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<br /> �� �048�7
<br /> MORTGAGE
<br /> MORTGACE LOAN NO. L PZ�gO
<br /> ; � KNOW ALL MEN BYTHESB PRESENTS:That Ri chard L. Traudt and Jeanette M. Traudt, edCf7 1❑ hl S
<br /> and her own right and as spouse of each other,
<br /> Mortgagor,whether one or more,in consideration of the sum of
<br /> Thi.r*�c-.Two Thousand Eight Hundred and Noj100------------------------------------Dpt�Atzs
<br /> luaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 328 shares of stock of
<br /> said ASSOCIATION, Certiflcate No.L 22790 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the faltowing
<br /> -described real estate,situated in Hall County,Nebraska;
<br /> LOT FOUR (4} , MEADOW LANE SECOND SUBDIVISION OF
<br /> HALL COUNTY, NEBRASKA.
<br /> � together with a0 the tenements,hereditaments and appur[enances thereunto belonging,including a[tached itoor coverings,all window screens,
<br /> window shedes,blinds,storm�windows,awnings,hea[i�g,air conditioning,xnd plumbing and water equipment und accessories there[o�,pumps,sloves, �
<br /> refrigera[ors,and other fix[ures and equipment now or hereal'ter 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 ot�
<br /> assessed upon said premises and upon tlus mortgage and the bond secured thereby before the same shall become delinquent;to furnish xpproved
<br /> � � �insurance upon the buildings on said premises situated in the sum of$ 32 80(� n� payable to said ASSOCIATION and to deliver to said
<br /> . ASSOCIATION Ihe policies for said insurance;and not to commit or permri'any'Cv3st on or about said premiser, � �
<br /> �. In case of�default in the performance of any of the terms and conditions of this murtgage or the bond secured hereby,the mortgagee shall,
<br /> } '��on demand,be entitled xo immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the�
<br /> . mortgagee all thn rents,revenues and incorne to be derived from the mortgaged premises during such time as the mortgage indebtedness�shall remain�
<br /> .� unpaid;and the mortgagee shall have the power to appoin[any agent or agents it may desite for the purpose of repairing said premises and renting�
<br /> [he same and collecting the rents,revenues and income,and it may pay ou[ of said income alI expenses of reyairin�said premises and necessary �
<br /> . �commissions and expenses inwrred in renting and managing the same and of collecting rentals therefrom; the balance remaining,if any,to be
<br /> � � applied toward [Ite discharge of sxid mortgage indebtedness;these rights of the mortgagee may be exercised et any time during the existence of such
<br /> . defaul[,irrespective of any temporary.waiver of the same. . � . �. . � �
<br /> � These Presents,however,are upon the Condition,That if[he said Mortgagor shall repay said loan on or before the matuzity of said shares by
<br /> � � � .payment;pay monthly to�said ASSOCIATION of the sum specified in the Bond secured hereby as interesc and principal on said loan,on or before �
<br /> � �the Twentreth�day of each and every mon[h,until said loan is fully puid;pay all taxes and assessmen[s levied against said premises and on this Murtgage�
<br /> � � �� and the.Bond secured thereby,before delinquency;fumisl�approved insurance upon the buildings thereon in the sum of$32�8��.�� payable
<br /> �.� . to�said ASSOCIAT[ON;repay to.said ASSOCIATION upon demand ail money by it paid for such taxes,assessments and insurance with interes[at� .
<br /> . the maximum Legal rate thereon from da[e of payment all of which Mortgxgur hereby agrees to pay;permit no waste on sbid premises;keep and comply �
<br /> t with all qie agreements and conditions of the Bond for$32 $OO�(] this day given by the said Mortgagor to said qSSOCIATION,and cnmply
<br /> -with all the requirements of the Constitution and By-Laws oPsa�d DCIATION;then these presents shall become nuA�and void,otherwise they
<br /> . � - �shall�.remain in futi fvre:e and may be foreclosed at the option of the said�ASSOCIATION after failure for thzee months to make any of said �
<br /> payments or be three mon[hs in arrears in making said monzhly payments,or to keep and comply with the agreements and conditions of said Bond; �
<br /> � xnd Mortgagor agrees to have a receivec 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 shaif,ai the option of The Equitable Building and Loan Association of Grand lsland,Nebraska,6ecome immediately due and payable without
<br /> � � further notice, and�the amount remaining due under said bond, and any other bond fot any additionel advances made�thereunder,shall,from the � '
<br /> � �� �date of.exercise uf said option,bear interest xt the maxiinum legal rate,and this mortgxge may then be foreclosed to satisfy the amount due on said �. � � �
<br /> � � bond,and any other bond for additional�advances,together with all sums paid by said The Equitable Building and Loan Aswciation of Grand�Island,
<br /> Nebraska for insurance;taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment at che maximum
<br /> legal rate.
<br /> As provided in the Bond secured hereby;while tttis mortgage remains in effect the mortgagee may hereafter advance addi[ional sums to the
<br /> . . �makers�.oLsaid Bond,their assigns or successors in interest,which sums shall be within tha security of this•mortgage the same as the funds originally . .
<br /> � .��.secured Ihereby,the total amount of princip�l debt not to exceed at any time[he original amount of this mortgage. � �
<br /> ar cr�s ;�.iodx'"'..-- aay or August A.D.,t977
<br /> �-: :��.,,... 7� ��. ,,��..�: �a�.F-
<br /> ichard L_ •raudt J�anette M. Traudt
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<br /> STATE OF NEBRASKA,�ss_ On this 23rd. day of AU91JSt 19 �7 ,beCore me,
<br /> COUNTY QFHALL R
<br /> �� �� - � � � � � the undersigned,a Notary Public in and for said County,personail,ycame � � � . � "��'
<br /> Richard L_ Traudt and Jeanette M. Traudt, each in his and her own r��ht and as oks of �; � � `
<br /> „! � each 0'thOT� w dl'2 Per��na y�Cnow to ,
<br /> me fo be the identical person S whose name 5 affbced to the above instrumant as mortgsgor g and they severally :��zr
<br /> -ihe � � N� r, be 'th8 i 1' voluntazy act and deed. •ti
<br /> BENEHAt r�i and Ivotarial Seal the date afaresaid.
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