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86-- 102423
<br />MORTGAGE.
<br />MORTGAGE LOAN NC. lil-= 831 FHA --
<br />KNOW ALL MEN BY TIiESF PRISONS That A. Alan Strauch aril Ruth Ellen Strauch, each in his
<br />and her awn right and as spouse of each other, Mortgagor, whether one or more�in consideration of the sum of
<br />Phree Th _�7Y3 ISOZ 1QD. = - - -- -- — =- -- --- -_------ _- - - - - -- - - - -- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Crand island, Nebraska, Mortgagee, upon 30 shares of stock of
<br />said ASSOCIATION, Certificate No. 1, HI -831 FHA , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Halt County, Nebraska:
<br />Lot Nine (9) and the North Two-thirds (2/3) of Lot Eleven (11), in
<br />Block Three (3) in College Addition to Wes, Lawn; and also a parcel
<br />of land catmencing at the Southeast corner of the North 2/3 of Lot 11, in
<br />Block Three (3) in College Addition to West Lawn, in the City of
<br />Grand Island, Nebraska, thence west along the south line of North 2/3
<br />of said Lot Eleven (11) to the southwest corner of said North 2/3 of said
<br />Lot Eleven (11), thence south parallel to the east line of said Lot,
<br />Ten (10) Feet, thence east on a line distance Ten (10) Feet from the south
<br />line of the siad North 2/3 of said Lot Eleven (11) to the east lire of
<br />said Lot Eleven (11), thence north Ten (10) Feet to the place of
<br />beginning, being the North Ten (10) Feet of the tract %o6 that part of
<br />Lot Eleven (11) lying ittatlediately south of the North 2/3 of Lot Eleven
<br />(11), in Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto Ireh>nging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment noµ or hereafter attached to or used in 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 or
<br />assessed uprm 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 eituaied in the sum of S3, 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance: and riot to commit or permit any waste on w about said premises;
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness 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 same and collecting the rents, revenues and income, and i1 may payout of said income all expenses of repairing said premises and necessary
<br />'
<br />commissions and expenses Incurred in renting and mana,ing The same 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 murtgagee 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, arc upon the Condition, i hat if the said Mortgagor shall repay said loan, on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the Burn specified in the Bond secured hereby as interest and principal on said loan, on or before
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<br />tire Twentieth day of each and every month, until said loan is fully paid: pay all taxes and assessments levied against said premises and an this Mortgage
<br />and the Bond secured thereby, heture dchnquen;y. Iurinsh :approved insurance upon the buildings thereon in the sum of 5 3, 000.00 payable
<br />to said ASSOCIATION, repay Ri said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon trorn date of paynKnt all set which Mortgagor hereby agrees to pay: permit no waste on said premises; keep and comply
<br />with all the agreements and conditions of the Build Cur S 31000. 00 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 />shall 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, of 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 proceedings.
<br />if there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of (;rand island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and anv other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond,and any other bond for additional advances, together with all sums paid by said The Equitable Budding and Loan Association of (:rand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from dale of payment at the maximum
<br />legal rate.
<br />As provided in the Boned secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums W the
<br />makers of said Horrid, their assigns of succesa,ts in interest, which sum, shall be within the security of this mortgage the same as the finds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the origmal amount of this mortgage.
<br />Dated this 17th 'i3v of May A. D., Iii 86
<br />iUf-
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<br />STATE OF NEBRASKA,
<br />ss. On this 7th day of May Iv 86 , belong me,
<br />COUNT Oh 2iALl_ �
<br />tin undersigned, a Notary Public in and for said County, personallyeanic
<br />L A. Alan Strauch and Ruth Ellen Strauch, in his
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<br />each atxi her own rWrkit anal as
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<br />each other, ) are pe n to
<br />nie to he tin iden Goal FVr"'i S whoa !L1 lire 5 3rd' Alixed of the : ba,ve instrument sA mortgagor - -, and t -jti.y, severally
<br />acknowledged the "Ill mtvinnrnnt In iw thL'lr voluphnv aci and decd.
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