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<br /> 7s- U02991
<br /> MORTGAGE
<br /> (� � MORTGAGE LOAN NO. L 23,114 ..
<br /> ! I4JOWALLMENBYTHESEPRESENTS:That Charles F. Lange and Colleen E. Lange, each in his and �
<br /> her own right and as spouse of each other
<br /> ��� Mortgagor,wheiher one or more,in consideration of the sum of � � � _
<br /> ; Fi ve Thousand Fi ve Hundred and No/100-------------- -----------------mLLA�ts
<br /> �� loaned to said mortgagor by The Equitabte Building and Luan Association of Grand[sland,Nebraska,Mortgagee,upon 55� st,8r�:oe nocic of -
<br /> said ASSOCIATTON,Certifipce No.L 23���4 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the fotlowing
<br /> dexribed resl estate,situated in Hall County,Nebraska: . . � ,
<br /> LOT TWO (2) IN BLOCK EIGHT (8)
<br /> IN THE BONNIE BRAE ADDITION TO
<br /> THE CITY OF GRAND ISLAND, NEBRASKA
<br /> � together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens, , � .
<br /> window shades,bGnds,storm windows,awnings,heating,air conditioning,and plumbing and wamr equipment and acassories thereto,pumps,stoves, , �
<br /> refrigentors,and other fixtures and equipment now or hereafter at[ached to or used in connection with said reat estate.
<br /> And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br /> ��i, . assesud upon said premius and upon this mortgage and the bond secured therebY beforc the same shall become delinquent;to furnish approved �
<br /> .�.�+ insurance upon the buildings on said premises situated in the sum of S 5.5��.U� payable to said ASSOCIATION and to deliver to ssid
<br /> ASSOCIA770N the policics!or said insurance:and not to commit or permit any waste oa or about said premius;
<br /> .�i In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall, � ;'.�
<br /> �� . on demand,be entitled[o immediate posussion of the mortgaged premixs and the mortgagor hereby assigns, transfers and sets over to the ' , :r�
<br /> mortgagee all the rents,revenues and incomo to be derived from the mortgaged premises during such time as the mortgage indebtedness shaU remain . .
<br /> unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpou of repairing said premises and renting . ,
<br /> ' the same and wllecting the rents,revenues and income,and it may pay ou[ of said income all expenses of repairing said premises and neceuary -
<br /> i commissions and expenses incurred in rmting and managing the same and of collecting rcntals 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 existrnce of mch
<br /> _��.�� default,inespective of any temporary waiver of the same_
<br /> These Presents,however,am upon�the Condition,That if the said Mortgagor shall repay said loan on or beforo the maturity of said shares by �
<br /> -( paymmt;pay monthly to said ASSOCIATION of the sum specified in the Bond ucured hereby as interest and principal on said loan,on or before
<br /> � the Twrntieth day of each and every month,until said loan is Cully paid;pay all taxes and assessments�evied against said premises and oa this Mortgage -
<br /> and the Bond secured thereby,before delinquency:furnish approved insurance upon the buildings thereon in the sum of S rj�SQQ.QQ paYabk � "
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> tM mazimum legal rate thereon From date of paymmt all of which Mortgagor hereby agrees to pay;permit no waste on said premius;keep and comply � .�-
<br /> with aA the agreements and conditions of the Bond for S 5,5��.�0 this day given by the said Mortgagor to said ASSOCIATION,and comply � �. .
<br /> with all the requirements of the eonstitution and By-Laws of said ASSOCIATION;[hen these presents sttall become null and wid,othezwiu thry . . .
<br /> shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failum for three months to make sny 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 of said Bond; � �� -
<br /> and Mortgagor aBces to have a receiver appointed forthwith in such foredosure proceedings. . - �
<br /> [f there is any change in ownership oC the real estate mortgaged herein,by sale or otherwise,then the rntire re�++9:�;rtg indebtedness hereby �. .
<br /> secured shall,at the option of The Equitable Building and Loan Association ot Grand Island,Nebraska,beeome immediately due and payable without �. � .
<br /> ' further notice,and the amount remaining due under said bund,and any other bond for any additional advances made theremder,shall,from the . -� .
<br /> date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foreclosed 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 Bu�ding and Lofln Associntion of Grand Island, � �
<br /> Nebroska Cor imurance,taxes and asaessments,and abstracting extension charges,with interest thereon, from date of paymmt at the maximum � � .
<br /> legal rata . ...
<br /> As provided in the Bond secured hereby,while this mortgage remains in etfect the mortgagee may hercafter advance additional suma to tht � � � .
<br /> makers of said Bond,theit assigns or succeuon in intereu,which sums shall be wilhin the security of this mortgage the same as the Funds originally �
<br /> .secured.thereby,the total amount of principa!debt nol to ezeeed at any time the original amount of this mortgaga � �
<br /> � � t�' ��th. yof Md,Y A.D..19]$ � .. . .
<br /> .Gt�.i .//lit/riJ/�"-
<br /> 'r s F. L ge
<br /> ;� "
<br /> ;s Colleen`E: Lange �
<br /> a` STATE OF NEBRASKA. � On this �7th. day of Md,y 19 78 ,before me, ' r
<br /> � COUNTY OF HALL� - y,,.:
<br /> � � � � � � the undersigned a Notary Public 1n and for said County,personally came � �
<br /> � Charles F. Lange and Colleen E. Lange, each in his and her own right and as spouse of each 4' � ,� :,
<br /> �� OLFIeY'.. .. .... . .. � . � .-. � who dT'2 P�rsonally known to . �: ,
<br /> ��
<br /> } , me to be the identical perwn 5 whox name S are sffixed to the above insttument u mortgagor S snd ttle,Y severallY �.` p�
<br /> ` acknowledged the said instrument to be thej r wluntary act and deed. Y ' ''`� �
<br /> � ,:.��
<br /> Y::t� . . WITNFSS my hand and Notacisl Sesi tiae date aforesaid. .. -+�"���.� .
<br /> � : , ...
<br /> � ; �--j' _:,..._. � .
<br /> MyCom . -,.�f /�/ _. �
<br /> � OENERAL NOTARY-Stafn nf Nebrasb r�`• ' v,G' 2�C_.t'_..
<br /> � � � JDY 8A.BEAZLEV J � .'N tary lic
<br /> � � . �t.�� � � NY�'emm.F�c�-Sept.l.1981 � .
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