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79- t,a!,2845
<br />h10RTGAGE
<br />MORTGAGE LOAN NO. L 23414
<br />1030WALLMENBYTHESEPRESENTS:That Alvernon L. Knoepfel and Darlene I. Knoepfel, each in
<br />his and her own right and as spouse ofi each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Fourteen Thousand five Hundred and No/100-------------------------------------- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Luan Association of Grand Island, Nebraska, Mortgagee, upon shares of stock of
<br />said pS.iOCtAT10N, Certificate No. L 23411} , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT SIX (6) BLOCK SIXTY (60) TN WHEELER
<br />AND BENNETT'S ADDITION TO THE CITY OF
<br />GRAND ISLANDr HALL COUNTY, NEBRASKA.
<br />tageiher with all the tenerrtents, hereditaments and appurtrnsnc.°s thereunto btlaneing, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating. air vndnioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to m used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and dots hereby agree that the ntortaagar shall and will pay aU taxes and as.`essmcnts levkd or
<br />asressed upon said premiers and ape ~ this nrottgage znd the bond sec~rrgd t erebv before the same stall become delinquent; to famish approved
<br />insurarce upon the buildings on said premises situated it the sum aft 14, 51?O.OO pav~ab!t to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said inswana: and not to commit or permit any waste on or about said premises;
<br />In caa5± of default in the performance of any ot" the terms and conditions of this mortgage or the bond sec[tred hereby, the mortgagee shall,
<br />on derrnrid, be entitled xa immediate poaxs;ion of the mortgaged premises and the mortgagor hereby assigns, transfers and sits over to the
<br />mortgagee all the rents, revenues and inrnrne to be derived from :}te mortgaged premises daring such torte as the mortgage utdebtedness shag retttairt
<br />unpaed; sad the mortgagcr shall have the power to appoint any agent or agents it nay desire For the purpose of repairing said pntniscs and rearing
<br />the same and coBerxing the rents, revenues and income, and It ntay pay out of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and trta.~ging the same and at copecting rentals therefrom: the balance retraining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness: these rights of the mortgagee may be exercised at any tithe dwing the etcistena of such
<br />defarut, irrespecti~K of any temporary waiver ai the same.
<br />Theme Prexnts, however, are upon the Condition, That if the said Mortgagee shall repay said loan on or before the maturity of said shares by
<br />paymem; pay manthiy to said ASSOCIATION of the sum specified in the Band secwed hereby as interest and prinapal on said loan, on or before
<br />the Twxntieth day of each and evaery month, until seed lean is fully paid; pay all taxes and assessments leticd against said premises and on this Mortgaw
<br />and the Bond secwtd thereby, before delinouency; fwnish approved insurance upon the buildings thereon in the sum of S 14, 500.OO payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand aii money by it paid far such razes, assessments and insuraott with interest at
<br />the roaxi[r[rr:t legal tau thereon from date of payment alt of which Mo: tgagor hereby agrees to pay; ptimit no waste on said premises; keep and comply
<br />with all the agreements and srrditutns of Lht $and for 5 ~ 4, SOO.OO this ~}' given by the said Mortgagor to said ASSOCIATION, and wmply
<br />wit][ ati the reauntraents of the Constitution and B}'-Laws of ssi,: ASSOanIATiON: then these presents shall be~rome null and void, otherwise they
<br />sha0 remain in full Corce and may he foreclosed at the option of the said ASSOCIATION after failure for there months to make any of said
<br />pa}mrents or be three rrrzxnths in arcars in makutg said rrwnth,v payments, or to keep and comply with the agreern>nis and conditions of said Bond;
<br />and Mottgagor agrees to have a re,xivTr appointed forthwith m such forecbswc proceedings.
<br />if hurt is any cttaage in awnersltip of the real esUte mortgaged herein, by sale or otherwise. then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Egwtabk Building and Loan Association of Grand Island, Nebraska, became immediately dru and payable without
<br />fiuther notitt, and tM amwrat rcmar__,ing deg w.dtr said band. and any other band for any additional advances made thereunder, shs>1, from the
<br />date of exercise of said apt*on, bear interest a the msxirnutn legal taro, and this nutt^.gage may then be foreclosed to satisfy the amount due on said
<br />bond,ard any other bond for addniatui advances, together with ail -arms paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, xsxes and assesarrtenss, and abseratting cxurstaa cirzrges, with tautest thereon. from date of payment at the r*raximum
<br />legal tau.
<br />As provided in the Bind tecurr.-d tserebx•, wlu3e thee rnur[gagc remains m e[Tr:t the rrrartgagee may hereafter advantt additional sums to the
<br />tuskets of said Boad, their assigns ur succeswrs m interest, which sums shall be wither. the security of this trrartgagc the setae as the funds origirtally
<br />secured ttxieby, the total amount of principal deb[ r±at to exceed at env tone the origins! amount of this mertgage.
<br />Bated ihia 9th +i of ~y a. D.. l=I 79
<br />Alverno . K epf~e~,
<br />aar3ene noepfel ~~
<br />stA'l~ vF I~IEIgRASii1c, ~ r rJn this 9th day of P1dy 19 79 ,before me,
<br />CQUNIY OF HALL.
<br />Al vernon ~.. Kaoepfe 1 and Darlene I . Knoep fe 1 , ~ undertdgted, a Notary Public in and for said County, personallyame
<br />each in fits and her own right and as spouse of each outer, woo are peraaraltyknawnta
<br />t1!ta to bs tbo idnntiral pmoa g whose tearaa 5 ~ t @ sffiatd to the above instrument as mortgagor 5 and they acvcrally
<br />aderutwledywi the toad autrtlaaeat to be X12 j r vttltmtsry sot and loud.
<br />~ITN~S eery lwrd and Notarial Seal tfte Hatt sforcasid. i
<br />M7 Camrv>0utm taputa /~~J/,,(/ ~ J _.-
<br />_ _. -~ ttt r - ° :~- oiary Public
<br />41.51 W - -,_-.,~
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