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<br />MORTGAGE
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<br />83- 004521
<br />
<br />r
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<br />MORTGAGE LOAN NO.
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<br />L 24,144
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<br />KNOW ALL MEN BY TIfESE PRESENTS: That Lloyd A. Mettenbrink and CharleneM. Mettenbrink, each
<br />
<br />his and her own right and as spouse of each other, Mort.~,whetheroneormore,inconsicki,atiooofttiil,~of
<br />Fbrt.y 51 x Thousand Five Huncl.i'ed and no/100--------- -----------DOJ1L:ARS .
<br />loaned to said mortpJlOf by The Equitable Building and Loan ASSociation of Grand Island, Nebnska, MorIgIp;upon 465 sIIlulet<ifStoCkof
<br />said ASSOCIATION, Certificate No. L 24 144 ,do hereby grant, con""Y and mortl!lll!C untl> the saidASSOCIATIONtbe'coJlOWing
<br />described Jeal estate, situated in Hall County.' Nebraska:
<br />
<br />wt Four (4), in Block Three (3) Second Addition
<br />to Holcomb's Highway Hanes Subdivision in the
<br />Northeast Quarter of the Northeast Quarter (NEliNEk) of
<br />Section Twenty Eight (28), Township Eleven (11)
<br />North, Range Nine (9) West of the 6th P.M., Hall
<br />County, Nebraska.
<br />
<br />
<br />tOJll'lher with all the tenements, hereditaments and appurtenances thereunlo belonging, including attached floor coverings, all window SCIlleIIS,
<br />window shades, blinds, sronn windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps,_.
<br />refrigerators, and other f1Xtwes and equipment now or hereafter attached to or used in connection with said real estate.
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<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and z==ents levied or
<br />assessed upon said premises and upon this mortgage and the hond secured thereby before the same shall become deJinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 46,500.00 payable to said ASSOCIATION and to deliver 10. said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
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<br />In cue of default in the perfomlllllce of any of the terms and conditions of this mottgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled 10 urunediate possession of the mortgaged premises and the mortgagor hereby assigns, transfe11l and sets over to the
<br />mortgagee all the rents, revenues and income to be derivtd from the mortpged p1emises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortg1lgee shall have the power to appoint any agent or agent. it may desire for the purpose of repairiDg said premises and renting
<br />the same and collecting the rents. revenues and income, and it may payout of said income all expenses of repairiDg said premises and necessary
<br />cotntnissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; tbe balance remaining. if any, 10 be
<br />applied toward the disclwge of said rnorlgage indebtedness; these rights of the mortPll"" may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver oftbe same,
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<br />These Presents, 00__, are upon the Condition, That if tbe said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />paymenl; pay monthly to said ASSOCIA TlON of the sum specified in the Bond secured he,eby as interest and p1incipal on said loan, on or before
<br />the Twentieth day of eadl and every lnonth, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this MortllllllC'
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<br />and the Bond secured thereby, belore delinquency; furnish apploved insurance upon the buildings thereon in the sum of S 46,500.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for .uch taxes, assessments and insurance with interest at
<br />the maximum legal rate thereou from date of paymenl aU of which Mortgagor hereby agrees to pay; permit no waste on said p1emises;keep and comply
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<br />with all the agreements and conditions of the Bund for S 46,500.00 this day given by the said Morl8Bl!OI 10 said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By,Laws of said ASSOCIATION; then these p1esents shall become null and void, otherwise they
<br />shall remain in full force and may be foredosed at the option of the sold ASSOCIATION after failure fot three months to make any of said
<br />payments or be three months in arrears in making sold monthly payments, or to k.eep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
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<br />If there is any change in ownership of the real eslate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />seqm>d shall. at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, 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 made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this morlgllgc may then be foreclosed to satisfy the amowt! due on said
<br />bond.and any other bond for additional advances. together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nl!~ for insurance, taxes and as:sessments, and abstracting extension dw:ges, with interest thereon. from date of payment at the maximum
<br />Iepl rate.
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<br />As provided in the Bond secured hereby, while this morlgllgc remains in effect the mortgagee may hereafter advance additional sums to the
<br />~"'" of said Bond. their assigm or su=11I in interest, which sums shall he within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this morlgllgc,
<br />
<br />day of August A. D,. 19 83
<br />
<br />
<br />sTATE.. 0.. 1'. NEBRASKA. . t ss.
<br />COUNTY OF HALL ~
<br />
<br />On this
<br />
<br />day of AUgust 1983 , before me,
<br />
<br />the undersigned, a Notary Public in and for said County. personally came
<br />Mettenbrink, each in his and ~i~ own rig~ t&~~use
<br />are
<br />
<br />26th
<br />
<br />Lloyd A. Mettenbrink and Charlene M.
<br />of. e,aph, other,
<br />JIlt!l to be ~lden!ical perso!'s whose naroq;;
<br />~thesaid.instrllIt1elltlo be their
<br />WITNESS my hand an!! Notarial Seal the
<br />My COItlI:lIiuion expires k I \ I
<br />I
<br />
<br />are
<br />
<br />and they
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<br />severdly
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<br />
<br />"''''211 III
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