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86- 103979
<br />MORTCAGE
<br />MORT(' ;A( ;Fl LOAN NO. ___i
<br />KNOW ALL MEN BY -1IMSE PRESENTS: -f hat Kenneth H. Schmidt and Phyllis C. Schmirtt, each in his
<br />and her own right and as spouse of each other, and Raymond J. O'Connor and Jennifer S.
<br />O'Connor, each in his and her own right and as spouse of each other,
<br />Mv- rtgago`, whether one or m.)re, in consideration of the sum of
<br />DOLLARS
<br />k> -d to said mortgagor by The Equitable Budding and Loan Association of Grand island, Nebraska, Mortgagee, ups 90 – 'tares of stns: of
<br />said ASSOCIATION, Certiftrate Vs.. 1. 23,556 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Nall County. Nebraska:
<br />Lot Fifty five (55), in Hawthorn,2 Plate, being a
<br />subdivision of part of the Northwest Quarter (W-i) of
<br />Section Tt,+enty Two (22) , Township Ele✓en (11) North,
<br />Range Nine (9) West of the 6th P.M., Hall County, Nebraska.
<br />together with all the tenements, heredttaments and appurtenances rheteumto helonging, including attached Door coverings, all window screens,
<br />window shades. Minds, storm windows, awnings, heating. an cnmirtioning, and plumhing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to ar used +n csaniacilun with said real estate.
<br />And whereas the said mortgagor has agreed and does herebv agree ilia: the mortgagor ;hall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the pond secured i•c!ehv before the same shall become delinquent; to famish approved
<br />insurance upon the buildings on said premises %floated in the sum of $ 9,000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance, and not to commit of permit any waste on tit about said premises;
<br />In case of default ill the performance of any of the lentis and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, br entitled to immediate possession of the nuntgaged premises and the mortgagor hereby assigns, transfers arts sets over to the
<br />mortgagee all the rents, revenues and income to he derived from the mortgaged premises during such lime as the mortgage indebtedness shall retrain
<br />unpaid; and the mortgagee shall have the power m appoint any agent or zgents o itlay destre lot the purpose of repating said premises and renting
<br />the same and collecting the rents, revenues and income, and it nfav pay out e,f said income all expenses of repairing said premises and necessary
<br />cominissions and expenses incurred in renting and iranagmg the name and r,; collecting rentals therefrom: the balance retraining, if any, to be
<br />applied toward the discharge of said mortgage indehtedness. these rights of the mortgagee may he 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 like C1:r:dftion -That ff!he said kl -1 agof .hail repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASS! ('IA I Ira =,f the. sum specified ;n till, hoed secured herebv as interest and principal en said loan, on or before
<br />the Twentieth day of each and every month . until said loan is fully paid; pay It taxes and assessments levied against said premtses and on this Mortgage
<br />and the Bsmd secured thereby, hoofe dchnqucnca, Iunnsh approved insurance upon the buildings theieun to the sum of S 91000 . 00 payable
<br />to said ASSOCIA7't(1N; repay to aafd ASSOCIATION upon demtand ail mun-ey by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate rhercon from date of pay men! : :!l of which Mortgagor hefehv agrees to pay; permit nu waste on said premises; keep and comply
<br />with all the agreements and cemdutons of the Itood for S 9,000,00 the day gnrn by the said Mortgagor to said ASSOCIATION, and comply
<br />with a!1 the requirements of the Consrtution aid By -Law:s of said ASSOCIA "LION; then these present, shall become null and void, otherwise they
<br />shall remain in full force and may be rixcciosed at the option e1 tilt said ASSOCIATION after failure for three months to make any of said
<br />payments tic be three months in arfeats in rn4m`_, said monthly payments, or to keep and Wfnph with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a recover appointed forthwith in such forcclosmc pioceedings.
<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 Fquhabic Building and Loan Association of c, :and Island. Nebraska, become immediately due andpayable without
<br />further notice, and the amount rermairune, due undet said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear utta!esi al,, the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount duce on said
<br />bund,artd any other bond for additional advances, together with all situ paid by said The I.gwtaN Building and Loan Association of (;rand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extenswn charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby. while this mortgage remains u) effect the mortgagee may hereafter advance additional sun& to the
<br />makers of said Bond, their assigns.,f ;ticcesxrrs m mteerst, which sums shal! be wuh.,, :;ie secutity of this mortgage the same as the funds originally
<br />secured thejeby, the total amount of principal . debt not to excere,', at anv'rate the original amount of this mortgage.
<br />t�d this 27th day of July A. D_ 19 86 ,1
<br />r ,
<br />STATE.. Oh NEBRASKA,
<br />ss. Or. this 17th COUNTY OF HALL day of JU1y J U bb - before n;e,
<br />the undersgrred, a Notary Pubin m and for said bounty, persooaily came
<br />Kenneth H. Schmidt all Phyllis C. Scimadt, ani Raymizinj J. t- J'Cor¢UJ�h�:d Je;i i e C -n
<br />each in his and her con right cirri as slxausc. cf each cihcr,
<br />3r1.. i' 3orf�Jiy
<br />me to be the identical persnn 6 witcse naume s art affixed tc file :Nlyc mstrumel: awmo•I!gag.:: S :Ind tlha.j severally
<br />acknowledged the said instrument ti, Ca their voluntary act anal ,teen.
<br />Wt UN VSS my hand anti ` aa,ra! Seal the date aft >restuJ.
<br />r
<br />Rtv Con:mtss ,?auhtrr_s ���
<br />16 rt rM ql a e•t21 LTi{,
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