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<br /> �fORTGAGE LOAN N0. I 77.455
<br /> KNONALLMGNBYTHESEPIt@SGNTS:That Mark D. Stelk and Wanda Lee Stelk� 2dCh tfl h15 dild h2P
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<br /> own right and d5 SPOUS@ of each other, (�tortgagor,whetheroneuemore,inconsiderationo(thesumo(
<br /> Twentv five Thousand Five Hundred dlld NO/�00----------^------------'-"-""-"" DOLLARS
<br /> loaned to said mortgagor by The Gquilable Duilding and Luan Association of Grand Island,�ebraska,t�tortgagee,upon 255 shares of srock of
<br /> said ASSOCIATION,Certificate No.LZP,355 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> described rcal es�ate,situated in tlall Counry,Nebraska:
<br /> LOT TWELVE (t2), IN BLOCK ONE (1),
<br /> It4 SOTHMAN'S SUBDIVISION IN THE
<br /> CITY OF GRAND ISLAND, NALL COUNTY,
<br /> NEBRASKA.
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<br /> . fogelher witl� all ihe tenements,hereditaments and eppurten�nces thrreunto belonging,including attached Iloor coverings,all window ureens, �� - � � �
<br /> window sl�ades,blinds,sWrm winduws,awnings,hea�ing,air cunditioning,and plumbing und water eyuipment and acceswries thereto,pumps,stoves, .
<br /> refriger�tors,and odier fixtures and eyuipment now or herea(ter at[ached to ur used in connectiun with said real estate.
<br /> And whercas�he said mortgagor has uereed and doet hemby agree that the mor[gagor shall and will pay all taxes and assessmrnts levied or . �
<br /> assessr.d upon said premises and upun this mortgage and the bond se e i re}�before the same shall become delinquent;to Cumish approved
<br /> L`� inwrance upon the buildings on said peemiscs simated in the sum of��e���•uu p�}'able tu said ASSOClATION and to Jeliver ro said
<br /> 4`� ASSOCIATION the policies for said insu�ance;and not to commit or permit:�ny��'aste on ur about ssid premises � .
<br /> In case oF de(ault in the performance oC any of the[erms and conditions of this mortgage or the bond secured Lereby,lhe mortgagee shall, � . �
<br /> cm demanJ,be entiAed w immediate possession of the morteaged premiscs and the mortgegor hereby assigns, transCers and sets over to Ihe
<br /> mortgagee all the rents,revenues xnd income to be derived from the morte�ged premises during such time as the mon@age inde6tedness shall remain
<br /> - unpaid:and the mortgagce shall have the powrr to appoint any�gent or agents it may dcsice fur the purpose of rtpairing said p�emises and renting
<br /> �� �. the same and colL:cling the renis,revenues and income,and i[may pay out of said income all expenses ut repairing said pcemius and necessary . �
<br /> commissions and expenses incurred in centine�nd manxging�he s�ma and o(cullectinc�entals UiereFmm:the balance temainin6.��Y.to be _ .. ___
<br /> � applied loward the Jischnrge uf s;�id murtgage indebtedness:these riglris of the mur�gagee m�y be exercised at any time during the existence of such
<br /> de(aull,irrespecti�'e ol any temporary waicrr o(the same. � .
<br /> ' Thcse Presems,hou�e�•er,are upon the Condition.That if the said�fongagor shall repsy s:�id loan on ur before the m:+writy ot said shares by � �
<br /> t�� � p�ymenL'pay momhly to said ASSOCIAT101 of the sum specified in the Bund secured hereby as interest and principal un said loan,on ur befure .
<br /> � the T��entieth day of each and evcry month,until said loan is(ully paid:pay all taxes and assessments levied a,xinst said premises�nS on thi:�tortgage �
<br /> `� � und the Bond seaued theroby,before delinyuency:furnish appruved insurance upon the buildings thereon in t1�e sum of S25�5��.�� payable �
<br />� �?� � to said ASSOC1A770N:repay�o said ASSOCIATtO\upon demend a11 muney by it p�id tor such eaxes,assessments and insurance with intercst at .
