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MORIGAtGI
<br />MORTGAGELOANNO. L 24,634
<br />ISVOW ALL MEN BY THFSE FRrSEN-17S That Sam irr'iauinger and Kay yr, : ;: ger, each ire his and her
<br />tnan right and as spouse of each other; Mori�r, whether am or mom, mamadaationof the sainof
<br />Fif een Thousand and no /100 --- -- - -- -- - - DOLLARS
<br />loaned to said mortgagor by The N unable Budding and d ors Association of Grand Iniaml, Nebraska Mortgpoe= upon 150 stharn of stack of
<br />said ASSOCIATION, Certificate No, L 24,634 do hereby gt>at, convey and moopp untac the and ASSt3CtATM the faailow mg
<br />described real est Ac, situated in Bali County, Nebraska:
<br />All of Lot One (1) and the Easterly Fifty Four (54) Feet of
<br />Lot Two (2) lying ;ucrth of the Pbrtherly right -of -way lire Of
<br />the iition Pacific Railway Company's ri-
<br />ght -of -way all in
<br />Block Seven (7) in Arnold & Abbott's Addition to the Cite Of
<br />Grand island, Hall County, Nebraska.
<br />tether with all the tenements_ heredita>ffints and appurtenances tlereanto belorzatc. intludutg attached floor coverings.. all window scrims.. _
<br />vvmdow shades . blinds. storm windows. awnings, heating , avccmdiuoramg.. �dpfst: abiagandvreterequipmersi and aeoraasesthereto ,pare�hs,stmes,
<br />refrigerators, and other fixtures and Nuiprnent now or tereaftet attached or used in connection with said real estate-
<br />. And whereas the sale mortgagor has agreed and does herehy agree that the mortgagor shall and will pay all taus and asses inents levied or. -
<br />assessed upon said premises and upon this mortgage and the bard secured Horeb` before the same shall become ems; to fornish approved -
<br />insurance upon the buildings on said prentir's situated in the amt of S 15, 000. GO - payable to and ASSOCIATION and to debver to said
<br />ASSOCLATION the policies for said insurance: and not to co mir in permit any waste on or about said prey aes
<br />In case of defa d, in the performance of any of the terms and condi nisi of this mortgage or the bond sassed hemaby, the tasortgagne shall,
<br />-on demand, be eravled to mimed iate possession of the mortgaged premises and the mortgagor hereby assagat, transfers and sets over to the
<br />mortgagee all the rents, revenrees and income to be derived fitxs themortgtged premises during such time as the situ$ rsmtvni
<br />unpaid: and the trxxtgagee shall haw the power to appoint any agent or agents it may desire for the purpose of repairing said premises and rating
<br />the same and collecting the rents, revenues and income, and it tray pay out of aid +t+« - mill expenses of reI - — said preauses and necessary
<br />comirassions and expenses incurred m renting and awning the same and of collect irtg.reafais therefrom; the balance remaining, if a". to be
<br />- - - applied toward the discharge of said mortgage indebtedness; these rights of the rnortraget may be exercised at any tlohe dmstg -the aril of such
<br />defauh_ "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 scum speci5ed in the Bond seared hereby as interest and principsi oa sad feast, on at before
<br />the Twentieth .lay of each and every month_ until said loan is fulhy pad: pay all in and assessments levied aphsi said premises and as this My tpge
<br />and the Bond secured thereby, before delinquency; f unush approved insurance upon the buildings thereon in the stun of S 15, GGO.00 paajable to sold ASSOCIATION: repay to said ASSOCIATION upon demand all :money by it paid for such taxes, assessinents and insurance with interest at
<br />- - the maximum legal ,-ate thereon from slate of payment all of which Mortgagor hemby agrees to pay -, permit no waste an mid prauses;keep and cosapt_y
<br />woth all the agreement, and conditions o£ :Ire Mond for S 15, 000.00 ibis day given by the said Mortgagor to said ASSOCIATION, and oonnply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then thew presents shall became will and void; otherwise tbey
<br />shall remain it,, full fntce and may be foreclosed at the option o€ the said ASSOCIATION. after failure for three months to maize any of said
<br />payments or "P three months in arrears in making said monthly payments, of to keep and comply with the agreements and conditions of szid Bond-.
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<br />and Mortgagor agrees to have a receiver appointed forthwith in such foredosure _ - - -
<br />If :here is anv change in ownership of the real estate mortgaged herein, by sale or otherwise, them the entire rem indebtedness - hereby _
<br />- 'secured shaft at the option of The Equitable Building and Loch Association rd f1rand island, kebraska,become immediately due andpayable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder. shall, fmm the
<br />date of exercise of said option, bear interest at the maximum legal rata, and this mortgage may then be foreclosed to satisfy the .amna t dare on said
<br />bond, and any other bond for additional advances; toepther with all nuns paid by said The Equitable Building and Ems Association of Grand island,
<br />Nebraska for insurance, taxes and assessments_ and abstracting extension charges, with interest thereon, from date of payment az the arsicimmin
<br />legal rate. - - As provided in the Bond secured hereby, v hde this mortgage remains in effect the mortgage may hereafter advance additional sums to the
<br />Fakers of said Bond, their assigns or succenors in interest, which summa shall be within the security of this mortgage the Sam as the fi nds Y`
<br />ed thereby, ttre to�`f amount of prutcipal debt oar to exceed at any time the original amtnnrt of this mortgage. -
<br />�ed {ifs _ /15th day of SepteIBDeL A. D..1 } 36
<br />u IIII
<br />STATE OF 4- *ASKA, ss. On this 35tH day of September t9 66 , before rise,
<br />COUNTY OF HALL
<br />the undersigned, a Notary public in and for said County, pe mkVymme
<br />Sam Grimmlingea• and Kay Grimminger, each in his and her own right and as spouse of
<br />each other, f wl�°` are persanaft known to `
<br />me to be the identical person g whose name g are affixed to the aloha irts[runnettt as thottgagctr';, g
<br />and th;,y -
<br />a&nowledged the said instrument to he their voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the date aforesaid. ,� 1
<br />My Commission expires r:
<br />Notary Public
<br />34742M si Gf ttEfikt NQi »Fr - 5 +rte vi Nrehrtl
<br />IAN[5 W r,
<br />a MY 4cmm Erp hpu 11, 3987
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