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<br />I
<br />
<br />MOInGAGE
<br />
<br />88- 101918
<br />
<br />MORTGAGE LOAN NO. L 25.0 I 3
<br />
<br />ADD'L.
<br />
<br />KNOW ALL MEN BY THESE PRESENTS: That David A. Boerkircher and Ginger M. Boerki rcher. each in
<br />his and her own right, and as spouse of each other,
<br />
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Eleven Thousand and no/IOO -------------------------------------------------------OOLLARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon I 10 shares of stock of
<br />said ASSOCIATION. Certificate No. L 25,0 13 ADDL, do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County. Nebraska:
<br />
<br />Lot Ninety Eight (98). Buenavista Subdivision, in the City of Grand Island, Hall County,
<br />Nebraska,
<br />
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging. including allached 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 connel'tiun with said real estate.
<br />
<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 1 1 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit' any 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 pos~essior. of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mort~agee 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 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 remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time duri"'~ the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />
<br />These Presents, however, are upon the Condition, That if the said Mortgagor sha!! 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 Otl this Mortgage
<br />
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S I I .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 alJ of which Mortgagor hereby agrees to pay: permit 110 waste on said premises; kecp and comply
<br />
<br />with all the agreements and conditions of the Bond for $ 11,000.00 this day given by the said Mortgagor to said ASSOCIA nON. and comply
<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 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 forthwith 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 />sccured shall, at the optio1l of The Equitable Building and Loan Association of Gralld Island, Nebraska, becorr.e 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, 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 maximum
<br />legal rate.
<br />
<br />As provided in the Bond secmed hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond,their assigns or successors in interest. which sums 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 />
<br />Dated this 13th day of
<br />
<br />4# c1 5~i~
<br />~~ . Hoer~~ 'k -
<br />~<#. ~ lA/ #
<br />Gi er M. Boerkircher
<br />STATE OF NEBRASKA, f
<br />ss.
<br />COUNTY OF HALL
<br />
<br />April
<br />
<br />A. D., 19 88
<br />
<br />On this
<br />
<br />13th
<br />
<br />day of
<br />
<br />April
<br />
<br />1988
<br />
<br />, before me.
<br />
<br />the undersigned. a Notary Public in and for said County, personally came
<br />David A. Boerkircher and Ginger M. Boerkircher, each in his and
<br />who are personally known to
<br />,her own right, and as spouse of each other --7
<br />me to be the idenllcal person s whore name s a re affixed to the above inst~urii;;lt as 11 rtgagor S and they severally
<br />
<br />acknowledged the said instillment to be their voluntary act and deed, ,,' ///')
<br />WITNESS my hand and Not~rial Seal the dote aforesaid, (,' ~ . ,.i./,.. ~/
<br />
<br />My COtllluinio\1 expires <? / /' / J r \ ~r~-~'7 ~~~- /."
<br />
<br />"'M" fl;i:<<.] ,~/ .. //h "'-'-~N;i.t:~--
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