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<br />i!EOitTGAGE _ .:
<br />MORTt;AC,~E i.OAN NO. L 23 , 5~9
<br />[cvowal-e.M>:'`Ii~~Tx~st;px>rsrNTS:Tnat Merna L. Mercer, a single person
<br />Mortgagor, whether one or more, in wrtsideration of the sum of
<br />Twenty-six Thousand Five Hundred and No/100--------------------------------------- DOtrARC
<br />;„scald [o said mortgagtar by The Equiuthk Buddutg acrd Loan Association of Grand Island, Nebraska, Mortgagee, upon 265 share of stock of
<br />said ASSOCIATION, Ccrtifipte No. L 23, 55~ , do hereby grant, convey and mortgage tmto the said ASSt7('IATION the foQowneg
<br />described real estate, situated in Hall Cotmty, Nebraska:
<br />LOT EIGHT (8) IN BLOCK NINE (4) IN
<br />SHERIDAN PLACE, BEING A PART OF BLOCK
<br />TEN (10), OF HARRISON'S SUBDIVISION
<br />OF THE SOUTHWEST QUARTER OF THE SOUTHEAST
<br />QUARTER (SWgSE;) OF SECTION EIGHT (8)
<br />IN T9WNSHIP ELEVEN (17) NORTH, RANGE
<br />NINE (9) WEST OF THE bTH P.M.
<br />together with all the tenements, hereditatnents and appurtenances thereunto belonging, including attached door covering, aB window scorns,
<br />window shades, blinds, storm windows, awnings, heating, air conditiorang,and plumbing and waterequipment and acxssories thtrcto,pumps,atpves,
<br />refrigerators, and other fixtures and equipment now yr hereaRer attached to or used in wnnection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor stra{1 and will pay all taxes and assea9~nts levied or
<br />assessed upon said premises and upon this nwrtgage and the bond secured thereby before the same shall become detitiquent; to furnish approved
<br />insurance upon the bttitdings on said premises situated in the sum of S 26 , 500.OO payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not td comtrtit or permit any waste on or about said premises;
<br />In case of default m the performance of any of the terms and rnnditions of [his mortgage or the bond secured hereby, the mortgagee aleaB,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers atad eels over [o the
<br />ttmrtgagee ail the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shat] rcmaat
<br />unpaid; and the rtrortgagee shall have the power to aggoint any agtnt or agents it may desue for the purpose of repairing said premises and renting
<br />the sam and ooBec[ing the rents, rerenues and moome, and it may pay out of said income all expenses of repairing said premises sral ttecesrary
<br />commissions and expenses inctrrted in reining and tttanaging the same and of collecting rentals therefrom; the balance rcrmirriog, if any, to be
<br />applied lowazd the dixharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any tithe during the existence of such
<br />default, irresped ivc of any ternpotszy s ..iv+er oC the sastx.
<br />Tltrse Presents, hatzArt, arc upon the Condition, That if Ehe saitl'~Isxlgagor shat: rxgay said town on rrt before tltt ttraturity ^f said shares by
<br />payment; pay trwnthly to said ASSOCIATION of the awn specified in the Bond secured hereby as interest and principal on said loan, on or before
<br />the Twentieifi day oC each and every month, until said loan is fully paid; pay ail taxes and assessments levied against said prctnises acrd an this Mortgage
<br />attd the fiend secured then:by, before detinqutnay; fumistt approved insurance upon the buildings thereon in tdte sum of S 26 , 5OO , OQ payable
<br />to sa'~r A~",~IAT{L'•N; ==paY t? said A_-SOCtA'I'{CLN up<~n dz`n~nd u.1 rttonry ity it paid far <_1~'.t trs~. astents and srrsurartrz with Intelsat at
<br />!hc maximum legal tare tttetersn from date of payrttent all of which Mortgagor hereby agrees to pay; permit no waste on said premises;ktep ara1 comply
<br />with all the agreements and amditimec of the Bond for S 26 , 500.OO this day given by the said Mortgage: to said ASSQC1ATipN, arui comply
<br />with at! the requirerr~nts oC 4he Cons!itution and By~l.aws of said ASSOC:lAT10N; then these presents shalt became null and void, othezwise t!>~y
<br />sizall remain in fuB force and they be foreclosed at the option of the said ASS(k;tAT10N after failure fur three ttgnths to make any aC mid
<br />payments or be three texmths in arrears in making said trwn[hty payments, or to keep and aAmply with the agrecttxnts and axiditions of said Bond;
<br />utd Mortgagor agrees to have a receiver appointed forthwith in such forerkrswe proceedings.
<br />If there is any clangs in uwaership of the real estate mortgaged herein, by sale or atMrwisc, :hen the entire retrtaining indebtedness hereby
<br />senueai shall, st the optinrs of Tice Equitable Building and Loan Association of C,rand 1sland,Nebrasica, btxume immediately due acrd payable without
<br />further notice, and the amount rerruining due under said bond, and arty other bond for any additional advances toads thereunder, sha8, from the
<br />date oC cxertise of said option, bear interest at the nuxitnum legal rate, and this rewrigrtge may then be fottxloseti to ratssfy the amount due oo said
<br />bard, and any other botui for additional advatttxa, together with all sums paid by said The t:ytdtnble Bttt7ding aced Loco Asoociation of Grand {eland,
<br />Nebrxdca for inwrance, taxes arul assessments, and abstracting extension charges, with interest thereon, from date of payment at tilt maximum
<br />tegAtl rate.
<br />As provided m the &zrd terurM hereby, while this trmrigage remains in effect the t[tortgager may hereafter advance additional awns to the
<br />matters of said Bond, !fair ~sigars or stucr~cus m interest, which Burns shag be within the security of this rrturtgage the sarnt as the fttttds ori®inally
<br />set~nsd thereby, the tots amrwnt of prirecipsl debt teat to exceed at any tirr~ the ruigioal amount of this ttroztgzge.
<br />fb~d thin # 6th ;lay ref September A. n.. I ~ ; g
<br />j,)(j~~ , . ..
<br />-a~.L4,jE. ~2 ~~.`,~1 ~{.,.c.,y...1^rS;.Act.'.___.__...«,_._.......__.__
<br />t~l°na L. frt~f'Cgr
<br />STATE Or• NEIIRASKA, ~ ~. On this 26th
<br />cotfNTY t>F HAL.L
<br />Merna L. Mercer, a single person
<br />day of September 1979 . bcfam the,
<br />the widcrsigraerf, a Notasy Public in and frsr said Cotmty, personally tame
<br />who 1 S P~~' kttoxn to
<br />me to be the identical person whose name } S affixed to the aixm ' t as mortgagor and She zealoimslc
<br />sdcnowkdged the said instrwrzent to be her wluatary act and deed.
<br />WITNESS my band and Notarial Seal the d:ie afatesaid. ~ e/r, _,~~
<br />tsiy Commiaxion expires ~`% ~f~~ ,,' v~ r +~1
<br />tstazsam ~~~. / Y, 1~" `~'~ ~"~ ~ :watery Public
<br />GENERA! At)14Rti - >tn ~t Nebr.
<br />'.iy ~cm;~.. rs, ~.1,v~1',, lyl9
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