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<br /> n�oRrc,nce
<br /> ----- AtORTGAGI:LOAN N0. L ZZ,304
<br /> � I:NOWALL�1HNOYTH@SEPRL'S13NTS:That Thomas J. Kraft and Mary J. Kraft, each in his and her
<br /> own right and as spouse of each other,
<br /> A1orlgagor,whether one ot mure,in consideration of the sum of
<br /> Thirteen Thousand Five Hundred and No/100----------------------------------------- po�[.nas
<br /> loaned to said mortgagor by The liquilable I3uilding and Luan Assuciation of Grand Island,Nebraska,t�torlgagee,upon 135 shares of stock of
<br /> � said ASSOCIATION,Certificate Nu.L 22 3(�4 ,Jo heceby grant,coirvey and murlFage unto the said ASSOCIATION the following
<br /> : descri6eJ real es�ate,situated in flall Cuunty,Nebraska:
<br /> LOT FIFTEEN (15) IN SCHEEL'S SUBDIVISION, QEING IN A
<br /> PART OF THE SE;SW4 OF SECTION 32, TOWNSHIP ELEVEN (11)
<br /> NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., IN HALL
<br /> j? COUNTY.
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<br /> . together witli all the Ienentents,hereditaments and appurtenances�hereuntu belunging,including euached iluur cuverin;s,all window screens,
<br /> � window shades,blinds,storm windows,a�vnings,heating,air conditiuning,and plmn6ing and wuter eyuipment and accessories therem,pumps,stoves, �
<br /> re(rigerators,and other Gxturcs and equipment nuw or hercufter attached to ur used in connection wid�said real estate.
<br /> And whereas the s�id morigagor has ag�eed anJ docs hereby aerce tliai thc morigagor shall and will pay all�axes and assessments levied or
<br /> �.� assesred upon sxid premires and upon this mortgage and�he bund securcd thereb}�belbre the same shall berome delinquent:to Fumish:�pproved .
<br /> insurance upun the buildings un said premises situated in the swn ol S �3,500.QO pa5'able tu said ASSOCiATION nnd to delit�er lo said '
<br /> .r � ASSOCIATION the policies fur said insuranee;and not tu commit or pzrmit any waste on or abutn said premises: �
<br /> t In c�se of default in the perCormance oC any nf the trnns and conditiuns uf this murtgage or the bund secured hereby,the morigagee shall, .
<br /> on dcmand,be cntiticd tu immediatc pussession uf the mor�gaged premises and the murtgaRur hereby assigns, transfers and sets over tu the ��
<br /> �� mongagee all the rems,revtnuas and incume tu be derived from the mortgaged prcmises during such time as the mortgage indebtedness shall remain
<br /> unpaid:and thc mortgagee shall have the puwer�u appuini any agent or agents it moy dcsire tor the purpose of repai�ing said pcemisea and renting
<br /> � [he same and collecting ihe rents,revenues and income,�nd it may pay out of said incume all expenses o(repairing mid premises and necesmry �
<br /> � cummissions and e�penus incwreJ in renting and manacing�he same and oi coliecting ren�als therefrom; the balnnce renmining,if any,to be
<br /> � applied�oward ihe discharge of s�id mon@age indebtednesr,these�iehts ol the mongabec may be exereised at any time during the existence of such
<br /> dclauh.irrespective n(any icmporary waiver of�hc same.
