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<br />~79--~ ~t,37H2
<br />MORTGAGE
<br />MORTGAGE LOAN 1v0. L 23449
<br />KNOW ALL MEN BYTHESEPRESENTS:Titat Harlan E. Klein and Irene M. Klein, 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 />T ~• d I -----°__°'___°__°_°-^---------------------------- COLLARS
<br />iwentV r i've T riOiiS dnd der ::"i0 ruv-
<br />loaned to said mortgagor by The Equitable Building and Luan Association of Grand Island, Nebraska, Mortgagee, upon 250 shares of stock of
<br />said ASSOCIATION, Certificate No. L 2$449 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Halt County, Nebraska:
<br />LOTS FIVE (5) AND SEVEN (7) IN BLOCK TEN
<br />(10) UNIVERSITY PLACE AN ADDITION TO THE
<br />CITY OF GRAND ISLAPID, HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hrreditaments and appurtenances thereunto belonging, including attached Floor coverings, all window screens,
<br />window shades, blinds storm windows- awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter 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 thk mortgage and the Dined >ecured therebv before dte same shall become delinquent; to furnish approved
<br />insurance upon the buildings nn said premises situated in the sum of S 25, DDO. DD payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATIO!+i the policies for said insurance; and not to commit ur permit any waste nn or about said premises;
<br />In case of default in the performance of any of the terms and conditions of this mortgage ur the bond secured hereby, the mortgagee shall,
<br />on demand, be er+.titied io immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee alt the renu, revenues and income to be derived from the mortgaeed premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any scent or agents it may desire for the purpose of repairing said premises and renting
<br />the cattle and cullecring the rents, revenues and income, and it map pay out of said income alt expenses of repairing said premises and necessary
<br />mmmissinns and expenses incurred in renting and managing the same and of collecting rentals therefrom: the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness: these rights of the mortgagee map be exercised at any time during the existenm of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, howeve:, are upon the Condition, Tha: if the said Martgagor shall repay said lean on or be?ore the maturity of said shares by
<br />payment; pap monthly to said ASSOCIA710N of the cam specified in the Scrod secured hereby as interest znd principal on said loan, on or befort
<br />the TwYntieth dap of each and every month, anti! card loan is fully paid: pap all taxes sad assessments levied against said premises and on this Mortgage
<br />and itre Bond ucured thrrebc, before delinquency: furnish approvtd insurance upon the buildings thereon in the sum of 525, 000. OD payable
<br />to said ASSOCIATIGN: repay to sai3 ASSOCIATION upan demand all money by a paid fur such razes, assessments and insurance with imerest at
<br />the maximum legal rate ihtrean from date of paymru: all of whi%h 4fort¢agor hereb} agrees to pay: permit no waste on said premises: keep and wmply
<br />with aL the agrecttunts and condntons of the Bond for S 25, ODO.OO [his day ¢iven by. the said Aiongagor to said ASSOCIATION, and avmply
<br />with alt the requirements of the Constitution and By-Laws of satd :ASSOCIATION; then ibex presents shall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed at the op!inn of the said ASSOCIATION after failure for there months to make am' of said
<br />payments or be three months in arreau in making card monthh~ payments, or to keep and comply with the agreements and conditions of said Bond:
<br />sod Mortgagor agrees to have a rrcerver appointed forthwith ;n such fora.-lusurr prxredmgs.
<br />It there is any change in owrtership of the real rnatr mortgaged herein, by sak or otherwise, then the entve semaining indebtedne>s hereby
<br />secured shall, at thr optron of Thr Equitable Building and Loan Association of Grand ]stand, Nebraska, become irrtmediatety due and payabk without
<br />further ncetiee, and iHe amount remaining due under said bond, and an} other bond (or any additional advances made thereunder, shall, from the
<br />date of exercise of said option, braz interest at the maximum 1et31 rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond,and any ather bond for additional advances, toer[hrr with alt sums paid by said The Equitable Building and Loan Association of Grand island,
<br />Nebraska for insurance, taxes and assessmems, and abstraamg extension charges, with interest thereon, from date of payment at the maximum
<br />kgat rate.
<br />As provided in the Bond secured Hereby, white [his mnsigage remains in effect ihr mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors ih interest, which sutrts shall br within ttx security of this mortgage the carne as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at an} time the original amount of this mortgage.
<br />Dau this, 15th day of June A. n., 19 79
<br />r an In
<br />rene ein
<br />STATE OF NEBRASKA, ~ ss. On this l 5th day ot" dune 14 79before me,
<br />COU'N7Y OF HALL
<br />H&rlan E. Klein and Irene M. Klein, the undersigned,aNoiaryPublicinandforsaidCounty,personailypme
<br />each in his and her 01rRi right and as spouse of each other, -"'~wno are personailyknownto
<br />me to 6e the i~ntirad parson 5 whose namt5 are affixed to the above instru>stent as mortg~r 5 and they severally
<br />adcnowkdged the said instrtunent to be their voltmtary act and deed. j ~ j
<br />,~
<br />WITNESS my hand and Notarial Seal the daft aforesaid.
<br />i
<br />My Commission expim , .. / ~ - ." _ . ___ ...._..
<br />~_~
<br />SEXCpAi dDipaY-StzTC of SeSrasra { ~ No[asy, bl'
<br />Ii~F_t
<br />-1rJY A•t. SEA,ZLEY --~
<br />lpv Comm. 6p, S~pL 1, 17,E
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