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<br />J an Fisher, Register of Deeds,
<br />MORTGAGE Hall County, Nebraska
<br />MORTGAGE LOAN NO. L 21 .749
<br />KNOW ALL MEN BY THESE PRESENTS: That LeRoy J. Stegman and .Bernadette; A. Stegman,, each i n hi's
<br />and her own right and as spouse 'of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Fifteen Thousand Six Hundred and;No/100--------------------------------- ------------ DOLLARS .
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 156. shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,.749 -,do hereby grant, convey and -mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />h11CR(J! :'
<br />THE SOUTHERLY FIFTY-SEVEN (57) FEET, EXCEPT
<br />THE WESTERLY FOUR (4) FEET, OF LOT ONE (1)
<br />IN BLOCK FIFTEEN (15), ORIGINAL'TOWN, NOW
<br />CITY.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 15,600. 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 sliall 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 15,600.60 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 15 , 600.00this 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 aiid 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 ageces to have a receiver appointed forthwith in such foreclosure proceedings.:
<br />If there is any change in ownership of the real estate mortgaged }teiein, 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 4th day of August A. D.;19 75
<br />LeRoy J. an Bernadette A. Stegman
<br />STATE OF NEBRASKA; ss. On this. da of,before me,
<br />COUNTY OF HALL } 4th y August.'1975
<br />the undersigned, a•Notary Public in and for said County, personally came
<br />LeRoy J. Stegman and Bernadette A..Stegman,'each in his and her own right and as spouse of
<br />who dre personally known to
<br />each:sotttters
<br />No �r tli!t'�ti�nfic5eison S whose name S :are affixed to the above instrument as mortgagor S and they severally
<br />r ackoowledged;t�ie satd m trument to be their voluntary act and•deed.
<br />'r WITN -SS my hand and Notarial Seal the date aforesaid. ,
<br />C;Oir',;;�-:�1C1;'lv1yCon�mission expires
<br />�= Notary Public
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