDITTON T0 TH'E CITY OF GRAND ISLAND, '
<br /> HALL COWNTY, NEBRASKA.
<br /> together witli aU the cenemencs,hareditan�ents and appurtenanee�s chereunto��clonging,including attachtd tlo�r wverings,all w&�dow screens, �
<br /> uvindqw shades,6linds,sturm windows,awninga,heating,air cunditiun.ing,.and plumbing and watereqwpmeatand aec:eswnia tharcto,pumps,.stnvex,
<br /> rcfrigcratocs,and atlier fixturee and rqu�pment now ae heeeafter attaehpd to or used in c�nnrctioru with.said reel estata �
<br /> AnJ whereas Che said�mortgagor has agreed and does hereby agree that �ths mor¢gagor shall and.wil!pay all taxes an�i asszssmrnts levied ar �
<br /> assessed upon�5aid premises and upo.n 4his mortgage and fhe bomd secur�d thereby befura the sarrte shall beuome delinquent:to furnish approvtd
<br /> insurante upon the buildiags on saii�premisc-s situacec!in fha sum of 5 30,000.00 payablt to said ASSbCIATIC?N az�d t�o 41GIIY'CF LU$81d
<br /> ASSOCIATiON the�policies for said insuranee;and ti�f to��comrttit ar permit any waste on or abc�ut said p�emises;.
<br /> �. In casc�of default in ihe performance oF anv of thc terms and conditipns of this mortgage or the baqd securcd hereby,the�martgagee sha'U,. �
<br /> �.., . � on.�lemand,be m[ifled to immed�a[t posxuion of the mortgaged premius. and ihe murtgagqr hereby ass�gns, transfers and xts over ii7 the _`� ,�, ;; �
<br /> mortgagee all ihe rents,revenues and income io�be derived from the mortgaged premises during such time as the moitgage indebtedness shall remain ��
<br /> � _ unpaid;and the mortgagee shall have the power to appoint any agrnt or agents it may desire for the purpose of repairing sald premises and renting �
<br /> � � the same and collecting the rents,revenues and income,and it may pay out of said income al! expenses of repairing said premixs and neassary
<br /> .� �. . � commissions and expenses incurred in renting and managing the same and of collecting rentals therofrom; the balance remaining,if any,to be 3:
<br /> ' � applied toward the diuharge of said mortgage indebtedness;theu tights of the mortgagee may be exerciud ai any time during the e�cisimce of such
<br /> �t default,irrespective of any temporary waiver of the same. � .
<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 /> psyment;pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as incerest and principa!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 premius and on this Mortgsge . .� .
<br /> � and.the Bond secured thereby,before delinqurncy;furnish approved insurance upon the buildings thereon in the sum of S 3�s���.�� payable
<br /> to said ASSOCIATION:repay to said pSSOClAT10N 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 paymrnt all of which Mortgagor hereby agrees to pay;permit no waste on said prerttixs;keep and comply � � �
<br /> � with all the agreements and conditions of the Bond for S 30���0.�� � his day given by the said Mortgsgor to said ASSOCIATION,and comply � � - �
<br /> � with all the rcqu'uements of the Constitution and By-Laws oF said ASSOCIATION;then theu prexnts shall become null and void,othetwi�e they .
<br /> shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after faitwe for thrce months to make any ot said � � � .
<br /> payments or be three months in arrears in making said monthiy payments,or to keep and comply with the agreements and conditions of said Bond; � � � �
<br /> � and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. � . .
<br /> y� IF there is any change in ownership oC the real estate mortgaged herein,by sale or otherwiu,thrn the entire remaining indebtedneu hereby � �
<br /> ucured shall,at the option of The Equitable Building and Loan Associatiun of Grand Island,Nebraska,become immediatety due and payable without �� .
<br /> ..�� , further notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,ahall,from the �
<br /> � date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may thrn be foreclosed to satisfy the amount due on aaid � � �
<br /> �� bond,and any other bond for additiona!advances,together with al1 sums paid by said The Bquitable Building and Loan Association oC Grsnd Island,
<br /> '-i Nebraska for insurance,taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment at the maximum � �
<br /> ;� legal rate.
<br /> ! . . As provided in the Bond secured hereby,while this mortgage remains in effect the mort �
<br /> '' makers of eaid Bond,their assigns or successors in interest,which sums shell be within the rigtey of this martgage the same asdt�e funds of tiginally � . �
<br /> j � secured thereby,the total amount of principal debt not to exceed at any time the original unt of this mortgaga . �
<br /> ! -��� 1J� day or Apri 1 .,i9 78 � �
<br /> ; --�7�-re ec �e� " uaire ermi r �
<br /> �✓�_._--� � �s'�_ �
<br /> , �_ ,��_; ���.�.,_..,.
<br /> rf �dith K. Beckler Bonnie L Obermier ,
<br /> � STATE OF NEBRASKA,1� On this i2$h day of Apri 1 197$ ,before me,
<br /> COUNTY OF FiALL j
<br /> �� � � t!u un signed, otary Public in or sai Coun rsonall e . � �,y � {a ,
<br /> ATfred W. Beckler and Judith K. Beckler, each �n �i`i`s anc�t'{�er own ri'g�i� and as`��ouse �fi°i1each �
<br /> � other, and Duane; er and Bonnie L. Obermier , each in his and Who are personallyknownto i
<br /> her owr�ri�ht a s u f each tb °
<br /> me be e id V� ra��• �� oae name $ ��e af�'ixed to the above instnunmt as mortgagor S and tf1EY severnlly � �:�
<br /> acknowledged 'd'',sjs��fuFi��iSn,tre� thei r voluntary rct and deed. �
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<br /> �v�dTi3�ss mpE�.+Sa' t,ria�sesl cne aate■rercava.
<br /> � + �D + �P'�/G�/1?/O�
<br /> , ,�H.y �c -e�-a�rxPau -7-1f� !`/__a���
<br /> # �. . si.sw at r J �E� 7.�.� '�r''n Notary Public � .�.
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