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<br />I
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<br />88-
<br />
<br />101719
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<br />MORTGAGE
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<br />MORTGAGE LOAN NOJ:lI
<br />
<br />874
<br />
<br />FHA
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<br />KNOW ALL MEN BY THESE PRESENTS: That Dennis D. Gruener and Teresa L. Sch ieno Gruener. each
<br />in his and her own right, and as spouse of each other,
<br />
<br />Mortgagor. whether one or more, in consideration of the sum of
<br />Three Thousand and no/IOO ---------------------------------------------------------DOLLARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island. Nebraska. Mortgagi:e. upon 30 shares of stock of
<br />said ASSOCIAT!ON. Certificate NoJU 874 FHA. do hereby grant. convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in HaU 'County. Nebraska:
<br />
<br />
<br />Lot Eight (8) of Gilbert's Subdivision of Block One (I) of Gilbert's Second Addition to
<br />the City of Grand Island, Hall County, Nebraska.
<br />
<br />j
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<br />together wilh all the tenemeOls. heredilaments and appU!lenances Ihereunto belonging. including attached noor ro\'erings, al\ window screens,
<br />window shades. blinds_ storm windows, awnings. heating, air conditioning. and plumbing and water equipment and accessories thereto, pumps, stoyes,
<br />refrigerators, and other fixtures and equipment now or hereaftel attached to or used in l'Onne-l;tion wilh said re-al estate.
<br />
<br />And whereas the sai~ mortgagor has agreed and does hereby agree that Ihe fllollgagol shall and will pay aU taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond SCl;ured thereby b.:fore the s:!me shall become delinquent; to furnish appro\'ed
<br />insurance upon the buildings on said premises situated in the sum of S J, 000.00 payable to said ASSOCIATION and to deli\'er to said
<br />ASSOCI A TlO:'l1 the policies for said insurance; and not to commit or permil any w3ste on or about said premises;
<br />
<br />In ease of d.:fault in the performance of any of the terms and conditions of this Illottjl,age or the bond secured hereby, the mortgagee shall,
<br />on demand, bc entilled to immediate possession of the mortgaged premises and the 1l1l'ltgagor hereby assigns, transfers and sets owr to the
<br />morlgagee all the rents, rc\'cnues and income to be deri\-ed from the mortgaged prcmises during such time as the mortgage indebtedne!.$ shall remain
<br />unpaid; and the mortgagee Y1all ha\"C the power to appoint any agent or agenls it may desire for the purpose of repairing S3id premises and renting
<br />the same and .:uiiecting the rents, ren~nues and income, and it may payout of said inC\>me all expel1Ses of repairing said premises and necessary
<br />commissions and expenses incuued in renting and managing the same and of collecting rentals therefrom; the balllllce remaining. if an)', to be
<br />applied to.....ald the disdmge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<br />default, illespectiu~ of any temporal)' wai\-er of the same.
<br />
<br />These Presents, \\owe\-er. are upon the Condition, That if the said MOIlgagor mall repa)' S3id loan Or! or before the maturity of S!\id shares by
<br />payment; IUY monthl}' 10 S3id ASSOCIATION of the sum specified in the Rond secured htreby as interest and principal on said loan, on or before
<br />the Twentieth day of ea.:h and e\-ery month.unlil said loan is fully paid; pay all taxes and assessments le\kd against ~aid premises and oll.his Mortgage
<br />
<br />and Ihe Bond secured thtreby, before delinquency; furnish applo\'td insurance upon thl' buildings thereon in the sum of S J. 000 . 00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATIO~ upon demand all money by it raid for such taxes, assessmenlS and insurance with interest at
<br />the nuximum legal rate thereon from date of payment all of whid! MOIlf,agor hereby aglets to pay;}lttnU'no waste on faid plemises;keel' and comply
<br />
<br />with all the agreements and condilions of the Bond fOl S J , 000 .00 this day gi\'en by the said Mortgagor to said ASSOCIATION, and romply
<br />with all the requirements of the Constitution and B)'.uws of S3.id ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall renuin in full force and OU)' be foreclosed at the option of the said ASSOCIA nON after failme for three months to make any of S!\id
<br />payments or be three months in arreats in making said monthly payments. or to keep and comply with the agreements and conditions of said Bond;
<br />and MOltgago: agrees to han: a recel\'l."r appointed forthwith in such foreclosure proceedings.
<br />
<br />If tlItre is any ehange in u.....nership of the real estate 1I100tgaged herein, by sale Ot olherv.ise. then the entire remaining indebtedness hereby
<br />!ttured stWl, althe option of The &.Iuitable Building and loan Association of Grand Island, Nebraska,become immediately due and payable without
<br />fwthtr notice, and the amount remaining due under said bond, and any other bond for any additional ad\lInces made thereunder, shall, from the
<br />date of exercise of said option. bear interest at the nuximum legal rale, and this mMtgage may then be foreclosed to satisfy the amount dur. on said
<br />bond,and any other bond for additional ad\'3nces, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance. lues and assessments, and abstracling extension charges. with interest thereon. from date of payment at the maximum
<br />legal rate.
<br />
<br />As provided in the Bond secured hereby, while Ihis mortpge remains in effect the mortgagee may hereafter advance additioilal sums to the
<br />roHers of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as tlte funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any lime the original amount of this mortgage.
<br />
<br />March A. D., 19 88
<br />
<br />
<br />ST A. TE OF NEBRASKA.l ".
<br />COUNTY Of IIAll ~
<br />
<br />On this
<br />
<br />30th
<br />
<br />day of
<br />
<br />March
<br />
<br />1988 ,before me,
<br />
<br />Ij
<br />W
<br />
<br />the undersigned, a Notary Public in and for said Count)', perSOnally came:
<br />
<br />Dennis D. Gruener and Teresa L. Schieno Gruener. each in his and
<br />he~ ovn right, and as spouse of each other
<br />me to be the idtntital penon 5 whose nllme S arc affixed to the abm"c instlllmenl as mOttgagor s
<br />
<br />acknowlfdJedlhesaid Instrumenl to be the i r \'olunlliryact and deed.
<br />Y,1TNESS my hllnd and Notarial Seal the: date afole:r.aid.
<br />
<br />My Conuniult)R upire. 1/ - d ..r . J" J
<br />
<br />who
<br />
<br />are
<br />
<br />persOllally "nown to
<br />
<br />and
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