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<br /> MQRTGAGG
<br /> MORTGAGE LOAN NO.L 228OZ
<br /> KNOWALLMGNBYTHESEPRESENTS:That Norma L. Stroud, d single person, and Robert L. Stroud,
<br /> � a single person, and each in her or his own right
<br /> Mortgagor,wliether one or more,in consideration of the sum of `
<br /> Fifteen Thousand and No/100------------------------ ---------------- �LLA�s
<br /> loaned to said mortgagor by The Equitable Buildinc xnd Loan Association of G�and Island,Nebraska,Mortgagee,upon ].5� shares oF stock of
<br /> � said ASSOCIATION, Certificate No.L ZZ8�2 ,do hereby grant, convey and murtgage unto the said ASSOCIATION the following
<br /> ne� r.� __i a�r,te,�;r�_eP�t �� Hall('ptmty,Nebraska:
<br /> LOT FIVE (5), BLOCK TWENTY-FOUR (24) IN
<br /> BAKER'S ADDITION TO THE CITY OF GRAND
<br /> ISLAND, HALL COUNTY, NEBRASKA.
<br /> together witli all the tenements,hereditaments and appuctenances thereunto belonging,including attached floor coverings,all�window screens,
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and watzr equipment and aceessories thereto,pumps,stoves,
<br /> refrigeratozs,and o[her fixtures and equipment now or hereafter attached to or used in connec[ion with said rea!estate. . �
<br /> �. And whereas the said mortgagor has agreed and doeshereby agree that Ihe irwrtgagor shall and will pay all taxes and assessments levied or �
<br /> . assesse�! upon said premises and upon this mortgage and the bund secured thereby before the same shall become delinquen[;to fumish approved
<br /> insuranct upon the buildings on said premises situated in the sum of$ j 5,QQQ.QQ payable to said ASSOCIATION and to deliver to said
<br /> ASSOCIATION the policies for said insurence;and not to cummit or permit any waste on or about ssid premises;
<br /> Y
<br /> . � In case oC de(ault in the pedormance of any of the terms and conditions of this mwtgage or the bond secured hezeby,the mor[gagee shall,
<br /> on demend,be enti[led to immedia[e posszssion of�he mortgxged premises and the murtgagor hereby assigns, vansfers and sets over to the
<br /> � mortgagee all the rents,revences and income Yo be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br /> : unpaid;and the murtgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premisas and renting �
<br /> � � the same and collecting ihe rents,revenues and income,and it may pay ou[ oC said income all expenses of repairing said premises and nacessary �
<br /> � � commissions and expenses incurred in renting xnd managing the same and of collecting rentals thereFroin; the balance remaining,iF any,to be
<br /> � applied toward the discharge of said mortgage indebtedness;these rights of[he mortgagee may be exercised at any time during the existence of such
<br /> delault,irrespective of any temporary waiver oC the same. �
<br /> C These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shares by � �
<br /> payment;�pay monthly to seid ASSOCIATION uf the sum specified in the Bond secured hereby as interest and principal on said loan,on or before �
<br /> ; .the Twentieth day o(each and every month,until said loan is Culty paid;pay all taxes and assessments levied against said premises and on this Mortgage
<br /> �and the Bond secured thereby,before delinquency;fumish approved insurance upon the buildings ihereon in the sum of S 15����.�0 payable
<br /> to said ASSOCIATfON;repvy to said ASSOCIATION upun demand all money by i[paid for such taxos,assessments and insurance with interest at �
<br /> �f ihe maximum legal rate thereon from date of pxyment ell of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply
<br /> wiih xll the agreements and conditions of the Bond f'or$ 15,Q��.��this day given by the said Murtgagur to said ASSOCIATION,and comply
<br /> with al)the requirements of the Constitution and By-Laws of said ASSOCIATION;then these presents shall become null and void,otherwise they
<br /> � sl�all remain in full force end may be foreclosed at the option oF the said ASSOCIATION after failure for three months to make any of said
<br /> � payments or be three months in arrears in makin�said monthly payments,or to keep and comply with the agreements and cunditions of said Bond; � ��
<br /> and Mortgagor agrees to have a receiver appointed 1'orthwith in such(oreclosure proceedings. �
<br /> � IT there is any change in ownership of tha rexl estate mortgaged herein, by sale or otherwise,then the entire remaining indebtedness hereby � �
<br /> � secured shall,at the option of The Equitable Building and Loan Association ot Grand isiand,�ieoraska,oecome unmediateiy due and payaole wiihoui �� �
<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 interesi at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on aid � �
<br /> bond,and any other bun3 for addilional advances,together with all sums pxid by said The Equitable Building and Luan Association of Grand Island,� . . �
<br /> � Nebraskx for insurance,taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment at the max'vnum
<br /> legal rate.
<br /> As�provided in the Hond secured hereby,while this mor[gage remains in effect the mortgagee may hereafter advance addi[ional sums to the .�. � �
<br /> � makers of said Bond,their assigns or successors in interest,which sums shall be wi[hin the security of this mortgage the same as the funds originally � � �� �
<br /> secured�thereby,the total amount of principal debt nut to exceed aL any time the original amount of this mortgage. � �� � � �
<br /> oa�ea t>>�s 2nd day of September A.D.,i9 77
<br /> �.;�rrit.w.. /J( . �!J./�'Z�--�z�
<br /> N�rma L{ Stroud �
<br /> S^' �(��, c�` ��'t:
<br /> Robert L. Stroud
<br /> STATE-0F NEBRASKA, ss. On this 2n d• day ot' Se ptembe r 19 77 ,before me, ,
<br /> COUNTY OF HALL� " �
<br /> � � the undersigned,a Notary Public in and for said County,personatly came .. �,�r� Y, x��,� �
<br /> iV _'e
<br /> lVorma L Stroud, a single person, and Robert L. Stroud, a singie person, and each n her 4 �r
<br /> � who personal�y known to e
<br /> or his n right are ; �
<br /> me t ��e rso�6 whose name S dY'e affixed to tho above insuument as mortgagofi and they severally ,�3r '
<br /> jpi�YPtit�, i ument to be the 7 r voluntary act and deed.
<br /> ri
<br /> my hand and Notxrial Seat the date aforesaid.
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<br /> ' �;:Tf�S?YA1}� sion oxpires�� � , �J� l;\ f` ',"t,
<br /> �""• CDMi�7tSSA+9N1�.. 1 """( � � .
<br /> EXFiRES `� i � Notazy Public
<br /> : . a-sM Ri4,ljy 91,'1'9�0� 'i�' , �' � .
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<br /> � �"Of NEO� �
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