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<br />it h/ Bo 9
<br />recor
<br />Fi e f ID7
<br />P,
<br />isher, Ger of Deeds.,
<br />of i Re6i si
<br />Je unty, Nebraska
<br />liall Co
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 21 872
<br />KNOW ALL MEN BY THESE PRESENTS: That Alvin H. Reimers and Rosetta E Reimers, each in his� and
<br />her own right and as.spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />�Twenty Thousand and No/100 ----------------- ---------------------------------------
<br />DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 200 shares of stock.- of
<br />said ASSOCIATION, Certificate No. L 21 872 1 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />THE NORTH HALF (N,) OF THE FOLLOWING DESCRIBED TRACT
<br />OF LAND, DESCRIBED AS FOLLOWS.:
<br />COMMENCING AT THE NORTHWEST CORNER OF LOT FOUR (4),
<br />FAIRACRES SUBDIVISION, LOCATED ON PART OF THE SOUTHWEST QUARTER.
<br />(SW-,) OF SECTION THREE (3), TOWNSHIP ELEVEN (11) NORTH, RANGE
<br />NINE (9) WEST OF THE 6TH P.M., RUNNING -THENCE EAST 212 FEET ALONG
<br />THE NORTH LINE OF SAID LOT 4, THENCE SOUTH 204 FEET.PARALLEL WITH
<br />THE WEST LINE OF SAID LOT 4, THENCE WEST 212 FEET PARALLEL WITH THE
<br />NORTH LINE OF SAID'LOT 4, THENCE NORTH -204 FEET ON THE 14EST LINE OF
<br />SAID LOT 4 TO THE PLACE OF BEGINNING, HALL COUNTY, NEBRASKA.. *
<br />together with all the tenements, liereditaments and apl5urtenances thereunto belonging, including attached floor coverings, all windowscre6iis,
<br />window shades, blinds, storin windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps,stoves,
<br />refrigerators, and other fixtures arid 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 furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 20 , 000. 00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and riot. to commit or permit any waste on or about said premises;
<br />In case of default in the performance of any o f the terms and conditions of this mortgage or the bond secured hereby, the mortgagee sh all,
<br />on demand, be entitled to immediate possession of.the mortgaged premises and the mortgagor hereby assigns, transfeis 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 all expenses of �. repairing said premises arid necessary
<br />commissions arid expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to�be
<br />applied toward (fie discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence ofs6ch
<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 qionthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest arid 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 Mortgage
<br />and the Bond se&ured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 20 , 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 lc�, I rate thercon from date of payment,all of which Mortgagor hereby agrees to pay; permit no waste on said premiscs;keep and comply
<br />with all the agreements arid conditions of the Bond for s 2 0 , 000 - 00 this day given "by the said Mortgagor to said ASSOCIATION, arid conip*ly
<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, ilirce months in arrears in making s6id monthly payments, or to keep and comply with the agreements arid conditions of said Bond;
<br />and Mortgagor'4grees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there Js any change in ownership of the real estate mortgaged herein, by sale or.-otlierwise, 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 />f6rtlier notice', and the amount remaining due under said bond, and any other bond4br 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 rilaxiniuni
<br />legal rate.
<br />As provided in the* Bond secured hereby, while this mortgage rema ins in effect the mortgagee may hereafter advance additional sunis to the
<br />makers of said Bond, their assigns or successors in ijit�rcst, which surns shall be within the security of this mortgage the same as the funds 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 3.rd d f November A.D., 19 7 5
<br />"-'Alvin H.. Reimers Rosetta E. Reimers
<br />STATE OF NEBRASKA, � ss. On this 3rd day of November 19 75 beforenic,
<br />COUNT�
<br />the unde�signed, a Notary Public in and for said County, personally came
<br />Alvin H, Reimers and Rosetta E. Reimers, each in his and her own right and as spouse of
<br />each other, 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 thei r, voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the date aforesaid.
<br />X
<br />,___�jy_�qmmissio e pires
<br />JA,1-nS W. OLSON
<br />�:OVARY 2�ZNotaryT!__b�lic
<br />3-73-2M
<br />�121, 1975
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