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<br /> n�oitrcnce
<br /> AtORT(:AGf.LOANNO L 2Z��OJ MGIC
<br /> KNOWALL�fENIiYTH13SGPRCSENTS:Thut Jim D. Schmidt end Christine A. Schmidt, each in his
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<br /> and her OWl1 right and as spouse of each other, ��urtgagor,whethcroneurroure,incunsidcrnqonofthcsumof
<br /> " Twenty Thousand Seven Hundred and No/100-------------------------------------------���nias
<br /> luaned m sald morlgngor by'fhe liyuitablc DuilJing anJ Loan Association of CranJ Ixland,Ncbraska,Murtgagee,upon 20� shares of srocA of
<br /> said ASSOCIATION,Certificate No.L �g��n� MGIC du hereby grunt,convey ;ind murtgage uutu Ihe said ASSOCIA7'IUN thc(olluwing
<br /> Jescribcd real estnte,siluarod in Ilali Co 51l ,rI� ruska:
<br /> LOTS FOUR (h) AN� FIVE (5) IN DLOCK TWO
<br /> (2), IN CLARKSON'S FIRST ADDITION TO
<br /> ALDA, IN HALL COUNTY, NEBRASKA.
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<br /> together with all the tenements,heredituments anJ appurtenances theceuntu 6elunging,incluJing auacheJ Iloor coverings,all window sc�eene,
<br /> winJow sliades,blinds,sturm wiuJuws,awnings,heating,air conJilioning,and plumbing and w�ter equipinent and accessorics Ihereto,pumps,stoves,
<br /> ` cefrigerators,and other fixtures and eyuipment nuw or hereafter attached to or uscd in cunuecliun wilh said real estnte.
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<br /> AnJ wheccus die said mortgagur hns agrced anJ Jues hcrcby agrce tliat thu murlgagor shall and will pay all laxes and assessmenls Icvied or
<br /> assessed upon said premises and upon Uiis mortgage anJ the bund secured.tficreb before the same shull becume detinyuenL'tu furnish approved
<br /> insurancc upon the buildings on said premises siluated in lhe sum oC 5 ZO�1��.�0 payablc lo said ASSO(:IATION und to dcliver lo said � �
<br /> c i ASSOCIATION Ihe policies for snid insumnce;and irot tu commit or permit any waste on ur ubuut suid pramiscr,
<br /> '�`� In case uP default in Ihe pedbrmance u(any uf the tenns and condiliunt uf this nwrtgage m lhe bund secured herehy,the mungagee shail, . � �
<br /> ,-,a on Jemand,be entitled lu immediatc posscsiion oC the mongagcd premiscs and the murtgagon c�reby assigns, Iransfers and uts uver tu Ihe � -
<br /> mortgagec aU thc rents,revcnucs anS inwme lo bc derived(rom the murtF.ged premises during such timc as lhc morlguge inJebtedness shall remuin
<br /> unpaid;and the nwrtgagce shall have the power lo appoint nny agen�u�agents it mny dcsire for the pu�puse of repairing said premises anJ renting � �
<br /> the same und collecting lhe rents,revenucs and income,and it mvy pay uul ol'said incunce all expensee of repairing said premiscs and necessury . �
<br /> � commissions and expenses incurred in rcnting xnd managing the same and ul'collecling renlals U�ercfwm; the balance mmnining,il'any,tu be
<br /> �'-�� applied towarJ�he discharge uf suiJ mortgagc inde6lcdness;l�ll'SC fiblllS O(Illl'I➢OflKBFI`C Illll)'bC l•Xl'ICISCII el;IIIV(III1C 1I11f11161I1L CXI51011CC UI SIICII �
<br /> ' dcl'aull,irrespcclive of auy tempurary waivcr o[thc samc. .
