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<br /> �tORTCACGLOANNOL 2Z,338
<br /> KNOWALLMLI�DYTHI'sSEPRLSENI'S:That Frank A. Smollen and Alice P. Smollen, each in his and
<br /> � her own ri ght and as spouse of each other, �,�ortgagor,whether one or more,in wnsideration of the sam of
<br /> ' Twentv-five Thousand and No/100-------------------------------------------------- Do�tnes
<br /> loaned to said mortg•agor by The Gquitable Building and Loan Aswciation of Grand Island,NebrasF:a,hlortgagee,upon 250 shares of stock of
<br /> � said ASSOCIp710N,Certificate No.L�22�338 ,do heceby grant,convey and motigage unto the said ASSOCIATION the following � � _ � �.�
<br /> Jescribed real estate,situated in t1all County,�ebraska:
<br /> LOT EIGHT (8) OF NORTHWEST SUBDIVISION, COMPRISING A PART OF
<br /> THE NORTHWEST QUARTER OF THE MORTH6lEST QUARTER (NW�IWq) OF
<br /> �, :,' SECTION T4JELVE (12), TOWNSHIP ELEVEN (11) NORTH, RANGE T.EN
<br /> (10), 'r1EST OF THE 6TH P.M., IN HALL COUNTY, NEBRASKA.
<br /> ' ; -
<br /> :logethe� with all the tenements,hrreditaments and appurtenances themunto 6elonging,including attached lloor coverings,all window screens, .. � � � � �
<br /> i:w•indow shades,blinds,sturm windows,awnings,heaiing,air conditioning,and ptumbing and water eyuipment and accessories therero,pumps,stoves, � �. �
<br /> refrigcrators,and other�ixmres and eyuipment now oe herea(ter attached to or used in wnnection with said real estate.
<br /> And whereas the said mortgagor has agreed and does hereby agree tLat the mortgaEor shall and will pay all taxes and assessments levied ot �� � - � . �
<br /> aesessed upon said premises and upon 4�is mor[gage and Ihe bond secumd thereby befbre the same shall become delinquent;to furnish spproved
<br /> insurance upun the buildings on said ptemises situated in the sum of 5 25����.�� pa)'able to said ASSOC[A'f10N and to deliver to said � � � . �
<br /> ASSOCIATION the policies for s�id insurance;and not to commit or permit any waste on or about said premiur, � � . ��
<br /> In cnse of default in the performance of�ny uf the te�ms and condiiions oC this mon�ge or the bond sewred hereby,the mortgagee shall, - . � � . .
<br /> � un demand,bc entided to immediate possession of the mortgaged premises and the mortgagur hercby assigns. transfers and sets over to Ihe �� . . � - � �
<br /> mortgagee all the rents,rcvenues nnd income to be dcrived lrom the nrortgaged premises during such time as the mortgagz indebtedness shall�emain � � � � . . �
<br /> unpaid;and ihe murtgagee shall have the puwer w appoint any agent or agents it may de:im Cur the purpose of repairing said premises and renting - � � .
<br /> �'.�. . �he s�me•snd collec�ing the rrn!:,::venues and income,and it may pay oul of said incume all expenses oC repairing said premises and necessary ; � � � � . '
<br /> u.� commissions and expenses incurred in untine und managing the same anJ of collecting�entals therefrom;the balance remaining,it any,[o be ,. . . � ... . . :
<br /> � applied toward the discharge of s�id mortg�ge indebtedness;[hese rights oi the mor[gaeee may be exerciud at any time during the existence of such � . -
<br /> de(�ult,irrespective oC any temparary waiver of the same. . . �
<br /> �;,�.,, These Prnsen�s,however,are upon�he Condition,'fhat if the said ltortgagor shall repay said lo�n on or be(ore the maturity of said shaces by
<br /> payment;pay monthly to said ASSOCIATION o!thc swn�pecifled in ihe Bund secured hereby as interesi and principal on said tuan,on or before
<br /> a����i the T�ventieth day uf cach nnd every month,until said loan is fully paid;p�y all taxes and assessmcnts leti9ed against s:sid premises and on this!lturtgage � �
<br /> �� _ and the Bond secured thereby,before delinyuency;furnish appmved insurance upon the buildings thereun in the sum o�5 25����.�� payable � � ��
<br /> �, to said ASSOCIATION;repny to siid ASSOCIATION upon dem:�nd all muneq 6y it paid for such taxes,asseuments�nd insurance with interest a[
<br /> �, ; ihe maximum legal raie thereon from date of payment all o(which Afortgagor hereby agrees to pay;permit no waste on said ptemises;keep and comply .
