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<br />MORTGAGE
<br />MoRTCACE LOAN No. L 23413
<br />IQvOWALLMENBYTHESEPRESENTS:Thai Alvernon L. Knoepfel and Darlene I. Knoepfel, each
<br />in his and her own right and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />_ Thirty One Thousand Two Hundred and No/100______________________________________~LLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Aswciation of Grand Island, Nebraska, Mortgagee, upon 312 shazes of stock of
<br />said ASSOCIATION, Certificate No. L 23413 , do hereby grant, convey and mortgage unto the said ASSOCIA710N the following
<br />described teat estate, situated in Hall County, Nebraska:
<br />NORTHERLY SEVENTY SIX AND ONE HALF (762') FEET OF
<br />LOT ONE (7), IN BLOCK TWENTY FIVE (25), IN RUSSEL
<br />WHEELER'S ADDITIOtd TO THE CITY OF GRAND ISLAND,
<br />NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor roverings, all window setans,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and ether fixtures and equipment now or hettafter 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 all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured therebx~ before the same shall become delinquent; to Furnish approved
<br />instrrance upon the buildings on said premises situated in the sum of S 31 , 2DU. UO payable xo said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to wmmit or permit any waste on or about said premises;
<br />In pse of default in the perforrttance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitkd to immediatt possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to [he
<br />- mortgages all the rents, revenues and income to bt derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desirr for the purpose of repairing said premises and renting
<br />the seta and collecting the rents, revenues and incotne, 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 tttt same and of collecting rentals therefrom: the balance remaining, if any, to he
<br />applied toward the discharge of said mortgage indebtedness; these rights of [he mortgagee may be exercised at any time during the existence of such
<br />detault; irrespective of any temporary waiver of the same.
<br />These Prtscnts, however, art upon the Candition, That if the said .'Mortgagor shall repay Bald Soan on or befaro the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of tlit sum specified in the Bond secured hxreby as interest and principal on said loan, on cr before
<br />the Twtvtkfh day of each and every month, until said Loan is fub'y paid; pay all texts and assessments levied against said premises and an this Mortgaot
<br />snd the Bond secured thereby, before delinquency; furnish approved ittsutance upon the buildings thert:tn in the sum of 5 31, ZQQ, 00 payabk
<br />*_o said ASSOCIATION; repay to srid ASSOCIATION upwn demand all manly by it paid far such texts, asses~nents and snsurtnct With interest ai
<br />the maximum kgal tact thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises; kttp and comply
<br />with ad the agreemenu and conditions of the Bond for 5 31 , 2D0.40 this day given by the raid Mortgagor to said ASSOCIATION, and comply
<br />with a6 the regtrirernents of the Cottsiitu[ion and By-l..aws of said ASSOCIATION; then ihtse presents shall bernme null and wid, otherwise they
<br />- ~mll remain in fuB fora and tray be foredased at the option of the said ASSOCIATION after failure for three months to tnakt any of said
<br />paytttents ar be torte tuariths to arrear in making said monthly payttrtnts, or to kelp and wmpty with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a rtceivtr appointed forthwith in such forcclasurt proceedings.
<br />If there is any change in rraYtership of the real estate ttwngagtd heron, 6y sale or otherwise, then the ensue retraining indebtedness hereby
<br />aecttretl shah, at the option of The Equitahle Building and Loan Association of Grard Island, Nebraska, become immediately due and payabk without
<br />ftut}ter notice, and the amount retraining due under said bond, and any other bond for any additional advances made thtretmdtr, shall, fram the
<br />date of exercest of said option, bear interest at the maximum legal rate, and this mortgage may thin be foreclosed tsr satisfy the amount due on said
<br />bord,and any other bond for additional advancca, tagethtr with all sums paid by said The Egtritabk Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension cha,-ges, with interest thereon, from date oC payrtteni at the maacimum
<br />kgai rate.
<br />As provided it the Bond secured hereby, while this mortgage remains in effect the mortgagee may hertafter advance additional sums to the
<br />makes of smd Band, their assigns or successors in interest, which setts shall be within the security of this martgae_ the same as the funds originally
<br />sectntd thereby, the total amount of Print3pat debt mi to exceed at any time the original amount of this mortgage.
<br />- ~ Chia _ 9th ~ of Flay A. D., 19 ]9
<br />~tl" no
<br />3
<br />r erte 1. uepL e ,
<br />STATE OF NEBRA5IU, [ ss. On this 9th day of
<br />COIJNI'Y ~ ~~ 4 May 19 ~ 9 , 6eforc me,
<br />i47~ 1%~r!i0n ~.. KnQepfe'! and Darlene I . KnOepfel , the undersigned, a Notary Public in and for said County. personally came
<br />each' in his and her tl~m right and as spouse of each other, wha are personaly known to
<br />rte to be 3lte idertiral person S wttase name S dr'e atTued to the shave instrument as mortgagor S and they severally
<br />adcrxiwktiged the said irthttmnnt to be their vaiuntary act and dad.
<br />WITiiESS ttty hand and Notarial Ssal toe date afannaid.
<br />_..~
<br />My Commission expert. ._ ._,.-~r...~ " .,~.
<br />s
<br />- __
<br />s-vsY R1 ~.:^.u.Al tF:rTI,P.Y •S~tt at t3tbraslta Notary Public
<br />-. .., F.A.lW.SAPP
<br />st±^`~ `^s My C^mm. @rp. Aug. 31, 1982
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