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<br /> 7'8-- �}�1773
<br /> MORTGAGE
<br /> : . MORTGAGE LOAN NO. LP$,Q$O
<br /> '.� KNOWALLMENBYTHFSEPRESSNTS:That Edmund H_ Schlund and Jacqueline L. Schlund, each in �
<br /> ;� his and her own right and as spouse of eaeh other
<br /> �� Martgagor,whether one or more,in consideration of[he sum of ��� ��' ,�;
<br /> � Nineteen Thousand Five Hundred and No/100--------------------------------_________��A�
<br /> '�# loaned to said mortgagor by The Equitable Building and Lc�an Assoeiation of Grand Island,Nebraska,Mortgageq upon 195 shares of stock of �
<br /> said ASSOCIATION, Certificate No.L 23�OSO ,do hereby grant, convey and mortgege unto the said ASSOC1AT10N the following
<br /> described real estate,situated in Hall County,Nebraska: �.
<br /> LOT NUMBER FOUR (4) IN BLOCK NUMBER EIGHTEEN
<br /> � (18) ORIGINAl. TOWN OF CAIRO, NEBRASKA.
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<br /> ; � together with all the tenements,hereditaments and appurteeiances thereunto belonging,including attached Aoor coverings,all window screens, +����
<br /> ;�a window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipmmt and acceswries thereto,pumps,stoves,
<br /> .�.� rafrigerators,and other fixtures and equipment now or hereaFter attached to or used in connection with said real estate_ , x,;,
<br /> s��� And whereas the said mortgagor has agrced and dots hereby agrce that the mortgagur shall and will pay all taxes and assessments levied or ; �-� �
<br /> aasessed upon said premises and upon this mortgage and the bond secured thereby before d�e same shaq bewme delinqumt;to fumish approved
<br /> ,_j � insurance upon the buildings on said premises situated in the sum of 3 19�500.�0 peyable [o said ASSOCIATION and to detiver to said
<br /> 1 ASSOCIATION the policies for said insurance;and not ta commit or permit any v✓aste on or about said premises; M1;
<br /> ��� In cax of defaula in the rforrnance of an of the terms and wnditions of this mort a e or the bond uwred hereb the mort ��� f
<br /> Pe Y B B Y. gagee shall,
<br /> on demartd,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the �
<br /> � mortgagee all the rrnts,eevenues and income[o be derived from the mortgaged premises during such time as the mortgage indebtedneu ahall remain � , ,.`
<br /> ':j unpaid;and the mortgagee shall have the power to appoint any agent or•rgents it may desire for the purpose of repairing said premises and renting ��
<br /> �.f �the same and collecting the rcnts,revrnues and ineome,and it may pay out oC said income all expenses of repairing said premises and nexssary � .
<br /> ,�� commissions and expenses incurred in renting and managing the same and of collecting rentals thereFrom; the balance remaining,if any,to be .
<br /> applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such
<br /> default,irzespective of any temporary waiver of the same.
<br /> �� . These Presents,however,are upon the Condi[ion,That if the said Mortgagor shall rcpay said loan on or before the maturity of said shares by �
<br /> payment;pay monthly to said ASSOCIATION of the sum specified in the Bond ucured hereby as interest and prindpal 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 Bond ucured thereby,before delinquency-furnish approved insuranee upon the buildings thereon in the sum of S i9 s�J00�00 payable
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> the maximum legal rate ihereon from date of payment atl of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply �
<br /> �� wi[h all the agreements and conditions of the Bond for S 1� e�nn_nn this day given by the said Mortgagor to said ASSOCIAI'ION,and comply '
<br /> with all the requirements of the Constitution and By-Laws o �a�dASS6CIATION;thm these presents shall become nul]and void,otherwise they .
<br /> ��� shall remain in full foree and may be foredosed at the option of the said ASSOCIATION aher failure for three months to make any of said - .
<br /> ,�'j peymrnts or be three months in errears in making said monthty payments,or to keep and comply with the agreements and conditions of said Bond; - � �
<br /> �,S and Mortgagor agrees to have a receiver appointed forthwith in such foreclosuce proceedings. . � � �
<br /> IC there is any change in ownership of the real estate moKgaged herein,by sale or otherwise,then 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 ad�ces made thereunder,shall,from the �
<br /> -� . date of ezerciu of said option,bear interest at thc maximum legal rate,and this mortgage may then be forecloud to satisfy the amount due on said � � ,
<br /> ..� bond,and any other bortd for additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grand Island, �
<br /> Nebraslca for insurance,taxes and assessments,and abstracting extensioa charges, with interest thereon, from date of payment at the maximum -
<br /> legal rata
<br /> „� � As provided in the Bond secured hereby,while this mortgege remains in effect the mortgagee may hercafter advance additional sums to the � . � �
<br /> malcers of said Bond,the'u assigns or successors in interest,which sums shall be within the security of this mortgage the same as the funds originally
<br /> aecured there6y,Ihe tota]amount of principai debt not to exceed at any time the original amount of this mortgage_
<br />".'� Dated this 30th day of M Y'Ch A_D.,19 7$
<br /> ''�i. .. . . ..
<br /> � nd H. Sc 1 d
<br /> :'� � Jacqueline L.' Schlund
<br /> ''� STATE OF NEBRASKA,��. On thia 3�th da of March 78
<br /> ,�COUN7Y OF HALL Y 19 ,before me, �--
<br /> �� �� � the undenigned,a Notary Public in and for said County,perwnally came �
<br /> Edmund H Schlund and Jacqueline L. Schlund, each in his and her ow right and as s ouse �
<br /> �., of eacfi other W�° are �iSOneuy�ow�to � '
<br /> � ;.. �'�;
<br /> me to�e tl�e Iden�cal pereonS whose name S dT`e affixed to tbe above instrument as mo�go�5 and they severally � s
<br /> ecknowledged the said inatrument to be thC>l T^ voluntary act end deed. � �
<br /> ,' , � <.
<br /> W[TNESS my hend and Notariai Seal the date aforeaaid. �% r � b�" �'
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<br />..f . ... . . �.My Commission ex ;..-" ;�' . ..
<br /> �,: / CfMEBALMOTABY=StatedNeLrasYt -� _ .
<br /> ; JDY M.BEAZLE7 ' ,.--' ta ublic
<br /> � a►.L+x[ .. . � .� .Lty Comm.Fxa�P4l.3Yt�' �
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