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I 101OW ALL MEN BY THESE PRESENTS: That
<br />her own rijzht and as s-spouse of-ea
<br />RE-RECORDEO 86- 106565
<br />MORTGAGE LOAN NO.
<br />David M. Zebert and Vera M. Zebert,each in his and
<br />other, Mortmor, whether Oft of more, in consideration of the am of
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<br />IOMW to said an"Wpor by The EquWik Building and 1xim Association ol'Gland Island, Nebraska, Mortgagee, up= 450 dwa of 560& Of
<br />said ASSOCIATION, Certificate No. L . do hereby grant, convey and mortgage unto the said ASSOCIATION Use following
<br />dewribed real estate, situated in Haft County, 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, heFeditaments and appurtenances thereunto belonging, including attached floor coverings, all window XMCM,
<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 of used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor " and will pay all taxes and assessments levied Of
<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 45, 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOrl -TION the policies for said insurance; and not to commit or permit any waste On Of about said premises;
<br />I I In come of default in the performance of any of the terms and conditions; of this mortgage or the bond secured hereby, the morlpre shall,
<br />ow demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />nwtpW an the rents, revenues and Wonme to be derived from the mortgaged premises during such time as the mortgage indebtedness d" remain
<br />usped; and The mortgagee shall have the Power to appoint any agent or agents it may desire for the purpose of repaking said premises and mating
<br />the sow and collwing the mats, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />rem if any, to be
<br />cominission-and expenses incurred in mating and managing the same and of collecting rentals, therefrom; the balance iniM
<br />toward the discharge of said mortgage indebtedness; thew rights of the mortgagee may be exercised at any time during the existence of such
<br />irrespective of any temporary waiver of the sum.
<br />These presents, however, an upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said dam by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said ban, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid, pay all taxes and assessments levied against said pmniwi and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of 45, 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 an said premises; keep and comply
<br />with all the agreements and conditions of the Bond for S 45, 0 00 - 0 0 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with aft the requirements of the Constitution and By-Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shah remain in fun 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 that 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 thew is any charige in ownership of the real estate mortgaged berein, by sale OF otherwise, then the entire remaining indebtedness hereby
<br />secured ", at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and pay" without
<br />further notice, mid 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 leTJ 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 [shad,
<br />Nebrasks'for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />1*4 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 suceessm in interest, which sums; shah be within the security of this mortgage the same as the funds originally
<br />secureWthereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dow this 25th day 9f November A- D., 19 86
<br />STATE. OP NPJMhsr.A, on this 25th day of November 1986 before me,
<br />COIftM OF HALL the undersigned. a Notary Public in and for said County, Perwn*HY Mm
<br />David M. Zebert and Vera M. Zebert, each in his and her own right aX as spouse e Peri f uni ouln
<br />a g to
<br />other,
<br />M to be the identical per" S Whom name s are affixed to the above instrument as mortgagor S and they severallY
<br />"kftOwk*d the said uwFument to be their voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the date aforesaid.
<br />My Commussion expires Z'
<br />06164" to till
<br />,4utary Public
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