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Sat 9 0 1d. , .in oolt_
<br />Filed for recor .
<br />of Page=- •-
<br />?' Je fisher, Register tif,Dt eds.V.
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<br />Hall -County,. Nebraska _ 4�
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 21,580
<br />KNOW ALL MEN BY THESE PRESENTS: That John . J . Steffes, Jr. and C1 ai re k. tie 'i'•fes , his wife,
<br />Mortgagor, whether one or more, in consideration, of the sum of
<br />Eighteen Thousand Two Hundred and No/100----------------------------=-----------=- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon . 182*1 shares of stock of
<br />said ASSOCIATION; Certificate No. L 21 , 580 , do hereby grant, convey and mortgage unto the said- ASSOCIATION, the following
<br />described real estate, situated in Hall County,.Nebiaska:
<br />LOT THREE (3)., IN BLOCK TWENTY-TWO (22),
<br />IN RUSSEL WHEELER'S ADDITION TO THE CITY
<br />- OF GRAND ISLAND, HALL 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 18 , 200.00 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 if 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 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 saidloan on or before the maturity of said shares by:
<br />payment; pay monthly to said ASSOCIATION of the sum, specified in the Bond:sccured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of cacti 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 18 , 200.00 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 Sl 8 ,200.00 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 Tile 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 1st day of May A. D.,.1975
<br />o n . �, fes Jr. Claire St f
<br />STATE OF NEBRASKA, ss. On this 1St day of May 19 75 , before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public tn'and for said County, personally came
<br />John J. Steffes, Jr. and Claire A. Steffes, his wife,
<br />who are personally known to
<br />to AMc1
<br />jl'4joe erson 5 whose name s are. affixed to the above instrument as mortgagors and they severally
<br />ac dwtedgec'tlj�-.aid i 'trument to be their- voluntary act and deed.
<br />NOTARY TN my hand and Notarial Seal the date aforesaid.
<br />co imi1SS10 '
<br />S EXPIRES 1 Co fission expires
<br />�1`O t otary Public
<br />c!' UST 31. ti : Sty
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<br />0F N EBR�`S
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