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<br /> MORTGAGE :
<br /> MORTGACE LOAN NO. L 2283H
<br /> '' r ` KNOW ALLMEN BY THESE PRESENTS:That MdUY'1 C2 A. Rutten and Donnetta M. Rutten, 0dCY1 7 n
<br /> his and her own right and as spouse of each other,
<br /> Mortgagor,whether one or more,in consideration of the sum of,
<br /> ' ` Twentv Five Thousand and NoJ100-------------------------------------------------noLLnRs �
<br /> lo5ned to said mortgagor by The Equitabie Buitding and Loan Association of Grand Island,Nebraska,Mortgagee,upon 2�� shares of stock of
<br /> ' said ASSOCIAT[ON,Certificate No:L 22838 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> % ' described ieal'estate,situated in Hall County,Nebraska:
<br /> + LOT THREE (3) IN BLOCK TWELVE (12) IN
<br /> ;
<br /> PACKER AND BA�iR'S ADDITION TO THE CITY
<br /> i '
<br /> OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> ;
<br /> �
<br /> � +
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<br /> � together with all Ihe tenementr,�hereditaments and appurtenances Ihereunt.o belunp,ing,including attached tluor coverings,all window screens,
<br /> ��.window��shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and wxter equipment and acceswries thereto,pumps,stoves, �
<br /> :�����refrigerators,and oiher fixtures and equipment now or hereaFter attached to ur used in connectim�with said zeal estate. � � . �
<br /> And whereas the said mortgagor has agreed and does hereby agree that ihe mortgagor shall and will pay ali taxes and assessments levied or
<br /> t assessed upon said premises and upon this mortgage and the bond secured thereby befure the same shall become delinquent;to furnish approved
<br /> ; , � .insurance upon the buildings on said premises situated in the sum of S25�OOO.00 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 about said premises;
<br /> � � In case of default in 1he.performance of any of the terms and conditions of ttus mor[gage or the bond�secured hereby,.the mortgagee.shall,
<br /> on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> � �..�mortgagee alt the�rents;revenues and incume to be derived from the mortgaged premises during such time as the mc�rtgage indebtedness shall remain .
<br /> . unpxid;and t}ie morcgngee shalt have the power to appoint any agent or agents i[may desire for�the purpose oF repairing said prerruses and renting �
<br /> f the same and collecxing 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 xnd of collecting rentals therefrom;the balance Lemaining,if any,to be
<br /> Y `applied toward the discharge of said mortgage indebcedness;these rights of the mortgagee may b=exercised at any time during the existence of such
<br /> , default,irrespective of any temporary�vaiver of the same. '
<br /> � �� These Presents,however,are upon the Condiiion,That iC the said Mortgagor shall repay said loan on or before the maturity of said shares by�.
<br /> payment;pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principat on said loan,on or before
<br /> tfie Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments Fevied against uid premises and on this Mortgage
<br /> and'ihe Bond secured thereby,heFore delinquency;furnish approved insurance upon the buildings thereon in the sum of 5 �j�OOO OQ payable
<br /> . to.said ASSOCIATI4N;rapay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments xn�insurance w�th intetest at
<br /> ��the mazimum legal rate thereon from date.of payment all of.which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply .
<br /> � � with all[he agreements and conditions of the Bond for$25 OOO.00 this day given 6y.the said Mortgagor to uid ASSOCIATION,and comply � .
<br /> ? with all the requiiements of the Constitution and ByIaws ot�said pSSOC1ATION;then these presents shall become null and void,othecwise they
<br /> � ",; � :shalt�remain�in fuil�force and may be�foreclosed at[he�option of the said ASSOCIATION after failute for three months to make�any ot�said� �
<br /> � � .payrreenis or be'three mUnths in arrears inmaking sxid monthly payments,or to keep and comply with the agreements and conditions of said Bond; �
<br /> � �and Mortgagor agrees to.have a receiver appointedforthwith in such foredosure 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,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable withc�ut
<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 /> da[e of exercise of sxid option,bear interest at Uie 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,together with a0 sums paid by said The Equitable BuIIding and Loan Association of Crand Island,
<br /> Nebraska for insurancc,taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br /> legal rate.
<br /> As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may kureaiter xdvance additional sums to the
<br /> makers of'said Bond,their assigns<sr successors in interesc,which sums shall be within the security of tiiis mortgage the sanx as the funds originally
<br /> ? secured thereby,the total amount of principal debt n to ex� at any time the original amount of this mortgage,
<br /> i
<br /> Dated this � da of � � A.D.,19 r✓J% ,.---"-`
<br /> : �r� , y�-�-,� � ; �
<br /> � -� i ,�� l/.,`Lr/'/r � -� L,C �r=''�
<br /> Maurice A. Rutten Donnetta M. Rutten' '
<br /> £ `
<br /> i STATE OF NESRA3KA,
<br /> 7tf1. day of �CtObeP 19 �7 ,before me, ,,e� = `�'
<br /> � _"�COUNTY OF HALL�ss. � � On this� �g ,��
<br /> � � - �� � the undersigned,a Notary PubHc in and for said County,personally came � ��
<br /> Maurice A. Rutten and Qonnett . Rutten, each in Mis and her ownW�oght and a�sr��y�noW°a ��,�G
<br /> � e'ach other, � Mc� are —
<br /> � me to be the identicai person 5 w' ,�m�,5..,� L�t� affixed to the above instrument as moRgagor S and th2y sevecally �,�
<br /> acknowledged�thesaidinstrumentxo `v�;`��1�adqw.n r ctanddce�*. � �
<br />� WITNESS my han No3ary�epbthe d8te xf said.
<br /> G A t�IS`=iON S y�'7 C+.�� / �
<br />� . My Cqmmission e ¢es.��(i�'.� ` . � � /��.� �/���.1�l� .
<br /> : t�S t, �/ . ����
<br /> A ��ob ' �b' Notary Public
<br /> �-i-zas nt Jr � ,o,�����9a-
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