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6t 100918
<br />MORTGAGE
<br />1 MORTGAGE LOAN NO., T. '24,463
<br />KNOW ALL MEN BY TIMSE ARESEN- That Gary R. Erdbruger and Teresa A. Erdbruger, each in his
<br />and her own right and as spouse of each other, Mortgagor. whether ore or snore, in consideration of the sum of
<br />LLARS
<br />loaned to said mortMor by The Equitable Building and Loan Association of grand Island, Nebraska, Mortgagee, upon 110 shatres of stock of
<br />said ASSOCIATION, Certificate No. L 24,463 . do hereby grant, convey and rtwrigage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Tats Twelve (12) and Thirteen (13), in Block Six (6)
<br />in Pleasant Hill Addition to t±le City of Grand Island,
<br />Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thercumo helongmg, Including attached floor coverings, all window screens,
<br />window shades, blinds. storm windows, awnings, treating, air cndition:ng, and piumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now, or hereafter attached to or used its connection with said real estate.
<br />And whereas the said rrtor.gagor has agreed and does hereby agree that Lhe mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the band secured th::reby before tire same shall become delinquent: to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 11, 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and nor io 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 mortgage or the bond secured hereby, the mortgagee shall,
<br />tin demand, be entitled to immediate posscssion of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid: and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said Income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred m aerating and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time durin the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition. TTrat if the said Mortgagw 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 9ond secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of cacti and every, month, until said lawn is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />avid the Bond secured thereby, before delinquency: furnish approved insurance upon the buildings thereon in the sum of S 11, 000. DO payable
<br />to said kS%OCiATTON -. repay to said ASSOCIATION upon demand all 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; permit no waste on said premises ;keep and comply
<br />with all the agreements and conditions of the Bond for S 11 000, 00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with alt the requirements of the Constitution and By -Laws o1` said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed at the option of the said ASS(CiAT1ON after failure for three months to make any of said
<br />payments or 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 to have a receiver appointed forthwith in such forechisure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by safe or otherwtse, then the entire retraining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Assuciation 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 for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond, and any other bond for additional advances, together with all sutras paid by said The Fquitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />iegw rate.
<br />As provided in the Bond secured hereby. while this mortgage remairis in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors tar interest, which suers shall toe within the security of flits morigage the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any nmre the oripriai amount of this miorti;
<br />Dated this 24th bay of Feki_ni.�� 4 bL, 19 $6
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<br />E /as t
<br />G >T9it
<br />STATE ON NURRASK.A, 1± l day f lU 86 cl :_: isy before rite,
<br />ss. t)n this . o
<br />COUNTY O}f- 'MALI,
<br />'.tie wnder.agned, a Norar.v Public rat and for said County, perstrully carne
<br />Gary R. Erdbrux-!r ate: 1i=resa A. Erdbruucr, ,Inch in : is and ly r : :-wn A�ght alai ` A&f4.f .w jTo
<br />aach ather, a
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<br />au ►.rn,wtf ifgc <f tom• sata?a wasrarrcearl f <: be t -1 r vniunta :r a;, xnJ deed /
<br />4[i1T'wr 1� joy t a.r f Ai,j N,,J jUil Sell slot ;lair a s.irsarri
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