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<br /> �fURTGAGG
<br /> A1pRTGACB LOAN N0. � 22,067
<br /> KNOWALLMENUYTHBS[iPRHSEN7'S:That Kenneth H. Schmidt and Phyllis C. Schmidt, each in his I
<br /> and her own Plght dtld ds SpOUSe Of edCh Oth2t', �tortgagor,whetheroneormure,inwnsidcratianofthesumof
<br /> ` Nine Thousand Four Nundred and No/100---------�------------------------------------��LA�
<br /> loaned�o said mortgagur by Thc Equitnble Duildin and Luan Association of Grand Island,Nebra:F:a,4lurtgagee,upon 94 shares of stock af
<br /> said ASSOCIATfON,Certificate No.L 22+�6� ,do hereby grant,coneey �nd mortgage unto the said ASSO('IATION tiie following
<br /> Jescribed real estatc,situated in Hall County,Nebraska:
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<br /> LOTS QNE HUNDRED SEVEN (107) AND ONE
<br /> HU�IDRED EIGHT (108) IN HAtdTHORNE PLACE ,
<br /> BEIN6 A SUBDIVISION OF PART OF THE
<br /> NORTHWEST QUARTER (NW;) Of SECTION
<br /> n-0ENTY-TWO (22), TOWNSHIP ELEVEN (11)
<br /> NORTH, RANGE NINE (9) WEST Of THE 6TH
<br /> P.M., IN HALL COUNTY, NEBRASKA.
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<br /> together with all the lenements,hereditaments and appurtenantts�hercunto belonging,including attached floor cuverings,all�eindow screens, �
<br /> N�indow shades,blinds,stunn e•indows,awnings,I�eating,air conditioning,and plum6ing and wacer equipment and acceswries thereto,pumps,stoves, . �
<br /> refrigcralurs,and other�xtu�es and equipment now or hereafter attached m or used in connection widi said�eal rsta�e.
<br /> 'E And whereas the said mortgagor lias agreed and does hercl;y agrec that the mortgagor shall and will pay all taxes and asxsunen[s levied or ��
<br /> assessed upon said premises and upon this mortgage and the bund secured there6y before the same shall become delinquem:to(umish approved .� �
<br /> ' insueance upon the buildings on sxid premises situated in the sun;o�S 5�4��.�� p�yable to said ASSOCIATIUN and m deliver[o said � �
<br /> �''; ASSOCIATION the policies for said insurance;and not to commit ur permit any waste on or about said premises .� .
<br /> [n cax of default in the pedormance of any of the terms and conditions uf d�is mortgage or the bond securrd hereby,the mort�gee shafl,
<br /> on demand,be entitled to immcdiate pussession of the mmtgagcd premius and the mortgagor h^rcby astigns, trnns(crs and :e[s over to thc
<br /> morigagee ull ihe rents,rexenues and income to be derived from the mortgaged premises during such time as d�e mongage indebtedness:haii remain � . :
<br /> unpaid:and the morigagee shall have the power to appoint any agent or acents it may desire far the purpose ot repxiring said premises and centing � .
<br /> ihe same and collecting the cents,ie.enue:and inrome,and it may pay out oF said incume all expenses o(repairing uid premises anJ necessary� .
<br /> .�_�, commissions and expenses incurred in renting and managing the eame and of collecting rrntals therc(rom;the balanre rcmaining,ff any,m be � �
<br /> applied toward the discharge of said mor�gage indebtednetc;these rights o(the mortgagee may be exercised at any time durine the existence of:ech
<br /> default,i�respective of any temporary waiver o(the same.
<br /> These Ptesents,however,are upon the Cundition,Thut i(tlte s�id Aforigagor:hall repay said luan on or bature the matu�ity o(said shares by
<br /> payment;pay munthly to said ASSOCIA'IfON of ihe sum sprcified in the fiond u�ured hereby as incerest and prir.cipal on said loan,on o�brlbre �
<br /> Ihe Twentieth day ot each and ecer}•month,unul s�id loan is fully paid;pay all taxes and asussments levied against said prcn•ises and on this M1lortg�ge .
