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<br />MORTGAGE
<br />MORTGAGE LCD.:J No. L 23416
<br />iQVOwALLMENBYTHESEPRESENTS:That Thomas D. Erickson and KimberleeAnn Erickson, each in
<br />his and her own right and as spouse of each other
<br />Mortgagor: whether one or more, in consideration of the sum of
<br />Forty Thousand Five Hundred and No/IOQ---------------------------------------------DOLLARS
<br />loaned to said mortgagor by Tht Equitable Building and Luan Association of Grand island, Nebraska, Martgagae, upon 4Q5 shazes of stock of
<br />said ASSOCIATION, Certificate Na. L 23416 , do he2by grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LDTSDNE (1) AND TWO (2), HQMESTEAD SUBDIVISION,
<br />HALL COUNTY, NEBRASKA.
<br />together wish all the tenements, herediaaments and appurtenances thereuma belonging, including attached floor rnverings, alt window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto pumps, stoves,
<br />refr~erators, and other futures and equipment now or hereafter attached to or used ;n connection with said real estate.
<br />And whereas the said mortgagor has agreed sad does hereby agree [hat the mortgagor shall and will pay all taxis and assessrtnnts levied or
<br />asse~d upon said pt~mists and upon this mortgage and the bond secured therebv before the same shall become delinquent: to famish approved
<br />insurance upon the buildings on said premises situated is the sum of S4D,5DD.6D payable to said .4SSOCIAT[ON and to deliver to said
<br />ASSOCIATION cite policies for said insurance: and Trot to commit or germi: any waste on or about said premises;
<br />in cast of default ir. the performance of any of the terms and conditions of tits mortgage or the bond secured hereby, the mortgagee shall,
<br />an 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 acrd income to bt derived from the mortgaged premises during such [ime as tht mortgage indebtedness shall remain
<br />unpaid; and the tnorigaget shall havx tht power to appoint any agent or agents it may desire for the purpose of repairing said prernise~ and renting
<br />rite satot and twBectatg the rents, revenues and income, and it may pay out of said income all expenses of repairing said prtmises and u:awry
<br />commissions and expenses incurred in renting and managing the same and of calk[-ting rentals therefrom; the baiana remaining, if any, to tx
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existtnee of such
<br />defauh, irrespective of any temporary waiver of the same.
<br />These Presents, howevrt, art upon the Condition, That if the said Sinrtgagor shalt repay said loan on or before the maturity of raid shares by
<br />payment: pay monthly to said ASSOCIATION of the sum specified m the Bond secued hereby as interest and principal on said loan, on or before
<br />the Twentiesh day of each and even month, until said Ivan is fully paid; pay aIS taxis and assessrrttnts levied against said premises and on this Mortgage
<br />arxd the Bnnd secured thereby, before delingtttncy; fwnish approved insurance upon the buildings thereon in the sun: of S 4D, 5DD. DD payable
<br />to said .ASSOCIATION: repay to said ASSOCIATION upon demand all nsuney by it paid for such taxis, asstssman_s and insurance with interest at
<br />the tnaximum kgai rate thereon from date of payment atI of which Mortgagor herrby agrees to pay; permit no wane on said premises:keep and comply
<br />wish all the agreements and conditions of the Bond far S 4Q , SOD, DD this day gluts by the said Mortgagor to said ASSOCLATION, and comply
<br />[rich aL' ihx rtxiuirements of the Camtitu.ian and By-Laws of said 45SOC1ATION; thxr, these presents shall becortte nuIl and raid, oiherwis¢ they
<br />shall amain m fuB forte and may be foreclosed a[ 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 to have a rtceivcr appointed forthwith in such foreclosure grw:etdutgs.
<br />if thrre is any change in owtxtship of the real tstatt mortgaged herein, by sale or athrrwise, then the entire remaining indtbtedress hereby
<br />serued shall, at the option of The Equitable Building and Laan Association of Grand Island, Nebraska,becvrrn immedia[eiy due and payable without
<br />further notice, and ehe amount remaining dui undtr said bond, and any other band for any additional advances made thereunder, shag, from the
<br />date of exercise of said option, bear interest at the maximum 3tgs1 rate, and this mortgage may then be forer]osed to saaisfy the amount dice on said
<br />band, and any other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand island,
<br />NsbnsLa for insurance, taxes and asstss[isen[s, and abztncetng extension charges, with interest thereon, from dart of payment at the maximum
<br />legal rats'
<br />As pravs~d in the Bond sewreti Irtreby, x~hilt this mattgage remains in effect the mortgagee may }treafter advance additional sums to the
<br />matters of ~ Bard, tlxir'~, ` or su.: sots in interest, whxh sums shaIl be within the srcuzity of this mortgage the same as the funds arigirally
<br />xctned thereby, the total attwtmt of principal dohs not to txcced at any time tin original amount of this r.^.ortgage.
<br />this ~/j1~[jjth Qty ar May A. D.. 19 79
<br />,•,j 5 7~[S ~ ~ l
<br />n r G SLt! ~S.C
<br />~~ ~ ~ tat. On zitix iDth day of Mdy 1~9 .before tru,
<br />tin undtrrigrted, a Notary Pubfic in and for said County, perwnally came
<br />7~11iflS ~. £ritckson and KimberleeAttn Erickson, each in his and her ol~m ri~ht and a~ douse
<br />EilC~t_O1:hEr w ° a e person y nown to
<br />tstc #a 1aE tins in paw w.~',rat r aiT'nttd is fln abovc~.t as mortgagor S and they sav~zraily
<br />iha a+d ~xrtmoent to be th@9 r wiuntary act a:,d dirs.
<br />911TNE3'S rqy t~ and Ir}alatitl Seat the dais aforesaid. ` t`.~^ ~
<br />#3y Comtns~aion expires
<br />w sae v /i--ea--c/ _ / '7/
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<br />-~ ._.~.-- Notary Puhhc _
<br />GfNE!?AL ti2'fARY S•.xte . ~r Y~_.pr.
<br />.t~hlC4 t7. C,i..',::1-.
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