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<br />MORTGAGE
<br />MORTGAGF> LOAN NO. 24,754
<br />IPM MI. MEN BYTHME NTS: That Jane C. Meidlinger and John C. Meidlinger, each
<br />in his and her own right and spouse of each other,
<br />M one a move, in of the sum of
<br />kinned to said mortgallor by The Fluitable BuddiMaind tAian Association of Grand 1 520 of Rode of
<br />and Assoctatw Ceett'eate No. L 24,754 do here �r Brant, convey and unto the ASSOCIATION the f .
<br />describeil red .st in Hall County, : All of Fractional Lot Five (5), in Fractions
<br />Block Seven (7), in Arnold Place, in the City of Grand Island, Nebraska, and
<br />its complement, beiag all of that part of Lot Sixteen (16), of the County
<br />Subdivision of the Southeast Quarter of the Southwest Quarter (SEkSWe) of
<br />Section Sixteen (16), in Township Eleven (11), North, Ranee Nine (9), West
<br />of the 6TH P. M., Lying North of Division Street and East of Washington
<br />Street, if the Easterly Line of Said Washington Street were extended, said
<br />Tracts Combined forming one Full Lot 66 Feet on DivisionStreet and having a
<br />frontage of 132 feet on Washington Street, in said City of Grand Island,
<br />Hall County, Nebraska.
<br />together with all the tenements, hereditanKnts and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window sins, blinds, storm windows, awnings, !eating, air conditioning, and plumbing and water equipment and accessories thereto, p amps, stoves,
<br />refri laraton, and otter furtucs and equipment now or hereafter attached to or used m connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied Of
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 5 2 , 0 0 0 . 0 0 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 caw of default in the perform%= of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee mall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assns, transfers and sets over to the
<br />mortpVc all the rants, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness sail remain
<br />unpaid; and the mottgape ,hall have the power to appoint any agent or agents it may desire for the purpose of repairing aid 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 />consaussions and expenses incurred m ten" and managing the sane 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 of such
<br />default, irrespective of any temporary waiver of the same.
<br />These presents, however, are upon the Condition, That if the said Mortgagor stall repay said ban on or before the maturity of said sham by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, on or before
<br />the 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 M
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the son of S 5 2 0 0 0 .,p Q payable
<br />to said ma
<br />ASSOCIATION; repay to aid ASSOCIATION upon demand all money by it paid for such taxes, is and' with entered at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby gees to pay'. permit no waste on said premises, keep and comply
<br />with aft the agreements and conditions of the Bond for $ 5 2 , 0 0 0 . 00s day given by the said Monpigof to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By-laws of said ASSOCIATION; then thew presents shall become null and void, otherwise they
<br />slag 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 aid Bond;
<br />and Mortga" agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any charm in ownership of the real estate mortgaged herein, by ale or otherwise, then the entire remaining indebtedness hereby
<br />starred shall, at the option of The Equitable Budding and inn Association of Grand Island, Nebraska, become immediately dux and payable without
<br />further notice, and the amount ienuumng die under said bond, aid any other bond for any additiwml advances made thereunder, shall, from the
<br />deft of exeerace of said option, lags interest at the maximum legal rate, and the mortgap army then be foreclosed to satisfy the amount die on said
<br />boad,and my other bond for additional advances, together with all lama paid by said The Equitable Building and Loam Association of Grand t
<br />Nebraska for insurance, taxes and ancuments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />Ing raw.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee ray hereafter advance additional smm to the
<br />Bond, makers of =W their assigns or successors in interest, which sums shall be within the security of this mortW the same as the funds originally
<br />secured thereby. the total amount of principal debt not to exceed at any time the original amount of this
<br />DaW this 26th. day of March A.D.. 19 8 7
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