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96-' A05526
<br />MORTGAGE
<br />MORTGAGE LOAN NO. HT-819 FHA
<br />KNM ALL MEN BY THESE PRESENTS: That Ivan J. Stueven and Waunita Stueven, each in his and
<br />her own right and as spouse of each other, Mortgagor, whether one or more, m consideration of dw srie of
<br />TenThousand and no/ 100-------------------------- ----------- --- - --- -- -- -- -- --- --° DOLLARS
<br />Inane 'to lard awrl"or by The Equitable building and Loam Association of Gland Island, Nebraska. Mortgagee. upon 100 alma of seek of
<br />aid ASSOCIATION, Certificate No. L H I -839 FHA , do hereby grant, convey and merge unto the said ASSOCIATION do foiowiel;
<br />described teat estate, situated hn Hall County, Nebraska:
<br />Lot Thirteen (13) and the Northerly one -half of Lot
<br />Fourteen (14), having a lake front footage of Seventy -
<br />Five (75) feet, situated on the West side of the West
<br />portion of Kuester Lake and being on a part of the
<br />EfSWy of Section 13, Township 11 North, Range 9 West
<br />of the 5th P.M. in Hall County, Nebraska.
<br />together with ad the tenements, hereditaments and appurtenances thereunto belonging, including attached floor covering, all window screens,
<br />window shades, blinds, storm windows, awning, heating, air conditioning, and plumbing and water equipment and accessories thereto,puntlu, stoves,
<br />refrigerators, and other fixtures and equipment raw 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 ti.e mortgagor shall and will pay all taxes and r ssenunents levied or
<br />assessed upon said premises add upon this mortgage and the bond secured thereby before the same shall become delinquent, to furnish approved
<br />suurraoce upon the buildings on said premises situated in the sum of $ 10 , 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 caw of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgtgee d",
<br />on demand, be entitled to immediate possession of the mortgaged premiws and the mortgagor hereby assigns, transfers and acts over to the
<br />mortgage all the Teats, revenues and income to be derived from the mortgaged premises during such taste as the mortgage indebtedrres dell remain
<br />unpaid; and the motgagee sham 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 roots, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessity
<br />oomnisiots and expemes incurred in tenting 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 ofsuch .
<br />default, irrespective of any temporary waiver of the same.
<br />Thew Presents, however, are upon the Condition, That if the said Mortgagor stall repay said ban on or before the maturity of said shares by
<br />payment; pay mimthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, on of before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes axd ass -sunenis levied against said premises and on this ModW
<br />and the Bond wowed thereby, before delinquency-, furnish appnmved numano spun the buildings thereon in the wan of S lU 000.0 payable
<br />to aid ASSOCIATION, repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and !& Vance war interest at
<br />the maximum legs rats- thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said ptemi es;keep and comply
<br />with all the agreements and conditions of the Bond for 510 000.00 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 shad become nail and void, otherwise they
<br />call 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 shah, at the option of The Equitable Building and Loan Association of Grand Islantd,Nebtaska,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 mate thereunder, than, from the
<br />date of exercise of said option. bear interest at the maximum legal rate, and this mortgage may then be foredowd to satidy, the amount due on acid
<br />bond, and any other bond for additional advances, together with all sums, paid by said The [Equitable Blinding and Loan Association of Grand Island,
<br />Nebraska for insunmce, taxes and asesments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />140 rate.
<br />As provided in the Bond secured hereby, white this mortgage remains in effect the mortgagee may hereafter advance additional nuns to the
<br />makers of aid Bond, their assigns or successors in interest, which urns loll be within the securily of this mortgage the sure as the funds originally
<br />Wowed thereby, the tool amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />4 t: day of " _ - - 4. O., 19 till
<br />�'���SCTIt3V
<br />STATE OF NEBRASKA, sac On this day of F 19 > .before me, COl1NTY OI' HALL
<br />the utsdersigred, a Notary Public in and for sod County, personalty come
<br />Ivan J. 5tueven and Waunita Stueven, each in his and her uwn right who asspouse yknownto
<br />each other, '£ '
<br />ire to hat the sdnaical person g whose natter; are affixed to the atxsve instrutsseut as murignor _, and t hey soevesally
<br />sekrwwfedped the said instrument to be their' r,kuntary act and deed.
<br />wITNMM my hand aril Notarial ,°weal the date aforesaid
<br />M (:cmusnwn,n rz is '(
<br />y� k IC f asirreraar- rfiaskriasos�
<br />wxsaar as TNt)t�Ati f- FtINfdAN, it Notary Public
<br />„r
<br />—ft My Got to fop Dec 13. 19#1
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