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Filed for.'record '
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<br />;.' l e r is!- Pe-ister of Deeds,,.
<br />i+a1i County, Iiebr2s� a
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 21,505
<br />V` KNOW ALL MEN BY THESE PRESENTS: That Erhart -J. Arndt and Dorothy J Arndt, each in his and
<br />her own right and as spouse of each other•, Mortgagor, whether one or more, in consideration• of the sum of
<br />Twenty-eight Thousand One Hundred and Noj100 ------------------------ --------- —DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan,Association of Grand Island, Nebraska; Mortgagee, upon 281 shares of.stock of
<br />said ASSOCIATION, Certificate No. L 21 s505 ; do hereby grant, convey and mortgage unto the said ASSOCIATION the Tollowing ,
<br />described real estate, situated in Hall County, Nebraska:
<br />R_zxV
<br />LOT TWELVE (12) IN CLAUSSEN SUBDIVISION, BEING
<br />A PART OF THE -WEST HALF OF THE SOUTHWEST
<br />`QUARTER (W-10-4)
<br />OF SECTION TWO (2), TOWNSHIP ELEVEN (11) NORTH, RANGE TEN
<br />(10), WEST OF THE SIXTH PRINCIPAL MERIDIAN.
<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 sliall 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 tile ,1 e sum of S28 00 . UO 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 morfgaged 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; 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 anytime 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 eaclihnd 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 28 a 100."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 l4ortgagor 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 28 ,100.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements 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 sliall, 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 tile'
<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 />Nebraska 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 28th say of February A.D., 19 75
<br />Erhart J. ndt Dorothy J. A'ndt°
<br />STATE OF NEBRASKA, ss. On this �$ –"h day of F£$ K 144A Y 19 , before me,
<br />COUNTY OF HALL
<br />the undersigned a Notary Public in and for said County, personally came
<br />Erhart J. Arndt.and Dorothy...4.. Arndt, each in hi's and her own right and as spouse of
<br />each Other, y '-�� wl1O are personally known to
<br />-�
<br />me to be the identical person S whose name S�aiFe �Ar ed ^o,the above instrument as mortgagor S and they severally
<br />c
<br />acknowledged the said instrument to be thei. y yoluMaW-actend�deed.
<br />WITNESS my hand and Notarialgeal;fhe datelaforesaid; � `iii
<br />/OjMy Commission expires J D,C%It ,
<br />Notary Nota Public
<br />i9�`� OF
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