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79-- ~t.~~~33 MORTGAGE - MoRTGAGE LOAN No. L 23413 I~'OW ALL MEN BY THESE PRESENTS: That James A. Schultz and Mary A. Schultz , each i n his and her own right and as spouse of each other Mortgagor, whether one or more, in consideration of the sum of Forty Two Thousand and No/100--------------------------°----------------°--------- DOLLARS loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 42O shares of stock of said ASSO~'tA7[ON, Certificate No. L 2341.3 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following described real estate, situated in Hall County, Nebraska: LOT TWENTY SIX (26), WESTROADS ESTATE THIRD SUBDIVISION, HALL COUNTY, NEBRASKA. together witfi ail the tenetrtents, hereditaments and appuranances thereunto betongirg, including attached floor coverings, all window screens, window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves, refrigerators, and other Hxtures and equipment now or hereafter attached to or used in connection with said real estate. And whereas the said mortgagor has agreed and dots hereby agree that the mortgagor shall and will pay all taxes and assessments levied or assessed upon ssid premises and upon this titortgage and the bond secured ihzreby before the same shall become detiaquent; to furnish approved insurance upon the buildings on said premises situated ir. the sum of 5 42 ,000.OO payable to said ASSOCIATION and to deliver to said ASSOCIATION the policies for said irsurance; and not to commit or permit any waste on or about said premises; In case of default in the performance of any of the terms and conditions of this mongage or the bond secured hereby, the mortgagee shalt, on demand, be zntitted to irmnediate possession of the mangaged premises and the mortgagor hereby assigns, transfers and sets over to the mortgagee all thz rents, avenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain tmpaid; aad the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting the sattx and tpBecting the rents, :evenuzs and income, and it may pay out of said income all expenses of repairing said premises and necessary commissions and exptnszs incurred in renting and managing the same and of collecting rentals thzrefrom: the balance remaining, if any, to be applied toward the discharge of said mortgage indebtedness: these rights of the mortgagee may be exercised at amp time during the existence of such default, irrespective of any temporary waivtr of the same. These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said lawn on or before the maturity o[ said shares by paymem; pay monthly to said ASSOCIATION of thz sum specified in the Bond secured hereby as interest aad principal on said loan, on or before the Twentieth day of each and evrra month, turrii said loan is i ally paid; pay ail taxes and assessments levied against said promises and on this Aiartgage and the Bond secured thereby, before delinquency; turnrsh approved insurance upon the buildings thereon in the sum a! 5 42 , OQO.OO payable to said ASSOCIATION: repay to said ASSC~IATION upon demand a>I money by it paid for such taxes, assessments and insurance with interest at the maximum legal rate thereon from date of paymznt ail of whiaS Mortgagor hereby agrees to pay; pern•it no waste on said premises; keep and comply with a6 the agreements and conditions of thr Bond for 5 42 OgO.O this day given by the said Mongagor w said ASSOCIATION, and wmply with all the requLzmcnts of the Constitution and By-Laws at'sard ASSOCIATION; then these presents shall becottte null and void, otherwise [hey shag romain in full force and may be fcreclosed at the option of the said ASSOCIATION after failure for three months to make any of said ~ytrxnt; or be three months in arrears in making said monthly payments, or to kezp and comply wi.h the agreements and conditions of said Bond; and Mortgagor agrees to have a receiver appointed forthwrth in such foreclosure prtx:eedings. [f then is any changt in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness htrtby secured shell, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become im-rnediatety clue and payable without further rurtice, and the arrnaunt remaining due undo said bond, and an}• other bond for any additional advances made thereunder, shall, from the date of exercise of said option, bcarurterzst at the maxvnum legal rate, and this mongage may then be foreclosed to ~tisfy the amount due on said bond,and any other bond for additional advantts, together with all sums paid by said Tht Eytritabiz Building and Loan Assoeis[ion of Grand Island, Nebraska fur insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum legal rate. As provided in the Band secured hereby, white rabic mortgage remains in zffect the mortgagee may hereafter advance additional sums to the makers of said Bond, their assigns or successors in interest, which Burns shag be within the sectuity of this mortgage the carne as the funds originally secured thereby, the totat atrwtutt oC prLncipal dzbt oat to exaced at arty titzx the original amount of this mcrtgage. :d this 14th of Mdy A. D., l9 ]4 J s A. S ry u z STATE OF NEBRASKA, st. On this 14th day of Mdy 19 ]9 ,before me, COUN7Y OFYIALL r18IlI2S A. Schul ti- a~ Miry A. SChtl1 tZ, ~ undersigned, a Notary Public in and for said County, personally came each in h35 amt her csvn rinks spouse of each other who dre personally known to rse to be the itkretial pt:rson S idaowkdged the srid iraftrutnettt to ~ WiTNFSS lay ~I My Commiasion ' e r~S w11r•4,t ,r 4(~`F,~ affixed to tltc above instrurnmt as mortgagor S and they severally act and deed.