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MCWTIGAG8 101523 See L 21,525
<br />MORTGAGE LOAN NO. T. 24,,73
<br />DADW Ai.i.Id EN BY THESE PRESENTS: That Jerome D. Pieper anal Gayle A. Pieper, each in his and
<br />filer Ots/ll right and as spDuse of each oiler, Mortgagor, whadver Omer mom, � mraidu>riae of the scotch
<br />Sawzd-wavu Thanam and nt,J7m Ft[111 wYs
<br />inassd he mid morapsin try Tbr Rpitobie Bum and Lags Aaoei t on of G+aad hand, Nebusika, Mortgagee, are 170 u of it ale of
<br />aid A MWIATWN, Certificate No. L 24,473 do hereby grant, convey and nw tgafee unto the said ASSOCIATM. the following
<br />4 I red estate, situated in haft County, Nebraaka:
<br />Lot Thirty Fight (38) , A' Jerson Second S.Ihdivision,
<br />an addition to the City of Grand Island, Fall County,
<br />Nebraska.
<br />together with all the tenements, hereditamenu and appurtenances thereinto belonging, including attached floor coverings, all window screens,
<br />wmduw shades, blinds, storm windows. awnings. heating, air conditioning, and plumbing and water equipment and accessories; tiereto;pwnps.atoves
<br />refrigerators, and other fixtures and equipment now er hereafter attached to or used in connection with said read emote.
<br />And whereas the said mortWor has agreed and does hereby agree that the mortgagor shalt and will pay all taxes and aseaments leased or
<br />assessed upon said pre mises and ions this trwrtgage and the bond secured thereby before the same shall become delinquent. to furnish approved
<br />insurance upon the buildings on said premises situated in the sun of $ 17,000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said imatrance; and not to commit or permit any waste on or about said premises;
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the moitgagee shalt,
<br />on demand, he entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee an the rents, revenues and income to be derived from the mortgaged premises during such tune as the mortgage indebtedness; Shan remain
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<br />and the shall have the to tan t or agents it nay desire for the of said and
<br />mod; rnortltagux Power appoint Y agcy ago y purpose repairing P� �
<br />the some and colleetuag the rents, reverters and income, and it may dry out of said income all expenses of repairing said grannies and necessary
<br />rn and expenses incurred in renting 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 during the existence of such
<br />Al
<br />defaak. irrespecium of any temupotary waiver of the same
<br />Thew Presents. however, are upon the Condition. That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
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<br />payment-. pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and cimry month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortpr
<br />aed the Bond secured thereby, before delinquency: furnish approved insurance upon the buildings thereon in the s® of S 17,000.00 payable
<br />to said ASSOCIATION. repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and ataranc a 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 17, 00.00 thus day given by the said Mortgagor to said ASSOCIATION, and comply
<br />whit all cite requirements of the Constitution and By -Laws of sai ASSOCIATION; then these presents shall become null and void, otherwise they
<br />that' rest in full force and nay be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />lasy2anrts of be three months in arrears in retaking said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />red Mtn agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If them is any dmtge in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness busby
<br />sneered sdall, at the option of Die Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and psysible without
<br />fu Mm asstme- raid the amount remaining due under said bond, and any other bond for any additional advances mark thuetawier, shall, from the
<br />dw of caaer m of said option, bear interest at the maxim= legal rate. and this mortgage may then be foreclosed to satisfy the amount due an said
<br />ha.d,sssd my other bond for additional advances, together with an sums paid by said The Equitable Building and Low Asaocintiam of Grand island,
<br />Nalratin for insurance. tares and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal Tau.
<br />As provided in the Bond secured hereby, while this mortgage retrains in effect the mortgagee may hereafter advance additional sum, to the
<br />sanieen of said Bond, their amps or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secuued themby, the total arriount of principal debt not to exceed at any time the original amount of this mortgage.
<br />day of March A. D.. 19 86
<br />his 24.0
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<br />O
<br />STATE OF NfdihlitASKA, a. On the
<br />COUNTY OF "ALL � 24th day of March ] 9 86 before rte,
<br />the undersigned. a Notary Public in and for said County, personally came
<br />Jezvae D. Pieper and Gayle A. Pieper, each in his and her ogre right Nhand as Gpo� e &v kn wn'—'io
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<br />other, axe
<br />me to he the bdeotwad persem S whine name are affixed ti, the above rnWuriiem a5 mortgagor S and they severally
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<br />admtswiedgrd rte said instrun"t to be their voluntary act and deed.
<br />WlTNLSN tny haael and Notarial Seal the date afinesa id . - 1
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<br />b►AS 41n ac fit— ilalsss iSaeaaW !votary Public
<br />as NOWWORN4
<br />��F* go.2.i11lr
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