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� � ' <br /> 7s-002715 <br /> MORTGACE «' <br /> '° <br /> MORTCAGE LOAN NO.L 23,�OY }q <br /> � KNOWALLMENBYTHESEPRESENTS:That Charles D. Bosselman and Janet K. Bosselman, I175 wife; ,,' <br /> s <br /> and Vern Stumpenhorst and Carolyn J. Stumpenhorst, his wife <br /> ; .. � . ______Mortgagor_whether one or more_in consideratlon of the wm of� �;' � <br /> Twenty Four Thousand Four Hundred and No/100- ----------n�LLAtts " <br /> : j � loaned to said mortgagor by The Equitable Building and Luan Association of Grand[sland,Nebraska,Mortgagee,upon 4 shazes of stock of <br /> ' said ASSOCIATION,Certificate No.L 23.��2 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following <br /> -t � described real estate,situated in Hall County,Nebraska: ��� "� _'„�•', ;� <br /> �! <br /> :;' <br /> i <br /> tOT ONE (IJ RND THE NORTH ELEVEN (lI) FEET <br /> OF LOT TWO(2) IN BLOCK THREE (3) IN "BETTER <br /> i <br /> HOMES SUBDIVISION" TO THE CITY OF 6RAND s`-: <br /> y <br /> " ISLAND, NEBRASKA. ;, s <br /> 'z <br /> � .�et' <br /> � <br /> { <br /> r ,�:' <br /> . <br /> i #;� <br /> .' <br /> ; together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,a11 window screens, ��` <br /> " window shades,blinds,storm windows,awnings,heating,air condi[ioning,and plumbing snd water equipment and acceuories thereto,pumps,stoves, "'* <br /> � .i roCrigerators,and other Fixturcs and equipmmt now or hereafter attached to or used in connection with said real estata � . . . � �,��t <br /> �� . And whereas the said mortgagor has agreed and does hercby agrce that the mongagor shali and will pay all taxu and assesvnents levied or ° 'r F''��;i <br /> � auexud upon said premixs and upon this mortgage and the bond secured thereby before the same shall become delinquent;to futnish approved � �; s�fls���:, <br /> � insurana upon the buildings on said premises situated in the sum of S 24�4��.0� payable to said ASSOCIATION and to deliver to said `� � w" <br /> ��ti <br /> - .3 � � ASSOCIATION the policies for said insurance;and not to commii or permit any waste on or about said premises; � 'k �a <br /> � . In cax of default in the performance of any of the terms and conditions of this mortgage or the bond ucured hereby,the mortgagee shall, �� `" C� " <br /> , � � on demand,be entiQed to immediate posscssion of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the j � ;� <br /> mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mottgage indebcedness shall remain t <br /> unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpou of repairing said pnmises and renting <br /> ; _ the same and collecting the rents,rovrnues and income,and it may pay out of said income all expenses of repairing said premixs and necemry � <br /> # commissions and expenses incurred in renting and managing the same and of tollecting ren[als therefrom; the balance remaining,if any,to be <br /> � �applied toward the discharge of said mortgage indebtedneu:theu rights of the mortgagee may be exercixd at any time during the e�cistence of such t <br /> , � defaul[,izrespective of any temporary waiver of the same. <br /> ' Theu Presents,however,are upon�the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said sheres by <br /> �?� � payment;pay monthly to said ASSOCIATION of the sum spec�ed in the Bond ucured hereby as interat 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 taxes and assessments kvied against said premises aad on this Mortgage :-�;;�. <br /> �q and the Bond ucured thereby,before delinquency:furnish approved insurance upon the buildings thereon in the sum of S 24�¢QQ.QQ payable <br /> -.i to said�ASSOCIATION:repay to said ASSOCIAT[ON upon demand all money by it paid Cor such taxes,assessments and insurance with interest at <br /> the maximum legal rate thezeon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply - <br /> ��� with all the agreements and conditions of the Bond for 5 24�40�.�� this day given by the said Mortgagor to said ASSOCIATION,and comply � <br /> ? with all the requ'vements of the Constitution and By-Laws of said ASSOCIATION;then these presenls shall become null and void,otherwise they . <br /> shall remain in full force and may be foreclosed at the option of the said ASSOCIA7'ION after failure 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 with the agreements and conditions oC said Bond;� <br /> '��� and Mor[gagor agrees to have a receiver appointed forthwith in such Coreclosure proceedings. <br /> ' i <br /> ��� If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby <br /> ;,�..± s�cured shall,at the option of The Equita6le Building and Loan Aesociation of Grand Island,Nebraska,become immedietely due and payabie without . <br /> �;.� further notice,and�'the amount remaining due under said bond,and any other bond for any additional advances rnade themunder,shall,from the � <br /> .��,� date of exercise o(said option,bear interost at the maximum 1ega1 rate,and this mortgage may then be foreclosed to satisfy the amount due on sa3d � � <br /> bond,and any other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Associstion of Grand Island, - � <br /> ��� � Nebraska for insurance,taxes and assessments,and abatracting extmsion charges,with inurest thereon, from date of payment at the maximum <br /> : � legal reta <br /> ° . � As provided in the Bond ucured hereby,while this mortgage remains in elfect the mortgagee may hereafter advance additional sums to the <br /> � makers of said Bond,their assigns or successors in interest,which sums shall be within the security of this mortgage the same as the funds originally ..� <br /> .-secured�ffiereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage. <br /> '� ua�n;� 5th. aay or May A-D..19 78 ''� <br /> t <br /> a i ,- , ---�. -� � <br /> 1 ar e se man � <br /> rn Stumpe h <br /> � anet K. Bosselman � <br /> �� Caro y J. Stumpenh st � <br /> STAT6;OF NEBRASKA, <br /> � ' COUN1'Y OF HpLL}�. �t� 5�h. �Y of r'Idy 19 7$ ,beforc me, "'��'� t: <br /> � the undersigned,a Notary Public in and for aaid County, rsonall came I �' <br /> ,� � � Ctiarles D., Bosselman and Janet K; Bosselman, his wife; and Vern Stumpenhorst an�Caro�yn J. �� <br /> '�:. S�url�eRhorst, hi s Wi fe a'no are a�rsonauy�cnown to � <br /> � . <br /> r me to n5 whoee namcs dre affixed to the above instrument as mortgago6 and they aeveralty r;;�„ <br /> `'� � ��sr7�q nt to be th@l T� voluntary aM and deed. ,_�y,,� �� � <br /> � •�,�N E'R� y nand and Notarial Sea)the date aforesaid. � .� "' <br /> �4 �.� NOTAR� �� <br /> > ��u.��3� ►�(g� . '(`� <br /> �; COMSAt5S10Tt 2 � n expires I <br /> . �._�,�� ,FyGP{RFS : N ary Public <br /> J� �/G.��1.���`�'Q` '� � <br /> r9lf OF N�-��QS <br />