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<br /> MORTGAGE
<br /> MORTGAGF.LOAN NO.L22�768 _
<br /> � � KNOW ALL MEN BY THESE PRESENTS:That C1 arence H. Stratman and Luci 1 1 e J. Stratman, each 117
<br /> his and her own right and as spouse of each other,
<br /> . � � � � . Mortgagor,whether one or more,in considera[ion of the sum of
<br /> ! FivP Thoucanri an�1 Nn/lnC1 ---------------------------------------DOLLARS
<br /> loaned to said mortgagor by Tlie Equitable Building and Loan Assaciation of Grand[sland,Nebraska,Mortgagee,upon 5� shares of stock of
<br /> '' , ...said ASSOCIATION,Certificate No.L 22�76$ ,do heceby grant, convey and mortgage unto the said ASSOCIATION the followin�
<br /> � � described real estate,.situated in Hall County,Nebraska: �
<br /> LOT FOUR (4) IN BLOCK TWO (2), IN KNICKREHM
<br /> THIRD ADDITIO�! TO THE CITY OF GRAND ISLAND,
<br /> NALL COUNTY, NE6RASKA.
<br /> togetlier with all�Ihe tenements,hereditaments and appurtenances thereunro belonging,including altached floor coverings,all window screens,
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water eyuipment and accessories[hereto,pumps,stoves, '
<br /> refrigerators,and other fixtures and eyuipment now or hereaft.er attached to or used in connection with said real estate.
<br /> � And whereas the said mortgagor has agreed and does hereby egree Uiat the martgagor shall and will pay all taxes and assessments levied or .
<br /> � � � assessed upon said premises and upon this mortgage and ihe bond secured thereby before the same shatl�ecome delinquent;to furnish approved
<br /> � �insurance upon the buildings on said premises situated in the sum oC S 5�QQO.�Q payable to said ASSOCIATION and to deliver [o said � �
<br /> ASSOCIATION the policies for said insurance;and not to commit or permrt any waste on or abou[said premises;
<br /> In case of default in the performance of any of the terms and conditions uf dus mortgage or d�e bond secured hereby,the mortgagee shall,�
<br /> on demand,be e�itided to immediate possession of the rnortgaged premises and�the murtgagor Itereby assigns, transfers and sets over to the
<br /> mortgagee all the rents,revenues and income to be derived from the morf�aged premises during such time as the mortgage indebtedness shall remain
<br /> unpaid;and the mortgagee shall have the power[o appoint any agent or agents it may desire for the purpose ot repairing said premises and renting.
<br /> � the same and collecting the rents,revenues and income,and it may pay ou[ of said income all expenses of repairing said premises and necessary ..
<br /> commissions and expenses incurred in renzing end mxnaging the same and of collecting rentals therefrom: Ihe balance remaining,if any, to be �
<br /> applied toward the discliarge of said mortgage indeb[ednesst these rights of the mortgagee may be exercised at any[ime during the existence of such
<br /> � default,irrespectivc of any temporxry waiver of the same. � . �
<br /> These Presents,however,are upon the Condition,That if the said Mortgagor shall repay s3id loan on or before the maturity of said shares by
<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 Twentielh day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against sxid premises xnd on[his Mortgage� �
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<br /> and the Bond secured thereby,before delinyuency:fumish approved insurance upon the buildings thereon in the sum of$5�00�.�� payable
<br /> . to said ASSOGATION;repay to said ASSOC1AT10N upon demand all money by it yaid for sucli taxes,assessments and'uisurance with interest at
<br /> ��t the maximum legal rate thercon from date of payment all of which Mortgagur hereby agrees to pay;permit no was[e on said premises;keep and wmply
<br /> with all the agreements and conditions of the Bond for$5����.�� Ihis day given by[he said Mortgagor tu said ASSOCIATION,and comply �� .
<br /> with all the requirements of the Cons[itution and By�Laws of said ASSOC1ATlON;[hen these presents shall become nuli and void,otherwise they
<br /> shall remain in f'�I! (orce and may be foreclosed at the op[ion of Uie said ASSOCIATION after fxi�ure for three mon[hs to make any of said �
<br /> payments or be three months in arrears in making said mon[hly pxyments,or to keep and comply with the agceements and conditions of said Bond; .. � �
<br /> - and Mortgagor agrees to have a receiver appointed forthwith in such fareclosure proceedings. . .. �
<br /> � IC 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,a[the option of The Equitable Building and Loan Association of Crand 1sland,Nebraska,become imrnediately due andpayable 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,und this murtgage may t}len be foreclosed to satisfy the amount due on said � �
<br /> bond,and any other bond for additional advances,together wi[h all sums paid by said The Equitable Building and Loan Association of Grand Island, � � . - ,
<br /> �. Nebraska for insurance,taxes and xssessments,and abstracting extension charges, with interest thereon, from date of payment at the ma�cimum . � � �
<br /> legal rate_
<br /> As provided in the Bond secured hereby,while this moctgage remains in effect the mortgagee may hereafier advance additionat sums to the . . ..�
<br /> � - � � makers of said Bond,their assigns or successors m interest,which sums shall be within the security of[his mortgage the same as the funds originally � . . � .
<br /> � � secured thereby,the total amount of principal debt not to exceed at any time the ori�inal amount o!this mortgage. �
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<br /> areactas 2nd day of August � n.�.,i� 77) .��� "
<br /> � ~.l•''�r7��w'...A? -�. i � k�,."�.did�_-� .. .c.�'.� � �� .� ..��/��.. �—_. {�—`-; � .
<br /> C7arence H. Stratman = ' •ucille J. Skratman
<br /> STATE OF NEBRASKA, 2nd /�U USt 19�� ,before me,
<br /> ss. On this day of 9
<br /> COUNTY OF HALL� 1
<br /> � � � die unQersi Cd,a Not Public in and fpr a'd Cou t erwnall came - -..�* ���"� ��
<br /> Clarence H. Stratman and Lucille J. Stratman, each in�iis anc�ryher own r�g�i� an�y��' spo�se ( ,�y � ,
<br /> Of edC�1 Otfl@P� who d�^@ personallyknownto � ,y.F
<br /> �- me to be the identical person 5 whose name 5 affixed to the above ins ment as r gagor S and they severally "�'"q.
<br /> acknoK•ledged ttne said instrument to be tfie i r voluntary act and deed, �
<br />�� � � � _ � WITNESS my hand and Notarial Seai the date atoresaid. j . L �� �
<br /> :.�.�!'�.Y...CQ,11T.lJA�Ssa4n.e.,XP'ues � �� � ? � . �. .
<br /> � ;� �GEl�EAAL NOTARY�Sts e ol t'�.Gr.� � '�1i � � �
<br /> dn.J't5 4'i.(�lt✓I+t I�/'/_ , Notary Pu lic
<br /> bq. fll� My l,un'�a�..taV.tror.Ae.,a.Y�v� C�[% � ��o � '�J'� 7�j
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