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<br /> 7- 7b- nn l 0112 �.
<br /> K. MORTGAGE
<br /> ;' MORTGAGE LOAN NO. L 22,007
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<br /> KNOW ALL MEN BY THESE PRESENTS:That Lavern E. Petzoldt and Patricia A. Petzoldt, each in his
<br /> 1„p..
<br /> . and her own right and as spouse of each other, Mortgagor,whether one or more,in consideration of the sum of
<br /> !. Thirty-two Thousand and No/100 DOLLARS
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 320 shares of stock of
<br /> said ASSOCIATION,Certificate No,L 22,007 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> 9z, described real estate,situated in Hall County,Nebraska:
<br /> F1
<br /> „; LOT FOUR (4), IN WHITES SUNNY SLOPES SUBDIVISION,
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<br /> IN HALL COUNTY, NEBRASKA.
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<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> 14, window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> ;4{ refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br /> a,. 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 /> 4'} 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
<br /> ' ' 32,000. payable to said ASSOCIATION and to deliver to said
<br /> ii% ASSOCIATION the policies for said insurance;and not to commit or permit any wasteto on or about said premises;
<br /> rl?”'` 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 /> e 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 /> ti' 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 /> :51. 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 /> Al-" 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 /> ..t and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of S
<br /> F:; 32,000.00 payable
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interestectat
<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 32,000,00 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 /> shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for shire months to make any of said
<br /> 'i..• 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 /> it. and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br /> P(-s If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remainir,,indebtedness hereby
<br /> "'•; secured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately dap and payable without
<br /> i,p-.. further notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the
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<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 /> Mier 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.
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<br /> D ted thus 27th day of F bruary A D.,19 76
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<br /> ,, Ll.tnd.t, il [ 43-0/ f Gl ..y ,a . G!i- /
<br /> , Lavern E. Petzoldt (� • Patricia A. Petzoldt
<br /> SATE OF NEBRASKA, ssOn this da of
<br /> COUNTY OF HALL 27th y February 19 76 ,before me,
<br /> t- Lavern E. Petzoldt and Patricia A. Petzoldt, eac i din liq lode Public own and right Courtly,
<br /> n yas spouse`
<br /> Of each other, who are personally known to
<br /> me to be the identical persons whose names are affixed to the above instru ort or
<br /> gag S and they severally
<br /> 6': acknowledged the said instrument to be their voluntary act and deed.
<br /> WITNESS my hand and Notarial Seal the date aforesaid. /G%ij�(/(�
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<br /> My Commission expires ,/ ''e
<br /> GENER / `'�Zf Notary Public
<br /> 3.73-2M 4 NOTARY•State of Nebr. (�'
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