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<br />
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L ?$501 M6
<br />KNOW ALL MEN B'Y THESE PRESENTS: That Denni s L . and Peggy n . Mertz , each i n his and her own
<br />right and as spouse of each other
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />EiT~y Thousand One Hundred Fift and i•~ lOn_-------- _------------------------------ppL,hARS
<br />loaned to said mortgagor by The Equieabie Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 502 sfteses of stock of
<br />said ASSOCIATION, Certificate No. L 23501 MG , do hereby grant, convey and mortgage unto the said ASSOCIATION the foltouLtg
<br />described real esters, situated in Hall County, Nebraska:
<br />Lot Two (2) Le Heights Third Subdivision, Hall County, Nebraska.
<br />together with all the tenements, heredi[aments and appuredances thereunto belongir[g, including attached Hoot coverings, al! window screens,
<br />windmv shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto,pumps, stoves,
<br />' refrigerators, and whey fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />~~ ' And whereas the said mortgagor has agroed arsd does hereby agree that the mortgagor shati and will pay a6 taxes and sssesvnents levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shell become delinquent; to furnish approved
<br />utsurance upon the build;rgs on said premises situated in :he sum of 3 50,150.00 payable to said ASSOCIATION and to deliver to said
<br />- ASSOCIATION ehe policies far said insurance; and not to crommit or permit arty waste on or about said premises;
<br />- In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shah,
<br />on demand, be entitled to irnntediace possession of the mortgaged premises and the mortgagor hereby assigns, [tansfsrs and sets aver to the
<br />mortgagee alt the r. rots, revenues and inwme to be derived from the mortgaged premises during such time sa the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repauirtg said premises utd rentir>,g
<br />4he sattx and asilacuittg the. rtnis, revenues and iucame, end it may pay out of eau! income a6 expenses of ccpairing mid prsgtsses arul txxsasarp
<br />smmmissions and expenses incurred in anting and managing the same and of collecting rentals therefrom; Iha baiaoor [etnaining, if any, Su bs
<br />appplied toward the discharge of said mortgage indebtedness; these rights of the mortgages may be exercised ai any firsts dttreng the exiaitnce of wz}s
<br />',, dsfaril[, vrrspective of any temporary waiver of the mine.
<br />These prtserts, howsv€t, xra upon the Condition: That if the said Mortgagor sha4~ repay sad loot. an ar before else nraCUrity of said chorea by
<br />paymsm; pay nwnthly to said ASSOCIATION of the sum sprciftsa to the }kind xetusd hereby a3 interest and principal on said loan, on or before
<br />ehe_ Taer;tisth day of each xad ev_n• rnanth, steel! mid loan is full~~ paid; pay all taxes s.^.d as~ss~nES ~vxd against-dui ,., -,,~,- ?.:~ un tP~ Mme.
<br />a_ad the Aottd secured therahy= before dtlmqueney; frrrniah aaprovtd inaurartce upon thg huihJ_ng3 ib~r~~ in ehe ~" nF i ~~ 1 ~n ~g~
<br />~, to said ASSOCtATiO: spay to mid A53LiCiATlt3N upon demand ail money by it yard far suelt taxes, asaeasrnarrts and israstranc~a wt ~i interest at
<br />-- - - -- -the trrasitaum-legai rate ihFrs=c frors date cf Tray~ae all of whi.~h :dottgugorhersby ogress to '- - -
<br />pas :pat-tins nu recess au solo' pre-ttttzz~irssp anS~irnpiv
<br />with all the agreements and conditions of [he Bond for S 50 15~(} this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with ail the requirements of the Constitution and By-Laws of mi3 OCIATION; then these presents slta6 bw'ama Heel! and void, atturwiaa tftey
<br />-- aha6 ttnain in full force and may be foreclosed a[ the option of [he said ASSOCLATION aRer failure for three tuontha to malts any of sale!
<br />payment= ar be three months in arrests in tneking said monthly payments, or to keep end comply with the agteetnents and cartditwns of said Bond;
<br />and Mortgagor agrees to bars a receiver appointed forthwith in such forsclosurs proasdmga.
<br />li [hers is any change in ownership of [ha real estate mortgaged herein, by sets or otherwise, then the entire remaining indebtedness hsteby
<br />accused shall, at tits option of The Equitable Building and Loan Asveeiation of Grand Island,Nabraska,bemine immediately due and payyable without
<br />further rwttee, and the amount rerriai[ting due under said bond, artd any whet bored tot any additional advatnoaa made thereunder, shah, term the
<br />dtte cif sxerttiss of said option, bear interest at the maximum legal nee, and this mortgage may than bs fgcedoaed to sat?sfy the atnt:uttt dos out asst
<br />band, and any other bond for additions! advanesa, together with all soma paid by acid The F.quitabk Building and Loan Aastniatian of Grand ttlaml,
<br />Nebn.:isa foe insurance, taxoa and aaaeaautenta, amt abatrscting extettatun charges, with intect:si thereon, from dots of ~ymert at the rtaxxuntsm
<br />Iagul rote.
<br />Aa provided itt the Bond secured hereby, while thin mortgage remains in eFfset the martgagce may Aareafter advaac~ addiianal sums to [he
<br />tstak.ers of asM 9ond, their aaa~na ar ors in intstsrst, whsh auras sha}i 6e within the asetuity of thi3 itwrtgag4 [hs earns as the ftinda originally
<br />aacuaed iheceby, the total amount of ptincipsl debt rwk to exceed at any ttrtte rho original amount of this moutgaga.
<br />psted this da of A. D., 14
<br />1st Y A u t 79
<br />ug s
<br />aet:a t.: r z - -
<br />. ~
<br />Peggy~~~Mertz
<br />STA'fH OF AtEHRASKA, n. : On this 1St ~Y of AtHJUS t 19 79 , befws ms,
<br />CQt7NTY QF HAl,I.
<br />flee ttrtdsaaigzwd. a No4ry l'n$lic in and fw srtid County. peraonaily sine
<br />DennisL. and Peggy .A Mertz, each in his and her over! right and as s~aousaref eapm~atOititKt~wnto
<br />the to Ira the idenupi perverts whole nacttd are atTixed to the shove ittstttstnent as mortgagor S and they aevenBy
<br />adtnowbdged Uts aid inatcatnont to be their ~,m~ ~ a~ ~.
<br />sVITNF~S toy baud and Notarial Seat the date aforesaid.
<br />My Cotwtt1taon explrea ~ f i ;
<br />at :.. at j ~__- - -- .. ._..s_~~ ,~_,._._._~/ _ _ Public
<br />~. ..... ~.~, :_ .~ZI. Y~52 i
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