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<br />l4fOkTC;AGE __
<br />~^~_~^~~~- ~- ~~ kiOkTGAGE LOAN NO. L 23534 _
<br />KNOW ALL MEN BY7TIF,SEPkFSENT'S: That Gene 0. Petersen and Rhona M. Petersen, each i n his and her
<br />own right and as spouse of each other
<br />Mortgagor, whether one or more, in consideration of the stmt of
<br />Thir.y Four Thousand F_i~[e_hundred and No1100-------------------------------------- nota..Aks
<br />loaned to said mortgagor by The p_quitabk Building and Loan Association of Grand laland, Nebraska, Mortgag«, upon 345 sttsres of stock of
<br />said ASSOCIATION, Certificate No. L 23534 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT ELEVEN (i1) IN BLOCK TWO (2) IN
<br />WEST BEL AIR SECOND ADDITION TO THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />9ogether with all the tenements, hereditaments and appurtenances thereunto bebnging, including attached floc: coverings, all window saeens,
<br />window shades, blinds, storm windows, awnings, heating, air canditianing,andpiumbing and warcrequipmentand accessories thereto,pumps,stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mor[gager shall and witl 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 approxd
<br />insurance upon the buildings on said premises situated in the sum of S 34 , 500. DO payable to said ASSOCIATION and to delixr to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on ar about said premises;
<br />[n case of defaul[ in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to in[mediate posxssion of the mortgaged premises and the mortgagor hereby assigns, transfers and sets oxr to the
<br />mortgagee all the rents, rexnues and income to be derixd from the mortgaged premises during such time as the mortgage indebtadrress shall remain
<br />unpaia; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said prctttixs and renthrg
<br />the same and collecting the rents, revenues and income, and it may pay out oC said income all expenses of repairing said premises and necamry
<br />wtnmiatutns and expenses incurred in renting and managing the same artd of collecting rentals therefrom; the balanct remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be ezercixd a any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />Tttex presents, however, axe upon the Condition. That if the said Mortgagor sltsll repay said ktan an ox before the maturity of shares by
<br />payment; pay monthly to said ASSOClA710N of the sum specified in the Band secured hereby as interest and priru:ipal on said taw, an or lxfare
<br />the Twentieth day of each and arty month, until said loan is fulty paid; pay alt taxes and assessments levied against acid premises and oa this Mortgage
<br />and the Band xcured Utareby, btfare delinquency; furnish approtred insurance ttpan the buildings thereon to the sum of S 3$ , 50D. DC1 payable
<br />to said A~-tt~tA'Fl@h; repay to said A.S,~OCSATIL?N upon derr3nd ap trattxv by it mid far su:.h taxes, as~t^,attts ark ~° ~--~ w;th inte~# at
<br />the maximum legal rate thereon from date of payment ail of which Mortgagor Ircrcby agues to pay; permit na waste an said ptemaos;keep and tampiy
<br />with ail the agreements and rnnditions of the Bond for S 34 ,=50D , DQthis day given by the said Mortgagor to slid ASSOCIA720N, aril comply--_-_ __
<br />---- -with ati the requirements of the Constitution and By-Lawson sold ASSt)f:IATtON; then these presaetts shelf became null Arid void, iithexivite they -
<br />shall remain in full force and stay be foreclosed at the option of the said ASSOCIATION af[er failure Car three months to matte any of said
<br />payments or be three months in arrears in making said monthly paytcertts, or to keep and comply with the agreements and tmadittarns of said Band;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure protxedutgs.
<br />[f theta is any change in ownership oC the reef estate mortgaged herein, by oak or otherwise, then the entire rernaitting indebtedness hafeby
<br />secured shag, at the option of The Equitable Butldirtg and Loan Association of Cnnd Island, Nebra>lta, become imtttediately due aa! pay:bk wit~ttt
<br />further notice, and the amount remaining due under said bond, and any other band far any additional advances made thereunder, rltatl, from the
<br />date of exercise of acid oplion, bear interest at the maximum legal rate, and this mortgage rosy then be fotedoaad to satisfy ttte amount doe on said
<br />bonA, and any other bawl tar sddit'anal advances, together with aU sutras paid by raid Tht Fquitabl Building arttt t,aan Association of Grand Island,
<br />Nebraska tux inxuranix, [axes and assessments, and abstracting extension charges, with interest thereon, from date of pryment at the maximum
<br />legal rate.
<br />As provided in the &md secured hereby, while this mortgage remahts in atTect the tttortgaga may hereafter advance additional sums to the
<br />makers of said Band, their assigns or succeasitrs in interest, which sums shall be within rho xcurity of this mortgage the same as the fttmis originally
<br />secured therapy, the fatal amount of principal debt not to exceed at any time the original atttaunt nP this rtxtKgage.
<br />mated this ~c 31 stf;, ~Y of Augus t
<br />Gent= O _ Peters _ ~ ~~~~' °"~-~~
<br />e~
<br />Rhona M. Petersen
<br />STATE OF NBBttASKA, ~ g. , (At this
<br />couNTSr o~ tfAU. 31 s t
<br />-Gene 0, Petersen and-Rhona M. Petersen, each
<br />-other
<br />ax to be the idehifcal persons whax nama$ dre affixed tc
<br />adcnawladgtd the said instrument to be their votuntuy act and t
<br />K'ITNE.S:S my head and Notarial Seal the date aforcuid.
<br />My Commission expires
<br />tataYM 6i
<br />A. o., tv79
<br />day of August t4'g ,before me,
<br />-the ~, a Notary Publir: in asd far said County. perttmally catttE
<br />in -his and her awn ri~~l~t and as ~~k~wwn Qch
<br />i"`"'ce, are
<br />abox instrument~as mortgagor S and they saxrally
<br />r' U
<br />ENERAt NOTARY ~ plate at Nebr,
<br />JkMES W. pt.SON
<br />MY fomm. txp. Not. 12. 1919
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