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<br /> �8-U0�545
<br /> MORTGAGE
<br /> t MORTGAGE LOAN NO. �- ' M �
<br /> � KNOWALLMENBYTHESEPRFSENTS:That Edward F. Desch, �Y'. and Mary Joanne Desch, edCh 111 „ `
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<br /> s his and her own right and as spouse of each other
<br /> . � � Mortgsgor,whether one or more,in consideration of the sum of
<br /> � Eiqht Thousand One Hundred and No/100---------------------------------------------�o[.tnxs '
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<br /> loaned to said mortgegor by The Equitable Building and Luan Association of Crand Island,Nebraska,Mortgagee,upon $1 shares of stock of �
<br /> `j said ASSOCIATION, Certifipte No. L 23,080 MGIC,do hereby grant, convey and mortgage unto the said ASSOCIATION the following - �.
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<br /> described real estate,situated in Hall County,Nebraska: --
<br /> SOUTHERLY EIGHTY EIGHT (88) FEET OF LOT FIVE
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<br /> (5) IN BLOCK SEVENTEEN (17), ORIGINAL TOWN,
<br /> NOW CITY, OF GRAND ISLAND, HALL COUNTY,
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<br /> � NEBRASKA. �
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<br /> .;� together with all the tenements,hercditamrnts and appurtenances thereunto belonging,inc(uding attached tloor coverings,all window screens, `"'��;
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves, "�';'."
<br /> ��ii refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate. �'1� "
<br /> And whereas the said mortgagor has agrced and does hereby agree Uiat the mortgagor shall and will pay all taxes and assessments levied or � '.
<br /> '( � azsessed upon said premises and upon this mortgage and the bond secured therebY before the same shall become delinquent;to furnish approved 2 � z''
<br /> .� insurance upon the buildings on said premises situated in the sum of 3 8�1�0.�U payable to said ASSOCIATION and to deliwr[o said fi � ''
<br /> ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said pcemises; _ �
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<br /> _� In case of default in the pedormance of any of the terms and conditions of this mortgage or the bond secured hereby,the moRgagee shall, � �.
<br /> �i � on demand,be entiUed to immediate possession of the mortgaged premius and the mortgagor hereby assigns, transfers and sets over to the - � �� �=ti �"
<br /> �z . moRgagee all the rents,revemses and income to be derived&om the rstortgaged premises during such time as the mortgage indebtedness shall remain
<br /> ��..! : unpaid;and the mortgagee shall have the power to appoint any agrnt or agents it may desire for the purpox of repairing satd premises and rrnting
<br /> .� , � the same and collecting the rents,revenues and income,and it may pay out of said income all expenses of repsizing said premises and necessary.
<br /> commissions and expenus incurrod in renting and managing the same and of wllecting rentals therefrom; the balance remaining,if any,to be
<br /> apPlied toward the discharge of said mortgage indebtedness;theu rights of the mortgagee may be exercised ai any time during the existence of such
<br /> default,irrespective of any temporary waiver ot the same.
<br /> ��'3 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 /> i� payment;pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said toan,on or before
<br /> the.Twrntieth day of each and every month,until said loan is fully paid;pay all[axes and assessments levied against said premises and on this Mo�tgage � n„
<br /> �� � �and the Bond seeured thereb before delin uen furnish a roved insurance u on the buildin s thereon in the sum of$ $.1��•0� a able �
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<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand ali money by it paid for such taxes,assessments and insurance with interest at
<br /> ��3 � the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premius:keep and comply
<br /> '� � with all the agreements and conditions of the Bond for 5 $�1�0.0�this day givm by the said Mortgagor to said ASSOCIATION,and comply
<br /> � with all the requirements of the Constitution and By-Laws of said ASSOCIATION:then thex preunts shall become nr!1 and void,othecwiae they
<br /> �;� shail remain in Ful!force and may be forecloud at the option of the said ASSOCIATION after failuro for three months to make any of said �
<br /> .� paymenls 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 have a receiver appointed forthwith in such foreclosure proceedings. � � �
<br /> ��i If there is any change in ownership of the real estau mortgaged herein,by sale or othezwise,then the entire remaining indebtedness heroby � ��
<br /> ;'{, secured shall,at ihe option of The Equitable Building and Loan Association of Crand lsland,Nebraska,become immediately due and payable without . .
<br /> further notice,and the amount remaining due under said bond,and any other bond for any additional advances made thercunder,ahall,from the � -�
<br /> ,� date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be forecioud to satisfy the amount due on said �
<br /> bond,and any other bond for additional advances,together with ail sums paid by said The Equitable Building and Loan Association of Grand Island, � -
<br /> �� Nebraska For insurance,taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment at the maximum .
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<br /> As provided in the Bond xcured hereby,while this mortgage remains in effect the mortgagee may hereaFter advance additional sums to the
<br /> makers of said Bond,their atsigns or successors in interest,which sums shall be within the xcurity of this mortgage the same as the funds originally
<br /> ,�j secured thercby,the total amount of principal debt not to exceed at any time the original amount of this mortgaga �
<br /> �;� Dated this 26th. day of Apri 1 A.D.,19 78
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<br /> °� Mary�J n esch � � �
<br /> STATE OF B KA. b. On this 26th. �y op Apri 1 �9 7$ ,before me, ,--�r
<br /> ;� COUNTY OB HALL� . � � �
<br /> ' ' � - � � � the undmsigned,a Nolary Public in and for said County,personally came � =
<br /> �' Edward F. Desch, 3r. and Mary Joanne Desch, each in his and her own r7'aht and as���use , '"-
<br /> s of, each other who dT'2 person nownto �-;� {
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<br /> i: aa to;bc Uu idantical person S � �hoae name S `gre affixed to the above 3nstrummt as mortgagoz g and t hEy seve�allY �'" t.
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<br /> acknowledged the said instrument to be t}1C1 T' voluatary act aad deed. //'��. )
<br /> �� � and Notarial Sesl the date sfotesaid.� i .,/ �� � �'.` �'r;'x .
<br />�;' �� �ENERAL NC7�p � ` ��ires � �' / ,�
<br /> ; JAME9`V�) � . .. . . (�
<br /> -�... My Dbplm.f,�p.NOv.���� . .. Notary Public
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