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<br />)RTC,AC.p l OAN NO. H1 866 vjjA
<br />KNOW ALL MEN BYTHFSEPRVSFNTS:TIatt Gerald R. Baumer and Jeannette M. Bate r, each in his and
<br />her own right, and as spouse of each other,
<br />No of
<br />Thirty Five Hundred and no/ 100 M ,whettetaaotaame after
<br />DOUAN
<br />Imanal to mid weiriplims by The F.qultable Building and loan Ansiciatiorn of Grand Island, Nebrailta, Mortgages. upon 35 dwo of otack of
<br />mi! ANWATION, Cettiflatto No. 11 866 FHA , do hereby grant, convoy and mortgep auto the am ASSOCIATION tau following
<br />scial ,elate, Atwtad in Hail County, Nebraska:
<br />All of the South Fifty —Six (S. 56') of the West One —Half (W�) of Block Ten (10) of
<br />Pleasant Home Subdivision, of part of the East One —Half (E'*,o) of the Southeast Quarter (SEh)
<br />of Section Twenty —One (21) in Township Eleven (11) North, Range Nine (9), West of the 6th
<br />P.M., now City of Grand Island, Hall County, Nebraska.
<br />together with all the tenements, hereditanents and appurtenances thereunto belonging, including attached floor comings, all window soxeero,
<br />window mss, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, putting, stoves,
<br />Mfrigaratas, utd otter 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 assommersts levied or
<br />ameswd upon said premises and upon this mortgage and the bond secured thereby before the same dull become dah"tiont; to fundsh approved
<br />iowm= upon the buildings on said premises situated in the sum of 3 3,500.00 payable to said ASSOCIATION and to deliver to aid
<br />ASSOCIATION the policies for said insurance; and not to commit or permut any waste on or about said !remises;
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the modipipir smell,
<br />an demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over tojthe
<br />s cidgsgoe all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness dtall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it tiny desire for the purpose of repaving sad premises and rants
<br />the >•mme and collecting the rents, revenues and income, and it may pay out of said income aB expenses of repaving said premiere and swoomty
<br />commiukms aid expenses incurred in renting and managing the sortie 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 during the existence of nu*
<br />Wasik, vrespective of any temporary waiver of the issue.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said dotes by
<br />poymem; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said but, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and asoc:aments levied against said premises and an this Monger
<br />and the Bond waited thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sump of s 3,500.00 payable
<br />to mead ASSOCIATION; repay to said ASSOCIATION upon demand ail money by it paid for such taxes, assawnscrits and insurance with intend at
<br />the maximum {regal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said promisor. keep and comply
<br />with all the agreenernts and conditions of the Bond for $ 3,500. 00 this day given by the said Mortgagor to saki ASSOCIATION, and comply
<br />with all the requiremonts of the Constitution and Bylaws of said ASSOCIATION; then these presents slag become null and +road, otherwise they
<br />iqB remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to ate any of sad
<br />payments m be three months in arrears in snaking 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 />If there is any change in owerdtip of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedans hereby
<br />secured sholl, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further mites, and the amount retaining dote under said bond, and any other bond for any additional advances made thereunder, d a9, from the
<br />oho of exercise of sad option, beer interest at the maximum legal rate, and this mortgage may then be foreclosed to satsil'y the amount due on said
<br />bond, and any other bond for additional advances, together with all sums paid by said The Equitable Balding amp Lows Action of Grand Island,
<br />Nelarialso for insurimm, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />h*d rose.
<br />As in the Bond secured hereby, while this mortgap remains in effect the mortgagee may hereafter advance additional am to the
<br />molests of said Bond, they assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />wound thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />teal this 3 dayof November A. D., 1987 .
<br />a �r
<br />tint t�- Saumer
<br />STATE OF NUMItASKA, x. On this da
<br />COUNTY OF HAl [ 3rd y of November 19 87 re,
<br />ale umW a otary Public in -rid for said County, coo
<br />Gerald R. Baumer and Jeannette M. Baumer, each in hi afitl
<br />her own right, and as spouse of each other, who are positionally ksowato
<br />wed be the wissawal Panama whiminmeu are affixed to the above ingiu ent sis mortgagor s and thtoy vvinaft
<br />adsawkdpd the saw t to be their voluntary act and
<br />my hiond and NcHSaid 7 the date ofo j 7 / 19 P
<br />My Cosswashasion mmm at kxe rt 1Mnas '�� Notary
<br />JOAl 0, pt(llM
<br />ar f fsp, m !
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