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Filed for recore'a��9�"at � M., n Bo
<br />of ,Page a�.q ...
<br />J I'isher,.'Register of Deeds,
<br />Hall County, Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN N0: L 21,56
<br />KNOW ALL MEN BY THESE PRESENTS: That Myron R. Berggren.and Oliver Berggren, being the sole
<br />and only partners in Berggren Brothers', a:partnership,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Thirty-five Thousand and No/100----=---------------- ------------------`---'-------DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 350 • shar'es'of stock of
<br />said, ASSOCIATION; Certificate No. L 21 ,567 , do hereby grant, convey and mortgage unto the said ASSOCIAT1ON' the following
<br />described real estate, situated•in Hall C06ntyi Nebraska:
<br />THE NORTH THIRTY FEET (N30') OF LOT•SIX (0,
<br />AND THE SOUTH FIFTY-FIVE FEET -(S55') OF LOT
<br />SEVEN (7), IMPERIAL VILLAGE SECOND.SUBDIVISION
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />iogether• 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 35 ,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 />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 35 , 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 3 5 , 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 sliall 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 sliall 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 24th day of Apri 1 A. D.,) 75
<br />GU eZ /Ipiyti
<br />Mon R. Berggre Oliver Berggr
<br />STATE OF NEBRASKA; ss On this 24th day of Apri I 19 75 , before me,
<br />COUNTY OF HALL
<br />the undersired; a rotary Public in and for said County, personally came ,
<br />Myron R. Berggren and Oliver Berggren, being the sofe and only partners in Berggren
<br />Brothers, a partnership, who are personally known to
<br />me to be the identical persons whose name s are affixed to the above instru ortgagor S and they severally
<br />acknow dged the sa*MWu%er01t6Qtb1 their voluntary act and deed.
<br />�'�irn��id o
<br />r e o
<br />det tsktarial Seal`the date aforesaid.
<br />a
<br />• , Trl y �o,UiEitFg>s�i� �F1?}SFe�' � Gi
<br />November 1 5
<br />Notary Public
<br />3.73.2M ' t
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