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7~-- ut~3015
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L23442 MGIC
<br />KNOW ALL MEN BY THESF. PRESENTS: That Robert G. Krei ner and Merri 1 Lynn Krei ner , each i n hi s
<br />and her own right and as spouse of each other
<br />Mortgagor, whether one or more, in coruderation of the sum of
<br />Fourteen Thousand Faur Hundred and NoJI00----------------------------------------- DoLLARs
<br />loaned to said mortgagor by Tht Equitable Building and Laan Association of Grand Island, Nebraska, Mosigagee, upon 144 shares of stack of
<br />said ASSOCIATION, Certiftcatt No. L 23442 MGIC do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />THE NORTH€RLY EIGHTY-FIVE (85) FEET OF THAT CERTAIN FULL LOT FORMED BY
<br />THE FOLLOWING DESCRIBED TRACTS OF GROUND, VIZ: FRACTIONAL LOT ONE (1}
<br />IN FRACTIONAL BLOCK THIRTEEN (13) IN RUSSEL WHEELER'S ADDITION, AND ITS
<br />COMPLEMENT, TO-WIT: FRACTIONAL LOT ONE (1} IN FRACTIONAL BLOCK ONE
<br />HUNDRED FORTY {140) IN UPdION PACIFIC RAILWAY COMPANY'S SECOND ADDITION,
<br />BOTH BEING ADDITIONS TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NESRASKA~
<br />iogsther with aB the tenements, hereditamenis and appurtenances thtrtunto belonging. including anached floor covxrings, all window screens,
<br />window shades, blinds, stnrm w^indaws, awnings, heating, air mndi[ioning, and plumbing and water equipment and sccessorits thereto, pumps, stoves,
<br />refrigerators. and nthrr futures and eattiptrtent now er hereafter attached to or ttxd in atnnection with said real estate.
<br />And whereas the said riiongagor has agreed art3 does hereby agree that the man~agar shall and will pay all taxis and assessitxnu levied at
<br />assured upon said premises anal upon this irtongage and the band secured [hereby before iht saint shall become delinquent: to furnish approved
<br />insurance upon the buildings on said premises 9tua[tdatt the sum of S 14 ,400.OQ payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION ihr policies far said insurance; and nor fa commit os permit anp waste on or about said prernixi:
<br />In cast of default in the performartct of any of the terms and conditions of liar mortgaee ar the band secured hereby, she mortgagee shall,
<br />on demand, be eatitkd to irttriudiate possession of the mangagtd premises and the mortgagor hereby assigns, trarufers and sets aver to the
<br />tuortgpgec all the renu, revrnuts and inaome to be derived Tram the mortgaged premises during such tune as the mortgage inttebtedrtess shall remain
<br />unpaid: and the mortgagee shall have the power to appoint any agem ar agents it may desist for the purport ui' repairing said premises sad renting
<br />the saint and coDectiag the ren[s, revenues and income, and It may pay out of said i»_rorite all exptnxs of repairing said premises and necessuy
<br />w;ninissinru and expenses incurred in renting and managing the same and of coileuing rentals thtrefrom: the balance rernalnit[g, if an}^, io be
<br />applied toward ilte discharge of said mortgage indtbtedrsess: these rigftts of the awrigagee inay be tscrcised at any' time during the existence of such
<br />default, irsespeetive of any ientporan waiver of the satire.
<br />These Presents, hox~cxr, err upon the Condition, That if the sand Mortgagor shall repay said loin on ar before the maturity of said shares by
<br />pa}'rrtert; pay man±,nly eo said ASSOCIATION of the sum speciGtd ir, rise Band xcurtd hereby as inures? and principal on said loan, on or before
<br />the Tamtitth da}• ai each aced tten_ manLh, unto said loan is fully paid; pa}~ all tarts and assessments ievitd agaias[ sold premises and on this Mortgage
<br />a[sd the Bond secured thereby, before delinquency: fuznish approved insurance upon the buidines thtrton in the sum of S 14 , 400.00 payable
<br />to ~itl ASSOCIATION; repay to card ASSOCIATION upon demand all math}- by ;t paid for such rases, asxsstnerts and insurance wish intersst at
<br />Cite raaxiraum kga.i rate [her=vr, frarn dart of pay,,,cnt a.l of which .'d~:: tga~~s htrchti as.trs to pay: xrnut ca waste as said premises; keep and comply
<br />with aU tht agrceareats and candiliaas of the Bond far 5 14 4(}0.00 this day given by the said Mortgagor to said ASSOCIATION, aced Comply
<br />with all the requirements of tht Caastitutma and By-Laws o~snid ASSOCtATIO\; then thtst presents shag becntne nuB and void, otherwise they
<br />shall renisin in fuB force nrid may be iaiuloxd at the option of the said ASSOCIATION afar faiiuse for three months to make any of said
<br />payt»eau ar be [tree months u; arrears in ttiakmg said monthh° pa}mtms, or to keep and cumpt} with the agreements and conditions of said Bond:
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure prexxedings.
<br />If there is aay lunge in awttrship of the real estate rnartgagtd lrtrein, by sale or othrrw•ise, rhea the ensue rettiainit>,q indebtedness hueby
<br />securer! SIraH, at the option of The Equiubk St:iidirig and Lawn Assocration o1 Grand 1sland,Nebraska, becotne immediately due and payable without
<br />further notice, sad the amount remaining dtu under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />tic of eaet~se of sad apiian, bear inters: at tht maximum Legal rate. and this mortgage sa}• thin Dr feseciesed to ~tisfy the amount dui on mid
<br />bored.and aay other bond €ar additional advances, c'tgrthtr xsth ill sums paid by said Tlx Equitable Building sad Lacer. Association of Crand Island,
<br />Nebraska far insttraace, tastes and assessments, and abstraztmg extrasian charges, with interest thereon, from date of payment at the maximum
<br />legal eau.
<br />As pmvidad ir. list Bond xcureil ;~rrby, while this rnartg+,ite remains in effect the mortgagee may hereafter advance additional sums to the
<br />rtukeis of said $.ind, thtu assigns ar successaz in inurer., which sums shatf be within the s.curi[y of rhis mortgage the same as the funds origirialiy
<br />secured thereby, the toW amiwnt of pruxrpal deb[ sot to txcxed at uiy that the original amount of tfus mortgage.
<br />-y~ 15th dry of May A. D.. i ~ 79
<br />~>'
<br />i r
<br />~ + ~.
<br />Herr ner
<br />STATE OF x1:8RASICA. ~ ~ O,o this 16th day of Play 1~9 , befurc rrte,
<br />counlrr o~ x~,LL
<br />T-t {i. l~["E7I1>61" II11d P~i'r'I ~ ~fEp KTelfler ~ the uadersiyted, a Notary Ptrltlit in and for said County, personally cams
<br />each 1r his afl$ beer tAa9 right anti a5 Spouse 0~ e~eh other who are perwrnllyknownta
<br />rue tube the idettsical pisson S whore ~ are sfi`ixed to the shove
<br />else mid itisttutaer[t to be their voluntary ad amt leas.
<br />1!'fINESS my ha*_;t tend Notarial Seal the date aforesaid. ~
<br />lily Comntiasion t~tpires -~~
<br />s-t-set to ~G-~d?-r~. ~ i7',p I.!~. '~ ~ I
<br />trtae[gagot5 and dye severally
<br />6EkfRAi tiLK!tgr . saaPo of riaW.
<br />!AS1Lfi `!1. t)LSON
<br />1s MY Comm.x~. Nav. IT, t41S
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