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<br />Yi1nd -ror.record // /
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<br />31all Coun
<br />MORTGAGE.
<br />MORTGAGE LOAN NO. L 21,861
<br />KNOW ALL MEN BY THqSE PRESENTS: That Patrick L. Thblen and�Marlene A. Thelen,
<br />ch in his
<br />and her own right and as spouse of each other
<br />Mort agor,'whether one;,or more, in consideration of the sum of
<br />Thirty Thousand and No/100 -------------------- =------
<br />DOLLARS
<br />loaned to said mortgagor by Tile Equi - table Building and Loan Association of Grand Island, ebr , aska, Mort agee, upon 300 shares of stock of
<br />said ASSOCIATION, Certificate No: L 21,861 do hereby grant, convey an I* mortgage unto th& said.ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />IOT FIFTEEN '(15), IN BLOCK "D", IN "PARKVIEW
<br />SUBDIVISION", LOCATED':IN THE NORT�HEAST QUARTER
<br />.:(NE-,) OF SECT -ION TWENT'Y-NINE (29 AND THE
<br />:NORTHWEST QUARTER (NW,��) OF SECTION TWENTY-EIGHT
<br />,,(28), ALL IN TOWNSHIP.ELEVEN (11� NORTH, RANGE
<br />'NINE (9), WEST OF THE SIXTH PRIN iPAL MERIDIAN
<br />�N HALL COUNTY, NEBRASKA.
<br />together with all the tenerrierits, liereditaments and appurtenances therpunto belonging, including attached floor coverings, 'all "Window screens,
<br />window shades, blinds, storm windows', awnings, heating, air conditioning,,' and plumbing an water equipment -and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached t"o or used in conn ction with said real estate.
<br />And whereas the said mortgagoe has agreed and does hereby agree that tile mortgagc r shall and will pay all taxes and s - scssments levied or
<br />assessed upon said premises and upon; this mortgage and tile bond secured thereby before 'tile 'same shall ;become delinquIent; to furnish approved
<br />insurance upon the buildings on said Premises situated in tile sun, of S 30 000. 00 payable to said' ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said in4urance; and not to commit or permit any waste on or about said
<br />premises;
<br />In case of default in the performance of any of the terms and conditions of this mor
<br />tgag6 or the.bond secured hereby, �'lie mortgagee sliall,
<br />on demand, be entitled to immediate � possession of tile mortgaged premises and the rnortgag6r hereby assigns, transfers and -iets over to the
<br />mortgagee all the rents, revenues and income to be derived from tile mortgaged premises dt ring'such time as the mortgage indel3tedness sliall remain
<br />unpaid; and the mortgagee shall have tile power to appoint �ny agent or agents it may desiry for,' the purpose of repairing said Oremises and renting
<br />the same and collecting tile rents, revehues and income, and it may pay out of said income I all I expenses of 'repairing said prein.i�es and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting r ntals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said niortgage indebtedness; these rights of the mortgagee n1la ' be exercised at any time during the existence ofsuch
<br />default, irrespective of any temporary W�aiver of the same. y
<br />These Presents, however, are upo: n the Condition, That if the said Mortgagor sliall rep: y sa I id 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 li(rcb�, as interest and principal on said loan, on or before
<br />ti . ic Twentictliday of each and every m.ontli,until said loan is fully paid; pay all taxes andassessme'rits leviedagainst said premises andon this Mgrtgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for su sum of S 30!000.qo payable
<br />t
<br />ch taxes, assessments and insurance wit i interest at
<br />th.e 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 040 his day given by llie said Mortgagor to said ASSOCIATION, and comply
<br />with.all the requirements of the Consti'tution and By -Laws salP2990-TION; then these presents shall become null and Void' otherwise they
<br />sh'all remain in full force and may be foreclosed at the option of the said ASSOCIATIOT, 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 omply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure procc
<br />edings.
<br />If there is any change in ownership of the real estate mortgaged lierem, by sale or othcrwi�e, then the entire remaining indebtednes� hereby
<br />secured sliall, at the option of The Equitable Building and Loan Associatioii,of Grand Island Nebiaska, become.immediately due and payable without
<br />further notice, and the amount remaining due under said'bond, and any other bond for ny additional advances made thereuilder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage �
<br />may then be foreclosed to satisfy the -amount due on said
<br />bond, and any other bond for additionffl advances, together with all sums paid by said The E uita.ble Building and Loan Association of Grand Island,
<br />Nebiaska for insurance, taxes and assessments, and abstracting extension charges, with inter st thercon, 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 rrortgiigee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors in interest, which sums sliall be within the seurity of this mortgage the same as�tlie funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original an ount of this mortgage.
<br />Dated this 24th day of October A r1i 16 7 1; J
<br />Patrick L. Thelen
<br />MarT6ne::A. Thelen
<br />STATE OF NEBRASKA,
<br />COUNTY OF HALL ss. On this 24th day of October 19175 beforeme,
<br />the undersigned, a Notary Public in qnd for said Coun'ty,'personally came
<br />Patrick L. Thelen and,'Marlene A. Thelen,.each in his a�d hpr nwn
<br />right and as spouse of each,_ofh��
<br />me to be the ideii'ticdl person s Whoscnameis� to the above
<br />acknowledged tile said instrument to be �'ivo`hm6rj'act�and deed.
<br />WITNESS my hand and Notarial Seal)the.date aforesaid.
<br />My Commission cxpire�:
<br />3-73-2M
<br />who
<br />as mortgagor S
<br />are �ers,onally known to
<br />and they severally
<br />Notary Public
<br />
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