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.ee- re-eo ices c.-
<br />86-- 104082
<br />86-- 104020
<br />MORTGAGE --
<br />IHORTGAGE LOAN NO: L 24 560
<br />KNOw ALL MEN BY THESE PRESENTS: That Janet L. Glinslnann and Lynn G. Glinsmann, by Janet L.
<br />Glinsmann n Conservator and Guardian of the Estate of Lynn G. Glinsmann
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Fourteen Thousand and no /100 -- -- - -- _ M_ - - -- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 140 shares of stock of
<br />said ASSOCIATION, Certificate No. L , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Fifty Five (55), in Hawthorne Place, being a sub- .
<br />disision of part of the Northwest Quarter (NW;) of Section
<br />Twenty Two (22) , Township Eleven (22) North, Range Nine
<br />(9) West of the 6th P.M., Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached [Icon coverings, all window screens,
<br />s,
<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 now 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 assessittenu levied or
<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 sit mated in the sum of $ 14,(N)0.00 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 performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shah,
<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 repaving said 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 premims and necessary
<br />commissions and expenses incurred in renting and managing 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 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 shall repay said loan on or before the mauuity of said shares 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 Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance- upon the buildings thereon in the sum of S 14, 000.00 payabic
<br />to said 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 agrees to pay; permit no waste on said premises;keep and comply
<br />with all the agreements and conditions of the Bond for $ 14 000.00 this day g::;:;: 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, 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 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'rhe Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any 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 Building and loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />kVd rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the sane as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dated this 18th day of July A. D , 19 86
<br />—1150 Laynn .°G1 �r1`
<br />5ir1a - j�a
<br />- �f-1_ GIinsmann. Conservator and Guardian of t1-lie' Estate of
<br />Lynn G. G WISlik M)
<br />STATE OF NEBRASKA, On this l8th day of July 19 86 , before roe,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and fur said County, Personally came
<br />Jar1et L. Glinsliartn and Lynn G.Glirmmann, by Janet L. Glinsmann Consselrvatar atri rmuanr3yanN�io
<br />the Estate of Lytin G. Glinsmann ;-
<br />me to be the identical person g whose name S are affixed to the above ir�trumcnt/as mortgagor S and tllt:} severally
<br />acknowledged the said instrument W be their voluntary act and deed- -�
<br />WITNISS my hand and Notarial Sedl tie date aforesaid.
<br />My Coinmmum expires s
<br />M #arc,ptih7i' .
<br />Will 2a1 RI
<br />L�
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