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<br />MORTGAGE
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<br />Fisher, Register of Deeds,.
<br />Hall County., Nebraska
<br />MORTGAGELOAN NO. L 21 ,796
<br />KNOW ALL MEN BY THESE PRESENTS: That :'Myron 'C. Perrel . and ' -Virginia M. Perrel each in his
<br />and herown-right and as spouse, of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty'Th•ree Thousand and-No/100 ---------------- -DOLLARS
<br />loaned to said•mortgagor by The Equitable Building and Loan Association of Grand Island; Neb.raska, Mortgagee, upon 230 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,796 , do hereby grant, convey and mortgage unto the said ASSOCIATION thel following
<br />described real estate, situated in Hall County, Nebraska:
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<br />LOT TEN (10) •, - FREEDOM .ACRES SUBDIMISION, HALL
<br />10 -
<br />COUNTY, NEBRASKA.
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<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 secured thereby before the same shall become delinquent; to furnisli approved
<br />insurance upon the buildings on said premises situated in the sum of S 23 ,000.00 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 liereby,-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 •'alt expenses of repairing said premises and' necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals tlierefrom; 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, o» 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 thi's Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 23 , 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance withl 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 23 ,000.00 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. j
<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 thel 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,•tticir assigns or successors in interest; which sums shall be within the security of this mortgage the same as the fundis 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 d August A. D.,. 75
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<br />My1Y C: Perrel V —Vi rgl nl a , erre
<br />STATE OF NEBRASKA,
<br />ss. On this . 29th day of August 19 75 ,before me,
<br />COUNTY OF HALL j
<br />the undersigned,,a Nota Public in and, for said County, personally came
<br />Myron C.,;Perrel and li-rginia M.�Perrel, each in his and.gier own right and as spouse of
<br />each other; < i who are personally known to
<br />me to bethe identical person S whose namD,\5 fire•... •'affixed to the above instrument as mortgagor S and they j severally
<br />acknowledged the said instrument to be tht?al" .'�-- voluntfA %ctdncj,deed.
<br />WITNESS my hand and Notarial Seal,thd 8afc aforesaid.;
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