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<br /> MORTGAGE _
<br /> `i MORTCACE LQAN NO._f�_ 23,059 '
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<br /> KIVOWAL;LMEN9Y'fHESEFRESENTS:That RQbEI"t R_ 5-chaeffer and Mary A. Schaeff'er, each in
<br /> his and her own right and as spouse of each other,
<br /> ���.� . � Mortgagor,whtthet one or more�,in considecatjon nf the sum.�of j�'=�
<br /> Eitee Thousand and No/1U0---------------�_..- ------ ---- -------------�no�t.wxs �
<br /> �.
<br /> loaned to raid mottgagor by The Equitable Building and Luan Associauun of Gramd Islznd,Nebraska,Mortgagee,upon ')$� shaces of stock of
<br /> � said ASSOCIATION, CertiCicatc 1Vo.I. 23�Q59 ,do hereby grant, convey and mortgage unco the said ASSQCIATION Che follow'xng
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<br /> desen'bed regl estate,sitvatad in H'sll County,Nebraska:
<br /> LOT F!OUR (4), IN BLOCK T4t0 (Z)> IN JRC:K VOSS
<br /> SECOMD SUBQIVISTOAf, BEING A PART bF TME WEST
<br /> { HALF OF THE 50U1HWE5T QUARTER (W�SW4) OF 5EGTION
<br /> i ,
<br /> ' TW0 (2), TOWN5HIP ELEVEN (11) N(JRTH, RANGE TEN (1Q) >`
<br /> � y�.,
<br /> WEST OF THE 6TH'. �.M,
<br /> j together wi,th all.the chiamenrs, hereditatnenRs and appurtenanaes ih¢reuntn belonginb, including atcgched (l�or cuwrings,all w,indqw screerts,. a"�
<br /> ;'� window�shades,blinds.,storm windows,awnings,heating,a�r ecrnditiuning,and plumbinR and waeeroquipment and accessoriea Ehereco,.pumps,stoves., �;,
<br /> � aefrigerafors,and uthee fixtures and rquipment now ar htreaFter attached ta ur used in eonne�tion w-i[h said rrai es[ate. �
<br /> '� iind whcrtas the sxid mort �
<br /> gagar has agreed and does hereby agree Chat the murt�;agpr shaA and wfll pay aU ta.xos and aSsestmrnts levied un �?
<br /> �� -assesud.upon said prcmises and�apon chis mortgage and the b�nd se¢ured fherebq betare the snme shall bect�me delittquent;.to furnish approwd � `� '
<br /> insucance upun the bwldings on said premises siluared in the sum�of'$ ],� OQ�� 00 Payable to said ASSOCIATIOlti and tu delrver to said�.
<br /> � � ASSOCIATION the policiss for said insurancc,and not to comnyit or p�:rmu any wasta un oz about said premises; ;��
<br /> z,
<br /> � In cass�f de(ault in the perfornrance aE any of the ter,rts and conditions of this mortgaga or tlu bond secuted hereby,the morcgagee slisll,. r
<br /> .� �� on demand,be enticled to immediace possession uf the mortgaged premises an� the mortgegot hcreby assigns, transfets and sets over to Yke `, � �'
<br /> , mortgagee all the rents,revenues and income to be daived from the mortgaged prcmises during such time as the moRgage indebtedness st�all rcmain � �'
<br /> �� unpaid;and the mortgagee shall have the power to appoint any agent or agrnts it may desire for the purpou of repairing said premises aad renting `i
<br /> the same and collecting t3u rents,revenues and income,and it mey pay out of said income all experues of repairing said premises and necesssry ,;
<br /> ,-{ �commissions and expenses incutred in rmting and managing the came and of rnllecting rentals therefrom: the balance remaining,if any..to be -
<br /> � applied toward the discharge of said mortgage indebtedneu;thex rights of lhe mortgagee may be exezcised at any t'une during the existma oF weh }'�
<br /> � default,irtespeccive of any temporary waiver of the same.
