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Filed for- recor at a __.li. ..n1300k--- LLZ
<br />of� -x-�—, Pale .• _. .. --
<br />Je Fisher, Fie is�er of Dce�s,
<br />Hall County, `11eUraslza
<br />MORTGAGE
<br />MORTGAGE LOAN,NO.. L 21,538
<br />KNOW ALL MEN BY THESE PRESENTS: That. James A. Souder and Susan Marie Souder'; each in his
<br />V
<br />and her own right and as spouse of each.other, Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty-six Thousand and No/100--------------------------------------------`-------DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 260 ' shares of stock of
<br />said ASSOCIATION, Certificate No. L21 , 538 , do hereby grant, convey and mortgage unto tile said ASSOCIATION the following
<br />described real estate, situated In Hall County; Nebraska:
<br />LOT TWELVE (12) IN BLOCK ONE (1) IN ;
<br />IMPERIAL VILLAGE SUBDIVISION, CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />togetherwith all the tenements, liereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and wafer 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 thereb6 before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 26 , 000 . 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 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; tire- 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, arc 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 26 , 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 26 , 000.00 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 />band, 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 ext;nsion 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 />Pa ed this 31s ay of March D,, 19
<br />aures A. Souder Susan Marie Souder
<br />STATE OF NEBRASKA,' ss On this 3%/Lr day of 195 ,before me,
<br />COUNTY OF HALL}
<br />the u dprsigned a otary Public ip a d for said County, personally •ame
<br />James A. Souder. and Susan Marie Souder, each in ails and-.er own right ani as spouse of
<br />who are personally known to
<br />each other,
<br />me to be the identical person Sose name S, tare affixed to the above instrument as mortgagor S and they severally
<br />acknowledged the said.instrumgtto bF kkl athQlr���•Q�luntary act and deed.
<br />WITNESS j y hand-,andfNotaria� Seal4�refdate aforesaid.
<br />My Commission expires` �� -� ��r
<br />1 Notary Public
<br />3732Me�C y 7
<br />1 OF i`
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