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<br /> ' 76` øO34
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L 22,002
<br /> r KNOW ALL MEN BY THESE PRESENTS:That Samuel L. Stoll and Marlyce A. Stoll, each in his and
<br /> her own right and as spouse:of each other, Mortgagor,whether one or more,in consideration of the sum of
<br /> Thirty Thousand and No/100 DOLLARS
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 300 shares of stock of
<br />,..i,,,. said ASSOCIATION,Certificate No.L 22,002 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> E�. described.real estate,situated-in Hall County,Nebraska:
<br /> VY
<br />(r
<br /> 1
<br /> LOT THREE (3), IN BLOCK ONE (1) IN FIRESIDE
<br />'s! ESTATES, LOCATED IN THE NORTHWEST QUARTER
<br /> OF THE NORTHEAST QUARTER (NW 1/4 NE 1/4) OF
<br /> SECTION THIRTY—FIVE (35), TOWNSHIP ELEVEN
<br /> (11) NORTH, RANGE TEN (10), WEST OF THE
<br />), 6TH P.M., IN HALL COUNTY, NEBRASKA.
<br /> A
<br /> A1'
<br /> 1.:
<br />.d. together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> V window shades,blinds,storm windows,awnings,heating,are conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> k refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br /> c, Arid whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br /> f;,',;:: 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 530 000.00 payable to said ASSOCIATION and to deliver to said
<br /> i? . ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises;
<br /> P 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 /> on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> L'9,
<br /> a7; mortgageeall 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 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 />''l default,irrespective of any temporary waiver of the same.
<br /> ,l 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 /> rK 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 /> ?lY and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of S 30,000.00 Payable
<br /> f to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessrnents 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 30,000.00 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 void,otherwise they
<br /> /„*2. 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 /> ;5i: 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 Tire Equitable Building and Loan Association of Grand Islartd,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 /> S,i. 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 /> l'
<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 /> Yj
<br /> r 0/p�ed this 2 h0),/,- / uary - A.D.,19 7 k �-2
<br /> •
<br /> 1> Samuel L. Stoll~ Marlyce A. toll
<br /> STATE OF NEBRASKA, 1976 ,before me,
<br /> COUNTY OF HALL 'ssOn this 26th day of February
<br /> the undersigned,a Notary Public in and for said County,personally came
<br /> ,,', Samuel L. Stoll and Marlyce A. Stoll, each in his and her own righthand o aass spouse ooknownto
<br /> : , each other,
<br /> +.r,�t, �a,,,
<br /> >. me to be the identical persons 'p,<tht,s .rry•P are affixed to the above instrument as mortgagor S and they reverally
<br /> f.',- acknowledged the said instrum if%e0•N 4j°I,1RC� luntary act and deed. l�)y
<br /> WITNESS 4 T Nojt�ja'rl�4aYS6a to aforesaid. / �1J7 ....4.-L,24.
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<br /> My Com on 6xke{iNski io v 97 k�
<br /> !j: E:E- 45 p i;
<br /> y:�`: Notary Public
<br /> 3.73-2M ''Q Jf- Or 7 vy�••�C
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