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<br /> MORTGACE
<br /> MORTCAGE LOAN PIO. � ZZH�9
<br /> KNOWALLMENBYTHESEPRESENTS:That p7X12 A. Best, a single person and Margaret K. �
<br /> Schwaderer, a single person
<br /> ____Mor[gagor-whether one or mure_in consideration of[he sum of �
<br /> Twenty Thousand and NO/ZOO--------------------- ------'---p�LLARS
<br /> � �loaned 2o said mortgagor by The Equitable Building and.Loan Associa[ion of Grand Island,Nebraska,Mortgagee,upon 2�� shares of stock of �
<br /> � ��said ASSOCIATION, Certificate No.L 22819 ,ao here6y grant, convey and mortgage unto the said ASSOCIATION�the following
<br /> described real estate,situated in Hall County,Nebraska;
<br /> LOT THREE (3) IN HUSMAN'S SUBDIVISION
<br /> AN ADDITION TO THE CITY OF GRAND ISLAND,
<br /> HALL COUNTY, NEBRASKA.
<br /> � together with all the tenemen[s,heredrtaments and appurtenances thereunto belonging, including altached floor coverings,all window screens, _�
<br /> � . window shades;6lindx,s;or.,,yven�„w���.y�;;�e� ;;�o�;;s u:,r ccrd;iionirg,und piumbing and water eyuipmen[and accessories thereto,pumps,stoves, �,y�
<br />� � refrigerators,and other fixtures and equipment r.�w or hercafter attached to or used in connection with asid real esta:�. ��
<br /> � And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments tevied or �
<br /> assessed upon said premises and upon this mor[gage and[he bond secured thereby before the same shell become delinquent;to furnisl�approved
<br /> . � insurance upon the buildings on said premises situated in the sum of 5 Z�,�0�.�n payable to said ASSOCIATION and to deliver to said �
<br /> -- �ASS6C[ATiON the policies for said insurance;and not to commit or permit any waste on or about said premises; � ��
<br /> . �. � in case of default in the performance olany of the terms and conditions of this mortgage or the bond :;ecured hereby,[he mortgagee shail, � �
<br /> . on demand,be entiUed 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 the mortgaged premises during such time as the mortgage indeb[edness shall remain
<br /> . . unpaid;and the mortgagee shall have the power to appoint any agent or agents it mny desire for the purpose of repairing said premises and renting
<br /> .. [he 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 incurred in renting and managing the same and of collecting rentals therefrom; the 6alance remaining,if any, [o be � � �
<br /> applied toward the discharge of said mortgage indebtedness;these rights ot'the mortgagee may be exercised at any time during the e�cistence of such
<br /> � default,irrespective of any temporar,y waiver of the same. �..�
<br /> � � � .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 [o said ASSOCIATIOA'of the swn speeifed in the Sond secured hereby as interest and principal on said loan,on or before
<br /> . . .. the Twentieth day of each a�d every month,until said luan is fuily paid;pay all taxes and assessments levied agair:st said premises and on this Mortgage � .
<br /> and the Bond secured thereby,befure delinquency;furnish approved insurance upon die 6uildings thereon in the sum of$ 20�Q��.�� payable
<br /> .to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> the maximum legal rate thereon from da[e ot payment atl of which Mortgagor hereby agrees to pay;pennit no waste on said premises;keep and comply �
<br /> with all the agreements and conditions oF the Bond for$ZO�Q��.�0 [his day given by the said Moagagor to said ASSOCIATION,and comply � -
<br /> {� wi[h alI the requirements of[he Constitution and By-Laws of said ASSOCIAT[ON; then these presents shall become null and void,utherwise the,y � ��
<br /> � .. shall.remain in:full fwce and may be foreclosed at the option of the said ASSOCIATION after failure for [hree mun2hs to make any ot said
<br /> payments or be three inonths in errears in making s.id monthly payments,or to keep and comply wi[h the agreements and conditions of said Bond; � � �
<br /> and Mortgxgor agrees to have a receiver appuinted forthwith in such forec]osure 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 shall,a[the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become isnmediately due and payable wsthout � � �
<br /> �furU2er notice,and the ainount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,frum the �
<br /> :date of ezercise of said option,bear interest nt the maximum legxl rate,and this mortgage may then be foreclosed to satisfy the amount due on said � � � �
<br /> + ' bond,and any other bond for additionai advances,together with aA sums paid by saiS The L'quitable Building and Loan Association of Grand Island,
<br /> Nebraska for insurance,taxes and assessments,and abstractine extension cbarges, w�+h ?..__._�, the:eon, ;rom date uf paymen[ at the maacimum
<br /> � . .icgel iaic. � . , . . .
<br /> . As provided in the Bond secured hereby,while[his mortgage remains in effect the mortgagee may hereafter xdvance addi[ional sums to the �� �
<br /> makers of said Bond,their assigns or successors in interest,which sums shall be witiv.n the security of this mortgage the same as the funds originally ��
<br /> . � secured t:;xeby,the total amount of principal debt not to exceed at any time the original amount of t}us mortgage. � � . .� � � �
<br /> Da ed this 2� day of September A.D.,19J]
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<br /> �Jarc�ret K�. Sc':waderer
<br /> STATE OF NEBRASKA,t +
<br /> COUNTY OF HALL� S5� On t}tis 2�5$. day of Septembe r 19 J] ,before me, �4� . ;, �.,
<br /> ��� � � � � � the undeisigned,a Notary Public in and for said Count � ` "``� � .h
<br /> p� � est, a single person and Margaret K. Schwaderer. a sin le person Y��rsona](ycame
<br /> H•.�ek�'� � � : . � 9 wh8 ara personally known to � � rx�
<br /> ����UQ�dC��ca rson 5 ' whose name 5 d P2 affixed to the above instrument as mortgagorS and they severa l l y � �;�,��
<br /> �t t�C 3 tow le dge d t 1 fe"yai d' trutnent to be t h C'7 Y' voluntury act and deed,
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<br /> y�: NOTARY S m hand and NotarialSeal the date aforesaid. /�
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