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MiCROFILME Fled for record s at `� /s (T--. i Boor / / y
<br />Pae
<br />Jean isher, 'Ec�ister,�f Deeds t
<br />.< _..
<br />=• Hall County,. Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 21'808--
<br />KNOW
<br />1,606=KNOW ALL MEN BY THESE PRESENTS: That- Donald E. Strinz and Desta A. Strinz, each, in his and
<br />her own right and as spouse of -each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Ten Thousand Four Hundred and No/100------------------------------------------- ' ---- DOLLARS
<br />loaned to said mortgagor by Tile Equitable Building and Loan Association of Grand Islandi Nebraska, Mortgagee, upon 104 ; ' shares of stock of
<br />said ASSOCIATION, Certificate No. L ?-180$ , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />SOUTH HALF OF LOTS ONE (1) AND TWO (2) IN
<br />BLOCK TWELVE (12) IN BOGGS AND HILL'S
<br />ADDITION TO -THE CITY OF GRAND ISLAND, HALL
<br />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 tile sum of S 10 4 00. 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, ithe `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 payout 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 10,40 0.00 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 10 400. 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 tite 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 du 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 4 � day of September A. D., 19 75
<br />Donald E. Strinz .-Desta A. Strinz inz �M^
<br />STATE OF NEBRASKA,1 ss. On this day of 19, : before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />..Donald E. Strinz and Desta A. Strinz, each in his and'her own right oand as spouse -of known to
<br />ousse-of
<br />each other., are y
<br />me to be the identical persong whose names are affixed to.the above instrument as mortgagors and 'they severally
<br />acknowledged the said instrument to be their voluntary act and deed,
<br />WITNESS my hand and Notarial Seal the date aforesaid.
<br />My Commission expires
<br />3:73-2M `' '" 7� BETTE J. BAKER Notary Public
<br />-.General Notary -State of Nebr. '
<br />My Commission Expires
<br />December 7,.1971
<br />• • . x.38' • • .. '
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