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MORTGAGE
<br />Filpil for recordl�__.11__�_.
<br />KNOW ALL MEN BY THESE PRESENTS: That Richard L. M6rler
<br />her own right and ascspouse of each other, NJ rtgal
<br />i
<br />Twenty-four Thousa.nd.Eight Hundred and No/100. ------
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Isla ld,.N
<br />said ASSOCIATION, Certificate No. L 21 897 do hereby grant , co, rive 1,arid
<br />described real estate, situated in Hall County, &ebraska: i
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<br />at-ilt 11 11. , in B o o� 7
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<br />Jea--a/Fisher, FieisLer of Deeds,
<br />Hall Comty,: Nebraska
<br />MORTGAGE LOAN No. L -21,897
<br />Cia �e!A-,�Marler, each:in his and
<br />,,or, ether one or more, in consideration of the sum of
<br />----------------------- DOLLARS
<br />eb.ra,ka, INIortgagee, upon 248 shares of stock of
<br />morigage unto the said ASSOCIATION the following
<br />LOT FIVE (5) IN BLOCK "D' IN PARKV EW�SUBDIVISION
<br />LOCATED IN THE NORTHEAST:QUARTER ( IE-'&O�JSECTION
<br />T14ENTY-NINE (29) AND THE NORTHWEST QUART R (NW -Q
<br />OF SECTION TWENTY-EIGHT (28)!, TOWN HIP.:iE EVEN (11)
<br />�P.4. NOW
<br />NORTH, RANGE NINE (9) WEST OF THE:VH',
<br />PARKVIE14 VILLAGE, HALL COUNTY, NEBIASKA.
<br />together with all the tenements, liereditaments and appurtenances thereunto belongii g'; in'ciud ng attached floor coverings,. all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing ind water' equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in co inedion �vith said'real estate.
<br />And whereas the said mortgagor has a
<br />,greed and does hereby agree that': the niongligor silaill and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby beft re the, sa'mel shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 24 800 . 00 . a abi said� ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit an 1 0 r� �o
<br />y waste oil ab ut said premises;
<br />In case of default in the performance of any of the terms and conditions of this n ortg�gc or the; bond secured hcreb�, the mortgagee shall,
<br />' on demand, be entitled to ininiedia . te possession of the mortgaged premises �and the ii l'ortgagorl hereby assigns, transfers �and sets over to the
<br />mortgagee all the refits, revenues and income to be derived from the mortgaged premises during st chl time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee sliall have the power to appoint any agent or'agents� it may de 11
<br />-ire for tlielpurposc of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it inay pay out of said inco e all� e\,pdrise� of repairing said p�emises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collectin renials the'refrom',' the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgage may be 'exercised at any time durinj the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are u'
<br />poll the Condition, That if the said Mortgagor sliall r pay �said�lolan on ci before the that4rity of said share's by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in ilie Bond secured 1� hereby as inteicst and principal on �aid loan, oil or before
<br />the Twentieth day of each and every.month, until said loan is fully paid; pay all taxes andall levied against said premise's and oil this Mortga'ge
<br />ed in�urancq upon the bbilding's thereon
<br />and the Bond secured thereby, before delinquency; furnish approv I ill tile sum of S 24 800. 00 'payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by, it pai� �or 'such tdxes', as's6ssments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby 3gre( 11 s to 'pay; I ermit no waste on said prej�iscs; keep and comply
<br />p
<br />with all the agreements and condition's of the Bond for S 24 800. 00 this day given L the ��ai( 1), ortgagor to said ASSOd'IATION, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then,t iese presmits shall become null and void, otherwise they
<br />sliall remain in full force and may'be foreclosed at the option of the said ASSOCIATI DN 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 an I comply with tlic!,,igreem6nts and cdnditions ofsaid Bond;
<br />.and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proccedin�L.
<br />If there is*any change in owneirship of the real estate mortgaged herein, by sale or ��tlicr . wise then' the entire remaining ind . ebtedness hereby
<br />secured sliall, at the option of The Equitable Building and Loan Association of,,Grand Isla I d,N&6rask become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond I o'nal advances made ther6under, sliall, from the
<br />and this mortgagg mav then ' e oreclosed to satisfy ti I ie amount due on said
<br />date of exercise of said option, bear interest at the maximum legal rate, , 1� r any addit
<br />bond, and any other bond for additional advances, together with all sums"paid by said Tliq Eq�ifabl , e uilding'and Loan Association'of-Grand Island,
<br />Ne , braska for insurance, taxes and assessments, and abstracting extension cliarg6s, with ilerest the'r om� from date of paynient at the maximum
<br />legal rate.
<br />b
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<br />As provid'ed in the Bond secured hereby, while this mortgage remains in effect th(i
<br />mortgagee�niay hereafter advance additional sums to the
<br />makers of said Bond, their assigns or'successors in interest, which sums shall be within the security 'ofl this mortgage the same 'as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any, time the originali �amount of tliis�rn6rigage.
<br />ated this 1 St day of
<br />December D., 1975
<br />Richard L. marler
<br />-C—( I e A. Marler
<br />STATE OF NEBRASKA, St
<br />ss Oil this I day of
<br />COUNTY Or HALL
<br />sigrij
<br />Richard L. Marler and'Carole A. Marler, each VW V"
<br />is a r.1
<br />each other,,
<br />me to be the identical person S whose na affixed to the above inst
<br />ficknowledged the said instrument to be t 0 ct and deed.
<br />WITNESS my hand a r' &hlqlt7 p o aid.
<br />% U)
<br />My Commission expi,
<br />C0,14MISSION
<br />EXPIRES
<br />3-73-2M
<br />P 7,
<br />OF �Z�l
<br />6>
<br />e 'ig 75 before me,
<br />,D cember
<br />d allotary Public i1i aTid for said County, personally camd
<br />d.ner own ri.gnt and as spouse of
<br />who are personally known to
<br />ument as mortgagorS and severally
<br />Notary Public
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