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<br /> ��" 006303
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<br /> AfQRTGAGGL0.4N?�0. � 22,398
<br /> � KNO�YALL?�tENBYTi1ESEPRESENi'S:That Dean C. Schuchman and Kay L. Schuchman, each til h1S dild
<br /> her own right and as Sp0U52 Of edCh other »�rtgagor,whetheroneormore,inconsiderationofthe:amof
<br /> Thirtv Thousand and No/100---------------------------------------------------------lloLLaRs
<br /> loaned to said mortgagor 6y The fquitable Building and Loan Association oCGrand Island,Rcbraskx,hlongagee,upon 3�0 slures of stock of
<br /> said.ASSOClAT10N,CertiGcaie Na L 22,398 ,do heceby grant,conrey and mortgage unto the said ASSOCIATION the folloa•ing � � � �
<br /> - descrihed real estate,situated in Hall County,'�ebraska: � � � �
<br /> LOT TWENTY-ONE (21), IN SASS SFCOND
<br /> SUBDIVTSION IN SECTION fOURTEEN (14)
<br /> TOWNSHIP ELEVEN (11) NORTH, RANGE
<br /> f:
<br /> NINE (9), WEST OF THE 6TH P.M., NOW
<br /> IN THE CITY OF GRAND ISLAIJD, HALL
<br /> �; " COUNTY, NEBRASKA
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<br /> ' together with aIl the [enements,hereditaments znd appurtenanus thereunto brloncing,inciuding attached�loor cuverings,all��indow xrzens. . . �
<br /> � windox�shades,blinds,storm�cinduws,awmngs.he3tinc,air conditionine,and plumbing and�eatei equipment and accessories thereto,pumps,stoves, � �
<br /> refrigeratore,and o[her tiaturcs and equipment now or hereaiter attached co or used in connectien«'i�h said real estate. �
<br /> �� And u�hcreas the s�id moct�,agoc has ayeed and doci heraby agree that the munc�gor shsll and will pay all t�xes and assessments levied or �
<br /> assessed upun said premius and upon this mortgaer xnd the bond srcured cherebe 6efore the s�me�l�all bzcome definqurnt:co turnish epproved . �
<br /> insurance upon�he buildings on sxid pcemisrs sl�ua[ed in the sum of 5 3O���Q.�� p�pa6le to s�id ASSO(:11T10?� and to Jelit•er to said
<br /> -. ASSOCIATION the polieies(or said insurance;�rd nat to commit o�permit any waste un oi about said premiser, ,
<br /> � In caie oC default in th:performance of am•ul the terms and cm�ditions of this mrnega@e or the bond secured l�ereby,the mortgagee shall,
<br /> . on demanJ,be entitled to immedi3te possession ui the moncaged premixs and th� murtgaeor here6y assig.ns, transfers and uts urer to the
<br /> mortgagee all the tents,revenues and inrome to be derivrd from tho moneaged premises durine such time as the mortgagz indebtedness shal!remain � .
<br /> unpsid:and the morteagee il�all}ure the pox�er tu appoint any ace�tl or aeents it mnp drsire ior the purpose of repairing said premises and renting
<br /> the samr 3nd collecting the rents,�e��enues and income,and it m�y pay out of suid income all expenxs o(repsiring said premises and necesssry .
<br /> ' cummissiens and rxpenses�uurred in renting and managing the samz anJ ui cullccting rcn�als chcrefrom;thc batance remaining,if sny,to be � � � �
<br /> applied toward the dischuge of said mungage indebtedness:thrse rielus uf the mongag.e may be exercised at am�time during the existence oi such
<br /> :. defa�l�,irresp�ctive of any temporarv w�ai�'er uf the ssma.
<br /> - Thrx Yrcsen�s,ho��•ecer,are upun if;e Cundition."Chat i(the said�fon�nevr shali rep�y said loan on or beiore the maturity of said shares by ,
<br /> psyment;pay monthly to said ASS(KIA710\oi�he sum specified in thr Bond secu:rd lizreoy as ir�terest and principal on said loan,on or beiure
<br /> � ihe T��'entictl�da�of rach and erery mondi,until said lo�n i:fully paid;pay ail tases anc sssessments ledad eeainst s.id premises and on this 9fortgage
<br /> � and the Bund scwred thcreb}',Uefote delinquenc)';I�umish approeed insu��nre upen tLe buildings thereon in chc sum of S3�,Q��.Q� Payable � .
