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Fil d for recor o?sat :%S— �, , n Book /_
<br />� J.
<br />of e. � Rp�11N`�•�
<br />�/ Je€�t Fisher, Register• of Deeds, oNC
<br />Register -
<br />Hall County, Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NOL 21,720'
<br />KNOW ALL MEN BY THESE PRESENTS: That Bill G. Schaffitzel and Betty J Schaffitzel., each in .
<br />his and her own right and as spouse of each other,
<br />Twenty One Thousand Two Hundred and No/100---------- nlortgagor,whetbezono ^r more, 'n�°nsidezationacthe sum of
<br />DOLLARS
<br />loaned to said mortgagor by The Equitable Building and. Loan Association of Grand Island, Nebraska, Mortgagee, upon 212 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,720 ; do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated iri Hall. County, Nebraska:
<br />LOT SIX (6) IN BLOCK TWENTY-THREE (23) IN COLLEGEADDITION
<br />TO WEST LAWN, IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />together with all the 'tenements, liereditaments 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, stove's,
<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 21 200 , 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 overto the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as tite mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desirefor 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 ofrepairing 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 />tite 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 21 , 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 S 21 , 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 said
<br />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 />,Pate this l�7th da of J.u.ly. A. D.:;1975
<br />Betty ./ c dffltzel
<br />STATE OF NEBRASKA, ss. ti ``
<br />ss. On this (. (� —
<br />day of Olt t_
<br />19 75, before me,
<br />COUNTY OF HALL )t
<br />the undersigned, a'Public in and for said County, personally came
<br />Bill G. Schaffitzel and Betty J.
<br />Schaffitzel,
<br />each in his and her own
<br />right and as spouse
<br />of each. other,
<br />who
<br />personally known to
<br />me to be the identical person S whose names
<br />are affixed to
<br />the above instrument as mortgagor's
<br />and .they severally
<br />acknowledged the said instrument to be thel r..-'-`;.
<br />voluntary act and
<br />deed.
<br />WITNESS my hand and Notarial Seal the ,date aforesaid.
<br />I
<br />My Commission expires. e—
<br />7,r )1317 (o
<br />Notary Public
<br />3.73.2M
<br />C
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