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85,-- 002338
<br />MORTGAGE _
<br />MORTCACE LOAN NO.. L 24,358
<br />KNOW ALL MEN BY T ESE, PRESr•.NTS: That Norbert B. Vogel and Doreen J. Vogel, each in his and her
<br />own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the amt of
<br />T i Two — DOLLARS
<br />loaned to said mortgagor by The liquitable Building and Loan Association of ( ;rand Istand, Nebrada, Mortgagee, upon 320 stares of stock of
<br />said ASSOCIATION, Certificate No. L 24,358 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Ilan County, Nebraska:
<br />Lot Ten (10), in Block Three (3) in Westerhoff's Second Subdivision,
<br />Being a resubdivision of the South Half of Blacks Three (3) and Four
<br />(4) and the North Half of Blocks Five (5) arm Six (6), Westerhoff's
<br />First Subdivision in the City of Grand Island, Hall County, Nebraska.
<br />together with all the tenements. herednamenis and ipl>urtenanres thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows• awnings, hearing, -.Or conditioning, and plumbing and water cquipeenl and accessories thereto, pumps, stoves,
<br />rctrtgerators, and other fixtures and equipment now or hrreafter attached to or used in connection with said teal estate.
<br />And whereas the rand nuxtgagof has agreed and does hereby agree that the rnoatgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said pernisrs and upon this mortgage and the bond secured thereby before the same shall beanie delinquent; to furnish approved
<br />inta rance upa>n the buildings on said premises situated in lire sum of S 32,000 .00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the pokwi for said insurance. and not to commit or permit any waste on or about said premises;
<br />In case of default in the perh>rmance of any of the teens and conditions of [tits mortgage Or the bond secured hereby, the mortgagee shall,
<br />on demand, he entitled to imitediale possession OI the inwrtgaged premises and the mortgagor hereby assagns, transfers and sets over to the
<br />ruorigagor, all the rents, revenues and encore to h derived from the mortgaged premises during such time as the nwrigage indebtedness shall remain
<br />mapind: and the rns>rigagcc shall have the power to ippotnt any agent or agents it may desire for the. purpose of tepailug said premises and renting
<br />the same and collecting the rents, revenues and income, and at may pay out of sari income all expenses of repairing said premises and necessary
<br />corrimusuous and expenses incurred 10 renting and managing the same and of collecting rentals therefrom; the balance rerrainig, if any, to be
<br />applied toward fate discharge of aid rnootgage indebtedness: these rights of the nvortgagm may he exercised at any time during the existence of such
<br />default, arrespeclive Of ally temp l iv waiver of the sansei.
<br />flex: Presents, twwcver, are upon the t'i,mohhon, That it the said Mortgagor shall repay said loan on or before the maturity of said shares b%
<br />payment: pay iri>nthdy to said ASS(WIA IiON it the sum specit'ied in live Wind %caned Hereby as interest and principal on said koan, on or before
<br />the Twcrtiwih slay of cacti and every nionth, until said loan is fully paid; pav all taxes and assessments levied against said pxermus and on this Mortgaile
<br />and the Bend secured thereby. before delinquency, furnish approved insurance upon the buildings thereon in the sum of S 52 0UO , payable
<br />to ail ANM)CIATION. repay to said ASSOCIATION upon demand all nnrnev by it paid for such taxes, assessments and inariance wit h interest at
<br />the naxarnum legal rate thereon from date of payinent all of which Mortgagor hereby agrecs to pay; permit no waste tin said premises; keep and comply
<br />with all the agaeenoents and cundatwns of the Bond for S 32 000 ap�p❑ this day given by tfe said Moft r to ,raid ASSOCIATION, amok comply
<br />with all the tequircrnenis of the Constitution and By -Laws Oesatd ASSOCIATION; then these presents shall become null and void, otherwise they
<br />alt remain in full force and may be foreclowd at the Option of the said AS.SOCiA'fl()N after failure fill three months to make any of aid
<br />payments of be three rrn>nths in arrears tit mnaking said ninthly payments. Or to keep and crinply with the agreements and conditions of ail Rand.
<br />and Mart it agrees to have a receiver appointed forthwith hr such foreclosure proceedings.
<br />It there 1s any change rn ownership of the real estate mortgaged herein, by sale sat otherwise, then the entire retraining indebtedness hereby
<br />enured shall, at the option of ilie 1:qurtahlc Building and f can Aswn.tatwn Of [;rand Island, Nebraska, beairne immediately due and payable without
<br />furebei mine, and the amount teminninp, due under aid Enlist, and any other bond for any additional advances made thereunder, stall, from the
<br />dale of exercrse of and (""n, bear interest at the rataxarnunl legal rate, and ibis rivirrigglittv nay then be foreclosed to satisfy the amoxmt due on all
<br />harld,ind any other hand it" addmwnal advances, together with all sums paid by said `L he Fguitable Building and Loan Association of Grand Island,
<br />Neln a for msuiance, taxes and assessments, and abstracting extennon charges, with interest thereon, foram date of payment at the maximum
<br />legal tale.
<br />As pitwided in the aboard wcuted hctel>v, while tills livot1W iettiam5 in effect the inottilape say hetcattet advance additional suits to the
<br />makers of mad &said, their s,nr sus:cessr,rs in interest, which Burns shall Ise within the security of this nvamt the %sum as the fundsorignially
<br />accusevi thereby. the total anttwnl of pranc +pad debt nd,t to exaced at alit/ tine the oripirsal amount M this rtxut
<br />dared this p,�}- day . :t MAY A 1) . IU
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<br />ctic undrtmitn d, a Notary public to and for sand Couniy, personally came
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