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<br /> MORTGAGE
<br /> {` MORTGAGE LOAN NO. L 22�9�3
<br /> ` KNOWALLMENBYTHESEPRESENTS:That Gilbert H. Sautter and Faith C. Sautter, each ltl
<br /> his and her own right and as spouse of each other
<br /> - Mortgagor,whether one or more,in consideration of the sum of � . � �� .
<br /> ' Twentv Five Thousand and tJo/100----------------------------------------------- �LtAtts
<br /> loaned to said mortgagor by The Equitable Building and l.oan Association of Grand[sland,Nebraska,Mortgagee,upon 250 shares of stock of � � �. ��
<br /> said ASSOCIATION,Certificate No.L 22 973 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County,�lebraska: �
<br /> THE NORTHERLY THIRTY-ONE FEET (N31') OF LOT THREE
<br /> (3) AND THE SOUTHERLY FIFTY FEET (550') OF LOT TWO
<br /> (2) If� BUHRMAiY'S SUBDIVISION, AN ADDITION TO THE
<br /> CITY OF GRAND ISLANO, HALL COUNTY, NEBRASKA. �
<br /> � rogether with all the tenements, hereditaments and appurtenances thereunto belonging,including xttached floor coverings,all window xrcens, �
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and waterequipmentand accessories thereto,pumps,stoves, : . � �
<br /> � refrigerators,and other fixwres and equipment now or hereafter attached to or used in connection with said real estate. � .
<br /> And whereas the said mortgagor has agreed and does hereby agrce that the mortgagor shall and will pay all taxes and assessmenu tevied or � � � . � � '
<br /> � assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent:to furnish approved � �. � �
<br /> � insurance upon the buildings on said premises situated in[he sum of S Z�J��0�.U� payable to said ASSOCIATION and to deliver to said '
<br /> � ASSOCIATION the policies for said insurance;and not to commit or permit any waste on ur about said premises; � � �
<br /> In case of default in the pecformance of any of the terms and conditiuns of this mortgage ur the bond sewred hereby,the mortgagee shall, � � �
<br /> . on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the ' � � - � .
<br /> � mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain � � � �.�-
<br /> unpaid;and the mortgxgee shall have the power to appoint any agrnt or agents it may desire for the purpose oF repairing said premises and renting � � � �
<br /> , the same and coliecting the rents,revenues and income,and it may pay out of said income all expenus of repairing said premises and necessary . � � � �
<br /> commissions and expenses incurred in renting and managing the same and of collecting rentals thercfrom: the balance remaining,if any,to be �
<br /> applied toward the discharge of said mor[gage indebtedness;these rights of the mortgagee may be exercised at any[ime during the existence of such � � � �
<br /> ' default,irrespective of any temporary waiver of[he same. . � .
<br /> Theu Presents,however,are upon the Condition,That if the said Mortgngor shall repay said loan on or before the matutity of said shares by � . . � �
<br /> � payment;pay monthly to s•rid ASSOCIATION of the sum specified in the Bond xwred hereby as interest end principal on said loan,on or before . � �
<br /> the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage � � � ��
<br /> � and the BonJ sewred thereby,before delinquency:furnish approved insurance upon the buildings thereon in the sum of S 25 s���•�� payable � . . � � ��
<br /> ' to said ASSOCIAT[ON:repay to said ASSOCIATION upon demand alt money by i[paid for such taxes,assessments and insurance with interest at � � �
<br /> � the maximum tegal cate thereon from date of paymrnt all of which Mortgagor hereby agrees tu pay:permit no waste on said premises;keep and comply �
<br /> with all the agreements and conditions of the Bond for 5 25��(1� �Q this day given by the said Mortgagor to said ASSOCIATION,and compty .
<br /> : with all the requirements o!the Constitution and By-Laws of said AS OCIATION;then thex presents shall become nult and void,otherwise they � � �
<br /> � shall remain in full force and may be forecloud at the option of the said ASSOCIATION after failure for three months to make any of said � � � � �
<br /> payments or be three months in arrears in making said monthly payments,or ro keep and cumply with the agreements and condicions of said Bond; .�
<br /> and Mortgagor agrees to have a receiver appointed forthwith in such(oreclosure proceedings. � � .
<br /> If there is any change in ownership of the rea!estate mortgaged herein,by sale or otherwise,thm the entire remaining indebtedness hereby � �
<br /> secured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br /> � further notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the � �
<br /> date of exerciu oF said option,bear interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said . �
<br /> bond,and any other boqd for additiunal advances,together with all sums paid by said The Equitable Building and Loan Associatiun of Grand[sland, � �
<br /> Nebraska For insurance,taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment at the maximum �
<br /> legal rate. �
<br /> � �As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the � " .
<br /> , makers of said Bond,their assigns or successors in interest,which sums shall be wiihin the security of this mortgage the same as the funds originally � �
<br /> - xcured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgaga � .
<br /> necea tn;s 14th day of January p.D.,ly 78
<br /> .1/����.� �_._..�`..1�.� ;��-<. Cj`- :;.��;�_rc�-�-'- — — —
<br /> G�ilbert H. autter ait C. autter
<br /> �
<br /> STATE OF NEBRASKA.�� On this 14tF1 day of January 19�$ ,before me, _ - �
<br /> COUNTY OF HALL
<br /> L t eundersi e a o a Wi an i C r lly came ?
<br /> Gilbert H. Sautter and Faith C. Sautter, each in �iis an$1'�ierN�w`�i�i�F� �r{°d�a� ��'�1s��8`�
<br /> each other, �--� who dT'2 personally known to
<br /> � me to be the idenbca[pe#son�,r',�f� name�5 are affixed to the above instrument as mortgagor S and they x��y f��� �p,s;a
<br /> acknowtedged she:patdinstrumem to.pa���}�ei r wiuntary act and deed. � �,
<br /> ��� � �1VTS'BQE5S my haad and�Nd�al Seal the date aforesaid. ^ �� -. a+x'' �..
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<br /> � � X. Notary Pub�c
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