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Filed for recor at 'o S M. ; - Bo�of
<br />gpl�CFi1� of S9ef�age�Je Fisher, Registeeds,
<br />Hall County, Nebraska.
<br />MORTGAGE'.
<br />MORTGAGE LOAN NO L 21 ; 571
<br />Q KNQwALL MEN BYTHESE PRESENTS: That .James V. Reiss and Judy 'L. Reiss,• each'in his and her own
<br />rlg ht .and as spouse of each o thee, Mortgagor, whether one or more, in consideration of the sum of
<br />Fifty-six Thousand Eight Hundred and No/100----------------------=--------=-------DOLLARS
<br />loaned to said mortgagor by The Equitable Builaiaa and Loan Association of Grand Island, Nebraska, Mortgagee, upon 568 shares of stock of
<br />said ASSOCIATION; Certificate No. L 21 571 , do hereby grant, convey and mortgage unto. the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT FOUR (4) IN BLOCK FOUR (4) IN
<br />JENKINSON SUBDIVISION, BEING PART:OF
<br />THE SOUTH HALF :(S 2) OF THE EAST HALF (E 2)
<br />OF THE SOUTHEAST QUARTER (SE4)'OF SECTION
<br />TWO (2) TOWNSHIP ELEVEN (11) NORTH, RANGE
<br />TEN (10) WEST OF THE 6TH P.M., IN HALL
<br />COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, ail .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 56,800.00 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; 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 56 ,800.00 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. 56 ,800.00 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 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 29tp,?. Pay of April A. D., 1975
<br />ames V. Reiss edy LaReiss
<br />STATE OF NEBRASKA, ss. On this 29th day of April 19 75 , before me,
<br />COUNTY OF HALL
<br />the unde signed, a Notary Pulie in nd for said Countyd� ersonal came
<br />James .Reiss•and'Judy.L. Reiss, each in his and her own rig h� an c� as spouse eacn'
<br />who are personally known to -
<br />fACk
<br />• N Eikl' son S whose names are affixed to the, above instrument, as mortgagor and they., . severally
<br />ac Sfiiedged 119d'in ument,to,be their 'voluntary act and deed:
<br />NOTARY l my hand and Notarial Seal the date aforesaid.
<br />COMMISSION2 ,l
<br />'GEXPI,RES 1�Yom fission expires
<br />cUsl 31. �: •� Q. 1 Nary Public.
<br />Of. N E6RQ►
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