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<br />Of
<br />f
<br />J n Fisher, Register of Deed's,.
<br />Hall County;: Nebraska .
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 21,497
<br />KNOW ALL MEN BY THESE PRESENTS: That Arthur J-. Braman and Helen M. Braman, each in his an ,
<br />her own right and as spouse of each other, Mortgagor, whether one or more; in consideration of the sum of
<br />Twenty-two Thousand Four Hundred and No/100----------------------------------------- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 224 "• shares of stock of
<br />said ASSOCIATION, Certificate No. L 21,497 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated. iq Hall County, Nebraska:
<br />THE SOUTH THIRTY-TWO (32) FEET OF LOT EIGHT (8)
<br />AND'THE NORTH TWENTY-FOUR (24) FEET -OF LOT TEN
<br />(10), ALL IN BLOCK THREE (3), IN UNIVERSITY PLACE,
<br />AN ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings; all window screens,
<br />window shades, blinds, storm windows, awnings, lieating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and docs hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed 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 S 22,400.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In case 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 entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over 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 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 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 the mortgagee may be exercised at any time during the existence of such
<br />default, irrespective 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 shares 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 assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 22 ,400.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments 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 premises;keep and comply,
<br />with all the agreements and conditions of the Bond for S 22 , 400.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed 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 agrees to have a receiver appointed forthwith 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 The Equitable Building and Loan Association of Grand Island, 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 thereunder, sliall, 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 any other bond for additional advances; together with all 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.
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee 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 mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt nol to exceed at any time the original amount of this mortgage.
<br />Dated This 2 day of �Y� ,/A; D., 19 ? S�
<br />r ur J. �/aman Helen M. Braman
<br />STATE OF NEBRASKA, 19 7'5 , before me,
<br />s: On this 24th aay of � February
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Arthur J. Braman and Helen M. Braman, each in his and her own right and as spouse of
<br />who are personally known to
<br />each other,
<br />me to be the identical persons whose name s. are. affixed to the above instrument as mortgagor S and they severally
<br />acknowledged the said instrument to be . thei r - voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the date aforesaid.
<br />My Commission expires ___
<br />JAfViES Notary Public
<br />Nov. 12, 1975 GENE AL ' TARY -) y
<br />3-73-2M State tlebras::a
<br />I
<br />tai �.ii ,w MyCom.mission Expires
<br />uSr=' November 12, 1975 /3
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