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<br />M~fJIITGAt~e _
<br />!r14RTfiAf;ELOANtiO. L~23,fii7
<br />tcrro~vALLMeNSYTItESei'xFSt:~~TS:TI,at Fred C. Becker and Emily E. Becker, each in his and her
<br />own right, and as spouse of each other
<br />Seventeen Thousand and Nof1D0--- ---Mortgago:,whetheroneotawre,iacortsidentionofthestuoof
<br />-------°-'-- DOLLARS
<br />boned to said nrortgagor by The Equitable Building and Lvan Association of {;rand island. Nebraska, Mortgagee, upon i 70 shares of stock of
<br />aid ASSOCIATION, Certifuate Na. L 23 ,fil 7 , dv hereby grant, convey sod mortgage unto the said ASSOCIATION the foilowirtg
<br />described real estate, situated in hall County, Nebraska:
<br />THE EASTERLY ONE-HALF {E'2) OF LOT FIVE {5)
<br />AND THE EASTERLY TWO {E2') FEET OF THE
<br />WESTERLY ONE-HALF (wIZ) OF LOT FIVE {5), ALL
<br />IN BLOCK EIGHT {8) OF KERNOHAN & DECKER'S
<br />ADDITION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />together with all [hc tenements, hereditaments and appuctenances thereunty belonging, including attached floor coverings, all window stteens,
<br />windvw shades, blinds, storm windows, awnings, heating, air conditioning,and plumbing and ~~aterequipmentand accessories thereto,pumpa,atova,
<br />refrigerators, arrd other factures and equipment now oc hereafter attached to u; used in connection with std real estate.
<br />And whereas the aid mortgagor has agreed and does hereby agree t}tat the mortgagor shall and will pay all taxes and assessments levied yr ~_--
<br />assessed upon said premises and upon this mortgage and the bond seta e i torrby t~efore the same shall become delinquent; to fumistt approved
<br />Insurance upon the buildings on aid premises situated b the sum of $ ~ ~, ~OU. 0(! payable to said ASSOCIATIDN and to deliver fo said -
<br />ASSOCIATION the policies for said instuance; and not to rr~mmit yr permit any 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 sutured hereby, the mortgagee 31ta6,
<br />on demand, be entitled to imtncdia[e possession of the mortgaged premises and the trwrtgagor hereby assigns, [ransfen and sets over to the _
<br />mortgagee all the rtnis, revenues and income to be derived Iron the mortgaged premises during such time as the mortgage indebtedness shall retpain- _
<br />unpaid; and the mortgagee shall have the power to appoint any agent ur agents it may desue for the propose of repairing said premises and renting _
<br />the same and collecting the rents, revenues and income, and it may pay out of aid income all expenses of repairing said premises aria necessary
<br />wmmissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the bahmce remaining, it' any, to be -
<br />apptied toward the discharge o(said mortgage Indebtedness; these rights of the mortgagee may be exercised at any time duritig the existence of surlt
<br />default, irrtspective of any temporary waiver of the same. -
<br />?'hex Presents, however, are upvr.- thx Condit~n,That if ilie said Mortgagor shall repay said loan an or before the maturity of said-shares by --
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bitnd secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and erery month, until said loan t$ fatly paid; pay a6 taxes and assessments levied against said premises and on this Mortgage -
<br />and- the Bond secured thereby, before delinquency; furnish approved insurance upon thebuildings thereon in the sum of E 17 , QQQ_ QQ payabb- -
<br />tv std A.~Sfk'IATIOiq; repay tv mid ASSOCIATION anon detmand alt trturtey by it p-aid far suelt taxes, a:~ssmeats and inswauce erith interest at
<br />the maximum legal rate therevn from date of payment all of which Morigagvr hereby agrees to pay; permit na waste on said premises;keep attd comply _ __
<br />-with a6 the agreements and conditions of the $ond for 5 17 , DOD. ODthis day given by the said Mortgagor to said ASSOCLITlQN, and wmply ~ -
<br />with alt the requirements of the Constitution and By-Laws of said ASSOCIATION; then these presents shall berntne mill and void, otherwise they
<br />shall rern:rin in full force and may be Coreclosed at the option of the said ASSOCIATION alter failure for three months io make any of said
<br />payments yr be three months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees [v have a receiver appointed forthwith in such foreclosure proceedings.
<br />If [here is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shah, at the option of The Equitable Building and Luau Association of Grand Island,Nebraska,become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond £or any additional advances made thereunder, shah, from the
<br />date of exercise of said option, bear interest at ltte maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on aid
<br />bond, and any other bond fur additional advances, together with all earn paid by said The Gquitabk $uilding and Loan Association of Grand Island,
<br />Nebraska fvr insurance, taxes and assessments, and abstracting extension charges, with interest thereon, !rom date of payment at the maximum
<br />legal rase.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or sttccessors in interest, which sums shall be within the sectuity of this mortgage the same as the ftmds origitnlly
<br />secured thereby, the total attmunt of principal debt no[ to exceed ai any time the original amount of this martgage_
<br />~D-area this J 4th day of November A. D., Is 79
<br />Fr C. e r ; ,
<br />,~~~ ~3 ~
<br />Emily E Becker
<br />STATE OF NEBRASKA, ~ ss. Qn this 14th- day of November 19 79 ,before me,
<br />COUNTY OF FIALL
<br />_ =- the undersigns@, a Notary Public in and fvr said County, personally wide
<br />Fred C. Becker and Emlly~~ ",eBieckeYr'~ Bch in his and her own right,w~od as spousp~en~y e~awnto
<br />other _ ~".,'~_, are
<br />me to be the identip) person S fidMsx'tt;<me S ' `ate ~ Mixed to th; above instrument as mortgagor S sod they severally
<br />,~,
<br />acknowledged the said instrument tae ,t~l,~`j T' ` `yodw~ary het and aced.
<br />WITNESS my hand' nd glotatisl Srat~the daft s~ctfiesaid.
<br />My Commission expdte~-1~~ O ~ '' r ~~jf//~~ ~~~~~ r J
<br />tar T- at - otary Public
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