<br /> � �� "1'hese Prescn�s,IIUN'CVCf�8IC IIrUI]IIIC COI1lIIlI0I1�TI111 1��IIC 1811I DIUIl�;B�!U!SI18II fl'�)�y said loan on oi before the maturily ol'mid shares by
<br /> payment;pay munthly lo said ASSOCIATION of the sum speciGeJ in the Bund secured hercby as interest anJ princip�l un said loan,un or be(ore
<br /> lI1C TWCII�1CII1 lIOY OI l'8L'�I efill CVCf}'IIl(II1II1�UI111I SdIII I0811 IS IIIIIy(1811I:P81':III IJ%l'S�I7lI JSSI`SSIIICIIIS IC'YICII 8�'8111S1 58I1I(1ItII111CS llllll 011 1�115 A�Ufl�:1�;C �
<br /> � i �nd�he Bnnd securcd Iheieby,belure delinyucncy;f'umish apprueed insurantt upon thu buildings theremi in ihe sum uf 5 2�.��0.�� payable � �
<br /> �o said ASSOCIATION;repay tu suid ASSOCIAi'ION upun demand ull muneq by Il PJIII IUI SUl'II I�XCY,IISSI•SSII7CIli1 llI1lI iusurance wiih interest a� � �
<br /> '_ t lI7C(71flXIlllllfll IC(�JI fB�C�IICft'UII�fUlll ll8ll'l)I�/�)'llll'l1I 8II UI Wllil'II�v�(t(Ie;1�;Uf IICII'�Y 8�,f1'CS lU�t��'��ICflllll IIU lYBsIC OfISAiII�)ICII11SC5:kCCj)lllll�l'UIII�I},
<br /> with ull d�c agrccrncnls and eonJi�iuns of Ihc I1und I'or S 2�����.���his day given by thc said�lortgagor tu s:iid ASSOCIATION,anJ cumply
<br /> 1vIlI1 eII lI1C fCyUlll'illl'lll5 U(Nll`CUIlSIIIIIhOf1 0111I IjY•L'JWS O�S�II�ASSOCIATION:llll`fl thcse pmsenls shall becume null and euid,other��'ise�hcy
<br /> shall remain in full(urce and may he loreclosed at lhe opiion u(d�e said ASSOCIATION after Gilure fu� th�ce tuunlhs lo m;�kt airy ol said
<br /> paymcnls or bc lIl(CL`OIUIllI15 III ll(fl'81S 111�77:II(Iflb 5811I IIIUIIUII}'�)JYItlI'IIIS�ur tu kcep and cumply a•ith thc agrecmcros and eunditiuns uf said 13unJ:
<br /> , dll���Ufl�'J�;VI�KfL`l'S Ill�19V1':1 Il'Cl•I1'Cf�P��III(Cl��Uf��1N'li�l ill Slil'�I�UICI'�USIIII'()IUCCC�III�S.
<br /> � � I(�hcrc is any change in ownership of�hc real esLitc mnr�gagcd herciu,by salc ur u�henvisc,ihen Ihe cnti�c remaining inJebtcduess hercby
<br /> secured shall,at lhe optiun of The Gyuitable IiuilJing and Luan Assucia�iun o(Grand Island,Nubrasl.a,becume inunediutdy due and payable withuut
<br /> o �� fuclhcr notice,and tlic amount lCI0�111117�'IIUC IIf1lICf&711I I)OtIII,JI1lI 811y'Ulllff I1011(I�O(9I1}'OIIlIlU0f1flI BIIYdI1Ct5 I1tilIC lI1CfCUI1lI[��shall,Irom lhc
<br /> �y, � ll�ll'0�CXCICISO O�S:IIfI O�)IIUII�bCBf IIIICfCSI 8l IIIC I718%III111fI1 IL•�8I NIC,�IIII IIl1S IIl(lf��;8t',l'I71'dY 1I1C0 bC�UfCCIUSCII IU S➢IISPY(IIO Bfl1011�ll IIUC UIl 5811I
<br /> bond,and any olhcr bonJ fur adJilionul�dvanccs,togelhcr with all sums paid by saiJ l hc liyuitablc�uilJing and Louu Aswciatiun uf Grand Islund,
<br /> Nclttaska for insurunce,lllXCS 811/I�SSCYSIOCIIlS,U111I AbS�(8L'llfl({C%�CIISIUO CI1;itKC3,with inlenst thc�con, lium datc ol pnymen� at the maxitnum
<br /> legalrate.
<br /> F ; As pruvided in ihe Uund secured hereby,w�hile this murtgagc remains in r(feci the murt6agce may hereuller advance additlunal sums tu ihc
<br /> makers of said Uond,Ihcir assigns or succeswrs in intrrcs4,which sums shall bc within thc securily of tliis tnorlgaga Um�ame as die fundy mibin;dly
<br /> secured thereby,the tutal arnoum uf principal deb�nut w exmed at anq time thc original amount of this mortgage.
<br /> n�<<�n,�s 5 th a�y or May � ,�.u.,i v 76
<br /> - -� /S../'M � ��iv`P /� !��`..1'�:��..� .....y ��.� ��,�.�� ..,.�..`_.a��
<br /> Jim . Schm' t 'T�� Christine A. Schmi�t
<br /> STATB OF NGISRASKA,
<br /> COUNTY OP HALI.�Ss. On tl�is 5th ��y�� �4ay �9 76 ,bclbrc mc, u�
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<br /> the midersigneJ.a NoWry Public in and fur said County,persoually came .°'� � �
<br /> Jim D. Schmidt and Christine A. Schmidt, each in his and her own rieht and as spouse of � ..
<br /> �_ 27Ch other, WY�u dre persunallyknuwntu � �
<br /> i rdc to be the identical person S whose nvme S are a(Ilxed lo ihe abuve instrumonl as'uotljgago and they sevcrally � +ct` S `
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<br /> . g irumcnt t�c thei r vulu�rtury act and Jccd. � . � -� � .
<br /> ackDowlcd ed the s;uJ ms
<br /> , and Nolarisl Scal Ihc datc�forcsaid. � ) / !�?
<br /> . � ..... ��.... .. htyCommissivnnnd irc � -,, �A,�,� �///� -y � �.
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<br />�7!; . � 373;2M �--. . .___�,;� /�`��l''Z�, . � ��/7 7� �� NaluryPurli�-
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