<br /> �i�� These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said Ioan on or before the maturity of said shares by
<br /> �� payment;pay monthly to said ASSOCIA7'ION of the sum speciCed in the Bond secured hereby as interest and principal on said loan,on or before
<br /> '�� the'hvrntieth day of each and every month,untii said loan is fully paid;pay all taxes and asuuments levied against said premixs and on this Mortgage
<br /> and the Bond secured thereby,before delinquency;Furnish approved insurance upon the buildings thereon in the sum of 5 �$s���•�� payable
<br /> � to said ASSOCIATION:repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insuranee with interest at
<br /> ���C the maximum legal rete thereon from date of payment all ot which Mortgagor hereby agrees to pay;permit no waste on said prertases;keep and comply
<br /> �_'� with all the agreements and conditions of the Bond for 3 ��4(10 Qp this day given by the said Mortgagor to seid ASSOCIA7'ION,and compiy � �
<br /> with all the requirements of[he Constitution and By-Laws o saia A$S6CIATION; then theu preunts shall txcome null and void,otherwise thry ,
<br /> -�i � shall remain in full force and may be forccloud at the option of the said ASSOCIATION after failure for three months to make any of said � y';
<br /> '��� payments or be three months in azrears in making said monthly payments,or to keep end comply with the ageemenu and wndi[ions of said Bond;
<br /> and Mottgagor agrees to have a receiver appointed forthwith in svch foreclosure proaedings.
<br /> �_� � If there�is any change in owaership of the real estate mortgaged herein,by sale or otherwix, then the ent'ue remsining indebtedness htteby . .
<br /> � secured shall,at the option of'fhe Equitable Building and Loan Association of Grand Island.Nebraska,become immediately due and payable without .
<br /> .�j�� fucther notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shaII,from the . .
<br /> ;;! date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be forcclosed to satisfy the amount due on said
<br /> bond,and any other bond for additional advanas,together with all sums paid by said The Equitable Building and Loan Aswciation 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 /> :`r legat rau. d;
<br /> ;,� As provided in the Hond ucured hereby,while this mortgage remains in effect the mortgagee may hueafter advance additional sums to the � ���
<br /> t maken of said.Bond,their essigns or successors in interert,whieh sums shall be within the security of this mortgage the same as the funds originally .
<br /> �f .� xcured thettby,the total amount of principal debt not to exceed at any time[he original amount of this mortgage. ,
<br /> n:"� m«a en;s lOth aay or Apri 1 A.D..�9 7 ��; �
<br /> � � ��� �1�.�'�,��1i�� � - � �
<br /> �+; .Rober R. $hae—�r ary chaeffier `�
<br /> s;
<br /> �,� STATE OF NEBRASKA> �. On� jOt11 �y o f Apri 1 19 7$ ,before me, ...r_--�;^
<br /> 7'� COUNTY�OP HALL� � �
<br /> , �."'.�� �. . . � , the.wsdersigned,a Notary Public in and for said County,personapy came �, ,�
<br /> Robert R: Schaeffer and Mary A. 5chaeffer, each in his and her own right and as spouse I , ,
<br /> Of �Cf1 OthEC� � who are personally known to �
<br /> �, ' � mD,xobe the Identicai pcnons, whose nsme s are aftixed to the above inst mortgegor S and they uvenlly �� �
<br /> �-0 adrnowkdged the aaid imtrwnent to be t�lE�N voluntary act and deed. ,*'� `
<br /> ,� .:.. ... . . ��. d and Notartal Seal the date aforesaid. �/'� . •:y��. �.��` .
<br /> ��t �fNERALNOTARY- �o . .
<br /> ? � � JAMES W� explres � . . .� . � . � . .
<br /> �..��M1y Comm,.EaV � i2,iB74��� .. . . . . .
<br /> , Notary Public
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