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79-- ~ ~~ ~i ~ ~. 7
<br />MORTGAGE _
<br />410RT~AGE LOAN NO. L 2343¢
<br />KNOW ALL MEN BY THESE PRESENTS: That Rudolf F. Plate and Jeannice R. Plate, each in his and
<br />her own right and as spouse of each other
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Thirty Two Thousand and Noj100--------------------------------------------------- DOLLARS
<br />loaned to sild mortgagor by The Equitable Bui[d•.ng and Laan Association of Grand island, Nebraska, Mortgagee, upon 32D shares of stock of
<br />said ASSOCIATION, Certificate No. L 23¢3¢ , do hereby grant, wmey and mortgage unto the said ASSOCIATION the following
<br />dexribed real estate, situated in Frail Cotmty. Nebraska:
<br />LOT FIVE (5) IN BLOCK SEVEN (7) IN KOEHLER PLACE,
<br />AN 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 scrteas,
<br />window shades, bFrnds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, cloves,
<br />refrigerators, and other frxttues and equipment now or hereafter attached to or used in connection with said real estate. -
<br />And vrhercas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all [axes and assessments leried or
<br />assessed upon said premises and upon ibis mortgage and the bond secured therehv before the same shag txcotne deIinqueat: to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 32 ,DDO.UD payable to said ASSOCIATION and to dcli~xr to said
<br />ASSOCIATION the policies for said insurance; and trot to commit ar permit any waste on as about said premises:
<br />In cox of default in the pertormance of any of the terms and conditions ot" this mortgage or the bond secured hereby, the mottgagee shall,
<br />on demand, be entitled to immediate gossession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derivYd from the mortgaged premises during such time as the mortgage indeb[edaess stall rctnain
<br />unpaid; acrd the rnartgagee shall have the power io appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />tlx same and tollecting the teats, retenttrs and income, and it tray pay out of said mcome aU expenses of repairing said premises and necessary
<br />sxrnnniaions and expenses incurredsn renting and managing the same and of collecting rantals therefrom; the balance remaining, if any, to be
<br />applied inward the discharge ai said mortgage indebtedness; these rights of the rtwrtgaget may be exercised at any time during t}te existence of such
<br />default, inesptctix of nay tempatan• waiver of the same.
<br />These Presenu, however, are upon the Condition, That if the said Mortgagor shall repay said loan on ur before the maturity of slid shares by
<br />payrncnt; pay monthly to said ASSOCIATION c,f the sum specifxd in the Band scoured hereby as interest and prindpal on said loan, on or before
<br />the Twentieth day of cacti and every atonth, until said faan is fully paid: pay at7 taxes and assessments lotted against said premises and on this Mortgage
<br />usd the Bond scouted thereby, before dclinqurrtcy; famish aaprotxd insurance upon the buidings thereon in the sum of 5 32 ~DaQ, OQ payable
<br />to said ASSOCFATiO'v: repay io Sala ASS. Of`FATiOV upon demand x13 money by 4t paid for such taxes, assessments and itsurance with interest at
<br />the maximum legal cote therzan from date of payment ail of which Mortgagor hereby agrees to pay: permit nu waste on said premises; keep and comply
<br />with aB the agreerrunis and conditrans of the Bond for ~ 32 , DOD. fl0 this day given by the sail! Mortgagor to S=id ASSOCIATION, and rnmply
<br />mtft zB the retptiretntnts of the fanstitution and By'-Laws of said ASSOCIATION; then chest pcescnts hall become nuFl and .av. ethcrwlx they
<br />$taB rcrnain in itdl force and may F+e fareclosrd at the option of she said ASSOCIATION afar failure for three months to make any o7 said
<br />payinertts ar 6e three months in arrears in ittakirtg said tnonthly payrsxnu, or to keep and comply with the agreements and wnditions of said Bared,
<br />arsd ltlortgaEor agrees to :save s receiver appamted farthwrth in such foreclasurr prusxedmgs.
<br />If ttrre is any :hangs sr ow~rship of the real estate rttartgagtd herein, by salt or othewLsc, then tFte entire rttruirtirtg indebted,KSS hereby
<br />secured s#aB, at the option of The Equitable BuiSditrg and Loan Associatiiut of Grand island, Nebraska, beco[rrc immediately due artd payable without
<br />fsnYhu acaticx, artd the armuat remaining due under said band, and any other bend for any additional advantts made thereunder, shag, from the
<br />dale tsf extsrs~e of said option, Ltr_ar interest u tFu ~catrsum k~l tact, and tl+1s rttortgage rosy then be forstlose-d to satisfy the arnaunt due ot[ said
<br />bond;and airy otyrcr bond kx additional advatttts, tageihtr with ill sutrts paid 6y said The Equitable Btiildittg and Loan Association of Grand island,
<br />2iebra9ka file insurance: taxes and assess=-Heats, and abstracting extensixs chugts, with interest thereon, from dare of payment at the maximum
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<br />- As provided in tFx flood sr<.trred bertby, while thu mortgage remains iH effect the mortgagee may hereafter advance additional sums to the
<br />rsQloats of said $~, their assigns ar atsxessars in int:cresi, wiucFt sums shall lx within the security of this mortgage she coerce as the funds originally
<br />secured ihtrcby, the total artmtuat of pri~ipai debt xt to exceed at any time the arigirrai art>ount of this mortgage.
<br />this 24th ~f May A. D., I9 79
<br />~~Rfl3CTitter'~ [t;,'t~~i
<br />STAl'ECOT7~ T'Y~~tiACL } s. t'ht ttris 24th ct~y of May I9 79 ,before mr,
<br />~i f .~ ~~~~ B~ ~ ~~ ~. ~~~; the undersign=d, a Notary Public in and for said County, petsonaBy ame
<br />each in his and -her OYHI ~nd ;lt5 spouse of each other who are personally known to
<br />me to be tyre idcot~al person S ~~,°';~C 2 e€~Fxed to ehe abtne instruanent as mortgagor 5 and they stverill}.
<br />the said ins[xrtgrei '~'~` '•, vtstftary net and deed.
<br />W[TNF3.S mp +,lttd Noya~rd ~aF i;tEi~ aforesaid. /~~(/~/J/J~~~~ ~/L/
<br />My Ca ex~ ~x tU'r~~ ~ /~/~
<br />', ~~`~ #,
<br />~_ . - -
<br />~' F° Notary Public
<br />f-L-fit At `s~ ~ - - _
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