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<br />TifazlaaAGE
<br />MOi2TGAC,E LOAN NO. L 7 i,fi57
<br />~ ~ >tNOWALL:~Exs~TI:FSEPItESENTS:Tt,a€ Delbert D. Theasmeyer and Lois A. Theasmeyer, each in his
<br />1 and her own right, and as spouse of each other
<br />Mortgagor, whether one or more, in consideration of L'te sttm of
<br />~ftv-flue Tho~and and No/100-----------------------------------------------_---
<br />-- = IlOt1AR5
<br />loaned to said mortgagor by The Egnitabk Building and Lawn Association of Grind island, Nebraska, Mortgagee, upon 55D shares of ~o& of
<br />said ASSOCIATION, Certificate No. L 23,657 , do txreby grant, coney and rtrortgage unto the said ASSOCIATION the fotlorvitsE
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT FORTY TWO (42) IN WESTERN HEIGHTS THIRD SUBDIVISION, HALL COUNTY,
<br />NEBRASKA
<br />tagtther with al! the tenenreots, hereditaments and apptutenanees thereunto belonging, including attached flour coverings, all window screens,
<br />- window shades, blinds, storm windows, awnings, heating, air ~roredttioaing,and plumbing and wateregtriprnentand accessories thereto,ptrmps,staves,
<br />- refrigerators, and other fixtures and syuiptrteni now ar hereafter attached co ar used in cunnectiurt with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and witi pay art [axes and assessttrrnts kvied o:
<br />-. - assessed upon said premises and upon this mortgage and the band securer thtrehy hefarc tree same shall becotnt delinquent; to furnish appruvtd
<br />insurance upon the buildings on said premises shunted-in the sum of S 55 ,DDD. DD payable to said ASSOCIATION and to dtlivtr to said
<br />ASSOCIATION the poticics for said insurance; and not to commit or permit any waste on or about said premises;
<br />In rase of default in the performance of any of the terms and conditions of this nrortgage or the bond secttrtd hereby, the rtwttgagee shag,
<br />an dtmsrrd, bt ent'tiled !o immediate possession of the neor[gsged premises and tL~e rztartgagor hereby assigns, transfers and sets over to EI><
<br />tttortga~ee all the tents, revenues and income to be derived from the rrwrtgaged pmnises during wch time u the mortgage indebtedness shall remain
<br />tmpaid; and the trurrtgagee shall have the power to appoint any agent or agents it may desire cur the purpose of rtpairirtg said preuiixs and rm[itig
<br />' the seine and tpllectiug the rents, revenuts and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />- commissions and expenses incurred in renting and rnanagvtg the same and of txsllecting rentals therefrom; the balance retraining, if any, to be
<br />applied toward the discharge of said mortgage iudebtedrzess; these rights of the mortgagee may be exerci~d at any time during [he exisitttce of such
<br />-, _ - drfau}#, irrespective of any temporary waiver of the taint.
<br />- - `fhesr Presents, however, are upon tht t-audition, T-bat if [he said Mortgagor sha[I spay said loan un ur btfarr the maturity of said shares by
<br />- payrrrent; pay mtmthly to said ASSOCIATION of the sum specified in the Band secured hereby as interest and principal on said loan, oa or beftxe
<br />the 'Twentieth day of each and every month, until said loan is t'tdty paid; pay alt taxes and assessments Irvkd against said premises artd on this Mortgage
<br />- _ and the Bond sent€ed Eher*_ey. befu€e drtingrrenc}•; furnish approved insurance upas Ehr buildings thereon ir. the stem of ~ 55 ,QQQ • QO payabk
<br />-- _- iv Sair'a ASSiA:TATIt=#R; repo}° to said fis"St'i(--zA-i rUiti upon derrrand aiI manEY try [ paid fo# tuch taxes, a~is'antrnis acrd ui~rr~rr" with inia€~ ar
<br />the maximum kgai rate thereon Irani date of pay[trent all of which 4Sartgagar berths egrets to pay: hermit ro waste unsaid nret,t~~-;keen amt-cartply
<br />- --` _ - _ with ~t4 the agreemxnts n:~ ~czriditian~ of the lkind fizr ~ ,5~ z>,'~1~Q. QQ t~hia day given b_y the ~tid ~iarr~~.,r to mid }1`-St?CIAT1ikr+t, y
<br />with all the rtquirtmrnts of the Cottstitutiuu and Sy-Laves of said ASSOCIATION; then these presents shall become null and void, otherwise rives
<br />shag remain in fuB faro and toes be forecloses! at the optiart of the sa:Ki ASSOClA110N after failure fur three trwnths to make soy of said
<br />paymtris or be ttuee mouths in arrears N making said mcmthty payments, or to ktzp and comply with the agreements and conditions of said Band;
<br />and Mortgagor agrees to have a receiver appointed farthwtih in such forechxsure procudiregs..
<br />if there is any change in ownership of [he reef estate rrroregaged Irrrein, by sale w othtrwist, thin flit entire rctnairting indrbtedteess hereby
<br />secured shall, at the optkrn of The Equitable Buildirg and iAan Association of Graced Island,Nrbraska,lzecame itmntdisteiy due and payabk without
<br />further notice, and the amowu remaining dui trader said bond, and any other band for any additional advances made thereunder, shag, Crum the
<br />date of exercise of said option, bear interest at the maximum kgal rate, and ih~ mortgage r[tsy then be foreclosed to satisfy the attwtmt dtte tm said
<br />baud, and any other bond fur additiomal advances, together with aA suers paid by said The Equitable Building and Loan Association of Grated Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from dale of payment at the rttaximurr
<br />kgal Tale.
<br />- As provided in the Bond secured hereby, whik this mortgage remains ire tit-ect the rrwrtgtrgee rttay hereafter adieux additional stems to the
<br />- trwkers of said Bond, their assigns err succeswxs in interest, which sums shall t>e within the security of this rtwrtgage the same as the funds nriginafly
<br />- sa'urt fhtreby, the total amount of prtucipsl debt oat to exceed at any time rhr original atrtuunt of this mortgage-
<br />- ~ted th;s 1,}~j~zh • ,. day of December A. I}., I9 79
<br />,r ~ ,
<br />{ Oe1be~t T~ asm~yer /
<br />Lois A. Theasmeyer
<br />STATE OF NEBRASKA, ~ ~. On this 17th day of December 19 79 ,before me,
<br />COUNTY OF HALL
<br />rhr urntrrsigrted, a Notary Public in and for said County, personally came
<br />L Delbert D. Theasmeyer and Lois A. Theasmeyer, each in his anc~...~er~t~n right, and~s~s~nu€~e
<br />of each other ,: i are ~!Q° y
<br />rite to be the identical person 5 whose name $ are affixed to ehe about instrttrtteht u mortgagor S and they severally
<br />acknowkdgtd the said htatrument to be their volmtary act and deed. %~
<br />- WITNESS my hand and Notainl Sea! the date aforesaid. j~
<br />My Comtnistion exile /f ",,~~'j~/' fr'
<br />~keaF:L ~ <-,,, ct yeLn. sAa ~ - ~`-~~ ~~=-~~ y Pu
<br />ro:rr.zra rr ~ .~~~~( '1 .... .. ~ .,~~E3aF7r/~~
<br />~:..~.,^9 Ir )' .~ _ :. 1,1971 ~ / --
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