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<br /> 76- OQ1657
<br /> AfORTCAGG
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<br /> MORTGACf:LOAr NQ_L�2�LQ,� _
<br /> KNOW ALLMEN llY TI�GSL•PRGSGNTS:That. W���i 7p1 J. I��@Il and Mary Ann Degen, each i r, hi s and
<br /> her own right and as sWouse of each �ther,
<br /> Alortgegor,�vhether one or more,in consideration of the aum of'
<br /> Forty, Thousand and No/100------------------------------------------------------- �o�Lnks . , ,:,
<br /> luane�to said martgagor by The fsqufta6le puilding and Luan Assuciation of Crand Island,NeBraska,t�iortgagee,uporr_400. sliare;oF stock of
<br /> 'said ASSOCIA7'fON,Certificate No.V 22�QQ9 ,clo liereby grant;cunvey and mortqage untu ihe said ASSOCIATION the following
<br /> described real estate,siwated in Hall Cuunry,Ne6ruka:
<br /> FRACTIONAL`LOT ANE (1) IN FRACTIONAL BLOCK SIX (6)
<br /> IN WOOD[iINE ADDITION TO THE CITY OF GRraND ISLAND,
<br /> NEBRASKA, AND ITS COMPLEMENT, TO WIT: FRACTIONAL
<br /> LOT ONE (1) IN FRACTIONAL DLOCK SIXTEEN (16) IN
<br /> G{ARLES WASMER'S ADDITION TO THE CITY OF GRANO
<br /> ISLAND, NEBRASKA, AND WASMER'S ANNEX TO �IRST
<br /> ADDITION.
<br /> wgether widi ali the tenemenn,hercditaments and appurtenanms thercunto bclonging,including attaclied Ilour cu�Trings,al!�Pindow screena,
<br /> window shades,blinds,storm windows,awnings,heating,air conditiuning,and��I�mbing anJ waterequipment anJ acceswries therero,pumps,st�vea,
<br /> rcf�igerators,nnd otfier fiaturcs and equipment now on c�rca(�er attarheJ to or useS in cronneclion with said real estate.
<br /> And whercas the.said mortgagor has agrced and dues herehy agrce that thc morl�gur shail and H•ill pay all iaxes and asuasmenta le��ed ar
<br /> assesscd upon said premises and upon tl�is murtgage and the 6ond secured tlrere6y betore the same shall become delinquent;tu furnlsh approved
<br /> insuranoe upon Ihc buildingc on said prcmius siluateJ in thc sum of 5¢O, O�O.�0 payable to sai3 ASSOCIATION and to deli�er to satd
<br /> ASSOCIAT[ON the poliries for caid insurance;and nnt ro�rommit or pernnl any�vaste un ur about aaid premisea;
<br /> In casc oi dc(aWc In thc perfonnance af any o(the tenns and cunditions oF this nwrtgage or the 6und s�cured herehy,the mortgagee shall,c
<br /> � un Jemand,be entitled�to immediate po:session uf tlie mortgaged prcmises and Ihe nwrtgagu� hereby assi�nr, transfers and sets u��er tu�the�.
<br /> mortgagee all q�e rmb,rcvenues and income tu 6c derived from the murlgaged premise:during such time as tha mongage indebtednes�siiatl remain.
<br /> unpaid;anJ the mortgagee shali have the poH•er to appoint any agent ur agents it may desire for the purpose oi iepairing said premises and ienting
<br /> the s�me and rnllectfng the rents,re�Rnues and income,and it may pay out of said income all expenses uf repairing sald premises and nc��essa�y
<br />. ... ��mmmissions and ex�enu:incurred in reNing and managing the same und uf collecling mntals tLeretrom;tlie Ualantt�rcmaininp,if am�,to be� '
<br /> applied toward the dfscharge o(said mortgage indchledness;tlicse rights of the mortgaqee may be exercised at any timc during the exislence uf'sucl� �•
<br /> default,icrcspective of any lemporan•wai�rr of thc samc,
<br />� Thex Presents,hoac��er,arc upon qic Cunditiun,That iC the said lfortgagor shall�cpay said loan on or be�bre the maturity nf said shares hy .
