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<br />I~i7RTGAGF -~,~-~- -_._.~~a--ate- --~- ---.~__~
<br />~~-•~--- MoxTGac,F LoaN Na.~4L 23387
<br />Ic~lowALt.ME:~BYTSESEPxFSENTS:That Larry L. Hassler and Gwendolyn L. Hassler, each in his
<br />and her own right and as spouse of each other,
<br />!+frtgegor, whether one or more, in consideration of the sum of
<br />Thirty Three Thousand Six Hundred and No/100---------------------------------------naLLARs
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 336 shazes of stock of
<br />said ASSOCIATION, Certificatz No. L 23387 , do hereby grant, ~nvey and mortgage unto the said ASSOCIATION the following
<br />descrihed reaS estate, situated in Hall County, Nebraska:
<br />THE SOUTHERLY EIGHTY-SEVEN FEET AND TWO (2) INCHES OF
<br />LOT SIX (6) AND THE SOUTHERLY EIGHTY-SEVEN FEET (87`)
<br />AND TWO INCHES (2") OF THE WESTERLY SIX AND EIGHT TENTHS
<br />FEET (6.8') OF LOT SEVEN ALL BEING IN BLOCK FIFTEE.d (15},
<br />ROLLItdS ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances 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 textures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay aU taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of 3 $3, 60D. DD payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises:
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shaL',
<br />on demand, be cmitlzd to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee alt the rents, 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 pawer [o appoint any agent or agents -it may desire for the purpose o! repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out 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, ff any, to be
<br />cepplied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of 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 specified in the Bond secured I-_rsby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, until said lean is fully paid; pay all taxes and assessments levied against satd premises and on this Mortgage
<br />and the Bond secured thereby, before detinquenry; furnish approved insurancez upon the buildings thereon in the sum of 3 33, 600. DD payable
<br />to said ASSOCIATION: repay to said ASSOxIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />tlrc rna_ximum legal eats iherean from Bats of payment a!1 of which Mortgagor heroby agrees to pay; gcrrnit no waste oa said premises; keep and Damply
<br />with all the agreements and conditions of the Band foe S 33, 6QD, OD this day giti~n by the said Mortgagor to said ASSOCIATION, and imply
<br />with all the requirements of the Constitution xnd By•Laws of said ASSOCIATION; then these presents shall become null and vaid, otherwise they
<br />strati remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three months in arrears in making said monthly payments, ar to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />1F there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shag, at the option of The Equi[ablc Building and Loan Association of Grand Island, Nebraska, becrome 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, Cram the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />band, and any other bond for additional sdvances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, Bom date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of mid Bond, their assigns or successors in interest, which sums shall be 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 lye original amount of this mortgage.
<br />Dated Uds') 9t day of Apri 1 a. D., lv 79
<br />/..-/' 11Am~
<br />as er
<br />fwendb7yn L. assler
<br />STATE OF NEBRASKA. t ~ pn t~, gth day of Apri 1 2979 ,before me,
<br />COUNTY o>: BALL 4
<br />Larry- L. Hassler-and Qrrendolyn L. Hassler, ~s'todersrgeted,aNotaryPublicinandforsaidCounty,personaAycame
<br />each in his and her own right and as spouse oi' each other, wha are personally known to
<br />me to 6e the identical parson S whose name S rite affixed to the above instrument as mortgagor S and they severally
<br />adtnowkd~d the said instrument m be their voluntary act and dced.
<br />WITNESS my hand and Notarial Ssai the date aforesaid.
<br />My Comntissian expires /1 /1, / ~
<br />_ - f ff L "tJ Notary Public
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