|
y9-it~1-~843
<br />MORTGAGE
<br />MORTGAGE ! OAN NO. L 23452
<br />KNOW ALL MEN BY THESE PRESENTS: That Edward J. Belzer and Leona M. Belzer, edCh in hiS and her
<br />own right and as spouse of each other
<br />6!artgagor, whether one or more, in consideration of the sum of
<br />Forty thousand and No/100-------------------°-_------------------------------------_BeLLARs
<br />lo: ned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon4D0 Shares of sloth of
<br />said ASSOCIATION, Certificate No. L 23452 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT TWENTY TWO (22), BLOCK FOUR (4), BRENTWOOD SUBDIVISION
<br />IN THE CITY OF 6RAN0 ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all the tenemehts, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awr»ngs, heating, air conditioning, and plumbing and water equipment and accessories thereto,pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in wnnectior! 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 assessments 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 />instrance upon the buildings on said premises situated in the sum of $QQ,QDD, Q© payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not io commit or permit any waste on or about said premises;
<br />In rase of default in the performance of any of the terms and rnnditions of flits mortgage or the bend secured hereby, the mortgagee shad,
<br />on demand, 6e 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 inwme io be de: ived From the mortgaged premises during such time as the mortgage indebtedrnss shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents i[ may desire for the purpose of repairing said premises and renting
<br />the saute and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises end ntassary
<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 indebtedrxess; these rights of the mortgagee may be exercised at any time during the existence of such
<br />defauit,'v[espective of any temporary waivYr of !fie same,
<br />These Presents, however, are upon the Co ;dition, That if the said Mortgagor shalt repay said town on or before the maturity of said shares by
<br />payrr>Em; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, nn or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay ail taxes and assessments levied against said premises alai as t}tis Mortgage
<br />and- ifte Mond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of 5 40 ODD payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such razes, assessments and mst$antt wtt interest at
<br />the suaximum legal rate thereon from date of payment alt of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />with aL the agreerrnnts and conditions of the Bond for St~O a(3(I _ fI0 this day given by the said Mortgagor to slid ASSOCIATION, and caneply
<br />with a6 [he requireraenis of the Constitution and By-Laws oP sa IATION; thin these -presents shall become nul3 and void, otherwise they
<br />shah remain m £ull force and may be forecloud at the option of the said ASSOCIATION afar failure for three months to retake any of said
<br />payments or be three months in arreazs in making said monthly payments, or to keep and Comply with the agreements and mrditions of said Bond;
<br />anti Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proreedirtgs.
<br />If there is any change in ownership of the real estate trtortgaged herein, by sale or otherwise, then the entire remaining indebtedrtess hereby
<br />seuured shall, at the option of The Equitable Buiding and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br />fiuiher notxx; sod the amount remaining due urakr said bond. and any other bond for any additional adrances matte thereunder, shsB, from the
<br />dote of exercise of said option, bear interest at the maxirrttrrrt legs! rate, and this mortgage may then be foreclosed to satisfy the amotmt due oq said
<br />bond, and any other band for additioral advances, together wish all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and asstssmen*.s, and abstracting extension charges, with interest thereon, from date of payrntnt at the maximum
<br />legal rate.
<br />- - As~ provided in the Blend secured hereby, while This mortgage remains in effect [he mortgagee may hereafter advance additional sums to the
<br />rnakera of sad Bond, tbeir assigns or successors in interest, which sums sttali be within t}u security of this mortgage the same as the funds originally
<br />heteby, tltc total amount of principal debt not to exceed at any time the original anwtmt of this mortgage.
<br />eed-this ' t nay of June A. D., 19 7g
<br />r
<br />~tia' fit. Belzer
<br />STATE OF NEBRASKA, ~ az. On this 18th day of June 19 79 ,before roc,
<br />COU1tP1'Y t)F H.1I:I.
<br />the eytdersi ned, a Notary Public in and for said County, personally carne
<br />EdltFard J, Selzer and Leona M. Belzer, each in his and ~ler own right and as spouse of each
<br />Gl' who are petaonatly known to
<br />roe to be the ideatkal ptrron `~ whose nettle s are affixed to ttu above • t ortgagor S ~ theY severally
<br />sd~tow laagyea the aid lnstrttanrtt to bs their voluntary act ana aeea.
<br />~..
<br />wITrlFSC my band ants Notate! ,sal the tint! aforesaid.
<br />. My Cwnmissiort expires .
<br />Notary Public
<br />at-stn at ~EN€ttAl hpTAti1! - $hg at~ `
<br />1AMES W, Ol$ON
<br />ah Comm. Esp. Nev. 12, 1979
<br />
|