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<br />Fisher; Register of Deeds,
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<br />Hall',Cotmty, Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. M;782
<br />KNOW ALL MEN BY THESE PRESENTS: That Albert Mi erau and Del Ol'es: E'. Mi'erau each in .his . and her
<br />own right and as spouse of.each other -
<br />Mortgagor„whether one' or more, in consideration of the sum of
<br />Eleven Thousand Five Hundred and-No/100 ----------- ------------------- t ------ DIOLLARS
<br />loaned, to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebiaska, Mortgagee, upon ' 115 shares of stock of
<br />said ASSOCIATION, Certificate No..'L 21 ,782 do hereby grant, convey and mortgage unto the said' ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />-Lot Eight (8), Block Twenty -One (21), In' Packer &
<br />"Barr's Second Addition to the City of.Gran'd Island,
<br />Nebraska.
<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 secur de ebyX before the ;same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S I I , 50.6e UO , 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 ;expensesof `.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 montli, 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 Sl 1 ; 500.00 payable
<br />to said ASSOCIATION; repay to said. ASSOCIATION upon demand all money by itpaid for such taxes;'. assessments and insurance with interest at
<br />the maximum legal rate thereon from dace 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 11 , 500. 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 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 madethereunder, 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 />a)�etedthis 2 'day A-U9USt A.D., 19 ; 75
<br />Albert Mierau Delores E.;Mi'erau
<br />STATE OF NEBRASKA, 20th AU USt 75
<br />• COUNTY OF HALL ss. On this day of g 19w before me,
<br />the undersigned, a Notary Public in and for said County, "personally came
<br />•Albert ` Mi erau and -..Delores E Mi erau , each in his who are personally known to
<br />tend her own right and as :spouse of each other,
<br />me to be e identical person S whose name., S affixed;to the above instrument as mortgagor S and • , have. severally
<br />acknowledged the said instrument to'bethel Y ;voluntary act and deed.
<br />WITNESS my hand and NotariaGSeaI the daie aforesaid.
<br />My Commission expires''
<br />Notary Public
<br />3.73.2M. 1 is t
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