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Fil or' recor -at - IS , in
<br />of Page � ,�4- I
<br />�t n Je +iLer, Register of Deeds,
<br />Q r" �' Hall County, Nebraska
<br />MICRO
<br />MORTGAGE FILMED
<br />MORTGAGE LOAN NO. L 21 , 769
<br />KNOW ALL MEN BY THESE PRESENTS: That Charles A. Lentz and Katherine J Lentz, 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 />Twelve Thousand and No/100----------------------------------------------------- -----DOLLARS
<br />loaned to said mortgagor by The Equitable Building.and Loan Association -of Grand Island, Nebraska, Mortgagee, upon 12 0 , shares of stock of
<br />said ASSOCIATION, Certificate No. L 21, 769 , do hereby grant, convey and mortgage unto; the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOTS FIFTY NINE (59) AND SIXTY (60) IN
<br />HAWTHORNE PLACE BEING A SUBDIVISION'OF
<br />PART OF THE NORTHWEST QUARTER (NW -1,Y -OF
<br />SECTION TWENTY-TWO (22) IN TOWNSHIPJLEVEN'
<br />'(11) NORTH, OF RANGE NINE (9) , WESTi OF THE
<br />6TH P.M., 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 thei same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 12 , 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 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 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 12 000. 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 tlte,Bond for S 12 , 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 />C.Dated this day of AU9USt 19 �, 5/')
<br />Charles A. Lentz Kathe ine J. Lentz
<br />STATE OF NEBRASKA', ss. On this 1.8 th day of August 1975 , before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public. in and for said County, personally came
<br />Charles A. Lentz and Katherine J. Lentz, each in his and.her own: right and as spouse of
<br />-each other,.who are personally known to '
<br />:dPnr:nat „g.Sq., ame S are affixed to the above i t as mortgagors and they severally
<br />cknowle ed the said�t ES n �LpS�QN t el r voluntary act and deed.
<br />Ut�c1 P$l I�RY
<br />WIT1yGSS' hand;ajtd� No aria) Seal the date aforesaid.
<br />JVovc 'Ir
<br />12, 1975 �
<br />_ Notary Public
<br />- 373.2M
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