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<br />MORTGAGE 000P131
<br />MORTGAGE LOAN NO. _ L 24,312
<br />KNOW ALL MEN BY THESE PRESENTS: That Mob le A. Hermes, a Single person,
<br />Thirty Gi x Mortgagor, whether one or mom, in of the SUM of
<br />Thousand and alp nn--- n eonside��
<br />!oared to said MAwtSMfm by The Equitable Building and Loan Association of Grand island, Nebraska, Mortgagee,
<br />said ASSOCIATION, Certificate No. L 24,312 , do hereby °� 3SO shams of Moll of
<br />descrkbai real estate, situated in flail County, Nebraska: Y grant, convey and mortgage unto the ASSOCIATION the folbwit�
<br />A tract of land comprising the Westerly Sixty (60.0) feet of Lot Five
<br />(5) and all of Lot Six (6); and the Easterly Twenty -Nine (29.0) feet
<br />of Lot Seven (7), all in Block One (1), Nelsen Second Subdivision,
<br />in the City of Grand Island, Hall County, Nebraska.
<br />together with all the tenements• hcrednarrtents and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />wmdow 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 ail taxes and assessments levied or
<br />assessicall upon said premises and upon this mortgage and the bond secured thereby before ale same shall become delinquent: to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of 336, 000.00 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 case of default in the performance of any of the terms and conditions of this mortgage or cite bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and tike mortgagor hereby assigns, transfers and sets over to the
<br />MOFtWVC 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 rtxortgagce stall have the power to appoint any agent or agents if may desire lot the purpose of repairing said premises and renting
<br />the sane and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />and expenses incurred in renting and managing file same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said n waiver a indebtedness; these rights of cite mortgagee may be exercised at any time during the existence of such
<br />fault, irrespective of any temporary waiver of the same.
<br />These Presents, however. arc 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 a-id 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 36, 000.00 yable
<br />to said AVSSOCIATION: repay co said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with inteerrest at
<br />the maximum legal rate thereon from dale of payment all of which Mortgagrr hereby agrees to pay; permit no waste on said premises; keep and comply
<br />with all the agreements and conditions of the Bred for S 36 000.00 this day given by the said Mnrtgrtgur to said ASSOCIATION, and comply
<br />with all the requirements of tlhc Constitution and Bylaws of said ASSOCIATION: ffen these presents shall loeaorre null and void, otherw� they
<br />shall (entail' fit full force and may be foreclosed at file option of the said ASSOCIATION after failure for three months 10 crake any of said
<br />payments of he three munifts in arrears in making said monthly payments, or to keep and comply with tie agreements and conditions of said Bond;
<br />and Mort agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change eft ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining uadebtedness hereby
<br />secured call, at the option of The Fquitable Building and Loan Association of Grand Island, Nebraska,bearme immediately due and payable without
<br />frrthar rotes, and the amount regaining 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 five maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount doe out mid
<br />Nebraska any Other bond for additional advances, fogetheu with all sums paid by said The Equitable Building and Lawn Association of (;rand Island,
<br />for prance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at floe traxinmm
<br />kjal
<br />rate.
<br />As prwedeal in tits Bond secured hereby, while this i oortgage remains in effect the nunlgagee nay he(caftri advance additional sums to the
<br />tankers of said Bond, their assigns it[ su ccesseats in hntcresi, which sums shall be wtthm (lac security of this rrx.rf tPe sane as the (ends ur enahe
<br />secured
<br />thereby, the total alnuont of principal debt not to exceed ai any time tilt., original security of this emir
<br />flexed this q�
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