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<br />8i-y 101594
<br />MORTGAGE - See L 22,235
<br />MORTGAGE LOAN NO. L 24,751 Add' 1.
<br />KNOW ALL MEN BY THESE PRESENTS: That Lyle C. Flebbe and Jeanette P. Flebbe, each in his and
<br />her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of do stain of
<br />Sev�nter�n Thnit_ nd rtes Wolf pp_�__� �_ M
<br />Maned to said mortgagor by The Fquitabk Bolding and I wan Association of GtaW fit". Nebraska, Mortgagee, upon 170 shares of stack of
<br />said ASSOCIATION, Certificate No. L 24,751 , do hereby grant, convey and mortgage unto the said ASSOCIATION the foAowisig
<br />described real estate, situated in Hall County, Nebraska:
<br />The Westerly Fifty-Four and Thirty -Seven Hundredths Feet (54.37') of
<br />Lot Nine (9) and the Easterly Fifty -Four and Seventy -Six Hundredths
<br />Feet (54.76') of Lot Ten (10), in Dean's Subdivision in the
<br />Southwest Quarter (SW'k) of Section Three (3), Township Eleven (11)
<br />North, Range Nine (9), West of the 6th P.M., Hall County, Nebraska,
<br />together with all the tenements, hereditartents and appurtenances therzun ;ta bekrng ing. including attached floor coverings, an window xmns,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning. and plumbing and water equipment and accessories thmto,pim[ps,stoves,
<br />refrigerators, and other fixtures and 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 shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thmebv before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 17, 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or pernot any waste ;,n or about said premises;
<br />In rase of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shag,
<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 a-nd intone to be derrved from the mortgaged premises during such tithe as the mortgage indebtedness shag 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 rent*
<br />the same and 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: the balance rem, if arty, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mo€ttAiew may be exercised at any time during the existenee of sash
<br />default, irrespective of any temporary waiver of the same -
<br />These Presents, however, are upon the Condition. That 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 to the Bond secured hereby as interest and principal on said Man, on or before
<br />the Twentieth day of each and every month, until said loan is fully p aid; pay all taxes and assessments levied aghast aid poremises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the bunk ings thereon in the sum of S 17, 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it pad for sties taxes, assessments and insutamz with interest as
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay' permit no waste on aid premises; keep and comply
<br />with all the agreements and conditions of the Bond for S 17, 000.00 this day given by the said Mortgagor to said ASSOCEA71ON and dimly
<br />with all the requirements of the Constitution and BY of aid ASSOCIATION; then these presorts �lnag become nug and vsici, 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 mate any of said
<br />payments or be three months in arrears in making said monthly payments, or to keep and comph with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceeding_ - -
<br />If there is any change in ownership of the real estate mortgaged herein, by ale or otherwise. than the entire remain* indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Isianri_ Nebraska, become 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 thetemder, aban, from the
<br />date of exercise of said option, bear interest at the msxitontn legal rate, and this mortgage may then be foreclosed to satisfy the amount dui tam said
<br />bond, and any other bond for additional advances. together with all swan paid by said The Equitable Building and Loan Association of Grind Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the ttstm -
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgage may hereafter advance additional sums to the
<br />makers of said Bond. then assigns or successors in interest, which rums shall be within the security of this morga(gc the same ss the funds oripmgy
<br />secured thereby, the foal amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Aaw this 18th day of March A. D., 14 87
<br />F1 j
<br />Je Flebbe
<br />STATE OF NEBRASKA, ss On this 18th day of March 19 87 ., before the,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />LytlerC. Flebbe and Jeanette P. Flebbe, each in his and her own right and as spouse of each
<br />me lobe the identical inn S are personally known to
<br />person whose name s are affixed to the above irustrument as mortgagor S and they seve rally
<br />acknowledged the said instrument w he t}Seir voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the date atmessid.
<br />My Commtunon evpurs'1 19 ?� `
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