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<br /> i fix„,t* ,,, MORTGAGE
<br /> tx f MORTGAGE LOAN NO. L 21931'
<br /> 1 tf:iA ', Iwaw"ALL MENBYTHESE PREsENTS:That Bernard J. Pulte and Helga A. Pulte, each in his and her
<br /> ry ,
<br />'u' .o : own right and as spouse of each other, Mortgagor;whether one or more,in consideration of the sum of
<br /> „t'` w, Eight,:Thousand'and No/100--- DOLLARS
<br /> • t.pr,'k`.Al' loaned to sald mortgagor by'11:a.Equitable Building and Loan.Association of Grand Island,Nebraska,Mortgagee,upon 80 shares of stock of -
<br /> adz te No.L21931;
<br /> %{ i]i� n described real estate,situatedttein Hail County,Nebraska:..,do hereby grant;convey and mortgage.unto the saic°';-.SsociA'1'ION the-following
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<br /> }rz tom
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<br />•lY :
<br /> t e .'” LOT SEVEN (7) IN BLOCK TEN (10) IN JOEHNCK'S
<br /> ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA.
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<br /> v t together with all'the tenements,hereditaments and appurtenances thereunto belonging,A2 ° window shades,blinds,storm windows,awn g, Pg a including attachedpand floor coverings,all thereto,
<br /> ,stoves,
<br /> s awnings,heating,air conditioning,and plumbing and water equipment accessories thertto,pumps,stoves,
<br />}`_iki ,: refrigerators,andother fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br /> to 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 /> assessed upon said premises and upon this mortgage and the bond secured thereby beforeathe same shall become delinquent;to furnish approved
<br /> t n insurance upon the buildings on said premises situated in the sum of S 8,000.00 payable to. said ASSOCIATION and to deliver to said
<br /> w.. i • ASSOCIATION.the policies for said insurance;and not to commit or permt 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 /> I. on demand,be entitledto 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 /> f 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 />, �+Z� t ..; 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 /> F , t: commissions andexpenses incurred In renting and managing the same and of collecting rentals therefrom;the balance remaining,if any,to be
<br />• ai ac/ t applied toward the discharBeof 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 /> rr 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 /> 4a d.; 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 the buildings thereon in the sum of S 8,000.00 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 date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises-keep and comply
<br /> 4":'.d:'?--'-::g•,..!,` ' with all the agreements and conditions of the Bond for S 8,000.00 this day given by the said Mortgagor to raid ASSOCIATION,and comply
<br /> with all the requirements of the Constitution and By-Laws of said ASSOCIATION;then these presents shall become null and void,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 /> K payments or 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 /> iia $' 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 /> 3 As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br /> tz sRx y, 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 /> ,.• sectred thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> RF Da this 7th,
<br /> rtepof January A.D.,19 76
<br /> J
<br /> ' :ernard J. Pulte•
<br /> w NeigA. Pulte
<br /> Wti . .
<br /> sit STATE OF NEBRASKA,
<br /> x z CO[JNIYOFH ALL#" Ont 7th day of January 19 76 ,before me,
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<br /> r f 1-•••' '' the undersigned a Notary Public in and for said County,personally came i
<br /> Bernard :J: Pulte`and Helga; A. Pulte, each in his and her own right and as spouse of �` "
<br /> J'''''''';;;;".:'2-5',4''',-'',. each other, who are personally known to i,./.a.,..,
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<br /> sE ''I me to be the identical parsons whose names are affixed to the above instrument as mortgagors and they severally s i a
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<br /> acknowledged the said matron csst to be their voluntary act and deed.
<br /> �_ wITNESSmy hand and Notarial Seal the date aforesaid. A
<br /> "(t GL/1ERA 0(t
<br /> "° taw
<br /> � I tstar_ � �
<br /> JAMES W.L'LSt}N ��/ L
<br /> Notary Public
<br /> r aa"+.� My Cltr:,--.F: tcrd Y� �C,'7 ' r
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