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65- 005737
<br />MORTGAGE
<br />MORTGAGE IRAN NO. L -14r478 _
<br />KNOW ALl. MFN BY TH SF. PMENTB_ That Stephen J. Eberhardt, a single person, and Randy John
<br />and Becky J chn, husband and and wife, Mor, ggpr, whether one or mare, in exinsidewtiou of the sun of
<br />Mwenty One Thawand and — - - -- --- - -- DpLL ARS
<br />lotaKd to grid mor4 ftor by The FAIWW k Welding and Lean Association of Grand Istand, Nebraska. Mortgagee, upon 210 spates of stock of
<br />said ASSOCIATION, Certificate No. L 24 428 , do hereby grant, convey and mortgage unto the said ASSOC1A710N the followlets
<br />described real estate, situated to liall County, Nebraska:
<br />Lot Eight (8), Western Heights Subdivision to the
<br />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, awmngs, treating, au ccmditioning,and plumbing acrd water equipment and accessories thereto, puttys,stoves,
<br />vefriperatots, and othet fixtures and equiprmsit now or hereafter attached to or used in connection with said real estate.
<br />And whereas the sand mortgagor has agreed and does hereby agree that ilic inortgagm shall and wdl pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby hefore the same shall become delinquent; to furnish approved
<br />insurance up im the buildings on said premises situated in the sum of S 21,000.00 Payable to said ASSOCIATION and to deliver to said
<br />ASW. IA710N the policies for said insuramr.: and not to rxtmmrt or permit any waste on or about said premises:
<br />In case of default in the performance oh any of the terms and c inditions of this nortgagc or the bond secured hereby, the nortg"ce shall,
<br />cm demand, he entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgssec 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 aid premises and tenting
<br />the sear and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and twoe>ory
<br />comnuiasioms and expenses incurred in renting and managing the. same and of collecting rentals therefrom; the balance remaining, if may, to be
<br />applied toward the discharge of said mortgage mdi;btedness; their fights of :he nor; *cc may he exercised at any time duty the exiisence of ate]n
<br />default, irrespective of any temporary waiver of the same_
<br />Thew Preterits, however, are upon the Condition, That if ttic said Mortgagor shall reps) said loan on or before the maturity of said shards by
<br />payment; pay monthly to said ASSMIATION tit the sum specifad in the Borid secured hereby as interest and purer it 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 assn ssments levied against said premises and on this Mortgage
<br />and the band secured thereby, ttefore delntquency, furnish approved insurance upon the buildings thereon in the sum of $ 21r 000.00 payable
<br />to aid A.CSMIA11ON: repay to said ASSOCIATION upon demand all rnotwv by u! paid for sruh taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor herrhy agrees it, pay: permit no waitron said premises,,keep and comply
<br />with all the agreements and amiditiuns of the Bond for S 21 000. 00 this clay given by the aid Mortgagor to said ASSMA710N, and comply
<br />with alt the requucriems of the Ctxstitutmn and Bylaws of saki A SMI ATION, then these presents shill become null and void, otherwise they
<br />d" remain in full forte and nay he foreclosed at the option of the am ASSOlCIA110N after failure for three months to matte any of said
<br />pilyments or be three months in arrears uu making, said monthly payments, or rn keep and comply with the agreements and conditiow of said Bond;
<br />and Mortgagor ages to have a receives appcmtted forthwith in stwir fore&isurr proceedings.
<br />If there is any chm*e in ownership of the real estate mortgaged herem, by ask or otherwise, then the enure remaining indebtedness hereby
<br />secured shy. at the option of The figwtable building and lawn Association of (;rand Island. Nebraska.liecome immediately due sad payable without
<br />further solace, and the annum renaming due under said txsnd, and any other bdnd for any additional advances nude thereunder, shall, from the
<br />deft of exercise Of said uptim, bear mrei eat at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amowrt due an stud
<br />bond, and any other hand fat additional advances, together with all sums paid by said The tiquitabe building and Loan Association of Grwtd iskad,
<br />Nehrtslu for mwranor. taxes and assessments. and abstracting extension charges, with mtarest thereon, from date of payment at the maximwn
<br />legal rare.
<br />As provided to the hkmd secured hesehy, while this mortgage retrains in effect the mortgagee may hereafter advance additional sum to the
<br />rakers cd said Wind, their asigu sat succesins in interest, which sums shall he within the security of this mortgage the same as the funds otillirally
<br />secured tlydehy, the total amours of pnnciprl debt not to exceed at any brew the original amount of this mortpw-
<br />DOW this 15th day of November A. U., 1 '
<br />tl .
<br />ARIZONA F r'
<br />as.
<br />JNTY ()it this _ day of a, ;:? r_ 9. � - �' 114 65 , from ;rte.
<br />CCN frh
<br />;fix A the utnersigned, a Notary Public in mid hot said County, personally came
<br />Randy John an7 Reeky Joi n, husband iu1,�c W� fe
<br />-tp peat ly kiKtw�r to
<br />ire to he the exaentwai petv"M whose name 6' ,d>7ft . wished to the Above msuuni tit as nnirigagur S andt i y rvetaUy
<br />&Anrnwkdptsd the said antiOumenr i,, he V'ohnoeq owl and ant.
<br />ril1NL S my h mw rat %inww Sold i it dsiE ak,eksiYm.
<br />\t4 ': '.rtrnitAte.Hf [Apr F.1 •.. '• /, +;,. +.
<br />'v .tan Public
<br />cv s za, ere
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