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87— 166646
<br />MORTGAGE _
<br />MORTGAGE LOAN NO. L 24,938
<br />1 KNOW ALL MEN BY THESE PRESENTS: That Robert L. Nazarenus and Mary L. Nazarenus, each in his
<br />and her own right, and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the stmt of '
<br />Sixty Five Thousand and no /100 ---------------------------------------- ----- - -- - - -- DOLLARS
<br />Masted to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 650 slams of stock of
<br />sid ASSOCIATION, Certificate No. L 24 r938 do hereby grant, compy and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Sixteen (16), Block One (1), in Brentwood Subdivision, in the City of Grand Island,
<br />Hall County, Nebraska,
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, an 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 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 thereby before the same shall become delinquent; to furnish approved
<br />inRSance upon the buildings on said premises situated in the sum of S 65 ,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 />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 possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the tents, revenues and income to be derived from the mottgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent sir agents it may desire for the purpose of repairing said premises and renting
<br />the shoe and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />commissioris 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 during the existence of Rich
<br />default, irrespective of any temporary waiver of the same_
<br />Thew Presents, however, are upon the Conditrsn,'fhat 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 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 on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 65 , 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 />with all the agreements and conditions of the Bond for S 65 ,000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then these presents shall became 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 />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 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 for any additional advances made thereunder, stall, 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 />boad,and any other bond for additional advances, together with all sutras paid by said The Equitable Budding 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 />kyd rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />maken of said Boml, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the fonds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />this y9th day of November A. D.. 19 87 .
<br />n-r-�-
<br />rt L. Nze " s
<br />Mary L. aza enus /'
<br />STATE OF NEBRASKA, I On this 9th dot of November 1987 before me,
<br />COUNTY OF IIALL y
<br />the undefstgned, a Notary Public in and for said County, personally came
<br />L Robert L. Nazarenus and Mary L. Nazarenus, each in his and her own
<br />right, and as spouse of each other, who are personally known to
<br />ma to be the identical persons whose name s are affixed to the above onsrrurt_wQt as mortgagor s
<br />acknowledged the said instrument to be their voluntary act and decd- i
<br />wITNEBS my !atop and Notarial Soap the date aforesaid
<br />My comma expires
<br />MT*zm as
<br />r� ,Public
<br />lYF10l.1
<br />and they severally
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<br />7
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