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<br /> 76- 000433 •
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<br /> iv, MORTGAGE •
<br /> MORTGAGE LOAN NO. L 21,959
<br /> �. KNOW ALL MEN BYTHESEPRI:SENTS:'That Alvernon'L. Knoepfel and Darlene I. Knoepfel, each in'his '
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<br /> and her.own right and asspouse of each other, Mortgagor,whether one or moec,ln consideration of the sum of
<br /> " Nineteen Thousand and'No/100 DOLLARS _
<br /> It.:.' oaned to said mortgagor by The:Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 190 shares of stock of
<br /> ',,ft, .'said ASSOCIATION,Certificates No.L 21 959 do hereby grant,convey and mortgage unto the said ASSOCIATION the following •
<br /> r , described.real estate,'situated in.hall County,Nebraska:
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<br /> �., LOT SIX (6) BLOCK SIXTY (60) IN WHEELER
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<br /> 4▪.' AND BENNETT'S ADDITION TO THE CITY OF
<br /> 1 ' GRAND ISLAND, HALL COUNTY, NEBRASKA.
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<br /> t together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floorcoverings,all window screens,
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories theekto,pumps,stoves,
<br /> k7"` refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br /> 1'. 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 /> to• assessed upon said premises and upon this mortga8e and the bond secured thereby before the sante shall become delinquent;to furnish approved •,—,4
<br /> insurance upon the buildings on said premises situated in the sum of$19,000.00 payable to said ASSOCIATION and to deliver to said
<br /> xi#.; ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises;
<br /> In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall,
<br /> It,,▪ on demand,be entitled.to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br /> i' unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting ,
<br /> •i'::" the same and collecting the rents,revenues and income,and it may pay out of said income all expenses ofrepairing said premises and necessary
<br /> 4, commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom:the balance remaining;,if any,to be
<br /> applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such
<br /> default,irrespective of any temporary waiver of the same.
<br /> These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br /> ;, payment;pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or before
<br /> L', the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage
<br /> ;•,.'.i. and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of$ 19,000.00' 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 /> . with all the agreements and conditions of the Bond for S 19,000.00 this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> k▪:. 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 ins full force and may,be foreclosed at the option of the said ASSOCIATION after failure for three;months to make any of said •
<br /> ▪ payments orbe three months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond;
<br />• a• and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. I
<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 lsland,Nebraska,become immediately due and payable without
<br /> i• 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,wills interest thereon,from date of payment at the maximum
<br /> legal rate.
<br /> U,'. As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br /> r, makers of said Bond;thea assigns or successors in interest,which sums shall be within the security of this mortgage the same as the funds originally
<br /> its secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage._
<br /> ,•_ D ted this ' �8 day of January A../9,9 76
<br /> Tic': Alvernon L ;Knoepf �� - Darlene I. Knoepfel .. ,
<br /> ..STATE OF NEBRASKA,}Ss.
<br /> s On this 28th day of Januar 19 76 before, me
<br /> COUNTY OF liALti y
<br /> {? the undersigned,a Nota Public in and for said County,personally came '.`'
<br /> Alvernon L: Knoepfel and Darlene I. Knoepfel, each in his and her own right anas spouse
<br /> of each•othe
<br /> rwho aPe personally known
<br /> me to be the(..r`nr
<br /> s'�MAR,A�J''s, ose name S are affixed to the above instrument as mortgagor S and they severally,
<br /> � acknowledges%k esna/Osj,r,hei r t voluntary act and deed.
<br />• 5 \ m j-land tarsal Seal the date aforesaid. c� a, ,
<br /> Y.: lt C6111#T, PPiFFEs.:P.i,_ 7 /Q'7‘, Li
<br /> A cam• 4%�tl�373 2M F� 7 1°�•'@ Notary Public ,' -Of NLBR�S�
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