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86-- 106565
<br />KIM";
<br />MORTGAGE LOAN No. L
<br />111c1M ALL MM BY THESE PRESENTS- That David M. 2ebert and Vera M. iebert, each in his and
<br />her: own right and: as spouse of each other, Nor4mor_wheUacone or mote, is comidesation o(dar stmu of
<br />Forty Five Thousand and no /100---------------- - - ---- ------------------------ Opv;ARg
<br />toed to nit) md"W by The Equitable Build" and Low Asociatioo of Grand Isaad, Ndmoks, Mortgagee, upon 450: tiaaea of sttsdt of
<br />said. ASSOCIATION, Cerl fate No. L . do hereby grant, convey and mortgage unto the said ASSOCIATION this roBowiaf.
<br />dewAsa I seal esu te, sitlsted in Hall Canty, Nebraska:
<br />Lot Seven (7), in Block Two (2), in Capital Heights Third -
<br />Subdivision, being a part of the Southwest Quarter (SW4) of Section
<br />Two (2), Township Eleven (11) North, Range Ten (10) West of the
<br />6th P,M,, Hall County, Nebraska.
<br />together with an the tenements, herediuments and appurtenances thereunto bebrgft, including attached floor covers,. all window screens,
<br />wisdom shades, blinds, storm windows, awnings, hating, sit conditionm& and plumbing and water equipment and acaeaories thereto. pumps, stoves,
<br />refrigerat ors, and other factures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And wheras the aid mortgagor has speed and does busby agree that the mortgagor shag and will pay all taxes and assessments levied or
<br />aresed upon said preentses and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />imnraaee upon the buildings on said premises situated ut the sum of S 45, 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIA71ON the policies rot said imuranoe; and not to commit or permit any waste on or about said premises;
<br />In of default in the performamee of any of the terms and conditions of this mortgage or the bond secured hereby, the mortIp ee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby &no$, transfer and sets over to the
<br />morippe all the rants. tervenues and income to be derived from the mortpgai premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the'mortgagoe shall have the power to appoint any sgemt or agents it may de sire for the purpose of repsking said prartiat and renting
<br />the Brae; and collecting the tents, revenues and income, and it may lay out of said income all expenses of repairing said III . es and necessmy
<br />commissions and expenses incurred 'in renting and managing the same and of colkcting rentals therefrom; tin balance remshning, if any, to be
<br />�toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<br />; irrespective of my temporary waiver of the cone.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of aid shares by
<br />payment pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on s04 ban, on or before
<br />tit Twentieth day of each atd every month, until said ban is fully paid'. lay all taxes and assessments levied against aid premises and on this Mottgsge
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 45, 000.00 lay"
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for inch taxes, assessments and insraace with interest at
<br />the maximum legsd 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 45, 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By4Aws of said ASSOCIATION; then thaw presents shall become nun and void, otherwise they
<br />slsall renmsuo in full fora and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />=ts a be three months in arrears in making said monthly payments. or to keep and comply with the agreements and conditions of said Bond;
<br />Muyatior agrees to have a receiver appointed forthwith in such foreclosure protxalmgs.
<br />If that is any change in ownership of the real estate mortgaged I inn, by sale or otherwise, then the entire rem daing indebtedness hereby
<br />assured shag, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska,become immediately due and payable without
<br />faremaining farther notice. and the amount rema due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />dale of exercise of said bar interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond ,md any other for additional advances. together with all sums paid by said The Equitabk Building and loam Association of Grand Island,
<br />Nslemly[ [ors imrrawe taxes and aneswnents, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />in the Bond sx,uvd hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />W thew snips or successors in interest, which sums shad be within the security of this mortgage the same as the funds originally
<br />se total amount of prkK*W debt not to exceed at any time the original amount of this mortgage.
<br />day yf A.D., 19 86
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