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Filed for record in 33001C
<br />joai� :,IeSistor of'. Deeds,
<br />Hall CoL4ity, Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. 21884
<br />KNOW AL L MEN BY THESE PRESENTS: That August W. Mommens and Loraine R. Mommens, each in his
<br />and her own right and as spouse.'of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Eighteen ThGusand and No/100 ------------------------------------------------------- DOLLARS'
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee ' upon 180 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21884 1 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hill County, Nebraska:
<br />LOT SIX (6), 1N BLOCK TEN(10),
<br />OF ROLLINS' ADDITION TO THE CITY
<br />OF GRAND ISLAND, NEBRASKA.
<br />together with all the tenements, hereditanients and appurtenances thereunto belonging, including attached floor coverings, all windowscreens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment arid accessories thereto, pumps, stoves,
<br />refrigerators, arid 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 sliall and will pay all taxes and assessments levied oi
<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 18 000 . 00 payable to said ASSOCIATION and to deliver to said.
<br />ASSOCIATION the'policies for said insurance; and not to commit or permit any yaste on orabout said premises;
<br />In case of default in the performance of any of tlie�tcrnis and conditions of this mortgage or the bond secured hereby, the mortgagee sliall
<br />on demand, be entitled to immediate possession of the mortgaged premises and the 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 sliall have the power to appoint any agent or agents it may desire for the purpose of repairing said'premises and renting
<br />tile same arid 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 collecting rentals therefrom; tile balance remaining, if any, to be
<br />applied toward tile discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence ofsucli.
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon tile Condition, That if the said Mortgagor sliall repay said loan oil or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in tile Bond secured lic.reby as interest and principal on said loan, oil or before'
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes arid assessments levied against said premises and oil this Mortgage�
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon thebuildings thereon in the sum of S 18 000 . 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 legal rate thereon from date of payment all of which Mortgagorliereby agrees topay;periiiitno waste on said premises; keep andcomply:
<br />with all the agreements and conditions of the Bond for S this day given by the said Mortgagor to said ASSOCIATION, and conlplv
<br />with all the requirements of the Constitution and By-Laws%�.�'jYRSSRIATION; then these presents sliall become null and void, otherwise tlie'y�
<br />sliall remain in full force and may be foreclosed at the option of tile 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 Mor.gagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any c . liange in ownership of the real estate mortgaged licrein� by sale or otherwise, then the entire remaining indebtedness hereby'
<br />secuied shall, at tile option of Tire Equitable Building arid Loan Association of Grand Island, Nebraska, become immediately due arid payable witholit,
<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 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 stims paid by said The -Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes �nd assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum.
<br />legal rate.
<br />As provided in tile Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sunis to the
<br />makers of said Bond, their assigns or successors in interest, which sunis sliall be within the security of this mortgage the same as the funds originally
<br />secured thereby, tile total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dated this I 7th day of November
<br />Au' st W. Mommen's
<br />"gu
<br />A D 19 75
<br />Loraine R. Mommens
<br />STATE OF NEBRASKA, ss. On this 17th day of November 1:9 75 beforeme,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />August 1-1. Mommens and Loraine R. Mommens, each in his and her who are' personally known to
<br />own right and as spouse of each other
<br />me to be the identical person S whose name S affixed to the above instrument as mortgagorS 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 >/
<br />Notary Public
<br />3-73-2M CEPIERAL NODIRY - state of flefir.
<br />JANIES W. oi.Sopj
<br />i t4Y Canun. Up. Nov. 12, 1979
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