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<br />MORTGAGE -_ - --~--- --_-=--~._._~._..~_.__._..._~__~_ - - -~'-_=
<br />-~_MOttTt;AGE LOAN No ~ L 23632363&~
<br />lQ~lowALLMENBYTHFSEPRESENTS:That Carlton L. Beckstrom and Karen M. Beckstroin, each in his
<br />and her own right, and as spouse of each other
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Thirty-nine Thotst~and Six hundred and Noll00_______________________________________ ooL[.nRs
<br />Loaned to said inartgagor by The Equitable Building and Luan 4sro+;iation of Grand (stand, Nebraska, Martgaget, upon 396 sh -es of stock of
<br />said ASSOCIATION, Certificate No. L 23636 , do hereby grant, convey and mortgage unto the said ASSOCIATION the foliowveg
<br />dessritred real estate, situated in Hall County, Nebraska:
<br />LOT TEN (10) IN BLOCK TWO (2) IN "WIESER
<br />SUBDIVISION", BEING A PART OF THE WEST HALF
<br />OF THE SOUTHWEST QUARTER (w2SW4j OF SECTION
<br />TWO (2), TOWNSHIP ELEVEN (11) NORTH, RANGE
<br />TEN (10) WEST OF THE 6TH P.M., HALL COUNTY
<br />NEBRASKA.
<br />together with all the tenements, fierrditamen[s and appurtenances thereunto belonging, including attaehtd floor coverings, all wireduw screens,
<br />window shades, blutds, storm windows, awnings, heating, au conditioning, and plumbing and water equipment and accessories thereto, pumps,stoves,
<br />refrigerators, and outer ti Mures and equipment now ox hereafter attached to or used in cronnecrion with said rca! estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that [he mortgagor shall and will pay all taxes and asaossirtents levied or
<br />assessed upon said premises and upon this mortgage and [he bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon fire buildings on said premises situated fn the sum of S 39 , 600.00 payable to said ASSOCIATION an3 to deliver [o said
<br />ASSOCI ATION 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 conditions of [his mortgage or the bond secured hereby, the mortgngee stall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over W the
<br />mort~t~e all the rents, revenues and income to be derived from the rnorigaged promises during such time as the mortgage indebtedness shsB rerttai:t
<br />unpaid; and the mortgagee shall hace the power to appoint any agent or agents i[ may desire fur the purpose of repaving raid promises and ranting
<br />the carne and collecting the rents, revenues and inrnme, and it may pay out of said income all expenses oC repairing said premius and necesslrY
<br />ootnniissions and expenses incurred in renting and managing [he same and of collecting rentals therefrnm; the balance remuttirtg, if any, io b<
<br />applied toward the discharge of said mortgage indebtedness; ihes rights uC the mortgagee vray be exercised at any tune during the existence or such
<br />default, irrespective of any temp+xary waiver oC the same.
<br />These Presents, fa)wever, ace upon the Condition, That if the said Mortgagor shall repay said loan on ur before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION uC the sum specified in the Bond secured hereby ss interest and principal on said loam, on of before
<br />the Twctnieih day oC each end emery month, until said loan u ftdly paid; pay all taxes and asa~essments levied agair}xi said premises and on this Mortga~
<br />and the Bond cured ifter+:by, before delinquency; Curnisft approved insurance upon the buildings thereon in the cam of S 39,600 , [!~ payable
<br />to said A~..a't3CtAT'it7N; repay to said AS,SCiC'1AT1ClN upon demand art money by it paid roe corn taxes, assessments and A4 r with gtetest at
<br />Lhe r:.sximusn R-ga! rate thereon from date of payment al! of which Mortgagor fterebq agrees to pat;permit na vrs~ue on mid przmir~s; kip and cr:mp~
<br />erith sit rice agroetrtonts and cor:ditions uC rite Frond Cory 39 r 6u~, Quhis day given by the said Mortgagor to said AS~tX:IA7TClIY, and sxrmply
<br />with cell i; e r~tttrer~~,is UC t=~:-:'e;nstitutio~ and Py-Laws of said A~C,`CtATfON; then elt€,e pr~uCS shad ~r~ uutt atni said, utherwi~ ihay
<br />shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failum for tierce months W make any aC said
<br />paytrtents or be three months in arrears in rnakeng said nwnthly payments, ur to keep and cotrply with the agreements and conditions of said Bortd;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such (oreclusure proceedings.
<br />-C there is any change in uwrurahip of the real csfate mortga$ad herein, by sate ur otherwiu, then the enure remaining fndebtednees hereby
<br />accrued shall, at the option of The Equitable Building and Lunn Association of Grand Island,Nebraska,hecome immediately due and payable without
<br />further notice, and the artxrunt rerrutining due under said bond, and any other bond fur any additional advances made thtreundcr, shag, cram the
<br />date of exercist of said option, bear interest at flu maximum legal rate, and ibis mortgage may then be foreclosed to satisfy the amount due on said
<br />bond, and any other bond for additional advances, together with all sutra !aid by said The Equitable wilding and Luau Association of i:rattd {eland,
<br />Nebrsvkn fur insurance, taxes and assesstrunts, and sburecting extensian charges, with interest thereon, from data oC payrttent at the maximum
<br />legal rate.
<br />As rovided bt the Bond secured hereby, while this mortgage remains in eCCect the mortgagee may hereafter advance additional soma to the
<br />makers of said Bund, choir assigns or successors in interact, which aunts shall be within the security of this nnntgage the same as the t'tutds utigindly
<br />soctired thereby, rho wfal anarunt of principal deb[ not in exceed at any [into the original antututt of ilea mortgage.
<br />paled this q h day of September A. p.,1v lg
<br />~_
<br />Karen M. eck's
<br />SPATE i~F II~~~, ss. On this .~ '~ day of ;~;~t.e~4~•,• f~~,i. t9 r 5t > heroes rnF,
<br />ctxlNTY of: t~lw~ } p ~, .,/~
<br />--~..,~.,u.~ t~.fF,irs'~ ~ .'~ "'"`r" the trrtderaigned, a Notary Public in and for said County, personalty t~
<br />r ~,
<br />/~2~/~,,.L. ~ F ~•r~~jt,,,,tr, ~•~.e~ ~~i22a /~~ /,~+t.`.r~.~, robs ~L~.. penonaBykrtownto
<br />me to be the identical person S whos~e [//tame 5 ~'~- Iixed to the alcove inairument g£ mortga~vr~y, `'. " ~S,tv~ ~ctt.~. severally
<br />ackrtawkdged the saidmstrutrunt to bo ..~k~sh vahvnary act and deed. ..' ~,a t' ••"~•ti ••~
<br />p4TNNSS my hand and Notarial Seat the date a€oresaid. ~ ~ ~, ~ •• ~ ~ •~
<br />My Commission expires j lf'~Ca-C.a.'te ,3~ l `~t~ot~ .--.., j` ~~ ~ t~
<br />ta~ezzx of ~~ -s ~ :. (~p rr. otary Ptrbtic
<br />v~"• 'Y `~
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