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<br />- --- --~-__.. _-_~~u-ri;AClr I.c~A~i Nt~, L 23,642
<br />~.~owALLSIiz*II3~!'rtll~slrizl=sl~vTS:That ,}atrtes A. Schultz and ;9ar_,~ ;,. Schultz, eawh in his and her
<br />own right, and as spouse of each other
<br />Mortgagor, whether orx or mare, in amsiderntlon of the strffi >~
<br />ThirtY_eight Taousand Eight Hundred and NoIIOO---°------------------------------ I~~I.tas
<br />Tootled to saw tra;rigagvt by The Equitable Btuilding and Lawn Assceiation of GrarA island, ;:eb:sacs, M
<br />ortgagec, upon 3~ shares of storit of
<br />said ASSOCIATION, Certifi~te 240. L 23,642 , do hereby grant, corm and nmigage unto the said ASSOCIATION the foBortittg
<br />tlesailtEd real estate, nitrated in hall County, Nebraska:
<br />LOT TWELVE (i2} CASTLE ESTATES SUBDIVISION, HALL COUNTY,
<br />NEBRASKA.
<br />together with alt Lh¢ tenements, hereditamenis and appurtenances thereunto belonging, including attached floor wverings, afl window stseens,
<br />_ _. window shades, blinds, alarm windows, awnings, heating, air wrtditiening,and plumbeng and water equipment and accessories t)grcfo,putaps,staves,
<br />refrigerators, and other fixtures and egtripmen[ now o! hereafter atraahed to or used in mntwetian with said real estate.
<br />- -_ And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and wHl pay all taxes and assessments levied or
<br />- - assessed upon said premises and upon this mortgage and the bend secured thereby before the same shall become detirsgttznt; io ftunislt approved
<br />insurance upon the buildings cn said premises situated in the sum of 5 38 ~ BDD. OD payable to said ASSOCIATION and to deliver io aid
<br />ASSOCIATION the policies far said ins,uantx; and not to wmmit or permit any waste on or about said premises;
<br />In case of default in the performance of any of the terms and conditions o[ this mortgage or the bond secured hereby, We mortgagee shall,
<br />on demand, be entitled to immediate possessor of the mortgaged gremis¢s and the mortgagor hereby assigns, transfers and sets over to Lire
<br />morigagce all the rents, revenues and income to be derived from the mortgaged grernises during such time as the mortgage indebtedness shag remain
<br />tmpaid; and the mortgagee shall have the power to appoint any agent ar agents it trtay desire for the purpose of repairing said premises and re~tirig
<br />the saw and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said pretniaes and neccsaaary
<br />commissions and expenses htcurred in renting and managing the Sartre and of collecting rentak therefrom; the balance rent i~g, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existt:uce of such
<br />- - - default, irrespective a£ any temparar7 waiver of the sarr~.
<br />TIC Prcxn€s, however, are upon fhe Condttian,'fhat if tine said Mortgagor sha[i repay said loan on or before the maturity of said shares oy
<br />paytttent; pay martthty to said ASSOCIATION of the sum specified in the Bond secured hereby as interest sad principal on said loan, on or before
<br />the Twentieth day of each and every rrtonth, until said loan is fully paid; pay all taxes and assessments levied against said prerttises and on this Mortgage
<br />xad the Bend serured tiureby, before dcliaquency; furnish approved insurance upon the buildings flxrenn in the sum of S ~$ , BQ~. DD payab~
<br />'° ~J AS_Sfk:IATlO's; rely to mid ASw~lATION tt~n demand aB money by it paid far suit tames, assessrtxnts and ia3ldranCe with interest at
<br />the maximum legal rate thereon from date of payment aU of which Mortgagor hereby agrees to pay; txrmit mr waste tm said premises;ket:g and wmply
<br />with all the agrcem¢nis and conditions of the Bond for S ~$ $QQ, QD this day even by the said Marttragor to saint ASStY'iw'[;Q,y, anct cc=rly
<br />with ai-t the requireatents of the Constitution and By-Laws tit'said ASSOCIATION; then these presents shalt becaace nuB and wid, otherwise they
<br />shall remain in full force and may be Coreclosed at the option of the said ASSOCIATION after Cailure Cot ihrce months to stake any of said
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with the ag[ceruents and conditions of saw Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings-
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then tke entt[e remaining indehtedttess hereby
<br />soured shall, at the option of The Equitable Building and Loan As~ciation o[Grand Island, Nebraska,bemme immediately due artdpayabk without
<br />further notice, and the atttormt remaining due under acid bond, and any other bond lot any additional advances made thereunder, shalt, final the
<br />- date of exercise of east notion, bear interest at the maximum legal rate, and this mortgage may thin be foredased to satisfy the amotrm due on said
<br />band, and any other bond for additional advancrs, together with all sums >~ by said The F,quitabk Building and Loan Association of Graff IaLtd,
<br />tVebraska for iuatrance, taxes and ~N~+Mnts, and abstracting extension cLarges, with interest thereon, from date of payment at the tttattiumtm
<br />legal rate.
<br />As pcovided in the Bond secured hereby, while this mortgage remains in eF[ect the mrtgagee may hereafter advance additional sums to the
<br />tuckers oC said Btmd, their assigns or sttc~~essurs in interest, which stars shah be within the security of this mortgage the same as the funds oriigirttaIIy
<br />sectued thereby, the tuWl amatmt ref prinxipal debt not to exrxed at say tittle Ehe original attttrtmi of Fhis mortgage.
<br />_ ' thk ~ ~ day of ~ A. D-. 14 79
<br />es A- S ulisz ~_
<br />PSery R Schultz .~.
<br />srnTnrcwcrl~ o~ MALI... ~ ~" c~,t this 27 ~r ~ Navr 19 79 , Mare me,
<br />e the undersigticd, a Notary Public in and for said Count,!, petsott:>ircarm
<br />.James A, Schultz and Mary A. schultz~~each in his and her own right and as sp~ohe~f~h
<br />-other are
<br />- --roe to 6e ttie identint gersan S - whose - - -~)~Q~. ! ~ipd of the above iustrurrten[ as mortgagor 5 and they severaLry
<br />the said instrument to 6e
<br />r`1fp° .viftmracygc€.~ deed.
<br />- N'ITIYES$ my Ind and IJ~ ~dat~ra!'aicsahd_k t
<br />- tYiY Cattuttission expires~~i~~~°~+~- ~ ~ ~, - -'~~ j/, ~G~ , i-~' ~ j._ f. ~,i ~;
<br />f L ..`L'C.£ ,rte r^. ~% .C ,%~_.._.--__
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<br />Nataty Public
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