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<br />MORTGAGE 89.-101806
<br />r MORTGAGE I.OANAO. HI 902 FHA
<br />1 KNOW AIL MEN zYTi1F.Sli PIESE14"M:.' tut John C. Meidlinger and Jane C. Meidlinger, each in his
<br />wl
<br />and her own right, and as spouse of each other,
<br />ftlortgagor,wfietbmone wm�te. in eorarideration of rise tatm usf .
<br />TenThousand and nvtrlDO ----------------------------------------------------- - - - - --
<br />lotand to mid neop p or by The Equitable Naulding and L.wn Association of Grand island, Nebra v . Mortgagee. upon 100 shams o f skiok tif,
<br />mill ASSOCIATION. Certifi©w Nrs, til S02 FHA , do hereby grace, oomey and wort W unto the aid ASSOCIATION the: folloi ft
<br />described real edge.- situated in HO Carthq;Nebrasb:
<br />All of Fractional Lot Five.('5), in Fractional Block Seven (7), in Arnold Place in the City
<br />of Grand Island, Hall County, Nebraska, and Its Complement, being all of that part 'of. Lot
<br />Sixteen (16) , of the Cturftyl Subdivision of the Southeast Quarter of the Southwest Quarter
<br />(SE'14,SW'i). of Section Sixteem (16), in Township Eleven (11) 'North, Range Nine (9),, West of
<br />the 6th P.M., lying North .�f Division Street and East of Washington Street if the
<br />Easterly line of said. Washington Street were extended, said tracts combined
<br />forming one full Lot Sixty -Six (66) Feet on Division Street and having a
<br />frontage of One Hundred Thirty Two (132) Feet on Washington Street in said
<br />City of Grand Island, :call County, Nebraska.
<br />together with all tho tenrsuteatn, bralitaments and appurtenances thereual =•�. belonging, including attadbed floor coverings. all window screens,
<br />window shades, bllndr., storm windows, awnings. heating, air ooadi'.i ri�g,sr� plumbing and water equipment and scormcies thenta,pumps,atoves.
<br />refrigerators, and other frxtum and equipment now er hereafter art:r.bed to Q.T. mcd in connection with said real estate.
<br />And whereas the said muttaWr has agreed =L does hereby agree that 'dw mortgagor shall and will pay all taxes and aaesenents tented or
<br />aaesred upon said premises and upon this mom wad the bond secured tt;esds< before the same shall beoorne delinquent; to fitmhh approved
<br />insurance upon the buildings on, wid premises situated in the sum of S 11 , 00 d. 00 payable to said ASSOCIATION and to delitter to said
<br />ASSOCIATION fire policies f triadd hTsuraaee; and not to commit or permit any waste on or about said premises;
<br />In case of default in ilia perfortnanci of any of the terms and conditions of rhi, nmrtW. or the bond severed hereby, the mortgagee shall,
<br />on demand, be entiff6d to immediate potsesaon of the mortgaged premises and ft muftgagor hereby assigns, transfers tad soft over to the
<br />mos4w all the remit, rtmatum and income to be derived from the mortgaged premises during such time as the aarxtgage indebtedness* A mma=t
<br />unpaid: and the morrlr ape shin have the pourer to appoint any agent or agents it may desire for the propose of repairing said pmmiws and renting
<br />the same and collectirtIl Cite mutts. revenues and income, and it may pay out of said inconve an expenses of repatiri ig said premises and neasosy
<br />conenisWom and experim incurred in ranting and managing the same and of collecting rentals therefrom; the balaaa remanving, if gay, to be
<br />applied towxrd the discha po oL said nwrigage indebtedness; these rights of the mortgagee may be exercised at any time dtrrrssgi1a ezLmenee of ouch
<br />default, inr rcctit+a of any temporary waiver of the same.
