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<br />MORTGAGE
<br />
<br />88-
<br />
<br />103591
<br />
<br />MORTGAGE LOAN NO. L 250BO
<br />
<br />I
<br />
<br />KNOW ALL MEN BY THESE PRESENTS: That
<br />
<br />Carol A, Roepke, an unmarried person
<br />
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Thirteen Thousand and nollOO ----------------------------------------OOllARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon I 30 shares of stock of
<br />said ASSOCIATION, Certificate No. L. 25080 ,do hereby grant, convey and mortgage unto the said AS~OCIATION the follOWing
<br />described real estate, situated in Hall County, Nebraska:
<br />
<br />The Southerly One-Half (si) of Lot Five (5), in Block Fourteen (14), of
<br />Baker's Addition to the City of Grand Island, Hall County, Nebraska,
<br />
<br />together with all the tenements. heredltllffients and appurlenances thereunto belonging. 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 hereaner 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 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 $ I 3 ,000 ,00 payable 10 said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; amI not 10 commit or permit any wasle 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 tnOngllCe shall,
<br />On demand, be entilled 10 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 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 aU expenses of repairing said premises and necesruy
<br />commissions and expenses incurred in renting and managing the same and of collecting reol3l. therefrom: the balance remaining. if' any. to be
<br />applied toward the discharge of said mortgage indebtedness; these righls 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, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity oC said shares by
<br />payment; pay monthly 10 said ASSOCIATION of the sum specified in th= Bond secured herehy 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 3 , 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 Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />
<br />with all the agreements and conditions of the Bond Cor S I 3 , 0 0 0, this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requitements 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 Coreclosed 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 heftily
<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 amount remaining due under said bond, and any other bond Cor 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 secured 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 originaIly
<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 5th day of July A. D., 19 88
<br />
<br />C. t1.~--I 0 ~:r-/.
<br />Carol A, Roepke
<br />
<br />'i~
<br />
<br />8T ATB OF NEBRASKA, f
<br />SlI.
<br />COUNTY OF HALL
<br />
<br />On this 5 th
<br />
<br />day of
<br />
<br />July
<br />
<br />19 88 , beCore me,
<br />
<br />the undersigned, a Notary Public in and for said County, personally came
<br />
<br />Carol A, Roepke,
<br />
<br />an unmarried person
<br />
<br />who i s
<br />
<br />personally known 10
<br />
<br />me 10 be the idenlicaJ person
<br />
<br />
<br />whose name
<br />
<br />..""raUy
<br />
<br />~,I,aM RI
<br />
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