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<br /> �$- 001833
<br /> MORTCAGE
<br /> � �� MORTGAGE LOANNO. L23�O52 t� '`
<br /> � KNOWALLMENBYTHESEPRESENTS:That Gilbert H. Sautter and Feith C_ Sautter, each in is 3 ' t �
<br /> , and her own right and as spouse of each other,
<br /> ��� Mortgagor,whether one or moee,in consideratlon of the sum of �
<br /> '. TMree Thousand and No/100------------------------------------------------------ Dottntzs , '
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<br /> �.�� loaned tu said mortga�or by Tht Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon $Q shares of stock of
<br /> i said AS50CIATION, Certificate No.L Z3�052 ,do hereby grant, convey and rnortgage unto the said ASSOCIATION the following
<br /> . described real estate,situated in Hall County,Ntbraska: �
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<br /> THE NORTHERLY THIRTY-ONE FEE7 (N3]') OF LOT THREE
<br /> ' ± (3) AND THE SOUTHERLY FIFTY FEET (S50') OF LOT TWO
<br /> ' (2) IN BUHRTiFIN'S SUBDIVISION, AN ADDITION TO THE
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<br /> ' CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
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<br /> + Subject to prior mortgage to the mortgagee herein, in the principal amount of Twenty-
<br /> ; Five Thousand ($25,000.00) dated January 14, 1978.
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<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging,induding attached floor co�mrings,all window screens, f�
<br /> window shedes,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipmmt and accessories thereto,pumps,stoves, � , „
<br /> refrigerators,and other fixtures and equipment now or hereafter attached to or used in wnnection with said real estata ,�.,�
<br /> And whereas the said mortgagor has aRreed and dues hereby agree that the mortgagor shall and will pay all taxes and asseuments]evied or �
<br /> asseued upon saiel premises and upon [his mortgage and the bond secured ihereby befoce the same shall become ddinquent;to furnish approved `
<br /> ' insurance upon the buildings on said premises situated in the sum of S 3 s��0�U� payable to said ASSOCIATION and to detiver to said c r��
<br /> JASSOCIAT[ON the policies for said insurance;and not ro commit or permit any waste on or about said premises: � �
<br /> In case of default in the rformane;e of an 1�
<br /> , `� pe y of the terms and conditions of this mortgage m the bond secured hereby,the mortgagee sha12, ° t�:
<br /> . � on demand, be entitled to immediate pussession ot 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 fcom the moctgaged premises during such time as the mortgage indebtedness ahall remaia
<br /> unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desirc for the purpox of rcpairing seid premises and renting ' �
<br /> the same and collecting the rents,revenues and income,and it may pay out of said income a11 expenus of repairing raid premises and neeessary � � �:
<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 diuhazge of said mortgage indebfedness;these rights of the mortgagce may be exerased at any time during the existenee of such s t�
<br /> ,�� default,inespective of any temporary waiver of the same.
<br /> '} �� . These Presents,however,are upon the Condition,That if the said Mortgagor 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 ucured hereby as interest and principal on seid loan,on or beforo . �;r3
<br /> -t lhe Twentieth day of each and every month,un[ii said loan is fully paid;pay all taxes and assessments levied against said premixs and on tltis Mortgage
<br /> �.�� and the Hond xcured thereby,before delinqumcy;fumish approved insurance upon the buildings thereon in the sum of S 3�OOO.OO payable �
<br /> :� . to said ASSOCIATION;repay to said ASSOCIATION upon demand ail money by it paid for such taxes,asussmen[s and insurance with lnterest at
<br /> �i � the mauimum legal rate thereon from date of payment a�l of which Mortgagor hereby agrees to pay;permit no waste on said premius:keep and comply "� �
<br /> ` ����� with all the agecemrnts and conditions oC the Bond for S 3 QQQ.OQ this day given by the said Mortgagor to said ASSOCIA7'ION,and comply � �
<br /> � with all the requirements of the Constitution and By-I.aws of�said ASSOCIATION;[hm these preunts shall become null and wid,otherwix thry � �
<br /> � ! shall remain in full force and may be foreclosed at the option of the said ASSOC[ATION after failure for Uvee months to make any of said � . �. . � �
<br /> ���� payments oz be three months in arrwrs in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond; �
<br /> and Mortgagor agrees to have a reeeiver appointed forthwith in such foreclosurc proceedinps. � � �
<br /> �� � If therc is any change in ownership of the real estate mortgaged herein, by sale or otherwise,then the ent'ue remaining indebtedness henby � �
<br /> ,� , secured shall,at the option of The Equitable Building and Loan Association of Grand I�land,Nebraska,become immediately due and payable without �
<br /> ` :� further notia,and the amount remaining due under said bond, and any other bond for any additional advances made thereunder,shall,from the � .
<br /> , a � date of exereise of said option,bear interost at the maximum legal rate,and this mortgage may then be foredosed to satisfy the amoimt due on said
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<br /> , �� , bond,and any other bond for add"etional advances,together with ap sums paid by said The Equitable Bwlding and Loan Assocfation of Crand Island, � �
<br /> Nebraska Cor insurance,taxes and assessments,and abstracting extension charges, with interest thereon, from date of peyment at the enaximum
<br /> f . le�l rata . .
<br /> �. � As provided in the Bond secured hereby,wh�e this mortgage remains in effect the mortgagee may hereafter advance additional sums to the �� �
<br /> } ��makers of said Bond,the'a assigns or succeuors in interest,which sums shall be within ffie security of this mortgage the same as the funds originally .� . � �
<br /> ,:,f- . �.'tecured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgaga . .
<br /> .- ��,. -�.� Deted this �3�St. day of March A.D.,19�$ .. v:
<br /> ' �` ��.��� ��� � �
<br /> ,r_rz: �a.,n'�ih/
<br /> � G 7bert H. Sautter Fait . Sautteh
<br /> �� STATE OF NEBRASKA, ,,,�.
<br /> COUNTY OF HAI.L.��� On this 31 St. day oF March 19 7$ ,before me,
<br /> �� � ' �� �-� � the undersigned,a Notary Publlc in and for said County,perwnally e -',1`+
<br /> Gtlbert -H'.: Sautter and Faith C. Sautter, each in his and her own ri ght and as spouse o�' �.,
<br /> �,,,,,�.... 2dCh � � � � � � � wfio dPe Personallyknownto � . .
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<br /> ��'� aq26e� ' n S whou name s are affixed to the above instrumrnt as mortgagor S and they ��y y , a
<br /> D��t1je �ins ent to be � thel M voluntary aet aad dad. �.._''"� �i
<br />�',� � �tC� ��.� hand snd Notariat Seal the dete afore�xid. .� ,�,��
<br /> NOTARK��� (� v� /� � �
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<br /> :i ��`OF NE���y��
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