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<br /> 78-3,f�?�,55
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L 23.�O3
<br /> ( KNOWALLMENBYTNESEPRESENTS:That Charles D. Bosselman and Janet K. Bosselman, I175 Wlf2 P1ND
<br /> Vern Stumpenhorst and Carolyn J. Stumpenhorst, his wife,
<br /> �. Mortgagor,whether one or more,in consideration of the sum of � � � � �
<br /> Fortv Two Thousand and No/100------------------------------------------------- noLt.Axs
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Crand Island,Nebraska,Mortgagee,upon 42� shares of stock of : � �
<br /> said�ASSOCIATION, Certificate No_ L 23 e�03 ,do hereby grant, convey •end mortgage unto the said ASSOCIATION the following � � �. �� � �
<br /> � deseribed real estate,situa[ed in Hall County,Nebraska: � � � �.
<br /> PART OF NW4 OF SECTION 22, TOWNSWIP 11 NORTH, RANGE 4 WEST, WEST OF 6TH. P.M., HALL COUNTY,
<br /> NEBRASKA; MORE PARTICULARLY DESCRIBED AS: COMMENCING AT THE SOUTHEASTERLY CORNER OF THE
<br /> SAID INTERSECTION OF PHOENIX AND SYCAMORE STREETS IN GRAND ISLAND, HALL COUNTY, NEBRASKA,
<br /> THENCE RUNNING EASTERLY UPON THE SOUTH BOUNDARY LINE OF PHOENIX STREET A DISTANCE OF 125
<br /> FEET TO THE ALLEY, THENCE SOUTHERLY ALONG AND UPON THE WEST BOUNDARY LINE OF SAID ALLEY A
<br /> DISTANCE OF 108 FEET THENCE RUNNING WEST PARALLEL TO THE NORTH BOUNDARY LINE AFORESAID A
<br /> DISTANCE OF 125 FEET TO THE EAST BOUNDARY LINE OF SYCAMORE STREET, THENCE RUNNING NORTH ,
<br /> ALONG AND UPON THE EAST BOUNDARY LINE OF SYCAMORE STREET 108 FEET TO THE POINT OF BEGINNIN6.
<br /> together with all the tenements,hereditaments snd appurtenances thereunto belonging,including attached floor rnverings,all window ureens, � � �
<br /> � i window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and wator equipmrnt and acttssories thereto,pumps,stoves, � �
<br /> rcfrigerators,and other fixtures and equipment now or hereaker attached to or used in connection with said real estata . � �
<br /> " And whereas the said mortgagor has agreed and does hereby agree that the murtgagor shall and will pay all taxes and asssumrnts levied or ."�
<br /> assessed upon said premius and upon this mortgage and the bond secured thereby before the same shall become delinquent:to furnish approved ' .
<br /> insurance upon the buildings on said premius situated in the sum of$L�2�QQQ.QQ payable to said ASSOCIATION and to deliver to said � .
<br /> `,�� ASSOCIATION the policies for said insurance:and not to commit or permit any waste on or about said premises;
<br /> In cau of deCault iu the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall, �
<br /> on demand, be entiQed to immediate possession of the mortgaged premiscs and the mortgagor hereby assigns, transfers and sets over to the �
<br /> mortgagee ail the rents,revenues and income to be derived from the mortgaged premises during such time u the mortgage indebtedness shall remain � . .� '
<br /> � unpaid;and the mortgagee shall have the power to appoint any agent or agmts it may desire for the purpose of repairing said premises and rrnting - . �� .
<br /> ' the same and coileeting the rents,revenues xnd income,and it may pay out of said income all expenses of repairing said premius and necessary . � �
<br /> I 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 /> ���r default,icrespective oF any temporary waiver of the sama .
<br /> These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said Ioan on or beCore the maturity of said shares by - �
<br /> payment:pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or beforc � . �
<br /> the Twentieth day of each and every month,until said laan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage � .. � �
<br /> . and the Bond:ecured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of b42 a0��•�0 payable � � �
<br /> to said ASSOCIA'IION:repay to said ASSOClA7'ION upon demand all money by it paid for such taxes,asxssments and insurance with intercst at � � . �
<br /> the maximum legal rate thereon 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$ [}Q��OQ.��this day given by the said Mongagor to said ASSOCIATION,and comply � . . ��
<br /> with al!the requirements of the Constitution and ByL.aws of said ASSOCIATION:thm these preunts shall beeome null and void,otherwise they �. . � �
<br /> shal[ remain in fuil force and may be foreclosed at the option of the said ASSOCIATION after failurc for three months to make any of said � .
<br /> payments or be three months in arrears in making said monthly payments,or tu keep and comply with the agrcements and conditions of said Bond; . „
<br /> `..� aad Mortgagor agrces to have a receiver appointed forthwith in such forectosure proceedings. � -.
<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 /> secured shaU,at the option of The Equitable Building and L,oan Association of Grand Island,Nebraska,become immediately due and payabk without . � � �
<br /> further notiee,and the amount rcmaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the � � .,�.
<br /> ��i date of exercix of said option,bear interest at ihe maximum legal rate,and this mortgage may then be forccloud to satisfy the amount 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 assessmmts,and abstracting extension charges, with interest thereon, from date of payment a[the maximum ..
<br /> legal rate. � �
<br /> As provided in the Bond secured hereby,while this mortgage remains in effect the mortgegee may hereafler advance additional sums to the � � . '
<br /> � � makers of said Bond,their assigns or successors in intercst,which sums shall be within the sewrity of this mortgage the same as the funds originally , �
<br /> secured thereby,the total amount oC principal debt not to exceed at any time the original amount of this mortgaga � � �
<br /> i � Dated�this . day oC �"�dy A.D.,19�$ .
<br /> (/-pi�i?� �y3'ZA[�.F,��.�� � . .
<br /> ar es man mp
<br /> � � anet . osse man Carolyn tumpenh st � :
<br /> STATB OF NEBRASKA,�� . On this 5th. day of May 19 �$ ,before me, ..�--
<br /> � COUNTY OF HALL
<br /> �he unde ta P c in and or sai Coun erso ll e f '
<br /> '; Charles D. Bosselman and Janet K. Bosselman, Ms wif'e��fa�er`�i �'�umpen�iors� an�'�°aro"ty�i`�. � -, ��
<br /> �+ $tlall 1'S'C, his wife 'x'ho dY'E p�nonallyknownto I �
<br /> 7'.. Ai
<br /> .'� � � � peiwn S whox name.5 r are af£ixed to the above instrument ss mortgagor 5 and they uverally � e
<br /> � j � a�QoC�e�y�'t1�Sl�i �trument to be tI1El Y' voluntary act and deed. � � �- ,�
<br /> ��� 9��I �my hand and Notarial Seal lhe date aforesaid_ - M w}" .�q��
<br /> .nr,; . NOTARY - M� . .on expires r1� y, �',�� �'� G i�f(
<br /> � `�..i.i'iMMISSION �y�Ap� '�,` I
<br /> � � EXPIRcS �' t �v� i C+...
<br /> � � �� , i otary Public
<br /> 6`P��.91:�.••f'�� `.._1 �
<br /> .� �.�,r�Of (�����5 .
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