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Filed for record 9'/97 at /; s2 M.
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<br />G� J Fisher, Register of Deedt3,
<br />MORTGAGE Hall intY, Nebrask
<br />Cta..
<br />MORTGAGE LOAN NO, L .. 21 ,510
<br />KNOW ALL MEN BY THESE PRESENTS: That Dean R. Erickson and. Naomi J. Erickson , , each in his and
<br />her own right'and as sponse of each Other, Mortgagor, whether one or more,in'CAnsiderationofthe sum of
<br />Nineteen Thousand Two Hundred and No/100=----------------------------=----=------ DOLLAitS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand -Island, Nebraska, Mortgagee, upon. 192 - shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 , 510 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated. iq Hall County, Nebraska:
<br />LOT TWO (2) IN BLOCK SIXTEEN (1.6) IN
<br />ARNOLD AND ABBOTT'S ADDITION TO THE TOWN OF
<br />GRAND ISLAND, NEBRASKA, AND ITS COMPLEMENT, LOT
<br />TWO (2) IN BLOCK TWO (2) IN SPAULDING AND GREGG'S
<br />ADDITION TO THE CITY OF GRAND ISLAND, 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 $ 19 200. 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 19 , 200.00 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 19 ,200.00 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 ASSOCIATIQN 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 />ed this 3 day of March D., 19 75 _
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<br />Na'--i,J,. E ickson
<br />STATE OF NEBRASKA,On this �' day of 0/ a� 19 1-5_, before me,
<br />ss.COUNTY OF HALL }
<br />the undersigned, a Notary Public in and for said County, personally came
<br />DP,a6 :^�F,rickson and Naomi J. Erickson, each in his and .her own ri?ht and as spouse of
<br />w o are personally known to
<br />4ne t4—e%t&firp64on S whose names are affixed to the above instrument as mortgagor S
<br />aeknowle4ggd.therinsflument to be . the i r. voluntary act and deed.
<br />{ t a y WI I I S my hand and Notarial Seal the date aforesaid.
<br />'• ,p r a t tIVp CQrgittissi expires p
<br />L J • elf.. �-
<br />3-73�
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<br />and they severally
<br />Notary Public
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