<br /> 4- . �� the maximum legal rate thereon from date of payment all of which\turleagor hereby agrces to p�y:permit no waue on saiJ premisos;keep and comply
<br /> � - w�ith all ihe ag�eements and conditions of the 6ond for S Z5.5��.�� �his day given by the said Aturte,ngur to said ASSOCIATIOy,and comply
<br /> ,� � with�II the requi�ements oC the Consiitution and ByLaws of said ASSO(:IAT10ti;then these presents shull becomo null and void,utherwise thoy
<br /> �� � sh�ll�em:�in in tull force and ma}•be forzcloxd ai ihe optiun of'the s�id ASSOCIA7'ION aC�er failure ior three monihs to make any of said
<br /> payments or bc ihree mumtis in ancars in making said mon4�ly payments,ur to keep and cumply witli�he agreements anJ anditions o(s:�id l3ond;
<br /> and\tortgagor agrees tu hare a receiver appuinted fordiwith in such foreclosure proceadings.
<br /> If�here is any change in ownership of the rcal estace mor�gaged herein,by ule o�otherwise,then the entite remnining indebtedness hemby
<br /> secured sh�ll,at the optiun o(The Equitable Building snd Loan Aswciatiun uf Crnnd Island,Neb�asl:a,becume immediately due and payable withuut
<br /> furlher notice,and the amount remaining due m�der s:�id bund,and�ny other bond(ur xny additionnl adrances made thereunder,shall,from the
<br /> z� da�e of exercise of s:+id optiun,bear inlerest at die maximum legel rate,an1 this mortgage may then 6e foredosed to sati:(y the amount due on said
<br /> � bond,and any other bond for addition:tl adeances,together with all sums paid by said The Equitable Building and Luan Associatiun uf Crand Island,
<br /> t!� - Nebraska for insurance,taxes and asussmcnts,end abstracting exlension charges,with intemst thereon,(rom date of payme�u at the maximum
<br /> � legal�atc.
<br /> ' �� As proviJeJ in the I�ond secuced hereby,while this murtgage remains in effect the mor�gagee m�y hereatter advance additional sums to the
<br /> � m�kers u(said Bond,lhei�asiigns u�successors in intereil,which sums shall be within the security of this mongage the same as the(unds originally
<br /> - ucu�ed ihemby,the totul amount o!principal drbt nol tu exceed at any time the ori�inal amount oC this morlgage.
<br /> �_ ' ���ra a��5 30th September 76
<br /> day uf A.D..19
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<br /> i G��� �) ���7_c•�.— -�r.�•/ii 7� ���,
<br /> Mark D. Stelk 'Aanda Lee S etk
<br /> STATE Of NEBRASICA,( 30th Se tember 76
<br /> ss. On llus day oF �-• 19 ,befort me,
<br /> COU4TY OF HALL J j
<br /> - the undertigned,a Nutary Public in and[or said County,personally pme
<br /> t4ark D. STelk and Wanda Lee Stelk, each in his and her own right and as spouse of eacn • ~ N`';:
<br /> other, ��'h� are personallyknownto -
<br /> � me Io be ihe idmtipl permn g whox name S dre affixed ro tht above i� ment mortgagoc g and the everxlly � •
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<br /> � � acknowledged t6e said instrument to be thei r voluntaq•acl and deed. �, � t�' `
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<br /> t . �� �}�qT1CLS5lltyh�tA and Notarial Seal the date a(orcsaid. \ � j ��
<br />>?� i 41y('4mm�iswn e�ipires "'�� .
<br />�.�. � ..���`a „��ur,::n.i,i:.�;,.�. ,otary Public
<br />� � s.�.:�,x� __��. /Y, /� 79
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