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86- 103186
<br />MORTGAGE LOAN NO. _L _r —_
<br />KNOW ALL MEN BY THESE PRESENTS: That Victoria R. Meyer, a single person,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty Thousand and no /100 �`� �- -- - ---- -- ��.���- DOLLARS
<br />loaned to said modpillor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 200 shares of stock of
<br />aid ASSOCIATION, Certificate No. L 24,515 , do hereby grant, convev and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County. Nebraska-
<br />Lot Nine (9) Block seven (7) , Boggs and Hill's
<br />Addition to the City of Grand Islarldr Hall
<br />County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached Moor 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 th,- Lend secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of 5 20 r 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to comnnii or permit any waste on or about said premises;
<br />In case of default in the performance of any of the tern> and conditions of this mortgage or the bond secured hereby, the mortgagee shalt,
<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 same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repair
<br />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; then: rights of the mortgagee may be 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 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 alt 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 5 20, 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 S20 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and Bylaws 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 after failure for three months to make any of said
<br />payments or be three months in arrears in making said monthly payments, of 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 wittwut
<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 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 sane as the ft aids originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dated this 11 th day of June A. D., 15 86
<br />victoria yer
<br />STATE OF NEBRASKA, ss. On this 11th day of June 1986 before tee,
<br />COUNTY OF HALL
<br />E the undersigned, a Notary Public in and for said County, personally time
<br />Ih•• Vi.sctoria R. Meyer, a single person, who is personally known to
<br />me to be the identical person whose name is affixed to the above mstttt nent as ortgagot and she se-wraily
<br />acknowledged the said instrument to be her voluntary act and deed.
<br />WITNESS my hand and Notarial Seat the date aforesaid.
<br />My Commission expires
<br />167aL14 RI
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