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101196
<br />MORTGAGE
<br />MORTGAGE LO.kN NO- L 24,470
<br />XNM Ali MEN BY THESE P;RF- iEW"'S: The Dennis A. Gebers and Cindy M. Gebers, each in his and
<br />bar own right and as spouse of each ether, Mpg, whether one or snore, a mmaderatme, or the seen of
<br />Edw Cir rtiaotsamd F1W BMWMci and n11
<br />in in ed se said ttmsetpaot by 71c F lustabie BuWang mud Lam Amr-ciatittat of CYaasd Island, Nebradea, Morrgare. tpna 265 Avues of mock of
<br />aid ASSOCIATMN, iCestificate No. L 24,470 . do hertbY Bad, airtnn' and nnwteage unto the slid ASSOCIATION the fnaawisg
<br />6=M*ed send estate, Sisratad in hail Corsrtty, W+92"7
<br />All of Lots Two (2) and Three (3), except the .southerly
<br />Thirty Three (33) , Feet of the Westerly TK-anty Five (25) feet of
<br />Lot U=ee (3) , all in Bltrk Six (6) , ciE the Original fawn,
<br />now City or Grand Island, Hall County, Nabrasica.
<br />toplether with all the tenements, herrdi +laments and appurenances thereunto hekrngm.g. inchiding attached flour coverings, all window screens,
<br />window shades, blinds- Acorn windows, xwrings. heating, air conditioning, and plumbing and water equipment and accessories thereto. pumps ;stotss,
<br />m fripmors -and other fixtures and cquipmemi now or hereafter attacdxd to Or used in connection with said real estate_
<br />Add whereas the said texxtgagos has agreed and does ittreby, agree that the mortgasvx stall and will pay all taxes and assessments kviell a
<br />a upon said premises and upon this mortgage and Lire bond secured thereby before the sane shall become delinquent; to furnish approved
<br />imawtsnce uprin the building on said premises situated in the sum of S 261500.00 payable to said ASSOCIATION and to definer to said
<br />ASSOCIATION the policies for said msursm e; and .tot to commit or permit rtr v waste oil Or about said premises;
<br />In caw Of default in the perftxmance of any of the term, and conditions of this mortgage or the bond secured hereby- the murtsape aniH.
<br />on demand, be entity to immediate possession of the mton,4xged premises and iite mortgagor hereby assigps, 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 idiell mum
<br />unpaid; and the mruorippm shall have the power tO appoint any agent or agents it may desire for the purpose of repairing said ptemuim and resting
<br />the sane and ailkxting the rents. reventmcs and income, and it may pay- out of said income all cxpenes of repairing said premises and meceswry
<br />a+nunizaionx and expenses incurred in :entiag and managing the Serra and of colkcTutg rentals Therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness :: hew rights of the rntc rtgagm may he exercised at any time during the existrnoe of such
<br />default, irrespective of any temporary waiver of the sarrtc.
<br />These Presents, however, are upon the Condit ton, That it file said Mortgagor shall repav said loan on m before the maturity of said shares by
<br />payment: pay monthily to said ASS4XiATION of the sum specified in the frond secured hereby as interest and principal on said icon, on or before
<br />the Tvxnt eth day of each and even• month, until said loan is frilly paid; pay all-taxes and assessments levied against said premises and On this mortgage
<br />and the Bond secured thereby, before delinquency: famish approved inwranc a upon the buildings thereon in the sum of S 26, 500.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION uprose demand all mtstey by it paid for such taxes, assessments and insurance with interest as
<br />the maximum legal rate therem from date ai payment all of which Mortgagor hereby agrees TO pay. permit no waste on said premoes;teep and annoy
<br />with all the apeenertts and conditions of the Bond for S 26 1500.00 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 shsal become 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 duce months to mate any of said
<br />payments or be three months in arrears to making said Tmsndtly payments, or to keep and comply with the agreements and conditions of aid Wicid;
<br />and Mortppt6ra agrees to have a receiver appointed forthwith in such f cueckisurc proceedings
<br />If their is any Change in owneuship of the real estate mortgaged herein, by sale or otherwise, then the entire remaining mdebtedam hereby
<br />mewed Judi, at the option of The Equitable brulding and Loan. Association of Z' rand Island, Nebraska, become immedistely due and payable without
<br />further notes, and the amount remaining due under said bond, and any other bond for any additional advances made thercundet. shall, From the
<br />due Of exercise Of Said optwn, bear interest at the teaximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />boad,and any tither bond for additional adrAnces, together with all sums paid by said The Equitable building and Loan Association of Grand Island,
<br />Nebraska for srmauanc e. taxes and assess vents, and abstrauing extension -char-M%, with interest :hereon, from date of payttteat at the resitunum
<br />legal rim.
<br />As pamided in the BOrad secured 'hereby, while this mortgage rzrmuns in er7eo the mortgagee may hereafter advance additional sums to the
<br />maters of said Board, their a vag s or successors in :nitzew, which norm shall be within rite security of This mortgage the sane as the funds originally
<br />secured thereby. the TOW amount o; principal deist rn :t to exL ,J at any 'line the original amount of this mortgage.
<br />Listed the /7tra day of Marc.., 4. 1)., 1a 86
<br />' j . 1V2
<br />Cindy M Gebers
<br />STATE C !vF :IIRASKdI. w. Oil true 'tn arch lg 66 - befcue me.
<br />CxICR+ W [ hIAA I
<br />tine aatdcrstrrtcc, a Notary Public in Mad few sad County, unty, persisally came
<br />Dennis A. Gebers and Cindy M. G?bers, each lri his and her town right wha a m s spouse tkne�nac2�
<br />other,
<br />aat ta> be the it mitsca3 pratr,v g w :tip :rare nar<ae g are, r :� tart a'� :�v< �n- .;lrurtrc-,71' n- sp„'4' S arid tjy-,y :rally
<br />ade:.aow lire said olaisallco; tc' he thel:r y,!Untad t Wad ,hest
<br />rA9T1l 5's dry r,at.,s watt %o, htsa'• yra.' -,ht date a;--t�o
<br />xw. seamy 11 a
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