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;~':._.. ~.,U ~~ ~ ~' res.
<br />~t.r~tt~ts~
<br />- - Esff~x?cAC:I: Lf3A,~l Nfi. i_ 23+;r~s;
<br />Ie*I~~AI.I.MtaNNBVTItI~sl:rlt~sl:N'I's:Tbit Jerry L. Schultz and seraldine A. Schultz, each in his
<br />ar:d her o~vn right and as spouse or each other
<br />Twenty Five Thousand and NO/1fl0--------------------tr~ortgas}rr,srhetheroneormare.~wssFder,tion of the amt of
<br />---------------------------iYxs~i~
<br />baud to said mortg~agtr by The Equifab~ Building and toan Association of Grartd Island, Nebraska, Mortgagee, upon 25C shares of arose of
<br />ASSOCIATION, Certifttete No. ~ 23i~p, . do hardly gtattt, convey and mortga~ untrs the said ASSOCIATION the foi~nrbtg
<br />deacrs-bed teal Cstate, situatdm Iisll County, ,~tebraska:
<br />lot Thirteen {13), Scheel's Subdivision, Being
<br />a part of Section Thirty-Two {32), Township Eleven {llj
<br />North, Rarge Nine {g) West of the 6th p. m. in Hall
<br />County, Nebraska.
<br />together wi£€u all the tenernsnts, hsreditarnenis and appwtenances thereunto belonging, iacludiog attaehe$ floor coserirtgs, all window screens,
<br />=~tt~aw sha=-'t.~s, bl;rats, stator windows, awnings, heatutg, air conditioning, and plumbing and water equipment and accessory=a tl~reto, pua~s, storms,
<br />refri~e:ators, ar_w ether fixtwes and equipment now or hereafter attached fo or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agrce [hat the mortgagor shalt and will pay all taxes artd °~^^^ts leviai or
<br />aged upon said premises artd upon this mortgage and the bond secured thereby before the same shall becotnt defungtrent; to furnish apprared
<br />irrsuaaace upon the buildings on said premises situated in the sum of 525 CCC. OC payable to said ASSOCIATION attd to deliver to satl
<br />ASSOCIATION ilia polies for said insurance; and not to commit or permit any waste an or about raid premises;
<br />In case of rcefauii in tits perfornmrra of any cif lire irrutiaod t~.ditia. - of "`- :;, :~;, ~ is -''~.,,,-.d .s:.~ ^ :°a:^,„ Y, ;« ~rta,p__ ,t,~rr
<br />ort demaad, be entitled to immediate possession of the trrortgaged premises and the mortgagorhereby aaigrts, lraast'ers acrd seas over to L~
<br />mortgagee all the renU, revenues and income to be derived from the mortgaged premises during such iirrre u the mortgage indebtedr~ shall restrain
<br />unpaid; and the mortgagee shall have the power to appoin! any agent or agents it ntay desire for [he purpose of repairir~ said premises artd rrntirtg
<br />tht seine and coBectiag the rents, revenues and incorne, and it may pay out of sai$ iacorrte a!! sxpevses of repairing std premises xntl nary
<br />coetarissions a~ expenses ioeurred in renting and marugireg the same and of collecting rentals therefrom; tits t>alance remaiairtg, if say, to be
<br />applied coward the discharge of said rrtortgags indebtedness; these rights of the mortgagee may be exercised at any time duri~ the exi#euce of u.~
<br />dea'ault, irrespective of any teropo:ary waiver of the sore.
