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<br />MORTGAGE
<br />MORTGAGE LOAN N0. ~ 23354
<br />IcxQw ALL MEN aY THESE pRESENTS: chat Donald E. Dreier and Staci a L. Dreier, each i n hi s
<br />and her own right and as spouse of each ~thQr
<br />Mortgagor, whether one or more, in ttsnsidaratma of the sum a€
<br />T~lenty-Four Thousand and 1+~~100______________________________°-----°--------____-- D(?LLARS
<br />Loaned to said mortgagor by The Equitable Building and Laan Association of Grand Island, Nebraska, Mortgagee, upon 24D shares of stock of
<br />said ASSOCIATION, Certificate No. L 2335 , do hereby grant, convey and mortgage unto the said ASSOCIATION the foBowirtg
<br />described real estate, situated in Iialt County, . ehras'ra:
<br />LOT TWENTY-ONE (c"1} i=ONNER VIEId SUBDIVISION
<br />G~ OE GRAND ISLAND; HAI_i fOUNTY; NEBR,uc~!a.
<br />together with all the tenements, hereditaments and appurtenances thereunto betanging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and ptumb4tg and water equipment and accessories thereto,purttps,stavss; -
<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 nroxtgagar-has a^-. Xi and does hereby agree [hat the mortgagor shall and will pay all [aces and assessments levied. nr
<br />- assessed upon said premises and upon this mortgage and the band secured the[ebv before the same shall become dsli~;quent; to fitrniah approved-
<br />insurance upon the buildings on said premises situaterim the sum of S 24,OD©. ~D paya6Ie ?a said ASSOCIATION and to deliver to snit!
<br />- - ASSOCIATION the policies for said insurance; and cot to comrvt or permit any waste an or about said premises; -
<br />- In case of default in the performance of any of the terms and conditions of this rrtartgage or the bond secwed hereby, tht mortgages snail;
<br />-on demand, be entitled to irnmediafe possession of the mortgaged premises and the mortgagor hereby assigns, transfea arxt xts oust to ttu
<br />mortgages alt the rents, revenues and incorrre to be derived from the mortgaged premises during such tittle as the mortgage intl;'.httxinest shall retasiu
<br />unpaid; and the mortgagee shall have the power in aggoint any agent or agents it may desire fur the purpose of repairing said premises and renting
<br />the carne and collec?ing the rents, revrttues and income, and it tray pay out of said inrnme alt expenses of repairing °sid premises- and neczssery
<br />com tratisso4s and expenses incurred in renting and .:.~agir+z, ?tee serest a:.d of ~ Ilecii.-tg- retrials ' ierefrom; the balance remaining, $ any, fa be -
<br />apgiied toward the discharge of said mortgage indebtedness; these rights of the nsortgagce may be exercised at any time during the exister~ a".
<br />default, irrespective of any tempos: f °~~aiver oC the carne. - -
<br />Theme l'res<.nis. however, ate u{usn the Cvnditiaa; That if the said Ittortgager sl?ail repay .aid loan on or before jhs maturity of said spares by
<br />_ paytrnnt; pay monthly to said AS50C1ATION of the sum specified an the Bond secured hereby as interest and principal on said torn, on ar before
<br />the Twentiettiday of each and Query month, until said loan is fully paid; pay all taxes and assessments levied against said premises and an this Mortgage
<br />and the Band secured thereby, before delinquency; furnish apgrot~d insurance upon the bufldings Ehereon in the sum of 524, DDO, ~ :payable _
<br />- to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid far such taxes, assessments and insursiice with interest at. .
<br />the maxsmum legal rare thereon from date of payment all of whit:lt Mortgagor hereby agrees to pay; permit no waste on said pretaists; keep and comply
<br />with al} the agreements and conditions of the Bond for S?4 ,DDD. DD this day given by the said Afortgagar to said ASSf~IATION, and wmptp
<br />with alt the requirements of the Constitution and By-Laws of said ASSOCIATION; then these- presents shall become null and void, athetwi.~ UteY
<br />_ shall remain in fu31 force and may be foreclosed at the option of the said ASSOCIATION after faihtre for three months to tnaite any of said.
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with the agreements and conditons ofsaid-Band;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such farsdosure proceedings. -
<br />If there is arty change in ownership of the real estate mortgaged hersic, 6y eats ar otherwise, then the entire ~.:rni:.ittg indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Asrociation of Grand Istattd,Nebraska,bemtite immediatsiy due and payable without
<br />further notice, and the amount remaining due under said band, and any other band for any additional advances roads theisttnder,shaII, ftoritthe
<br />date of exercise of said option, bear interest at the maximum legal rate, seed this mortgage may then be forecosed to satisfy the amount due bn said
<br />pond, and any other bond for additional advances, together with all sums paid by said The Equitable $tttTding and Luau Association of Grand Island,
<br />Nebraska for insurance, taxes and assessment», and abstracting extension charges, with interest thereon,-from date of paytrtent ai the maximum
<br />- legal rate.
<br />As provided in the Bond secured herslsy, while tMs mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />tnakers of seta Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the fonds ariginttliY
<br />seeiiied thetphy, the tritat amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Led zti~ 1st day of March A, Q.,1~79
<br />~ i - r er
<br />°~tacz~'`a C-Ure~er
<br />. !~T4TEOFNEBP1,~Kt,,~,~' Orithis 1St day of March 1978 ,btforome,
<br />couNT•t~ oi< HALL
<br />the uttderlggtx' - f stmall
<br />Donald E. Dreier antl Siacia L. Dreier,-each in his alnd
<br />steer
<br />ttm to be the i3entical g. Lien 5 whtsc tram?. S dre aftixzd W the abtryt Inst
<br />arknowte~ed the said ituttumsiit tabe their ~nlt,n?cry act and dted,
<br />_ _ ~ - 'yYtTNESS myhaetd slid Notar?al $eal [he date aforesa[d t
<br />e.
<br />.Sty Corrnrtisaia;<e s
<br />hfiiCRAt eOfdRV State otltetrrasfi!
<br />- t»t.23i tG - ~GY A4. c+F ; ki:y -
<br />~Y d,.fzy SsDt.Yk-
<br />'Slotary c m and or saM County, per ycatne
<br />•°own r? ~n~ ~s s tjiis t)T- catch
<br />are y owtt to
<br />tt Ys mot 5 and th~Y ,_Y
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