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<br /> 78- �0 O 8 2-1
<br /> MORTGAGE
<br /> j MORTGAGE LOAN NO. Z3.003 �
<br /> ; KNOW ALL MEN BY THESE PRESENTS:That Wi 11 ard H. Schel bi tzki and Edna M. Schel bi tzki, each
<br /> in his and her own right and as spouse of each other
<br /> . Mortgagor,whether one or more,in consideration of the sum of ��� �
<br /> „ Thirt.v Four Thousand Two H�endred and No/100--------------------------------------- ��LARS :
<br /> loaned to said mortgagor by The Equitable Building and Luan Association of Grand Island,Nebraska,Mortgagee,upon 342 shares of stock of � ��
<br /> said ASSOCIATION,Certificate No. L 23��03 ,do hereby grant,convey and mortgage unto the�aid ASSOCIATION tht following � � �.
<br /> described real estate,situated in Hall County,Nebraska: � � ..
<br /> LOT ONE (1), VIRDEN SUBDIVISION IN THE CITY OF
<br /> GRAND ISLAND, HALL COUNTY, NEBRASKA.
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<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screrns, - �
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipmrnt and acttssories ihereto,pumps,stoves, -
<br /> refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said reat esta[e. � .
<br /> And wheroas the said mortgagor has agreed and does hereby agree that the mortgagor shaL and will pay all taues and assessmrnts levied or �
<br /> astessed upon said premi.us and upon this morlgage and the bond securtd thereby before the same shall become delinquent;to furnish approved -
<br /> . insurance upon the buildings on said premixs situated in the sum of 334�200.00 payabie to said ASSOCIqTION and to deliver to said
<br /> . ASSOCIA'tION the policies for said insurance;and not to commit or permit any waste on or about said premises;
<br /> In case of default in the performance of any oF the terms and wnditions of this mortgage or the bond secured hereby,the mortgagee shalt, �
<br /> `! on demand,be encitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the � .
<br /> mortgagee all the rrnts,rewnues and income to be derived from the mor[gaged premius during such time as the mortgage indebtedness shall remain .. � .
<br /> � unpaid;and the mortgagee shall have the power ro appoint any agent or agents it may desire for the purpose of«pairing said premises and centing
<br /> .{ the same and collecting the rents,revenues and income,and it may pay out of said income all expenus of repairing said premius and necessary � . -.�
<br /> ; commistions and expenses incurred in rcnting and managing the same and of collecting rentals thercfrom;the balance remaining,if any,to be
<br /> ,� applied toward the diuharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the e�cistrnce of such � �
<br /> ,� defau[t,irrespectiv�of any temporary waiver of the same.
<br /> ;� 7'hese Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or beforc the maturity oF said sharcs by �
<br /> � payment;pay monthly to said qSSOC1A'fION of the sum specified in the Bond secured hereby as interest and principal on said loan,on oz before
<br /> ,� the Twmtieth day of each and every month,until said loan is fully paid;pay atl taxes and asxssmrnts levied against said premists and on this Mortgage
<br /> x and the Bond secured thereby,beforo delinqumcy;Curnish approved insurance upon the buildings thereon in the sum of f 34�2�0.�0 payable �
<br /> 1 to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,auessments and insurance with interest at
<br /> �t the maximum legai rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premius;keep and comply � � �
<br /> i . wi[h all the ageemrnts and conditions of the Bond for 5 $Q ZOO.OO «s day given by the said htortgagor to said ASSOCIpTION,and comply � .
<br /> � with a11 the requirements of the Constitution and ByLaws of said ASSOCIATION: thrn these preunis shall become null and void,otherwise they � �
<br /> shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said � �
<br /> paymrnts or be three months in arrears in making said monthly payments,or to keep and comply with the agreemmts and conditions of said Bond; � �
<br /> 9 and Mortgagor agrees to have a receiver appointed forthwith in such Coredosure proceedings. � -
<br /> � , If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the rntire remaining indebtedness hereby �. � � . .
<br /> ueured shall,at the option of'fhe Equitabk Building and Loan Auociation of Grand Island,Nebraska,become immediately due and payable without �
<br /> � ' furthez notia,and the amount remaining due under said bond,and any other bond for any additionat advances made thercwder,shall,fzom the � � �
<br /> date of exercise oC said option,bear interest at the maximum lega]rate,and this mortgage may then be forecloud to satisfy the amount due on said � � . �
<br /> bond,and any other bond for additional advances,together with all sums paid by said The Equitable Huilding and Loan Association ot Grand Island, - � �
<br /> Nebraska for insurance,taxes and assessments,and abstracting extension charges, with interest thereon, trom dett of payment at the maximum � � �
<br /> legalrata � .
<br /> Aa provided in the Bond xcured hereby,while this mortgage remains in effect the mortgagee may hereafter advence additional sums to the � � � �
<br /> � � makers of aaid Bond,the'v assigns or successors in intercst,which sums shall be within the seeurity of this mortgage the same as the funds originally ��
<br /> � secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgaga �. . � -
<br /> nscea eh�: 9th aay of February A.D.,i9 7g
<br /> i� .,`. � C r � . . .
<br /> �
<br /> b d H. Sc�e b tz �i
<br /> E na M. Schelbitzki
<br /> STATE OF NEBRA.SKA, �. On this 9t�'1 day of February 79]$ ,before me, p, -
<br /> COUNTY OF HALL�
<br /> the undersigned,a Notary Public in and Cor�sid County,personally came :: �}��
<br /> � Willard H. Schelbitzki and Edna M. Schelbitzki, each in his and her own right and as s ouse �I �; `
<br /> of each other WhO are P��nauy knowPn to J �,'
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<br /> � me to bdthe identical�perso� � ,o�n�� are affixed to the above instrument as mortgagor S and they sevenllY � ''.�:y
<br /> acknowledged tfte said inst �e�...• #�67, F� luntary act and deed. _` %+�'K}
<br /> Wl'INESS �{}�ter�F�bg(`Z te aforesaid. _,_,.y
<br /> .�:"' �,��
<br /> A4Y Co 'on Cc a /�J�O �
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<br /> � 8,�. � �-' � u� � Notary Public �
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