|
91,11
<br />MORTGAGE 85- ..002907
<br />MORTGAGE LOAN NO. i, 24,.3 Z4
<br />KNOW ALL MEN By THESE PRESENTS That Wilmer F. Bieber and Doris L. Bieber, each in his and her
<br />avnn right and as spouse of each other, Mortgagor, whether one or more, in consideration of the
<br />_
<br />Twenty T'h- ---�'r ._.3i1r_ll�?f - -- - - - -- ° - -- - -- — °— -- sum of
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, u — — °— flOLLARS
<br />said ASSOCIATION, Certificate No. L gag upon 200 shares of stock of
<br />described real estate, situated in [fall County Nebraska: do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />Lot Eleven (11) in Castle Estates Subdivision,
<br />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, 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 rrumgagor 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 (A$20,000 . 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 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 same 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 he 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, That if the said Mortgagor s hail 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 $
<br />to said ASS(WIAT1ON: repay to said ASSOICIATiON upon demand ail money by it paid for such taxes, assessments and20su0ran0ce�wi0th inters that
<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 It
<br />with all the agreements and conditions of the Band for $20 ,000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION: then these presents shall become null and void, otherwise they
<br />shall remain ire full force and may be foreclosed at the option of (tae said ASSOCIATION after failure for three months to make any of said
<br />Bond-
<br />and Mortgagors agrees to have a airears it)
<br />appointed forthw forthwith misuch tiereclosuretproceedings comply with the agreements and conditions of said Bond;
<br />If there is any change in ownership of the real estate n$artgaged herein, by sale or 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 hoed, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of" said option, bear interest at tree maximum legal rate, and this nurtgage may then be foreclosed to satisfy the amount due on said
<br />bond, and any other bond for additional advances, together with all Bursas 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 />le rate.
<br />As provided in the Bond secured herelny, white this mortgage rentaeins in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns ter successors 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 no( to exceed at any bore the original amount of this mortgage.
<br />Dated this 21 `t day of June A. I)., 19 85
<br />Bt
<br />s len"r . �..- _..._... __ .._.
<br />Si'ATE O)F NEBRASKA,
<br />O:'OUNTY OF HALL ss• On fhr, 21st: ,lay of ,allude
<br />I`tf3� ,before me,
<br />the undersigned, a Notary Public in and for said County, persanallycame
<br />t� irJl lit r F. l3 cWEa�9r. arlci fk,ri'ti L,. f x, c ac in lti's .Vld I) x- r7Wit z.- U1lp. :�t+:l �i�
<br />CJi:h�'r , oi�lao ,3.x�' ��r�al�y�nu�ei
<br />me to he tire identical peraasn ,3 whose mina' S cii f' affixed to (lie above Instrument as mortgagors and
<br />acknowledged the mid IraStruanrsnt to tic t k :i.T 1& }' veraily
<br />' voluntary as °t and ,lied.
<br />WI'f%i SS ally Wild acid Notarial 4e el the date aforesaid, us
<br />a
<br />MY y �l
<br />10 I%dM r8r !� .p.. �: a a y ......d tom.. { '�ti ''•w'{, °'1
<br />AMM +0, KKW Notary Public
<br />1
<br />
|