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<br /> 78- U(��32FQ
<br /> MORTGAGE
<br /> / MORTGAGELOAN NO. Z3,133
<br /> � KNOW ALL MEN BY THESEPRESENTS:That qlfred W. Beckler and Judith Kay Beckler, husband and
<br /> wife and Duane A. Obermier and Bonnie L. Obermier, husband and wife
<br /> ,, Mortgagoq whether one or more,in consideration of the sum oF .� �
<br /> EiShteen Thousand and No/100-------------------------------------------------------voLr.wrts
<br /> ' loaned to said mortgagor by The Equitable Building and L.oan Association oF Grand Island,Nebraska,Mortgagee,upon �$� shares of stock of . � � ��
<br /> said ASSOCIATION,Certiticate No.L 23,133 ,do hereby grant, comey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County,Nebraska: . � � � �� � �
<br /> FRACTIONAL LOT TEN (10) IN FRACTIONAL BLOCK SEVENTEEN
<br /> (17) OF SCHIMMER'S ADDITION TO THE CITY OF GRAND ISLAND,
<br /> NEBRASKA
<br /> AN D
<br /> FRACTIONAL LOT TEN (10) IN RUFF'S ADDITION TO THE CITY
<br /> OF GRAND ISLAND, NEBRASKA.
<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging, inciuding 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 /> rcfrigerators,and other fixtures and equipmrnt now or hereafter attached to or used in connection with said real estate. � � ��
<br /> And whereas the said mortgagor has agreed and does hereby agree that the mortgxgor shall and will pay all taxes and assessments levied or � . . . �
<br /> assessed upon said premists and upon this mortgage and the bond secured thereby beCore the same shall become delinquent;to Furnish approved �,
<br /> insurance upon the buildings on said premises situaied in the sum of 3�H.�O�.U� payable to said ASSOCIATiON and to deliwr to said
<br /> ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or abou[said premises; � � �
<br /> �:.j In cau of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall, � ��
<br /> on demand,be rntitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, vansfers and sets over to the � .�
<br /> mortgagee all the rrnts,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedneu shall remain - � � . � � -
<br /> unpaid:and the mortgagce shall have the power tu appoint any agent or agents it may desi:e for the purpose of repairing said premises and rcnting . .- � � �
<br /> the same and collecting[he rrnts,«venues and income,and it may pay out of said inwme all expenses of repairing said premises and neassary ' � � ��
<br /> commissions and expenses incurred in rcnting and managing the same and of wlleMing rrntals therefrom; the balance remaining,if any,to be � � �
<br /> applied toward the diuharge of said mortgage inde6tedness;these rights of the mortgagee may be exerciud at any time during the existence of such . �
<br /> default,irrcspective of any temporary waiver of the same. �. � :
<br /> � � Theu Presents,howevez,are upon'the Condition,That if the said Mortgagor shall repay said Ioan on or before the maturity of said sharos by � � �
<br /> payment;pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal 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 asussmenis]evied against said prerttises and on this Mortgage ' � � �
<br /> and the Bond ucured thereby,before delinquency;furnish approved insurance upon the 6uildings thereon in the sum of S�$�0��.Q� payable . �
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessmmts and insurance with interest at� - . �
<br /> 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 oC[he Bond For S �$���0.�0 chis day given by the said Mortgagor to said ASSOCIATION,and comply � � ,
<br /> with all the requiremmts of the Constitution and$y-Laws of said ASSOCIA'fION;then these presents shall become null and void,othe�vvise they . �
<br /> ahall remain in full force and may be foroclosed at the option 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 monthly payments,or to keep and comply with the agreements and conditions of said Bond; , � �
<br /> , and Mortgagor agees to have a receiver appointed forthwith in such(oreclosure proceedings . �.
<br /> lf there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hercby � . �
<br /> . aecuted shall,at the option oF The Equitable Building and Loan Asaociation of Grand Islend,Nebraska,become immediately due and paysble without . .
<br /> further notice,and the amoum remaining duc under said bond,and any othec bond for any additional advances made thereunder,shall,from the �. � �� �
<br /> date of exercise of said option,bear interest at the maximum legal ratt,and this mortgage may then be foreclosed ta satisfy the amount due on said . . � � .
<br /> bond,and any other bond for additional advances,together with all sums paid by said The Equitable Bwlding and Loan Association otGrand Island, _ .
<br /> Nebrasica for insuranee,taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment at the tnaximum � . �
<br /> legal rate. �
<br /> � As provided in the Bond secured hereby,while this mortgage remains in effect the mortgegee may hereafter advance additional sums to the -
<br /> ' makers of said Bond,their assigns or successors in interest,which sums shall be within the security of this murtgage the same as the funds originally .
<br /> ! secured thereby,the total amount of principal debt not to exceed at any time the origina ount of this mortgage. .
<br /> Dated:tt�s �,�26 th day of N�dy ,197 �,�
<br /> dCc� yi'� /1��.�E'_F''�. �
<br /> + EC � �
<br /> � �, � ..,.....o. ith K�y Be�k (���.-,.,� .
<br /> i -6J�rte ier �"„T— onme . �er 4
<br /> d ��0��,���i�}ss_ On this 26th day of Mdy 19 �8 ,beForc me, '' " �,
<br /> � � .
<br /> '� � '- �� � . the undersigned,a Notary Public in and for said County,personally came I � 4'=�, ".e
<br /> Alfned W. Beckler. and��i�i'th ' kler, husband and wife and Duan A. Obermier �
<br /> � fi h sba A ad...N �j w�o are v��o�v�,o,�,co j ,
<br /> Bonple L. Obermier,
<br /> +� me to be the idential penon 5 w h�'�'��•al�, �fuced to the above inrtrument as mortgagor 5 and they severally : : `,,'�`r,
<br /> acknowiedged the said inst�ument to r volmq `. '�'�
<br /> s �{J rY�and deed. �,. � :
<br /> WITNFSS my hand d N�ta�l$e�7 tR2"date;aforQQ��77d. A
<br /> F 1 "'�1 ^. }�; .---L �`�L�����'��i� ,!
<br /> My Commission ex },�_C�'.,.c� . ff
<br /> � •.�F wo �i- -�v
<br /> , . s-f ast Ri `P/;,�'• , 7 1-..; ,r� Notary Public
<br /> R • I
<br /> �F UF N"t��Pl f J
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