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MICROFILMED
<br />Fi %d for record-Wa4.z/�,,/97Sa-F 3 �in�oo
<br />rr�� ry 4' '
<br />o o 9 U f l, of
<br />I !JeA Fisher, Register of Deeds,
<br />MORTGAGE i ` �Vnl l County. TT6'�raslm
<br />MORTGAGE; LOAN NO. L 21,765
<br />KNOW ALL MEN BY THESE PRESENTS: That Larry Dean Uhrmacher and i Marsha S Uhrmacher°, each in his
<br />and her own right and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty Seven Thousand Two Hundred and No/100------------ -
<br />------------------=----15OLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee', upon 272 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 5765 > do hereby grant, convey and mortgage unto the said 'ASSOCIATION the following
<br />described real estate, situated in flail County, Nebraska: I
<br />LOTS SIXTEEN (16) AND EIGHTEEN (18) IN BLOCK; ONE (1)
<br />IN UNIVERSITY PLACE, AN ADDITION TO THE CITYOF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />I'
<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 watei 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 shaWbecome delinquent;'to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of -2700 00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permitany 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!tbe 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, arc upon the Condition, That if the said Mortgagor shall repay said• loan oni or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured herebyl'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 S27 , 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 S27 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 )lave 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, Nebiaska,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 mayjhereafter 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 />a ed ilii : 15August A D , m75
<br />11-LaT.Di6an UhYmacher M a 7 . UUfirma er
<br />i'
<br />STATE OF NEBRASKA, ss. On this 15th day of August 1975 , before me,
<br />• COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County,ersonally came
<br />Larry Dean Uhrmacher and Marsha S. Uhrmacher, each in hisj;and!her own right
<br />an as 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 ins as mortgagor; S and they,. severally
<br />acknowledged the said instrument to be their voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the date aforesaid.
<br />My QwWnBsk9n F34P3[gfV - G ,
<br />C'ENIF}:1L .NOTAR
<br />3 73-2 ` Nebraska Notary Public
<br />AQ i •:y Cc.mmi,'sion Ez
<br />Novembe! 12, 1975 G"-
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