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MORTGAGE
<br />MORTGAGE LOAN NO. L 21 , 547
<br />KNOW ALL -MEN BY THESE PRESENTS: That. Andre'W G. Peterman and Kathleen . ., Peterman , each'i n.
<br />qhis and her own right and as spouse.of each other, Mortgagor, whether one or more, inconsideration of the suth of
<br />Twenty-one Thousand Two Hundred and-.'No/100 ----------------=----------= DOLLARS
<br />,loaned to said mortgagor by The Equitable Building and'Loan Association of Grand Island, Nebraska, Mortgagee, upon 212. shares of stock of
<br />said ASSOCIATION; Certificate No. L 21 , 547 , do hereby grant, convey and mortgage unto the said .ASSOCIATION the following
<br />described real estate, situated in ,I -fall County, Nebraska: '
<br />j SEE ATTACHED' -,LEGAL DESCRIPTION
<br />together with all the tenements, liereditaments 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, punrps,stoves,
<br />refrigerators, and other fixtures and equipment now or liereafter 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 tire sum of S 21 , 200.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for sai&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 tine 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 anytime during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are lupon the Condition, Thatif 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 21 , 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 21 ,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 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 forthwithin 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 amouncof principal debt not to exceed at any time the original amount of this mortgage.
<br />ted this 9th as April A! D.; 19 75
<br />4nr_eZ_(�4' a erman een e firman
<br />STATE OF NEBRASKA, ss. On this 9th day of Apr i 1 1975. , before me,
<br />COUNTY OF HALL
<br />the u detsi n d, a Nota Public in and for s 'd Count ersona11 came
<br />Andrew G. Peterman-and Kathleen J. Peterman, each irk �l�s andry her own rigait anR ass spouse
<br />of each other, _ who are personally known to
<br />me to be the identical person S whose name S are affixed to the above instrument as mortgagor S and they severally
<br />ncIuiorVlt d&d`thrmjc nstrument- heir voluntary act t
<br />i
<br />JA W. 5�N
<br />j E �SEmy,, and otarial Seal the date aforesa
<br />! • �t'.�; I�f��Gbrtfl4tisttdttreaipires —•
<br />tel
<br />Novemmerslen EYs
<br />775
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