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<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L 23,�4$ I � �
<br /> KNOW ALL MEN BY THESE PRESENTS:That �dR1C5 A. Enci nger afld Debora L. Enci nger, each 1 fl
<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 /> Fourteen Thousand Two Hundred and No/100-----------------------------------------�LLA�es
<br /> loaned to said mortgagur by The Equitablc Building and Luan Association of Grand Island,Nebraska,Mortgagee,upon �42 shares of stock of �. � . �
<br /> said ASSOCIA"I'ION, Certificate No. L 23�045 ,do hereby grant, convey and mortgage unro the said ASSOCIATION the following . . �
<br /> �. described real estate,situated in Hall County,Nebrasica: � �
<br /> LOT TWO HUNDRED SEVENTY ONE (271) IN
<br /> WEST LAWN IN THE CITY OF GRAND ISLAND,
<br /> NEBRASKA.
<br /> - rogether witM all the tenements, hereditaments xnd aQpurtenances thereunto belonging,including attached floor coverings,all window urerns. � .
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipmrnt and accessories thereto,pumps,stovea, �� . � -
<br /> re&igerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estata . .
<br /> And whereas the said mortgagor has agreed and does hereby agree that the mortg�gor shall and will pay aIl texes and assessments levied or � � �
<br /> assessed upon said premises and upan this mortgage and the bond secure�l raorPby before the same shall become delinqumt;tu furnish approved r�
<br /> - � insurance upon the buildings on said premises situated in rhe sum of 5 �l�>QQQ.Q� payable ro said ASSOCIATION and to detiver to said .
<br /> ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premiser. � .
<br /> � In ca.0 of default in the performance uf any of the terms and conditions of this mortgage or the bond xcurzd hereby,the mortgagee shall, �
<br /> ..�E. � on demand,bc entiUed to immediate possession of the nror[gaged premises and the mortgagor herehy assigns, transfers and sets over to the � : .
<br /> moRgagee alt the rmts,revrnues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain �
<br /> unpaid:and the mortgagee shall have the power to appoint any agent or ugents it may desire for the purpose of repa'uing said premises and renting �
<br /> the same and collecting the sents,revenues and income,and it may pay out of said income atl expenses of repairing said premises and necessary . � �
<br /> commissions and expenses incurred in rrnting and managing the same and oC cotlecting ren[als therefrom; the balance remaining,if any,to be � .
<br /> � applied toward the diuharge of said mortgage indebtedness:thex rights of the mortgagee may be exercised at any time during the existence of such � �
<br /> deCault,'vrespective of any temporary waiver of the same. . . .
<br /> These Preunts,however,are upon the Condition,Thst if the said Mortgagor shall repay said loan on or beforc the maturity of mid shares by � �
<br /> payment;pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interut and principal on said loan,on or beforc . .
<br /> the Twrntieth 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 Bond secured thereby,before ddinquency;turnish approved insurance upon the buildings thereon in the sum of 5�¢�ZQQ.QQ payable - � � �
<br /> to said ASSOCIAT[ON:repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with intercst at �. . �
<br /> �= the maximum legai rate thereon from date of payment alI of which MortQagor hereby agrees to pay;permit no waste on said premises:keep and comply � � . ' �
<br /> with all the agreemrnts and conditions of ihe Bond for$�[}r 2Q0,�p this day given by the said Mortgagur to said ASSOCIATION,and comply �� � �
<br /> with all the requ'vemmts of ihe Constitution and By-Laws o sa�d AS bClAT10N:then these presents shall become null and void,othenviu they � � . .
<br /> ; � shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failuro for three months to make any oF said �. � . � .
<br /> payments or be three months in arrears in making said monthly payments,or to keep and comply wich the agreements and conditions of said Bond: . �
<br /> ' and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. . .
<br /> If there is any change in ownership of the real estate mortgaged herein,by sale ur otherwiu,then the rntirc remaining indebtedness hereby � �
<br /> secured shali,at the option o(The Equitable Building and Loan Association of Grand Island,Nebraska,become immedia[ely 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 exercise of said option,bear interest at the maximum legal rate,and this mortgage may thm be foreclosed 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 Building and Loan Association of Grand Island, . � � .
<br /> �� Nebraska for insurance,taxes and asussments,and abstracting extension charges, with interest thereon, from date of payment at the maximum � � ���
<br /> ��� �� legal rate. . . .
<br /> � �� As provided in the Bond secured hemby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the � � �
<br /> � makers of said Bond,the'v assigns or successors in intercst,which sums shall be within the security 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 mortgage. � . .
<br /> ; naua ct�;: 23rd. � day of March n.o.,iv78
<br /> ; Ll/Y12P���� �����_ �1��,�� n -�' � n�C�; � o T.
<br /> James A. Encinger �e�ora nc�nger
<br /> t
<br /> S1'ATE OF NEBRASKA, � On this 23rd. aay oe Mareh 197H ,before me, � �
<br /> � COUNTY OF HALL� �
<br /> , the undersigned,a Notary Public in and for said Counry,personally came I �{
<br /> ..;� James A. Encinger and Debora L Encinger, each in his and her own right and as spouse of °
<br /> } each other, Wn� ar,e personallyknownto $,?_
<br /> � me to be the identical persoa�S whou name s are affixed to the above inst ortgagor S and they severally L �- '
<br /> their *` �: �
<br /> acknowledged the seid instrument to be voluntary act and deed. ..�y�
<br /> � �� � WITNESS my hand and Notarial Sea1 the date aforesaid. � . `''/�/ � ...• _ .
<br /> �---�^ Mv Comm-.atn expite—sy� c.3 "(� .
<br /> �GENfP�i NpS4.�iv Ctnt_ot N:•G'. �s%%%%�// .
<br /> �Ah�.g tiN DL� ?N /_ / Nutary Publio
<br /> � ��3:�_�"y ,, u L�.--� /Y ��i'� �
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