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MORTGAGE ~ 3 - )} `) f 8
<br />MORTGAG° LOAN NO. L 23950
<br />KNOW ALL MEN By Tt3FSE PRESENTS: That Jim D, Schmidt and Christine A. Schmidt, each in his -and
<br />her own right and as sparse of each other, Mortpgor, whetbsr one or »rtwe, in mmideruian ~tbe wa of
<br />~1E11 ca A oral Nn/lflO----__~~____~_~___~~__~_____r~_ ____~_~..~LU~
<br />ItMaed !o acid rreortgagor by The Equitable Building and Loan Association of Grand Isand, Nebraska, Mrrrtgrgee, upoe 100 sh+rea ~ #odc
<br />cad ASSOCIATION, Certifiau No. L 23950 , do hereby gent, convey and mnngage unw the aid ASSOCIATION the folllowittg.
<br />detenbed real esbte, situated is IIaB County, Nebraska:
<br />I~C7I5 FOUR (4) AND FIVE (5) 1N LiL0C3C 4WO
<br />(2) , IN Q~RKSOni' S FIRST ADDI'?'ION Zn ALDA,
<br />IN HALL tYAJN'PY, NEIiRA.SKA.
<br />together with aU the terrearenu, herodilanrents and appurtenances thereunto belonging, indtrdirg attached Bwr coverittgs, all window scans,
<br />window shades, blinds, s[o¢m windows, awnings, heating, av wnditionirrg,andplumbing and waurequipmentand acceaoria theet:to,pttmpa,staves,
<br />refrigerators, amt othec fixtures and egtdproent now or hereafter attacfired to or used in mnrtectinrr with said real estate.
<br />A~ whertys the said rortggor has agreed and does herby ogee that the mortgagor shag and will pay all taxes and aaseamenta kried or
<br />assesed upon said premises and upon this mortgage and the bord secured (hereby befog the same shall become delinquent; to ftsenish approved
<br />instrance upon the buiidirtgs on said promises situated in ilte sum of S 10, 000.00 payable to said ASSOCIATION and to delitsr to aid
<br />ASSOCIATION the policies for said insurance; and not to tammit or permit any waste on or about said premiss;
<br />In pse of default in the perfornmrce of nay of the terms and rnnditions of this mrxtg~ge or the bond assured herby, the moRgrgee shah,
<br />oa rkmartd, be entitled to immediau possession of the mortgaged premises and the nortgagor hereby assigns, transfers and sets over to the
<br />rmrlgrga all the rents, revenues and inmme to ~e derived from the mortgaged promises durirtg such time as the rrmrigige indebtednen shall remain
<br />unpaid; and the rrrortgagee shall have the power to appoint any agent or agents it (rny desire Cor the purpose of reparing rid premises and tenting
<br />[Ito satire and ~llecting the rents, revenues and income, and it may pay ot.-i of said inrxstru aB ezpenses oC repairing said .premises and +~+~-~y
<br />oomrniuions and expenses incurred in rentirtg and ntaroginB the same and of colketing rrntais therfrom; the balance rvninmg, if any, '~, be
<br />applied toward the disrltarge o{ sent mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of s~
<br />deftult, irrespective of any temporary waiver oC the same.
<br />These Prerrnts, howew.r, are upon the Coruiition, That if the said Mortgagor stall repay said loan on w before the rmtur;ty oC said shares by
<br />payrnnH; pay monthly to said ASSOCIATION of tM cam specified in the Bond sttwed hereby as interest and principal on aid loan, on or before
<br />the Twrntierh day of nch and exry month, until said lawn is fully paid; pay all taxes and assessments levied against said premises and oo this Mortgage
<br />and the Bond sa,-wed thereby, before delinquency; furnish approved ir~strrance upon the buildings thereon in the sum of S 10, 000.00 PaY~k
<br />to said ASSIX:IATiOIV: repay to said ASSOCIATION upon dtmsnd all nxnrey 6y h peed fw sur:h taxes, assea~ents a~ insurance with interest at
<br />the nnrtirrrum kgat rate thereon from dau of pavmeat all of which Mortgagor lxrtby agrtes to pay; permit nu waste on said premises; keep and compy
<br />with all the ageernerr+s and ooeditiorts of the Bond far S 10, 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />vnth aB the rgt+ireroenis of the Cans+itution and $y-Laws oC said ASSOCIATION; than these presrnts s'nll become null and void, otherwise they
<br />sltaN rer~in in full force and may be foreclosed at ..`.s option of the seal ASSOCIATION after fsilwe for three rnoa[hs to make any of said
<br />parmerrts w be three months in arrears in nuking said rrrorithly payotents, or to keep and comply with the ageements a~ condi[iorts of aid Bond;
<br />and 11ort~gor agrees to have a receiver appointed forthwith in such foreclosure pruccediogs.
<br />It there u any change m uwnerstup of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtednen hereby
<br />secured shall, at the option of The F:quitabk Building and Laan Association of {:rand Island, Nebraska, 6easme iounediately due and payable without
<br />furihu rotice, and the aarount rerOairtirlg due carder said band, and any usher bond for any addi[iooal advances made Iherermder, shag, from the
<br />date of exercise of said option, ben interest at the rruxirnrun {ego( rate, and this mortgage nny thin be foreclosed to ntisfy the amount dot oa said
<br />bood,asd coy other toad for additwnal advaxxs, together with all stems paid by said The Equitable Buiding and Loan Assocation of Grand Island,
<br />Nebraska for ios+aaaae, taxes cad asseswrtents, and abstra;:ting extension chargRS, wish inrerest thereon, from dau of pmyment at the maximum
<br />lag$ rate.
<br />As provided io the Borx3 secured herby, while this mortgage rcuuiru in effttt the rtwrtgagee may hereafter advance additional Brunt to the
<br />matters of said Bomd, their assypts w succemrrs in inurest, which sums shall bt within the security of this nwrtgage ttte same as the Curds origisully
<br />secured therby, the total amount of principal debt rent to exceed at nny time the original amount of this mortgage. ,
<br />peed, ebis_ 3rd day of .June A. n.. t y 81
<br />~tristilte A. Schmidt
<br />STATE (?p NEBRASKA, ~ n. On this 3rd day of June t 4 81 , befog me,
<br />CtxINIY OF HALL
<br />the unrkraigired, s Notarq fRr!+lic k and Ew said County, persoruB_v came
<br />Jita D, Schmidt artd Christine A. Schmidt, each in his and her own ri~ht and as s oLLUYe of
<br />22YCh Otter, `" arA par known to
<br />me to be the ideolicat pertws g whose ttau~ S are affixed to the above irtstrumcnt as rrtungagx5 and thUay severally
<br />~ the rid irrstrutuent ter be their wiur:tary x~t and doed_
<br />A7TNES.S my hand and l`icitarul Stal else dart araresaid. (,~
<br />My t:ummraa*xr cxp~..t?_.~` .., - _ ._..- - d _, (,s --1< j
<br />,,., ,, ~ -
<br />,._ Notary futtEk
<br />»Aaat a+
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