<br /> with all the agrcements and mnditions of the l3ond for 525����.�� this day given by the said Dturtgagor to said ASSOCIATION,and comply � � � �
<br /> with all�he reyuirements of the Cunstitution xnd ByLau�s of said ASSOCIATION;then these presents shall become null and void,o[herwix they .
<br /> �' sliall remain in full force and may be ioreclosed at the optiun of the said ASSOCIATION after t;�ilwe for three montl�s to make any of said � �
<br /> °� �� payments or br three mon�hs in arrears in making said monthly payments,m to keep and compl��with the aereements and conditions of s�id DonJ;
<br /> :�nd Uortgagor agrees to have a receirer appointed fonhwiih in such furedusuce proceedings. .
<br /> a� � I(there is any change in ownersfup uf the real estate mortgaged herein,by sale or otherwiu,then the entice remaining inde6tedness hereby �
<br /> secured sh�U,at Ihe option of The Equitxble Building and Loan Aswciation of Grand Island,Nebraska,bemme immediately due and payable withuut
<br /> �i,. � further notice,and�he amuunt remaining due under s:�id bond,and any olher bond for any additional ad�znces made thereunder,shall,Gum[ht �
<br /> b date of exe�cise uf said option,bear interest at the maximum legsl rare,and Ihis murtgage may then be toredosed to satis(y the amoun[due on said
<br /> bond,and any othe�bond for additionnl advances,togelher wi�h all surtu paid by said The fiquitnble Building and Luan Associativn o(Grand Island,
<br /> � Nebraska for insurance,taxes and assessments,anJ abstracting extension chargei,with ir.teres[ thereon,fwm date of paymont at the ma�cimum
<br /> . lrgal rate.
<br /> � As provided in the Bond secu�ed hereby,while this mungage rern�ins in e((ect the mortgagee may herca(rer advance aJditional sums to the
<br /> makers o(said Uond,their�ssigns or succeseors in interest,which sums shall be within the security o(this mortgage the same as the furds originally
<br /> , xwred thereby,the total amoun�of principal debi not to exceeJ at any�ime the ori�inal amount of this mortgage.
<br /> ;�na����il�= 16th ��r�� September a•�•�`�76
<br /> %�-��i'� /'z� �/��- 7' ,��-,._-L�.�
<br /> FF�nTc A`�mo�
<br /> A ice P. Smol en
<br /> S'fATE OF NEURASKA, ss. On this 16th dav uf September 19�6 ,betore me,
<br /> CO(fNTY OF NALL�
<br /> ' � � the undersigned,a Notary Public in and Cor said County,personally cama �>+�.� :
<br /> Fra . len and Alice P. Smollen, each in his and her own rig�i�and as s�}qy,��yqf
<br /> I ��t�adh��ff ar.e oW�io �
<br /> mq td�e,{h�'ittlttti , whose name s are affixed to thc above instrument as mortgagor S and th2y se�xmlly
<br /> �hcknwrledged tfm�s�ydynrir�nt to be thel r vuluntary act and derd. �
<br /> (1 �, .
<br /> t{�: RWITA'��S liand and Notarial Seal the date a(oresaid. W '
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