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Fi !,,Lo record
<br />Lat
<br />pq�ge 44
<br />ds,
<br />.1 T) P Jearr/Fisher, Re.-ist�r.of Dee
<br />Hall County, llpbraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L -Z1870
<br />KNOW ALL MEN BY THESE PRESENTS: That Earl L. Berg and Lor,aine M. Ber��g, each in ihis, and her
<br />own right and as spouse, of each other, Moit4agor�l whether onelo'r more, in consideration of the su
<br />I mof
<br />Twenty-one Thousand Ei§ht Hundred and No/100 ---------- ------ ---- I ----------- DOLLARS
<br />loa n*cd to said mortgagor by The Equiiable Building and Loan Association. of Grand Islan c ras a, I ortgagee, upon 218 'shares of stock, of
<br />said ASSOCIATION, Certificate No: L 21870 do hereby grant, convey a d mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />lio
<br />:,LOTS NINETEEN (19) IN:BLOCK ONE (1) IN'
<br />.JSLAND ACRES. NUMBER T140 (2) Bt _NG: A
<br />REPLAT OF LOTS.ONE (1), TWO (21), THREE
<br />(3), FIVE (5), SIX (6) AND SEV N'
<br />.ISLAND ACRES, A SUBDIVISION INI HE;CITY
<br />OF GRAND ISLAND, HALL:COUNTY, 4EBRASKA.
<br />together with all the tenements, licieditaments and appurtenances thercunto belonging, ind : uding attached floor coverings" :all: 'Window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing& d water equipmenta'rid accessories tli4eto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in com ecti6ji with said real estate.
<br />And whereas the said mortgagor. has agreed and does hereby agree that the mortg g)r shall and will piiy all taxes and,asses§mcnt§ levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby bef r( tile'! same shall become delinquent; ito: furnish approved
<br />insurance upon the buildings on said 'premises situated in the sum of S 21 800 . 0 ayable to said ASSOCIATION ano to.deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste onki about said premises;
<br />In case of default in the performance of any of the jerms and conditions of this nlol tgag , c or the bond secured hereby, 14he mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mo tgagor hereby assigns, transfers, and sets over to the
<br />mortgagee all tile rents, revenues and income to be derived from the mortgaged premisesl'd ring such time as the mortgage indeljtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desi c for the purpose of repairing said �prcmises and renting
<br />the same and collecting the rents, revehues and income, and it may pay out of said incoln - all � expenses of repairing said and necessary
<br />commissions and expenses incurred in renting and managing the same add of collectin I p'ciniiseg
<br />9 entals there from;. the balance mma�n , if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee, I lay 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,Tliat if the said Mortgagor shall reray-said loan on or before tile inaturity� of said shares by
<br />�aymcnt; pay monthly to said ASSOCIATION of' the sum specified -in the Bond secured' I�crcby 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 assmsments levied against said premises and on this Mortgage
<br />a ; . .
<br />and the Bond secured th ' c reby, before, delinquency; furnish approved insurance upon the jui I ld ings thereon in tile sum of S 21 400.:�00 liayable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid flor such taxes, assessments and insurhnce,witli interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrec's o pay; permit no Waste on said premises; keep and comply
<br />with all the agreements and conditionsof the Bond for S 21 8 00. 00 this day given �ly � the said Mortgagoi to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then t,lic se presents shall become null and �oid,otlierwise they
<br />shall remain in full force and may be foreclosed at tile option of the said ASSOCIAT
<br />�O��l after failure for three months t� make any of said
<br />payments or be three months in arrears in making said monthly payinients, or to keep and comply with the a.-reements and con(litions of said Bond;
<br />aiid Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proccedirib!
<br />If there is 6ny change in ownership of the real estate mortgaged herein, by sale or odierwise, then the entire remaining Indeb''tedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Isla n1d, Nebraska, become immediately ducand payable without
<br />f6rtlicr notice, and the amount remaining due under said bond, and any other bond f4any 'additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage r [lay then be foreclosed to satisfy tli& arho'unt due on said
<br />bond, and any other bond for additional advances, together with all sums paid by said 1, Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thercon, from date of paymebt at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect tli& i ortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors in interest, which sums shall be withip the' S�.=rity of this mortgage the same a� the �funds originally
<br />secured thereby, the total amount of firincipal debt not to exceed at any iime the original! a ou�t of this mortgage.
<br />Dated this 31 day of October D.,'I 9 7 5
<br />Earl L. Berg ;-LoKra ne M. Berg
<br />(T7.
<br />STATE OF NEBRASKA, SS.
<br />On this 31st day of October 19 75 beforeme,
<br />COUNTY OF HALL
<br />licurijle ned a Notary Public in and for said County
<br />r
<br />I SPOU personally came
<br />Earl'L. Berg and Lorraine M. Berg, each in hist an We own right and as s.e f each
<br />other, who are personally known to
<br />me to be the identic.al persons whose name s are affixed to the above ins ment s mortgagor S and tho severally
<br />_y
<br />acknowledged tile said instrument c—their voluntary act and deed.
<br />Lto-b
<br />WUNESS ifiy Rdndl,Ad lLarial Seal tile date aforesaid.
<br />ARY
<br />My C�TT1s1kPP)9,*Pj1PS
<br />;es
<br />1' 7 _Ev
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<br />3.73 . _12M,`!1�.,-,_-,_ �Jov,=Ie, 12 'Notary Pub�i
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