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<br />MORTGAGE her, Register of Dee- 16VI-D
<br />ds,
<br />����j�T��ArFTn�'AMmn. �L2 �.38
<br />MORTGAGE LOAN
<br />KNOW ALL MEN BY THESE PRESENTS: That Lillie E. C. Nuernberger, a single person, and
<br />Marie E. Pearson, a widow, Mortgagor, whether one or more, in consideration of the sum of
<br />-Fourteen Thousand Eight Hundred and No/100 ---------- ------------- I ---------- -DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 148 'shares of stock of
<br />said ASSOCIAT ' ION, Certificate No. L 21 838 do hereby grant, convey and mortgage unto the, said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT TEN (10) IN BLOCK TEN (10) , IN SCHIMMER'S
<br />ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA.
<br />together with all the ton * ements, 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 the . re . to, . pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />An*d 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 14 800 . 00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION tile policies for said in� , urance; 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 tile bond secured hereby, t he mortgagee shall,
<br />on demand, be entitled to immediatd -possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all tile 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 tile rents, revenues and income, and it may pay out of said income all expenses of repairing said prerhises 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 tile discharge of said mortgage indebtedness; these rights of the mortgageoc may be exercised at any time during the existence ofsuch
<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 ASSOC ' IATION 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 Mortgag'e
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 1 .. 4,800.00 pilyable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, ass�ssments 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 theagreements and conditions of the Bond for S 14 800. 00 this day given by the said Mortgagor to said ASSOCIXTION, and comply
<br />with all the requirements of the Constitution and B -Laws of said ASSOCIATION; then these presents shall become null and 'Void, otherwise they
<br />I y
<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.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtednes5 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 ad�iiional sums to tile
<br />makers of said Bond, their assigns or sticcessors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />Gt to
<br />secured thereby, the total amount of principal debt exceed at any time the original amount of this mortgage.
<br />F"'
<br />Dated this day of 4-e—f- Z: A. D. 19
<br />Lillie E. C. Nuernberge�r Marie E. Pearson
<br />STATE OF NEBRASKA, ss. On this
<br />COUNTY OF HALL
<br />.Lillie E. C.'Nuernbergpr-, a sin gle person,
<br />day of 19Z beforeme,,
<br />Ac_ r4�_,�4
<br />the'unde,signed, a Notary Public in and for said County, personally came
<br />and Marie E.. Pearson, a widow, I
<br />who are personally* known to
<br />me to be the identical person S Whose names 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 />WITNESS my hand and Notarial Seal the date aforesaid.
<br />My Commission- expires 100,
<br />FORREST J. POLLARD
<br />3-7 . 3-21A GENERAL NOTARY—Staic of Nebr. Notary Pdblic
<br />Mj Commission Expires
<br />June 9. 1976
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