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79~-~- J2;~3
<br />MoRTGAG E _ __ _
<br />----~~~_~ ~~~~~~ MORTGAGE _. --_._
<br />LOAN NO. L _23513
<br />KNOi4' ALL MEN BY THESE PRESENTS: That Gary L. Klein and Mdry M. Klein , each i n his and her
<br />own right and as Spouse of each other
<br />Mortgagor, whether one or more, in consideration of the swn of
<br />Nineteen Thousand Nine Hundred Fifty and NO/100-------------------------------------~LLARs
<br />loaned to said mortgagor by The Equitable Building and Luan Association of Grand Island, Nebraska, Mortgagee, upon 199 shares of stock of
<br />said ASSOCIATION. Certificate No. L 2351 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described tea! estate, situated in Hall County, . ebraska:
<br />THE SOUTH SIXTY-NINE AND ONE TENTH
<br />(s 69.1) FEET OF LOT THREE (3}, IN
<br />BLOCK ELEVEN (11 ), IN CLAUSSEN COUNTRY
<br />VIEW ADDITION, AN ADDITION TO THE CITY
<br />OF GRAND ISLAND, NEBRASKA.
<br />together with all the tenemtnts, hrreditaments and appurtenances thereunto belonging, including attached floor coverings, aB window x:reens,
<br />window shades, blinds, stone windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories theceta, pumps, stoves,
<br />refrigerators, and either fiixttues and eyuipmrnt now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and dory hrreby egret that the mortgagor shalt and wilt pay alt taxes and assessments Itvied os
<br />assessed upon said premixes and upon this mortgage and the bond secured thereby 6rforr the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of 5 19,950, OQ payable to said ASSOCIATION and to deliver io said
<br />ASSOCIATION the palicies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In case of default in the pertbrmance of any of the terms and cmidiEions of this mortgage or the bond secured hereby, fhr mortgagee shall,
<br />on demand, be retitled to immediate possession nt the mortgaged premises and the mortgagor hereby assigns, ttansfas and sets ever [o the
<br />mortgagee all the ants, avenues and income to ba derived from the mortgaged premises during such time as the mortgagr indebtedness shall remain
<br />unpaid: and the mortgagee shall have the power to appoint any agent or agents it may desire fur the purport of repairing said prentisex and tenting
<br />the same and collecting ihr rents, revenues and income, and it may pay out of said income ail expenxs of repairing said premises and neces~ry
<br />commisions and expanses incurred in anfing and managing the same and of collecting confess therefrom: the balance remaining, if any, to be
<br />aoPlied toward the dixharge nt said mortgagr indebtedness; these rights of the mortgagee may be exercised at any time during the rxistentx of such
<br />default, irrrstiva ut a;i}' temporary waiver of ter sense.
<br />This; I"t_s.:nt_, kc.;vevtr, err u~r the trs€'' _ . Thst if t':Y sa 4io te=pee xha92 repay said loan on a= befart the riiatirity °€ said aharas by
<br />payment; pay inouthly to seed ASSC7CIAT10\ of ihr sum speeifetd in the Ilund secured hrreby as interest and principal on said roan. ufl or before
<br />the Twentitth day of each and rutty month,untit said loan is fusty paid; pay ail texts and a3srssmrnis levitd against said premises and an this Mortgage
<br />and the Boncl secured thereby, before detirtuuer~v; furnish approved insurance upon the tittddinas thrrton in the sum of S 19 g50_ (~ payahIt
<br />to said ASSOClATlt?4: repay to card ASSOLiATI(?N uliar..:errand all murtev by it pried tex stxh texts, assessments and in~ttratsct wrth interest at
<br />the maximum legal rate thereon from date of payment ati of which Mortgagor hereby agrees to pay; permit no wash on Bald premises;ketp and rnmpty
<br />with atI the agreements and Conditians of the Bond fore 19,950.00 this day given by [ht said Mortgagee to said ASSt)(_tATION, and comply
<br />with aP, the rrgiuarnents of the C°nstitu[inn and By-Laws of said ASSOCIATION; then these peexnts shad becanu null and void, oihrrwist they
<br />ahali remain in full furor and may br toraclasad at the aption of the said ASSOCIATION after failure ibr thrtt months to nuiita any of said
<br />payments or bn three months in arrears vi making said monthly Payments, or to keep and comply with the agreements and conditions of said Bord:
<br />and Mortgagor agrc~s to have. a recetvrr appointed fwthwuh to such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged beetle, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the optian of Tha Equitable Building and Luan Asuxiatian of Grand Island,Nehraska,hewme immediately btu and payable without
<br />further notice, and the amount remaining due under said band, snd any other bond tut any additional advancts made t}irrtunder, shah, from the
<br />dart of exercise of said option, bear interest at t!ie maximum Irgnl cart, and this martgage ntsy then be t'areciosed to satisfy ihr amotmE due on said
<br />t~nd,and any other bond for additi°nai advances, eugtihrr with ail auiru paid by said The Equitable Building and Luan Association of Grand iatand,
<br />(Nebraska for insurance, taxes and assrsatnrnix, and absttactrng extension charges, with interest thereon, from daft of payment a# the maximum
<br />legal rate.
<br />As rovided m the Bunu secured hrreby, while this ntartgage remains m effect the niurtgagre may hereafttr advance edd:reunal sums to the
<br />tnakess of said Bond, their assigns or su.~rss<us m inttrrst, whath sums shsll br within the stcurity of this ttwrtgage the settee as the funds ariginally
<br />~curtd llurtby, the total amsiuni of principal debt nut to exceed at any tirtr< the arigit;a! amount of this nwrtgage.
<br />'p ed this ~ r day of Al1glJSt A. D-, 19 79
<br />._~_
<br />rv' n, ~ E}.
<br />,~ ~.,
<br />terry M.; K~4 ,
<br />STATE OF NEBRASKA, ~ On this day of 14 , before tee,
<br />couNTVOPHALL 14th August 79
<br />the widersigrird, a Nota Public in and far said County, parstmalt txtne
<br />Gary L. Klein and Mary M. Klein, each in his and her ~vn righ~ and as spouse of each oi"her
<br />who are Personally known to
<br />me to bt the identical person 5 whose ttsme 5 affixed to the above instrument as mortgagor S and they severally
<br />acknowtedge3 ihr said instrument to be their wluntary act and dced
<br />WITNESS my hand and Notaries Sral the date aforesaid.
<br />My Commission expires ~~ J _ p -
<br />~~~ is ;.--.,sske 4.-tl Notary Pnbtic
<br />C+1=~ RS
<br />i . .. .. ,I ~re~4'
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