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<br /> 77- r��)52�:6
<br /> MORTGAGE
<br /> MORTCAGE LOAN NO. L ZZ�HO9
<br /> KNOW ALL MEN BY THESti PRESGNTS:That Wal ter N. $tU�� and Nadene J. Stul l , @dCh l il hl S dC1d
<br /> � her own right and as spouse of each other,
<br /> � � Mor[gagor,whe[Iter one or more,in consideration of the sum of
<br /> Fifty Eight Thousand Eight Hundred and No/100----------------------------------- nor.tnxs
<br /> laaned to said mortgagor hy The Equitable Building and Loan Associ�tion of Crand Island,NebrasF:a,Mortgagee,upon 588 shares of stock of
<br /> � said ASSOCIATION,Certificate No. L 22.809 ,do hereby grant, convey and mortgage unto the said AS50CIAT10N the following
<br /> �described real esiate,si[uated in Hall County,Nebraska:
<br /> ' ALL OF LOTS NINE (9) AND TEN (10)
<br /> BEING IN BLOCK FOUR (4) , BOGGS AND
<br /> HILL'S ADDITION TO ThIE CITY OF
<br /> GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> ,
<br /> � �� together with all the tenements, hrredi[aments and appurtenances thereuntu Uelonging,including attached floor coverings, xll window screens, .
<br /> ; window shades,blinds,starm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories tliereta,pumps,stoves,
<br /> � � refrigerators,and other Gxtures and eyuipment now or hereafter attached to or used in ctinnection with said real estate. ..
<br /> � � � And whereas the said mortgagor has agreed and does hereby agree that the mor[gagor shall and will pay all taxes and assessments levied or
<br /> � �assessed upon said premises and upon Uiis mortgage and the bond secured thereby bcfore the same shall become delinquent;to furnish approved
<br /> �nsurance upon ihe buildings on said premises si[uated in the sum of 5 5$�$�Q.QQ payable to said ASSOCIATION and to deliver to said
<br /> .ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or xbout said premiser, � � � �
<br /> In case of default in the performance af any of the terms and condi[ions of this mortgage or the bond secured hereby,[he mortgagee shall, �. -
<br /> � on demand,be entiQed to immediate possession oF the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the �
<br /> mortgagee all the rents,revenues and income to be derived from thc mortgaged premises during such time as rhe mortgage indebtedness shall remain � -� �
<br /> unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose oC repairing said premises and renting
<br /> the same and collecting the rents,revenues and income,and it m�y pay out of said income all expenses of repairing said premises and necessary . �
<br /> wmmissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining,iF any,to be �
<br /> applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time ducing the existence of such
<br /> default,irrespective oC any temporary waiver of the same. �
<br /> These Presents,huwever,are upon the Condition,That if the said Mortgagor shal]repay said lonn on or before the maturity of said shares by � �
<br /> payment;pay monthiy to said qSSOC1ATION of the sum specitled in the Bond secured hereby as interest and principal on said loan,on or before .
<br /> the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage � �
<br /> and the Bond secured thereby,betore delinquency;(urnish approved insurance upon the buildings thereon in die sum of 5 58�$Q�.�� payabte �
<br /> to said ASSOC►ATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance w�th interest at � . �
<br /> the maximum legal rate thereon from dxte of payment ail of which Mortgagor hereby sgrees to pay;permit no wasce on said premises;keep and comply ,� �
<br /> with all the agreements and conditions of the Bond fur 5'rJH�$�0.�� this day given by the said Mortgagor to said ASSOC1AT10N,and comply � � �
<br /> with all the requirements of the Constitution and ByLaws of said ASSOC[ATION;then these presen[s shall become null and void,otherwise[hey � . . . �
<br /> shall remain in full force and may be(oreclosed at the option of the said ASSOCIATION af'ter failure for three months to make any of said � . .� _ .
<br /> payments or be three months in arrears in making said montlily paymenls,or to keep and comply wi[h the agreements and conditions of said Bond; � � �
<br /> and Mortgagor agrees to have a receiver appointed furthwith in such foreclpsure proceedings. � �� � ��
<br /> If there is any change in ownership of the real estata mortgaged herein,by sale or o[herwise,then the entire remaining indebtedness hereby �: �
<br /> secured shall,at the option of The Equitable I3uilding xnd Loan Ass�ciation of Grand Island,Nebrasl:a,become immediately due and payable without � � � .� � : �
<br /> further notice, and [he amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the � � . � � � � : �
<br /> date of exercise of said optlon,bear interes[at[he maximum legal rate,and this mortgage mxy then be foreclosed to satisfy the amount due on said . � : � � � ..
<br /> bond,and any other bond for additional advances,tugether with all sums paid by said The Equitable Huilding and Loan Association of Grand Island, � �
<br /> Nebraska for insurance,taxes and assessinents,and abstrac[ing extension charges, with interest thereon, from date of payment at Uie maximum : � � �. . .
<br /> legal rate. � � . � � .. �
<br /> ' As provided in the Bond sacured hereby,while this mortgage remains in effect [he mortgagee may hereaf!er advance additional sums to the � � . � �
<br /> . makers of said$ond,their assigns or successors in interest,which sums shall be within[he security of this mortgage the same as the funds originally � .. � ��
<br /> . secured ihereby,the[otal amount of principal debt not[o exceed a[any time the original amount of this rnortgage. � � � � ��
<br /> Dac ��;s 12 rh ,.�'oe September �n.,i9��
<br /> _. ter . �u7' � _ � ✓�'.ra;',�->.r.��� ����
<br /> �a�d`e . u
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<br /> STATE OF NEBRASKA, Ss. qn this da of 19 �7 ,before me,
<br /> couta�t�r oF Har.r.� 12th Y September ,,,�� . ,,�h,..,
<br /> � �� �� the undersigned,a Notary Public in and for said County,personally exme �� �,+ „
<br /> Watter H. Stull and Nadene J. Stull, each in his and her o�vn right and as spouse of f �'
<br /> L 0 dCf1 0tf'IQY'. who dP2 personaliy known to ,
<br /> meX.1�3�' � erson g whose name g affixed to the above instrument as mortgagor g and they ��erally , r�`'�"
<br /> �wlpd�yd�1�'� trument to be the i r voluntary act and deed. ��'
<br /> .;�� �:, �. 9�TN V�m� y hand and Notaziai Seal the date aforesaid. ,.� `
<br />� � � , N�TAR��My�omdllssion expices CU� 1�l�� �� �.i r� � �"�� ��4--�� � , .
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<br /> � €XPtR�S ; Notary Public
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