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<br /> 78- �►(�2^37
<br /> MORTGAC.E
<br /> � � MORTGAGE LOAN NO. L Z3.OGB �
<br /> KNOW ALL MEN BY THESE PRESENTS:That A1 fred E. Rasmussen and Josephi ne E. Rasmussen, each
<br /> in his and her own right and as spouse of each other,
<br /> Mortgagor,whether one or more,in consideration of the sum of
<br /> forty Four Thousand Nine Hundred and No/100-------------------------------------- pp�yw�
<br /> baned to said mortgagor by The Fquitable Buiiding and Luan Assuciation of Grand(sland,Nebraska,Mortgagee,upon 449 shares of stock of
<br /> . �aid ASSOCIATION,Certificate No. L 23�06$ ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Natl County,Nebraska:
<br /> LOT TWENTY SEVEN (27} FONNER VIEW
<br /> SUBDIVISION IN THE CITY OF GRAND
<br /> ISLAND, HALL COUNTY, NEBRASKA.
<br /> .� together with all the tenements, hereditaments and appurcensnces thereunto belonging,including attached tloor cuverings,all window screens, .
<br /> �� window shades,blinds,swrm wi�dows,awnings,heating,air conditioning,nnd plumbing and water equipmrnt and acceswries thereto,pumps,stoves,
<br /> refrigerators,and other fix[ures and equipment now or hereaCter attached to or used in connection with said reai estate.
<br /> And whereas the said mortgagor has agreed and does hereby agree that the mortgngor shall and will pay all tvices and assessments levied or . �
<br /> �. assessed upon said premises and upon this mortgage and the bond secyr�d�hr,�ehvObefore the same shall become delinquent;to fumish approved
<br /> . . insurance upon the buildings on said premises situated in the sum of S`+4. UU U payable to said ASSOGATION and to deliver to said
<br /> ASSOCIATIOAS the policies for said insurance:and no�to commit or permit any waste on or about said premises;
<br /> In case of defaWt in the performance of any of the terms and conditions of this mortgage or the bond xcured hereby,the mortgagee shall, '
<br /> on demand,bc entiBed to immediate possession of thc mortgaged premises and �he mortgagor hereby assigns, transfers and sets over to the
<br /> mortgagee all the rents,revenues and income to be derived trom the mortgaged premises during such[ime as the mortgage indebtedness shall remain . .
<br /> unpaid;and the mortgagce 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 of said income all expenses of repairing said premises and necessary -
<br /> commissions and expenses incurred in renting and managing tlie Seme anS of collecting rentals therefrum; the balance remaining,if any,to be
<br /> applied toward the discharge of sxid mortgage indebtedness;these rights of the mortgagee may 6e exerciud at any time during the existence of such �
<br /> default,irrespective of any temporary waiver of the same.
<br /> � These Presents,huwever,are upon the Condition.'I'hat if the said Nortgegor shall repuy s•rid loan on or be(ore the maturity of said shares by
<br /> � payment;pay monthly to said ASSOCfATION o(the sum specified in the Bond secured hereby as interest and principal on said loan,on or beCore ��
<br /> the Twentieth day of each and every month,untii said loan is Fully paid;pay all tuxes and assessments ievied against said premises and on this Mor[gage
<br /> ' and the Bond secured thereby,before de�inquency:furnish approved insurance upon the buildings thereon in the sum of 5 d4,.9��.�� payable
<br /> �. to aid ASSOCIATION:repny to said ASSOCIATION upon demand all money by it paid fur such taxes,assessments and Insurance with interosi at .
<br /> the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees tu pay;permit no waste on said premises;keep and comply
<br /> with all the agreements and conditions of the Bond for 5 44>90�.�� this day given by the said Mortgagm to said ASSOCIATION,and comply
<br /> with all the requiremen[s of the Constitution and By-Laws of said ASSOCIATION:then these presents shall become null and void,otherwise they
<br /> . shall remxin in full force and may be foreclosed at the op[ion of the said ASSOCIATION after failure for three months to make any of said
<br /> � payments or be three months in arrears in making said monihly payments,or to keep and comply with the agreemen[s xnd conditions of said Bond;
<br /> � and Mortgagor agrees to have a receiver appointed furthwith 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 7he Equitable Building and Loan Aswciation oC Grand lsland,Nebraska,become unmediately due and payable without
<br /> � further notice,and the amount remaining due under said bond,and any other bond for any additional advances made chereunder,shall,Crom the
<br /> date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be forcclosed to satisfy the amount due on said
<br /> � bond,and any other bond for additional advances,rogether with all sums paid by said The£quitable Building and Loan Association of Grand[sland,
<br /> � Nebraska for insurance,taxes and assessments,and abstracting exrension 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 mortgagee may hercafter advance additional sums to the
<br /> makers of said Bond,their assigns or successors in interest,which sums shall be within the security o(this mortgage the same as the funds originally
<br /> .. secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> �+� �ed,ct�= /`7 18th aey or A ri 1 w D,i9 78 � ,�?
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<br /> �`Alfred E. Rasmussen " Josepl5ine E. Rasmussen
<br /> �
<br /> STATE OF NEBRASKA,�u On this 18tt1 da of Apri� 7$ "'
<br /> � COUNT'Y OF HALL Y 19 ,beCore me,
<br /> ��� the undersigned,a Notary Public in and for said County,peraonally came �
<br /> ; Alfred E. Rasmussen and Josephine E. Rasmussen, each in his and h�o own righ��Sdn�ykoW„to
<br /> spouse of each other, - are
<br /> . mqto be the identical person 5� � whose name5 dPE af£xed to the above' ent as mortgagor 5 and thE,y xverally
<br /> , acknowkdged the said instrument to be thei r wiuntary act and deed. .� _
<br /> � W[TNESS my lund and Notariat Seal the date aforesaid. �—�� ��,��
<br /> My Commission expircs j C'Z/ / r �
<br /> GENERM1I Y+i�ps� St.!p ot ptc4t. (�
<br /> ��p,t Jn '.' �JN ��� Nutary Public
<br /> ,.� rar , � �<.,yr�t �6�-t/. i v, ,y 7
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