<br />Ttress Presents, herxever, ars upon t¢~ Corrdilion, That if the said Elartgagor shaIl repay said Ioaa an or before the maturity of raid shares by
<br />paytnertt; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on tam loan, on or before
<br />tilt. Twentieth day of each and every month, until said loan is fully paid; pa_y aB taxes and assessments levied an~;nn said prernis:s slid ost this Mort
<br />tree ~~.~ d s~rtred Fh°asbY, bsfors xlir~t~~Y; ft_~nish apps ~sr dm uprn the brtiidings L~,errrr. ;n the , tm cf S 2 cj , CCa~ . CC ~i
<br />A'. ~wIA ~03F: rev y '-- s:a:d nS,;t,`t-:iA i r{iN urn dtr~and au morreY by it pain for strrh iaiccs. assrssn!ertts and ~ ~+» wits intsrsat at
<br />the maximum legal rate thereon from date of payment a6 of which Mortgagor bereby sates to pay; armit tro wa=re nn vain ~..+i~; keep and ~,.~s.t>r
<br />wiF.h all FIx a~tements and errnditions of Fhe Bond far S ~ O , CCC, CC this day liven by the seta M~st~gor ~ ©~t sccrtr'rA,rs, ~s r'~-3`
<br />v.:t;r alt {he regtarerrants of the Carrstitution and By-f.aws of said ASSOCIATION; then these presorts shag become nrdi and voi9, ot3xrwife they
<br />shall remain in fuB fora and may be foreclosed at the option of the said ASSOCIATION after (aatue for three months to make any of eaitl
<br />payments or be throe months ut arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and -Yortgagor agrees to have a receiver appoented forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of tbe rest estate mortgaged better, by sale or otherwise, then the entire remaining icdebtedt~ hereby
<br />soured shall, a[ the option of The Egtritsble Building and Loan Association of Grand Istarrd, Nrbraska,btxonte immediately dm and payable svitimut
<br />further rrot;ce, >nd the arraunt remaining due under said bard, and any other bond for any additional sdvancea made tlxreunder, shah, from the
<br />date of eserase of said option, bear interest at the maximum itgal rate, and this mortgage may titan be foredosd to atirfy the atnowt due w said
<br />btrnd,aad any olixr barrel far additiowl advances, tagethtr with aB sutra paw by lid The Equit,' b Btril3iog attd L.oau Assodatioa of Grand lam,
<br />Nebraska far insurance, taxes and assessments, aced abstracting extension charges, with interest ti.. eon, from date of payW ant at the mattimum
<br />legal nte.
<br />As provider in the Bond secured hereby, while this mortgage remains in effes:t the mortgagee may hereafter advance additional rotas to the
<br />rmkers of said Bond, their :resigns or successors in interest, which sums shall ix within the security aC this mortppge the same as the funds orgitt:By
<br />secured thereby, the total atimuni of principal debt not to exceed at any tune the original atnonrtY of thin mortgage.
<br />~ ~t~th;: .26 of July A.o-, IS 74
<br />~~
<br />' errH z _-~ ,
<br />6eraidine A. Schultz
<br />STATE Ulr NEBRASKA, ~ ~ oa this 26th day of Jtl 1 y !~ 9 ,before tae,
<br />ctxltrrY of ItAta.
<br />the tmders~ed, a Notary Public in and rot saw County, peesonaBy came
<br />Jerry !. Schultz and Geraldine A. Schultz, sash in has and her own right and as spouse of
<br />~dCh other v'hO are ~O°a~' kflOV'n tO
<br />ice to be ilia identical perms whose names are affuai to the abov5.f ztn~udgnt as mortg~r s ,~ t hey severally
<br />~ tt~ slid itiRrtmteat to be t i,ei r wluntary eat and d«d. j ;~
<br />WITNESS my hand sad Notarial Seal tbe date aforesaid. ~% ~`
<br />3iyG°mmissioaexpitea `/ f~i!_.~_ % `~ '%s- !_ ~~ ~ I
<br />G~
<br />Nat~ry Pt~lle
<br />I6.~.isr Et f'~~ - / 7 , f~ , ~ ~ GE:iER ;! NJtARY ~ Stage of Nebr.
<br />- JAFiES Vd. OLSON
<br />MY Ce;nm. E.ce. Nev. t2. 1ui9
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