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<br />j2VEher,R�egister of
<br />Hal -1 Cojinty,. Nebraska;
<br />MORTGAGE
<br />MORTGAGE LOAN No. L 21,819
<br />KNOI� ALL MEN BY THESE PRESENTS: That Rodney D. Peterson and.Faye E. Peterson, each in his and
<br />her own right and as spouse of edch other, Mortgagor, whether one or more, in consideration of the sum . of
<br />Twenty Thousand Eight Hundred and No/100 ------------------- : ----------------------- :--'DOLLARS
<br />loaned to said mortgagor by The Equitable Building and L6an Association 0: f Grand Island, Nebraska, Mortgagee, upon 208 .... shares of stock of
<br />said ASSOCIATION: Certificate No. L 21,819 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate: situated in Hall.County, Nebraska:
<br />LOT NINE.(9) IN BLOCK ONE (1) IN EAST NORTH
<br />LAWN ADDITION TO THE VILLAGE OF WOOD.�RIVER, HALL
<br />COUNTY, NEBRASKA..
<br />together with all the tenements, hereditaments and alipurtenances ther6unto belonging, in . cluding attached�floor coverings, all window screens,
<br />window shades, blinds, storm window - s, 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 tile bond secured thereby before tile same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 20 i800. 00 payable to said ASSOCIATION and to deliver to saiO
<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 conditio ns 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 Ole
<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 />tile 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 tile 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 tile mortgagee may be exercised at any time during tile 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 iliall repay said loan on or before tile maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in tile' Bond secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day ofbach and every month, until said loan is fully paid; pay all taxes and as�essments levied against said premises and on this Mortgage
<br />and th� Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 20 , �00. 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 agreemen ' is and conditions of the Bond for s 20 800. 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 cond . itions 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 U16 option of The Equitable Building and Loan Association of Grand Wand :Nebraska, become immediately due and payable without
<br />further notice, and tile amount remaining due under. said bond, and any other bond for -any additional advances made thereunder, shall, from tile
<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 Buflding 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 t ' . his 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 with i in the security of this mortgage the same as tile funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />ate this I Oth September A.D., 19 75
<br />k8ney D. [Vterson �J _�aye�'E. Peterson
<br />STATE OF NEBRASKA, ss. On this I Oth day of September ig 75 before me,
<br />COUNT'
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Rodney D. Peterson and Faye E. Peterson, each in his and her own ri ht and as spouse of
<br />each other, 10 are personally known to
<br />me to be tile identical persons whose nam es are affixed to the above instrument as mortgagor S and they severally
<br />acknowledged the said instrument to be their voluntary act and deed.
<br />nd Notarial Seal the date aforesaid.
<br />'inlisidinyexp
<br />C-C.,03FCbm ITid'yexp res
<br />stntr- of Nebra I
<br />r�.�.y ammission Ex
<br />=_3-.73-21&'1-, November 12. 7
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