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<br />..j~'ic,Ar~E l~r~}ATS ~D. i. ?'~,63~! _
<br />KNL#r~tALlMI?'1BYTi11SEPRi=~€*tl'S:That Fredritic€. Petersen and SusanJPetersen, each in his and
<br />her awn right, and as spouse of each other
<br />Mortgagor, whetlxr sere or morn, in consideratirm of the stun of
<br />Forty-nine Thousand Six Hundred and No/140-------------------------------- ---- Dotl~Its
<br />kraned to said ntartgagat by The I;quitabte 8m'Iding and l.aan Assocatioa of Grand Island, Nebraska, Mortgage, upon $ 96 shoes of erode of
<br />said ASSOCIATION, Certificate No. L 23,63$ , die hereby ~aat, convey and mort~ tmta ttts said ASSOCIATION i~ fotiav~casg
<br />described real estate, situated in Halt County, Nebraska:
<br />LOT FORTY-OPJ€ {41) ZN tt1ESTERN HEIGHTS THIRD SUBDIVISIOii,
<br />HALL COUNTY, NEBRASKA,
<br />toget}tet whit all the tenements, hereditameats and appurtenances thereunto Defongxng, inclwiirtg attached floor oovtri[rgs, al! window screens,
<br />window shades, blinds, storm windows, awnings, heating, au wnditioning,and plumbing and waterequigtnent and acccssoriss [hereto, pumps, stoves,
<br />refrigerators, and other frxtmes and equipment now or hereafter attached to or tiled in connection with said real estate.
<br />And whereas the said mortgagor has agrced and does hereby agree drat the mortgagor sh~l and wi6 pay all taxes and assesatneats levied of
<br />assessed upon said premises and upon this mortgage and the bond secured ttrereby 'before the same shaIl become delingaent; to furnish approved
<br />i~r~.rsanet: upon the buildings on said premises situated in the sum of S 4~ 60D, (}(} payable to salt! ASSOCIATION and to deliver io
<br />ASSOCIATION the policties for said insurartce; and not to mmmit or permit any waste on or about said premises;
<br />In case of default in the performance of any of the terms and ~ronditions of this mortgage or the bond secured hereby, the mortgagee stc2R,
<br />on demand, be entitled to immediate possession of the mortgaged premises acrd the mortgagor hereby astigrts, Iransfets and sets over to the
<br />rrtottgagee a6 fire rents, revenues and inmme to be derived from the mortgaged premises during sttcb time as the marigage indebtedness shag remain
<br />unpaid; and the mortgagee shad have the power *_o appoint any agent or agents it may desire far the purpox of sepaizitig said premises and renting
<br />the same and collecting the rents, revenues and inwme, and it may pay out of said income al[ expenses cf repairing said eternises and necessary
<br />commissiotu and expenses incurred in renting and managing the same and of c:olkcting rentals therefrom; LIB balance rorr~.in; ~, if any, to bo
<br />appt~d toward the d:'scharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any tirce dttriteg Grte existence of stxdt
<br />default, irrespective of any temporary waiver of the same.
<br />Tlsese Presents, however, are upon the Condition, "That if the said Mortgagor shall repay said loan on or before the maturity .rf said shares by
<br />- payment; pay monehly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, on or before
<br />the'iyventiethday of each and every month, until said loan is Lolly paid; pay alt taxes and assessments levied against said premises and nn this tortgage_
<br />and the Band secured thereby, before delinquency; furtisit agpxoved insurance upon the buildings thereon in the sum of 3 ~~ , 60G. DO payable
<br />to said ASSOCiATIOIv; repay to said ASSOCIATION upon demand ail mortey by ii paid tt"or such taxes, assessrtxrrts and inswantx with interest at
<br />the tstaximum legal rate ttrerean fro¢: dale of payment ale of which Mortgagor hereby agrees to pay; permit era wash on std premises; kmp and comply
<br />a ark fire agrcenrenis anti cana'it~~s of tl~x Bernd for $ ~}~ ,600, ~~ this day given izy the said Mortgagor to said ASSL7C"tA~O;~I, and mmPlY
<br />atitlt alitlre requirerrirnisaf *-.*.~ Canstit~tion-acrd By-Lawsaf 3a~1 AS,SC~IATIO~:: Ttt2n tht~ preszsts shall become -rmli asd rid: athr:rwis~;<-t5ey
<br />shag remain it full force and may be foreclosed at the option of the said ASSOCtATlOl@ after fadurt for three months to make any of said
<br />payrrceats or be three months in arrears in making said rttanthly payments, or to keep and comply wish the agreements and conditions of said frond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shag, at the option of The Equitable Building and loan Association of Crand Island,Nebraska,become immediately due and payable without
<br />further notice, and the arswunt remaining due under said bond, and any other baud for any additional advances made thereunder, shag, from the
<br />date of exerese of said option, bear interest at the maximum legal rate, and ttris mortgage may then be foreclosed to satisfy the atrurunt due on said
<br />bond,aad say other bond for additional advances, together with all sums paid by said The Equitable Budding and Loan Association of Grand faiand,
<br />Nebraska For insurance, taxes and assessments, and abstrazting extension charges, with interest thereon, from date of payment at the iruximum
<br />legal rate.
<br />As prorided in the Bund secured hereby, while this mortgage remains in et7ect the mortgagee may hereafter advance additional surest to the
<br />makers of said Bond, rhea assigns or xuccessors in interest, which sums shall be within the security of this mortgage the setae as the funds originally
<br />secured iheceby, the toW amount of primipat debt not to exceed at any time the original amount of this mortgage.
<br />Dates this 26th day of November
<br />Fredr~,ck PetegKen t
<br />Svsa15/P_etersen
<br />STATEilt ?v'EBItASKA;~ ~. - On this 26th
<br />COLHPIY t31; fIALL
<br />Fredrick E. Petersen and SI
<br />other
<br />the to be fix identical perstra g
<br />adtnowbedged the said it>strnmettt to
<br />.-.P~ at
<br />WITNESS my h;
<br />My Commission
<br />A. D_, I9~g
<br />dap.-of November i9 7~ ,before me,
<br />the ttridersig[ted, aNotary Public in artd fo[ said County, personally cartx
<br />-each i-i his and her own right,w~nd as spou~s~i: eatha
<br />~,,.- are y
<br />i
<br />red to the above instrument as mortgago[ S and they severalty
<br />aad decd.
<br />otary°~ Parblic
<br />
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