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<br />MORTGAG1-- SQG L, 24,4'16
<br />MORTGAGE LOAN NO _ 14 r 7 6
<br />ICNO1>' All_ MEN BY TIIFSF gllt?.`il N- S Dial Richard Strehle and Helen K. Strehle, each in tiis and
<br />her own right and as spouse of each other, Mort ar,whetheroneormore,in consideration oft of
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<br />Intnest to said mortgagor by The Equitable, Budd;-g and Loan Anx ciation of :rand Island, Nebraskii, MonpVc, upon 66 of sloclk of
<br />said ASSOCIATION, Certificate No. L 24,726 do hereby grant, convey and inottgage unto the said ASSOCIATION ft followring
<br />described real mate, situated in Ilad C "mity, Nebraska
<br />i.ot Sever. (7), ir. Block. Ten (10) in Russel "heeler's
<br />Addition to the City✓ of Grand Island, Hall. County,
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<br />Ds+ t ols 13th day of
<br />together with all the tenemrents,t}pE } f xy n'nts :u u appLitertairces therc:nnio belongIng, including attached floor coverings. ail window screens,
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<br />- shades, blinds, storm *n4c. ft rings, hear me, an cc+ei t. ti nine, and piumb.n and cater equipment and accessories thereto, pub,
<br />refr�ratots, and other fixtures and equipment now or hereafter attached it) ;x cased in c nncctren with said real estate.
<br />And -- tereas the said mortgagor has agreed and :toes hereby agree ih r he lnoagagoT Shail and will pay all taxes and assessments leveed or
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<br />assessed upon said grenases and upon this t rtgag� and the bona cures h r b} ar are the same shall becomm delinquent; to furnish approved
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<br />insurance upon the buildings on said premises satoated ITT the sum of 5 6, :00.00 payable to said ASSOCIATION and to deliver to said
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<br />ASSOCIATION the policies for said insurance; and not to o cimatit or permit any waste on tit about said premises;
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<br />In rase of default in the performait<x of any o the ¢erns and conditions of this a xirt agz or the bond secured hereby, the mortgagee shall
<br />on demand, be entitled to immediate possession of the mti:tgaged premises anal the moril;mgcr lterebg assigns, transfers and sets over to the
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<br />mortgagee all the rents, revenues and incoorc to he derived from the v;tgasced premises during such time as the mortgage indebtedness shall remain
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<br />and the mortgagee stall have the ewer to appoint any agent or agents it may desire for the purpose of repairing said prerniscs and renting
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<br />the scare and collecting the rents, revenues and income. and it may nay out of said income all expenses of repairing said premises and necessary
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<br />commissions and expenses incurred in renting and managing the saute aril ill roliecling rentals therefrom; the balance retaining, if any, to be
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<br />applied toward the discharge of said mortgage indebwdriess; these rights of the motigagee =reay be exercised at any time during the existence of such
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<br />default, irrespective of any temporary waiver of the same.
<br />These Presents. however, are upon the Condition, That if the said Mortgagor xeaE repay, sad loan on or before the maturity of said shares by
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<br />payment; Tray monthly to said ASSOCIATION of the sum specified in the Lion d secured hereby as interest and prmicipal on said loan, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid: pay aii taxes and assessments levied against said prenuses and on this Mortgage
<br />and the Bored secured thereby, before delinquency; furnish approved mvaranc:e upon the buildings, thereon in the sum of $ 6, 600.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all amni ey by it paid for such taxes, assessments and insurance with interest at
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<br />the maximum legal rate thereon from date of payrnent all of which Mortgagor hereby agrees to pay: permil no waste on said premises; keep and comply
<br />with all the agreements and conditions of the Blind for i b, 6CG0.OU this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -laws of said ASSOCIATION: then, these presents shall become null and void, otherwise they
<br />Mall remain in full force and may be foreclosed at file 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 rwinthly payinents, 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 proceed.'ngs.
<br />If there is any change in ownership of the real estate nxiatgaged herein, by sale or otherwise. then the entire remaining indebtedness hereby
<br />secured shall. at the option of The l',quitable Building and Loan Association of Grand Island. Nebraska, becone immediately die and Viyable without
<br />Further notice, and the amount remaining due under said board, and any other bond for any additional advances made thereunder, shaF7, from the
<br />date cif exercise of saki oplxin, beat interest at the rnaxintum legal rate, and this nxirtgage may then be foreclosed to satisfy the amount dice 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 , taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximu
<br />rate.
<br />As provided in the Bond secured hereby, while this mortgage ternams ,ea c €feet the mortgagee may hereafter advance additional sums to the
<br />ma ken of said Brand, then assigns o; suc emirs its interest, which sudris shall be within die. wcuray of this rnortgatre the same as the fonds origmally
<br />accused thereby, the total amount of pr ncipmd debt not !o 2—vcd at any tilow the u£iganii an nuit of this mortgage.
<br />bled this 13th day t t January A. D., ty 87
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<br />STATE f* NEBRASKA,
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<br />Ds+ t ols 13th day of
<br />January
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<br />COUNTY Of, IS LL
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