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Fil for recont � t.I. , i Boo ,- <br />"OS ,L.• •. <br />000 of Page J1.0- .. <br />Je Fisher, Register of Deeds, p� <br />MORTGAGE Hall County, Nebraska icy <br />MORTGAGE LOAN NO. - L 21.805 MGI C <br />KNOW ALL MEN BY THESE PRESENTS: That Dan Nedrig and Deborah S. Nedrig; each in his and her <br />own ri gh`t 'and as spouse .of each other, Mortgagor, whether one or more, in consideration of the sumof <br />Thirty.Thousand and No/100----------------- <br />----------------------------------------DOLLARS <br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nehraska, Mortgagee, upon 300 shares of stock'of <br />said ASSOCIATION, Certificate No. LvRner MGIC, do hereby grant, convey and mortgage unto the said ASSOCIATION the' following <br />described real 'estate, situated in Hall County, y `NeTiraska: <br />t <br />• i <br />• I <br />• I. <br />LOT SEVENTEEN (17), BLOCK FIVE (5), <br />VALLEY VIEW SUBDIVISION, BEING PART <br />OF NORTH 1103.0 FEET OF E2 OF NE4 <br />OF SECTION TWENTY-TWO (22), TOWN <br />SHIP ELEVEN.(11), NORTH, RANGE NINE <br />(9), WEST OF'THE 6TH P.M. <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 oilier fixtures and equipment now or hereafter attached to or used In connection with said real estate. j <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 furnish approved <br />insurance upon the buildings on said premises situated in the sum of S 30, 000. 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 th'e <br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as tite 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, ori 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 5 30,000.00 <br />0,000.00 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 agreesto pay; permit no waste on said premises; keep amd comply <br />with all the agreements and conditions of the Bond fors 30,000. 00 this day given by the said i•lortgagor :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 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 stims to the <br />makers of said Bond, theirassigns or successors in interest, which sums shall be within the'security of this mortgage the same'as the funds originally <br />secured they by, the total amount of principal debt not to exceed at any time the original amount of this mortgage. <br />D d his ' 3 day oeSep.tember A. D., 19 75 j <br />Da Nedrig7 Deborah S. Nedrig <br />STATE OF NEBRASKA, 1 <br />)r ss. On this 3rd day of September 19 75 , before me, <br />COUNTY OF HALL <br />the undersigned, a Notary Public in and for said County, personally came <br />Dan Nedrig and Deborah S. Nedrig, each in his and her own right and as spouse of each <br />other, who are personally' known to <br />me to,be-t(ie identi: �;p\ son S whose name S are affixed to the above instrument as mortgagor S and they. severally <br />acknotivledged thesai,.' 3t ent to be their voluntary act and deed. <br />`/ 1VIT iESS hand and Notarial Seal the date aforesaid. f <br />My Coritmis n expires / <br />\, Notary Public <br />r <br />