<br /> Tht�e Preunts.ho�.ecvar,are upon the Cundition.'that if ihe saiJ 111ortgagor shall repaq said loan on or btforc the ntaturity of tsid shares by
<br /> p�yment;pay montlil}�tu said ASSOCIATIO\of dir sum speciGed in the Bund secured hereby as intemst and principal un said loan,on ur before �
<br /> . thc Twcniieth da}'uf each and evcn�momh,until s�id luan is iully paid;pay all taxes and assessments Iz��ied against s�id premiscs and on this�turtgage
<br /> �� - and the�ond secured�hereby,beli�re delinyuenty:(urnisl�appruveJ insurance upon the buildings thereun in thr s'um oC$ �3�SQQ.QQ payable
<br /> to said ASSOCI,�TION;repay to s�id ASSOCIA'I't0\upun dcmand all money by it paid!ur su,L tases,asse�vnents and insurance H•ith interest at �
<br /> the nuxintum legal r;fte thereun frum dare ol paymem all o(which Atortgagor herrby�grees�u paq;permit nu waste on said premises;Aeep and comply
<br /> with all thc agrcrmcn�s and cunditiuns ul thc Bund for S �� 500 Q(�this day gican by the said�tortgagur tu snid ASSOCIATIO\,and comply .
<br /> - with all the rcyuiremcnts u(the Constitution and By�L�ws u ��aid AS',ULIATIO�:dien these prcsents shall bacome null and vuid,mhen��ise they
<br /> "y shall rcmain in full foree and may ba�ureduud a�the up�ion u(tfie said ASSO('IATION a(ter (ailwe lur three muuths tu make any of said
<br /> . paymems ur be ihree munths in ancars in making said munthly payrnents,ur w kcep and cumply�riih the agrcemants and condi[ions of saiJ Bond:
<br /> �nd 1lortgagur�grces tu hare a receiver appuiNed(orthx•ith in such Imeclusure proceedings.
<br /> i�� II thcre is any change in uwncrship ul the real estatc morigaged herein,by sale ur udienvix,then tha entire remaining indebtedness hereby .
<br /> - xcured shall,al the op�ion of The C•yuitable building and Lu�n Aswciatiun of Grand Island,Nebraska,become immediatety due and p�yable a�ithout
<br /> �,; further notice,and the amounl remaininE due under said bond,and any uther bond for any additional advancee made thereunder,shull,frum the
<br /> da�e uf exercise uf said option,bear intercst at the maximwn Irgal rate,and this murt�;�ge may then be foreclosed to satisfy the xmount due on said
<br /> bond,and any ulher bund(or aJditional adrances,togedier with xll sums puid by s�id 1'he Gyuitable Building xnd Lu�n Associatiun o(GranJ Island,
<br /> Nebruska for insurance,taxes and assessments,anJ abstracting extensiun ch�rgrs,widi interest thereon, from date ul'p�yment at the maximum ,
<br /> Icgal rate.
<br /> As provided in the f3ond secured hereby,�vhile�his murtgage remains in e((ect d�e mortgagee may hereafter advance additiunal sums tu the
<br /> makcrs of said ifund,their assigns ur succeswrs in intcrest,�ahidi sums shall bt�sithin thc security oC this murtgage the same us the funds originally
<br /> � secured thereby,the total amouN of principal debt nut to exceed at any time the uriginal amount o(this murtgage.
<br /> ; ��'a '��'n'S 23 d �>' � Au us t ^ ��,�'' 76
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<br /> - ,�/i ,c�_�.z,;�l.-_ ���`
<br /> �. Thomas J. f:ra .' ''��ary J..�Kt` t �
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<br /> ,. STATE OF N6BRASKA,� .5 On ttiis 23rd day af August 19 �6 ,before me, I
<br /> COUKTY OF fIALL � , i
<br /> . the undersigned,x Notary Public in and ibr said County,personally came
<br /> ihomas J. Kraft and t4ary �. Kraft, each in his and her own right and as spouse of each �N .
<br /> other, ~�7O are Persunally known to � �
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<br /> me to be d�e identical person S whose name 5 affixed to the above inst rtrnt-a mortga6or 5 �0, they ��'era(ly d,,
<br /> � acknowledged the said instrument to be thei r ��uluntary act and deed. r'
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<br />�.� ��- ���- --ALT'�lSS.my..11i�d and Notarial Seal the dute afore:aid. 1 /-�� �� ��
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