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66-- 104108
<br />MORTGAGE.
<br />— MORTGAGE LOAN NO. .._ 1_24 , 56
<br />KNOW ALL MEN BY TIiESE PRESENTS: That Wil liam J. Thiemann and Cynthia A. Thiemam, each in
<br />his and her own right and as spouse of each other , Mortgagor, whether one or more, in consideration of the curt of
<br />r,i_t_Ehur Thclum;%d arnd nn /100 --- _ — _�— _� ----- -DOLLARS
<br />leaned to said mortgagor by The Equitable Buildings and Loan Association of Grand Island, Nebraska, Mortgagee, upon 640 shares of stock of
<br />said ASSOCIATION, Certificate No. L24,563 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in hall County, Nebraskan
<br />Lot One (1), Block Two (2)Ncrmandy Estates Addition to the
<br />City of Grand Island, Hall County, Nebraska,
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, hearing, 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 assessments 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 situated in the sum of S 64 , 000.00 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 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 rite 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 it may pay out of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in tenting and managing the same and of collecting rentals tlierefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; 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 tire Condition., That if the said NAtrtgagor shall repay said loan on or before the maturity of said shares by
<br />payment. pay rnonthly 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 premixes and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 64, 000.00 payable
<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 wlech Mortgagor hereby agrees to pay: permit no waste on said premtises;keep and comply
<br />with all the agreements and conditions of the Bond for S 64 ,000.00this 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, 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 trtortgaged 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 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 inletest m 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 suns 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 />legal Talc.
<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 he within the security of rhea mortgage 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 mortgage.
<br />Dated this ?T.'r. day of .y A. P.. [' -' 86
<br />nvua .
<br />STATF OF NEBRASKA. I ss. On this day of „,
<br />t OUNTY OF 11AL1.
<br />i9 5(i . belorc nte,
<br />the undersigned, a Notary Pat ri c in and t r said County, personally came
<br />Wil Liam J. 2'hiemann aarYi Cynthia A. Thicmami, each in his aal, hi,r avn night arc: as
<br />Spw3e, of each other , r,It,, an? personally known to
<br />me to he the tdentre-al twtx:U 5 whuu nanaa s »t'+` stfixed to the ah. ce hrstrmmni s. u.ortPagor S ail,! fly, }y severally
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