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79- t~€~14~1
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 23350
<br />KNOW ALL MEN BY THESE PRESENTS: That Gary L. Sander and Linda C. Sander, each in his and her
<br />own right and as spouse of each other
<br />Mortgagor, whether one or more, in considerafion of the aum of
<br />Twenty Two Thousand and NojIO4____________________________________________°- -_--.. DoLLAIIs
<br />loaned to said mortgagor by The Equitable Building and Luan Association of Grand Island, Nebraska, Mortgagee, upon 220- shares of stock of
<br />said ASSOCIATION, Certificate No. L 23350 , do hereby grant, convey and mortgage unto the said ASSOCIATION the fallowing
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT SIX (6}, IN BLACK SIXTEEN (16}, IN
<br />RUSSEL WHEELER'S ADDITION TO THE CITY OF
<br />GRAND ISLAND, HAt.L COUNTY, NEBRASKA.
<br />together with ail the tenements, hereditaments and appurtenances thereunto belonging, ;nduding attached Hoar 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 />refri¢eraiors, and other fixtures and equipment new 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 shalt and will pay ati taxes and assessments levied of
<br />assessed upon said premises and upon this ,nortgage and the bond secured thereby bzforz the acme shall become de!~nquent; to furnish approved
<br />insurance upon the buildings on said gremises siruated_in the sum of 5 22 ,ODO• DO payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or aboaf said premises;
<br />" In ease aF default in the performance of any of the terms and conditions of Btis mortgage ar the bond secured hereby, the mortgagee shall,
<br />ur. demand, bt entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />morgaget all the rents, revenues and incotrn to be derives from the mongaged premises during such time as the mortgage indebtedness shall retrain
<br />unpaid; aad ihz ;.;rtgagte shill have the pawn to appain*. any agent or agents i? may de=_itz for the- p~!=gase of rspaiitg said premises and rtntir~
<br />- the Battle sad collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and tmnaging the same and of collecting rentals ihtrtfrom; the balattce remaining, if any, to be
<br />agglied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exe[cised at any lime during the existence of such
<br />default. irrespecEive 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 maturity of said shazes by
<br />payment; pay monthty to said ASSOCIATION of the sum specified in the Bond secured hereby as intents*_ and principal on said loan, on or before
<br />the Twentieth day of each and every month, until said loan is fatly paid; pay all taxes and assessments levied against said premises and on this Mortgagye
<br />a,°sd the Sand stouzed thereby, before delinquency; furnish approved insurance ugon the buildings thereon in Gne stun of S 22 , 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and-insurance wiihv-aerest at
<br />the maximum regal cart thereon from date of payment all oC which Mortgagor hcreby agrees to pay; permit no waste an said premises;keep and comply.
<br />with all the agreements and conditions of the Bond for 3 22 ,000. DOthis day given by the said Mortgagor to said ASSOCIATION. and comply
<br />" - with alt the requirements of the Constitution and By-Laws of said ASSOCIATION; then Chest presents shall become null and void, otherwise they
<br />stroll remain in full force end may be foreclosed at the option of the said ASSOCIATION after farltue far three months tc make any of said
<br />payments m bt three months in arrears in making said monthty payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to bare a recziver appointed forthwith in such fcrrcfosure proceedings.
<br />(f t}tere is any change in ownership of the real estate mortgaged herein, by sale or o[htrwsst, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Luan Assa.iation of Grand Island, Nebraska,hecome immediately due and payable without
<br />i turbot notice, and the amount retraining due under said bond, and any other bond for any additional advances made thereunder, shag, from the
<br />" dare of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amotmt due on said
<br />band, and an}• other band for additional advaacts, together with alt sums paid by said The Equitable Bt»Idirg and Loan Association of Grand Island,
<br />- Nebraska for insurance, taxes and assessments, and abstracting extension chazges, wish interest thereon, from date of payment at the ittaximizm
<br />- legal race.
<br />" As provided in the Bond secured hereby, white this mortgagt remasns in effect the mortgagee may fiercafter advance additional Burns to the
<br />makers of said Bond, their assigns or sucee -fi mtetasE, which sums shalt be within the security of this mortgage the same as the funds originally
<br />-secured -thereby, the total amount of prin tpat debt not to exc~ted at any time the original amount of this mortgage.
<br />Dates rttis ~ 26thday ~ Februarys A. D., Is 79
<br />-- ar~~er %/
<br />.,r : ~%
<br />litida C. Sander "
<br />STATE OF NEBRASKA, ~ ~ On thu 2bth day of February 19 79 ,before me,
<br />CO[1NT'Y OF HALL
<br />t-; - - the undersigned, a Notary Public in and for said County, personally came
<br />Gary L. Sander and Linda C. Sander, each in his and her own right and as spouse of
<br />each other who are personally known to
<br />rue to be the identical person 5 whose acme 5 are affixed to the above instrument as mortgagor S and they severally
<br />' aeknowtedged the sail! instrument to be their voluntary act and deed.
<br />- 'nTTNESS my ,`~attd and Notarisi Stal the date aforesaid.
<br />- My Cotnntission ezgires ,f~,y "
<br />?',C.'le.?,s'L Ie~~4Y•Sbhy tf ;!eh; s ap ~.+' (/! ~~ y Public
<br />s-t~satrti P,1.':~. .1PP t
<br />~~"':. "~ ;.i; f~rr.r=. f~. frQ. 3l, iS82
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