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<br />t4t#tTGAGE
<br />faoxTGAG>: uiAN No. I 23484 `
<br />'~owA>a-~feNBVnt~sEl<ir~s>ar1~:TbH James fi. Schultz and Mary A. Schultz, each in his and
<br />her own right and as spouse of each other
<br />Forty Thousand and NOI100-------------- x~`'`~OOGarmats_®wcmderat~attheam~
<br />----------------------------- --'buexs
<br />booed to said ntortpgor by The Egrutabk Burldirg a~ Ywrea Assocntion of Grand Band, Nebraska, Martga6e, upon 40O abam ~ ~ of
<br />said ASSOCIATION, Certifs~te Ro. L 234$4 . do hereby grant, coaeey arw mortgage tmto ttx said ASSOCIATION) the f~rwffig
<br />deauibed reil estate, sittated in ItaFl County, Nebraska:
<br />i_Crt ,icVen ~i~, nvif,^.~S $°CC^.d $L'hrijyi[inn in the tllty oT brand Island,
<br />Na11 County, Nebraska.
<br />together with a6 tl;e ±era;ments, hereditaments nerd appurtenances thereunto belortgiog, irrarrding attardted door coverings, a6 vtttdow saeens,
<br />window -,ides, 6tir._ds, storm windosva, awnings. heating. an conditioning,anapIumbing and water equiprmnt and accessories ttxreto,pntr>ps, ffiovea,
<br />reCr~raiars, ar:d other futures and equipment now or hereafter attached m or used m conne.-tion with aid real estate.
<br />And whereas the said mortgagor has ag-rred and does hereby agree that s2te tnoagagor shag and will pay alt taxes and atnes:meats levied or
<br />zssssed open said premiss aa3 upon this trtortgage and the bond secured thereby before the same shill bewtae delingmm; to furrsish approved
<br />insurance upon the brrildirtgs on said premises sixuated in the sum of S 4Q 000 OO payable to said ASSOCIATION and to deriver to said
<br />ASSOCIATION the policies for said insurance; atsd not to eomm0 or perrmt any waste ov or about sail premises;
<br />in wse of default in rite perfornunx of any of the ta~,s and wnd. ~,r~ of t;,i; ,,-~rtg~ cr iI-x, w. Y ~..:: ;ti. Wy, ,,µ-,.: ..~ ~
<br />oa rksaaad, be entitka to imrttediate possession of trre morrgagxd premees arts the tnrntgagar hereby assigns, traaafers and sets aver to the
<br />mortgagee a6 the rents, revenues and ;rrrnrrre to be derived tram the rrsortgaged premiss drtrwg such time as tht roortg~e rztd~tednes tali remaixt
<br />unpaid; nerd the mortgagee shaft 6ace the power to appoint arty agem ar agents it rosy desire For the purpos aF teparsing said premise: sad renting
<br />- rs~ soars and tnf'-~rs1m ~he rents rsveauea and inrarr~, a;td it n~Y pay c.~e of sad i J! ezpest~a of re~rir>e nail p2~.ars ~ nxee~y
<br />eotrmissiotcs and expertxs incurred in renting and managing the same axed of collecting rentah therefrom; !lx balutce nom, iF any, to 6e
<br />tawasd ±he discharge of zai<! tr~rrt~e deb«drsess; ihsr~ _ahts of the ._'r*~gr~ cosy be exert-d at any *~ d~+*iss t#te e*. +atennt~~ of ~-tt
<br />de f, iFreSpZUiivE er any Fettrpeta:y waiver of the same. -
<br />.:e. W:s, ;v~:~e:, a:z ;.t.:.., tht Co:-d;tion. T. at ;C the ~:id :;artgn~r ~a:i rely saw ;rte an ct :~f~~ the nsgtrrrt~y of jai ~~ by
<br />-vayment; car maattay {e sad ASSOCIATION of the sum saeciFxd in the flared secured hereby as interest a~ pcncipal ~ aidkvan. as ar befrzEe
<br />ilte Taentiethday of ~clt and exry month, uetil said loan is fully paid: pay ail taxes and asstsurreets kvkd against said premises arw on this rSlartgage
