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<br />MORTGAGE Hall County, Nebraska
<br />KNOW ALL MEN BY THESE PRESENTS: That Alfred
<br />and William J. Landis and Margaret A.
<br />Fifty-twP Thousand Eiqht Hundred and No
<br />MORTGAGE LOAN NO. L 21 871
<br />p
<br />W. Beckler and Judith K. Beckler, husb.and and wife
<br />Landis, husband and wife
<br />Mortgagor, whether one or more, in consideration of the su 'in of
<br />/100 — — — — — — — 7i — — — — — — — — — — — — — — — — — — --- — — — — — — — — — --- DOLLARS
<br />loaried to said mortgagor by The Equitable Building and Loan Association of Grand
<br />said ASSOCIATION, Certificate No. L 21871 do hereby grant, coi
<br />described real estate, situated in -Hall County, Nebraska:
<br />LOT THREE (3) LOT FOUR (4) AN
<br />IN BLOCK SIX (6), IN BONNIE BP,
<br />THE CITY OF GRAND ISLAND, HALL
<br />1140
<br />Nebraska, Mortgagee, upon shares of stock of
<br />and mortgage unto the said ASSOCIATION the following
<br />LOT FIVE (5)
<br />ADDITION TO
<br />COUNTY, NEBRASKA.
<br />together with all' the tenements, hereditaments and appurtenances thereunto belodging, 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 other fixtures and equipment now or hereafter attached to or used ini 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 �,eforc the same sliall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the suill of S 52 800 . 00 payable to said ASSOCIATION and to deliver to s* !] id
<br />ASSOCIATION the policies for said insurance; and not to commit or pern-lit any waste on or about said premises;
<br />In case of default in the performance of any of the terms and conditions ot this mortgage or the bond secured hereby, the mortgagee sliall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and tli6 mortgagor hereby assigns, transfers 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 sliall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it niayj 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 colleciing 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 ofsuch
<br />default, irrespective of any temporary waiver of the same. I
<br />These Presents, however, are upon the Condition, That if the said Mortgagor sliall 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-liereby 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 a n1d assessments levied against said promises and oil this Mortgage
<br />and the Bond secu'red thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 52,800.ob Payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by. it �aid 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 agreem . ents and conditions of the Bond for S 52 89,Q Q0is day give I n by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of said A &CIATION; then these presents shall become null and. void, otherwise they
<br />shall remain in full force and'may be foreclosed at tli� option of the said ASSOCIXTION 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 ofsaid Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure procce I dings.
<br />If there is any change ill ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured sliall, at the option of Tile Equitable Building and Loan Association of Grand Ishnd, 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, sliall, from the
<br />date of exercise 6f 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 1,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 effecti the mortgagee may hereafter advance additional sums to t'lle
<br />makers of said Bond, their assigns or successors in interest, which sums sliall be withinj the security of this mortgage the sanle-as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the orig rial amount of this mortgage.
<br />Dated tli� �l St
<br />October A D., 197 5
<br />jay o
<br />L,)j_LZ_ , - - co
<br />LT
<br />11� Ai am i �w �j
<br />fr� 14 _B(o.kleg)
<br />�/JUdith K. Deckler Marg ret Landis
<br />STATE OF NEBRASKA, ss. On this 31st day of October ig 75 befo.reme,
<br />COUNT)
<br />I undegsip.1, a Notar Public in and for said County, personally came
<br />Alfred W. Beckler and Judith K. Beckler, husbang an 1 -ii e an
<br />William J. Landis and Margaret A. Landi.s.-husband and wife who are personally known to
<br />me to be the identical person S whose nameS�,. i."',"affixed to the above, instrument as mortgagors; and they severally
<br />acknowledged the'said instrument to be thei r:".':'voIuniary"ac't�and deed.
<br />WITNESS my hand and Notarial'Scal the.date afore�said.
<br />Nly Commission expires 0_/_1 Ae -1 ell
<br />Notary Public
<br />3-73-2M %C�
<br />
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