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MORTGAGE _ 85-= 001754
<br />1 MORTGAGE LOAN NO. L 24,339
<br />KNOW ALL MEN BY THESE PRESENTS: That Gary D, Rosacker and Linda D. Rceacker, each in his and her
<br />own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the am of
<br />---- flOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Gralnd Island, Nebraska, Mortgagee, upon 840 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24, 339 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Ilall Ccunty, Nebraska:
<br />Lot Two (2) in Block One (1) in Farmington Second Subdivision,
<br />an adaiticn to the City of Grand Island, Hall County, Nebraska.
<br />together with all the tencrncnts, 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 tlereto,punrps,stuves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to mr 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 and assessments levied or
<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 5 84, 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 the bond secured hereby, the mortgage: 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 />tnnrtgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shag 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 same and of collecting rentals therefrom; the balance retraining, 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 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 and every month, until said loan is fully paid; pay all taxes and assessments levied against said premisea and oft this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the satin of S §4,000.00 payable
<br />to said ASSOCIATION: repay to said ASSW IATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon trom date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said promises; keep and comply
<br />with all the agreements and conditions of the Bond for S 84 r000.00his 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 shad become null and void, otherwise they
<br />shall remain in full force and may he foreclosed at the option of the said ASSOCIATION after failure for three months to Crake any of said
<br />Payments or be three months in arrears in making said monthiy payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Morteagof agrees In have a receiver appointed forthwith in such foreclosure Proceedings.
<br />If there is any change to ownership of the real estate mortgaged herein, by sale on otherwise, then the entire remaining indebtedness hereby
<br />secured shall, 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 otlicr 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 due on said
<br />bond,and any other bond for additional advances, together with all suns paid by said The Equitable building and Loan Association of Grated Island,
<br />Ncbraalva for insurance, taxes and assessments. and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal fate.
<br />As f said led in the Bond secured hereby, white ties mortgage remains in effect the morn may hereafter advance additional sums to the
<br />makers u( said Baru1, their assigns ,a succrsxnx in interest, which sums shall he within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any brie the ongmat amount of this mwrtgage.
<br />listed this 11 day of Apri 1 A. n.: Ise e5
<br />Linda D. R ticker
<br />STATE ON NEBRASKA, ss. ikt 0m 10th day of Apr 1 1
<br />COUNTY Ol- IIALL. i 19 85 ,before me,
<br />the undersigned, a Notary Public in and lilt said County, personally conic
<br />Gary D. Rosacker arxl Liwzi u, Rcuacker., each in his aid fa,r (Aril r La lit alai as st�oll:it of Bach
<br />otht?r, ITD r.1re? per n y known to
<br />tr>E to he Ntc identical tersem b whose namtn S rdf incd h, the above instrument as punigagurt5 and ti'k y severally e'
<br />acknowledged file mill mstnntaml to be trVir voluntary aeI and deed.
<br />WI INE % my bairn aid hnranal ticel for d:elc afinexard
<br />My Comii-csroi espues
<br />+s rn axa o r 1 tltpaR► -tMN< s1 N1aaN %,14tv, puhli,:
<br />10M M. REIIZLEY
<br />�1 QWA Evil. 5a1L 1. 190
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