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<br /> 7g�001548 �
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO.L 23,03H
<br /> � xivown�.tMetvaY�rttFser�sErrrs:Tnar Gale E. Mettenbrink and LaDonna K. Mettenbrink, eacM in �
<br /> his and her own right and as spouse of each other,
<br /> � � Mortgagor,whsther one or more,in consideration of the sum of . �
<br /> Forty Thousand and No/100-=------------------------------------------------------=nouAas
<br /> loane�l to said mortgagor by The Equitable Biu'lding and Loan Aswciation of Grand Island,Nebraska,Mortgagee,upon 40� shares of stock of � � �
<br /> said ASSOCIATION,Certificatt No.L Z3�03$ ,do hereby�rant, convey and mortgage unto the said.ASSOQIATION tlie following
<br /> descn'bed real estate,situated in Hall County,Nebraska: � �
<br /> LOT TWENTY-FOUR (24) AND TME SOUTH OYE HUNDRED
<br /> EIGHTY-THREE AND FOUR TENTHS (i83.4) FEET OF THE
<br /> NORTH THREE HUNDRED SIXTY-SIX AND EIGHT TENTHS
<br /> (366.8) FEET OF LOT TrIENTY-THREE (23) OF GEER
<br /> SUBDIVISION OF LOTS SIX (6) , SEVEN (7) AND EIGHT
<br /> (8) OF GARRETT'S SUBDIVISION OF PART OF THE EAST
<br /> HALF (E;) OF SECTION NINE (9), IN TOWNSHIP ELEVEN
<br /> (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M.
<br /> '�j together with aA the tenemenu,hereditaments and appurtenances thereunto belonging,including attached Cloor coverings,�ll window screens,
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbin�anJ water equipment and accessories thercto,pumps,stoves, �
<br /> j' refrigerators,and other fixtures and equipment now or hereafter a[tached to or used in connection with said real estata .
<br /> � j And whereas the said mortgagor has agreed and does hereby agrce that the mortgagor shall and will pay all taxes and asse�vnmts levied or � �
<br /> assessed upon said premises and upon this mortgage and the bond seco�Pd r�+•r.b before the same shaR become delinquent;to fumish approved � � �
<br /> ��� insurance upern the buildings on said premises situated in the sum of S ����t7.�� payable to said ASSOCIATION and to deliver to said �
<br /> ASSOCIATION the policies for said insurance;and noi to commit or permit any waste on or about said premises;
<br /> �,j In case of default in the performance of any of the terms and conditions of this mortgage or the 6ond sewred hereby,the mortgagee shall, �
<br /> l on demand, be entiUed to immediate possession of the morigaged prcmises and the mortgagur hereby assigns, transfers and uts over to the
<br /> ,' mortgagee atl the rrnts,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remsin . �
<br /> unpaid;and tht mortgagee shall have the power to appoint any agent or agents it may desire for the purpc�se of repaiting said premises and rcnting
<br /> Lhe same and coUecting the ren[s,revenues and income,and it may pay out of said income all expenxs of repairing said premises and neauary . .
<br /> commissions and expenses incurred in rcnting and managing the same and of collecting rentals therefrom;the balance remaining,if any,to be � �
<br /> appGed toward fhe discharge of said mortgage indebtedness;theu rights of the mortgagee may be exerciud at any time during the existence of wch � ��
<br /> � � default,irrespective of any tEmporary waiver of the sama �, �� •=
<br /> Thex Presents,however,are upon the Condition,That if�he uid Mortgegor shall repay said loan on or beforo the maturity of said shares by � � � - �
<br /> payment;pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or beforc � , . �
<br /> .�:� the Twentieth day of each and every month,until said loan is fully paid;pay all[axes and assessments levied against said premises and on this Mortgage : �
<br /> ,r and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum uf S4Q�QQ�.�Q payable � .
<br /> � to said ASSOCIATION;ropay[o said ASSOCIATION upon demand ail money by it paid for such taxes,assessmrnts and insurence with interost at .
<br /> �..�� the maximum legal rate therean Fmm date of payment alt of which Mortgagor hereby agrces to pay:permit no waste on said premises;keep and comply � � � .
<br /> :.; with all the agrcements and conditions of the Bond for 3 4��0��.��this day given by the said Mortgagor to said ASSOCIATION,and wmply � �
<br /> ' with all the requ'vements of the Constitution and ByLaws of said ASSOCIATION;then these presents shall become null and wid,otherwix they �. � �
<br /> ���� shall remain in full force and may be torcclosed at the option of the said ASSOCIATtON after failure for three months to make any ot said , � -
<br /> :� payments or be three months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond; . �
<br /> ; i
<br /> and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. .
<br /> If[here is any change in ownership of the real estate mortgaged herein,by sale or otherwise,thm the entire remaining indebtedness heroby . -
<br /> , �-�� secured shaU,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable withaut . � ,
<br /> further notice,and the amount remaining due under said bond,and any other bond for any additional advances made thercunder,shall,from the �
<br /> ' � date of exercise of said option,bear intercst at the maximum legat rate,and this mortgage may then be forecloud to satisfy the amount due on seid � � �
<br /> �,i � bond,and any other bond for additiona!advances,together with all sums paid by said The Equitable Building and Loan Associstion of Grand Island, �� �
<br /> Nebraska for.insurana,taxes and assessments,and abstracting extension charges, with interest thereon,from date of payment at the maxirt�um
<br /> ,.�� legal rata . . .
<br /> f � As provided in the Hond secured hereby,while this mortgage remains in etfect the mortgagee may hereafter advance additional sums to the
<br /> ��makers oC said Bond,their assig�s or successors in interest,which sums shall be within the security of this mortgage the same as the funds otiginapy . . �
<br /> ����� "xcured thercby,the totai amount of principal debt not to exceed at any time the original amount of this mortgage. � -
<br /> �
<br /> Dated this 20 day of Md T'Ch � A.D.,19 78�J
<br /> f � V./WCl 4- ��A�J�'� �% �.(,� ` /� � � � v � .
<br /> Gale E. Mettenbrink LaDonna K. Mettenbri
<br /> ;
<br /> j STATE OF NEBRASKA, �
<br /> as. On this 20th day of March �9 78 ,before me,
<br /> ,� ,GOUNTY OF HALL�
<br /> g, � � ' � �� the undersigned,a Notary Public in and for said County,personally came �. �, _
<br /> Gale'Ei l�ettenbrink and LaDonna K. Mettenbrink, each in his and her awn right and as spouse � �
<br /> �r� ,:.��.
<br /> who pereonally known to
<br /> of e�ch other, are � k,;:
<br /> ,� e � person$�. whom name S are elTixed to the abow instrument as mortgagor5 and 'theY severallY "�` �
<br /> �.
<br /> '.� s�7mqwie�� ��u strumrnt to be thei r volunury act and deed. � ';� �
<br /> "y� ,••4,N q�yVl my hand and Notsrial Sea1 the date aforesaid. \
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<br /> �� � .N6TARY My expirea�{�� � � �11/- 4�
<br /> � fJ(,• . �>sl�'�t� S ��` ���� � lY �
<br /> � ExPiR£S� � � Notary Public �
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