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80-- fiC~4659
<br />MORTGAGE
<br />MoxTCacE LOAN xo. L 23, 768
<br />RNOw ALi. MFN BY THESE PRESENTS: Thac Donald L. Brym and Alberta R. Brym, each in his and -
<br />her own right, and as spouse of each other
<br />Mortgagor, whether one or mart. is me[ddeutinm o£the ttua td'
<br />Twenty-five Thousand and No/100-------------------- ----------------------------- noLl.nRs
<br />ktaned to said trartgagor by The Equitable Building and l.om Association of Craod [gland, Nebraska, Mortgagee, upon . ~ 250 shares of siodc of
<br />said ASSOCIATION, Certificate No- L 23, 768 , do hereby grant, convey and mortgage unto the said ASSOCIATION the folbarirg-
<br />destxibed seal estate, situated in Hall County, Nebraska: -
<br />LOT FOURTEEN (74) BLOCK ONE (1), SOUTHERN ACRES
<br />ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA
<br />together with all [he tenements, hereditamen[s and appurtenances thereunto belonging, including attached noor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumb6-rg and water equipment and accessories [hereto,pumps, stoves,
<br />re(tigera[ors,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 agree that the mortgagor shall and will pay all [axes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby betbre the same shag become delinquent; to fumiah approved
<br />insurance upon the buildings on said premises situated in the sum of b 25 , OOO. OO payable to said ASSOCIATION and to deliv'tr to said
<br />ASSOCIATION the policies for said insurance; and not t° commit °r permit any waste on or ab°u[ szid premises;
<br />In terse of default in the pcrformancz of any o(the terms and conditions of this mortgage or the bond secured hereby, the m°rtgagee shag,
<br />on demand, be entitled to immediate possession of [he mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />rnortgagec ate the rents, revenues and inc°mt to be derived from the mortgaged premises during such aline as Iht mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall hasro the power to appoint any agent or agents it may desire for [ha purpose of repairing said premises and renting
<br />the satin and collecting the rtnta, revenues and income, and it may pay out of said income all expenses of repaving said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals thereGom; the balance reineining, if any, to be
<br />aF^he1 toward ffte discharge of said r,wrtgage indebtedness: these rights of the mortgagee may he exerised at any time during [hz zxistence of such
<br />default, irrespeciive of any temporary waiver of the same-
<br />These Presents, however, are upon the Condition, Tha[ if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bnnd secured hereby as interost and principal on said loan, on or beiorc
<br />the Twentitth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 25 , OOO.OO payable
<br />[o said ASSOCIATION; repay to said ASSOCIATION upon demand a6 money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay;pemtit n° waste on said premises; keep and comply
<br />with all the agreemens and conditions of the Bond for S 25, OOO.OO this day given by the said M1lor[gagor w said ASSOCIATION, and wmyly
<br />with all [he requirements of the Constitution and By-Laws of said ASSOCIATION: then these presents shall become null and void, otherwim [hey
<br />shag remain m full fora and logy be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three months in arrears il making said monthly payments, or to ktep and comply with the agreements and conditions of said Bond;
<br />end Mortgagor agrees W have a receiver appointed forthwith in such foreclosure protxedings.
<br />If there is any change in ownership of the coal estate mortgaged herein, by sale ur otherwise, then the entire remaining indebtedness hereby
<br />secured gFCSB, at the option of The L'yuitable Budding and Loan Aswciation of Grand Island, Nebraska, became immediately due and payable without
<br />further notice, and the armmnt remaining due under said bond, and any other bond for any additional advances made thereunder, shag, from [he
<br />date of exercim of gild option, bear interest at the maximum legal rata and this mortgage may then be foreclosed to satisfy the amount due on said
<br />buml,and espy °ther bond for additional advances, together with ill surds paid by said The F,yuitable Buildng and Loan Association of Grand Island,
<br />Nebraska foe insurance, lazes and assessments, and abstracting extension charges, with inmreri thereon, Gem date of payment at the maximum
<br />legal rate.
<br />As provided in the Bnnd secured hereby, while ekes mortgage remains m effect the mortgagee nny hereil'ter advana additional soma to the
<br />makers of said bond, then assigns or succexscrrs in interest, which satin ahaB be within the security of this mortgage the same as the funds originally
<br />secuted lhemby, the tots) amount of principal deb[ n°I h, exceed at any time the original amount oC this [nortgagt.
<br />[hied this 28th. day of August A. n., l~$O
<br />Donald 8r m --.---~ / ~•
<br />Alberta R. Brym ~-
<br />STATEOFNEBRASKA,~~ On [his 26th. der { AU9USt $O
<br />COUNTY OF HALL y ° i9 ,before me,
<br />the und<rsigricd, n Noury Pubbc in and for said County, personally came
<br />Donald L. Brym and Alberta R. Brym, each in his and her own right,~r~d as spo~S~nQt~y~ii~,~rco
<br />other are
<br />me to he the identi+al perapn S whose name 5 d re affixed to the above instrurr~sdt as mor or 5 and they screraBy
<br />' ackrowkdgad the said innrurrrent to be their voluntary act and deed. ~ `~ /~
<br />WITNESS my hand and Notarial Seal the daft aforesaid. i- ~'
<br />i,fy Commission ezpues -, ~ ~ ~ c_.iy;l __~~
<br />f 6fgfRAL HUTARY-State of @¢hrassa lilt ~ /j/ Nov Pub'
<br />twrwaat ai JOY M. Bc'AZLEY
<br />MY t:nrnm. fxp. Sept. 1, 1481
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