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Mol?TL;AGE
<br />sfr~l~TGAC;I Lt?A> ~~. L 23400 _
<br />x.~iowALLME~iB~rHtsEeEZESE~°rs:Tt,a= Don E. 8rechbill and Pam E. Brer_ybill, each in h#s
<br />and her own right and as spouse of each other
<br />----_ Mortgagor-wlttt}ter one oz more, in consideratitrn o€ tix arrzn of
<br />Forty Six Thousand Three Hundred and NDJt00--- _____________________..DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Luau Association of Grand is}and, Nebraska, Mortgagee, upon 463 shoes of stock of
<br />said ASSOCIATION, Certificace No. L 2340D , do hereby grant, convey and mortgage unto *.he said ASSOCIATION tht foIIow-ing
<br />described r*_al estate, situated in Hail County, Nebraska:
<br />LOT TWO {2) IN SllNSET SECOND SUBDIVISION, BEING
<br />A PART OF THE NORTH HALF OF THE NORTHEAST QUARTER
<br />(N%ZNE4} OF SECTION ELEVEN (11} IN TOWNSHIP ELEVEN
<br />(11} NORTH, RANGE TEN (10) WEST OF THE 6TH P.M.,
<br />HALL COUNTY, NEBRASKA.
<br />together with all ttte tenements, hereditaments and ap°yurtenanees thereunto belonging, including attached floor coverings, all window screens,
<br />- window shades, blinds, storm windows, awnings, heating, 2ir conditioning, and plumbing and water equipment and accessories [hereto, purnps, 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 assessmen€s levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of 5 46 , 3DD. DD payable to said ASSOCIATION and [o deliver to said
<br />- ASSOCIATION the policies for said insurance; and rot to commit or permit any waste on or about said premises;
<br />In case of default in the performance of any of [he terms and conditions of this mortgage or the bond secured hereby, [he 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 />- 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 i[ may pay out of said income atl 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 mortgage indebtedness; these rights of the mortgagee msy be exercised at any time during the existence oC 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 oC said shazes by
<br />paytrtent; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, an 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 amt on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in ire sum of 5 46 , 3DG. GD payable
<br />to said kSSOCIATION; repay to said ASSOCIATION upon demand alt money by it paid fur such taxes, assessments and insurance with interest at
<br />- the maximum legal rate [hereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said prtmiur, keep ardcamply
<br />with aA the agreements and conditions of the Bond for S 46 3DQ, DD this day given by the said Mortgagor to said ASSOCIATION, and ~rtnply
<br />with all the requvemenis of the Constitution and By-Laws tshsaid ASSOCIATION; then these presents shag become null and void, otherwise they
<br />shat! remain in full force and may be Coreclosed at the option of the said ASSOCIATION after failure for three months in make any of said
<br />payments or be Three months In arrears in making said monthly payments, or [o 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 />_ [f there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable $uilding and Lnan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maxirnum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond, and any other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, texas and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in [he Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />- Dated this 28th nay of Apri 1 A. D., 1979
<br />~~ e ~ ,'
<br />r ~ ri
<br />am re 1
<br />S'L'ATE OFNEBR~SKA, i ~ day of
<br />COUNTY OF AALL ss. On [his 2. ~' ~" ,~ P~ ~ L 19 J~' ,before me,
<br />. - _ the undersigned, a Notary Public in and for said County, personally came
<br />#3on E. 8rechbill and-Pam E; 8rschbill, each in his and her own righ~ and as spouse of
<br />each oi:her 'v o dre personally known [o
<br />ttm to be the identical persor$ whose names are affixed to the above instrument as mortgagor S and they severally
<br />acJcnowkdged the said instrument to be their voluntary act and deed.
<br />WITNESS my hand and Notazial Seal the date aforesaid.
<br />My Cosnnusston expires a"Y 1 ~,t 1 ~ l~
<br />i
<br />s.t•sM w = a ~ >< `- ' ~?? a3 F:;3r;~a ry Public
<br />_ Pvt. +,v. SA<•? t
<br />(~ °+Y C~:err. -`,xq. d~~g. 31, f^3? !I
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