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<br />MORTGAGE
<br />MORTGAGE L oAN No. L 23451
<br />KNOW ALL MEN BY THESE PRESENTS: ThatJaf62S E. ROSS and Janet M. Ross, husband and wife, AND
<br />Delbert D. Theasmeyer and Lois A. Theasmeyer, husband and wife
<br />Mortgagor, whether one or more, in consideration ot" the sum of
<br />Fifty._three thousand six-hundred and NO/100--------------------------------------~LLARs
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand !stand, Nebraska, Mortgagee, upon 530 shares ot'stock of
<br />said ASSOCIATION, Certificate No. L 23451 , do botchy grant, com'ey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT TWELVE ROSS-THEASMEYER SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditamenu and appurtehances thereunto belonging, including attached floor coverings, all window xreens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plambing and water equipment and ac::eswries thereto pumps, stouts,
<br />refrigerators, and other fixtures and equipment now or hezeafter 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 std asxssments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured dtrreby before the came shall become delinquent: to furnish approved
<br />insurance upon the buildings on said premises situated in the sum oCS 53,600.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCLATION the policies for said insurance, and not to rnmmit or permit any waste on or about said prettuses;
<br />In cast of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shah,
<br />nn demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns. transfers and sets over to the
<br />mortgagce alt the rents, revenues and incamz to be derived from the mortgaged premises during such time as the mortgage videbtedness shall remain
<br />uapnid; and the mortgagee shall Gave the pewit to appoint am• agent or agents It may desire for the purpose of repairing said premises and renting
<br />the seine and collecting the rents, revenues and inrnme, and ii may pay out of said income all expenses oC repairing said premises and necessary
<br />commissions and expenses incurred in renting and maneQirtg the same and of collecting rentals therefrom:, the balance rttnaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness: these rights of the mortgagee may be exercised at any time during the existence o[ such
<br />drfault, irrzspecuve of any temporary waiver oC the semi- "
<br />Three Presents, however, art upon the Condition, That if the said Sortgagor shalt repay >aid loan on or before the maturity of said shares by
<br />pactntrt; pay morthlp to said ASSOCIATION of tbe sum sixci!ied ir, the Band secured hereby as inte¢st and pnncipal on said loan, on or before
<br />the Twertirth day oC each and every month, until said loan is fully paid; pay all tarts and assessment levied against said premises and on this >iortgage
<br />and the Bond srcurtd thereby, befc+e delinquency: furnish appmsrod insurance upon the buildings thereon in the sum of 5 53 ,600, OO payable
<br />to said ASSOCIATION; repay to said ASSOCL4T10N unan demand all money by it paid far such texts, assessriie:tts and insurance with interest at
<br />the maximum legal rate rheaar, from date ai payment all of which Morigagor hereby agrees [a pay: permit no waste on card premises: keep and comply
<br />with aR the agreentenis and conditions of the Bond for S 53 7600 OO this dap givzn by the said Mortgagor to said ASSOCIATIO\, and wmpty
<br />with aH the requuemer.(s of the Constitution and By-laws et said ASSOCIATION: thin these presents shall become null and void, otherwise they
<br />shall amain m full toter and may be foadosed at the option of the said ASSOCIATIOK after t`ailure tar ihre months to make any of said
<br />payments or be three months m aneazs in making said monthly payments, er to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor <grrzs to hour a receive: appointed forthwith m such tarzclasure proceedings.
<br />If there is any change m ownership of the real estate mortgaged herein, by salt of otherwise, ihcn the cultic remaining indebtedness hereby
<br />secured sltatl, at the option of Thr Equitable Building and Loan Association of Grand Island, Nehraska,bersnie immediately due and payable without
<br />furttxr notice, and the amount temaining due under said band, and an} other bond for any additions! advances made thereunder, shall, from the
<br />date of exrrc+zr of said option, bear inirrest sr tfie maximum legal rats, and this mortgage may thin be foreclosed to satisfy the amount due on said
<br />bond,and any other band for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for msuranc-e, taxes and asiessmrnts. and abstracting extension charees, with interest theram, from date of paytirent at the maximwn
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect ihr mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns ar successors in inteast, which surds shall be w•ithir. the security of this rnartgage the same as the funds ariginatly
<br />~ed theeby, the total amount of principal debt not to exceed at any time the origirul amount of this mortgage.
<br />i
<br />r,at_~,,i,:~ 75thdavaf .lone /~n.14 79
<br />~,~ e ~ ~~J, e er Beyer
<br />et M. Ro -~ _ ,rte
<br />o s easmeyer
<br />STATE OF NEBRASKA, i ~ On this 15th day of June 19 79 ,before me,
<br />COUNTY OF H.4LI. j
<br />the undersigned, a Notary Public in and for said County, personally wme
<br />James E. Ross and Janet M. Ross, husband and wife
<br />AtiD Del Bert D. Theasmeyer,-and Loi easmeyer who are personally known to
<br />toe to be the idrntir~l person S whose 1..a~f~rhy ed to the above instrument as marigagor5 and they severally
<br />acknowledged the said instrtiatent to be t +y ,.~ ' v8]iplAcy'igt fi~[d deed.
<br />WITNESS my head sad -' - Srai the date afZxe~ti
<br />MyCornmissionexpues~~_7 ~v,,~ t(~~~~~~ ~~~ti~~'"~j'7
<br />a.[ ~ ~ L ~ Notary Public
<br />~Y.
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