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<br />84----' 003494
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<br />MORTGAGE
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<br />MORTGAGE LOAN NO. _L 24,275
<br />KNOW ALL MEN BYTllESE f'RESENTS, ThaI Thanas L. Peters and Cynthia K. Peters, each in his and
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<br />her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Forty Six Thousand Five Hnndr~(LClnd-.i!..Q/.J.~~===--------:----------------------- OOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska. Mortgagee, upon 465 shares of stock of
<br />said ASSOCIATION, Certifies'e No. L 24,225 . do hereby granr, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in HaJl County. Nebraska"
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<br />Lot Two (2), in Block One (I), in Pleasant View Fourth
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<br />Addition to the city of Grand Island, Hall County, Nebraska.
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<br />together with aU the tenements, heredita- .;,.;/t:s ,md appU!lenances thereunto belonging, i::>.duding_attached floor .coverings.,-all,WiIid.o9I-~~'
<br />window shades, blinds, storm windows, .iwnings, heating, au conditioning, and plumbing and water-equipment and accessories~thereto;p~-StoVes~'
<br />refrigerators, and other fix.tures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and docs hereby agree that the mortgagOJ shall and will pay all taxes ,and ~nts~-~~))r
<br />assessed upon said premises and upon thjs mortgage and the bond se-.cured thereby before the same shall'becomc_,deli:nquent;-_to-fuDijsh.;_'l1~-';
<br />insurance upon the buildings on ~id premises situated in the sum of S 46,500.00 payable t.o said- ASSOCIATION- ~d "to_:de~::to~~~
<br />ASSOCIATION the policies for saId insurancc~ aud mH 10 commit or permit any waste on or abo'-1t said premises;_ - -
<br />In case of default in the performance -tlf any of the terms and conditions of this mortgage or the bond secured -heIeby;.,- the mort~.-.~,<_
<br />on demand, be entitled to jmmediate _possession, of the mortgaged premises and The mortgagor hereby, ass.igns~ - transfers, :an(t:S<<;l'!S:::-_~'!f:';:toc.;thC;,"/"-
<br />mortgagee aU the rents, revenues and utC01l1C to l)e dcrive,d frum the mortgaged premises during such time as the mottpgejnde~~~r~~;_
<br />unpa.id~ and the mortgagee shall have the power to appoIDf any agent or agents it 'may desire for the purpose of repa:irittg::,said,p~'_~:}:ent,iDg<
<br />the same and collecting the rents, revenues and income-. and it may payout of said income aU el{pe~ of rCpairing,-'said .,_pre~,}J.~..}~_~~.;i' '
<br />commissions and expenses incurr~d iu renung and ulanaging,_lhc same and of coneeting rentals therefrom; the- b~ce--re~;::--.iLan~~:~-'~:~
<br />applied toward the discharge_ of said 11l<HtifitgC indcbtedness~ 1hese rights of the mortgagee may be exercised at any-time.during,thC-.existence-ofsilclI.-,~
<br />default, irrespective of any tempor31Y waiver of tbe same. -
<br />These Presents.. however. aJt~- upon the Cond.ition. That jf l,he said Mortgagor shall repay said .loan OU,Ot, befor~- the-matu;ritY"Pf.Sa14-_SIJa(~:b~,_
<br />paymem; pay monthly 10 salll ASSOCIATION _of the SUJlI_ s.peCIfied in the Bond secured hereby _as interest and_principaJ.'-o~.,~:~91l-_0~_,,~f~~._~
<br />the Twentaethday of C<tctl and every fn(mth.ul1tJ.l said loan is. fully paid; pay aU taxes and.assessmenl$le-vie(hgainst".said-pre~_a:od.on_~_~~~,~~:
<br />and the Bond secured there-by, befole deLl,nquency; furnish approved insurance upon the buildings thel~()n in Ule:,SUDrQf.S- '46_:j_-?qo,~~'pO.~_~ _ ,'~~:-,,-_:,
<br />to said ASSOCIATION: repay [0 sald ASSOCI A liON upon de:mand aU-money -by it_paid for such taxes, ~nts an4jnmJl~~~~7>~;.Jn.~:~~f,;" ~:""
<br />the maximum legal rate theH.-'OTl from date of payment iJJI of which Mortgagor hereby-agrees to pay;~nnit fit) ,waste_onsai~,_pt~~~~'.~:~:,
<br />with a}lthe agre~Jnents and conditions of the Bond for S 46,500. OO"trus _day given by the - said Mortgag(),t- to--said.~S~nQN'J
<br />with all the requiret'llents of the Constitution and ny~Laws of said ASSOCJA TlON~ t~n th~se - presents_ .d1all b~me;:_n\ill_-~iJjii".)-Q_.@.-r()
<br />shall remain in full force and may be foreclosed at the option of .the said ASSOCIATION, after failurtLfor
<br />payments 01' be -thn.-e. months in 81 rcars in making said monthly payments. or to keep- and comply with :lhe, a
<br />and Mmtgagor agrees to have 'a receiver appoinleJ fort.hwith in such foreclosure pr~edings.
