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<br /> MOKTGAGE
<br /> MORTGAGE LOAN N0. 22��z�
<br /> KNOW ALL MEN 13Y THESL PRESGNTS:That Phy��15 �. Schmi dt d11d Kenneth H. Schmi dt, her
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<br /> fiusband
<br /> ,. ; Mortgagor,whether one or more,in wnsideration of the sum of
<br /> Fifty Thousand and NO/LOO--------^—^---------------------------------------------- DOLLARS
<br /> loaned to said mortgagor 6y The Equitable Building and Loan Associationpf Crand Island,Nebraska,Mortgagee,upon 5�G shares of srock of
<br /> {� � . � said ASSOCIATION,Certificate No.L22�]ZQ �,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> dascribed�real estate,situated in Hall County,�Nebraska: . � � . � �
<br /> ' ` PART OF THE SOUTHER�Y ONE HALF (S,) OF LOT TEN (10) , OF THE COUNTY SUBDIVISION OF THE
<br /> SOUTH HALF OF THE SOUTHEAST QUARTER (SzSE;) OF SECTT�N SIXTEEN (16}, TN TOWNSHIP
<br /> ELEVEN (11), NORTH, RANGE NTNE (9), WEST OF THE SIXTH P.M., BEING MORE PARTICULARLY
<br /> DESCRIBED AS FOLLOWS: BEGTNNI'NG AT THE SOUTHWEST CORNER OF L.OT TEN (10) THENCE
<br /> RUNNING NORTHERLY ALONG THE WEST LTNE OF LOT TEN A DPSTANCE OF FOR7Y FEET (40') THENCE
<br /> RUNNING EASTERLY AND PARALLEL TO THE NORTHERLY LINE OF LOT TEN (10) A DISTANCE OF
<br /> FORTY FEET (�}0') TO THE ACTUAL POINT OF BEGINNING THENCE RUNNING NORTHERLY AND
<br /> PARALLEL T0 THE WESTERLY LINE OF LOT TEN (10) A DISTANCE OF SIXTY FOUR FEET (64')
<br /> THENCE RUIviVING EASTERLY AND PARALLEL TO THE NORTHERLY LINE OF LOT TEN (10) A DISTANCE
<br /> OF ONE HUNDRED TWENTY SIX FEET (126') TO THE EASTERLY [INE OF SAID lOT TEN (10)
<br /> THENCE RUNNING SOUTHERLY ALON6 AND UPON THE EASTERLY LINE OF LOT TEN (10) A DISTANCE
<br /> OF SIXTY FOUR FEET (64') THENCE RUNNING WESTERLY PARALLEL TO THE NORTHERLY BOUNDARY
<br /> LINE OF LOT TEN (10) A DISTANCE OF ONE HUNDRED TWENTY SIX (126') FEET TO THE POINT OF
<br /> BEGINNING.
<br /> together with all the tenements, hereditaments and appurtenances•thereunto belonging,inciuding at[ached floor coverings, all window screens,
<br /> window shades,blinds,storm windows,awnings,heating,air condi[ioning,and plumbing and water equipment and accessories[hereto,pumps,stoves,
<br /> � refrigerators,and other Gxtures and equipment now or hereafter attached to or used in connection with sxid real es[a[e. . �
<br /> And whereas the said mortgagor has agreed and does hereby agree diat the mortgagar shall and wilt pay all taxes and assessments levied ot
<br /> � assessed upon said premises and upon this mortgage and the bond secured thereU�+ before the same sl�all become delinquent;to furnish approved
<br /> insurance�upon the buildings on said premises situated in die sum of$ 'GO,���.U� payable to said ASSOCIATION �and to deliver to said �
<br /> ASSOCIATION the policies(ur said insurance;and not to commit or permit any waste on or about said premises, �
<br /> � In case of default in the perfonnance of any o(the terms and conditions of this mor[gage or the bond secured hereby,the mortgagee�shall,
<br /> . on demand,be entitled to immediate possession of the murtgaged premises and the mortgagor hereby assigns, transfers�and sets over to the
<br /> , mortgagee all lhe rents,revenues and income to be derived From the mortgaged premises during such time as the mortgage indebtedness shall remain
<br /> unpxid;anA the mortgagee shall have Ihe power to appoint any agent or agents i[may desire for the purpose of repairing said premises and renting
<br /> � the same and wllecting the ren[s,revenues and income,and it may pay out of said income all expenses of repairing said premises and necessary
<br /> wmmissiuns and expenses incurred in ren[ing aad managing the same and uf collecting rentals thereGom; the balance remaining,if any,to be �
<br /> applied toward the discharge of said mortgage indebtedness;these righ[s of the mortgagee may be exercised at any time during tha existence of such
<br /> � de(ault,irrespective of any temporary waiver of�he same.
