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Fileq ;.Cor record t Boo -
<br />i - of Pa�
<br />011050
<br />Je Fisher, Re-ister af Deeds
<br />MORTGAGE Hall County, Nebraska
<br />MORTGAGE LOAN NO. L 21,880
<br />KNOW -ALL -MEN BY THESE PRESENTS: That Arlen.G. Hilgenkamp,and Susan M. Hilgenkamp, each in'his
<br />and her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Eighteen Thousand and No/100 -------------------------------------------------------- DOLLARS
<br />loaned to said Mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 180 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 1880 - , do hereby grant, convey and mortgage unto the said ASSOCIATION the , following
<br />described real estate, situated in.1-fall County, Nebraska:
<br />LOT -R4ENTY THREE (23) AND THE NORTHERLY THREE
<br />(3) FEET OF LOT TVIENTY ;FOUR (24) 14EST LAWN, AN ADDITION.
<br />IN THE CITY OF GRAND ISLAND, NEBRASKA.
<br />together with all the tenements, liereditaments and apl�urtenances thercunto belonging,' including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating; air conditioning, and plurlibingand 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 do'es hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />.assessed upon said premises and upon this mortgdge and the bond secured thereby befo , re the same shall b.ecome delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 18 , 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, tile mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to 'tile
<br />mortgagee all the rents, revenues and income to be derived front 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 tile 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 ofsuich
<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, oil or before
<br />tile 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 18 , 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;kcep and comply
<br />with all the agreements and conditions of the Bond for S 18 1 000 . 00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />w , iih 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 />sqcured shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />ftirther notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, froin 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 tile maximum
<br />legal rate.
<br />As provided in tile 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 tile 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 14th day of November A. D., 19 7 5
<br />A")
<br />Arlen G. Hilg;d'nkamp Susan M. Hilgenkamp'
<br />STATE OF NEBRASKA, � S'
<br />COUNTY OF HALL
<br />Arlen G. Hilgenkamp
<br />o f . e a ts F,, ZQ �-, ""
<br />.be-th
<br />m C
<br />1yV
<br />On this 14th day of I . November 19 75 before me,
<br />lie gridprsigged, a Not ry Public in and for said County, personally came
<br />and Susan M. Hilgenkamp, etac in i anJ her own right and as spouse
<br />who are personally known to
<br />; !to�, rims e whose name s are affixed to the above instrument as mortgagor S and they severally
<br />n, nt to be. their voluntary act and deed.
<br />S &Y hand and Notarial Seal the date aforesaid.
<br />n ssion expires
<br />Notary Public
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