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<br /> Zg.��,_�Ct��IU �
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<br /> MORTCAGE
<br /> ( ` MORTGAGELOAN NO. L23.OS5 4
<br /> f IQdOWALLMENBYTHESEPRFSENTS:That Andrew G. Peterman and Kathleen J. Peterman, each in
<br /> � his and her own right and as spouse of each other
<br /> i � �� Mortgagor,whether one or more,in consideration oC the surn of �
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<br /> � ; Thirtv Five Thousand f�ine Hundred and No/100----------------- _�L�� '
<br /> � loaned to said mortgagor by The Eqtritable Building and Loan Association of Grand[sland,Nebraska,Mortgagee,upon 359 shazes of atock of
<br /> 'i said ASSOCIATION,Certlficate No. L 23a�85 ,do hereby grant,convey and mongage unto the said ASSOCIATION the following �,
<br /> described real estate,situated In Hall County,Nebraska:
<br /> LOT NINETEEN (19) WESTERN HEIGHTS SUBDIVISION, HALL
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<br /> COUNTY, NEBRASKA. ` ��
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<br /> toge[her with ell the tenements,hereditaments and appunenances thereunto belonging,including attached floor eoverings,all window screens, �� � N^�'�
<br /> '.�{ window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and waterequipmentand accessories thereto,pumps,stovts, °
<br /> � «Crigerators,and other fixtums and equipment now or hereafter attached[o or used in connection with said rwl estate. 's"''�
<br /> And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or '� � �
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<br /> 'f assessed upon said premixs and upon this mortgage and the bond secured thereby before the same shall become delinquent;to furnish approved _ "'�p f �
<br /> insurance upon the buildings on said premises situated in the sum of S 35.9�U.�� payable to said ASSOCIATION and to deliver to said � �' � k
<br /> ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premius; ;r �f'�;�•
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<br /> In case of default in the performance of any of the terms and conditions of this mortgage or the band secured hereby,the mortgagee shall, `' �''`���d�^'�
<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 a11 the rents,revenues and income to be derived Crom the mortgaged prcmius during such time as the mortgage indebtedness shall remain � r
<br /> ,� unpaid;and the mortgagee shad have the power to appoint any agent or agents it may desire for the purpou of repairing said premises and renting
<br /> � t6e same and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premises and neauary
<br /> commissions�and expenxs incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining,if any,to be ��
<br /> ���� .applied toward the discharge of said mortgage indebtedness;these rights of[he mortgagee may be exercised at any time during the eatistmce of sueh �
<br /> �deFault,'vrespective 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 shates by �
<br /> payment;pay monthly to said ASSOCIA710N of the sum specified in the Bond ucured hereby as interest and principal on said loan,on or before
<br /> the Twentieth day of each end every month,until said loan is fuIly paid;pay all taxes and assessments levied against said premises and on this Mortgage -
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<br /> + �and the Bond secured thereby,before delinquency;fumish approved insurance upon the buildings thereon in the sum of S 35.90�.�� payable �^
<br /> [o said p$SOCIATION:repay to said ASSOCIATION upon demand all money by it paid for such taxes,asussments and insurance with interest at
<br /> �the maximum legal�rate thereon from date of paymmt all of which Mortgagor hereby agrces to pay;permit no waste on said premius;keep and comply .
<br /> �� with all the agreements and conditions of the Bond for$ 35,9��.�(�s day given by the said Mortgagor[o said ASSOCIpTION,and comply �
<br /> with all the mquirements of the Constitution and By-Laws oFsaid ASSOCIATION;thrn these presents shall become null and void,otherwiee�thry �
<br /> shall remain in full force xnd may be foreclosed at the option of the said ASSOC[ATION after faiiuie for throe months to make any of said s
<br /> payments or be three months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions oC said Bond;
<br /> and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br /> IF there is any change in ownership oC the real estate mortgaged herein,by sale or otherwise,then the mtire remaining indebtedness hereby
<br /> xcund shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br /> � . fuRher notice,and the amount remaining due under said bond, and any other bond for any additional advances made thereunder,shall,from the
<br /> date of exercise 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 arxy other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grand Island, �
<br /> � Nebraska for insuranx,taxes and auessments,and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br /> , � legal rate.
<br /> �� � As provided in the Bond aecured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the . ��
<br /> makers of said Bond,their essigns or successors in interest,which sums shall be within the tecurity of this morigage the same aa tt�e funds originally � �
<br /> secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage. .. �
<br /> cn;s 27 y ar Apri 1 A.D.,�978 '
<br /> �• �:
<br /> ew G e n
<br /> � a;�hl'een J.;P. rman ,, ;
<br /> STATE OF NEBRASKA.� .�.:_.,^^^:
<br /> „COUN'IY OF HAI.L �� OII� 27th. a8Y of Apri 1 197$ ,before me,
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<br /> the uader' ed,a Nots Publlc in and for said Co nty,personally came
<br /> Andrew G. Peterman and Kathleen .7. Peterman,each in�iis and h�ier own right an� as spouse ofi J � �`
<br /> : @�Ch';Ot�7EP � s who are P�nonally known to � �i
<br /> '�me to be the identical peraons w�}iosrnamg drg affixed to the above inatrument as mortgagor S and they severally ��+',.
<br /> Rn.. .
<br /> '°�;-acknawtedged the said inatzunfent to be thei r voluntsry act and deed. t=�,� e
<br /> � GENERRL'.NIIfA�e e. c���d aod Notaria!Sesl the�date aforenid.� . . �� ' . . �
<br /> JAMES W.d1J5 expirea .. . . . '� .
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<br /> rMr comm.fxw nor. z%fi� �
<br /> . .. . . . . . . .. �...✓ /�, �� . Not Public .
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