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MORTGAGE
<br />MORTGAGE LOAN NO.L 21,496._
<br />KNOW ALL MEN BY THESE PRESENTS: That A. G.' -.Schroeder and.Margaret E. Schroeder, each in his
<br />and, her own right and asspouse of each . other, Mortgagor, whether one or more, in consideration of the sum of.
<br />Thirty-eight 'Thousand Four Hundred and No/100----.
<br />DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 384 shares of stock of
<br />said 'ASSOCIATION, Certificate No. L 21 ,496, do hereby grant, convey and mortgage unto the said- ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT THREE (3), BLOCK:TWO (2) IN WESTROADS
<br />ESTATES SECOND SUBDIVISION, LOCATED IN THE
<br />,.NORTHWEST QUARTER OF THE NORTHEAST QUARTER
<br />(NW4NE4) OF SECTION THIRTY-FIVE (35), TOWNSHIP
<br />ELEVEN (11) NORTH, RANGE TEN (10), WEST OF
<br />THE 6TH P.M., IN HALL COUNTY, NEBRASKA:
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,:
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto; pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real 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 />assessed upon said premises 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.premises situated in the sum of S 38, 400.00 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 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 to immediate possession of the mortgaged premises 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 premises during such time as the mortgage indebtedness shall remain '
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of'repairing said premises and renting'
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals' therefrom; tile' 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 />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if 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 secured hereby as interest and.principal on said loan, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 38, 400.00 payable
<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 />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 S 38 , 400.00 this day given by the said Mortgagor to said ASSOCIATION,. and comply
<br />with all the requirenients of the Constitution and By -Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they •
<br />shall 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 agreements and conditions of said Bond;.
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure 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 shall, at the option'of The. Equitable Building and Loan 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 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 Building and Loan Association of Grand Island,
<br />Nel?raska• for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum'
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect 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 thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dated this 21 st _ day of February A. D., 19 75 0
<br />Schroeder c • Mirgarft E. Schroeder °'ti�Lc `n'•�
<br />is ev
<br />STATE OF NEBRASKA, ss /�d J J On this / 5 day of re dy�w r y - ��°I�' .`tet ;lief'aie
<br />COUNTY OF HALL } // '< `» �i •
<br />he µnde signed, a No ary Public in arid or said County; "peCs4nally;csme'
<br />A. G. Schroeder and Margaret E. Schroeder, eac� in h, s and -her own right and s ,;apo+ash, or
<br />each other, who are personally.known to
<br />me to be the identical persons whose name S are affixed to the above instrument,as mortgagor S and they severally
<br />acknowledged the said instrument to be their voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the date aforesaid.
<br />My Commission expiresV /s i !�%S .
<br />Filed for recor���- -:Lk, A • •3 rMn Boo Notary Public
<br />3.73-2M of -Page --L.:-
<br />— Je F�, Register of Deeds,
<br />Hall County,, Nebraska
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