|
<br />
<br />.r
<br />
<br />
<br />l
<br />[
<br />!
<br />~ I
<br />
<br />~" '
<br />~.".".."." "j
<br />[: 1
<br />!
<br />r
<br />r
<br />j
<br />f
<br />
<br />I
<br />r
<br />I
<br />t
<br />~...".
<br />L
<br />J.
<br />I
<br />!:
<br />r
<br />i
<br />I"
<br />i
<br />I
<br />I
<br />I
<br />
<br />,
<br />i
<br />f
<br />\
<br />i
<br />I
<br />I
<br />i
<br />\
<br />.\
<br />;
<br />!
<br />
<br />
<br />I
<br />
<br />88_102006
<br />
<br />MORTGAGE
<br />
<br />MORTGAGE L.OAN NO. L 75 .0 ] 9
<br />
<br />KNOW ALL MEN BY llUlSE PRESENTS: That Louis R. Schipman and Jane A. Schipman, each in his and
<br />her uwn right, and as spouse of each other,
<br />
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Thirty Thousand and no/]OO --------------------------------------------------------DOLLARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Luan Asr.ocialion of Grand Island, Nebraska, Mortgagee, upon 300 shares of stock. of
<br />said ASSOCIATION, Certificate No. L 25,0] 9 , do hereby grant, convey and mortgage unto the said ASSOCIATION the foUowing
<br />described real estate, situated in Hall Comity, Nebraska:
<br />
<br />Lot Eight (8), Block Seven (7), Koehler Place, an Addition to the City of Grand Island,
<br />Hall County, Nebraska.
<br />
<br />~
<br />
<br />..
<br />
<br />tDFther with all the tenements, hereditaments and appurtenances thcreunto belonging, including attached floor COYllrings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, ami plumbing and watcr equipment and accessories thereto, pumps,stO\"eS,
<br />refrigerators,and other fIXtures and equipment now or hereafter attached to or used in conncction with said real estatc.
<br />
<br />And whereas the said mortgagor has agreed and does hcreby agree that the mmtgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereb)' bcfore the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 30,000.00 payable to said ASSOCIATION and to deiiwr to said
<br />.'\SSOCIATION the policies for said insurance; and not to I,;ommil or permit any wastc un or about said premises;
<br />
<br />In case of default in thc performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />0., demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, trnnsfers and sets owr to the
<br />mortpaee aU thc rents, rcwnues and income to be derived from the mortgagcd premises during such time as the mortgage indebtedneS$ shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the ISI.me and collecting the rents, rcvenues and income, and it may payout of said income all expenses of repairing said premises and necessary
<br />commissions Ind expenses incurred in renting and managing the same and of collccting rcntals 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 tL"'1C during the existence of such
<br />dttaull, irrespective of any temporary waiver of the same.
<br />
<br />Theil: Presenls, huwever, are upon the Condition, That if the said Mortgagur shall repay said loan on or befme the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond sel:ured hereby as interest and principal on said loan, on or before
<br />ItIe Twenl ielh day of each and eYllry month, unlil said loan is fully paid; pay all laxes and assessments levied against said premises and on this Mortgage
<br />
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 30,000 . 00 payable
<br />to Slid 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 aglet:s to pay; pennit no waste on said prcmises;kecp and comply
<br />
<br />wilh all the lIgreements and conditions of the Bond for S 30,000 . 00 this day given by the said Mortgagor to said ASSOCIA TlON, and comply
<br />with III the requirements of the Cunstitution 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 lailure for three months to make any of said
<br />payl1'.enls or be three months in aHears in making said monthly payments, or to kee-p and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have 'a rcceiwcr appointed forthwith in such foreclosure proceedings.
<br />
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otbefWise, then the entire remaining indebtedness hereby
<br />leCured shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further nalke, Ind the amount. remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of ell.ercde of lSI.id option, bear interest at the maximum legal ratc, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond,and any other bond for additional advances, tog.lther with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebn*a for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment It the maximum
<br />kpI ralf!.
<br />
<br />As provided in the Bond secured hereby, while this mortgage remains in effect thc mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within Ihe securily of this mortgage the same as the funds originally
<br />'lCQIJed lhereby, the total amount of principal debt not to cxceed at any timc the uriginal amount of this mortgage.
<br />
<br />day of
<br />
<br />Apri 1
<br />
<br />A. D., 1988
<br />
<br />': .Tane'A~'Schipman
<br />STA'fE.O. f NEBRASKA,' 55.
<br />COUNTY OF "ALL ~
<br />
<br />25th
<br />
<br />day of
<br />
<br />April
<br />
<br />1988 bef,
<br />, ore me,
<br />
<br />On this
<br />
<br />the undersigned, a Notary Public in and for said County, personally came
<br />in his and her own
<br />
<br />Louis R. Schipman and Jane A. SchipmanJ each
<br />t;ight, and as spouse of each other
<br />me to be the identiCal f!'Crllms whoit' IlIOle s are IIfflXed to the above instrument as mOTtgagor S
<br />
<br />admowletJaed the said in~rumentto be the i r voluntary ael and deed.
<br />W1TN1~ my hand and Notarial Seal the date a(oresaid,
<br />
<br />My Commission expires //- ~~-- Yt
<br />
<br />who
<br />
<br />are
<br />
<br />personally known to
<br />
<br />and they
<br />
<br />SIlveraUy
<br />
<br />..ta... ..
<br />
<br />
<br />a"J2ILG~f2/J':<<
<br />
<br />Nutllry Public
<br />
<br />__ ..._-..... If.....
<br />JOI\NHE G. ~
<br />.., C-. bJ. MM. 25, 1.
<br />
|