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<br /> 77- e E r��712
<br /> MORTGAGE
<br /> MORTGAGE LOAN N0. L 22�75
<br /> ' KNOWAI.LMENBYTHESEPRCSBNTS:That C�1d1'�Ott2 Y. Schroeder, a single person
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<br /> Mortgagor,whether one or more,in consideration o€the sum of ' ` •-
<br /> :., . Seven Thousand 'and No/100---------------------------------------------------------�LLnRs ; . ?
<br /> loaned to said mortgagor by The Equitablc Buildingand Loan Association of Crand lsland,Nebzaska,Morigagee,upon 70' shares of srock of
<br /> said ASSOCIATION,Gertificate No.L 22��5 - ,do hereby grani,convey and mortgage unto the said ASSOC[ATION the following
<br /> described real estate,situated in Hall County,Nebraska:
<br /> F � � . � . . . . . .. � . . . . .. � . � .
<br /> F LOT 7W0 (2), IN BLOCK TNIRTEEN (13), iN BONNIE
<br /> t BRAE ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br /> ? COUNTY, NEBRASKA.
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<br /> 4 ,.
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<br /> � ,�� � �. together wi[h.all U7e tenements,hereditaments and appurtenances thereunto belonging,.including attached ffoor coverings,a11 window.screens, �
<br /> . . window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and waterequipment and accessories thereto,pumps,stoves,
<br /> a:: � refrigerators,and other fixtures and�equipment now or hereafter a[tached to or used in connection witli said real esYate. � � � � . �
<br /> ' � And whereas the said morxgagor has agreed and does hereby agxee that the mortgagor shall and will pay all taxes and assessmenfs levied or - ,
<br /> assessed upon said premises and upon this mortgage and the bond secured Uierebv before the same shall become delinquent;to furnish approved
<br /> � i . �����Q S
<br /> .��insurance�upon the buildings on said premises situated in the sum of$ 7, payable to said ASSOCIATION and to deliver to.said �
<br /> � � A,SSOCIATICEN the policies for said�insurance;and not to commi[or permit any waste on or about said pretnises; �� � �. � � � �
<br /> f In case of default in the performance of any of the terms and conditions of tlus mortgage or the bond secured hereby,the mortgagee shall, j
<br /> ��- ��on demand;be�entitled to immediate possession of the mortgaged premises and the mortgagor�hereby.�assigns, transfers�and sets�over to the`�
<br /> mortgagec ali tlie rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br /> ���unpaid;and the m�rtgagee shall have the power to appoint any agent or agents i[ 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 ali 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 be
<br /> ; applied toward the dischazge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during tfie existence of such
<br /> � default;irrespective ofany temporary waiver of the same. r
<br /> �These��Presents,Itowever,are upon the Condition,That it tl�e said Mortgagor shall repay said loan on or before the maturity of said shzres by
<br /> . z�,� .payment;pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principai on said lqan,on or before� �. (
<br /> � the Twentieth day of each and every monih,until said toan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage
<br /> . and�the Bond secured thereby,before delinqueney;furnish approved insurance upon the buildings thereon in the�sum of$7�OQO.QQ ��.�payable ��
<br /> ' �� �� .�to said ASSOCIATION;repay to sxid ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with�interest at�� _
<br /> �� � . �the��tnaximum legal rate thereon�from date of payment atl of wliich Mortgagor hereby agrees to pay:permit,nu waste on saiJ premises;keep and comply.�
<br /> , with all the agreements and conditions of the Bond for$ ���0�.�� ihis day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> with all the requirenzents of the Constitution and ByLaws of said ASSOCIATION;then these presents shal!become null and void,otherwise they , �
<br /> i shal] 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 /> paymenls or be three months in arrears in making said monthly payments,or tu keep xnd comply wi[h the agreernents and conditions of said Bond;
<br /> 3 � �` and Mortgagor�agrees to have a receiver appointed forthwith in such foreclosure proceedings. . � . � . . .� � .�
<br /> aIf there is any change in ownership of the reat estate mortgaged herein,by sale or otherwise, then the entire remaining indebtedness kereby
<br /> � secured shall,aFthe option of The 6quitable Building and Loan Association of Crand Island,Nebrasica,become immediately due and payable without
<br /> further notice,and the amounr remxining 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 to sa[isfy the amount due on said
<br /> �f bond,and any other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grand tsland,
<br /> Nebraska for insurance,Yaxes and assessments,and abstracting extension charges, with interesr thereon,from date of payment at the maximum
<br /> � � legal rate. :
<br /> As provided in the Bond secured heteby,while this morigage remains in effect the mortgagee may hereafteradvance additional sums to the
<br /> 1 makers of said Bond,their`assigras or successors in interest,which sums shall be within the secwity of this mortgage the same as the funds originally
<br /> £ secured ihereby,she total amoisnt oF principal debt not to exceed ai any time the originat amount of this mortgage.
<br /> �
<br /> T oa�ea u�;s 9th! aay oe August a.n.,i9 77
<br /> r`°�.�:�"�:t�.�-�� ��- ' S�c��r�e.T.�
<br /> C�r o'I��:—�cbroe er
<br /> ? STATE OF NEBRASKA,� t
<br /> ss.�� Onthis 9th�� dayof �UJUSt � 19�7 ,beforeme,�� .
<br /> COUNTY OF HALL
<br /> � the undersigned,a Notary Public in and f'orsaid County,personally came _,� � ,��*;
<br /> Cfiarlot�Ce Y. Schroeder, a single person, ,�
<br /> : who 1 S personally known to �, �in � ,
<br /> 1, yx. .r .
<br /> � me � person whose name 1 S affixed to the above insuument as mortgagor and S�le XA41(rIm(y �'
<br /> ra• II` �� .
<br /> : owJp�7�djle trumem to be hEP voluntary act and deed. t 5� �
<br /> � `�N R�4�TN my hand and Notarial Seai 1he date aforesaid. � �� °
<br />� ' NfJTA.RY My�opi 'sionexpires�.. ... ��: � � `�.� � � . � .
<br /> S'i':'.COMMiS51dN .S.t . .� ', ���D � .���j . � �_ .�,:
<br /> � EXPiRES • � 1 � Notary PubHc
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<br /> � ,�« 9T�Gfi NE��'� �
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