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,6►G mat-. in Book_
<br />Fi d fo record
<br />of ct_c i , Pie
<br />Jea Fisher, Register of Dea ds,
<br />MORTGAGE Hall County, NebraA
<br />MORTGAGE LOAN NO. L • 21, 494
<br />KNOW ALL MEN BY THESE PRESENTS: That Jerry R. Beck and Gaylene M. Beck, each in his and her
<br />own right, and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty eight The n DOLLARS
<br />loaned to said.mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 285 shares of stock of
<br />said ASSOCIATION, Certificate No. L , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT ONE (1), BLOCK ONE (1)., FIRESIDE ESTATES
<br />SECOND SUBDIVISION, LOCATED IN THE NORTHWEST
<br />QUARTER OF THE NORTHEAST QUARTER (NW4NE4) OF
<br />SECTION THIRTY FIVE (35'), TOWNSHIP ELEVEN (11)
<br />NORTH, RANGE TEN (10)', WEST OF THE 6TH P.M.,
<br />HALL COUNTY, 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, heating, 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 does hereby agree that the mortgagor shall and will 7pay 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 28 , 500.00 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 for,
<br />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 stick
<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 28 , 500. 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 28 500, 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; 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 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 not to exceed at any time the original amount of this mortgage.
<br />this 21st day of February A.)?., 19 75
<br />Jer6 R. Beck. Gap ene M. Beck
<br />STATE OF NEBRASKA, '
<br />COUNTY OF HALL ss: On this 21st day of February 19 75. , before me,
<br />the. undersigned, a Notary Public in and for.said County, personally came
<br />Jerry. R. Beck and Gaylene M. Beck, each in his and her own right, and as spouse of.
<br />each other,. who are p rsonallyknownto
<br />me to be the identical person S` whose namcS affixed to the above instrument as mortgagor S and they severally
<br />ged-the said instrurrient-to-be-- their voluntary act and deed.'
<br />'p1OLSON
<br />an Notarial Seal the date aforesaid.
<br />� �� fviy�otrimi�bn`¢it�ire
<br />My Commisslon Expires
<br />Noveinb 1975 Notary Public
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