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79-- l~lila~'~
<br />MORTGAGE
<br />MORTGAGE LOAN NO. ~ 23353
<br />{"30MALLMENBYTHESEPRESENTS:That Ronald A. Steuben and Margaret A. Steuben, each in his
<br />and her own right and as spouse of each other
<br />Mortgagor, whether one or mare, in rnnsidetation of the stun of
<br />Thirty Thousand and No/100 ------------°-------°------------------------°------°-eoLLARs
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 3DD shares of stock of
<br />said ASSOCIATION, Certificate No. L 23353 . da hereby grant, convey and mortgage unto the slid ASSOCIATION the following
<br />described real estate, situated in Hail L'ounty, Nebraska:
<br />LOT FIVE (5 j, BLOCK ONE (1), HOLCOMBS
<br />ltIGHWAY HOMES 2ND ADDITION, CITY OF GRAND
<br />ISLAND, NEBRASKA.
<br />together with ail the tenements, hereditaments and appurtenances thereunto belonging, inctudutg attached floor rnverings, sit window screctis; - ~ -
<br />window shades, bonds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories tltereta,pumps;stoves,
<br />refrigerators, and other fixtures and equipttxnt now or hereafter attached to ur used in connection with said real estate.
<br />And whereu the said mortgagor has agreed and does hereby agree that the mortgagor she!! and will pay sit taxes and assessmsntskw;ed nr -
<br />assessed upon astd premises and upon this mortgage and the band secured thereby before the same shall become delinquent; to furnish approved- -
<br />insurance upon the huifdiags on said premises situated in the sum o-f 5 3Q ,~D. DD payable to said ASSOCIATION and to deliver to said-_
<br />- ASSOCIATION the policies for said insurance; and not ro commit or permit any waste un ur about said premises; - - - -
<br />In case of default in the performance of any of the terms and conditions of this mortgaee or the bond cured hereby,-the mortgagee s1iaB,
<br />on demand, be enrtlcd to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and- nits over to Elie
<br />mortgagee all the rents, revemxs and income to be derived from the mortgaged premises d~Ering su.:h time as the mortgage indebtedness shag remain
<br />unpaid; and the mortgagee sttali have the power =o_..appoint any agent or agents ii may desire For the purpose of repairing said-premiers snd sent.ng
<br />the sortie and mBecting the rents, revenues and income, and it may pay out of said income sit expenst:s of repttiiing said premises and-nexssary -,~.
<br />_ Cammf~ions atxi expenses incurred in renting and managing the Mme and of a:~lleming renrats itiem&om: the balance ternaining,_t~ m,.. -.r Ise -
<br />- ~ ap¢tied toward thx discharge of said mortgage indebtedness; these rights of the mortgagee r-.ay be exerciszd at any lime during the existence ai such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said shares by -- _
<br />- payment; pay monthly to said ASSOCIATION of the sum speeilied in the Bvnd secured hereby as interest and prhtcipa! on said roan, on or before -- _
<br />t!te Twentieth day of etch and every month„ until said.laan s fully oaid; pay alt taYe4 and assessments levied against said premises and oa this A3ortgage,.: -.. -
<br />and the Band secured thereby, before delinquency; furnish approved insurance upar, the buildings thereon i~ the sum of $ 3D,D00.00 payable
<br />to said ASSOCIATION; repay^ to said ASSO{'WTiON upor. dctnand aP money by it paid for such taxes, assessments and insurance with interestat
<br />= the maximum lega3 rate thereon from date of payment ail of wF.ich Mortgagor hereby agrees to pay; permit no waste on said premises; keep andcomply -"
<br />with all the agreements and conditions of the Band for 5 30,DOD. DD tl+as day given by the said MoRgagor to said ASSEICL4TIChY, and comply
<br />wi*.h aP the requirer:iPnts ~^f *_he CarLtitution and ByL~ws of said ALSQCLATION: then these presents shalt become r+~1 and void, othenvi~ tltLy - -
<br />shaB remain in £ull farce and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payztrents or be three months in arrears in making said monthly payttaents, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a recei~zr appointed forthwith in such forecloswe proceedings.
<br />_ If there is any change in ownership et the real estate mortgaged herein, by sate yr otherwise, then the entire remaining indebiedttesa hereby
<br />secured shall, at the option of The Equitable Budding and Loan Association of Grand Istand, Nebraska, become immediately due and payable without
<br />ftuther notice, and the amount remaining due- under said l;ond, and any other bond for any additional advances made thereunder, shall, from the
<br />data of exercise of said option, bear interest ai the maximum legal rate, and this mortgage may then be foreclosed to satisfythe atrtount dne mtsaid
<br />bond, and any other bond for additional azvances, together with ail sums paid by said The ~ gtiitable Bt+ilding and Loan Association of Grand Is~nd,
<br />Nebraska for insurance, taxes and assessmems, and abstracting extension charges, with interest thereon, tram date of payment at the maximum
<br />lega3 rate.
<br />As provided in the Bond secured hereby, wht7e this mortgage remains in effect the mortgagee may hereafter advance additional straw to the
<br />makers of said Band, their assigrts or successors in interest, which sums shalt be within the sectuity of this mortgage the same as the furtds originally
<br />secured thereby, the rout amount of principal debt not to exceed ar any time the original amount of this mortgage.
<br />nat~ /~ ~^ 8t v day of February A. ~., is 79
<br />Ron~~ A. SLei7~31~t {~ /
<br />f f E:.,.yf
<br />rQ /~: $t2U5en
<br />STATE ,r vE>BtAS;!cA,~~. OnFiis 28th dayaf February 279 ,txfnreme,
<br />co~~TY a~ D:aI.L
<br />the tutderaigeed, a Notary I'tthBe in a~ fo: said Cottnry, personalty esu~
<br />Ronald A= 5teuben:and Mars}~ret A. Ste', each ffI #tis :and ht&r own~r~ig#lar~nil ap~r~ ~c~I~se
<br />of P'dch either -'"= ~"^~ own to
<br />- `~.
<br />sne to be t,_c ;-4entteaz parson g wba~ a~n y.. ~-' ~ ~y~arirxad to the abavemstrtunent as mSSrtgsgor 5 and- -they tatty
<br />awledged the said atstruatent to b~ £ _Zh~~ H ~~drt aatd deed.
<br />~ v
<br />wITNES$ my lrand~t~3'VOtaria~,f~i ~t t,€vi'~td.
<br />Mp Cammissian ~. ~' x ~"" ~ *-,(
<br />- ~t-met Rt - ~~ f r~ j 1.. ~ - 6[ otarY Public
<br />Li'1,'- ~ r .M y~
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