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86-- 103505
<br />MORTGAGE See L 20,788
<br />MORTGAGE LOAN NO. L 24,538
<br />KNOW ALI, MEN BYTHFSEPRESFNTS:That Herbert V. Roeser and Emilie Roeser, each in his and
<br />her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the stem of
<br />Forty —S.x Thousand and n_o/ 100 --------------------------------------------------- ----il )LLARS
<br />Toasted to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 460 shares of stodt of
<br />said ASSOCIATION, Certificate No. 1_ 24,538 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, Situated in Hall County, Nebraska:
<br />Lot Twenty -Three (23) and Lot Twenty -Five (25), in Block B
<br />of Parkview Subdivision, City of Grand Island, Hall County,
<br />Nebraska,
<br />together with all the tenements, hereditamems end appurtenances thereunto belonging. nactudmg attached Floor coverings, all window screens,
<br />window shades, blinds. storm windows, awnings, heating, au c riditiouang,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 assessments levied or
<br />assessed upon said premises and upon this atortgape and the bond secured thereby before the same shall become dehn ,v ,At. to furnish approved
<br />insurance upon the buildings on said premascs situated in the sum of s 46 r 00O.00 payable to said ASSOC'IAII 1N and to deliver to said
<br />ASSOCIATION the policies for said insurance, and not to c•-tnmit ter permit any waste on set about said premises,
<br />In cast of default rn the pertofmanix of any of the terms and conditions of this mortgage or the bond secured :ereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, tsar r end sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such tune as the mortgage tnuebtedness shall remain
<br />unpaid: and the mortgagee shall have the ptrwcr to appoint any agent or agents a may desire fin the purpose of repaving 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 repairing sad premises and necessary
<br />comanissions and expenses incurred in tenting and managing the same and rat collecting irutals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness, these rights of the rnurtgagce 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 C'ondvion,'I'hat if the svd Mortgagor shall repay said loan on ur before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the fond seined hcrebv as interest and principal on said loam, nn or before
<br />the Twentieth day of each and every r ninth until said loan is fully paid. pay all taxes and assessments levied agamst said premises and on this Mortgage
<br />and the Bond secured thereby, before detinqutacy. . f umish approved msurante upon the buildings thereon to the sum of S 46 , 000 .00 payable
<br />to said ASSOCIATION, repay to said ASSOCIATBIN upon demand all money +oy it paid tin such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all or which Mot tgagur hereby agrees to pay; penmt no waste on sand premises; keep and cumply
<br />with all the agreements and conditions of the Band for S 46 , 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the C tinstitutton and By -laws of said ASS(WiA'r10N, then &se presents shall become null and void, otherwise they
<br />shall remain in full force and stay toe foreclused at the option of the said .VCSOCIAIION after failure for three months to make any of said
<br />payments ur be three months to arrears in inakmg, said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointer! forthwith In such foreclosure proceedings.
<br />H there is any change to ownership of the real estate mortgaged herein, ny sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Fquitabie Building and Loan Association of ( ;rand island, Nebraska, become immediately due and payable without
<br />further notice, and the amount reirnuurng due under saran bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear severest at the maxmrunr legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />ttund,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 Abstractng ertettsoun charges, with Interest thereon, Crum date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while shks mortgage ferriams to effect the mortgagee may hereafter advance additional sums to the
<br />maken of said Bond, their astgns or i u"osx,rs in iniciest, which sums shall tie within the security of this mortgage the sabre as the funds originally
<br />secured thereby, the total amount of prittupal debt nor to exceed at any time the anginal amount of this mortgage.
<br />Dated this 25th day .if June t ly , ly.;,,
<br />Herbert V. Roese t2d lI -�.z1,
<br />Emil ie Roesr=r f,�It �•
<br />STATE Of NEBRASKA, � � ttrr this 25th day of Jtane I j before rare,
<br />COUNTY OF IIAIA
<br />the tutderurnctl, a *rotary Puhhc to and lot vatd ( ounty, perraorially came
<br />Hert)ert J. Boie_ser and F;^t:'r ui2 rr, t "Irti irl cur; tit; tier iwri rIFj i((,,d .ace ;pou• c,F e"ICh
<br />Whv t'r peisunilty known to
<br />itnCr,
<br />rm to be the irfenlu at peraan a whoa Manic atbxcd a, tie att,.ve rtsuunwrr, as mottgtrgoi
<br />acittterwiedgest
<br />the nut tnr[tament I., Ix ; t vuiuntary 4,1 and .tutu
<br />*11N Elks try tw.J +tot k.•t sera ta<I taeal [hr .{.:.re alnres60
<br />M•r ftHnniaanat. rat »i =a �r3r � ,
<br />W. inon
<br />Aft
<br />and r h. acvctally-
<br />Pubh.
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