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KNOW AI
<br />MEN BY THIRSk: PRESENTS: That
<br />497— IM1412wAl
<br />and as spouse of each other, Mortgagor, whether am or more, m consideration otOw man o'
<br />losarrad to aid mortgalor by The Equitable Building and Loan Arsanciation of Grand Island, Nebraska. Mor4me, upma 500 shism of 9f
<br />said ASSOCIATION, Certificate No. L 24,74,1 , do beteby grant, convey and mortgage lento the said ASSOCIATION this f
<br />described real estate, situated in Wall County, Nebraska:
<br />Lot Three (:3), in Block Seven (7), in the Replat of Riveroide Acres,
<br />an addition to the City of Grand island, 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,Atives,
<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 shalt and will pay all taxes and assessments levied or
<br />aid 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 50, 000. GO payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In coo of default in the performance of any of 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 same and collecting the rents, 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 saute 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 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,'rhat if the said Mortgagor %hall 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 all 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 S 50 , 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 S 50 , U00.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws 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 inonthly 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 Mall, at the option of The Equitable 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 dire on said
<br />bond, 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 />kjal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the ritoitgagee tray 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 saute as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />this h day of January A.D., 19 67
<br />Pvc
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<br />� •� C1. � {ip� 1
<br />STATE OF NEBRASKA, � On this 7th day of January 19 87 , before nee,
<br />COUNTY Ols WALL
<br />the undersigned. a Notary public in and for said County, personally came n
<br />Gaylord D. A -pf"€l and E. „oar. Apfrei, coact; a.n his and her' vita "ht. �t5i ,i :;pou ns
<br />each other' air kably known to
<br />me to he the sdenitual person µ whose Maine j €il'(U' affixed to the Above Inserunwrit as tumigagut and ': 1c-yy %even tly
<br />ne- -ir
<br />cumrr. tots mesf uestrsrrxrst to he er,lurtaary �a and dcxed.
<br />NVITNUSS tnq it.l and xdr +laaial'iaai the tair alorrrsahl, �
<br />My t nnatooaps o cur c^a -
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<br />WA PA 41
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