<br /> `� These Presents,however,are upon the Condition,That if the said Mortgugor shal3 repay said loan on or before[he maturity of said shares by
<br /> � payment;pay monthly to said ASSOCIATION uf the sum specified in the Bond secured he�eby as inierest.and pruicipal on said loan,on or before
<br /> '� . thc Twentieth day of each and every month,until said loan is fully paid;pay al]taxes and sssessments levied against suid premises and on this hlortgage ��
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<br /> � and the Bond secured thereby,before delinquency;fumish approved insurance upon the buildings Ihereon in the sum of S 5Q�QQQ.QQ payable
<br /> . to said ASSOC1AT10N;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance wi[h interest at
<br /> ihe maximum legal rate thereon from date of yayment ail of which Mortgagor hereby agrees[o pay;permit no waste on said premises;keep and comply� ...
<br /> with all the agreements and conditions of the Bund for S 5O OOO.�� tlus day given by the said Mortgagor to said ASSO(:IATION,and comply
<br /> �with all the requirements uf the Consiitution and By-Laws of said ASSOCIATION; then these presents shall become null and void,otharwise they . �
<br /> shali remain in futl force and may be foreclosed at the option of ihe said ASSOCIATION after failure for [hree months to make any of said �
<br /> . payments or 6e three months in arrea�s in making said maithly paymen[s,or to keep and comply with thz agreements and conditions of said Bond; � � �
<br /> and Mortgagor agrees to have a receivec appoin[ed furthwith in such foreclosure proceedings. � � �
<br /> lf there is any change in ownership of the rexl estate mortgaged herein, by sale or otherwise,then the entire remaining indebtedness hereby : � �
<br /> secured shall,a[the option of The£quitable Buildins and Loan Association of Grand island,Nebraska,become immediately due and payabie without � . .
<br /> � further notice,and the amowit remaining due under said bond,and any other bond for any additionai advances made thereunder,shall,Crom the � � - .� �
<br /> date of exercise of said option,bear inierest at the maximum legal ra�e,and this murtgage may then be foreclused to satisfy the amount due on said
<br /> bond,and any other bond for additianal 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 ma�timum . �
<br /> � legal rate. .
<br /> As provided 'v�t;:e Bond secured hereby,while ihis mortgage remains in effec[ the mortgagee may hereafter advance additional sums to the � � � �
<br /> maY.e;s of said Bond,their assigns or successors in interesi,which smns shall be withui the security of this mortgage the same as the funds originally � � � � � � � � �
<br /> � secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage. � � � . �
<br /> nacea tn�s 3 Lh day of June w.U.,i9 77
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<br /> s . c mi
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<br /> � Ken eth N. Schmidt
<br /> STATE OF NEBRASKA>�ss. On this 3Oth day of June 1977 ,before me,
<br /> COUNTY OF HALL I, •y;
<br /> ihe unde signe ,a Notary Public in and for said County,personally came . ' '���,., ,�, ,
<br /> Phyliis C. Schmidt and Kenneth H. Schmidt, her hus�and`� � s�`
<br /> l � � � � � �� � � who are personally known to � ���
<br /> � . me to be the identical person S \�]3���M�1�� e affixed to the above instrument as mortgagorS and they severaliy ' �"
<br /> acknowledged ihe said instr �o��s��C�T'y�',C� tary act an3 dced. ��
<br /> WI1'NESS haqd�l9HYi Sea�the te aforesaid. ,
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<br /> My Commi i6p 6C�.pu 2 ` � �m C ,,E%.('!�?'L—�
<br /> �� ,/9l''b G�`r..T.�.�'�-�.--.� ��,.
<br /> � � � � � � � Notaty Public
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