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` Filed io recor TatBoo IGIICROF� '
<br />of ° , Page /�7._ t'
<br />Je Fisher, Register of Deeds,
<br />MORTGAGE Hall Crntnty 'TiPhr��1
<br />MORTGAGE LOAN N0. 21 ,486
<br />KNOW ALL MEN BY THESE PRESENTS: That Ronald. L. Ammerman and Dorothy . A. Ammerman, each in his
<br />and her •own right and as spouse of each other, Mortgagor, whether one or mora, in consideration'of the sum of
<br />Twenty Thousand Five Hundred and No/100-------------- ---------------- "----------- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 205 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,486do hereby grant, convey and mortgage unto the said ASSOCIATION the -following
<br />described real estate, situated itt ['Tall County, Nebraska:
<br />LOT EIGHT (8), BLOCK ONE (1), LE HEIGHTS SUB
<br />DIVISION, BEING A PART OF THE NORTHWEST QUARTER
<br />OF THE..NORTHWEST QUARTER (NW,NW4) OF SECTION
<br />ELEVEN (11), TOWNSHIP ELEVEN (11) NORTH, RANGE
<br />TEN (10) 'WEST OF THE 6TH P.M., HALL COUNTY,
<br />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 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 20 , 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 sante 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 20,500.00 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 agrecmcrits and conditions of the Bond for S 20 , 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 />ciation of Grand Island, Nebraska,become immediately due and payable without:
<br />secured shall, at the option of The Equitable Building and Loan Asso
<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 a unt of this mortgage.
<br />Dated this 12th day of February D , r9 75
<br />"!/!
<br />ter,-.., ,� � ,�� •�"--�-��� , -„ � Do other A! erman "
<br />Ronald L. Ammerman
<br />STATE OF NEBRASKA, ss. on this 12th day of February 19 75 , before me,
<br />COUNTY OF HALL }
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Ronald L. Ammerman and Dorothy A. Ammerman, each in his and her own right and as spouse
<br />who are personally known to
<br />of each other,
<br />me to be the identical persons whose na.���^^^fixed to the above instrument as mortgagor S and they severally
<br />acknowledged the said instrument to be ( r�;a 0. lupta' nd deed.
<br />'WITNESS my.hand and tariaj`$eaI the dato� ores '
<br />My Commission expire
<br />r o
<br />3.73-2M l �1Y tJt °° o�'�ST 31,1°1°�Q�
<br />OF fiE�`Z�
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