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<br />MORTGAGE
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<br />83......4306823
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<br />MORTGAGE LOAN NO. To ;><1, 1 h'l
<br />KNOW ALL MEN BY THESE PRESENTS: ThaI Richard H. Urbach and Lois R. Urbach, each in his and
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<br />her CI\<IIl right and as spouse of each other, Mortgagor,whethe[oneo[more,in consideration of the sum of
<br />Fnrt:y Thom,;md and 00/100--=------------------------- DOLLARS
<br />loaned 10 saM mortgagor by The Equitable Building and Loan Associalion of Grand Island, Nehraska, Mortgagee, upon 400 sha:-es of stock of
<br />said ASSOCIATION, CertiflCale No. L 24,169 . do hereby granl, convey and mo[lgage unlo Ihe said ASSOCIATION Ihe following
<br />descIiOed real mate, iiUlated in Han County, Ne-bf~:
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<br />The Southerly Forty-'fWo and Nine Tenths Feet (42.9') of Lot Five (5),
<br />and the Northerly Fifty and Nine Tenths Feet (50.9') of Lot Six (6),
<br />all in Block 'I\oA:lve (12), in Parkhill Third Subdivision, an Addition
<br />to the City of Grand Island, Hall County, Nebraska.
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<br />together with all the tenernems, hereditaments and appurtenances thereunto belonging, induding attached floor coverings" all window screens.
<br />window .shades, blinds. storm windows, awni~. heating., ;,m cunditionmg, and plumbing and water equipment and accessories thereto, pumps. stoves.
<br />refriBCrra-tors. and otile, fixtwcs and equiprm-nt now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mort~or has agIC'("li and does hereby agree that the mortgagor shaH and will pay aU taxes and assessments levied or
<br />uscsscd upon said prem:ises and upon thIs mott~e and the b.)nd ~~cured thereby befOIe [he same shall become delinquent~ t<... -" ',ish approved
<br />insurance upon tbr. buildings on said prem.ises sitlUlted in the sum of $. 40,000.00 payable to said AS.'SOCIATION and t(1 de1i~r to said
<br />ASSOCIATION the JXdicies for said insurance; and nol to commit ur permit any waste on or about saId premises;
<br />In case of default in the performan<."C of any of the terms ,uld conditions of this mortgage or the bond secured hereby. the mortgagee shalt
<br />on detnand~ he entitled to immediate pos.seJmQn of the mortga~ premises and [he mortgagor hereby aS$i.g.ns, transfers and sets over to the
<br />mortgagee aU the fents~ r~ues a.nd income to be derived from the mortgaged premises dWlng such time a$ the mortgage indebtedne~ shall remain
<br />unpaid; and th~ mortgager shall h.aWi the power to appoint any agent Of agents it may desire for the r'U'p'~'se of repairing said pf~mises and renting
<br />the same and ooUecting the rents, re\....nue1 and income, linu It l1lay payout of sapj income all expenses. of repairing said premises and necessary
<br />rommiltSions and expen~ in<:Ufred ill rentmg aud managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />:apptiW toward thto diidw-ge ~lf $aid moi'l~C mdebtednt'SS; these rights nf the mortgagee may be ex('r'cised at any time dwing the existence of such
<br />tkfault. irr~ctJ\'e of lny temp,:muy walvtt of the :same,
<br />Tbr-lIe Presems. hQwe~r, .au:, upon the Condition, That if the said Mortgagor sllaU repay s.ud loan un or before the maturity of said shares by
<br />payment:; pay monthJy tu said ASSOC'!A TION llf 1M sum specified in the Bond seCUfC.u hereby as interest and principal on said loan, on or before
<br />the Tweniiethday of cadi and r:"/ely mo-nth.lIntit ~d loan is fully pal\!; pay ail tax.es and asscs.1imenl$levied against said premises and on this Mortgage
