|
,..
<br /> ,..,
<br /> --1
<br /> „ r---
<br /> ,,
<br /> 76- 0o1151
<br /> L.
<br /> MORTGAGE
<br /> }
<br /> MORTGAGE LOAN NO. L 22,016 MGIC
<br /> r KNOW ALL MEN BY THESE PRESENTS: Dale W. Stolle and Nancy L. Stolle, each in his and her
<br /> own right and as spouse of each other
<br /> Mortgagor,whether one or more,in consideration of the sum of
<br /> Twenty—two Thousand Five Hundred and No/100 DOLLARS
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island.Nebraska,Mortgagee,upon 225 shares of stock of
<br /> 1:,,!.'f.' said ASSOCIATION,Certificate No.L 22,016 MGI C,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Ilall County,Nebraska:
<br /> ,, PART OF THE NE4 OF SW4 OF SECTION 24, TOWNSHIP 11 NORTH, RANGE 10 WEST OF THE 6TH
<br /> . P.M. DESCRIBED AS BEGINNING AT A POINT ON THE EAST LINE OF SAID SW4 360 FEET SOUTH
<br /> OF THE NORTHEAST CORNER OF SAID SOUTH WEST QUARTER OF SAID SECTION 24: THENCE DUE
<br /> f, WEST AND PARRALLEL TO THE NORTH LINE OF SAID SOUTHWEST QUARTER A DISTANCE OF 163
<br /> FEET: THENCE DUE SOUTH AND PARALLEL TO THE EAST LINE OF SAID SW4 A DISTANCE OF 90
<br /> FEET: THENCE DUE EAST AND PARALLEL WITH THE NORTH LINE OF SAID SW4, A DISTANCE OF
<br /> r ,
<br /> S 163 FEET TO THE EAST LINE OF SAID SW4, THENCE DUE NORTH ON THE EAST LINE OF SAID
<br /> i.. SW4, A DISTANCE OF 90 FEET TO THE PLACE OF BEGINNING.
<br /> F.'
<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> p;:>;;.. 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 /> s j. assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent;to furnish approved
<br /> r insurance upon the buildings on said premises situated in the sum of S 22,500.00 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 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 /> r mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br /> x,%�,. 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;miscue 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 /> 3 '(hese 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 22,500.00 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 /> 1, with all the agreements and conditions of the Bond for S 22,600.00 this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> with all the requirements of the Constitution and Bylaws of aid ASSOCIATION;then these presents shall because 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 ur 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 /> further notice,and the amount remaining due under said bond,and any other bond far 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, front 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 /> secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> Dated this 5th day of March A.n.,I9 76
<br /> A/{,?L L- (L
<br /> 17
<br /> Dale W. Stolle Nang, r c : � c', c
<br /> y�.lSto le
<br /> .
<br /> STATE OF NEBRASKA; ss On this 5th day of March 19 76 .before me,
<br /> -- COUNTY OF HALL _
<br /> — ' the undersigned,a Notary Public in and for said County,personally came
<br /> Dale W. Stolle•aand Nancy L. Stolle, each in his and her own right N 41
<br /> ''-and as spouse of each other who are personally known to
<br /> .'--me tobe-the identical person s whose name s affixed to the above instrument as mortgagor 5 and they severally 4't -
<br /> a
<br /> acknowledged,fhe it td instrument to be their voluntary act and deed. r`
<br /> fQt
<br /> , WITNESS my hand and Notarial Seal the date aforesaid.
<br /> e7r
<br /> My Commission expires`�, „, \ i,
<br /> \ Notary Public
<br />
|