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<br />MORTGAGE
<br />
<br />88-
<br />
<br />101273
<br />
<br />r
<br />
<br />MORTCAGE l.OAN NO. L 24995
<br />
<br />KNOW ALL MEN BY TIfFSI' I'RESENTS That
<br />and her own right, and as
<br />
<br />Craig A.
<br />spouse of
<br />
<br />Beers and Tammy D. Beers, each
<br />each other,
<br />
<br />in
<br />
<br />his
<br />
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Six t e e_~_ T h <?_ll san d _~~<!~_~~Q..~=-==. =_=-=-=--=-=--=-=. - - - - - - - - - - - - - - - - - - - - - - - - - 1>OLLARS
<br />
<br />loaned to said mortgagor by The Equitable Build:ng and Loan Association of Grand Island, Nebraska, Mortgagee, upon I 6 0 shares of stock. of
<br />said ASSOCIATION, Certificate No. L 24995 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in lIan County, Nebraska:
<br />
<br />Lot Four (4),
<br />City of Grand
<br />
<br />in Block Nineteen (19), in H. G.
<br />Island, Hall County, Nebraska.
<br />
<br />Clark's Addition to
<br />
<br />the
<br />
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including all ached 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 allached to or used in connection with said real estate.
<br />
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and win pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and (he 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 1 6 , 000 . 00 payable 10 said ASSOCIATION and to deliver to :!aid
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mOltgaged 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 shall remaL'"
<br />unpaid; and the mortgagee shall have the power to appomt 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 payout 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; the balance renpining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />
<br />These Presents, however, arc upon the Condition, Thar if the said Mortgagor shall 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 hereby 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 assessments levied against said premises and on this Mortgage
<br />
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S I 6 , 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 frum date of payment all of which Mortg~gor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />
<br />with all the agreements and conditions of the Bond for S 16,000. this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the COllstitution and By.Laws of said ASSOCIATION; then these presents shall become nuil and void, otherwise they
<br />shal1 remain in full force and may be foreclosed at the option of lhe 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 Mortgagor agrees to have a receiver appointed furthwith in such foreclosure proceedings.
<br />
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, 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 />further notice, and the amlllJllt remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest althe 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 assessmcnts, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />
<br />As provided in the Bond secured hercby, while thIS mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their a~igns or successors in interest, which sums shall bc within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt not 10 cxceed at any time the original amount of this mortgage.
<br />
<br />A. D., 1988
<br />
<br />
<br />r--
<br />
<br />Tammy D. Beers
<br />
<br />STATE OF NEBRASKA,l ss.
<br />COUNTY OF HALL ~
<br />
<br />On this 16th
<br />
<br />day of
<br />
<br />March
<br />
<br />19 88 ,before me,
<br />
<br />IlHII-ZM HI
<br />
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Craig A. Beers and Tammy D. Beers, each in his and her
<br />own right, and as spouse of each other, w~
<br />me'to be the identical person s whose name s are affixed to the above instrument as mortgagor S
<br />
<br />acknowledged the said instrument to be the i I' voluntary ac( and deed. .'....'7
<br />WITNESS my hand and Notarial Seal the datc aforesaid.
<br />
<br />My Commission expires / / - J 6- .?" l' '. ~ . !.'J//
<br />7-.t ~(:' )'/}/ <'.':
<br />
<br />A GUWlAl IOTlftY - Sill. tl Nt~r..h
<br />f'\..., JOANNE G. ROUSH
<br />'_c '. ., P.'. CtJmm Exp '10. 25, 1989
<br />
<br />are
<br />
<br />personal1y known to
<br />
<br />J
<br />.1
<br />
<br />L
<br />
<br />and
<br />
<br />they
<br />
<br />severally
<br />
<br />~
<br />!"
<br />~
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<br />
<br />)
<br />(~ ~.-K e t<:;.J7v..___ u_
<br />Notary I'ublic
<br />
<br />(.
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