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<br />g~--:j~r4618
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 23, 992
<br />KNOW ALL MEN BY THESE PRESENTS That Ronald Edward Schleirhardt and l,o.,-:,; ne Elizabeth
<br />Schleichardt, each in his and her own right and as spouse of each other,
<br />Mortgagor, whether one or mare, in consideration of the sum of
<br />'It~*+ .y Thotsand and no/100--__----------------------------- ~oLLARS
<br />boned to said mortgagor by The Equitable Building and Lunn Assortiation of Grand Island, Nebraska, Mortgagee, upon 200 shares of stock of
<br />said ASSOC[ATION, Certifiale No. L 23, 992 , da hereby grant, xnvey and mortgage unto the said ASSOCIATION the following
<br />desvibed real estate, situated in Hall County, Nebraska:
<br />A Part of the South Half of the Southtest 4tlarter (S'~SWQ) of Section Twenty Four (24)
<br />Township Eleven (I1) North, Range Nine (9)-West of the 6th P.M., Hall County, Nebraska,
<br />More Particularly Described as Follows: Ccmnencing at a point on the South line of
<br />said Section 24, which point is 138 feet East of the Southwest corner of said Section;
<br />ruining thence North parallel with the West line of said Section, 225 feet to an iron
<br />stake; thence at right angles East and parallel to the South line of said Section, 200
<br />feet to an iron stake; thence at right angles South and parallel to the West line of
<br />said Section 225 feet to the South line of said Section; thence West along the South
<br />line of said Section; 200 feet to the place of beginlzing.
<br />together with all the tenements, hereditaments and appurtenances [hereunto belonging, including attached floor coverings, all window screem,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories [hereto, pumps, stoves,
<br />refrigerators, and other fixtwes and equipnent now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall sod will pay all taxes and as~sments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shah become delimryent; to furnish approved
<br />inswance upon the buildings on said premises situa«din the sum of 520, 000. UO payable to said ASSOCIATION and to deliver to skid
<br />ASSOCIATION the policies (or said insurance; and not to commit or permit any waste on or about said premises;
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rants, revenues and income to 6e derived From the mortgaged premises during such time as the mortgage indebtedness shall romain
<br />unpaid; and the mortgagee shall here the power to appoint any agem ur agents it may desi« fur the purpose of repairirtg said promises and rrnttag
<br />the same and collecting the rents, revenues and income, and it may pay out of said inrnme all expenses of repairing raid promixs and necessary
<br />commissions and expenses incwred in renting and mamging the same and of collecting morals therefrom; the batons rctrgin(ng if any, to be
<br />applkd toward the discharge of said trwrtgage indebtedness; these rights of the mortgagee may be exercised at any lima during the existrnce of such
<br />deffault, irrespective of anY temporary waiver of the same,
<br />These Presents, however, a« upon the Condition, That if the said Mortgagor shall repay raid loan on ur before the matwity of said shoes by -
<br />pkyrnent; pay monthly to said ASSOCIATION of the sum specified in the Bond secu«d hereby as interest and principal on raid Iwo, on or before
<br />the Twentkth day of each and rvrry month,until said loan is fully paid; pay alt taxes and assesunents krkd against said premises attd on this-Mortgage - -
<br />and the Bond secured thereby, before delinyuency; famish approved insurance upon the 6uJdings thereon in the sum of S 2O, OOO.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand a8 money by it paid fbr such taxes, assessments and insurance with intercrt at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; pemtit no waste on said premises; keep and comply
<br />with all the agreements and rnnditions of the &md far $ 20, 000.00 this day given by the said Mortgagor to said ASSO(IATION, and wmply
<br />with all the reyuirernents of the Constitution and By-laws of said ASSOCIATION; then those presents sha8 become nub and wig, otherwise they
<br />shall rerrain in full force and may 6e forrdosed at the option of the said ASSOCIATION after failure for throe months [o make any of said
<br />payments ur be th«c months in anears in making said monthly payments, or to keep and wmply with the agreements and conditions of said Band;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such fwecbswe proceedings. -
<br />If there is any change in ownership of the real estate mortgaged herein, by sae ur otherwise, then the entire rcmki[dttg istdebtadtsep hereby
<br />sacurad shall, at the option ul The 6yuitabk Budding and loan Association of Grand Island, Nebraska, become immediately due and pyabb without
<br />further notice, snd the amsunl «maining due wrier said bond, and any other band fur any additional advances made thercwrtkr, shall, from the
<br />date of exercise of said option, bear interest at the maximum hgal rate, and this rrwrtgage may than bt foreclosed to gt;afy the atttoual rifts on skid
<br />bond, and any other bond fur additional advances, together wiW ill sums paid by said The Equitable Budding and Loan Association of Grand Island,
<br />Nobrsaka for insuwnce, taxes and aesemrk:n[s, and abstracting extension charges, with interest thereon, from date of payment let the rttaximwa
<br />legal rate.
<br />As provided m the &md securvd hereby, white this mortgage mmains in effect the mortgagee may hero[«r advance additonal wma to the
<br />makers of said Bund, then assigns ur succesxus in interest, which sums shall be within [he security of this mortgage the sarrc as the ftmds origirupy
<br />cumd thereby, 41x total amsmm of principal debt nut to extzed at any time the original amount o1'this mortgage.
<br />~uµerjth Bth~ ~ ~^ CZ~ A, a., 19 81
<br />~Doliald le ' 'rte-'„~ .
<br />Lorca Elizabe Sc:hle chardt
<br />STATE OF NEBRASKA, ~ ss ~ On this 8th day at' Septtallber 19 81 ,balms Ina,
<br />COUNTY OF ttA1.L
<br />the undersigned, a Notary Public in and fur said County, penonkBy ems
<br />Donald Edward Schleictlardt and Lorraine Elizabeth Schleichardt, ea~i in his and her own
<br />right aril as spouse of each other, are petwo y known to
<br />fro to be [hs idrntlat person 8 whose name S arC' affixed to the above tnstrwrtrnt as mortgagor S and they xrenity
<br />acknowledged the sold instruncent to be t~'leir voluntary act and dad.
<br />WITNESS my hand and Nohrisl Seat the dots al'uresaid.
<br />I
<br />My C,ammissron expires /~r _ ~- ~. , / ~ / ~„ `
<br />eatazM kr i ~ ~ : - Nn[arY F'u!±li,--~'_..
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