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<br />MORTGAGE LDAti NO.
<br />KNOW ALL MEN BY rHFSE PILESENTS: That David E. Rehberg and Caroline A.
<br />Rehberg, each in his and her own right and as spouse of each other,
<br />Mortgagor, whether one m r[atste, in ct[nsideruzon ssf the saw o£-: -
<br />Six Thousand Five Hundred and No/100------------=------------------------------ ~~~
<br />tweed to said mortgagor by The Equitable Building and Lunn Aswciafion of Grand band, Nebruka, Mortgagee, upon 65 ~~~
<br />saM ASSOCGTION, Certiritate No. L 23, 754 , do bereby grant, cotmy and mortgage unto the t®d ASSOClATf6ti the foHow6[g
<br />tieacibed rtal estate, situated in Halt Couuty; Nebraska:
<br />FRACTIONAL LOT TEN (10) IN FRACTIONAL BLOCK SEVENTEEN (17)
<br />OF SCHIMMER'S ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA
<br />AN D
<br />FRACTIONAL LOT TEN (lO.) IN RUFF'S ADDITION TO THE CITY OF
<br />GRAND ISLAND, NEBRASKA.
<br />Subject to a prior mortgage to the mortgagee herein
<br />in the principal amount of $18,OOD.00 dated May 26,
<br />1478.
<br />together with aB the tenements, hereditaments and appwtenances themunlo belonging, including attached none wverings, all window ~satens,
<br />window shades, blinds, storm windows, awnings. heating, air mnditioning,and plumbing and water equipment and acrossorin [hereto,pumpa, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby ogres that the mortgagor shalt and oval pay all taxes and assemcents levied or
<br />assesud upon said pcemi~s and upon this mortgage and the band secr.red therehv before fix same shalt txcome delinquent: to fitraiah~ approved
<br />insurance upon the buildings en said premises situated in the sum of S 6 , SDD. DD payable to said :1SS(]['(ATION anr~ U deliver to said
<br />ASSOCIATION the policies for said insurance; and not tJ wmmit or permit any waste nn or abom said pretr[[ses:
<br />In e:axe of default in the performance of any of the terms and conditions of ilds rrortgag< ur the bond z vred hemby, [he mortgagee shall,
<br />an demand, be entitled to immediate possession n( eht mortgaged premises end the ern rtgago[ hs:eny ~.sn~!s, transfe[s and its user to the
<br />mortgagee a{I the rents, revenues and inwmo to ere derived from the mongaged prem[sss during such umt as [he mortgage mdebtedtxss shall remain
<br />unpaid; and the mortgagee shall beta [he power tc appoint any agent or agents it maY desuc tar the purpose of repaving said patttises and renting
<br />[he same and wltecting the rents, revenues and income, and it may pay put of said inca[ne sB ezpensct oC repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the saute and of collecting rentals therefrom; the ha_lance ren[a_init[g, it any, to ht
<br />applad toward rho discharge of said mortgage indebtedness; those rights of tnc mortgages may be ozeresed at any tirtx dwing the existence o(such
<br />default, irrespective of any temporary waiver oC the same.
<br />Them Presents, however, are upon the Cundition,'fhat if the seed Mortgagor shat) repay seid Inan un ur before tI[e matun[y of satd shares by
<br />payment: pay monthly to said ASSOCIATION of the sum specified in the Bund secured hereby as merest and pnnapal on said loan, un or before
<br />[he Twentieth day of each and every month, un@I said loan is fully paid: pay all taxes and assessments levied agaznst said premixs and on this Mortgage
<br />and [he Bond secured thereby, before dehnquen y; fwnish approved inmmnce upon the buildings thereon m [he sum of S 6, SDD. DD payable
<br />to said ASSOCIATION: repay to said ASSOCIATION upon demand all money by it paid for such taxes, asussmen[s and inswanrx with mteres[ at
<br />the maximum legal rate thernm Bom date of paymem all of which Mortgagor hereby agrees to pay: permit eo waste un said premises; keep and comply
<br />with all [he agreements and conditions of the Bond Fur S (, SDD, DD this day given by the said Mortgagor to vrd ASSOt:7ATION, and comply
<br />with all rho requvements pf the Cunstimtinn and By~Lxws of said ASSOCIATION; then [hose presents shall become null and void, utherwru .hey
<br />shall renmin in fuB force and may be foreclosed a[ the optton of the said ASSOCIATION after lailure for three months to retake uny u[ said
<br />payments or be iluee months in arrears W making said monthly payments, or to keep and comply wuh the agreements and odnditions oC said Bond;
<br />and Mortgagor agrees tp have a rectirer appointed forthwith in such foreclosure proceedutgs.
<br />If There is any change in ownorship oC [he real estate mortgaged nemin, by sale nr otherwise, then the entice remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Btdldutg and Loan Assuckttian of Grand Island, Nebraska,beeome tmntediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other band fur any additional advances nmde thereunder, shall, from the
<br />date oC ezsrcise of said option, bear interest at [hs maximum legal rate, and this mortgage may then be tereclused W satisfy tht amount due on said
<br />bond,and any other bond for additional advances, together with aB sores paid by said The P.quitable Bttilding and loan .45wciation oC Grand liland,
<br />Nebraska for inswance, taxes and assesst[mnts, and abstracting extension charges, whir interest [heman, Crom date uC payment at the ntaxitnttm
<br />Ittgei~rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee cony ht[eafter advan[e additional sums to the
<br />ttukera of said Bond, thou auigna or sucutasors in intesst, which sums shall be within the security of this mortgage the same as the funds urigittaBy
<br />sesartsd- lnsrshy, fns talaE at[~svr[t of pt4ts,;ipa1 debt mzt to exa-ed at any tints the original antuunt o;- [his mortgage.
<br />Da cola 13t day or August A. n.,ly 80
<br />s ~ __
<br />~+~1~~Rahbe
<br />L.F}_.~.Q~.::r2 r /car h nn ~. ~.
<br />Caroline: A. Rehberg
<br />SKATE of NEBRASKA, C ~ on ~tn;, 13th day a( August 19 80 , before me,
<br />COUNTY t3F HALL 4
<br />David E. Rehberg and Caroline A. Rehberg, the undersigned, a Notary Pubhc m and for said County, perwnaBycume
<br />each in his and her own right and as spouse of each other woo are perwnaily known to
<br />act to bt tl[t.identital person 5 whose nattu s d Y'e affixed to the above ins[rtmtent es rttar[gegorS and they severally
<br />ackstawledged the said inatrurrrent to bt ehel r voluntary act and dead. } -
<br />WITNFSS my hand and Notarial Seal the date aforesaid. ~ j ~~ ~~ _
<br />' My Commission exPUes ,,~% - -> - f ~ t
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