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<br /> �. ' 76- OQ5I18 � ;;
<br /> �t : MORTGACE ; i F;
<br /> y.:.` MURTGAGE LOAN N0. L ZZ�Z55
<br /> � ' KI�OWALLAIGNBYTHGSEPRLSENTS:'fhat �OhO W. Schraeder and Caro1 A. Schroeder, each in his and r r
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<br /> h8t` OWO P3 Flt':d►Id.:dS' S 0115@"Of BdCII OtI101'� Mort or,whetheroneormore,inconsidentionotthesumof . � �
<br /> 9 P s�s
<br /> Thirty five Thousand.Six Hundred and No/100--------------------------- -----------�Ly�� �
<br /> �; ' baried to aaid mortgagor by Thc Hquitable Building and Luan Aiiocution of Grand Island,Nebraska,Mortgagee,upon 356. sharta of stock of
<br /> � said:i4SSOCiATION,Certific�te No.L:22 �5 ,do'lterebygrant,'comey and mortgase unto the said ASSOCIATION the following ; �
<br /> described real:utate;silusted�in Hall CuuntyrNe�raska:
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<br /> LOT NINE (9) IN LE HEIGHTS FOURTH (4TH) ?, :
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<br /> SUBDIVISION, HALL COUNTY, NEBRASKA. �
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<br /> together with ap the tcnemrnts,hercditamrnts and appurtenances Oiereunto belonging,including attached iloar wvedngs,all window screens, +
<br /> ;� window shadea,blinds,storm windows,awnings,l�eating,air conditioning,and plumbing and watercquipmen!and accessories thercto,pumps,stoves, �
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<br /> rcfrigerators,and oQur fixtures and equipmrnt now or hemafmr attached to or useJ in connection with said rea!estata I
<br /> And e�hcreu the said mortgagor has agrecd and doa hereby agrcc that the mortgagor shall and will pay a0 taxe:and asussmmts levied or �. ', '
<br /> auesud upan said premises and upon this mort�ge and the bond:ecured t�j e1 e6 I�efore the same shall become delin urnt;to furnish a roved " �
<br /> insurance upon tfio builJings on said p�emiscs situamd in dm sum of 5 35�6U0 Y�0 payable to safd ASSOCIATION and to delitiKrPtu s.id.
<br />�� , ';SS�1:.TfGN Ihe puIicie:for said in:urance,and not to mmmit or p:rmit any n�aste an or about said promises.
<br /> In cau of deCault in dm rformance of an of the terms and conditions of tlus moet e or the bond ucund hercb tht mon �
<br /> P� Y 6�B Y� ga6ce ahall,
<br /> on demanJ,bc rntitled to immediate posussion of the mortgaged premixs und the mortgagor hereby assigns, trana(ers and sets o�Yr to the
<br /> morigagee aU tlic rent:,revenues and income to be derived lrom the mortgaged premius during such time as the mongage indebtedneu shall remain f "
<br /> _ unpaid;and lhe mortgagee sl�all have the power to appoint any agent or agmts it tnay desire for thc purpom of repauing said premises and rcn!ing ! r ': '
<br /> _ . ... �. the same and wllecting the rents,revenues and income,and it mny pay out of uid�income all�expenses�of repeiring mid premises��nnd neassary�.�- -
<br /> cummissions and expanus incurred in renting and managing the same and of collecting«ntals thercCrom:the balance rcmaining,it any,to be s
<br /> : ; applied taward the diuharge of said mongage inde6tedneu:these rights o(the mortgagee may be exerciud at any time during the existena of such
<br /> � default,irrespective of any tcmponry waiver of the sama
<br /> Theu Pmsents,hou•evcr,are upon the Condition,That if tLe said lfort�gor shall rcpay said loan on or before the maturiry of uid shares by
<br /> paymcnt;pay monthly ro said ASSOCIATION of the sum specificd in the Bond sewred hereby as interest and principal on said loan,on or beforc
<br /> ' �he Twentieth day of each and every month,umil said loan is fully paid;pay all taxes and asussment:le�ied againit said pcemixs and on this�tortgage
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<br /> and the Dond secured thereby,befom delinquency;fumish approvcd insurance upon the buildings thereon in the sum of S$5�60�.OO payable
<br /> ' to said ASSOCIATION:repay to said ASSOCIAi'ION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> ', the maximum Icgal ram thercon Gom date of payment all of w•hich�lortgagor hereby ag�ea to pay;permit no waste on said pmmim:;keep and wmply
<br />� tivith ai!tli:a;reements ar.d caaditicr.;cf t:c Qord for;$5,f)00.OO I�tiS day givrn by lLe said Afortgagor tu said ASSO(:IATION,and comply
<br /> ;� wi�h all the rcquirement:of the Constilution and DyLaws of said ASSOCIA'CIO�:then theu preunts shall become nul!and void,otherwise they
<br /> shall rcmain in(ull fora and may be(oreclosed at thc option of thc said ASSOCIATION afmr la8urc for three months to make any of said
<br /> paymrnts or be three months in ar�ars in making uid monthly payments,or m keep and comply with the�greements and conditions oC said Bond;
<br /> � and Afortgagor agrees to have a rcaicer appointed(orthwith in such forcclomre proceedings.
<br /> � If there is any ctunge in ownerahip o(the rcal eslarc mortgaged herein,by salc or othcrx•iu,then the rntire remaining iadebtedneu hereby
<br /> xeurcd atiall,at the option of The Equilable fiuilding and Loan Association of Cr�nd Island,Nebaska,become immed'w[ely du�and payable without
<br /> further natice,and the amount temaining due under said bond,and any other bond for any additlanal advances rsude thercunder,shall,from the
<br /> date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be Corcclosed to satisfy thc amount due on said
<br /> � bond,and any other bond for additional advances,together with all aums paid by said The Equite6le Building and Loan AxsociaUc�nf Gre.^.d isiuid,
<br /> ,;�` Nebraska(or insurana,taxes and asscument:,and abstraMing extension charges,with intemn thereon,fram date of payment at the maximum
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<br /> As providcd in the[3ond securcd hereby,while this mortgage rcmains in e(kct the mortgagee rtu�y hercatter advana additional sums to the
<br /> makers of said Band,thcir aui�uu or succcasor:in intemst,which sums shall be wi[};in the security of this mortgage the same as the(unds otiginally
<br /> sceurrd t eby,the total amount f incipat debt not to exaed at any time the ariginal amount of thls mortgaga
<br /> :# n aeni: 23r aay�r� July ,�.n..iv76
<br /> •': o n .'. chr,ed r � C o�hroeder
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<br /> STATE OF NEBAASKA, ss. On this 23rd day of ���Y 1976 ,before me,
<br /> COUP'1Y Of HALL}.
<br /> he nd rZ ed,a tacv Public ln apd r said ounty, rsonally ca e '"�� yy,j�;
<br /> John V1. Schroeder and Carol A. Schroeder, eac� �'n �his anc��er own rig�i� and� as spouse o�' , ;.- � �,
<br /> j E?dCh Ot{70T'�. 'I�?�`-r`<. �•ho dP0 Perwnallyknownto r � �� ,,
<br /> �S �me to be the identical person5 �whose es Ld�e Q j`�Ctixed to the abo�2 instrutnent u martgagw S and th2y uvenliy , . w x�-;
<br /> acknowledged the aaid initrument to be 'I.M t,tvdUntary ac,{'�nd deed. (� �`�
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<br /> ; Afy Commi:sion expirc � �� + '
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<br /> '' , � Notary Pubiic
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