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<br />MORTGAGE
<br />MOItTCAGELOANNO. _l--Z3,6ZO MGIC
<br />t~rpwALLMEIaBVTIIrsePttESENTS:Teat Gary G. Pi e7 and Charlene S. Piet, each in his and her
<br />own right, and as spouse of each other
<br />Mortgagor, whdher otx ar more, in coasidezatioa of tlLe sum of
<br />Sixty-one Thousand and No/100---_-------------------_------------------------------ pOLLARS
<br />barred to said mortgagor by The Equitable Building and i.oau Association of Grand Island, Nebraska, Mortgagce, upon 61 O shares of start of
<br />said ASSOCIATION, Certificate No. L 23,620 MGIC, do hereby grant, convey and mortgage unto the sagl ASSOCIATION the following
<br />descnlxd real estate, situated in Hall County, Nebrzska:
<br />LOT TWC (2) IMPERIAL VILLAGE SEVENTH
<br />SUBDIVISION, CITY OF GRAND ISLAND,
<br />HALL COUNTY NEBRASKA.
<br />togtther with a6 [lte tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window stseens,
<br />window shades, blinds, skurm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps,rtoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in conneckion with said real estate.
<br />And whereas the said mar[~gor has agreed and does hereby agree that th,e mortgagor shalt and will pay all taxes and asaessr[[ents kvied or
<br />..assessed upon said premises and upon this saorigage and ttre bond secured thereby before the szme shag become delinquent; to fttmiah approved
<br />'~~ ~''~ inswanee upon the bui/cii~gs an said premises situated in the sum of S 61. , OOO.OO payable to said AS,SfICtATION and to dttiver to said
<br />~' ASSOCIAT[ON the policies for said insurance; and not to commit ur permd any waste on or about said premises;
<br />In case of default in the performance of any of the farms and conditions of this mortgage or the bond secured hereby, the mortgagee shah,
<br />on demand, be er.[ided to itnmediatc possession of the rrtori~ged premises and [he rtwrtgagor hereby assigns, transfers and sets oar to [he
<br />mortgagee all the rents, revenues and inwme to be derived from the ttrortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the povier to appoint any agent or agents it may desve for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said income a6 expenses of rcpavittg said premises and neasvey
<br />commissions and expenses incurred in renting and nrartaging the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the dixharge of said mortgage indeb[edrress; rhea;, rights of the ntor[gagee may be exerer~d at any tune during the existence of such
<br />default, irrespeckire of any temporary waiver of the same.
<br />These Presents, however, ara upon the Condition, That if the said Mortgagor shah repay said loan on ur before the mattuity of cud shares by
<br />' payment, pay erumihly to said ASSOCIATION of the corn specified in [he Bond scoured hereby as interest and principal on said las_.:, on or before
<br />the Twentieth day of each and even month, until said Iaan is fully paid: pay al! taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond se+-u,-,ut thereby, F,"rftxe dekinquertcy; furnish apprtved insurance upon khc buildings thereon in khe sum of S 61,QOO.OO payable
<br />to cast ASSf2C[ATlON; repay to srid ASSOCIATION open drtnand all money by it paid for such taxes, assesunenia and insurarice with atteresi at
<br />~Iz+e maximum Ida! talc Lheree+n tram dare of pay_~nt all of whis~h Mertgagar hereby ages<s to pay; psrtnit rua writs an saw prsnrisst;I~esp and ca~sp_ly
<br />with all the agteesarentsaa;~? cssndit~rts+># the Bond!=~r S 61 ,OGO.OOthis day pivtn by ih€ std Mat*gagur to I ASSOC!A?30N, and srtsnply
<br />with alt the reyuuements of the Constitution and By-taws of said ASSOCIATION; then these presents slrsB become nub aad void, otherwise they
<br />shay remain in full fury: and may be forecbstd at the option of the said ASSOCIATION after failure far thret months to nuke any of said
<br />~yments or be three months in arrears in making sad monthly payments, or to keep and comply with the agreements and tnnditiom at said Boma;
<br />and Moeigagar agrees to have a receiter appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, [hen the entire remaining indebtedrteas hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,became imrttedutety due and ptyabk without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date at exorcise of said option, bear hitcrest at the inaximrtm Legal rate, and this mortgage rosy then be forcdosed to satisfy the amount due on slid
<br />Frond, and any other bond for additional advances, together with alt sums paid by said The Equitabk Building and i_uart Asauciatiun of C;ntod Ittlaod,
<br />Nebraska for insurance, taxes and assessments, and abstracting rxtettsion charges, with interest [hereon, from dots of payment at the rruaimum
<br />legal rate.
<br />As provided in the Bond scouted hereby, while this murt@age remains ti effect the mortgagee rosy hcteafter advance additional sttrro to the
<br />nukers uf' said Bond, their asa>Utrs or succL~ssors in interest, which sums shah be within the secruity of this mortgage the same as the funds originally
<br />secured ~tareby, the total apurunt of principal debt not to exceed at any rims the original amtmnt of this mortgage.
<br />i~d this /~~i}tfi ' d November A. D., 1979
<br />~:
<br />y G~~ ~ ~' : f __________._
<br />Charlene 5. Piet
<br />SPATE III=I+IBBRASKA, ~ ss. On this 14th day of November 1979 ,berate rrx,
<br />COUN'f1' OE MALI.
<br />the undersigned, a Notary Public in and for said County, personaIly came
<br />Gary G. Pi el and Charlene S. Piet, each in his and her own_r ht,wr~nd as spoupeStaeonsl3y ek~ta
<br />other are
<br />arc to ~ the identical person g whose Itatrte S die affixed to the above iJttstrsitnet.t as r 5 and they rally
<br />uicrtowtedged Uts said insirttment io be .their wluntary act sad deed. ~'~
<br />7
<br />P+'ITNESS my hand and Notarial Scat the date afotasaid. t~ ~' a 7 f
<br />My Commission expues -t 4. fl;`~ ~ ~ .' ~
<br />t6ra,2M a7 ~ ~ - ,/ Nagy 'bli
<br />?~1"1 t i r,..... .i,. )., 2981 ~ ,i,.« 1
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