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<br />83-~t(~095
<br />MORTGAGE ~o i. 7R • 199 R T. 9'1 714
<br />MORTGAGE IRAN NO. L 24, 072
<br />KNOW ALL MEN BY THESE PRESENTS: That Timothy J. Dethloff and Laurie A. Dethloff, each in his
<br />and her own rlyht and a5 spouse of each other, Mortgagor, whether one or mate, in conslderation of the sum of
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<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 156 shares of stock of
<br />said ASSOCIATION, Certircate No. L 24, 072 , do hereby grant, convey and mortgage tmto the said ASSOCIATION fire following
<br />desm"bui real estate, situated in Hall County, Nebmska:
<br />Lot One (1), Le Heights Fourth Subdivision
<br />in the City of Grand Island,
<br />Hall County, Nebraska.
<br />together with all the tenements, hereditarnents and appurtenances thereunto belonging, indudutg attached floor coverings, sV window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessorks thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now ur hereafter attached to or used in cnnnectiun with said real estate.
<br />And whereas the said rmrrtgagor has agreed and does hereby agree that the mmtgagor shag and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond seemed [hereby before the same shall become delinquent; to famish approved
<br />insurance upon [he buildings nn said premises situated in [he sum of S j5, 600.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policks for said insurance; and not to commit or permit any wore on or shoo: said prernixs:
<br />!n case of default or the performmce of any of the terms and conditions of thrs mortgage or the bond serured hereby, the mortgagee shall,
<br />on demand, be eotitkd to unmetliate possession of the mortgaged premises srrti the nwrigagor hereby assigns, tianskrs and sets over [o the
<br />mongageo all the rents, revenues and income to be derived from tfte mortgaged prcroises during such time as the mortgage indebtedness shad remain
<br />wtpald; attd the mortgagee shall have the power to appoint any agent or agents ii may desire for the purpose of repauing said premises attd renting
<br />the setae and collecting the rents, revenues and income, and ii may pay out of said income all expenses of repairing said premises and necesary
<br />commissions and expenses incurred in renting surf nuriagiag the same and of colketirg rentals therefrom; the balance rcnnioing, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time doting the existence of suds
<br />defaWt, irrespective of any temporary waiver of the same.
<br />These Presents, Frowever, ue upon the Condition, That if the said Mortgagor shag repay said loan on or before the maturity of said shares by
<br />payment; pay monthly m said ASSOCIATION of the sum specified in the Bond seemed hereby as interest and principal on said loan, on or before
<br />the Twenikth day of each and every month, untik said lawn is fully paid; pay aB taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency- famish approved ;•n•~MV upon the buildings thereon in the sum of 515, 600.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon denurid aB money by it paid for suds taxes, assessments avid insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agues to pay; permit rro waste on said premises; keep and comply
<br />with aB the agreements and conditions of the Bond far S15 600.00 tftis day given by tare said Mortgagor to said ASSOCIATION, and eotnpiy
<br />with all the requirements of the Constitution and Bylaws of said ASSO(:IA77ON; then these presents shall buxrrae nail and veld, otherwise they
<br />shag remain in full force and may be foreclosed at the option of the said ASSOCIATION aRtr failure for three months to ttutke any of said
<br />payaieuts or be three ttwnths in arrears in aukirig said rooothly payments, tx to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in suds fure~kawre proceedutgs,
<br />1( tliare u any dumge in ownership of the real estate mortgaged hernia, by sale or otherwise, true the entire remaining indebtedness hereby
<br />stx.wed shall, at the option of'Che Equitable Building and loan Associatiua of Grand Islaad,Nebraska, become inimediately due sad payable wiUtout
<br />further notice, and the atnotmi remaining due under said helot, and any other bond for any additanal advances nude thereunder, shall, fmm the
<br />date of exercise of said option, bear interest at the nuximum legal rate, sad this raurtgage may then be foreclosed to satisfy the amount due oo said
<br />bored, and any other bard for additiarui advances, together wit4 all altos paid by said The Equiubk Buitdiag amt Loan Asmciation of Grand Island,
<br />Nebraska for inauaoce, taxes and assessments, and abstracting extension durges, with interest thereon, from date of payment at the maximum
<br />Y+gal rata
<br />As paovided in the Bund secured hereby, while this mortgage remains in effect the imtgagee may hereafter advance additional nano to the
<br />makers of said Bond, their assigns oz suecessurs iq iniereu, which sums shag he within [he suavity of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt nut to ezceal at any time ttre origiiul amount of this mortgage.
<br />Dated this 16th say ~ Decanber, A. D., tv 82
<br />`1
<br />-Tian a off, --
<br />Laurie A. Dethloff
<br />STATE OE NEBRASKA,
<br />COtFtlIY OI: -i3t i #- OD this 16tH day of Dect3tiber, t9 82 . before au,
<br />the urtdetsigrved, a Nowt' public in and for said County, persoaiatly rxaie
<br />shy Jo~rthloff alx3 Laurie A. Dethloff, each in his and her owtw~iyh~t and as st~ota
<br />ch r I~~y
<br />con to be t11C itkntieal person g whore ttstrx s t37C@ affued to the above instrtttnrnt as mortgagor 5 and they scvcrally
<br />adtmtwkWgpd the rid imtrtunent to be their voluntary aG and decd. ~ ~ ~
<br />wtTNfSS my hand sad heal th[eldate afQa )
<br />MY C`•osastiisirm exputes~~[.' . ~/ l/ ~ (~ / _ . `~/` / r /r
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<br />dal MftMY•gtMa a1 KaiNaa ." Notary Ptatilic._ .._...
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