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<br /> ;76.. .000846
<br /> t4
<br /> MORTGAGE
<br /> t MORTGAGE LOAN NO. L`.21,995
<br /> KNOWALLMENBYTHESEPRESENTS:Thai Lonnie.E. Bunde°and-L:.:Celeste'Bunde,.each in::his:and•:
<br /> her own right;':and as'spouse,of-each'other•
<br /> Mortgagor,whether one or more,in consideration of the sum of
<br /> Forty-nnca Thnuaand and Nn/100 Dpil,ARs
<br /> r7 'loaned to said mortgagor by The Equitable.Building and Loan Association of Grand Island;Nebraska,Mortgagee,upon 410 shares of stock of
<br /> said.ASSOCIATION,Certificate No.L 21:,995. ,do hereby grant,convey and mortgage unto.the said ASSOCIATION`the following.
<br /> w6 described real estate,situated in Hall County,Nebraska:
<br /> K. ;
<br /> '4' LOT THREE (31, BLOCK TWO (2); IN WESTROADS
<br /> ESTATES SECOND SUBDIVISION, LOCATED TN THE
<br /> NORTHWEST QUARTER OF THE NORTHEAST'QUARTER
<br /> ' .`
<br /> y.� (NW)NE4) OF SECTION THIRTY-FIVE (35), TOWNSHIP
<br /> 7. ELEVEN (11)- NORTH RANGE TEN (10), WEST OF THE
<br /> 6TH P.M., IN HALL COUNTY, NEBRASKA:
<br /> I .
<br /> together with all the tenements,hereditaments and agurtenanms thereunto belonging,including coverings, window screens,_
<br /> all
<br /> ' windowshades,blinds,storm windows,awnings,heatin,air conditioning,and plumbing ad watequipmen andaccessortheeto,pumps,stoves,
<br /> r .
<br /> refrigerator,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 saidpremises and upon this mortgage and the bond secured thereby before the same shall become delinquent;to furnish approved .
<br /> insurance upon thebuildings on said premises situated in the sum of S' 41 000.00 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 /> k.,•' In case of default in the performance of any of the terms and conditions of this mortgageor the bond secured hereby,the mortgageeshall,
<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!cots,revenues and income,and it may pay out of said income all expenses of repairing mid premises and 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 /> f:, 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 mid loan,on or before
<br /> ti, 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 41,000.00 payable .
<br /> r• 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 s41,000.00 this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> s, 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 fora 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 mid 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 /> s;' further notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the
<br /> fz date of exercise of mid 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 /> Nebesska.for insurance,taxes and assessments,and abstracting extension charges,with interest thereon,from date of payment at the maximum
<br /> s4' legal rate.::
<br /> Il, As provided.in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br /> k 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 /> {s secured thereby,the.total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> p D this th day of February A.D.,197
<br /> i .. • � .�
<br /> �1rr// f� i -"(celeffunde, )64Z.- ."-/G-4'_/'
<br /> onme:E. un
<br /> , STATE OF NEBRASKA.
<br /> -is., on this 20th: day of February 19 76 ,before me,
<br /> COUNTY OF HALL 1
<br /> the undersigned a NotaryPublic in and for said County,personally came,
<br /> Lonnie-L. Buncle;and::L.;Celeste Bunde each in his aid.her own
<br /> right and as .spouse:of-each:other • who arepersonally known to
<br /> mi to be the identical
<br /> � person-5'. whose name S: affixed to the above instrument as mortgagor S and;.they- severally
<br /> e 'acknowledged the said histrument to be their voluntary act and deed.
<br /> WITNESS my hand and Notarial Seal the date aforesaid.
<br /> P-: GENERAL NOTARY!State o e , 6.2Z/'//I\/�/y-.
<br /> JAMES W.OLSON / Notary P" ubhc f
<br /> Ycomm,.Exp.Nu.12.1979 DTJ, /�/ /'I 7y
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