<br /> z'-, and the Bond secured ihereby,before delinquency;furnish approeed insu�ance upun the buildings thereon in[he sum uf S 9�QQQ.QQ Fapabla
<br /> m said ASSOCIAT[Oti;«pay tu said ASSOCIATIOY upun demand all muney by it p�id(or such tazes,auussments and insuranre w�ith interest at �
<br /> the m�ximum legal rate thereon fram date of p�yment all of which 1longagur hrreby aerees to pay;permit no waste on said premises;keep and cumply
<br /> with all the agreements and conditiuns of the Dond for S 9�4��.�� this day gicen by d�e s;fiJ lfortgagor to suid,LSSOCIATIOV,and comply �
<br /> with all ihe reyuirrments of the Constitution and By-L�w�s u(said ASSOCIATI04:then these presents shall become null and vuid,utheru�iu tLc}� �
<br /> f'. shall remain in(ull(urce and may be forcclosed at the option of the said ASSOCIA'I�ION airer failure (or three monthz [u make any uf said
<br /> `� payments ur be three months in arrears in msking:aid monthly payments,o��u Aeep and comply with the agreemrn[s�nd conditions uf'said l3ond;
<br /> 3'i and Atortgagur agrces io hare a receiver appointed forthu•ith in such(ureclasure proceedines.
<br /> �' 1(there is any change in ownership of the real estate mortgaged herein,by sale or o�hen��ise,then the entire remaining inJabtedness hereb}�
<br /> °� xcured shall,at the option o(The Equitable 13uilding and Loan Association of Grand Island,�e6raska,become immeJiatrly due and pa��able�viihout
<br /> further notice,and the amount remaining duc under sxid bond,und any uthcr bund for any additional advances msde thereunder.sh�ll,from the
<br /> 4� date o(exercise of s:iid optior.,bear interest at the maximum legal rate,and this nwrtgage may then be foreclosed to sats(y the amount due on said
<br /> bm�cl,and any odier bond(or adJitional advances,together with all sums paid by said The Gyuitab;e Uuilding�nd Luan Asso-�:xtion ci;:;rand Island,
<br /> Nebraska(or insurance,taxcs and assessmentt,and abstracting extension charges,with interest thereon,fmm date uf payment at the maximum
<br /> �, legal rate.
<br /> r .As pruvided in the Bond secured hereby,while this mortgage remains in ef(ect the mortgagee may lierealter advance aJdition�l sums to thc
<br /> mai:ers of said Bund,their assigns or successurs in interest,µ�hich sums�hall be within�he security of this murtgage the�me as the Cunds u�iginally
<br /> ucured thereby,the total amount oC principal debt nut to exceed�l xny time the miginal amounl of ihis mortgage.
<br /> oa�ea�n�s 13th a�y or Apri 1 �.�.,i� 76
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<br /> � ' Kenneth H. Schmidt �hyl1is C. Schmidt
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<br /> � I STATE OF NEBILASKA,�ss. On this �3th day o( Apri 1 19�6 ,be(ore me,
<br /> COUNTY OF HALL
<br /> ne pndersjgned,a o ary Public in apd tbr said County,personally came ' � ���y°,�_
<br /> Kenneth H. Schmidt and Phyllis C. Schmidt, eac� in h�s an� �er own right and as spouse of
<br /> each other, ��ho are persunallyknownro a �
<br /> me to i n S whose nameS a re affixed to the aboce instrument as mortgagor5 and they ��'crally � +¢�.~
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<br /> ac d • p' � r ent to be thei r ovluntary act and decd. �� �
<br />�� �' V N WI S hand and Notarul Saal the date aforesaid. �� � � �
<br /> i�� . � COMMI�ON $ i expires ���\ \; ; i��,��, `�1 �1�`�� �\�j,'.:,J -.,1
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