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<br />MORTGAGE
<br />MORTGAGE LOAN N(I. L 23, 732. - .
<br />KNOwALLMENBVTIIESHPRESENTS:That Elmer D, Steik and Noia L. Stelk, each in his.and:_ -:
<br />her own right, and as spouse of each other
<br />Mortgagor, whetheraa oz more,ia udf theamaed--.. -
<br />Twenty-seven Thousand and No/700-------------------------------------------------
<br />~.
<br />loaned io raid mortgagor inj The Equitable Building and Lunn Association of Grand Island, Nebraska, Mortgge, thou 270 »>~ of attidc trf: -
<br />saM ASSOCIATION, Cer[iFote No. L 23, 732 , do hereby grant, convey and trortgage unto -the said ASSOCfAT10N- tlx foHowies.
<br />descnbed real estate, sittnted in HaB-Coumy, Nebraska.
<br />LOT TWO (2) IN BLOCK TWO {2j FIRESIDE ESTATES
<br />SECOND SUBDIVISION LOCATED IN THE NORTHIAES7
<br />QUARTER OF THE NORTHEAST QUARTER OF SECTION
<br />THIRTY-FIVE (35), TOWNSHIP ELEVEN {ilj NORTH,
<br />RANGE TEN (10) WEST OF THE SIXTH P.P4l, HALL
<br />COUPJTY, NEBRASKA.
<br />together with all the tenetnents, hereditaments and appurtenances thereunto belonging, including attached noor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, andpiumbing and water equipment and accessories thereto, pumps,stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />.4nd whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessmenu levkd or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to famish approved
<br />insurance upon the buildings on said premises situated in the sum of 3 27, OOO.OO payable to said ASSOGIATION and to deBver to said
<br />ASSOCIATION the policies far said insurance: and not to'commit or permit any waste on or about said premises;
<br />in case of default in the pertom~rtce of any of-the terms and conditions of [his mortgage or the bond seemed hereby, the mortgagee shag,
<br />un deanand, im erti!led to immediate lxissession cf the mortgaged premises and the mortgagor hereby assigns, transfers and sits over to the
<br />mortgagee all the rents, revenues and inwme to be derived from the mortgaged premises during such time as the mortgage indebtedness shall romain
<br />unpaid: and the mortgagee stall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the some and collecting the rents, [evenues and itrnme, and it may pay out of said. income all expenses of repairing said premises and necessary
<br />cotmtissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said nwrtgage indebtedness; these rights vl the mar tgagee may be exercised at any time during the existence of sudt
<br />default, irrespective oC any temporary waiver nC the carne.
<br />T htsx r=resenis, however, arc upon she %undition, That if the said Mortgagor shad repay said Ivan on or 6tfore the mattuity ~f said shares by
<br />payment; pay monthly to said ASSOCIATION vl the sum specititd in the Bund secured hereby as intertsi and principal on mid loan, on ur before
<br />the Twentieth day of each and every month, until said luau is fully paid; pay a6 tars aztd assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; famish approved insurance upon the buildings thereon in the sum of 3 27 , OOO.OO payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all [Honey by it paid for mete taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payn[en[ all oC which Mortgagor hereby agrees to pay; permit nu waste on said premises; keep and tnmply
<br />with all the agreenents and wnditions of the Bond for 3 27 ,OOO. OOthis day given 6y the said Mortgagor to said ASSOCIATION, and wmply
<br />with ail the requirements of the Constitution and 6y-laws of said ASSOCIATION; ther. these presents shah become null and void, otherwise they
<br />shall remain in fu6 force and may be Foreclosed at the option of the said ASSOCIATION after failure (or three months to make any of said
<br />payments or be tiuee months in arrears in making said monthly {rayments, or to keep and comply with [he agreements and condillons uC mid Bund;
<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 mort~ged herein, by sale or otherwise, then the entire remaining indebtedness hemby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Is1and,Nebmska, become itnmeaiately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of excaise of said option, bear interest at the maximum legal rate, and this mortgage tray then be foreclosed to satisfy the amount due on mid
<br />bond,and any other bond for additional advances, together with all sums paid by said The Equitable BuBd'utg and Luan Association of Grand Island,
<br />Nebraska for htsurance, taxes :utd assessrtcents, and abstracting extension tdtarges, with interest tlcereon, from date of payment a[ the maximum
<br />legal cote,
<br />As pmvided in the Bond secured hereby, whae this mortgage remains in effect the mortgagee may hereafter advance additional sums [o the
<br />makers of said Bond, their assigns or successors ua interest, which sums shall be within the security of this mortgage the same as the Funds originally
<br />-secured thereby, the total amount oC principal debt not to exceed at any time the original amount of this mortgage.
<br />ITated-this 24th. day of July A. rI., i9$0
<br />me to ~-
<br />Noia L. Stelk
<br />STAB of NEBaASxA, ~ ~, an tots 24th . dar of J u 1 y 19 $Q ,before me,
<br />COt1NTY OF HALL
<br />_ the undersigned, a Notary Puhhe ht and f'or said County, personally came
<br />Elmer D. Stelk and Nola L Stelk, each in his and her own right, alwc~aas spouse of each other
<br />are I>ersonalty known to
<br />the to be the identical person 5 whose nanro 5 are affixed to the above y~rutnu~t as mortgagor 5 and they severally
<br />auknaw~ged the said irstrutrarnt 20 be their voluntary act and deed: (/ } ~ r~
<br />wITNFSS my frartd and Notarial Stai the date aforesaid. -"''y s_
<br />,~~ ,ir
<br />Hy Cormniuion tzpirts
<br />yr/ Lary Public
<br />teaasat m i' % -.~ f/~~ p GENENAL tiOiARY-Stax n! t:ebraska
<br /><~ {---*t-'a~ ~ ~ r ~"~ t ' ~JAttES 4'r O;SGN
<br />~r?:;~e~"~ Ny Comm czP~ Nov 12 ;9H3
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