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79~ taim~~~'F3~7
<br />MORTGAGE
<br />MORTGAGE LOAN No. L 23359 MGI C
<br />KNOW ALLM&N BY THESE PRESENTS: That Steven $. Cramer and Karen A. Cramer, each in his and
<br />her own right and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Th;rty Seven Thousandand N~/100---------°--------------------------------------_DOLLARs
<br />loaned to said mortgagor by The Equitable Bullding and Lvan Association of Grand Island, Nebraska, Mortgagee, upon 370 she€es of stock of
<br />said ASSOCIATION, Certificate No. L 23358 Glfsdo hereby grant, convey and mortgage unto the said ASSOCIATION the Following
<br />described real estate, situated in Hall County, Nebras~a:
<br />LOT ONE (1) DANLKE SUBDIVISION, IN THE
<br />CITY OF GRAND ISLAND, FlALL COUNTY, NEBRASKA.
<br />together with al{ 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 mortgagor has agreed and does hereby agree that the mortgagor shall and will pay aII taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured !hereby be Core the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 37 s OOO.OO payable [o said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies far said insurance: and not-to commit or permit any waste on or about said premises;
<br />In case of default in the perfonaance 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 vver to the
<br />mortgagee alt the rents, revenues and it,cnme-to be derived from the mortgaged gremises during such time as the mar*.gage indebtedness she!! remmin
<br />ungald; and the mortgagee shall have the power to appoint any agent or agents it may desire fer the purpose of regauing said premises-and renting
<br />the same and collecting the rents, revenues and income, and it may -,Say out of said income a!. expenses of repairing said prerrtis . 3 necessary
<br />-commissivus and exgrnses incurred in renting and managing tha same and of callectirig rentals therefrom; the balance renrai.tirtg, if arty, to be
<br />applied Wward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time dwing the existentx of such
<br />dcfatdt,urespzetive of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That S the said Mortgagor shall 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, anti( raid Loan is fully paid; pay ali taxes and assessments levied against said premises and on this Mortgage
<br />and tfte Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 3]000, 00 payable-
<br />to said ASSOCIATION: repay to said ASSOCIATION upon demand afl money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from Sate of payment ail of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and wtitply
<br />with all the agreements and conditions of the Bond for $ 37,000.00 this day given by the said Mortgagor to said ASSOCIATION, artd ~titply
<br />with all the requuements of the Constitution and $y-Laws of said ASSOCIATION; then these presents shall became null and void, otherwise tttey
<br />shall remain In Cull force and may be foreclosed at the option of the said ASSOCIATION after (allure for three months to make any of said
<br />payments yr be three months in arrears in making said monthly payments, ar to keep and comply with the agreements and rnnditians of said Band;
<br />and Mortgagor agrees to have a reeeiver appointed forthwith in such foreclosure proceeding<_.
<br />If there is any change in ownership of the real estate mortgaged hereu., by sale or otherwise, then [he entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additions! adventts trade thereunder, shall, from the
<br />date of exercise of said option, bear inurest at the rnaximttm legal rate, and this mortgage may then be foreclosed to satisfy Fhe amount due on said
<br />bond, and any other bond-for additional advances, together with aB sums paid by said The Equitable Building and Loan Aswcistion of Grand Island,
<br />Nebraska for insurance, taxes and as;esstnents, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As p€ovided in the Bord secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Band, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originaIIy
<br />secured thereby, the fatal amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />rated ttt~ r 8th day of Mdreh A. n., 19 79
<br />G/>~~'~~
<br />z~. ~
<br />Ka n A. Cramer
<br />- STATE OF h'E$RASKA, ~ ss. On this $th day of March 1979 ,before me,
<br />COUNTY OF HALL
<br />SteYQn S. Cramer and Karen A. Cramer, the undersigned,aNotaryPublicinandforsaidCounty,personallycame
<br />each in his and her c~vrl right and as spouse of each other,.. who are personally knownta
<br />the to be tIx idetttica! Persons whams rtattceS d r$ _ affixed to the above in~tftmtent as mdiYg~gor S and tht?y severally
<br />at~cnowledged [he said instrttment to be the! r voluntary act aad deed. ~, ..-- -~
<br />WITNESS my hand and Notazlal Seal the date aforesaid. ~ •
<br />My Cvminissittn expires f ~,
<br />$@!riF.dl t!BTiflY-Stafe aS €IearaiGa N c
<br />s•t•sa[ na `~ ,? q JE<Y tit. BEA2~EY
<br />t ttp Coma:. E.p. Sept. 2, Y4hI
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