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Fi ed for recor Z? e2a�st •? it 'An o
<br />of ,Paged OF1tM;
<br />Jej9 Fisher, Register of Deeds,
<br />MORTGAGE Hall County,, Nebraska
<br />In MORTGAGE LOAN NO.L 21 , 564 MGI G
<br />KNOW ALL MEN BY THESE PRESENTS: That " Herman T. Meyer and Carol L. Meyer," each• i n his and
<br />V her own right and,asspouse of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Seventeen Thousand Five Hundred Fifty and Not100-=------------------------------LLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 175 shares of stock of
<br />said ASSOCIATION; Certificate No. L 21 ,564 MGI,Cdo hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />THE SOUTHERLY FORTY-NINE (S 49') FEET OF LOT ONE (1) , IN BLOCK ONE (l) , . IN
<br />WINDOLPH'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA, BEING
<br />A RECTANGULAR TRACT OF GROUND HAVING AN EASTERLY FRONTAGE OF 49 FEET ON
<br />LINCOLN STREET, AND A DEPTH :OF 166 FEET BOUNDED ON THE SOUTH BY -THE ALLEY IN
<br />SAID BLOCK.
<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 />insuranceupon the buildings on said premises situated in the sum of S 1 550 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 duffing 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 17 , 550.00 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 17 , 550.00 ti -ds 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 />Dated this 22nd day of Apri 1 AA..D.,19 7.5
<br />erman Meyer eyer
<br />STATE OF NEBRASKA,.
<br />• COUNTY OF HALL } ss. On this 22nd day of Apr'11 19 75 ,before me,
<br />the undersigned, a Notary.Public in and for said County, personally came
<br />Herman T:'Meyer,and Car.ol.L. Meyer, each in his and•.her own right and as spouse of.each.other.,
<br />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 />acknowledged the said tnsfrdment to be their; voluntary act and deed.
<br />d Wtartttt Tial Seal the date aforesaid.
<br />My.ggpp v650 Y
<br />StAto QrAgk� Notary Public
<br />My Corr—--#:"Explr `
<br />• Novom �-, �7 �✓
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