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Fi ed forrecor S t ., in B
<br />MICROFILMED n T of
<br />ij 9 v J'Jean-Flfsher, Registe'r'of.Deeds,
<br />Hall County., Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 21 ;797.: MGIC`
<br />KNOW ALL MEN BY THESE PRESENTS: That Richard IL. Brandt an :Evelyn Brandt, each •i n hi"s and her
<br />own right and as spouse of each Oth4r Mortgagor, whether one or more, in consideration of the sum of
<br />Thirteen Thni*jsand Five Hundred and-, 0 lOO-r---------------------------------------- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Associ ition of Grand Island, Nebraska, Mortgagee, upon 1-35 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,797 MGIC, do her grant, convey and mortgage unto the said ASSOCIATION. the following
<br />described real estate, situated in Hall County, Nebraska: k
<br />A PART OF LOTSIX (6) IN BLOCKSEVENTY-THREE (73); IN
<br />WHEELER & BENNETT'S THIRD ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA,.ORE PARTICULARLY ;DESCRIBED .
<br />AS FOLLOWS: COMMENCING AT A POINT ON THE SOUTH IBOUNDARY,
<br />LINE OF SAID LOT 6: A DISTANCE OF 44.8 FEET EAST bF THE
<br />SOUTHWEST CORNER OF SAID LOT•6: THENCE RUNNING.NORTH
<br />PARALLEL WITH`THE WEST BOUNDARY LINE OF SAID LOTi6 A DIS
<br />TANCE OF 58 FEET; THENCE RUNNING EAST PARALLEL WITH THE
<br />SOUTH BOUNDARY..LINE OF SAID LOT 6 A DISTANCE OF 8, FEET: THENCE
<br />RUNNING NORTH PARALLEL WITH THE 'JEST BOUNDARY LINE OF.SAIQ
<br />LOT 6 A DISTANCE OF 18.5 FEET- T�-IENCE RUNNING WEST PARALLEL
<br />WITH THE SOUTH BOUNDARY LINE OF SAID LOT 6 A DISTANCE OF'i52.8
<br />FEET; THENCE RUNNING SOUTH ALONG AND UPON THE WEST BOUNDARY
<br />LINE OF SAID LOT 6 A DISTANCE OF 76:.5 FEET TO THE�SOUTHWEST
<br />CORNER OF SAID LOT 6; THENCE RUN, ING EAST:ALONG-AND UPOWTHE SOUTH
<br />BOUNDARY LINEOF SAID LOT 6 A DISTANCE OF 44.8 :FEET TO .THE POINT OF BEGINNING.
<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 conditi( ning,and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attacped to:or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby al ree 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 s cured: thereby -before the same'shall'become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of 1 3 it ; 500.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or Permany waste on or about said premises;
<br />on '
<br />In case of default in the performance of any of the terms and ditions of this mortgage: or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate Ipossession of the mortgaged kremises and the mortgagor hereby! assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the(amiortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint'any agent b, agents it may desire for;the purposejof repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it may p y out , of said income all expenses of 'repairing said prernises'and necessary
<br />commissions and expenses incurred in'.renting and managing the san le and of collecting rentals therefrom;; the balance remaining,. if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rig its of the mortgagee may be exercised at'any time during th'e existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the s id 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 befoie
<br />the Twentieth day of each and every month, until said loan is fully pai 1; pay. all taxes and assessments levied against said premises and on this Mortgage
<br />• is
<br />and the Bond "secured thereby, before delinquency; furnish approved nsurance upon the buildings'tliereon in die sum of s 13,500.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand ill money by it paid for: such taxes, assessments and insurance with interest at
<br />the maximum legal fate thereon from date of payment all'of which M jrtgagbr hereby agrees to pay; permit no waste on said premises; keep and comply
<br />with all the agreements and conditions tof the Bond for S 13500 500 . )0 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 AS IOCIATION; then these, presents shall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed at the option of t ie said ASSOCIATION after failure: for three months to: make any of.said
<br />payments or be three months in arreak in making said monthly pay tents,;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 f reclosure 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 Asso iiatiori of Grand Island, Nebraska,become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, a d any un
<br />other bond for any additional advances made thereder,?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 extenslton 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 mmairis in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors in interest, -which suras 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 lny time the original amount of this mortgage.
<br />ted this 29th day of August A..D.,'19 75
<br />Richard L. Brandt Evelyn Brandt
<br />STATE OF NEBRASKA,
<br />ss. On this 29th C 'day of August ' 1975 . , before me,
<br />COUNTY OF HALL
<br />She undersigned, a Notary Public in and for said County, personally came
<br />Richard L. Brandt and Evelyn Brandt, each �n his and Hier own right and as spouse -of -each
<br />Other, who are. personally known to
<br />me to be the identical persons whose names are af6 ted to the above instrument as mortgagor Sand ithey severally
<br />e
<br />acknowledged the said instrument'to tie their voluntary acS*d deed.
<br />WITNESS niy hand and Notarial Seal the date afore laid..`
<br />My IIifitlitiisMbnQ'at�IK�k w G
<br />4 GENCRAL' MO i /CRY C'
<br />State of, Nebra511a / I i Notary Public
<br />73- �-� Nly Cammission EX'pires
<br />.November'1.2, 175
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