<br />These Ptm nttc. how•mvi; are upon the Con(ijur. , That if the said Mortgag- it situ'! repay said loan on ar before the maturity of said states by
<br />payment; gay monthly to skid, ASSOCIATION of the sum specified in the Bond smu, -ad hereby as interest and principtd on said loan, on or before
<br />the UOriieth day of esdi and•evcry rnonth.unt J said loan is fully paid; pay all taxes and ames=cnts levied against said premises and on this MortVp
<br />and I&.- Onnd mcuted thcrrh1k, before delinquency; furnish approved insurance upon tix baitdt qpO' 'keteon in the sum of S 10 , 00 0.0 ityable
<br />to said• ASSOCUInC44; tupty to said ASSOCIATION upon demand all stoney by it paid fct: •%wh taxes, anestments and i» stance with interest at
<br />the maximum kaul mtr, thavon from date of payment all of which Mortgagor hereby agtees togwy;permitno wuteonsaidp"MiserkeepWAcomply
<br />with all the argonaut ::end conditions o6 ite Sand for S 10,000. this day given by the, =d Mortgsgzr to said ASSOCIATION. and comply
<br />with all file requiramenti. afthe Constifwiva and Bylaws of said ASSOCIATION; then these pre vents shall become null and soid. otherwise they
<br />shall regain in fidi'fi ow. and may iie hxzclosed at Ito option (if the said ASSOCIA110N tftu failure for three months to stake any of sand
<br />payments of be dotes tnunths in arrem•sin malting said monthly }wynxnts, or to keep and comply with the agreetnenftand coaditioas of s-W Bond;
<br />and MortgWr aprtim w have a receiver appointed forthwith in =dt foreclosure prozeedings.
<br />If 1119aa it arq, d'unge in ownership of the real estate mortgaged herein. by sale or otherwiw. then the entire mmainn iedebt sex lumby
<br />eecated dMrO. at-dar option of The Equitable Building and Lem Asociation of Grmd Iditrtd,Nebatka.become immodiately due oWpuytble without
<br />further notice avid ,the amount remakng duce under said bond. and any other bond for any additional aduaeaes made thereunder, shall, from the
<br />date of exociac of aaW option, bar intae.1 at the maximum legal rate. and this mortgage rosy then be fomdoted to satisfy the amount due on said
<br />bond,and mill ailitr bond for additional i dvanccs, together with all sums pallid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebtitaka flu iwtuanux, taxes and assessments; turd abstracting extension charges. with interest thereon. from data of payment at the maximum
<br />kpl into.
<br />Ar prtiv idad in the Bond secured hereby. while this mortgage remains in effect the mortgagee tray hereafter advanoe additional sums to the
<br />anal ,ml. of -slid Bond, their assigns or suommrs in interest, which sums shall be within the security of this mortgage tht same as the funds originally,
<br />wtatnd ttllreby, the total amount of principal debt not to exceed at any time the original amount of this martgrg:�.
<br />I,1) ed this 5th day of April A. D.. 1989
<br />., r.
<br />sae C. Mei linger
<br />STATE CIF NFORASKA,�ss ce
<br />(in this 5th day of April 1989 .befome.
<br />C041NTY OF IIAL.t )j
<br />the undcrsW&d. a Notary Public in and fat said County. perronatVcame
<br />John C. Meidlinger and Jane C. Meidlinger, each in his who are peraanaltykmyrnto
<br />and her own right, and as spouse of each other
<br />sae to be the iienttcat person s whose name 5 are effiixed to the above mtttuvent as tnuttgager 5 and t h e y severally
<br />aJnutrkcfdcd the tart instrunwrat to 1 their saluntuy get find dtcT
<br />1t4I FNI•bl my Land g it r :Itar:al sral the date afutru.)
<br />MY f •t1mtms_a,n ttyttet
<br />taaxta rt iEEAlI rTA�f,11riM Mrrs1� Nkli'lty Public
<br />IM[ILA d: ALUM
<br />IliiM f; Mix 110
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