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Filed for recora!� r ///9 atl1 •. in oo
<br />'
<br />Pa
<br />of
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<br />' Je Fisher, Register of Deeds,
<br />MORTGAGE Hall County, Nebraska
<br />�.
<br />MORTGAGE LOAN NO L 21 .51 2
<br />KNOW ALL MEN BY THESE PRESENTS: That JOhn.F. 'Schiman and Josephine R: Schiman.'each in his
<br />and her bwn right and as spouse of each other, Mortgagor, whether one or more;, in consideration'ofthe sum of
<br />Five Thousand and No/100------------------------------------ ---------------------- =DOLLARS
<br />.
<br />loaned to said mortgagor by The Equitable Building and Loan As of Grand Island, Nebraska, Mortgagee, upon, 50' shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 , 512 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT TEN (10), IN BLOCK ONE (1), IN AXT AND.,.
<br />HAGGE'S ADDITION TO THE CITY OF GRAND ISLAND,
<br />..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, lieating, 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 shalland will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secre 616zerebx before the same shall become delinquent; to,furnish approved .
<br />insurance upon the buildings on said premises situated in the sum of S 9 , • JU 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; 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 />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 5 , 000 ._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 5'11000.00 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 fo 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 />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 1p day of ��� �' A. D., 19 %S
<br />n c iman Qesephihe R. Schiman
<br />STATE OF NEBRASKA,�f �' �S , before me,
<br />ss. On this �• day of 19
<br />COUNTY OF NXXX SARPY
<br />the undersigned, a Notary Public in and for said County, personally came
<br />John F. Schiman,and Josephine. R.rSchiman, each in his and her. -own right and as spouse of
<br />each other, who are personally known to
<br />me to be the identical persons whose names 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 Nota al peal the date aforesaid.
<br />My Commission expires
<br />3-73-2M
<br />1N1��i%>iNMdMAI�e
<br />PHILIP J. BURY. JIL
<br />My Comm. Exp. Oct 4. 1978 _ f�
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