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<br /> ��' 61f�4�92
<br /> , MORTGAG�
<br /> MORTGAGE LOAN NO. � 22794
<br /> � KNOWALLMEN'BYTHESEPRESENTS:Thxt L20 C. $td1T121' and Joan M. Stamer, 2dCj'1 1tl h95 c"111d hEY'
<br /> own rigfit and as spouse of each other
<br /> Mortgagor,whethefone or more,in consideratioa of the sum of
<br /> Thirty-Three Thousand Five Hundred and No/100------------------------------------- �LLAxs '
<br /> loaned to said mortgagor by The Equitable Building and L.uan Association of G�and Island,Nebraska,Mortgagee,upon 335 shares of stock of`
<br /> said ASSOCIATION,Certificate No. L 22�94 ,do hereby grant, convey and mortgage untu the said ASSOCtATION the following
<br /> described real estate,situated in Hall County,Nebraska:
<br /> THE EAST�RLY SEVENTY SIX AND FIVE TENTHS FEET (76.5') OF
<br /> LQT SEYEN (7j RND THE WESTERLY ZWQ (2'J FEET OF �QT SIX
<br /> (6) BLOCK TWO (2) IN KNICKREHM SIXTH ADDITION TO THE CITY
<br /> Of`GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> � together��witlt xll the tenements,hereditaments and appurtenances thereunto belonging,inciuding attached floor coverings,all window screens,. .�
<br /> �. � �� window shades,blinds,storm windows,awnings,heating,air conditioning,andplumbing and waterequipment and accessories therexo,pumps,stoves,
<br /> � � . refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said rea3 estate_ �� �� .. . � � �
<br /> .� � .And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay.all taxes�and assessments]evitd�or . �
<br /> - ' assessed upon said premises and,upon this mortgage and the bond secu e.{� t gr by efore the same shall become delinquent;to fumish�approved
<br /> inswance upon the buildings on said premises situated in tlie sum of$ �J,�V�•�� payable to said ASSOCIATION and to deliver to said
<br /> � ASSOCIATION the�policies for said insurance;�and not to commit or permix any wasie on or about said premises, � .. ��. - �
<br /> � In�cxse of default in ihe performance of any of the terms and conditions of this mortgage or the bond.secured hereby,the mortgagee shall, �
<br /> on demand,be entitled to immediate possession of the mortgaged premises and ihe mortgagot hereby assigns, transfers and sets over ta the
<br /> . �mortgagee.all the rents,revenues and income to be derived from the mortgaged premises during such time ag the mortgage indebtedness.shalt retnain
<br /> � : -unpaid;and the moYtgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premues 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 /> commiss3ons and expenses incurred in renting and managing the same and of collecting rentais therefrom; the balance�emaining; if any,to be
<br /> applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such'
<br /> default,irrespective of any temporary waiver of ihe same.
<br /> �� .� � � �These Presents,however,are upon the Condition,That if the said Mortgegor shall repay said Ipan on or before ihe maturity of said shates by� �
<br /> � payment;pay monthly Lo said ASSOCTATION of the sum specified in the Bond secured hereby�as interest and principal on said loan,on or before.
<br /> the Twentiethday of each and every month,until said loan is fully paid;pay x11 taxes and assessmems levied against said premises and on this htortgage
<br /> and the Bond secured thereby,before delinquency;furnish xpproved insurance upon the buildings thereon in the sum of$$$�5OO.00 payable
<br /> to said ASSOCIATION:repay to said ASSQCIATION upon demand xll money by it paid(or such taxes,assessments and insurance with interest at
<br /> :5�� � � .� the�rttaximum legal rate thereon from date of paymen[all of which Mortgagor hereby agrees to pay;permit no wastebn said premises;keep and comply� ��
<br /> with all the agreements and wnditions of the Bond for S 3$,50�.�� this day given by the said htortgagor to said ASSOCIATIOtv,and comply
<br /> with ail the requirements of the Constitution and By-Laws oF said ASSOCtATION;then these piesants shall bernme nuil and void,otherwise they
<br /> �� � shall remain in full force and may bc foreclosed at the op[iun of ihe said pSSOC1ATION xfter failure for three m4nths�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 agreemenxs 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 re�estate mortgaged herein,by sale or otherwise, then the entire remaining indebtedness hereby
<br /> secured shall,at the option of The Equitabie Building and Loan Association of Grand Is1and,Nebraska,bewme immediately due and payable without
<br /> further notice,and ihe amount remaining due under said bond,and any othe�bond for xny 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 satlsfy the amount due on said
<br /> " bond,and any other bond for additional advanc:es,together with all sums paid by said The Equitable Building and Loan Association of Crand Island,
<br /> ' Nebraska Cor insurance,taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment at ihe maximum
<br /> legai rats.
<br /> � � As p�ovided 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,wtuch sums shall be within the security of ttus moRgage the same as the funds originally �. �
<br /> secured thereby,the total amount of principa!dabt not to ezceed at any time the original amount of this moRgage.
<br /> ' Datea tn;s ' 26th aey or August A.n.,i� 77
<br /> r' !'flyZ�------------
<br /> �C o_ :_Sta-er�
<br /> J an M. Stamer —
<br /> TATE OF NEBRASKA,�� On this 26th day of AU9USt 19 7 7 ,before me, �
<br /> , COtJNTY OF NALL .
<br /> the undersigned,a Notary Public in and for said County,personally crune �*
<br /> Leo C. Stamer and Joan M.�;S���Lr ' his and her own right andhos s�poese�o«���Yrkno�ho r �� � ��`
<br /> � ' �� L G,�,��, ��� ..
<br /> me to be the identicai personS whose n �e�``,Ja'4� j �.s�ft�e o the above insirument as mortgagor S and 'tllE?y severally ��3,
<br /> � a�iuwie3y,ed Qie said".nstruixunt to be ��' troluntacy:acf,aat. ed. ,,,,�
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<br /> W77IQE5n"my iwi.d ui�d N�t n.�elSe�j,ta�6�5�&��a.�ea�u�. ' . /� � .
<br /> MyCommission�expires��� 7,:`''J��� �=•�. .���L�.�1� ��-^CI�V'I�� . . � ..
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<br /> �C n �" 7 � ' ��zf No[ary Public
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