|
. 101196
<br />UOKT GAGE.
<br />MORTGAG£LoANNO. L 24.470
<br />iKVOWALL MEN BYTS1 f.PRIFSEWIN That Ied•1TTiiS A. Geber5 and Cindy M. CseberS, each in his and
<br />her cwn right and as spouse of each other, MOr4MM. WbCtbOf Due OF ,Ke, is OMidCrStiM Of the am of
<br />2 wxr,y Six Tut:and Five Htr>r1rx� and naI100
<br />1: 1110 said aeaspgm by The Fqukatde Budding and Loan Association offiraad Island, Nebradca, Mortpre, upon 265 tiaras of sock of
<br />said ASSOCIIATIPO i, C.crtificate No, L 24,470 , do hereby gent, chonve3. and nxrumpe ;unto the said ASSOCIATION the f61118W g
<br />desexbed mW ea save, situated m Hal C(mm,, Nebraska_
<br />All of bats Two (2) and Ti-iree (3), except the soutberiy
<br />nuxty nn-ee (33) , Feet of the Westerly Tk --nty Five (25) feet of
<br />Lot Three t3), all in Blcck Six (6), cf the Original Town,
<br />now City of Grand Island, Hall Cc)unty, Yebraska.
<br />t*cncwr with all the tenements, hcredisamrents and appurenant s thereunto belonguuK, including attached floor coverings, all window screens,
<br />window shades, blinds_ storm windows, awnings. heating, air conditeonine,and plumbing and water equipaxni and aectsorm thereta,ptam�s;stwez,
<br />rdr*ridors. and other fixtures and equitimait ntsw or hereafter attache to or used in comeciion with said real estate_
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shalt and will Ivey all taxes and asesum mdZ levied or
<br />assessed upon said premises and upon this mortgage and [Ire bond secured thercby before the carne shall become delinquent: to furnish approved
<br />aatmm the b on sad s snmated m the sum of a 25 500.. 00
<br />upon tu►dsugs premise , payable to said ASSOCIATION and to deliver w a:�l
<br />ASSOCIATION the policies for said insurance, and :cot to commit or permit ary waste on or about said premise;:
<br />c� g
<br />In case of default in the performance of any u[ the Yezrm:[ and conditions of t)ris mortgage or the bond secured hereby the smtrtga�ee sha>l,
<br />on demand, be entitled to immediate persse�on of the monad premises and the mortgagor hereby assigns, Ytatisiers and sets over to use
<br />a
<br />mortpge all the rents, revenues and income to he derived from the meorip red premises during such time as the mortgage indebtedness shall common
<br />unpaid: and the mcxtgrtgec shall have the power to appoint any cut oa agents it may desire for the pairing ptemtoes and mesair�
<br />Peon agent purpose of re said
<br />the same and collecting the teas, rcventrs and income, and it may pay out of said income all expenses of repairing said pterman; and rtaceawty
<br />conun utchns and expenses incurred in tenting and managing the same and of collecting rentals therefrom: the balance rem idaft if any, to be
<br />applied toward the discharge of said rrtora„tee indebtedness: these rights of the mortgagee may be exercised at any time during the ctutesoe of such
<br />default, irrespective of any temporary waiver of the !Came
<br />T•hese Presen ts. however, are upor. the Condition, That it the said Mortgagor shall repay said boars an or before the maturity of said shares by
<br />payment: pay monthly to said ASSOCIATION of the sure specified in the Bond secured hereby as interest and principal on said loan, on or before
<br />Twentieth day
<br />;
<br />the of each and every month, until said loan is frilly paid; pay all taxes and assessments levied against said premises; and on this Mortgage
<br />and the Bond secured thereby, before delinquency: furnish approved insuran x upon the buildings thereon in the sum 4S26,500.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, amts and insurance with interest at
<br />the marcimustt legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on ssid premises;keep and comply
<br />with ad the agreertnents and conditions af'the Bond for S 26 ,500.00 this day given by the said Mongagor Lo said ASSOCIATION, andy
<br />with AN 'be requirements of the ConsLitution and By -Laws of said ASSOCIATION: then these presents shall become null and void. otherwise they
<br />shah remain in fail force and may be foreclosed at the option of the said ASjOCIATION after failure for three months to ;mace any of said
<br />payments or be three months in arrears in ?haling si ad monthiv psynents, or in keep and comply with the agreements and conditions of said Boned;
<br />and Mortgagm agrees to have a receiver appointed forthwith in such foieclusun; proceedings..
<br />If share is any clra W in ownership of the real estate mrntgtged herein, by sale or otherwise, them the entire remaitung inirbtedness hetehy
<br />snared shall, at the option of The Egtdtable Building and Loan Asocuttion of Grand Island, Nebraska, become immediately die and payable without
<br />farther notice, and the amount recismung dice under said bond, and any other bond for any additional advances made thereunder, stltall, from the
<br />date of eximcna of sal option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bcmd,and any t thm r bond for additional advances, together with ail sums paid by said The Equitable building and Loan Association of Grand Island,
<br />'tea for mourance, taxes aid assessments, and abstracting ratensaia charges, with interest thereon, from date of payment at the maximum
<br />140 rate,
<br />As provided in the Bond secured hereby, while this mortgage s°rnair[a in et7eLt the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, thni assigns or Suceessors in nruerest, which surm slash he within the security of this mortgage the same as the funds originally
<br />seamed thereby, the total arttou d of principal debt tux to exceed at a.-sti time the origrnab amount of this mortgage.
<br />Dated ibis 7. t lay of March A. 7.. )g 86
<br />"Cindy+
<br />—
<br />STATE Of NFI*ASKA -�
<br />a. Or taus ?tat as of arch 19 t>ta .before me.
<br />cxx)wm' Cif IfALf. j
<br />0.he undersigned, a Notary Put lid in and fur said County, pernrnally riatme
<br />Iaf:tii315 A. GreberS and Clrciy M. Caf:DETS, ?aif`e in his and her C7W:; Zlyh't and as 5jit?L59e y� t`_ -_-
<br />other, w 312 peasr riven Co
<br />arc lea be the tarra veal prate >v S *bare .name S alL, stfmc6 a the at,or r malrur they rally
<br />a dL;K *Wiedpta1 oic 9a0.3 anirrWmhow r:± be ttlelr vY-lop Luh a,t a1,3 :1Ltt :e,
<br />4s97rvf w4 zy- asraJ ar:ci Noiattsi S w the da[r ah.,rt�a,c,
<br />sea .n .jaiec Ale
<br />
|