<br />and the Bond secured thetehy. before JeJinquenq' ~ furru.',h appllJve(j insurance upon the bUildU1g5 therwn in the sum of S 40,000.00 payable
<br />to ~d ASSOCIATION; replli~ II) lOaid ASSOCLAT10N upon d~rnaf1d ail money by il paid for such tax,,-!, assessments .and insurance with interest at
<br />the mu.imum legal late thereon from date of payment all (if which MOrl.g.agor hereby agr~~ to pay; permit no waste on said premises; keep and comply
<br />wi'h oil the agreeo..... a.rl ",,,.diM., ullhc Bund lur $ 40 J 000 . 00 tlu, day giycn by the said Mortgagur to said ASSOCIATION, and comply
<br />with all tbe reqwremcnU: of the COllshluuon;md By-Laws ot saul ASS<X~IATION; then these presents man become null and Y()id.othcfWise thl'JY
<br />ma.u remain in full force and may be foredosed at the option of the said /\sS(X:IA TION after failwe fOI' three months to make any of said
<br />pilyments or bf duee n~)nIN in aHiears in making sa.td munthly paymeot3., Of to keep and cumply with the agreements and conditions of said Bond;
<br />and MortpgOf agrees H.l haw a rec.eiwr appotnted It"lrthwilh Ul ~'h furedos:ure- proceed,ings.
<br />If ther-e is any change in uwueuhip of the reat estate fnortgagM betein, hy sale or olheJWtSe, then the entire remaining indebtedness .hereby
<br />_d sIlaII, >t the option of The Equililble Building and Loa. ASS<lCialio. uf Grand Island, Nebraska. bec:ome immediately due and payable without
<br />fwilier -no~, and the :UQOunt rcma.ining. due under satd bom.1. and any other bond for any additional advances made thereunder, shall.. from the
<br />Ore- of CU'fCi$e of said optioQ, bear interest.at the- max.imum !egai rale, and lM mortgage may then be fOfcclo$ed to satisf~ the amount due on said
<br />boIld.and any utbet burld rOt adililio"al advances, [<>gelhc[ Wllb all ,ums paid by sairl The Equitablc Buddmg and Loan Assuciati<>n of G..nd Island,
<br />Nebraska for insmanoe. taxes-and asseumenu~and absllactmgextcnooo charges. with interest thereon, from date of payment at the maximum
<br />IepI ..... ,
<br />As. ~ in tbe ~ s.ecwc:d hereby, .w~ this mo.rtgage u:mains ill c_ffee[ the mortgagee truiy hereafter iidvance additional sums to the
<br />makeu -of AMI: Bood~ theu asugN 0( succeuou m mterest. wtricli s:wns shall be Within the sccunty of this mortgage the- same 3..$ the funds originally
<br />acwM theteby, the. total amount of pnocipal debt 001 to ex.L-.eed at any time the original amount of this mortgage.
<br />A. D.. 1983
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<br />~ this 30t,b. day uf NoventJer
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<br />( ~~~<<"L:_____
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<br />~. .U,..,t..A.<l. _
<br />Lois R.
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<br />STA'iE OF NEIllW>KA. I
<br />('()U1'ffY Of IlAU \ ...
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<br />0rI tltJs 30th
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<br />day of
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<br />Novanber
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<br />1983
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<br />, before me,
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<br />the undersigned, , NOh.r;' l'ubue in ,nd lur said CmJDIY, personally came
<br />RicbiUd 1:1. Urboch al'jLl Lois R. Urbach, each in his and her am rightwRtfld ~ spo_,Jij l<~o
<br />ot.l:ler ,
<br />.... tu he 'he "'_11'"'_8 .._ ....""Ii are .ff"",d 10 lhe lbo.. ..."rhmen' a, m'>tIPll'>> S and they ",,,,[ally
<br />.~ lhe IIOiJl i""fT_11D be their \'tllu"ta,; ,<I 00.1 deed.
<br />ltI'I1lIl!SS "'y Jw\4 0J>rI ""...tal S<al the dttto .u".....t
<br />M,)lC~~),pficl,,1>-{. ':;r:/~-~'./
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