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<br />MOR'7GAGE
<br />NORTGA('E LtjAti h10- ~~
<br />KNOW ALL MEN BY THESE PRESENTS: That Nathan H. Pike and Barbara B. Pike, each in his and
<br />fier own right and as spouse of each other
<br />Mortgagor, :vhtther one a: molt, in consideration of !Itt sum of
<br />Forty Six Thousand five Hundred and No{100---------------------------------------- naLLARs
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Gland [slartd, Nebraska, 4lortgagee, upon X55 shazts of sack of
<br />said ASSOCIATION, Certificate No. L , do hertby grant, caneey znd mortgage unto the said ASSOCIATION tt,s following
<br />described real estate, situated in Hal] County, Nebraska:
<br />LOT EIGHT (8) IN BLOCK TWENTY (20} IN CHARLES
<br />WASHER`S ADDITION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKP..
<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 a.^.d accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to of used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and wilt pay all taxes and assessments levied os
<br />assessed upon said premises and upon this mortgage and the bond secured the; ~ before the same shall become delinquent; to furnish approved
<br />insurance upon the buJdings on said premises situated in the sum of S ~6 , SDD. DD payable to said ASSOCIATION and to dehret [o 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 orer 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 />unpaid: 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 may pay out of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgagr indebtedness; these rights of the mortgagee may be exercised at any time during [he existence of such
<br />default, irrespective of any temporary waiv_r of the same.
<br />Thtst Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before [he ataturity of said ~lrares 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 tack and every month, until said loan is fully paid; pay al! taxes and assessments levied against said premises and on this Aiorigage
<br />and the Bond secured thereby, before dthnauenry; furnish approved insurance upon the buildings thereon in the sum of $ L{6 , 5D0. DD payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such [axes, assessments and insurance with interest at
<br />the maximum legs! rate theretr. from date of payment all of which Mortgagor hereby agrees to pay; pecmit no waste on said prtmists;keep and empty
<br />with all the agreerreents and conditions of the Band for S ~6 , 5DD , DD Cnis day given by the said .'t#artgagor to said ASSf7C[ATION, aced comply
<br />with all the rtquiretitents of the Constitution and By-Laws of said ASSOCIATION; then these presents shaII became null a:td void, crtl~r-rwisr tl~y
<br />shalt remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure fur three montl:• 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 to have a receiver appointed forthwith in such foreclosure proceedings.
<br />I` there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the enare remaining indebtedness hereby
<br />tsured shall, at tht optior, of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining dot under said bond, and any other bond for any additional advances made thereunder, stall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be Coreciosed to satisfy t+he amount due on said
<br />bond, and any other bond for additional advances, together with alt sums paid by said The Equitable Building and Losn Association of Graced Island,
<br />Nebraska for insurance, taxes and assessnrents, and abstrcting extension charges, with interest thereon. from date of payment at the maximum
<br />legal rate.
<br />As provided in the Band secured hertby, 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 />aeeured thereby, the total arttoun[ of principal debt not to exfce~ed at any time [he original amount of this mortgage.
<br />~ted~~j ~. ~`g~ day oC ~~-s-~-C A. D.. 19 )'~
<br />13R tl. Yl K~ \
<br />d ra 1 ' ~ ~t'~ c~
<br />STATE OE NEBRASKA, ~ ~ On this
<br />colmT~ QF [3ALi 30th nay of Apri 1 1979 ,before me,
<br />- - the undersigned, a Notary Public in and for said County, personally came
<br />Nathan- H. Pf-ke-and Barbara B. Pike, each in his and her own right w~ta as spou~ratrduallypknowato
<br />other are
<br />rix to 6e the identical person $ whose frame S are affixed to the above' as mortgagor S and they sererally
<br />ackaowltdged the said instrtrmeat to be their voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the date aforesaid. /
<br />My Comatission czpiics r ~
<br />~t_sm m ~/ , ~ ~~ Notary Public
<br />r ~ t GEftERAt HD7ARY .Stela 6I Nor,
<br />~ .LAMES w. OLSON
<br />j MY Com... Erp. Nov, 12; 14179
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