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86, 142430
<br />MORTGAGE
<br />(� ---- -` - - -- - - - --- MORT(. LOAN NO.
<br />I KNOW ALL MEN BY THESE PRESENTS: That Alvin H. Reimers and Resetta E. Reimers, each in his
<br />and her own right and as use of each Other, Mortgagor, whether one or more, in consideration of the sum of
<br />Fourteen TYtousand Eiaht Hturlred artd --- - -- --- -- - - -- -- ----- ------
<br />loaned to said mortgagor by The Equitable Building and Loran Association of Grand Island, Nebraska, Mortgagee, upon 146 shoes of stock of
<br />said ASSOCIATION, Certificate No. L 24,491 , do hereby grant, convey and mortgage unto the said ASSOCIATION the folhrwing
<br />described real estate, situated in flail County, Nebraska:
<br />The Easterly Thirty Nine (39) feet of Lot Fifteen (15) and
<br />the Westerly Twenty Two (22) feet of Lot Fourteen (14)
<br />in Block Three (3) in Blain addition to the City cf Grand
<br />Islam, Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all 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 />insurance upon the buildings on said premises situated in the sum of S 14, 800.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; _nd not to commit or permit anv waste on or about said premises;
<br />In case of default in the performance set any „r 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 rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall 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 renting
<br />the saute and collecting the tents, 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 remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may he exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition. That if the said Mortgagor shalt 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 :very 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 dehnquency; furnish approved insurance upon the buildings thereon in the sum of S 14, 800.00 payable
<br />to said ASSOCIATION; repay to said ASS()ClATION upon demand all money by it paid for such faxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment Al of which Mortgagor hereby agrees to pay; permit no waste on said premises;keep and comply
<br />with all the agicernents and conditions of the Bernd for S 14 500.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -taws o1said ASSOCIATIUN; 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 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 lquitable 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, shall, 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 />bond, and any other bond for additional advances, together with all sums paid by said The Equitable Building 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 />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additiumd sums to the
<br />makers of said Band, their assigns or successors in interest, which sums shall be within the ecurily of this mortgage the same as the funds 'originally
<br />secured thereby, the total amount of principal debt not in exceed at any nmc the original amount of this mortgage.
<br />Date his 6t, Y-- May A. n.. 11t 86
<br />141
<br />ei��iners - --
<br />STATE Of- NEBRASKA, ss, On this 6th day of May 19 80)efore me,
<br />COUNTY OE IIALL
<br />the undctsigned, a NOtat1 i'llb1 c fit and tut Bald County, Mutually carte
<br />Alvin Ii. Reimrs and Rosetta E. Reimers, each in his ant (ter owtl
<br />i
<br />51ight and `I
<br />a nl 1. con to
<br />of each ocher, 31Ti
<br />4
<br />me io be tow identical perscm s whose name 9 are alhxed lo the above unt'u neat a} ol ... 1pgnt S sod 0*2y severally
<br />h
<br />acknowledged ilic old msonnient to lie tlx: it voluntary act and deed
<br />icohl
<br />WIT NI-Ss rev hand and Nntulfal Seal flit! date atw"id-
<br />My Ctanmestau. etipue...�r'
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