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Fi ed `for reoor&I// ed, 0 /97s Ln /•'36 '. .ty. , i Boolt�
<br />0 2 Pa�zeL_:_
<br />r Je- iaiie?�, Register'of'Deeds,
<br />Hall County, Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO : L 21,521
<br />KNOW ALL MEN BYTHESEPRESENTS: That Walter H. Stull and: Nadene J. Stull ,- ekh-,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 />Nine Thousand Two Hundred Fifty and No/100-----------------------------------------DOLLARS;
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon . 92 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,521 do hereby grant, convey and mortgage unto the -said ASSOCIATION the -following'
<br />described real estate, situated in Hall County, Nebraska:
<br />LOTS TWELVE (12)', THIRTEEN (13), FOURTEEN (14),
<br />AND FIFTEEN (15), IN BLOCK SIX (6) -IN COLLEGE
<br />ADDITION TO WEST LAWN, IN GRAND ISLAND, HALL
<br />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 9 , 250.00 payable to said ASSOCIATION and to.,Acliver 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 9 , 250.00 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 9 ,250.00 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 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 Associafion 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 />Dat his
<br />VV
<br />March A. D., 19 75
<br />t�
<br />Walter H. Stull Nader r,. Stull 61
<br />STATE OF NEBRASKA, ss. On this 7th day of March 1975 , before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Walter H. Stull and Nadene J. Stull, each in his and her own right �waond aas spouse
<br />ally each
<br />other, •.
<br />n to
<br />me to be the identical persons whose name s are affixed to the above i as mortgagor S and they severally
<br />acknowledged the said instrument to be their voluntary act.and deed.
<br />19 my-hard-et►d hletafia Seal the date aforesaid.
<br />JAMES `N. OLSON ,
<br />MY Con19Ef<4Lq , $y�s'ARY
<br />fdebraska Notary Public
<br />i M o. im sslon xpjre
<br />373• " 4`" No m i 7 1 �� 7
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