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Filed for,recora Z a t A. in Boo
<br />alpe
<br />of P
<br />Jean Aisher, Re.-istor of Dee . ds / ,
<br />Hall Countyl ilebraska
<br />NIORTGAGE__
<br />MORTGAGELOANNO. L 21869
<br />KNOVALL 1% 1 IEN BY THESE PRESENTS: That James ReisJ and Judy L. Reiss, each in.h . is and her
<br />own right a*nd'as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Sixty-three Thousand and No/100 --------- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - DOLLARS
<br />630 shares of stock of
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand �Island, N cbraska, Mortgagee, upon
<br />21869
<br />said ASSOCIATIbN, Certificate No. L , do hereby grant, corivey and mortgage unto the said ASSOCIATION the following
<br />described. real estate, situated in .1-lall County, Nebraska: i
<br />ot,
<br />LOT FOUR (4) IN BLOCK FOUR (4) IN
<br />JENKINSON SUBDIVISION, BEING PART OF
<br />THE SOUTH HALF (S-1,) OF THE EAST HALF (E-�,)
<br />OF THE SOUTHEAST QUARTER (SEQ OF SECTION
<br />TWO (2),TOWNSHIP ELEVEN�(11) NORTH, RANGE
<br />TEN (10)*WEST OF THE 6THIP.M.,, -IN HALL
<br />COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and apliurteriances thercunto belonging, including attached floor coverings, all windowscreens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plul i ribing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used ill conpection with said real estate.
<br />And whereas- the said mortgagor has agreed and does hereby agree that tile imortg�gor shall and will pay all taxes and assessments levied or
<br />.assessed upon said.premises and upon this mortgage and tile bond secured thereby before the same sliall become delinquent; to furnish approved
<br />insurance upon the buildings oil said premises situated in tile sum of s 63 , 000 1, 00 . payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any wdste on or about said premi , SOS;
<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 I tile mortgagor hereby assigns, transfers and sets over to :the
<br />mortgagee all tile rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness sliall rcn�ain
<br />I * of repairing said premises and reniing
<br />unpaid. and tile mortgagee sliall have the power to appoint any agent or agents it may desire for the purpose
<br />the same and collecting the rents, revenues and income, and it may pay out of sai4 income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals tliercftom�l the balance remaining, if any, to�be
<br />applied toward the discharge of said mortgage indebtedness; these rights.of the nl6rtgagee may be exercised at any time during the existence ofsbch
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Niortgagorl sliall repay said loan oil or before the maturity of said sharesby
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bon secured hereby as interest iind principal on said loan, oil or before
<br />the Twentieth day of each and ever), month, until said 16 an is full), paid; pay all t xes and assessments levied against said premises and oil this Mortgage
<br />and tile- Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 63 , 000 . 00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon dcmand all nioney b 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 here y agrees to pay; permit no waste on said premises; keep and comply
<br />with all the agreements and conditions of the Bond for S 6 3 , 000 - 00 this day 0 n b Ile said Mort.-agor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATIONIglil,On tlyiese presents sliall 'become null and void, otherwise they
<br />shall remain in full force and -may be foreclosed at tile 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 tile agreements and conditions ofsaid Bond-,
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure ri-6ccedings.
<br />If there is any change in ownership of tile real estate mortgaged herein, by sale or otherwise, then tile entire remaining indebtedness hereby
<br />secured sliall, at the option of Tile Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />f6rtlier notice, and the amount remaining due tinder said bond, and any other bond ior ,my additional advances made thereunder, �hall, froiri:tlic
<br />date of exercise of said option, bear interest at the maximum legal rate, and this iliortgage may then be foreclosed to satisfy the amount due on said
<br />bond, and any Willer bond for additional advances, together with all sums paid by �aid Tile -Equitable Buildin� and Loan Association of Grand Island,
<br />Nebraska for insutance, taxes and assessments, and abst , ra.cting extension charges, 1with ihteres't thereon, from date of payment at tile maximum
<br />legal rate.
<br />As provided hi the Bond secured hereby, while this mortgage remains in effect tile mortgagee may hereafter advance additional sums to 'tile
<br />makers of said Boyid, their assigns or successors in interest, which sums sliall be within tII6* security of this mortgage the sanlOi. 'as the funds originally
<br />secured thereby, the total amount of principal debt not,td exceed at any time thel original a . 'Mount of this mortgage.
<br />Dated this th day of Octo ber
<br />/jAmes V. Reiss I
<br />V
<br />STATE OF NEBRASKA, � SS.
<br />COU]
<br />James V. Reiss and Judy
<br />other,
<br />Oil this 30th day
<br />L. Reiss,' each in his
<br />me to be the i6ritical person S whose names are affixed to the
<br />7�k-no—'Ic-d�d-d-tlie-said-iiistrumetit-to.bc--the i r voluntary act and deed.
<br />W 1AI'L7 I
<br />ITRt--s� ""'- PvNK'i'ld Notarial Seal the date aforesaid.
<br />0 ARY
<br />My c6mmisgion Pxpi�cs
<br />-siull
<br />November I'
<br />-3:73:2M�"—
<br />D 19 75
<br />,lidy L. Mfss
<br />October
<br />19 75 beforenic,
<br />ried, a Nopry Public in and for said County, personally came
<br />own right and as spouse of each
<br />who are personally known to
<br />S_ and they severally
<br />
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