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86._. 103950
<br />MORTGAGE
<br />MORTCACE IRAN NO. L 24,545
<br />KNOW ALL MEN BY THESE PRESENTS: Thai Lyle D. Deck and Edith M. Beck, each in his and her
<br />own right and as Spouse of each other, Mortgagor, whether one or more, in consideration of the tam of
<br />Seven Thousand and ro�00-- -- - - -- °------------- --�7bf LARs
<br />loaned to said mortgagor by The Equitable Building and Ilan Association of grand Island, Nebraska, MortgaM upon 370 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24,545 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />deicrs -bed real estate, situated in Hall County, Nebraska:
<br />Lot Nine (9) , Block Five (5) , Dill and Huston's Addition to the City of
<br />Grand Island, Hall County, Nebraska and that part of platted Beta Street
<br />vacated by Ordinance No. 4932 of the City of Grand Island, Hall County,
<br />Nebraska being the East Twenty Five (25) Feet of the South One Hundred Twenty
<br />(120) Feet of said Betta Street adjacent to and lying from the North line of
<br />Tenth Street, all in Dill and Huston's Addition to the City of Grand Island,
<br />Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including aitached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, 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 agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby betorc !Ire same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of $ 37,000 .-00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In case of default in the performance ol' any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the nortgagor 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 retrain
<br />unpaid; and the mortgagee shalt have the Lower no 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 in renting and managing the sane 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 />default, irrespective of any temporary waiver of the saute.
<br />These Presents, however, are upon the Condition, "l'hat if the said Mortgagor shall repay stied loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Room wcured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, until said loan !s fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, Lrefoie delinquency: furnish approved insurance upon the buildings thereon in the sum of $ 3 7, 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal iate 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 37, 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and Hy -Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain in frill force and may 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 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 foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Uquitable Building and Loan Association of (;rand Island, Nebraska, become immediately din: acrd 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 maximunt legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />boud,and any other bond for additional advances, together with all sums paid by said The Equitable 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 />legal late.
<br />As provided in the Bend secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same , ate funds originally
<br />secured thereby, the total amount of ipincipal debt not It) exceed at any hoc the original amount of this mortgage.
<br />ted .® /\ n8 �tdayJrf �ri l./ A. D.. 11t 86
<br />STATE OF NEBRASKA, 5%f' day of � s��' / 19 $tj , before Inc,
<br />ss- On this !
<br />COUNTY OF I IAl,L
<br />the undersigned, a Notan Public it and fin and Count perwrnally cattle
<br />Lyle D. Heck and Eclith M. Pkck, each in his and her own right and as spoLA3e o each ether,
<br />who c-.ue. personally known to
<br />Inc to be the identical pcts,n g µhas mote S dl(? Afoxed to Ili, abuvr iris? rumv:11 as nwrlgago
<br />acknowledged the said ins,zununt to tic Lh, i ' roluntacv act and deed 1
<br />i
<br />WI IN1SSS ms hand and Nut i' Jet' atincsasd.
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