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<br />MS„3R"If"Aw'E _v~.~- -. _M.»
<br />MoRTCAC;e LaAw'tio.t..,-23388 FIGI,~
<br />xriow Ail, MEN BY THESE PRESENTS: That Keith J. Dreher and Mary D, Dreher, each i n hi s
<br />and her own right and as spouse of each other
<br />Mortgagor, whether one or more, ist consideration of ilte sum of
<br />Forty Four Thousand and No/100--------------------------------------------------- ooiLARs
<br />Ioaned to said mortgagor by The Equitable Building and loan Association of Grand Island, Nebraska, Mortgagee, upon 44O mares of stoclt of
<br />said ASSOCIATION, Certificate No. L 233$$ M6I C, do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated ir, FIall County, Nebraska:
<br />LOT TWO (2) IN BLOCK SEVEN (7} IN WINDOLPN'S
<br />AD"uiTiON fi0 THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereur_to belonging, including attached 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 assessrents levied or
<br />assessed upon said premises and upon this mortgage 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 sum of S 44,000.00 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 of any of the terms and conditions of [his mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and i=come to be derived from the mortgaged premises during such time as the mortgage indebtedness shaA remain
<br />unpaid; and the mortgagee shall have the power ro 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 same and of collecting rentals therefrom; the balance remaining, if any, to 6e
<br />applied toward the discharge of said mortgage indebtedness; these rig}tts of the mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, arc upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payment; pay mon[hfy to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, on ar before
<br />the Twentieth day of each and every month, until said Loan is fully paid; pay all taxes and assessments Levied against said premises and un this Mortgage
<br />and the Bond swcueed ehereby, before delirquency; furnish approved insuran ~ upon the buildings thereon in the sum of S ~Q COQ{}, OO payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid fur such taxes, assessments and insurance with interest at
<br />the maximum Legal rate thereon from date of payment alt 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 44,000.OO this day given by the said Mottgagar to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By-Laws of said ASSOCIATION; then those presents shall become null and void, otherwise they
<br />shall remain in full 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 Equitable Building and Loan Association 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 ro satisfy the amount due an sold
<br />bond,and any Defier bond for additional advances, together with ail 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 rata.
<br />As provided in the Bond 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 witMn the security of this mortgage the same as the funds originafly
<br />secured thereby, the tai amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />oaten this ~ 9th nay of Apr i 1 A. D.,19 79
<br />~~Ie ,, ~.
<br />ry re er
<br />S'L`ATE OF NEBRASKA, (~ On this 9th day of Apri 1 19 79 ,before me,
<br />COUNTY Ofi HALL )[
<br />the unde. ' ed, a Notary Public in and for said Cotmty, personally came
<br />Keith J. Dreher and Nary 0. Dreher, each in his and~ier own right and as spouse of
<br />each other who are personally known to
<br />me to be the idensical persop S whose names dre affixed ro the above insu mortgagor S and they severally
<br />acknawledgcd the said instrument to be their voluntary act and dttd. -
<br />1VITN>~ sy hand aztd Notarial Ssal ttre dots aforesaid. r
<br />'=Ly C3tprttissior._ @xplr~ '~ ' '" ~~ =' ' -
<br />~.~ Notary Pubuc
<br />aa-set t+u 'G'~~~ ` O ~ ~ y ~~ t"-'` GENERAL hfTARY -State et Nebr.
<br />~•"~-'G'• / ~: E:ti iV. Olt ON
<br />;77 4attrm. txF. true, iT, 1974
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