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<br />MORTGAGE
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<br />83-
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<br />004523
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<br />See L 22,752
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<br />MORTGAGE LOAN NO. L ?Il, JIl3
<br />KNOW ALL MEN BY TImSE PRESENTS: That Lloyd A. Mettenbrink and Charlene M. Mettenbrink, each in
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<br />his and her own right and as spouse of each other, Mortgagor,whetberoneor mOle, in coDSideralion of the sum of
<br />~hirty Thousand and no/100---------------------------------------------------------DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 300 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24 143 ' do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall Counly, Nebraska:
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<br />Lot Ten (10), in Sunset Third Subdivision,
<br />located in the North Half of the Northeast
<br />Quarter (N~NE~) of Section Eleven (11) in
<br />Township Eleven (11) North, Range Ten (10)
<br />West of the 6th P.M. Hall County, Nebraska.
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<br />logether with all the lenements, hereditaments and appurlenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings. heating, air 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.
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<br />And wltereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessmeDts levied Dr
<br />assessed upon said premises and upon this mortgage and the bond secured Ihereby before the same shall become delinquent; to furnish appro.oo
<br />insurance upon the buildings OD said premises situaled in lite sum of S 30{ 000.00 payable 10 said ASSOCIATION and to demer to said
<br />ASSOCIATION tbe policies for said insurance; and not to commit or penni any waste on or abouI said premises;
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<br />In case of defaull in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the renls. revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<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 oul 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 Ihe discharge of said mortgage indebtedness; these rights of tlte mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same,
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<br />These Presents, however, are upon the Condition. That if Ihe said Mortgagor shall repay said loan on or before Ihe malurity of said shares by
<br />payment; pay montWy to said ASSOCIATION of the sum specified iD the Bond secured hereby as interest and principal on said loan, on or before
<br />tlte Twenlieth day of each and every monlh, until said loan is fully paid; pay alllaxes and assessmenls levied against said premises and on this Morlgage
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<br />and the Bond secured thereby, before delinquency; furnish appro.oo insurance upon Ihe buildings Ihereon in the sum of $ 30,000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by il paid for such taxes, assessments and insurance with interest at
<br />Ihe maximum legal rale thereon from dale of payment all of which Mortgagor bereby agrees to pay: pennit nn waste on said premises; keep and comply
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<br />with all the agreements and conditions of Ihe Bond for $ 30,000.00 lhis day given by Ihe said Morlgagor to said ASSOCIATION, and comply
<br />with alllhe requirements of Ihe Constitution and By,Laws of said ASSOCIATION: then these presents shall beco"", null and void, otherwise they
<br />shall remain in full force and may be foreclosed al Ihe option of the said ASSOCIATION after failure for three months to make any of said
<br />paymenls or be three months in arrears in making said monthly paymenlS, or to keep alld c'Omply wilh the agreements and conditions of said Bond;
<br />and Mortgagor agrees 10 have a receiver appoinled forthwilh in such forecloswe proceedings.
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<br />If Iltere is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at lite oplion of The Equitable Building and Loan Association of Gnmd Island, Nebraska, become immediately due and payable without
<br />further notice, and tlte amount remaining due under said bond, and any ollter bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said OptioD, bear interest at the maximum legal rate. and this mortgage may then be foreclosed 10 satisfy the amounl due on said
<br />bond, and any other bond for additional advances, together with all sums paid by said Tbe Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessmenls, and abstracting extension charges, with interesl thereon, from date of payment at the maximum
<br />legal rate.
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<br />As provided in lite Bond secured hereby, w1tile this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />ma!'ers of said Bond, tlteir assigns or .-uccessors in interesl, which sums shall be within the security of this mortgage tbe same as the funds originally
<br />SOJ'UI'ed thereby, Ihe tolal amount of principal debt not to exceed at any time the original amount of titis mortgage,
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<br />Dated this 22nd day of August
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<br />~~~_~'4",{)
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<br />arene . r
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<br />STATE OF NEBRASKA, l ...
<br />COUNTY OF HALL ~
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<br />A. D., 19 83
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<br />On this 22nd
<br />
<br />day of
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<br />August
<br />
<br />19 83 , before me,
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<br />the undersigned, a Notary Public in and for said County, personally came
<br />Lloyd A. Mettenbrink and Charlene N. Mettenbrink, each in his and h~oO~~igh1p.,86}fijllf6to~,\lse
<br />of each other,
<br />me to be the identical pel1iOn S whose name S are affixed to the above instrument as mortgagor S and they severally
<br />Iclmowled8l'd the said instrument 10 be their voluntar,.:tJ!l<I.AWldecd.. .. ." . .
<br />WITNESS my hand and Notarial Seal the datelafor~NlRAl NDl~Rl ,
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<br />MyCommimonexpire. ~ n 19&.y~lYl~_M' ~~~;;;.~~
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<br />l~~/.!
<br />,,'~~ ~=-~=-~.
<br />Notary Public
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<br />,.11-81 81
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