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<br />83- 005234
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<br />MORTGAGE See L 20,829
<br />MORTGAGE WAN NO. L:1<1 1<;7
<br />KNOW ALL MEN BY lllESE PRFSENTS: That Alfred C. Stolle and Lorrayne A. M. Stolle, each in his
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<br />and her own right and as spouse of each other, Mortpgor,whether one or more, in consideIationofthest1ll! of
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<br />Five TI1O'ls"nn "nil nn/l00---------------------------------_iJ()u;ARs
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<br />Ioaned to said mortgagor by The Equitable Building and loan Association of Grand Island, Nebraska, Mo~, upon 50 shares of IIodt of
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<br />said ASSOCIATION, CertiflCllte No. L 24,157 , do hereby gnmt, convey and mort_ tmto the said ASSOCIATION the followiJlg
<br />described real estate, situated in HaD County, Nebraska:
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<br />Lot One (1) and the South 1\venty Nine (29)
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<br />feet of Lot Two (2), in Block Fifteen (15)
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<br />in West Park, an addition to the City of
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<br />Grand Island, Hall County, Nebraska.
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<br />tosetbtr with all the tenement.i, hereditaments and ilppUltenances therCtmlo belonging. including atlacherl floor coverings, all _window .screens;.
<br />window shades, blinds, storm windows, itwrnnp. heating, air conditioning_ an~ plumbing and water equipment and accessories thereto. pumps, stows,
<br />refrigerators. and other ftxtures and equipment now or bereafte. at ta.clted to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and dDe3 hereby agree rhat the mortgagor shall and win pay all taxes and assessments levied or
<br />assnsed upon said premises .and upon this mortgage and the bond secured thereby before the same shaD become delinquent; to fUpUsh appTO\'eCl
<br />i..........,. upon ,he buildings on ..id prem.... SItuated in ,he wm of S 5,000.00 payable 10 said ASSOCIATION and to deU..r to said
<br />ASSOCJATION the poHdes fOf aid imurance; and not to commit or permit any waste on or about said premises;
<br />10 case of defaull in the pel"l;,rmance 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 posses:sJon of the mortgaged. premises and the mortgagor hereby assjgns, transfers and sets over to the
<br />~ aU the rmts, revenues and mcome to- be dcri\'ed rrom the mortgqed premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the moJtpg<< shaU have the- power to appoint any agent or agents it may desire for the pwposc: of tepUring said premises and renting
<br />the same and rolJectIDg the rcnts, re-yenues and income. and it may payout of said income all expenses of repairing said premises and necessary
<br />commissions and expenses inCUITt"d in rentlng and JTUlIlag..ing the- same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />aPDIied toward the discharge of said mo~tgagt'- indebtednes.~; tntSie rights of the nlOl-lgagee may be exercised at any time during the existence of such
<br />default, irrespective of my temporary WIUw:t of the S&l1le.
<br />These Presents, however. art: upon the Condition, That if the;Said Morlg:;gor shaU repay said loan on or before the maturity of said shares by
<br />payment; pay OlQuthiy to said ASSOCIATION uf I,he sum specifIed in the Bond seewed hereby as interest and principal on said loan, on Of before
<br />the Twentieth day of e.ach anti every month, until sa.d loan is fully paid; pay aU taxes aIldasscssments levied against said JHcmi3cs and on this Mortgage
<br />and the Bond ..."Wed Ihereby, befOfe dehnquellcy; furnlsb approved illSwance upon the buildings Ibereon in the wm of S 5,000.00 payable
<br />to Wd ASSOCIAnON~ fepay to- said ASSOCtA TION upon demand aU iJU:)IleY by it paid for S:Ucll taxes, assessments and insurance with interest at
<br />the maximwn Segal raU: thereon from date of paymenl all of which MOflgagor hereby ilgfeC5 to pay; permit no waste on laid premises; keep and comply
<br />wi'h all the agreements.nd conditiolls of the Bond fo, S 5,000,00 I.hi> day gi..n by the said Mortgagor 10 said ASSOCIATION, and comply
<br />with aIIlhe requirements of ,he Constitution and By,Laws of said ASSOCIATION; then 'hese presents sbalI become nuB and wid, otherwise they
<br />sbalI remaio in fuB fmeo and may be foreclosed at lhe ophon of the said ASSOCIATION after failiue for three months to make any of said
<br />payments or be three months in anws in making said monthly payments.. or to keep and comply with the agreements and conditions of said Bond;
<br />and MortNOJ agrees to have a rCt;eiver appointed forthwith in such forecloswe proceedings.
<br />If lhere i> any change in OWtleISbip of the realeslate morlgaged herein, by sale 01 otherwise, then the enlire remaining indebtedness hereby
<br />secured sbalI. at the option of The Equi"'bIe Building and loan Asoocialion. of Grand Island, Nebraska, become immedialely due and payable without
<br />futlhet notic:e. and the amounl remaining due under said bond, and any other bond for any .dditional advatt<es made thereunder, sbalI, from the
<br />date of e"",cise of said oprion, bear interest allh. maximum lepI tale, and tbia mortpge may then be foreclosed 10 satiJfy the amount due on said
<br />bond, and any other bond fot additicnal advances, togelher with aD .oms paid by said The Equitable Building and loan Association of Grand Island,
<br />Nebtub for insurance. taxes and assessxnenis, .and abstracting extension clwges. with inkIest thereon, from date of payment at the maximum
<br />lepI,He.
<br />As providod in the Bond seeuted hereby, while this mur!gage remains in effect the mortgagee may hereafter advatt<e additional soma to the
<br />mallen of said 110...1, their ...... ot """""""" in inter<st, which sums shall be within the security of this mortgage the same as the fWl(1s originally
<br />secured lhe<eby, the total amounl af pritlcipai debt nol to exceed at any Iim<: lhe original amounl of Ibis moll_,
<br />this i:~ of September A. D., 19 83
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<br />e. :~'-----
<br />i It'i,i't..]
<br />1.0 ' ayne A. M. Stolle
<br />stAllHW.I'.E.. BRAS..,~.. I
<br />COIJNTY.OF IW ~ >s.
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<br />On tbia
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<br />j;5 t;S day of ~t;;.~dev- 19 83 , before me,
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<br />,he undeISigned, a Notary Public in and (Of said County, perwnaUyea.me
<br />AltredcC. Stolle and Lorrayne A. M. Stolle, each in his and her ownJith9~eand ~oeach
<br />Ol:;bln" .
<br />... II) be'theddOmlcoll penon 13 whole ....., S aN afllxed 10 the.bow inulUtlleJ1t aslDOl1ia&O' s and they _tally
<br />~. the saidinu_1 ta be' the.i.r .ultmtary ad and deed. /;,. "
<br />WlTNl!SS "'Y ltand ..... ~1aI s.at the date afo,el...t '--'- I / . f' /
<br />!IlyC___.~\).t~,. i~f1t3 ' "., i .....,-::.Y,~I,.:.,LJ.__._':,~.f,;).L:-,:-.~.,."~./"
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