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<br /> �� 76- 1)(l;�O F3�!
<br /> MOR7'(iACB
<br /> Y ntoirrcnre�onN No. �22,od5 =-=--MGI C
<br /> Ir i —
<br /> ` KNOWALLMliNIlYTflESLpI2ESlsNTS:'fhat porlene M. Schurrm, a s9ngle person 1
<br />� 1
<br /> { Mortgsgor,whethcr one or murc,In consldcration af the aum of
<br />`fd 7hi rteen Thousand Four Hundred and No �OO------�--------------------^-"'--'--'-"-DOLLARS
<br /> 1 IoaneJ lo sul�mortgagor by The Equitable Duil�in and l.uwi Assuclatiun af Crand Isiund,Nebruska,Mortgagea,upon 13� shures of srork of
<br /> wid ASSOC(ATION,Certificute No,L 22�0�5MGI C,do hcreby grant,convay unJ mortgage unto thc sald ASSOCIATION Uic folluwing
<br /> Jescribed reul eslate,situnted in Ilell Cuanty,Ncbruska:
<br />� ALL OF TNE NORTHERLY FIFTY-FOUR fEE7
<br /> (N. 5�') OF LOT ON�. (1) IN DLOCK SIX
<br /> (6) IN THE ORIGINAL TOWN, NOW CITY, i '
<br /> OF GRAND ISLAND, NEBRASKA.
<br /> together with all the lenements,lieredltmnents and appurtenanccs thereunto belonging,incluJing nttached tloor covedngs,ull w•iodow screens, �
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,staves,
<br /> refrigerntors,anJ other fixwres and equipment now ur hereafler attachcd to or used in connection with said real estate.
<br /> And whercas the said mortgagor has ag�eed and docs I�ereby agree that thc mortgagor shall and will pay all taxes and assessmcnts levied or
<br /> asussed upon said premises and upm�tliis mortgage and the bond secured thereby before the mme shall become delinquent;to furnish appruved
<br /> insurnnce upon tl�e buildings on said premiscs situated in Uie sum of S�3 400.OO pa,yable to sald ASSOCIATION and to deli�:r to said
<br /> ASSOCIATION the pollcies(or said insurance;nnd not to commit or permi�any wnste on or abuut said premises;
<br /> In case o(default in the per(ormance of any o!the terms an�wnditions u(this mortgage or the bond secured hereby,the modgagee shell,
<br />.� on demand,be entitled to immediate possession o(the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />:� moqgagee all the rents,revenuer and income to be derived from the mortgaged pcemises during such time as the mortgage indebtedness shall remain
<br />.s unpaid;and the moctgagee shall have the power to oppoint any agent or agents it may desire for the purpose o(repairing suid premises and renting �
<br />�, the same and collecting the rents,revenucs and income,and it may pay out of said income all expenses of repainng said pmmises end necessary ;
<br /> commissions and cxpenses incurred in renting and managing the same and of collecting rentals therefrom;the balance remuining,iF any,tu be ;
<br /> applied toward the dlscharge of said mortgagc indebtedness;these rights of the mortgagee may be exercised at any time during the existence o[such
<br />� . defaulC,irrespective of any tempnwry waiver of the snme. �'.
<br />�� , These Presents,ho�vever,are upon tha Condilion,That if thc said Mortgagor shall repay said loan on or be(ore the maturiry of snid shares Uy ( � � .
<br /> pzyment;pxy monthly to said ASSOCIATION oF ihe sum specified in tho Bond secured hereby us interest and principal on said loan,on or be(ore
<br /> the Tweulieth day o!each and every month,until said loan is(ully paid;pay all taxes and ussessments levied agninst suid premises and on this hlortgage �-.
<br />'� and the Bond secored thereby,be(ore delinquency;Cumish approved insurance upon the buildings thereon in thc sum o(S�3�400.00 P�Y����
<br /> lo said ASSOCIATION;repuy to said ASSOCIATION upon demand all money by it paid for such taxes,assessments anJ insurance with interest at
<br /> i the maximum legal rate Ihereon Gom date o(payment all of which Mortgagor hereby agrees to pay;permit nu waste on said premises;kcep nnd comply
<br />;� with uil ti:e agreements and conditions o(the Bond for S�3 40p Q� «s day given by the said Mortgagor to said ASSUCIATION,and comply
<br /> 7 with sll the requiremcnls o(the Constiwtion and By-Laws o�'said ASSOCIATION;then these presents shell become null and void,othenvise they
<br />;�j' shall remain in full force and may be foceclosed at the optiun of the said ASSOCIATION after failure for three months ta make any of sdid
<br />':S payments ur be three months in xrreais in making said monthly payments,ur w keep and comply with the agreements and cunditions uf said DonJ;
<br /> { and Mortgugor agrees to have a receiver nppointed(orthwith in such forecbsare proceedings.
<br />.f If there is any change in owncrship of the rcal estate mortgaged herein,by sale or othenvise,then the enti�e remaining indebledness hereby
<br />:r secured shall,at the option o(The Equitable Building and Loan Associalion of Grand Island,Nebraska,become immediately due and payable without
<br />';1 further notice,and the amount remaining due under said bond,and any olher bond(or any additional advances made thereunder,shall,from the
<br />;j date uf exercise of said option,bear interest at the mxximum legal rate,anJ ttus modgage may then be Coreclosed ro satisfy the amount due on suld
<br /> � bond,and any other bond Cor additiuual edvances,together with all sums paid by said The Equitable Building and Loan Aswciatiun of Grand Island,
<br /> Nebrasku for insurance,taxes nnd assessmcnts,and abslracling extension charges,wilh interest q�ercon,fcom dute of payment at the maximum
<br />;;i Icgal rale. �
<br /> t As provided in the Bond secared hereby,whfle tlus mortgage remains in effect the mortgegee may hereaCter advance additional sums to the
<br /> �: ' makers of said➢ond,their auigns or successors in interest,which sums shall be within the security of this morlgage the same ns the funds originally
<br />� secured theceby,the totai amount oF principal debt not to exceed at eny time the uriginal umount oP this mortguge.
<br /> � Dated this 22fC day of Apri 1 A.D.,19�6
<br />�,�� �
<br />�'� � rle�M.�Sciumm � • _ �
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<br /> STATC OF NEBRASKA, ss. On tlils 22nd day ot Apri 1 19 �6 ,before me, 4
<br />�� ' COUNTY Of HALL}.
<br /> F the undersigned,a Notery Public in and for said County,personally enme " ^�k t '
<br /> f '� M: Schumm, a single person i . �,
<br /> � � (��h, who �S personally known to
<br /> :�:i
<br /> ttf��+��"rig'°i,t�labt�q�,i son whose neme affixed to the above instrument as mortgagor and Sh2 �C��� � fi +�'
<br />''E �a �a NOTAR���"d in rumenPto be her voluntnry acl nnd dced. �'�}
<br /> t rSy�
<br /> � COMMIcc�p�}�f my hand and Notarial Scal tNe date aforesnid. � E'
<br /> { 9G EXPIfiES 6h�;Co ission expires ,�,�q,� -}1 I�,,�� �` ' �
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<br />� ` f�',�'°y°�n��a>e• �,Q, � N flry Public
<br />; ' ��F r�Ea�Gs
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