|
76- 000818
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L 21,990 MGIC
<br /> x
<br /> i%i KNOW ALL MEN BY THESE PRESENTS:That Paul A. G'Schwind and Leona E. G'Schwind, each in his
<br /> and her own right and as spouse of each other, Mortgagor,whether one or more,in consideration of the sum of
<br /> Fourteen Thousand One Hundred Fifty and No/100 DOLLARS
<br /> tManed to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 141 shares of stock of
<br /> said ASSOCIATION,Certificate No.L 21,990 MGT C do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in ilall County,Nebraska:
<br /> THE NORTHERLY EIGHTY EIGHT (88') FEET
<br /> OF LOT FOUR (4) IN BLOCK SIXTEEN (16)
<br /> IN THE ORIGINAL TOWN, NOW CITY, OF
<br /> •
<br /> GRAND ISLAND, NEBRASKA.
<br /> together with all the 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 /> 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 14,150.00 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 terror and conditions of this mortgage 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 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 arid necessary
<br /> 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 /> 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 14,150.00 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 14,150.00 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 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 /> 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 /> 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 I stand,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 sane 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 /> Dated this 19th day of February A,D.,I9 76
<br /> , ('ICY r- c Z,� ,Y-'_ G «-'r.,.rto=
<br /> Paul A. G'Schwind Leona E. G'Schwind
<br /> ' 'STATE OF NEBRASKA, ss. On this 19th day of February 19 76 ,before me,
<br /> COUNTY OF HALL 1
<br /> ,y - the-undersigned,a Notary Public in and for said County,personally came
<br /> + Paul A. G'Schwind and Leona E. G'Schwind, each in his and her own right and as spouse of
<br /> 'r ' •
<br /> each other, who are personally known to
<br /> ,
<br /> ' me to be the identical person S whose name S are affixed to the above instrument as mortgagors and they severally
<br /> 1 - '
<br /> acknowledged the said instrument to be their voluntary act and deed.
<br /> �IE6Srryr-h,^ 9^a otarial Seal the date aforesaid. ( ) - `i
<br /> r A°MRA 1 ARY•RattofNab, '/�Gt __,
<br /> , 0W 4�a4xp ifs �(0 ( y�.r
<br /> 1:a4-,l r . ,:,17- -4 /Z /'-'1, J / Notary Public
<br /> ,u •
<br /> --- -.. / r�
<br /> ,
<br />
|