<br /> � to said ASSOCIATIO\:rcpay to s�id ASSOCL�TIOV upon dem�nd all money by it p�id(ur such t�aes,asstssments and insurance with interest at � .
<br /> �. the miKimum Izg�l rate theieon irom date af paymrnt all ot u�iiicn 9furtcaeor hereby��grees to pay:permit nu�easte on said premises;keep and comply �
<br /> s �rith�0 ihe agmements and conditiuns of the eond for S 30�QQQ.QQ tliis da� given by the said!�lortgaeur to mid,4550CIATION,and cumply
<br />� F. � u�ith all�he mquircmcnts uf thr Cunstitution xnd B}'-Laws o(said ASSOCIATIO\:then tl�esa presenti shall bzcome null and soid,otherv.�ise they .
<br /> stiall remxin in full force and maq be foiecluxd at thr uption of the s:iid ASS(KIATIOV efter Cailure ior threr muntlu w mxAe any of said
<br /> � paymems or ba thrre munths in arrcars in making said munthl��psyments,ur to krep and cumply���i�h the agreements;tnd conditions uf said Uond;
<br /> � �nd 11o�tgagur acrees w have a�ecei�'er appuinted Corthu�ith in such fureclosure proceedings.
<br /> 6� If there is any changr in ownersliip of the real estate mon�eed herein,by sale m uther�rise,then the entire remaining indobtedness here6y
<br /> � ucured shall,at the uption ut The fiyuitable Building and Loan Association uf Grxnd lslm�d,\eb:aska.becomt unmediately due and payab(e withuut
<br /> furthor notice,and the amuunt remauiing due under vid bond,and any other 6ond fu�any addition3l ad�ances made thereunder.shall,from the
<br /> date uf exercise uf s:id optiun,bear interest zt the maximum legal rate,snd this munesge m:+y then be lereclused to s:tisty the amount due on:aid
<br /> ,� bond,xnd any othcr bond for additionel adrances,together w�ith all sums paid by said The Equitable Buildine and Losn Association of Grand Istand,
<br /> !kzbrasF:x for insu�ance,taxes�uid assessments,and aosvactin@ extensiun charges.���ith inte�est thereon. I'rom daee uY paymant at the maximum
<br /> i�� lee�l ratr.
<br /> As pw��ded in the Bond s:cumd hercby,vrhile this murtgage unr.ins in efiect th�murtg�eee msy hereaiter adrxnc:aSditional sums to tha
<br /> � makea of said 6ond,their auigns ur mae�sors in mterrst,wtiich sums shall be within the srcucitq ol this mortgage the same as the(unds originally
<br /> secured thereby,ihr tutal amount uf principal deUt not m ezcred at any time the ori�inai nmount of this mortgage.
<br /> � Da�ed titis 2� day��t ctober n.p.,i`��6 .
<br /> �i, q �
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<br /> �. t; /!i '!41 GC�y( •"" 'j� N'�`L!.�.r�r n�.vf-.--�
<br /> ean . c uc man Kay�L. Sch4chman
<br /> STATE OF NEBRASI'v1. ss. On this 2$th day°f Oetober 19 ]( ,before me,
<br /> COUNTY OP HALL} i
<br /> the underygned,a Notary�Public in and iot said County,pecwnally came . , '��-��
<br /> Dean C. Schuchman and Kay L. Schuchman each in his and her own right and as spouse of each N �:`..
<br /> � otfier �eho dre Porwnally known to � ;
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<br /> me to be the identipl pecson S whose neme S are ait7xed to the abov nstr�um�nt as murtgagur5 and th2,Y scverally ,�
<br /> thei r colunta� , �- �
<br /> r � . acknowledged tLe said instrument to be y act and detd �;�/ � ) ��
<br /> . k7'R9FSSmy.�and and Notarial Seal the date afuusaid. � % .:! J �� (�f}
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<br />���� � �j �/ � !:otary Public
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