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<br /> 77- {�C)�2�1
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L 22 s$OH
<br /> ' KIQOW ALL ML'N BY THESE PRESENTS:That �ames C. Arends dtld Frances A. Arends, each 7 fl hl S dtld
<br /> � her own right and as spouse of each' other
<br /> ! . ___Mortgagor,whether one or more,in consideration of the sum of � .
<br /> Twenty-Five Thousand dlld NO�ZOO----------------- DOLLARS
<br /> � loaned to said mortgagor by The Equi[able Building and Loan Associa[ion of Grand Island,Nebraska,Mortgagee,upon 25� shares of stock of ���
<br /> said ASSOCIATION, Certiflcute No.L 22�$�8 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County,Nebraska: � � � � ��
<br /> LOT TEN (10), BLOCK EIGHTEEN (18) IN
<br /> SCHIMMER'S ADDITION TO THE CITY OF
<br /> GRRNO ISLANO, HRLt COUNTY, NEBRASKR.
<br /> together witt� all the tenements, hereditamen[s xnd appurtenances tl�ereunto belonging,including attached floor coverings,all window screens, �� � � � �
<br /> window shades,blinds,storm windows,awnings,heating,air conditiuni.ng,and plumbing and water equipment and accessories there[o,pumps,stoves, �
<br /> refrigera[ors,and other fixtures and equipment now w hereafter attachzd to or used in coimection with said rzal estate. � : .
<br /> And whereas the said mortgagor h�s xgreed and does hereUy agree that the mortgagor sltall and will pay all taxes and assessments levied or �
<br /> � assessed upon said premises and upon this mortgage and the bond secured thereby before the sxme shall become delinquent;to furnish approved �
<br /> insurance upon die buildings on said premises si[uated in the sum of 3 25>�Q�.�� payable to said ASSOCI.4T10N and to deliver to said � � .
<br /> � � ASSOCIATION the policies for said insurance;and not tu commit or permit any waste on or about said premises; - � �� � � � �
<br /> ' In case oF dafault in the performance of any oF tlie tenns and conditions of tliis mortgage or the bond secured hereby,the mortgagee shall, .
<br /> on demand,be entiUed tu immedia[e possession of the mortgaged premises and the mortgagor hereby assigns, vansfers and sets over to the � " �
<br /> �� mortgagee all the rents,revenues and income to be derived from the mongaged premises during such time as the mortgage indebtedness shall remain � ..
<br /> j. � unpaid;and the mortgagee shall hxve the power to appoint any agent or egents it may desire for the purpose of repairing said premises and renting �� � � � ��
<br /> 2he 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 /> � commissions and expenses incurrzd in renting and managing t}�e same and of collecting rentals therefrom; the balance retnaining,if any,to be � �� . �
<br /> applied toward die discharge of said murtgage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such . � . . � . . ..
<br /> default,irrespeciive af any temporary waivzr of the same. � � . .
<br /> These Presents,however,are upon the Condition,That if'the said Mortgagor shall cepay said loan on or before the maturity of said shares by . � . �.
<br /> payment;pay monthly to s�id ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,un or bef'ore ��� � . � �
<br /> the Twentieth day of cach and every monUi,unti!said loan is Cully paid;pay all taxes and assessments levied against said premises and on this�lortgage � . � �. .. �
<br /> and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of S 25,QQQ.QQ payable �. �
<br /> w said ASSOCIATION;repay to said ASSOCIAT[ON upon demand all money by it paid for such taxes,assessments and insurance with interest at . .
<br /> the maximum iegal rate thereon.Gom date of payment all of which Mortgagvr hereby agrees to pay;permit no waste on said premises;keep and comply - . � � �
<br /> with all the agreements and conditions of the Bond for y P5����.�� this day given by the said�fortgagor to said ASSOGATION,and comply �� , � .� . � .
<br /> � with all the requirements of the Constitution and By-Laws of said ASSOCIATION; then these przsents shall become nul]and void,otherwise they � . �
<br /> shall rem�in in full (orce and may be foreclosed at the option of the said ASSOGATION af2er failure fbr three months to make any of said � �
<br /> payments or be three months in arrexrs in meking said monUily payments,or to keep and camply with the agreements and wnditions ot said Bond; � . . ��
<br /> and Mortgagor�grees to have a receiver appointed forthwith in such fbreclosure proceedines. � � �
<br /> � If there is any chaz�ge in ownership of the real estate mortgaged herein,by sale or otherwise,then [he entire remaining indeb[edness hereby � � .
<br /> secured shall,at the option of The Gquitable Building and Loan Association of Grand Island,Nebraska,become immedia[ely due and payable withoui � � . . � �
<br /> - further notice,and the smount remaining due under said bond,and any other bond for any additionai advances made tltereundec,sliall,frum the � . �
<br /> " date of exercise of said option,bear interest at the maximum legal rate,and this mortgage mny then be foreclosed to satisfy the amount d�e on said . . �� .
<br /> �� bond,and any vther bond Cor additional advances,together with all sums paid by said The Equitable Buiiding and Loan Association of Grand Island, . �
<br /> � Nebraska for insurance,taxes and assessments,and abs[rac[ing extension charges, with interest thereon, from date of payment at the mawmum � . �� �
<br /> �. legalrate. � � ,
<br /> � As provided in Ihe Bond secured hereby,while this murtgage remains in effect the mortgagee may he�eafter advance additional sums to the � � �
<br /> � makers of said Bond,their assigns or successors in interest,wl�ich sums shall be within the security of[his mortgage[he same as the funds originxlly . �
<br /> sewred[hereby,the total amount of principal debt not to exceed at any time the original amotm[of tMs mortga�e. �
<br /> Da�ea cn;s 12th day of September n.o..i977
<br /> C+��e.Q..' C.. C��.,..5��
<br /> mes C. Arends � ,.--, �
<br /> . _il",��ir,��-z�r.r- .�:��:. �t.r :»�r�c�^=-'��' �
<br /> Frances A. Arends
<br /> STATE OF NEBRASKA,� ss. On this IZth day of September 19�� ,before me, `
<br /> COUNTY OF HALL
<br /> � � the undersigned,u Notary Yublic in and for said County,personallycame , �"'"`'� ��-'�
<br /> James C. Arends and Frances A. Arends, each in his and her own r,ight and as spouse of each ` � `� a�
<br /> Otf'IC'P . ; WhO dre Personally known to
<br /> L�� me to be the identical person S whose name s are affixed to the above instrument as mortgagor S and th,e,Y severally ���
<br /> � � acknowiedged the said instrument to be thei r volu�tary act and deed. �
<br /> .� . WITNESS my hand and Notarial Seal.the date aforesaid. . , ��"�� �
<br />� My Commission expires j � ,� .���,� �� „ �,'
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