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<br />0 0 8 8 6) Ja Fisher, Register.'of Deeds,
<br />MICROFILMED
<br />County, Nebraska
<br />MORTGAGE MICRo
<br />MORTGAGE LOAN NO. L 21,748
<br />KNOW ALL MGN BY THESE PRESENTS: That Gerald H. _Shultz and Mary Jane Shul tz, eath ' i n his and
<br />her own right and as spouse Of each' other, Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty-two Thousand and-No/100----- .---------------
<br />------------------ floLLARs
<br />loaned* to said mortgagor by The Equitable Building and Loan Association.of,Grand Island, Nebraska, Mortgagee, upon 220 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21,748 , do hereby grant, convey and mortgage unto the said ASSOCIATION_ the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT THIRTY-THREE
<br />(33) IN SASS SECOND SUBDIVISION.
<br />LOCATED IN SECTION FOURTEEN (14), TOWNSHhP ELEVEN,
<br />'01)'NORTH,. RANGE. NINE (9) WEST OF THE ;6TH P: , IN
<br />HALL COUNTY, NEBRASKA, ACCORDING TO THE. 'RECORDED PLAT
<br />THEREOF.
<br />together with all the tenements,ihere'ditaments 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 •ddeshcreby agree that the mortgagor 'sliall 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 22 , 000.00 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 liereby,.assigns, transfers • arid 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 moetg5gce 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 aid 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; futnislt approved insurance upon the buildings thereon in the sum of S 22 , 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 22 , 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 foice 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 4fortgagor 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 %Sithout
<br />furthernotice, 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 />ate d this ¢t day of August A.D., 19 75,
<br />Gerald H. Shultz M a 4 J ' e hul tz`
<br />STATE OF NEBRASKA, ss. On this 4th day of August 19 75 , before me,
<br />COUNTY OF HALL }
<br />the undersigned 'a Notary Publioin and for said County, personally came
<br />Gerald H Shultz and Mary Jane -Shu:l tz,. each ,i n his and her !own right. and as spouse of
<br />ea ch- other, who are ... personally known to .
<br />me to be the identical person S whose name _s-Y-arEt,;affixed to the above instrument as mortgagor s and the severally
<br />acknowledged the said instrument to: be `� o unta}• a t and deed.
<br />g theaC;,• ,,.x. o, ��
<br />WITNESS my hand and N-ot, afialSeal:tke,dafe•aNres ild:
<br />NIly,Commission� expires�f ^ ° �, t a77
<br />f.( Q�?� fe
<br />E j ,;RES f1 Notary Public
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