<br />and the Bond secured thereby, More delinquency; famish approved irtturance upon the buildings thereon in the sour of S 40 000.00 PaY~le
<br />to said ASSOCIATION; repay to said ASS(x1AT10N upon demand ill money by it paid foz such taxes, assessments and inetrn~x vriih iaterni at
<br />the nnxinremt kgaF rate thereon from date of payment a6 at which Mortgagor hereby agrees to pay; pertait tsa waste on saw prendses;kcep .a'_ comply
<br />with ill the agrcements and conditions oC the Bond for S 40 O.(~O ~(} ttos day given by the said Mortgagor to said ASSOCIATION, a~ comply
<br />with a6 the tequuerrtents of the Constitution and Sy-laws ot'sard A. IATION; Veen these presents shah become null and void, otherwise they
<br />shall ruin in iu6 force and my be foreclosed at the option of the said ASSOCIATION after failure for three months to make anp of said
<br />payments or lx thlrx ~.,aths m az:ears u-a mskirrg saw monthly payments. ar to keep and comply with the agreeroenu and coadiibns of mid Bond;
<br />amt Mort®gvr agrees is have a receiver appointe+! forthwith in such forecktstue proceedings.
<br />IC there i3 any change in awaerstrip of the real estate mortgaged herein, by sale or otherwise, rhea the entire retniaiaig iadebtedaea hereby
<br />seated shag, at the option of The Equitable Building and Loan Assoaation of Grand Island, Nebtaska,becora vrnnedtately due and payable widhe;u[
<br />further tmtece, and the amount remaining due under said bond, and nay otffir bond for any additional adranoes made theretmder, thaB, from the
<br />date oC extras oC said option, bear interest at the atuimetm kgAl rote, and this atorlgge may [hm be foredotad to atiaty the smounl due on aia
<br />bond, and say other bond for additional advances, tofgether with all sums paid by aid The Equibbk BuBdirtg and icon Assoeiation of Cnnd IaGnd,
<br />- - rA :,-,s...an. ~., .a,...~ a,... w..a...~.. , ^^.d sbsr.~._ o..:.n~.t,:, ri,..e s, witi.L+ t'~isr~si ihennn; from dots nF myraant ai t~ maz®um
<br />legal rate.
<br />As protidcd N Sire (toad scared n<seby, v:trTz h a<,e :pane .~. -^_ is at7o,.::he mari~gee z~:• S~eafter :dr~u mlditimra2 rotas to t~
<br />makers of said Hood, dtefr assigrts or aeccessots in interest, whkh sums shah be within the security of thin mortgage the same as the fttsda
<br />severed thereby, the total amount of principal debt net to exceed at any time the origin! atrtotmt of this mwtgage.
<br />;~i~ t' 20th ~r aF Juiy A. D., t4 79
<br />9
<br />J le u
<br />-Mary A. 5 ultz
<br />~ cOitN7'YOF1iA1:L~as. Otithia 20th ~7'of July I9 79 ,before me,
<br />the ttndertigoed. a Notary public in sad for aid Cormty, persoaaBY rime
<br />James A. Schulte and Mary A. Schultz, each in his and her own rightw~nd as spouse Y ekt;~ w
<br />other are
<br />- ttt Iri ire the identical pursaa5 whoa ~~~ ~reis~ Ixed to the above instrumwi ss tnartgagor s ana they aeveaBy
<br />~ rise aw kstastosnt to be - ~~;, t ~ #b~ deed.
<br />- °".TNE~.:.f 3~aami.~f.-3€sr..~,.~dat6 _ ~` ! nit - /J
<br />.. .rY C~.'W Chit ~ // f /TJ// .f //'. ~~ ~~
<br />I.Iy Ca.~.i ran astee-~-2ij '. $ hfri'3.~~.-~ ~ ~1 / t L L/ /1 /~ / t~
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