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Ij�EI Fi 'ed -for record �S/y�sat '' �'tdin Book ! Q
<br />1r11CROFl 1 oi� c �, a� page ,2 aC��—IGti
<br />J afiTisher, Register of -Deeds,.
<br />MORTGAGE Hall County, Nebraska.'
<br />I MORTGAGE LOAN NO. L 21767MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That Steven L.'' Hei demanl , a single man,* and Lonnie Berger,
<br />a single man ,Mortgagor, whether one or, more, in consideration of the sum of
<br />i
<br />Thirty Thousand Six Hundred and No/100--------------'------'----------------
<br />-------- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 306 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,767 MG IQ do hereby grant, convey;. and mortgage unto ;the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />• 9
<br />LOT SIXTEEN (16) AND THE SOUTH SIIXTEEN (16) FEET
<br />OF LOT FOURTEEN (14),•IN BLOCK NINaETEEN 9)31IN
<br />UNIVERSITY PLACE, AN ADDITION TO THE CITY!OF GRAND
<br />ISLAND, NEBRASKA. '
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attachedfloor 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 %vitlt said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and wiWpay 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 30 , 600.00 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 themortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have tlac power to appoint any agent or agents it may !desire foritlie 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 sucli
<br />default, irrespective of any temporary waiver of the same. 1
<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 secuired 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'Aie sum of S 30 , 600.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for suh 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 30,600.00 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 tile, 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 dhar ge 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 whereon, 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 aruyunt of principal debt not to exceed at any time the original amounN.of this m gage.
<br />ated this f / ` ay of�ti� i A. D., I9� '
<br />Steven L: Heidemann onnie,Berger
<br />STATE OF NEBRASKA,
<br />j e,
<br />ss. On this r , da obefore m
<br />f i ~�` "�{ ,
<br />COUNTY OF HALL y L' RA hN
<br />t e undersigned, a Kota Public i '*(f 41 nally came
<br />Steven*L. Heidemann, a single man, and Lonnie Berger, a sinpe.man3
<br />ar&ARypersdpall nown to
<br />N ISSION,
<br />me_to be the identical persons . whose names are affixed to the above instrument as mortga r r eOFXpyngS thB y severally
<br />acknowledged the said instrument to be their voluntary act and deed. �ACi Q
<br />WITNESS my hand and Notarial Seal the date aforesaid. dIg .........
<br />My Commission exptr ��J^
<br />Notary Public
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