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<br /> 77- 0�'�16 6
<br /> MORTGAGE
<br /> � MORTGAGE LOAN N0. L ZZ.9ZO
<br /> KNOWAL4NENBYTHESEPRESENTS:Thrt Opal I. Schuett, d single person
<br /> Mortgegot,whether one ur mote,in consideration of the sum of
<br /> Thirty One Thousand Six Hundred and No/100------------------------------------- ��Lwres
<br /> lorned to said murt�agor by The Equitable Building and Loaa Association of Grand lsland,Nebraska,Mortgagee,upon 316 shares of stock of
<br /> uid ASSOCIATION,Certificate No. L 22.920 , do hereby grant, convey and mortgage untu the said ASSOCIATION the following
<br /> described real estau,situated in Hrll County,Nebraska:
<br /> THE NORTHERLY HALF OF THE SOUTHERLY
<br /> HALF OF BLOCK TWO (2) FOt1RTH AQDITIOM
<br /> TO CAIRO, HALL COUNTY, NEBRASKA.
<br /> t�ether with all the tenements,hereditaments and appurtenances thereuntu belonging,including attached tluor coverings, all winduw xreens,
<br /> winduw shades,blinds,storm windows, awnings,heating,air cunditiuning,and plumbing and water equipmen[xnd acaswries thercto,pumps,stoves,
<br /> refrigerators,and other fixtures and eyuipmen�nuw or hereafter a[tached to or used m wnnrction with said real estate.
<br /> And whereas ihe said mortgagor hxs agreed xnd does hereby agree that che mortgagor shall and will pay aA taxes and assessments levied or
<br /> assesced upon said prernises nnd upon this mortgagr and the bond sec r d 1�j,eirb� beinre the urne shall becume delinyuent; to furnish appruved
<br /> insurynce upon thr buildings un uid prrmises situated in the sum uC$���6UU.�� payublr tu said ASSOC1AT10N and tu deliver to seid
<br /> ASSOCIATION the policies for said insurance:and not to comrnit or permit any wastr un ur xbout said premises;
<br /> In cxse uf'default in the performance of any uf the[erms and conditiuns of this mortgage or the bond secured hereby, the mortga�ee ahxll,
<br /> vn dertwnd,be entitlyd to immediate pussession uf[hr murtgaged prem�ses and the murtgagur hereby assigns, transfers and sets over to the
<br /> mortQagee rll the rents,revenues and income tu be derived from the mortgaged premises during such time as the murtgage indebtedness shall re[nain
<br /> unpaid;and thr murtgagee shall have the power tu appoint any agent ur agents it may desire fur Ihe purpose of repairing said premiue and rcnting
<br /> the symr and cullecting the rents,revenues and income,and il may pay out uf said income all expenses uf repairing said prcmises and neassary
<br /> cummissions and expenses incurred in renting and managing the same and uf cullecting rontals therefrom; the balrnce remaining,if any,to be
<br /> applied�uward the dischxrgt uf syid mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such
<br /> default,irrtspective of any temporery waiver of the same.
<br /> These Presents,however,are upon the Cundi[ion,That if ihe said Mortgagur shell repay wid loan on ur befure the maturity of said shares by
<br /> payment pay munthly to said ASSOC'IATION uf the sum specif7ed in the Bond securod hereby xs in[erost and principyl on said loan,on or before
<br /> the Twentuth day uf each rnd every month,until said loan is fully paid:pay aIl txxes and assessments levied agxinst said premius and on this Mortgage
<br /> and the Bond secured thereby,befbre delinquency:fumish approved insurance upon the buildings thereun in the sum of 53��(QQ.QQ payabk
<br /> io wid ASSOCIATION;repay to said ASSOCIATIOh upun demand all muney by it paid for such taxes, assessments and insurxnce with interest at
<br /> tht mrximum legrl ryte thereon from daie uf paymrnt all of which Mortgagor hereby agrees to pay;permit nu waste on said premises;keep and comply
<br /> with rll the ygreements and wnditions of the Bond fur S 3��6�.��this day given by the said Mortgagur tu said qSSOCIATtON,and wmply
<br /> �vith all the requuemen[s of the Constitution and By-Lews of said ASSOCIATION; then these presents shsll bCcome null end void,o[herwise they
<br /> shall remrin in full force and may br fureclosed at the ophon uf the said ASSO('IATIUN after failure fur three months to make any o(said
<br /> pryments ur be three munths in xrrears in making said monthly paymrnts,ur tu ktep and cumply with[he agreements and cunditions of said Bond;
<br /> and Mortgagor xgrees lo hyve a re�:eiver appointed forthwith in such turedosurn proceedings.
<br /> If there is any clunge in ownership of the real estnte mortgaged herein,by sxle ur utherwise,then the entire rtmaining indeb[edness hereby
<br /> secured chall,at tht option of The Equitable Bu�ding and Wan Aswciation of Grand Island,Nebraska,become immediately due and payable without
<br /> furthrr nu�i��e,und the amuunt rrmain:ng due under said bund,and any other bond fur any addi[ional advances made thezeunder,shall,tiom[he
<br /> d�1e of ezercia of said option,bear interost at the maximum legal rate,and this murtgage may then be foreclosed to srtisfy the amoun[due on erid
<br /> bo�d,Ynd any uther bond for additiunal advances,together with a11 sums paid by said The Equitable Building and Loan Associrtion of Grand Island,
<br /> rlebrrska for inwrence,ta�ces and assessments,and abstracting rxtrnsion chnrges, with interest thereon, from date uf payment at the maximum
<br /> leorl nte.
<br /> As provided in Ihe Bond ucured hrreby,whik this mortgage remains in effen the murtgagee may hereafter advana additional eums to the
<br /> wnkers uf sard Bond,their assigns or succ;essors�n interest,which sums shall be within the security of this murtgage ihe same as the funds uriginally
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<br /> fewred thereby,the total amount of principal debt nut to excted yt any time the original amount of tMs mortgage.
<br /> i2•ua cn� 6th. , a,yor Dece�er A.D.,19�7
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<br /> i i
<br /> �-���--- .
<br /> al i. Schuett
<br /> sr�r�Te�x.+.(� o�:wB 6 th. a.y or De cemb e r �97 7 ,�ro�e,�,e, , r` � ��
<br /> � „µ.�
<br /> [he underaianed,e Notary Pubtic in and for said County,personallycame ���' �
<br /> � Opal I. Schuett, a single person, Wn� is
<br /> �«�uY�w�to
<br /> �ae Co be tM ideetint poron wlwte�utne affixed to the above iastrument ac mortgagor and S hE? �Mdf�f -s
<br /> adcniwle�a�A tIx niA instrv�nent to be h!1' rotuntary act and deed. /���_� �I �� ``
<br /> NlZTIF,SS my hand and Notarial Seai the dau aforesaid. � �
<br /> \x�f/ �% , // .c
<br /> 6ENER4�pOrRR��8MN�I N«t,�, . / /C�G�7 G�__G' !/ _�-"� .
<br /> 0
<br /> i1 N -'^••'' •� ��tl:.�V ' /_ ' G� Notary Public
<br /> My Gumm.kai+.1wr-1'l.11yO �/. � Z� � � � ��
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