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<br /> 78- 00254'�
<br /> MORTCAGE
<br /> MORTGAGE LOAN NO. � ° � � �
<br /> IKNOWALLMENBYTHESEPRESENTS:That C�dyt011 Petersen, Jr. and Kathleen E. Petersen
<br /> each in his and her own right and as spouse of each other
<br /> Mortgagor,whether one or more,in wnsidera[ion of the sum of � � �
<br /> Fiftv Eictht Thousand Five Hundred and No/100------------------------------- ��tA� r
<br /> �� loaned to said murtgagor by The Hquitable Building and Loan Association of Grand Island,Nebraska,Alortgagee,upon 585 �a��s oC stock of � �
<br /> � said ASSOCIATION, Certificate No. L 23,086 MGICao hereby grant, convey and mortgage unro the said ASSOCIATION the following �
<br /> described real estatc,situated in Hall County,Nebraska• .� �
<br /> FRACTIONAL LOT SEVENTEEN (17) AND THE WESTERLY EIGHT (8) FEET OF
<br /> FRACTIONAL LOT EIGHTEEN (18), ALL IN FRACTIDNAL &LQCK ONE (2) IN
<br /> PARKHILL SUBKIVISION, AN ADDITION TO THE CITY OF GRAND ISLAND,
<br /> NEBRASKA.
<br /> AND
<br /> FRACTIONAL LOT TWENTY-ONE (21) AND THE WESTERLY EIGHT (8) FEET OF
<br /> FRACTIONAL LOT TWENTY-TWO (22) ALL IN FRACTIONAL BLOCK EIGHT (8)
<br /> IN ASHTON PLACE, AN ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA.
<br /> [ogether wi[h all the tenemenis,hereditaments and appurtenances thereunto belonging,including attached floor 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 /> refrigerators,and ather fixtures and equipment now or hereafter attached to or used in connection with said real estate. .,,,{
<br /> � And whereaz the said mortgagor has agreed and dces hereby agree that the mortgagor shall and will pay alI taxes and assessmmts levied or � -
<br /> asussed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent;to furnish approved � �?.
<br /> � insurance upon the buildings on said premises situated in the sum of 5 �j$�5��.�0 payable to said qSSOC(ATION and to deliver to said �
<br /> :� i ASSOClATION the poticies Cor said insurance;and not to commit or permit any waste on or about said premius; �
<br /> � In cau of deCault in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall, �
<br /> 'i
<br /> on demand,be mtitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and uts ovtt to the �
<br /> mortgagee all the rents,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 purpou 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 expenxs of repairing said premises and necessary � - �
<br /> commissions and expenses incurred in rrnting and managing the same and of collecting rentals thercfrom; the balance remaining,if any,to be ' �
<br /> ; 1 applied toward the discharge of said mortgage indebtedness;theu rights of the mortgagee may be exercised at any time during the existence of such ��
<br /> �.1 default,irrespective of any temporary waiver of tlie same. �.
<br /> �� These Preunts,however,are upon the Condition,That if the said Mortgagor shalt repay said loun on or before the maturiry of said shares by �
<br /> � payment;pay monthly to said ASSOC►ATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or befurc . �
<br /> � � the Twmtieth day of each and every month,until said loan is fully paid;pay all taxes and asseumenis levied against said premises and on this Mortgage . � � �
<br /> i and the Bond secured thereby,before delinquency;furnish approved insurance upon ihe buildings chereon in the sum of S 58�§00.00 Payable
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessmrnts and insurance with interest at �
<br /> ! the ma�cimum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply � . �� � � �
<br /> �i' with all the agreements and conditions of the Bond for S rJ8�rJ��.0�this day given by the said Mortgagor tu said ASSOCIATtON,and comply �
<br /> with all the requirements of the Constitution and By-l.aws of said ASSOCIATION;[hen theu presents shall become null and void,otherwise thry � �
<br /> �a shall remain in full force and may be foreclosed at the option of the said ASSOC[ATION after failure for three months to make any of said � �
<br /> �f� payments 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 appoin�ed forthwith in such foreclosure proceedings. � � �
<br /> 3 a
<br /> If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise,thrn the entirc remaining indebtedness hereby _JT�
<br /> secured shall,at the option of The Equitable Building and Loan Association of Grand lsland,Nebraska,become immediately due and payabte without ,�,h�
<br /> further notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from ffie �
<br /> date of exerciu oE said option,bear interest at the ma�cimum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said a�.
<br /> bond,and any other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association of Crand lsland, r�
<br /> Nebraska for insurance,taxes and assessments,and abstracting extension charges, with interest thereon, from date of paymmt at the maximum . ri.
<br /> legalrale.
<br /> :
<br /> As rovided in the Bond securod hereb while this mort k
<br /> P y, gage remains in effect the mortgagee may herea$er advance additional sums to the
<br /> makers of said Bond,their assigns or successors in intercst,which sums shall be within the security of this mortgage the same as the Cunds origina�ly -
<br /> secured thereby,the total amount rincipa]debt not to exceed at any time the original amount of this mortgage. �
<br /> D this h 'aay ot Apri 1 A.D..19]$
<br /> `r et r , , '
<br /> Kathleen E. Petersai
<br /> 9
<br /> STA1'E OF NEBRASKA, On this Q$th da of
<br /> Y A Y'7 1 197$ ,before me,
<br /> � COUNTY OF HALL��. P _ 'l
<br /> ` � � the undersigned,a Notary Public in and for said County,personatly came �
<br /> � Clayton Petersen, Jr. and Kathleen E. Petersen,. each in his and her own right an� �s � �
<br /> � spouse O'f each ocHeP who dl'Q perwn y nown to '
<br /> �
<br /> � me�to be the identical persong whox name S `dre aft'ixed to the above instrument as mortgago� and thBy severallY „ ��
<br /> "� acknowledged the said 3nstrument to be tfi27 T' voluntary act and deed.
<br /> WITNFSS my hand and Notarial Seal the date aforesaid. ��,.•�� i -
<br /> _.... . MY Commiaion expins . '�� /j ' 'p`� .� .
<br /> {"'" .;;. . /� � � l/
<br /> . a, g= � - _ ���. i y /' 7� G�,, ,Notary Public
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<br /> ����Q� �I�(.Iil��1,f.. ...., a�....� '
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