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<br /> MORTCACG
<br /> D10RTCAGC LOAN N0. � 22 �(l57
<br /> KNOWALLMENBYTHESEPREs�Nrs : Ti,�� Schuppan Enterprises , Inc . and Dale D . Schuppan dild
<br /> CDoris M . Schuppan , each in his and her own right and as spouse of each other ,
<br /> Mortgagor, whether one or more , in considcretion af the sum of
<br /> Twenty - one Thousand and No / 100- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - -- - - -- - ��LA�s
<br /> loaned to said mortgagor by The Equitable Building and l,oan A:sociation o( Crand Island , Nebraska, �tortgagee , upon 2 � � shares of stock of
<br /> said ASSOCIATION , Certificate No . L 22 � 05 � , do hereby grant , cunvey and mortgage unto the said ASSOCIATION the following
<br /> descri6ed real estete, situated in Hall County , Nebraska :
<br /> FRACTIONAL LOT TWO ( 2 ) IN FRACTIONAL BLOCK ONE
<br /> HUNDRED TWENTY ( 120 ) IN RAILROAD ADDITION , AND
<br /> ITS COMPLEMENT TO WIT : FRACTIONAL LOT TWO ( 2 )
<br /> IN FRACTIONAL BLOCK TWENTY ( 20 ) IN ARNOLD AND
<br /> ABBOTT ' S ADDITION , QOTH BEING ADDITIONS TO THE
<br /> CITY OF GRAND ISLAND , NEBRASKA .
<br /> togelher with all the tenements, hereditaments and appurtenanca thercunto helonging, including attached iloor cuverings, all window screens, � . - . � � .
<br /> - window shades, blinds, slorm winJuws, awnings, heating, air conditioning, and plumbing and waterequipment and accessories thereto, pumps, stoves, ' � � �
<br /> refrigerators, and other fixlures and equipment now ur hereaCter attached to or used in connection with said real estate . . . � � � � �
<br /> And wheuas Ihe said mortgagor hns agreed and does hereby agree tha[ the mortgagor shall and will pay all taxes and assessments leried or � . �
<br /> assessed upon said premises and upon this mortgage and the bond sewred d�creby be(ore the same sLall become delinquent; ro tumish approved
<br /> insurance upon thc buildings on said premises situated in ihe sum oC5 2� , ��0 . �� payuble to said ASSOCIA'IION und to deliver to said � � �
<br /> ASSOC►ATION the policies Cor said insurance; and not to cummit or permit any waste on or about said premises; - . � � -
<br /> In case of defaul[ in the performance of any of the terms and wnditions of this mortgage or the 6ond secured hereby , the mortgagee shall,
<br /> on demand, be entilled to immediate possession of ihe mongaged premises and the mortgagor hereby assigns, transCers and sets over to [he . � �
<br /> mortgagee all dte rents, revenues and income to be derived (rom the mortgaged premises during such [ime as Ihe morlgage inde6tedness shall remain . . . �
<br /> unpaid; and the mortgagce shaU have the power m appoint any agent or agents it may desire (or the purpose of cepairing said premises and renting � . � . � � � � �
<br /> the same and collecting �he rents, revenues and income, and it may pay out o( said income all expenses oF repairing said premises and necessery � : � -
<br /> commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom : the baLutce renmining, if any, to he
<br /> F,� �,; applied loward lhe discharge of said mortgage indeb[edness: these rights of the murtgagee may be exrrciszd at any lime du�ing the existence o( such � � � � �
<br /> � default , ir�espective of any �emporary wai��er of the s;�me. � .
<br /> 7hcse Presents, huwever, are upon the Condiiion, That if the said �fortgagor shull repay said loan on or be(ore the maturity o( said shares by . � .
<br /> payment ; pay monthly to said ASSOCIATION of the sum specified in the Bund secured hereby as interest and principal on said loan , on or befine �
<br /> the Twenticth day o( each and every month , until said loan is fully paid; pay all taxes and asses:ments levied against said premises and on this Slortgage .
<br /> ; and the Bond secu�ed thereby , befo�e delinquenc}: (urnish approved insurance upon the buildings thereon in the sum o( 5 Z � � ��� . �� payable -z
<br /> �, to said pSSOCiA710N : repuy to said ASSOCIATION upon demand all monev by il puid (or such taxes, assauments and insurance with interest at � '�"� �
<br /> the maximum legal rate thereon from date o( payment all of which Nortgagor hereby agrees to pay ; pem»t no waste on said premises; keep and comply � ti
<br /> s` ' �;.
<br /> with all Ihe agreements and conditions of the Dond for 5 Z � � � �� . 0 � tliis day given by the said Atortgagor to said ASSOCIATION , and comply
<br /> � aith all the rcyui�ements of the Cunstitwiun anJ By-Laws of said ASSOCIATION ; tl�en these presents shall become null and void , otherwise they .
<br /> � shall remxin in (ull (oree and may be foreclosed al the optiun of thc said ASSOCIATION after failure for thcee mon�hs to make any of said � � � �
<br /> paymems or be three monlhs iu arrears in making said monthly paymeNs, or to keep and comply with the agreements and wnditiuns oC said Uond ; �
<br /> � � nnd Mortgagor agcees to have a receiver appointed forthwith in such foredosure proceedings.
<br /> . If there is any change in uwnership of the real eslate mortgaged hemin , by sale or uthenvise, then the entire remaining indebledness he�eby �
<br /> . sewred sLall , at die option o( The Gquitable Building and Loan Association uf Crand tsland , Nebraskx, become immediately due and payable without
<br /> furthcr notice, and the amount remaining due under said bond , and any othec bond for any additional ad�znces made thereunder, sliall, Gom the
<br /> ' da[e of exercise of said optiun , bear interest ut the maximum ley;al rale , and this mmlgage may then be (ureclosed to satis(y the amount due on said � �
<br /> � bond, and any othec bonJ for vdditional advanres, together with all sums paid by said The Hyuitable 8uilding and Loan Association of Grund Island ,
<br /> Nebraska for insu�ance, taxes and assetsments, and abstracting extension cl�arbes, wilh in[erest thereon , from date of p�yment at the maximwn
<br /> legal rata �
<br /> � As provided in the Bond secu�ed hereby, while this mortgage remxins in eC(ect [he mnrtgagee may heteaCter advance addilional eums tu dte �
<br /> makers of said IIond , iheir assigns ur succeswrs in inte�est , which sums shall be within the sccurity uf qus murteage Uic same xs the tunds originally
<br /> ` sec�red theceby , the totai amount of principal debt not to exceed at any time Uie uriginal amount of this mortga e�
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<br /> ���a u�� 2 �d ��y �r Apri 1 ,� . D .. i � , 76
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<br /> Da'le . Schuppa , P ident � a , chupP�n � . � ,
<br /> _ D ris M . Schuppan �
<br /> STATB OF NGQRASKA, 1 u On this 2nd da � o( A ri 1
<br /> COUNTY OF HALL � S p 19 �6 , befure me,
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<br /> � tha unde si ned , a Nolary Public in and for said County , persunally came . -
<br /> , Schuppan Enterprises , Inc , and Dale D . Schuppan and �oris M . Schuppan , each in his and her � . � _, ,. r
<br /> own ' and as spouse of each other , who dPf' personally known to y
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<br /> � ` d�a t�rid( erwn5 whose name S dP2 aCfi.ted to the abovo inst�ument as mortgagur S and they sevcrally ,�
<br /> ��ir�4���'�111y�id irument to be thei r voluntary act and deed . ri �
<br /> ' � ��t�'1TN my f�and and Notarial Seat dic date aforesuid. R�p
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