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<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L 23,101
<br /> ; KNOWALLMENBYTHESEPRESENTS:That Charles D. Bosselman and Janet K. Bosselman, hl5 Wlf@; and
<br /> Vern Stianpenhorst and Carolyn J. Stumpenhorst, his wife
<br /> ' � __Mortgagoq whether one or more,in con�ideration of the sum of . ��� :
<br /> � Twenty Six Thousand and No/100----------------
<br /> --- DOLLARS
<br /> loaned to said mortgagor by The Equitable Building and I,oan Association ot Grand Island,Nebraska,Mortgagee,upon 26� shares of stodc of
<br /> said ASSOCIATION,Certificate No.L23�],�j ,do hereby grant, convey and mortgage unto the said ASSOCIATION the fopowing
<br /> described real estate,situated in Hall County,Nebraska: �
<br /> LOT FOUR (4) IN BLOCK ONE (1) IN 60665 AND
<br /> HILL'S ADDITION TO THE CITY OF GRAND ISLAND,
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<br /> NEBRASKA. �- `
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<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached tloor coverings,all window sczems, �{,
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves, c�:';
<br /> refrigerators,and other fixtures and equipment now ur hereaker attached[o or used in connection with said real estate.
<br /> �� j . And whereaz the said mortgagor has agreed and dces hereby agree that the murtgagor shall and will pay all taxes and assessmenu levled or r`
<br /> assessed upon said premises and upon this mortgage and the bond uwred thereby before the same shall become delinqurnt;to furnish approved I r `•
<br /> insurance upon the buildings on said premises situated in the sum of$ 2(�QQQ.QQ payabie to said ASSOCIATION and to deliver to said � i
<br /> ` �� . ASSOCIAl'fON the policies for said insurance;and not to commit or permit any waste on or about said premises; �,��
<br /> {� [n case of default in the performance oFany of the terms and conditions of this mortgage or the bond secured heroby,the mort�gee shall, � ,.`�;.�
<br /> � on demand,be entitled to immediate posussion ofthe mortgaged premises and the mortgagor hereby assigns, transCers and uts over [o the
<br /> ._t mortgagee all the renis,mvenues and income to be derived from the mortgaged premises during such time as tht mortgage indebtednes�shall remain
<br /> unpaid:and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose oC repairing said premises and renting
<br /> �' Ihe same and collecting the rents,revenues and income,and it may pay out of said income all expenxs of repairing said premius and necessary
<br /> :E commissions and expenus incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining,if any,to be
<br /> � app lied toward the diuharge of said mortgage indebtedness;theu rights of the mortgagee may be exerciud at any time during the existence of sueh
<br /> � f$ default,irrcspective of any temporary waiver of the same.
<br /> # These Prexnts,however,arc upon'the Condition,7'hat if the said Mortgagor shall repay said loan on or before the maturity of said aharos by
<br /> payment;pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principat on said loan,on or before �
<br /> the Twentieth day of each and every rnonth,until said loan is fully paid;pay all taxes and assessments levied against said premius and on this Mortgage
<br /> - and the Bond sewred ihereby,before delinquency;fumish approved insurance upon the buildings thercon in the sum of$2(�OQ�.�� payable �
<br /> � to uid ASSOCIAT[ON;repay to said qSSOC[ATION upon demand all money by it paid for such taxes,assessments and insurance with interest at �
<br /> the maximum legal rate thereon from date of payment all of which Mor[gagor hereby agrees to pay;permit no waste on said premius;keep aad comply � �
<br /> �,�� with all the ageemmts and conditions of the Bond for S 26���0.0� this day given by the said Mortgagor to said ASSOCIATION,azed mmply
<br /> g with all the requirements of the Constitution and ByLaws of said ASSOCIATION;then these presents shall become null and void,otherwiu they
<br /> �E� �. shail remain in full force and may be foreclosed at the option of the said ASSOCIATION 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 agreemrnts and conditions of said Bond; . � �
<br /> .,��p . artd Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. �
<br /> 'p . If there is any change in ownerslup of the real estate mortgaged herein,by sale or otherwise,then the entire re+*+s�++�*+g indebtedness hereby ' �
<br /> � secured shall,at the option of The Equitable Building and Loan Association of Gzand lsland,Nebrsska,become immediately due and payabk withaut ��
<br /> � further aotice,and the amount remaining due under said bond, and any other bond for any additional advances made thereunder,shall,from the
<br /> date of exerciu of said option,bear interest at the maximum legal rate,and this mortgage may then be forecloud to satisfy the amopnt 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 assessments,and abstracting extension charges, with intemst thereon, from date oF payment at the msximum
<br /> ' legal rata
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<br /> As provided in the Bond xcured hereby,while this murtgage remains in effect the mortgagee may hereafter advance additionaJ sums to the �
<br /> � makers of said Bond,their assigns or successors in intercst,which sums shall be within the security.oC this mortgage the same at the funds originally
<br /> . aecured ihereby,the total amount oC principal debt not to exaed at any time the original amount of this mortgaga �
<br /> ��, - �acea tn;s 5th �y of May a.n.,�s78
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<br /> ".� ar es s man �
<br /> „� n Stu
<br /> {� J�net K. Bos§elman Caro J tumpenh rst , .�
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<br /> ST.4T60FNEBRASKA,t .,.y—,-..� ;
<br /> COUNTY OF HALL j��' �« 15th day of Mdy 19�$ ,beforc me,
<br /> the undersi ed,a Nota Public in and for said Count ` j' `
<br /> Sn rY Y,P�rsonallyceme �'.� }, ;.
<br /> � C#iarles �.'BoSsel�an and Janet K. Bosselman, his wife; and Vern Stumpenfiorst and Caro�n J.
<br /> �`'Stntllpenho 's wi fe , w o are a��n r fcnown to � �w s
<br /> . �^ ,�M61�! �5 ...Who9�nattlf$ , ape � effi7ced t0 th0 abOVG i7Ls[Run�qt es mortgegoi S and they severally �,t � `.'�.
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<br /> _�t�et;� t to� thei r voi,��y��a a«a. ;,�.,.� .,-��.,��
<br /> �" ;G��`' � y hand and Notai3al Seal the date aforesaid. ,.
<br /> NOTA�u C� on expires( .�.�` ��a� ` , .
<br /> � ��-COMMISSIi7�t . t��S `1 �� '��m } . -� .
<br /> � •sa!tQ EXPIRc�O,' , . ' . . �pta� ry p�blic
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<br /> �' �q�OF NE�`�P�'�� � J
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