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Fil d for r( t=� S.
<br />ill, Bool
<br />of .� �. Page
<br />Je Fisher, Register of Deeds, MICROFILMED
<br />Q 0 0 0 52. Hall County, Nebraska
<br />MORTGAGE'
<br />MORTGAGE LOAN NO. L 21,750 MGIC
<br />KNON ALL MEN BY THESE PRESENTS: That Terrence S. Hei ntzel lean . and Jul i'anne.. Hei ntze-1 man , each 'i n
<br />his and her -own right and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty Six Thousand and No/100-----:------------=-------=--------------- -----
<br />DOLLARS ,
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island; Nebraska, Mortgagee, upon 260 .shares of stock of
<br />said ASSOCIATION, -.Certificate No. L21 ,750 MGI!C., do hereby grant, convey aniimortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska;
<br />:FRAC. LOT FOUR (4), OF THE COUNTY -SUBDIVISION OF LOTS THIRTEEN (13) AND SIXTEEN (16).
<br />AND PART OF LOTS EIGHT (8), ELEVEN (11), TWELVE (12), AND FOURTEEN (14) OF COUNTY
<br />SUBDIVISION OF SE,SW, SECTION SIXTEEN (16), TOWNSHIP ELEVEN (11) RANGE NINE (9) AND
<br />FRAC. LOT FIVE (5), IN FRAC. BLOCK EIGHT (8) IN ELM PLACE ADDITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together. with all tire. -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 thd'said mortgagor lias agreed and does hereby 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 S26 1000.00 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. desire4or 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 recitals 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 of before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sura 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 26 ,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 agreenierits and conditions of the Bond for S 26 ,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 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 7.th day of AugUSt A. D.; 75
<br />errenceS. ern z�
<br />STATE OF NEBRASKA, ss. On this•
<br />COUNTY OF HALL 7th day of August 19,75 ,before me,
<br />the unders' �ned -a Votary Pu li in and for said.0 ty a sonally c
<br />Terrence S .: Hei ntzel man and Julianne Hei ntzel man , eaci� iii •lis and in own ri g`}i` end as fflbse
<br />of each other, who are personally known to
<br />V;Fmyle�ldre�d<qi
<br />�ff� 1 person S whose name s are affixed to the above instrutiieht as mortgagor S and they severally
<br />strument to. be their voluntary act and deed.
<br />fr
<br />yC1YITN S my hand and Notarial Seal tile• date aforesaid.
<br />WCTP Rv TIl Cpl mission expires /
<br />. N
<br />f IRES, r \� Notary Public
<br />�L �` 'OF P! EBR�S
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