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<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. �23,11E -
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<br /> KNOWALLMENBVTHESEPRESENTS:That Roger L. Petzoldt and Laura M. Petzoldt, each in his
<br /> and her own right and as spouse of each other
<br /> � Mortgagor,whether one or more,in consideration of the num of .� .�,.
<br /> Thirtv Three Thousand Nine Hundred and No/100--------------------------------------�y��
<br /> � loaned to said mortgagor by The Equitable Building and Luan Association of Crand lsland,Nebraska,Mortgagee,upon 339 shares of rtock of
<br /> said ASSOCIATION,Certifipte No.L 23�71� ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County,1V 6ra a:
<br /> LOT FIFTY SIX (56) WOLFE'S SUBDIVISION
<br /> IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> a NEBRASKA.
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<br /> together with all the tenements,hereditaments and appurtenances thercunto belonging,including attached floor coverings,al1 window xr�ens,
<br /> .. � window shades,blinds,srorm windows,awnings,heating,air conditioning,and plumbing and waterequipmentand acceuorfes thereto,pumps,stoves,
<br /> ,' ( rofrigerators,and other fixtures and equipment now or hereaFter attached to or used in connection with said real estate. �� i
<br /> ` � And whereas the said mortgagoc has agreed and does hereby agree that the mortg•rgor shaq and will pay all taues and asx�nmts levied or ��,,.
<br /> �f auesud upon said premises and upon this mottgage and the bond secured thereby before the same shall become detinquent;to fumish approved r;
<br /> �y insurance upon the buildings on said premises situated in the sum of S 33�9��.�� payable to said ASSOCIATION and to deliver to said
<br /> ;-1 ASSOCIATION the policies for said insurance;and not to rnmmit or permit any waste on or about said premises;
<br /> �7 In caze of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee sha11, �'
<br /> :� on demand,be entided to immediate possesaion oi the mortgaged premius and the mortgagor hereby assigns, transfers and sets over to the ` � .�.. ; _,";�. = �
<br /> mortgagee all the rents,revenues and income to be derived from the mortgaged premixs during such time as the moRgege indebtedness shall«main
<br /> unpaid;and the mortgagee shaL have the power to appoint any agrnt or agents it may desire for the purpose of repairing said prcmises and rcnting
<br /> ' the same and eollecting the rents,revenues and income,and it may pay out of said inwme all expenses of repa'uing said premises and nexssary �
<br /> ��; commissions and expenses incurred in renting and managing the same and of collecting rentals thercCrom; the balance remaining,if any,to be �
<br /> � ���p applied toward the discharge of said mortgage indebtedness;theu rights of the mortgagee may be exercised at any time during the existena of such
<br /> '�� default,irrespective of any temporary waiver oC the sama �
<br /> Thex Presents,however,are upon the Condition,That iC the said Mortgagor shall repay said loan on or before 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 said loan,on or beforc
<br /> � � �� the Twrntieth day of wch and every month,until said loan is fully paid;pay all taxes and asxumen[s levied against said premises and on this Mortgage �
<br /> �� � and the Bond secured thereby,before delinqurncy;furnish approved insurance upon the buildings thereon in the sum of S 83�900.�0 payable �
<br /> to said ASSOCIATION;repay to said ASSOCIAT[ON upon demand all money by it paid for such taxes,as�essments and insurance with interesi at ��
<br /> the maximum Tegal rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premius;keep and compiy �
<br /> with all the agreements and condjtions of the Bond for S 33�9��.��this day given by the said Afortgagor to said ASSOCIATION,and comply
<br /> '{ with alt the requirements of the Constitution and ByLaws of said ASSOCIATION;then theu prexnts shal!become null and void,otherwise thry � .
<br /> �-'i shall remain in full force and may be forcclosed at the option of the said ASSOCIATION after failurc Cor thrce months to make any of said .
<br /> ;�� payments or be three months in arrears ia making said monthly payments,or to keep and comply with the agreeme�ts and conditions of said Bond; � �
<br /> ;:� and Mortgagor agrees to have a receiver appointed forthwith in such foredosure proceedings. �- � .
<br /> ��� If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indeb[edness hereby �� �. � -.
<br /> , i secured shall,at the option etThe Equitable Building and L.oan Association of Grand island,Nebraska,become immediately due and payable without � . .
<br /> further notice, and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the � -
<br /> .;���� date of exercise oFsaid option,bear interest at the mauimum legal rate,and this mortgage may then be forocloud to satisfy the amount due on ssid �
<br /> bond,and any other bond for additional advances,together with alI sums paid by said The Equitable Building and Loan psaociation of Grand Islsnd, -
<br /> Nebraska Cor irtsurance,taues and assessments,and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br /> � legal nta � .�
<br /> As provided in the Bond secured hereby,while this mortgage remains in effect the morigagee may hereafter advance additional tums to the
<br /> ' makea�oC�aaid,Bond,their assigets or succeuors in interest,which sums sha11 be within[he security of this mortgage[he same as the funds originally � �
<br /> . � ' tecured�thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgaga � .
<br /> „; n8c�a ctris : 17th aay or Ma�, A.D..i978
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<br /> �;# en e zo
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<br /> �'� Laura M. P tzoldt '
<br /> `�� STATE OF NEHRASKA,
<br /> ' courrrr oe Hnr.L�a• On this l 7th aay oe May i97g ,�ro��,
<br /> � � � � � � � the undersigned,a Notary Publie in and for said County,peraonally came � � �,��'�
<br /> '�: Roger L. Petzoldt and Laura M. Petzoldt, each in his and her own r�F�t and as���u���o�ta � :
<br /> a re �
<br /> *• n�d'1i+ �C ' I peraon 5 whose name S at^e affixed to the above instrument as mort �
<br /> gagor5 and th2y sevetally ;� w
<br /> r�.� ��Yitav�9ea�2,�i.� �inatrumrnt to be� �they voluntary aM and deed. � �..M�''
<br /> "'�� �" �:C� � � � !';W! my hand and Notarial Ses!the date aforesaid. �� '� �
<br /> � NOi'ARY � z /� �
<br /> ; �� CO XPtRES N , mmisaion expires �d� ��b�
<br /> f 9�� `94,0 :� � Not Public
<br /> :.�'••..I.: '� `bQ �
<br /> qlF(IF NE6�Q`S
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