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79-- U lr 413 0
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L z34z4
<br />KNOWALLMENBYTHESEPRESENTS:That Charles F. Lange and Colleen E. Lange, each in his and
<br />her own right and as spouse of each ath2r
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Twentv Five Thousand Two Hundred and No/100----------------------------------------DOLLARS
<br />;moaned to said trwrtgagor by T'he Equitable Building and Loan Association of Grand island, Nebraska, Martgaget, upon 252 shares o€stock of
<br />said ASSOCIATION, Certifsrate No. L 224 , do hereby grant, convey and mortgage unto the said ASSOC[ATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT SIX (6) AND THE SOUTH HALF {S 2) OF LOT SEVEN
<br />(7), IN BLOCK THRC-E (3) IN DODD AND MARSHALL'S
<br />ADDITION TO THE VILLAGE OF WOOD RIVER, HALL COUNTY,
<br />NEBRRSKA.
<br />togt4itr with all the tenements, hereditamems and appurtenances themumo belonging, including attached floor coverings, all window srseens,
<br />window shades, blinds, storm windows, awnings, heating, air mndaioning, and plumbing and water equipment and accessorits thereto, pumps, stoves,
<br />refrigerator, 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 acid will pay all taxes and assessments kvisd or
<br />assesstd upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insruance upon zhe buildings on said premises situated'in the sum of S 25 , 200. DD payable to said ASSOCIATION snd to deliver to said
<br />ASSOCIATION [he policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In case of default in the performance of any of :he terms and ~ronditions of this mortgage or the bond secured hereby, tine mortgagee shall,
<br />on deritand, be entitled to itrunediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sits over to the
<br />mortgagte all the rents, revenues and income to 6e 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 desire for the ptupose of repairing said premises and renting
<br />the same and inflecting tht rents, revenues and income, and is may pay out oC said income all expenses of repairing said premises and ntcessary
<br />commissions and expenses intoned k renting and managing the same and of colleMing rentals therefrom; the balance remsinitg, if any, to be
<br />applied toward the discharge of said mortgagt indebtedness: these righrs of the mortgagee may be e-ercised at any time during the existence of such
<br />.default, irrespective of.any temporary waiver of the same.
<br />These Presents, howe~~rr, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the rnaturi[y of said shazts by
<br />paynterir, pay rttanthly to said ASSOCIATION of the sum specified in the Bond stcured hereby as interest and principal on said loan, on or before
<br />thr'Itctdtieth day of each and evtry month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 25, 200. DO payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; vern»t no waste on said premises;ktep and armply
<br />with a6 the agreements and conditions of the Band fur S 25 20D. DD this day-given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and Bylaws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain in fu6 force and tttay be foreclosed at the option of the said ASSOCIATION after failure for three months to makt any of said
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is arty change in ownership of tht real estate mortgaged herein, by sale ar otherwise, then tht entire remaining indebtedness hereby
<br />secured shah, at the option of The Equitable Building and Loan Assocciation of Grand Island, Nebraska, become immediately due and payable without
<br />further rtatice, and the amount remaining due under said band, and any other bond for any additional advances made thereunder, shall, fmm tine
<br />_ date- of exercise of said option, bear intuesi at the maximum legal rate, and this mortgage may then be forccosed to satisfy the arnount due on said
<br />timid, and any other bond for additional advances, tagtiher with all norm paid by said Tht Equitable Budding and Loan Association of Grand Island,
<br />Ntbreska for insurance, texts and assessments, and abstracting extension charges, with intemt therton, from dart of paytrtent ai the trtaximtvm
<br />legal rate.
<br />_ As ded in the Bond stcured hereby, whde this mortgage remains in effect the mortgagee may hereafter advance additional sums to [he
<br />ankers of aaM Bond, tht;r asrigns or stit:ceasors in inteztst, which sums shall be withtn the security of this mortgage tht same as the funds origimBy
<br />-: sebater]- - ~ , fhc-total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />lJt May A. D.,19 79
<br />ri F.-.Lan
<br />11eail 6. Lainge
<br />~f'A7'E OF NEBRASKA, ~ ~ ,. On this 17th day of May 19 79 ,before ttu,
<br />-~OUi+tTY OF.HALt
<br />the undersigned, a Notary Public in aced for said County, personally came
<br />Charles F. Lange and Colleen E. Lange, each in his and her own righ~ and as s~ouse~o~ wnio
<br />miter ~w a are ~ y
<br />the to be tht idestiiral person S whose. rtama $ are affixed to the above instrurnent as matg~r S and they severally
<br />adcanwkt~ed the acid iitstrumeat to tit the? r wlimtary act and deed. /
<br />WiTNL'SS my 6atid and Notat;. Seal the date aforesaid. , ' ~ ,
<br />iglkHAl MOnlitY=Slate at Yetrasta `~~ '1 ~.-1
<br />oleo Itt ~ JDY M. BEAZLEY, _ " Notary P li
<br />Ny tamm. fxp. Sept. i, I9BI ~ ., ". c... .,
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