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'~79- ~ 1;~ ~ ~ ~~ ~~
<br />MORTL;;ACrE _ _ _
<br />_ _w,.. _a ._TU:~~ ~.:~~r..-._____,~~._.___.- !rt[",N4TTGAx,,9. Lt1A.v "vf)...aR._ L~~~.~~ ~._~~_
<br />KNOW ALL MEN Br THESE e1zESEh~rs: That Larry D. Cornet i us and Karla H. Cornet i us , each i n
<br />his and her own right and as spouse of each other
<br />Mortgagor, whethu one or more, in consideration of the stun of
<br />ForS,~Eiaht Thousand and Noj10~------------------------------------------------- 1]OLLARs
<br />loaned to said mortgagor by The Equitable Building and Luan Association of Crand Island, Nebraska, Mortgagee, uY..n 4$0 shares of stock of
<br />said ASSOCIATION, Certificate No. L 23}2 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described teal estate, situated in Ha11 County, Nebraska:
<br />LOT TWENTY FIVE (25), IN HIDDEN LAKES SUBDIVISION
<br />NUMBER TWO, BEING A PART OF THE SOUTHEAST QUARTER OF THE
<br />NORTHEAST QUARTER (SE;NEa) AND A PART OF THE NORTH HALF
<br />OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER
<br />(N~ZP(E4SE;) OF SECTION THIRTEEN (13), TOWNSHIP ELEVEN
<br />(11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., IN
<br />HALL COUNTY, PEBRASKA.
<br />together with all 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 all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to famish approved
<br />insurance upon the buildings on said premises situated in the sum of S 48,DOD. DD 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 about said premises:
<br />In case of default in the performance 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 over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />tmpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it ntay pay out of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and rnanaging the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these riehts of the mortgagee may be exercised at any tirne during the existence of such
<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 maturity of said shares by
<br />payment; pay menth!y to said ASSOCIATION of the sum speeifled in the Bond secured herehv as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured [hereby, before delinquency, furnish approved insurance upon the buildings thereon in the sum of 3 Q$ ~QQD, DQ payable
<br />to said ASSOCIAT[ON: repay to said ASSOCIATION upon demand ail money by it paid for such taxes, asscssmvtts and insurance with inieresi at
<br />the maximum legal rate thereon from date ef' payment all of which Mortgagor hereby agrees to pay; permit ro waste on said premises, keep and ixtmply
<br />with all the agreements and conditions of the Band for s Q~, 000, QO this day given by the said Mortgagor to said ASCOClAT!ON, and txtmply
<br />with aB the requirements of the Constitution and By-Laws of said ASSOCIATION; then these presents shalt become nail and void, otherwise they
<br />shall remain in full force and may be foreclosed ar the option of the said ASSOCIATION after failure for three months to make 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 conditions of said Bond;
<br />and Mortgagor agrees ro have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sate or otherwise, then the enthe 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 />ftuther notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond, and any other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting cxteosion charges, with interest thereon, Crom date oC paytttent at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />area t lth ~ day of Apri 1 A. x.,19 79
<br />~•
<br />L~ orn T s
<br />ar a or-neTTUs
<br />STATE OF NEBRASKA, ~ ~ On this 11th day of Apri 1 1979 ,before tne,
<br />COUNTY OF BALL
<br />tht undersigned, a Notary Public in and for said County, personally time
<br />tarry D. Cornelius and Karla H. Cornelius, each in his and her ownw~o9ht and persan9lPyycnown o
<br />each otfier are
<br />me to be the identical person 5 whose narrtb dre affixed to the above i rtune as mortgagor S and they ,~g}aratly
<br />acknowledged the said instrttrnent to be their ruluntary act and deed. ~ f
<br />~/
<br />WITNESS my hand and Notarial Seal the date aforesaid. ~~
<br />My Cornmission expires ~~~~'' ~ ~ r `
<br />~EAIEgAt N9TARY - Sixla ~ PI€~, !~ = atary Public
<br />at~sas et ~ ..A;:i~S W. t;LSGH ~" _ J'
<br />t Aty Comm. f:xp. Nov. 12, 1979
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