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<br />ii then: lS'all, Jt4l1/5'-' ;u U"'U,:"I;i~P,~)j' l.iw il:l:I.! Clt-latt: IHti.l.lgag\l-ii Jti:lCUl. by .:saie ~1 O~lW.bC,; i.hc:u, UP:: ~u..u~ 1C1~__,~- Cl~Y,-,'
<br />secured shall; at the option of The Equitabie Building and Loan Association of Grand lslan9,l':1eb~..becomejmmediatelY,_~uc-,an. ~:
<br />f~her nQtice, and., the, amQunt ~~uaining due under said bond. and any other bond fqr any addiq()nal. ad~ ~_:the' '..,~,:,:
<br />date of exercise of-said option, tx:ar jnter~st at the maximum legal rate, and thiS mQrtgage may thenJ)e fQre44~-~tq _Sa:tisfy ~.~t UfO:m~:~:..~
<br />bond. and any other bond for add.tional advance>, togetber with all sums paid by said The F.qllitahle Building and Loan A....,Qation ,ofG!aB.dJsIlln4,:
<br />Nebraska fOf inswance, taxes and -aSSt,-'SSIUents~ and abstTactmg extension charges, with interest thereon, from ,date .of pa~nt. 'at,. ~-;~~j
<br />legal rate, . ,
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<br />As pwvided in. the Bond secured hCieby, while this mortgage remains. in effect the mortgagee may_ hereafter ad~' ad4itioJlal ,~_"t9: '~
<br />m8_!{ers: l.lf said Bond, t!:tcir a~gns or :.U{;CCSS/.1r!\ in jntt!:fcSl, whkh sumS shaH be within the security of this. murtgage_-lhe -S3lIle as"t..he.fl..md~9~Y
<br />secu,red thereby, the total amount of pr-i.ni;ipal debt not 10 exce-ed at any bene the original amowlt of this mortgage.
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<br />A. IJ,. 19 84
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<br />STAT!; O. F NbBRr\SKA, !
<br />:t.<;:"
<br />COUNTY OF BALL
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<br />On ~h" 29 th
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<br />day of
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<br />June
<br />
<br />1984
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<br />;- bef~-~_.
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<br />L.
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<br />Than.;l.s L. Peters and Cynthia K. Peters,
<br />other,
<br />,me to he the identical penon S 'Who:;e IJ.3.iue S. are lJ1TixtJ lu the 1iOOYC insW,lllleut &.$ Uior!~rs
<br />acknowledged tbc. r>aid j!lstrum~IH hi bt: their vn!unt-a' y nel .and deed,
<br />WflNf.:...'\..') my h.1ln-J ;n,(! Nutar.lAl s..:<\l fht~-daJ~ afore-s.aid
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<br />My Cllrnm,,,j,,n "xpin', f~"V' / t; / i1'1
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<br />the,undcnug~cd,.a NQUUY Public in and for said County. perso-Oa:l1y:aune'
<br />each in his and her own right and as SPDUS,.e.. ...0. f.. eaGll
<br />whO are . (limOOaIIY kf\l>WlllO
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<br />and
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<br />they
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<br />sevctally
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<br />, NutlU)', bli<
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<br />J4Im-1:J,f 81
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<br />L - JOANNE {ii-I' <<! ~~t.,~-~~
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