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MORTGAGE $5-- 004862
<br />MORTGAGE LOAN NO. , HT -813 FHA
<br />KNOW ALL MEN BY THESE PRESENTS: That Roar H. Kroos and Elfriede M. Kroos, each in his and
<br />her 2:n right and as spouse of each other, Mortgagor, whether one or more, in consideration of the stmt of
<br />Tire Iv a a»a�ne_SuDC�i�� O?r�X Ei.Sh 4---'- °- -- -- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 121 shares of stock of
<br />said ASSOCIATION, Certificate No. L HI-813 FHA , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />descrfied real estate, situated in Hall County, Nebraska:
<br />The Northerly Fifty Seven (57) feet of Lit Thirteen (13)
<br />and the Southerly Five (5) fret of Lot Fourteen (14)
<br />Knickrehla Seventh Addition to the City of Grand
<br />Island, Nebraska.
<br />together with all the tenements, heteditarnents and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment ail aecemories thereto, pump, stoves,
<br />refrigerators, and other fixtures and equipment now of heteafter 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 $12,148.39 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 of the bond secured hereby, the mortggee shall,
<br />on demand, be entitled to immediate possession of the rmutgaged premises and the mortgagor hereby assigns, transfers std sets over to the
<br />m ortgaii all the rents, revenues and income to be derived from the mortgaged : remises during such time as the mcxtgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoinr 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 im;t1nw, and it may pay out of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and rnanagmg the carne and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said rtiortgage indebtedness; these rights of the mortgagee may be exercised at any tithe during the existence of such
<br />default, irrespective of any temporary waiver of the sane.
<br />These Presents, however, are upon the Condition, *1 Mal if the said Mortgagor satall repay said loan on or before the maturity of said shares by
<br />payment; pay monthly 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 rnonth, until said loan is fully paid; pay all taxes and assessments levied against said ptcmises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; tarnish approved insurance upon the buildings thereon in the sum of S 12,148.39 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon dcnund 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 which Mortgagor hereby agrees to pay; permit nu waste on said premises; keep and comply
<br />with all the agreements and conditions of the Bond for S 12,148.39 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements oft lie Constit ution and liy -Laws of said ASSO( :IAT1ON; then these pfetrenu shall become null and void, otherwise they
<br />shall remain in full force and nay be foreclosed at the option of the said ASSOCIATION after failure for three months to matte any of said
<br />payments of be three months in arrears in making aid monthly payments, t%, to keep and comply with the agreements and conditions of said Bad;
<br />and Mortgagor agrees to have a receiver appointed ionhw ith in such f reclosure proceedings.
<br />If there is any change in uwnetship of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />s ictxal stall, at the option of The hquitable Building and Loan Association of Grand Island, Nebradca, become immediately dire and payable without
<br />feather notice, std the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shah, from the
<br />daft of exercis of said option, bear interest at 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 sums paid by said The I- Auitable Building and Loan Association of Grand Island,
<br />Nebraska for irawance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />law rate.
<br />As provided in the IMond 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 rntefest, which sums shall he within the security of this mortgage the same as the funds originally
<br />stewed thereby, the total amount of poncrpal debt not to exceed at any hire the ortginal amount of this mortgage.
<br />Dated this 27th rhv of September A. D., 1985
<br />STATE OF NEBRASKA, t s r to this 27th day of Sept(mt er I985 , before one,
<br />COUNTY OF FIAI.t. `
<br />the undersigned, a Notary Public in and for said ('runty, Personally Cam
<br />Ray H. Krocs and Elfriede M. Kroos, each in his atxi her cwn right as spouse c fk h
<br />w ycto
<br />other,
<br />one to for the nkntrcal fociv)o s whoa.: narrtc s are attixcd to the above InNoU nerll as nwrtgagot g and tlaay severally
<br />adttutwkd({ro! the said mutunwni to tee their voluntary act and decd j
<br />1
<br />WffNf.41 ncy hand A11,1 N-u'V�t�I I Sral the date aline yl.
<br />My t'nnrmiuem cxptrc / 1..f,•' . a'�J %rick'
<br />Nota", Public
<br />N lx dM NI
<br />MI as Ili► IMv. 26,1lIU
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