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<br />MORTGAGE _ 85— 000501 See L 22,447 & 22,549
<br />MORTGAGE LOAN NO. I. 241,305
<br />KNOW ALL MFN BY THFSE PRFSF.NTS: That Alvin E. Rinke and Sharon Kay Rinke, each in his and her
<br />own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the s urn of
<br />g' --tity than m'hnracnd aryl no/ 100, --- DOLLARS
<br />Waned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagor. upon 220 shares of stock of
<br />sad ASSOCIATION, Certificate No. L 24l,305 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Fifteen (15), in Block One (1), Lake Davis Acres Subdivision, Hall
<br />County, Nebraska.
<br />All of Lot Thirty Eight (38) and the East Thirty Five (E35') feet of
<br />Lot Thirty Seven (37) all in Block Three (3) Blain Addition, an addition
<br />to the city of Gram Island, Hall County, Nebraska, excepting therefrom
<br />a tract of land deeded to the City of Grand Island more particularly
<br />described in Quitcliam Deed recorded in Book 141, Page 281.
<br />together with all the tenements, herednaments and appurtenances thereunto belonging, including attached floor coverings, all window screens
<br />window shades, blinds, storm windows, awnings, heating, an 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 />amassed upon said premises and upon this mortgage and the band 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 22, 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 />an demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfcis and sets over to the
<br />mortgaw all the rents, revenues and income to he derived from the mortgaged premises during such time as the mortgage indebtedness shall rennin
<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 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 maturity of said shares by
<br />payment: pay monthly to said ASSOCIATION rif 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 e.cry month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Band secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 22, 000.00 payable
<br />to saA ASSOCIATION: repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the artaximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said prernises;keep and comply
<br />with all the agreements and conditions of the Band for S 22 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the tecluncrrents 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 he foreclosed at cite option of the said ASSOCIATION after failure for three months to make any of said
<br />payments os be three months in arrears to making said monthly payments, or to keep and comply with the agreements and conditions of said blond:
<br />and Mortgagin 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 />cured shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become inimcc lately due and payable without
<br />further notice. and the amount remaining fie under said bond, and any other bond for any additional advances trade thereunder, shall, from the
<br />date of exercise of said option, hear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on saw
<br />bond. and
<br />any other bond for additional advances, together with all sunu paid by said The Equitable Building and [Ann Association of Gratin Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon° from date ul payment at the maximum
<br />legal rate..
<br />As provided in the iAond secured hereby, while this mortgage remains rat effect the mart may hereafter advance additional sums w the
<br />makcis at said Band, their assigns or successors in interest, which sums shall he within the ecurity of this nmtgagc the same as the funds originally
<br />vwed thereby, file total amount of principal debt not to exceed at any tine the utigmal amount tit this surf e.
<br />Dated this 23rd day of 'Tanuary A. D.. its 65
<br />%TA`fV OF NEBRASKA, � � 01111113 23rd ,lay of cinU' u
<br />COUNTY OF IIAhd.. � ' ! c5 , lxlare ne,
<br />I he ,nnlcrsigned, a Niitary Public in and lot said County, leruonally canoe
<br />Alvin E. Rinke and Sharon Kay Rirtke, oach l.11 Isis iUlu iv r: own ri.yhlattcl as six-mw eB� ?�nu�i�, o
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