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79-~~ Ui;256
<br />MORTGAGE -
<br />MORTGAGE LOAN NO. L 23408
<br />KNOW ALL MEN BY THESE PRESENTS: That Eugene C. Beck and Ruth M. Beck, each i n his and
<br />her own right and. as spouse of each other,
<br />Mortgagor, whe;her one or more, in consideretion of [ht sum of
<br />Twelve Thousand and No/140----------------------------°--------------•--------------DOLLARS
<br />boned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortnagee, uixrn i 7Q charts of deck of
<br />said ASSOCIATION, Certifi~te No. L 23448 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />dexribed real estate, situated in Hal! County, Nebraska:
<br />LOT FOUR (4) IN BLO%K SEVENTEEP7 (17)
<br />BONNIE BRAE ADDITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together with a$ the tenements, herediraments and appurtenances thereunto belonging, including attached 1?oor coverings, all window xreens,
<br />window shades_ bLnds, storm windows, awnings, }mating, air wnditionine, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigeretors, and other ; txtures and equipment now or hereafter attached to or used in connection with said real state.
<br />And whereas ins said mortgagor has agreed and does hereby agree that the mar[vagor shall and will pay atl taxes and assessrrxnts levied or
<br />assessed upon said prert»sss and upon [his mortgage and the bond secured thereb ~ before the same shall become delinquent; to furnish approved
<br />iasurana upon the buildings on said premises situated in the sum of S 12, 049. ~74 payablr 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 mnditians of tttis mortgage ar the bond sectued hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and uts over to the
<br />imrigagee ail the renu, revenues and income to be derived irom the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall 1[sv'e'he power to appoint any agent or agents it may desire For [he purpose of repairing said premises and renting
<br />the carne and mBecting the rents, revenues and incat:x, and it may pay out of said income all expenses of repaving said premises and necessary
<br />mtis_ztissions and expenses incurred in renting a:xt managing tee same and of collecting rentats therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgags indebtedness;these rights of the mortgagee may 6e exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />Tte~ Presents, hcwever, are upon the Condition_ That if the slid Mortgagor shall repay said loan an or before the maturhy of said shares by
<br />pa}•ment; pay rrronthiy to said ASSOCIATION of the sum specified in the Fond secured hereby a=_ 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 as~ssments lev9ed against said premises and on this Mortgage
<br />artd the Bond sectr_rtd thereby, befete deiinqusnty; furnish approved insm-artu upon the buildings thereon in the sum of S ~ 2,444, 44 payable
<br />xo said ASSOCLATION~. reoa}- to said ASSOCIATION upon demand all money by it paid f'or such taxes, asxssments and insurance with interest at
<br />the irtattimutn kcal rate thzreon from Sate of payment all of which Mortgagor hereby agrees to pay; permit no waltz on said premises;keep and comply
<br />with ail the agreements and conditions of the Bord for S12 444.44 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with ail the reauirernrnts of the Constitution and Sy-Laws a~ said ASSOCIATION; then these prexnts shall became null and void, otherwise they
<br />sha31 rerr>sin in ft:B farce and may be foreclosed at the option of the said ASSOCIATION aster failure tt"cr three months to make any of said
<br />payments or tz these months in arreazs is making said manthh~ pa}•ments, or to keep and comply with the agreements and tronditiers of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclastue proceedings.
<br />If theta is any change m owixrship of the real estax vwrtgaged herein, by sale ar otherwise, teem the entire remaining indebtedness hereby
<br />muted shall, at Hutt option of The Fquitab}e $ttilding and Loan Association of Gr-md Island. Nebraska,becamt immedratel}• due and payable without
<br />further notitt, and the amount remaining due under said bond, and any otter bond for any additional advances tnadt thertttndu, shall, from the
<br />date of exest~s of ~ option, bear nrterest ai the maximum lsgai tart, and this mortgags may then be fortciosrd ro satisfy the amount due on said
<br />bond, and any other bond for additional advances, together with all sums paid by said Tits Equitable Building and Loan Association of C,rand Island,
<br />tdebra~ta for inwrancs, ta_+tu and assessmtats, and abstracting rxttnsion charges, with interest thsrson, from dart of payment at thr. maximum
<br />Ie6altate.
<br />As provsdsd in the Bond secured hereby, while this mortgage remains in effsct the mortgagee may hereafter advents additional stuns to the
<br />t>micen of sai3 Bond, their assigns or sere-censors in interest, which sums shat! bt with~rt the security of this mortgage the Sarre as the funds originally
<br />stxttrrd thereby, iIu total amount of principal dsbt net to excced at any time the original amount of this mortgage.
<br />natea thG 4th nay of May A. D.. 19 79
<br />~w ~ ~~~
<br />~n etc .~_
<br />,. ~~ ' .~
<br />srAr ;~ :~~ASxA,
<br />`,~~ ~ HAt t sc. On this
<br />Euge~ C. 8e4k and Ruth t3. Beck,
<br />each in his-and her clan right and as
<br />4th day of May
<br />1979 ,before rne,
<br />the urtder,igmd, a Notary Public in and for said County, personally came
<br />spouse of each other, who are peraonallykrrownto
<br />me W be tote idsntidl person 5 whoa nuns 5 are affixrA to the above as mortgagor 5 and they savtrelly
<br />aciutowkdged the said instrument to be i p voluntary ut and deed. ~ ~~
<br />Pt;ITNF~S my }turd atad Nt+urlal Seat the date aforcssid. / ~' .
<br />My Commisaktn expire // i'"-~~'[i.c_ ~'' ~~~ _ ~ f ~._~r'?•' 1
<br />~j / ~.~~ Nut• ry Public
<br />Yi3i(kl ~~~~~J ,,, / ! fG,1 -~~ GkNLgn, NJiAkr.$tate of NrG:.
<br />A`1 C,'- ~`-, t x'= h, pv. iL 177
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