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74- 000007z MORTGAGE 3. .
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<br /> - 1_Entered on num,-,:i-s.-1? :-r„Y rr ^'^i ,n `-c,c.rt_ _- 70
<br /> at / %r• ..._ A.f „s ? _,i_ - TQC..0_
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<br /> MORTGAGE LOAN NO.L 21 ,924 -
<br />-..o tcNoWALL MEN BYTHESE PRESENTS:That Frederick Schwieger and Ruth A. W. Schwieger, each in
<br /> d
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<br /> F his and her own right and as spouse of each other, Mortgagor,whether one or more,in consideration of the sum of t.
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<br /> Fourteen Thousand and No/100 DOLLARS
<br /> loaned to said mortgagor by The Equitable Budding and Loan Association of Grand Island,Nebraska,Mortgagee,upon 140 shares of stock of
<br /> said ASSOCIATION,Certificate No. L 21 ,924 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County,Nebraska:
<br /> V' LOT TWO (2) FRACTIONAL BLOCK ONE HUNDRED
<br /> FOUR (104) IN RAILROAD ADDITION TO THE CITY OF
<br /> , - GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> L.F
<br /> t together with all rhe tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> window'shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br /> - And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br /> i assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent;to furnish approved
<br /> insurance upon the buildings on said premises situated in the sum of S 14,000.00 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 the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall,
<br /> a on demand,be entitled 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 indebtedness shall remain.
<br /> unpaid:and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br /> the 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 coUetiing 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 during the existence of such
<br /> default,irrespective of any temporary 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 to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or before
<br /> 1' 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,before delinquency:furnish approved insurance upon rite buildings thereon in the sum of S 14,000.00 payable
<br /> to said ASSOCIATION;repay to lain. ASSOCIATION upon demand all money by ht paid for such taxes,assessments and insurance with interest at -
<br /> the maximum 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 the agreements and conditions of the Bond for S 14,000.00 this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> with all the requirements of the Constitution and By-Laws of said ASSOCIATION: then these presents shall become null and vo_u otherwise they
<br /> shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br /> _ paymentsor be three months in arrears in making said monthly payments.or to keep and comply with the agreements and conditions of said Bond; -
<br /> and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure 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 without „
<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 interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said
<br /> bond,and any other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grand Island. •
<br /> Nebraska for insurance.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 hereafter advance additional sums to the
<br /> makers of said Bond,their assigns or successors in interest,which sums shall be within the security of this mortgage the same as the funds originally
<br /> secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage. '
<br /> -/-0-1.--fed".Dated..this . 30th day of December ;+,.D.,19 75
<br /> Frederick Schwieger Ruth A. W. Schwieger "
<br /> STATE OF NEBRASKA.t ss: On this 30th day of December 1975 ,before me,
<br /> COUNTY OF HALL
<br /> ' the demi d a No Public in and fot said Count personallycame alfa
<br /> F erick Schwieger and Ruth A. W. Schwieger, each irn is ann her own rit anc' spuse 4,
<br /> O thee, who are personally known to
<br /> `rndfao beTlie taegtiell personS whose name S are affixed to the above instrument as mortgagor S and they severally
<br /> + �` acltnowledgedthe sai�ninstrument to be their voluntary act and deed.
<br /> 1. `, WIT1'4ESS my hand and Notarial Seal the date aforesaid. '`.\ p r
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<br /> My Comm—•.issiun expires �-- ~�''i t' j 1 l`t i�n ` 1 _ {? t
<br /> c 3.73-2M: __ .
<br /> Notary Public
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