|
<br />r
<br />
<br />84 -002876
<br />
<br />MORTGAGE
<br />
<br />KNOW ALL MEN BY THF$E PRESENTS: That
<br />
<br />MORTGAGE LOAN NO. HI-781 (FHA)
<br />Nicholas L. Merten an:! Nancy A. Merten, each in his an:!
<br />
<br />her CMl'l right and as spouse of each other, Mortgagor, whether one or more,in consideration of the sum of
<br />Four Tho1L<land Eigbt Hundre_LUfty ~illQQ::=~------------------------------:1)()LLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mongagee, upon 48 shares of stock of
<br />said ASSOCIATION, Certificate No. 41I-761(FHA) , do hereby grant, convey and mortgage un~o the said ASSOCIATION the following
<br />described real estate, situated In Hall County, Nebraska
<br />
<br />Lots 'IWo Hundred Twenty-one (221) and 'IWo Hundred Twenty-t= (222)
<br />
<br />in Belm:mt, an Addition to the City of Grand Island, Hall County,
<br />
<br />Nebraska.
<br />
<br />together with all the fenements, hereditaments and appurtenances thereunto belonging, including attached floor cowriDp, all window 1C:RlIIIII,
<br />window shades, blinds, storm windows, awmngs. heating, au conditioning, and plumbing and water equipment and. acc:esmria therelO,~stows,
<br />refrigerators. and other fixtures and eqwpment 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 all tun and ......tI' IniId Of"
<br />a55essed upon said premises and upon Ihis mortgage and the bond secured thereby before the same shall beoome deliDqueat; to funUlh.........
<br />insurance upon the buildings on said premises situated in the som of $4, 850 .16 payable to said ASSOCIATION and to dcliwr to said
<br />ASSOCIATION the policies for said insur.mce: and not to commit or permit any waste on or about said prerm.s;
<br />10 case of default in the perfonnance of any of the terms and conditions of this mortgage or the bond secured hereby. tbe,~ ~~:
<br />on demand~ be entitled 10 immedmte possession of the mortgaged premises and the mortgagor hereby assips. transfen- and 1Ids:-otllll>to--,:tbe-,-
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortp&e indebted.a 1bID:...-,
<br />unpaid; and the mortgagee shall have the power to appoint any agt:nt or agents it may desire for the purpose of repairiD& said premiIIJ~"'__~
<br />the same and collecting the rents. revenues and income. and it may payout of said income aU expenses of repUrina said- premiIIJ,....,_ilIlceIiIIy
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom.; the balaDce ren.iainI._, ie-my.: to, be
<br />applied toward the discharge of said mortgage indebtedness~ these rights of the mortgagee may be exercised at amy time dllliDl-the exiItaIce-,of-auch-
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents. however, are upon the Condition. That if the said Mortgagor shall repay said loan on or before the IMturity of SI.l:__~~by
<br />payment; pay monthly to said ASSOCIATION of the sum spel.ified in the Bond secured hereby as interest and priDciJ:* on said,lom.. OD'Olebel._'
<br />the Twentieth day of each and every month. ul\til said loan is fully paid; pay all taxes andas.sessments levied against said ~ aodOll~tbilMairtNt
<br />and the Bond secured thereby, before delinquency ~ fwnlsh approved illSUI-aDce upon the buildinp thereon in the sum. of S 4, 85_0:.16-'_- ~_
<br />to said ASSOCIATION; repay 10 sald ASSOCIATION upon demand aU money by it paid for suclt laxes. a_II II1II insunDcowithinteteilcat
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premiles;bap ..~__
<br />wilh alllhe agreements and condttions of the Bond for S 4 650 .16 this day gi..,n by lhe said MortNOr to said ASSOCIATION.autlCOlllply
<br />with all the requirements of the CunshtultOll and By-Laws Jr said ASSOCfA nON; then these presents shall become null-and wid. 9~,'tbey
<br />shall remain in fuU force and may be foreclosed at the option of the said ASSOCIATION after failure for three monlhl. to. m*e,..,~;,of~taid
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with the agreements and-c:oeditio8aof 1Iid:1kiDd;
<br />and Mortgagor agrees to have a re\.-'Civer appoinled fonhwith in such foreclosure proceedJnp.
<br />
<br />
<br />If there is any change in ownership of the real estate mortgaged herein, by .sale or otherwise. then the entire ~ ~:"....,
<br />secured shall, allhe option of The Eqttitable Budding and l.oat. Association or Grand Island, Nebrub.be<ome immediotdyd..lIlll..,...wilhout
<br />further notice, and the amount remainmg due Wider said bond, and any other bond for any additionaladvanees made the..........'~.f..,_.
<br />dale of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then ~ foredoled to.tiIfy tbe-amouId due.~'"
<br />bond, and any other bond for addilional advances, togethel with aU sun.. paid by said The F.quilable Buildioa II1II Loan AsIociation ofG......lsIoIld.
<br />Nebraska for insurance, taxes and ass.;::ssments. and abstracting extension charges, with interest thereon. from date of payment at the JDUimuIQ.
<br />legal rate.
<br />As provKled in the Bond scculcd hereby. while this mortgage remains in effect the mortgagee may hereafter advance addit:imW sums &0 the
<br />makers of said Bond, their assigns or successors in Inlerest, which sums shall be within lhc secwity of this mortp&c the same as the fundaOJi&iaally
<br />secured thereby, the total amounl ot .J'rincipal de-bl nol lo exceed at any time the original amount of this mortgace.
<br />Oatedthi!\. ,-/'1 "'day~\ l~l[ccl A.D,,19 64
<br />
<br />< ~ ~;{~~ {,.~ l~~i;r:,
<br />1~~:k~/c;u--;u
<br />
<br />STATE OF NEBRASKA, I ss,
<br />COUNTY DE HALL I
<br />
<br />On this
<br />
<br />'rl.
<br />,e' c/ -day of ','I l "7 19 i?<-j, bef_ me,
<br />
<br />Ute undersigned, a Notary Public in and for said County, personallycamc
<br />each in his and her own riiRJ: ~ as ~~.!n roach
<br />
<br />Nicoolas L. Merten and Nancy A. Merten,
<br />other,
<br />me to be the idenlical person S whose name S are affiXed to the above instrwnent as mortgagor S
<br />
<br />acknowledged the said msUumenllO be their vo-Iun13lY act and deed.
<br />WlT~od 'Iud Nobuiat~ai armes.,ud.
<br />f A~ [jU(Jt~1 NO~:~ 't'-- 51~lt at hllr.~'"
<br />My Ct '".. on tX'WuMAS~~f",.llJi, 4!~f
<br />1~ """"" My Comm. bj..' l'" . i. 1.1
<br />
<br />aud they
<br />
<br />severally
<br />
<br />100m-ZM HJ
<br />
<br />;""j
<br />Noiiuy Public
<br />
|