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<br /> :%`" MORTGAGE L 22,004 —
<br />; • • MORTGAGE LOAN NO.
<br />'Si'.:'• KNOW ALL MEN BYTHESE PRESENTS:Tint Eugene J. Schneberger and Janice J. Schneberger, each in
<br /> ,• right and asspouse ofeachother,his and her own
<br /> Mortgagor,whether one or more,in consideration of the sum of
<br /> 64.5 W - Twenty-five Thousand and No/100 DOLLARS
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<br /> '„ loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 250 shams of stock of
<br /> t: said ASSOCIATION,Certificate No.L 22 004 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> e,••:. described real estate,situated in Hall County,Nebraska:
<br />,Y,..
<br />=t12
<br /> LOT SIXTEEN (16), IN BLOCK TWO (2), IN
<br /> WEST BEL AIR SECOND ADDITION TO THE CITY
<br />',' OF GRAND ISLAND, HALL COUNTY, 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 /> 1-,-: 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 pternites situated in the sum of S 25,000.00 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 /> In use 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 /> 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 and net-eras)/
<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 tights of the mortgagee may be exercised at any time during the existence of such
<br /> E`" default,irtespective 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 /> "•r` 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 25,000.00 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 25,000.00 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 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 Island,Nebraska,become immediately due and payable without I
<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 mortcage may then be foreclosed to satisfy the amount due on said
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<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 same as the funds originally
<br /> IV secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> t Dated this26th-/ day of February ,t A.D.,19 76
<br /> F Zctl�/ �('A"L}+l 1_ 4'.7_,,.h< '-.7121:.(1,:,,;}.., i ..2)
<br /> '•, Eug a J. Schneberger a nice J (.Schneberger
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<br /> r:
<br /> ''' STATE OF NEBRASKA,
<br /> �':_ in. on this 26th day of February 19 76 ,before mc,
<br /> 1V.'' COUNTY OF BALL
<br /> : the undersigned,a Notary Public in and for said County,personally came
<br /> ., Eugene J. Schneberger and Janice J. Schneberger, eacTi in his and her own right and as
<br /> i[•, spo �-..,,;ach other, who are personally known to
<br /> ,�/ and theyseverally
<br /> ` tab'p big �r 7 � ..n 5 whose name S are affixed to the above instrument as mortgagors
<br /> N t„ lacknfreJedged abe: .,y.. „ nt to be their voluntary act and deed.
<br /> st - WI' •y,. hand and Notarial Seal the date aforesaid. ,
<br /> it v ._ ...r....nexpires 5 i l a 1 t' rl t tnl iso.;
<br /> ` '�'�(`�"` 11 Not Public
<br /> •� ,� r91 �� \Notary
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<br /> • ''�FOF NEBVP'
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