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<br />Q exiled for recor 75
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<br />MORTGAGE
<br />oo -✓�
<br />A. .
<br />Jeeg'Fis_:ar, Register of Doedo,
<br />hIR{Ic;rc;���'Arv�"rL�1 ,556._ �'y*
<br />KNOW ALL MEN BY THESE PRESL'NTS: That Ronal d L. Bohnart and Patricia Bohnart; each i n' hi4`:�
<br />and her own right and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Nineteen Thousand and No/100-----------------------------------------------------
<br />DOLLARS
<br />loaned to said mortgagor by -The Equitable Buildin and Loan Association of Grand Island, Nebraska, Mortgagee, upon 190 • shares.of stock of
<br />said. ASSOCIATION, Certificate No. L 21 ,556 , do hereby grant, convey and mortgage unto the said ASSOCIATION.fhe following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT flVE (5) (EXCEPT THE SOUTH FIVE (5) FEET THEREOF)
<br />IN BLOCK FOUR (4) TN INGALLS & TURNER SUBDIVISION
<br />IN THE VILLAGE OF CAIRO, HALL COUNTY, NEBRASKA.
<br />f _
<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 an&cquipment now orhereafter 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 tire,- same shall. become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S -19 , 000.00 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 />oil 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 'tire 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 maybe 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 />fied in the Bond secured hereby as interest and principal on said loan, on or before
<br />payment; pay monthly to said ASSOCIATION of the sum speci
<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 , 000.00 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 ,000 .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 tite agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed fortlrwith: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 anti 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'tlre 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 tlus 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 />Dated this 15th day of
<br />April A. D., 19
<br />Kona 1. o r a rt'�
<br />STATE OF NEBRASKA, SS + On th;S 15th dayof Aprl l 1975 , before me;
<br />COUNTY OF HALL
<br />the noersigne , Now Public in n for s id Count ersonall � came
<br />Ronald L. Bohnart and Patricia Bohnart each in lis an � Viler awn rig who are as personally kn wn to
<br />�t ersonS whose names are , affixed to the above instrument as mortgagor S and they severally
<br />a r(pr ffgA S t'esaid trument to be their voluntary act and deed.
<br />WL NOTAR`f �N�?T-yN� S my hand and Notarial Seal the hate aforesaid.
<br />COPAt•�ISSIOPIMC Co mission expires
<br />E`01RES -1
<br />�• 9 ,�O :. N t y Public
<br />S7, 31
<br />�"+ii]ii+fes rj
<br />FOF NEBRP ,//nn
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