|
<br />M03tTGAGi' _
<br />MORTGAGE [.OAN NO. L Z3 > 564
<br />tINOWALLMENBYTHESEPRESENTS:That Robert G. Horst and Rita C. Horst, each in his and her
<br />own right, and as spouse of each other
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />It~enty-three Thousand Eight Hundred and No/100__________________________________ ~~~
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 23$ shafts of stock of
<br />said ASSOCIATION, Certificate No. L 23, 564 , do hereby grant, conxy and mortgage unto the ,aid ASSOCIATION the following
<br />described real estate, situated in Halt County, Nebraska:
<br />LOT SIX {6) IN BLOCK SIXTEEN (lb) IN
<br />ROLLINS ADDITION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA
<br />together with all the tenements, htreditaments and appurtenantcs thereunto tx:longing, including attached floor coxrings, all wir~ow acretns,
<br />window shades, blinds, story windows, awnings, treating, ass conditioning, and plumbing and water equiprr~ni and acmast>ries florets, ptunps,stoxs,
<br />rtfrigeratars, and other fixhnes and equipment now or hereafter attached to or used in connec[ian with said real estate.
<br />And whereas the said mortgagor tus agreed and dues htrtby agree that the mortgagor steal! and will pay ail taxes and asxssrrcnts levied or
<br />asrc:sxd upon said premises and upon this mortgage and tht twnd secured thereby befarc the same shall become dttinqutni; to furnish approval
<br />insurance upon the buildurgs an said premises situated-in the st:m of 5 23,8UO.OO payable to said ASSOCIATION and to detixr to said
<br />ASSOCIATION [he policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In arse of default in the performantx of any at [fie arms and conditions of [his mortgage or [he band xcurtd hereby, tht mortgagee strati,
<br />an demand, br entitled to imrtrrdiate posxssian of the mortgaged premises and the mortgagor hereby assigns, transf'tts and ants ante to the
<br />nrortgagee all [he rents, rexnues and utcome to kx derixd from the mortgaged premises during such time as the mtmgage indebtedness sluli remain
<br />unpaid; and the mtxtgagee she(! teas the power m appoint any agent or agents it may desire for the purpose of repaving acid premises srtd rratitrg
<br />the same and collecting the rents, rexnues and inwr+.te, and it may pay out of said income all txprtixs of repairing sad premises and ntmmry
<br />wmmissions and txpertxs incurred in renting and managing the same and of collecting rentals therefrom; the ba}lnCC rerruirting, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; tttex rights of the mortgagee [tray be exer ixd at any tcrc during flee existence of such
<br />defauh, ir:tspective of any temporary waiver ai the same.
<br />7hex Prrstms, hawew;r, are upr>n the Condition, That if the said Mortgagee shall repay said ban on or ixfore the matrrri:y of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum speeiFied in the Bund xcurtd hereby as interest and principal un said kart, on or frtl'ort
<br />the Twentieth day o(eaeh and cverv month, until said loan is fully paid; pay all taxes and assessmems levied against said prtmirtsutd tan this A4ottgaga
<br />and the Baud secured ihrrrby, t_fnrr dttinqutn ry:furnish approyt'ti trrsuratr~°t upon the buildings Yfti<.rtatn in its runt of S ~3,8OC. OO prrvabie
<br />is said Ass"OCiATlO~:; repay ire sal;; ASS€7CiATIC%N upon demand all rrwnrv by n paid for such texts. assksstt+.ents and itts:tsartx vrith intrt~ at
<br />the tvaximmn legal rate thereon from date of vayttttnt all of whirl[ Martgaaeur lterefiy agrees to pay; permit rtes wastttx sw~ptc,•n~ ;k ,t „•.E•
<br />_. with at7 the agreenxnts and conditions of the Lto_nd far S ?~ i~O(j, OOlais say liven by ilia ~~ 4tortp gut tv s~r# .A~~ OC1A':1E3-?ti, x~ castap,`s----
<br />with a1S the requirements of [he Cansfitutiun and By-taws ai said A.SSfX'IATION; then [hex prexnts shag bttvtne nuII and void, uth<rwir they
<br />shall remain in full form and may br foreclosed at the option of the said ASStX'IATION after failure for rhea months to ttrake any of rant
<br />puymtatx or he throe months in arrears in making said manihty payments, or to kelp and armply with the agrcevrcnts and oonditiottsof said frond;
<br />and Mortgagor agrees to hex a tccetvtr appointed forthwith in such forecknme proceedings.
<br />if there is any chatrge in ownership of the real tstatr mortgaged herein, by sale or otherwise, then the antler trmaining iadtbtednen frertby
<br />xrurett shalt, at the option of Tht tigwiable Building and Loan Assrxiativn of C:nnd Island,Nebraska,bemnre immediately dot and pyabte rvithaut
<br />ftuther notice, and fret a[mmnt rtnraining dot undtr said bond, and any other hood fur wry additivnal advanr~es made thereunder, shat!, from ttse
<br />date of rxtrcix of rani aptnm, bear interest at [rte nttucimum legal rate, and this murtgagt troy thin be foredrtxd tq satisfy the amoutti dot tgt said
<br />band, and any othtr bond for additional advantxs, togtthtr with al: sums paid by said The Egiritabk Building and Loan Astatciation of Grand isimd,
<br />Nebraska fur insurance, taxis and asxssntents, and abstrecting extension Ldtargra, with interest thereon, from data of payrmnt at the nuximum
<br />legal rate.
<br />As provided in the itund utcmed hereby, whits this mortgage rennxins in efftct the nxutgegee may htrtaftet advanoe additionat sums to the
<br />makers of said Bond, their assigns or success<m in mtertst, which runts shall bt within the security of this trwrtgage the same as the funds origiroa}Iy
<br />saluted thtrthy, iht total attxntnt of principal dtht sot to rxr~zrd at any titter the ariginal amount of this mortgage.
<br />~~,, 1>e~d t ~ 28t - day of September A. ta., tr~79
<br />yr.,raLLrr~..~~1.~.
<br />Rita C. Horst
<br />STA(;OtIN7'1 OF~ALL ~ ~'~ rln this 28th der of September 1979 . before cot,
<br />the underaigrttd, a Notary and for said Cotraty, ptrsonatly carne
<br />Robert G. Horst and Rita C. Horst, each in his and her own rfight, nd as spouse of each
<br />0 uher het are perwtully tcnawn to
<br />rare to be the idtntica! parson S whax rrarne5 are affixed to the abox inatrwnent ss mor~agur S and they severally
<br />h . --..
<br />ackmtwltdged the said mstrument to be t el r Wluntary act and dvtd.
<br />WITNESS my hand and Notarial Seal the date aforesaid.
<br />Aly Co ~ t 1ipTA9Y-State ort kr9faska -~
<br />JOY M.BEA2LEY
<br />tbniaat nr r MY Comm. Es?. Sag[. 1, l~ ~l
<br />
|