<br /> payment;pay monthly�o said ASSOCIATION of ihe sum spccilied in the Ilund securcd liercby as mtercet and p�incipal un said loxn,on ur before
<br /> the T�ventleth day of cach and cvery month,witil said luan is(idly paid;pay all taxex and assessmcnts levied against said prcmises and on this 111urtgage
<br /> and the Bond secured the�eby,bofure delinquency;fumish approti•ed insurance upon the buildings uiereun in�he sum of S 40�OOO.00 payable
<br /> to said�1SSOCIATION:repay to said ASSOCIATION u�wn demand all money by it paid for such laxes,assessments snd insurance�vitl�interest at w' ��- �
<br /> the maxim�m legal rutc the�eon Gom datc uf payment ali of which�fortgagur here�y agrecs tu pay;pennit no wauc on slid premiscs;keep nnd comply �
<br /> with all Ihe agreements and�ronditions of�he Uond Ibr 3 QQ�OOO OO����s dap giean by thr said�turlgagor t��said e1SSOCIATION,end comply
<br /> with ail thc requirements uf the Cunstitution and Bp•Iaws at said ASS(x1A170N;Hicn these presents shall bewme null and�roid,utherw�ise they
<br /> shall remain in full furce and may be I'oreclosed al lhe option ol the said ASSOCIATION after t�iilure tbr thrce munths to make anv ot said � � �
<br /> paymcnls ur be three months in arrea�s in making said monthiy paymenls,ur to kcep and compy�with the agrecments and mnditiuns u:wEd Uond;
<br /> and Morlgagor ag�ces tu ha�e a receiver appuinted lbrthwith in such(oreclusure proceedin�s. �
<br />� If there is ar.y change in ownership of the real ca�ate mortgaged i�erein,by salc ur othet�vise,Ihen the entire romaining indebtedness here6y
<br /> xwred ah�il,at the op�ion of The GyWtablc Building anS Loan Asscn;ialion o(Crand Island,Nc6raska,6ernme inunedtately due and payablc withuut
<br /> further noticc,und thc amuunt remaining duc undcr said bond,a�iJ any othcr bonJ fer any additional adwnces made thereunder,shall.Gum tlie
<br /> date of exercise of said optiun,bcar interest at the marimum Icgat rate,and this mortgage may then be fineclosed to satisl)�the amuunt d�c on said
<br /> bond,and any otlicr bond(ur additianal advances,toqethcr with all sums paid by said 7'he I�yuita6le Building and Loan Assucialion of GranJ Island.
<br /> Nebraska fnr�uurance,taxes and assessment�,and a6slracling extension charges,wifh Interest thereon, I'rum date uY payment at the nfaximwn
<br /> Icgal rata
<br /> As provided in the Bund xcured hereby,e•hile this mortpage remains in ef(ecl q�e urorigagee may hereaftec ad�ance ndditionai sun�s to the
<br /> makcrs o(said lland,thcir assigns or aucccssor:in interest,�rhicli smns ehall bc wiihin ihe secwi�y ol Ihis mcrtgage the same as tiie fwds uri�inally
<br /> secureJ thereby,lhe lutal amount nC principal debf not to ex�sed at any lime ihe uri�inal amount of this mortgage.
<br /> �ip u��n 31s� a�y�r March n.[�.,�y 76
<br /> ��' � � •�.a, ;, C,_�
<br /> -�'p .�il... � [ � �7t-n,' � `.t:. ;^ .
<br /> William J. D en Mary L�nn Degen �
<br /> STATG 0�NEpRASKA,��. On Ihis 3�5 t day of March 19 76 ,beforc me,
<br /> COUNTY 0�HA!L M., ,
<br /> Ihe undetsigned,a Nolery Pubiic in anJ Cor said County,per,wnalty¢ame „3''.
<br /> William J. Degen and Mary Ann Degen, each in his and her own
<br /> who are Mraunally knvwn m "'
<br /> and as spouse of each other �
<br /> ���
<br /> V 1{b� cai peraon 5 whosc name S affired to the a6o�e instrument as iuvngagur S and tf)@y sc�Ere!ly ,,, r�_ `
<br /> C�a��'��daa�� inatniment m be thei r �'�luntary act and Jced. ,�'
<br /> r r
<br /> r :"�� ��!,N7 BSS my hand and Notarial Seal Ihe date afuresaid.
<br /> �'y rr � � � �1 'mmiasion expirca t��a.��,p,�' `}� I ti 7�n ��\ J,'1 ��\(�s
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