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Filed for •recor /...5'at S' r� t,r,, n Boob{'
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<br />C `� ` lJ J Fisher, Register of Deeds,
<br />Hall County, Nebraska.
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 21 *, 7 98
<br />KNOW ALL MEN BY,THESEPRESENTS: ,That Mark J Keiser and Peggy 0. Keiser,each .in his and her
<br />own right and asspouse of each other, Mortgagor, whether one or more; in consideration of the sum of
<br />Twenty Thousand Eight Hundred ands No/100-------------------- ------------------ DOLLARS
<br />loaned to said mortgagor by The equitable Building and Loan Association of Grand Island,• Nebraska, Mortgagee, upon 208 shares of stock of
<br />said ASSOCIATION,. Certificate No. L 21, 7 98 > do .hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
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<br />LOT FIFTEEN (15) IN,BLOCK ONE- (1) IN
<br />MEVES FIRST. -ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all tile- tenements, hereditaments and appurtenances thereunto belonging,'including attached floor coverings,, all window screens,
<br />window shades, blind's, storm windows, awnings, heating, art conditioning,and plumbing and eater equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and othdr• 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•tile -same shall become delinquent; to furnish approved
<br />insurance upon the -buildings on said premises situated in tfid sum of S20,800. 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,aborit 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 20 ,800. 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 20 x800.00 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 montlis 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 mdrtgage 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 />Dated this 29th —,day of August A.D. 975
<br />l- 01. .•
<br />Mak J. K ser, Peggy-, e'ser
<br />STATE OF NEBRAskA; ss On this , 29th day of AUgUSt 19 75 ,before me,
<br />COUNTY OF HAI L '
<br />the unde signed, a Notary Public in and for said County; .personally came
<br />Mark J. Keiser and Peggy O—Ke ser, each in his and her own right and as spouse of
<br />each other,--`„ who are personally known to
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<br />me to be the identical persons whose namere .a•••offi& the above instrument as mortgagor_ g and they severally
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<br />acknowledged the said instrument to be thei r�vv> �Iuwtary deed.
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<br />WITNESS my hand and Notarial S�alrthe dptQ aforesaid";
<br />My Commission expires 'D
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<br />Notary Public
<br />' tel.%..0 7� �g1•oS�'a
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