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<br />1411DRTGAGa~.
<br />„ - __ F,~ ~_ _,._ _.r;__._.___~.._,~~.,.~~.-.._MORTGAGE LbAN NO.-~^~~~~~__
<br />IQV{)wALLMENBrTHESEPR£SENTS=that Ronald R. Tech and Denise A. Tech, each in pis and her
<br />own right, and as spouse of each other
<br />-Mortgagor, wht:ther one or more, in extreadera[ion of the stmt of
<br />Eighteen Thousand Five Hundred and Noj100--------- ____________________________ DOLLARS
<br />baud to said mortgagor by The Equitable $uilding and Loan Association of Grand !stand, Nebraska, Mortgagee, upon 185 shares of stock of
<br />said ASSOCIATION, Certificate No. L 23,625 , do hereby grant, convey and mortgage uato the said ASSOCIATION the following
<br />darn'bed ;cal estate, sitrated in Hall County, Nebraska:
<br />LOT ONE {1} IN BLOCK ONE (11 IN SCHROEDER'S SUBDIVISION
<br />OF PART OF BLOCK ONE {1} OF BROWN'S ADDITION TO THE VILLAGE
<br />OF ALDA, HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor tx.verings, all window saesns,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stow,
<br />refrigerators, and other fixtures and equtpmem now or hereaCTer attached to or used in wnnection with said real estate.
<br />And whereas the said mortgagor has agreed and dues hereby agree that the mortgagor shall and will pay all taxes and assessnentr levied or
<br />assessed upon said premises and upon Sltis mortgage and the bond secured thereby before the same shalt become dtliaquent; to furnish approved
<br />insurance upon the buildings on said premises situated in tkte sum of 5 1$ , SDD. DD payaule to said ASSOCIATION and [o deliver to said
<br />ASSOCIATION the politics for said insurance;and err:t t° commit or permit any waste on or about said premises;
<br />In rise of default in the performance of any of the terrrts and conditi°ns of this mortgage or the twnd secured neteby, the mortgagee shsB,
<br />on c~rnand, be entitled to immediate possession of the mortgaged premises and the. rtxrrtgagor hereby assigns, Cransfers and setr over to the
<br />rtttmgagee all the. rents, revenues and income to be dcrivtd from the mortgaged premises dtuing welt time as the mortgage indebitdrttss shall rennin
<br />unpaid; artd the nwngagee shall have the power to appoint any agent or agents it may desire for the ptupose. of repairing said premises and renting
<br />the sure and collecting the rents, rtvenrus and inrbrtte, and it may pay out of said income all expenses of rcpairir!g said premixs artd necessary
<br />commissions and expenses incurred in rentiug and ntartaging the same and of collecting rentals therefrom; the balance rcmuniog, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; !}test rights oC the mortgagee may be exercised at any time during the existence of such
<br />dtfautt, irresgt.-tivz o f any temp°rary waivzr of the same.
<br />Thesz Presents, ItOwtyYr, ate uprm .ire Condition, Thai iC tee said Mortgagor ~hait repay said Loan on or before the tvaturi[y oC said shares by
<br />payrnem; pay monthly to said ASSOCIATIf11V oC the snm specified in the Bond secured hereby as interest and principal on said !part, on or before
<br />ihr 7wrttiettr day oC each and every month, unto said loan is fully paid; pay all taxes and assessments levied against said prtinistx atxl c : !ham Murtg~e
<br />arad t_he Bond tertrtd th~etxr, bzfore .~~[nnitsrti^i; fttr;.ish appravtd insurance upon the buildings ehzrzon in the stem of $ 1$ , SDD. Dt~ payable
<br />i~ a3sid ASS(;~IAitOn: repay eu said A=~iCiCI A'I~tt~'+? upon demand ail mutrey by ii paid Cur such Saxes, assessanettis aril insurance with isEeres! at
<br />else maximum Itr!al rate thereon from dace of mv.,rrrr ~!! „[ ,..!+:~r, Mo~~~ ti.iehv aRrets to pay; pertr't tm vv~~e tia-. sue, - ` - -
<br />r-= ----- -- -- - --...., . _ _ ~ rsrevr z asd ~rr~uy
<br />vr?th ~ ~ r~~~ i ~~.t:x Rr ~~ LAT.; fss g 1$ , 50D . ~(} Lh;; day gi~tt by the s;,id Atirrtgagerr to s=aid A'ssi3CIA`lit3N, Arid eompfy
<br />with ail tree requirements of the Constitution and Tay-Laws oC said ASSOC[AT'fON; then !hex presents shaA becottu nuB and void, otherwise they
<br />stall terrain in full force and may tx• f~•rrcfosrd a[ the option oC the said ASSOCIATION after faiture for three rtronths to make any oC said
<br />payments or be three rrtrrnths in arrears m making said monthly payments, or to keep and wmply with the agreetrtents and a~nditians oC said Bond;
<br />and Mrmgagcr agrees to heve a rcceivtr appointed forthwith in such foreclosure prtueedings.
<br />if there is any change in ownership of the real estate mortgaged herein, by sale ar otherwisz, then the en[irt remaining indebtedtttu htreby
<br />sectutd shall, at t;ve option °f The Equitable Building and Loan Association of Grand Island,Nebraska,become itnmediattly due artd payable without
<br />furttrer notice, and the arttount remaining due under said bond, and any other bond for any additonal advances trade [herctm~r, shall, from the
<br />date oC txcrcist of said opton, bear interest at the maximum legal rate, and this mortgage may then be foreclosed t° satisfy the a°tount due on said
<br />bond, and any other bond far additional advances, together with all sums paid by said The Equitable Building artd Loan Asmciation of Grand island,
<br />Nebraska Cor instuanre, taxes and asszssments, and abstracting extension charges, with interest thueon, from date of payment at the maximum
<br />legs! rate.
<br />As provided in the $ond secured hereby, while this mortgage remains in effect the mortgagee may tureafter advanrx additional sums to the
<br />matters of said Band, their assigns ui suuessors in interest, which sums shall br within the security of this tnortgtige the same as the funds originally
<br />arcutat tlttreby, the total amount uC principal debt not to exceed at any time the original attmunt oC this mortgage.
<br />'a 16th November A. D., i9 J9
<br />,/ .d ~ ~
<br />Rol~a d Ef, TeC ~`--
<br />Denise A, Tech
<br />STATE` OF NEBRASKA, 16th day of November 19 79 ,before me,
<br />COUNTY OF MALI. ss. On this
<br />the undeesigned, a Notary Publi~sn and fur said County, personally carte
<br />Ronald R, Tech and Denise A. Tech, each in his and her own right, W~Id as spouse of each
<br />other are p`rS41~y w°1O
<br />rnt to be the identical person S whose narne5 die affixed to the shove instrument as mortgagor S and they strveraBy
<br />acknowledged the said instrutttent to be their voluatary act aad deed.
<br />wITN.ESS my hand and Notarial Seal. fire date aforesasd.
<br />:^,
<br />My Commission expires
<br />tsrazta at / Notary Public
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