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<br /> 76-002866
<br /> �,�nRTGAGE
<br /> MOR'fCAGE LOAN N0. L 22.�45
<br /> rKNOWALL'dENBYTHGSBPRFSENTS:Thet Donald L. Buelt and LaVonne N. Buelt, each in his and
<br /> her own right and as spouse of each other,
<br /> ,. ; ____—__—Mortgagor_whetheroneormoro,(nwns(deretionoftheaumof
<br /> �entv-six Thousand and No/100------------- -�------ �oLLA�s `
<br /> loaned to suid mortgagor by The Equitab(e Building and Loan Aesociation o(Crand tsland,Nebraska,Mortgagee,upon Z6� shaces of atock of
<br /> said ASSOC1AT10N,Certiticate Na,L 22,145 ,do heceby grent,convey and mortgage unto the said ASSOCIATION.the"following
<br /> i descrtbed real estate,situated in Hall County,Nebraska: '
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<br /> EAST HALF (EZ) OF LOTS ELEVEN (11) AND THIRTEEN (13)
<br /> '; IN BLOCK TWENTY EIGHT (28) IN GILBERT'S THIRD ADDITION
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<br /> TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
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<br /> together with all the tenemmts,I�ereditaments and appurtenances thereunto 6eton�ing,including attuched ilour coverings,all window ureens,
<br /> �t window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and watec equipment and accessor:es thereto,pumps,stoves,
<br /> reGigerators,and other fixtures and equipmen[now or hereafter attached to or used in connection with said real es[ate.
<br /> And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall nnd will pay all taxes and assessments levied or
<br /> �; assessed upon said premises and upon this mortgage and the bond secured th£reby 1�efore the same shall become detinyutnt;to furnish approved
<br /> insurance u on the buildin on said remius siwated in the sum of 5 26,Ol�.flU
<br /> `, ASSOCIATION the policizssfor said insu�ance;and not to commit or pernut any waste un o Pabout said premisesSOCIATION and ro deliver to ssid
<br /> 6�case o(default in the performance of any o(the teems and conditions of this mortgage or the bond secured here6y,the mor[gagee ahall,
<br /> on demand,be entitled to immediate possession of the mortgaged premises and the mortgagon c�reby as:igns, trarufers and sets over to the
<br /> mortgagee all tlte rents,revenues and income to be derived from the mortgaged promises during such time as the mortguge indebtedness shall temain
<br /> ,'.j unpaid;and the mortgagee shaU have the power tu appoin[any agent u�agents it may desire for the purpose of repauing said promises snd renting . �� .
<br /> the same and collecting the rents,revenues and income,and it may pay out oC said income all expenses of repairing said premises and necessary
<br /> commiuiona and expenses incurred in renting and managing the same and of collecting rentals there(rom:the balxnce remaining,if any,to be � � �� � � -
<br /> applied toward the discharge of sxid mortgage inJebtedness;thcse rights o(the mortgagee may be exercised at any time during tlu euistence of such
<br /> de(ault,irrespective of any temporary waieer of the sama
<br /> These Presents,howev:r,are upon the Condition,That if the said Mortgagor shall�epay said loan on or beCore the maturiry of said shares by
<br /> payment;puy monihly to said ASSOCIATION o(the sum specified in the pond secured here6y as interest and principal on said loan,on or before � .
<br /> 3 the Twentieth day of each and every month,wdil said loan is fully paid;pay all taxes and assessments levied against said premius and on this Atortgage
<br /> and the Dond secured tt�ereby,beFore delinquency;fumish approved insurance upon the 6uildings thereon in the sum oC 5 2(�QQQ.QQ payable .
<br /> to snid ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid(or such taxes,assessments and insurance with interes[a[ -
<br /> the tnaximum legal rale thereon from da[e oC payment all uf which t�torlgagur hereby agrees to pay;permit no waste on said premises;keep and comply � � � � �
<br /> with all the agreements and conditions o(the Bond for 3 26,��0.��lhis day given by the said Aiortgagor to said ASSOCIATION,and wmpty
<br /> wilh all the requiremenls of the Constitution and Dy-Laws of said ASSOCIATION;then these presents shall become null and void,othenvise they
<br /> sl�all remain in full(orce and may be foredosed at the option of the said ASSOCIATION after failure fo[ threc months to make any of said - .� � . �
<br /> '� payments or be thcee moNhs in arcears in making said monlhly payments,or tu keep and comply with lhe agreements and cunditions of said Dond; . � . � - �
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<br /> and Mortgagor agrees tu have a receiver appoinled Curthwith in such(orecloe�re pruceedings. -
<br /> If thcre is any change in uwnership of the real estate murtgaged herein,by salc or otherwise,then the en[irc remaining indebtedness hereby
<br /> secured shall,at lhe option of The Equitable Building and Loan Association o(Grand Island,Nebraska,become immediately due and payable without
<br /> further notice,and the�moun[cemaining due under said bond,and any other bond for�ny additional advancet made thereunder,stmll,from the - � �
<br /> date of exercise of said option,bear inlerest at the mdximum legal rate,and this murtgage may then be(oreclosed to sntisfy the amount due on said
<br /> bond,and any other bond for adJitional ndvances,togethec with all sums paid by said The Gquitable Building and Luan Association o(Grand Islxnd,
<br /> Nebraska for insurance,tuxes xnd assessments,and abstracting extension charges,with inte�est thereon,from date of payment at the maximum
<br /> legal rate.
<br /> As prorided in ihe dond secured hereby,while this mortgage cemains in efiect ihe mortgagee may hereafter advance additiunat sums to the
<br /> makers of said Uond,their as�igns or successors in interest,which sums shall be within the securiry u(this murtgage the same as the funds originally
<br /> secured thereby,the rotal amount of principal debt not to exceed at any time the original amount of tlus mortgaga
<br /> Dated this 2�th day of ��dY A�D.,l9 �6 ; .
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<br /> � /�'�� �,�rJ�-"�t' �J• �Ja Lc«('�
<br /> ona . ue a��e—IV�' u3—e��
<br /> STATE OF NEBRASKA .� On this da of l9 ,before me,
<br /> i � . 27th Y May 76 � `
<br /> COUNTY OF HALL ;�
<br /> � the undersigned,a Notary Public in and Cor said County,perwnally c�me � ' ``� �
<br /> Donald C. Quelt and LaVonne N. Buelt, each in his and her own � �
<br /> right and ss spoue of each other who dre Personallyknuwnto �
<br /> ��' . me to be the identica!perso� whose name 5 affixeJ to the above instrument as or S and th2y severally `'
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<br /> acknowledged the said instrument to be thei r voluntnry act and deed. ^A �
<br /> � WITNESS my hand and Nolarinl Seal the dute aforesaid. /%/.�/
<br /> �, M1ty Commission axpues Z/�A,'2 �`iG. . . .
<br /> � ... — YL�vr �
<br />� 3�132M EG�� �'i "v � ��� I �� /�i �� /%' Notary Public
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