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2
<br />MORTGAGE
<br />$7- 101$51
<br />f MORTGAGE LOAN NO. L 24,753
<br />1 KNOW ALL MEN BY THESE PRESENTS: That Robert S. Bemis and Lori C. Bemis, each in his and her
<br />a /k /a Laura C.Bemis
<br />own right and as spouse of each other, Mortgagor, whether one or mote, in cons'dcration of the mar of
<br />Fifty -Three Thousand Eight Hundred Sixty -One and 42/100------ _ - - -e -_ --__iBOtr.RS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 539 sham of stock of
<br />said ASSOCIATION. Certificate No. L 24, 753 do hereby grant, convey and mortgage unto the said ASSOCIATION the foam
<br />wirg
<br />1 desrnbed real estate, situated in Hall County, Nebraska:
<br />Lot Eight (8), in Block Sixty (60), in Wheeler & Bennett's Addition
<br />to the City of Grand Island, Hall County, Nebraska,
<br />together with all the tenements, hereditaments and appurtenances thereinto belonging, including attached floor coverings, all window screens.
<br />window nudes, blinds, storm windows, awnings, heating, ac conditiotring,and plumbing and water equipment and accessories thereto,pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in correction with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will
<br />pay all taxes and assessments levied at
<br />assessed upon said premises and upon this mortgage and the bond segued thereby before the same shag become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of $ 53, 861.42 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any wave on or about said premises;
<br />In qx of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mcrtgWe shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and srs over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebted sha$ tesnain
<br />unpaid; and the mortgagee shall have the power to appoint any Agent or amts it may desire for the purpose of repatring said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said prtem- and neicaary
<br />oommiaions and expenses incurred in renting and managing the saute and of eoneditg rentals therefrom; the balance ressaunoog, if ashy, to be
<br />applied toward dw discharge of said mortgage indebtedness; these tights of the mortgagee may be exercised at any time during the existence of web
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition. That if the said Mortgagor shaft repay said loan on or before the maturity of said sham by
<br />payment: pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said lim, 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 />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildrgt thereon in the sum of S 53, 861.42 paivable
<br />to said ASSOCIATION: repay to said ASSOCIATION upon dermand ail nroocy by it paid for such taxes, assessments and insurance with raevest at
<br />the maximum legal rate thereon from date of payment all of which Mongagor hereby agrees to pay, Peron no wave on said in. keep and comply
<br />with aft the agreements and conditions of the Bond for s 53 r 861.42this day given by the said Mortgagor to said ASSOCIATION. and comply
<br />With all the requirements of the Constitution and Bv-h.aws 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 afar failure for three months to retake 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 renditions of said Bernd;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreckisure proceedings-
<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 opt ion of The Equitable Building and Loan Association of Grad Island.. Nebraska, become lately dire and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thergwder, shall. from the
<br />date of exereu of said option, bear interest at the maximmn legal rate, and this mortgage may then be foreclosed to satisfy the amount due on aid
<br />bond, and any other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Isimd.
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the muiamtm
<br />legal rate,
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee 'tiny 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 as= as the fwdr, originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgagee.
<br />;pr)tad this r 25th % day of March A. D., 19 87
<br />Ro LC tatti��
<br />�t.�.�..i✓�
<br />Lori C. Betnis a t a Laura' '61 is
<br />STATE IiNTY OF HALL
<br />Of NEBRASKA, ss
<br />CO . On this 25th day of March 14 87 ,before me,
<br />the undersigned, a Notary Public in and for said County, personally tame
<br />Robert S. Bemis and Lori C. Beinis, each in his and her awn right a nas spouse of gachi
<br />other, are personalty known to
<br />me to be the identical perarin S whose name s are affixed to the above instrument as mortgagor S and they severally
<br />aarumtedged the said ustnorwrit to he tJ'seir voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the elate aforesaid. ,
<br />My (bmanssion expires,.,
<br />to III aM sir allttYl trOfa/t +sm.a awasift - Notary Public
<br />,hOANNE G RGUgM
<br />' Gorrry isit fbr 25, 19M
<br />I
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