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<br />MOPTf,AGE LOAl~i NO. L 23505
<br />IcNOwAI-Ll~f~av"I~fESl:ri~sr;N'ts:rftat Alfred W. Beokler and Judith K. Beekler AND Duane P..
<br />Obermier and Bonnie ~. Obernlier, each in his and her ot~,m right and as spouse of each other
<br />--Mortgagor, whether otse rn more, its cons;deratiou at the u®of
<br />Seventeen Thovland Six Hundred and NO/100---------- ----------------- --mss
<br />loatsed to said mortgagor by The Equitable $uldisg and Loam Assaciazion of Grand Istard, Nebxaska, Mortgagee. uponl ~~ shares of mtoek of
<br />sL~d ASSOCIATION, Certduate No. L 23505 , do hereby grant, convey and mort~ unto the said ASSOCIATION the following
<br />tkscrr'bed real estate, situated in Hall County, Nebraska:
<br />North i%2 of Lotsl and 2, Block 68 Wheeler & Bennette 2nd Addition,
<br />City of Grand Island, Hall County, Nebraska.
<br />-together with aIi [rte tenements, ttetedetaments and appurtetrances thereunto betongiug, including attadted floor coverings, sB window stzsens,
<br />vrindow °~tr odes, blinds, storm windows, awnings, heating, air romlitioning, and p6umbing and water equipment and accesmriea thereto, plr~,~atcs,
<br />rt:fr~eratcus, and other fiziures and equipment now or hereafter attached to or used sn conrsection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all [axes and a~enis kvrsed or
<br />-assessed upon said premises and upon this mortgage and the bond secured the:eby before the saw shall become detingixnt; to fsrtrrish apprav-ed
<br />itsurance upon the buildusgs on said premises situatsd in the sum of S 1 ] a bDQ, QQ payable to said ASSOCIATION and to deliver to sgid
<br />ASSOCIATION the noticies for said insurance; and not to commit or permit any waste on or about said premiss;
<br />In rase of default in the performatsce of any of the terms and conditions of this mortgage or the bond sawed hereby, the ttsottgagrs stall,
<br />or. ~3niartd, be entitled xo immediate possession of the mortgaged premises and the mortgagor Fxrehy assns, transfers and sts over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged pretuiss durir~ ssch time as the mortgage indebtedness shag remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the ptupos of repaitirig said premises apd renting
<br />the same and aailectissg the reps, roventtes and income, and it may pay out of said income all expemn of repairirrg aid premiss and necessary
<br />commissions and expenses incurred in renting and maraghag the same and of ~Ikttirsg rentals therefrom; the balance remaning, if any, to be
<br />applied tawazd the discharge of said mortgage indebtedness; thes rights of the mortgagee tray be exerdsd at any time during the existence of such
<br />default, irrespectim of any teraaporary waiver of the arse.
<br />~t.-s Fresnts, #sawever, are upon ttie Condition, Tha[ if the said Mortgagor studl repay said huh on or before the tttatvrity of said shares lay
<br />payment; pay monthlp to said ASSOCIATION of the sum specified in the Good secured hereby as interest and ptina~l an said ktan, on or before
<br />t-he Tweruieth day of each and erery month, until said loan k fully paid; pay all taxes and »~~+++tn[s levied against acid premises and an this Moris~a
<br />a.~ il.'ie uM,.=:d tea:, i! 4he;ehY, L~fcre detingt~rs.^y; fu,°saisla Apr ;~ insttranrr; upon €h: hur~.gs t:.e:~ : a; the stay of 5 i 7 _ j Cif . Q~ 1_ F~aya
<br />td son; A.iSiia.in iiPti; repay is aid naiOC;A a rir'ri umo demand alt money by ii paid for atsr~t tsx~, assc~ssents ease its*zvxrsce wilts #nteres! at
<br />the maximum kcal rate thereon from date of nav_ment alt of which ~Inrt r hereby v~rees to ma• ..rrm.a ~, d:.r, ~;.t :.K• a,».. ~..r _•
<br />watts alt ~ a~e.~e~ asd asa?nditinns cf rJse. ~ Bow for S 1 ~ ,v(}Q~{;n Lhis i9y pjyprs by th< ~~ ~!cari~~~ is A.:~,.e~^'.x'IATI~'^. i, ;~ ,~ r:~
<br />wins sit the requirements of the Constitution and BY-Laws of said ASSlCIATION; then then presenu shall become null and void, otherwise they
<br />shalt renaaio in full facet and may be forecbsd at the option of •_he said ASSOCIATION after failtue for three rrsanths to make any of said
<br />payments or hs three :aonths m arrears in malting said monthly payments, or to kelp and wmply with the agrcements and condnions o€ said Bond;
<br />and ?Aortgagor agrees io have a receiver appointed forthwith in such forectousre proceedings.
<br />[f there is any change bs ownership of the real estate ptortgaged herein, by sale or otherwise, then the chive tenuining indebiedaea hereby
<br />secured aisall, at the option of The Equitable Buitding and Loan Assoc#ation of Grand laiand, Nebraska become hnttwtiately due and payable without
<br />ftuther notice, and the amount remaining due under said taond, and any other bond for any additional advances made tbereivder, shag, from the
<br />date of exeacas of aid option, beu uttesest at the maximum legal nte, atxi this rtsortsitge may then be tored~ed to atixfy lire amount due an said
<br />bard,atd any Wiser band fm addttiatsat advances, together with all sums paid by aid The tquitabk SuHdirag and Loan Aaociation of Grand Isi~d,
<br />Nebraska for instuance, taxes and asaes~rxnta, and abstracting extension rJwges, with #uterest thereon, from date of
<br />payment at toe maximum
<br />legal rate.
<br />As provided in the Bond scored hereby, while ttsis mortgage remains m effect the mortgagee may hereafter advance tdditiorsal sums to the
<br />makers of acid Band, their assigns or successors in interest, which sums shall be within the scarify oft ' mortgage ttx same ea the funds orit~tuilly
<br />aecsrred tfxreby, the total amount of principal debt not to exceed at any time the original atitount oft rtgtge.
<br />tedttais ~~d~~M Jof August A-O•,I9 79
<br />~ a
<br />©~` cr Dtia A. Ooe ie ~ ~
<br />~udith K. Beckler ~• 5'~"'""`~''~ --
<br />onnie L. bermier
<br />STATE cIF NEBttASKA, ~ a. p„ ~ 3rd day of August 19 79 ,before vu,
<br />COI3N7Y GF HALL
<br />the undersgned, a Notary Public in and for aid County, personally satire
<br />Alfred W. Beckley & ~Tudith K. Bect.te~Ce A. Obermier & Bonnie L~aObermier, eac~yh in his
<br />and her own right and as spouse of.~~h~-o~.,<~, w are t ~O`Y°t°
<br />itx to 6e the identical person $ whose trarn~, i!"t'@ al'ft 'X[d;1 ~ e abo~ itutrtt~nt as awrtgagor S and theysuvxntiy
<br />atktrovwledgd the said instxutttent fo be the ~` •blantary act sea
<br />wtTNNESSS my ha~snd Nma~t Seal thr .af ;
<br />My Co.K.n:4;a, exi.;ti;& ~a :~! ~t~ ~- - - ~` ) era .G'1„s~%L
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