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<br /> �8-VU2S(��
<br /> MORTGAGE
<br /> rMORTGAGE LOAN N0.L 230�J6
<br /> KNOWALLMENBYTHESEPRESENTS:That Henry Schultz, �l'. and Lorraine $CF1U1tZ� each in his
<br /> and her own right and as spouse of each other,
<br /> ' Forty Thousand Eight Hundred and No/100--------___Mo�sgago�,whetheroneormore,inconsiderationofthesumof
<br /> DOLLARS
<br /> : loaned to said morlgagor by Tkie Eqwtable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon ¢Q$ sharos of stock of � �
<br /> said ASSOCIATION,CertiFcate No.L ,do hereby grant, convey and mortgage unto the said ASSOCIqTION the following
<br /> described real estate,situated in Hall County,Nebraska: �
<br /> LOT EIGHTEEN (18) IN WOLFE'S SUBDIVISION IN
<br /> THE CITY OF GRAND ISLAND, NALL COUNTY, NEBRASKA.
<br /> � together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> ' window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipmen[and accessories there[o,pumps,stoves,
<br /> �1 refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate. �
<br /> i And whereas the said mortgagor has agreed and does hcreby agree that the mortgagor shall and will pay all taxes and assessmrnts levied or +"��
<br /> assessed upon said premises and upon this mortgage and the bond secu�� tl�areb76�efore the same shall become delinquent;to furnish approved
<br /> �� insurance upon the buildings on said premises situated in the sum of 3 �ZSV�� payable to said ASSOCIATION and to deliver to said
<br /> :j ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premius;
<br /> � In case of default in the performance of any of the terms and conditions of this mortgage or the bond xcured hereby,the mortgagee sha11,
<br /> -�l on demand,be entitied to immediate possession oF the mortgaged premises and the murtgagor hereby assigns, transfers and sets over to the
<br /> 't mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shali remain
<br /> �� unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire fur the purpou of repairing said premises and renting
<br /> the same and collecting the rents,revenues and income,and it may pay out of said income all ezpenses of repairing said premises and necessary ��
<br /> ��i eommissions and expenus incurred in renting and managing the same and of cotlecting rentals thuefrom; the balance remaining,if any,to be - �
<br /> ��� default,ires rd the discharge of said mortgage indebtednesr,these rights of the mortgagee may be exercised at any time during the existence of ruch � � �
<br /> pective of any temporary waiver of the same.
<br /> �
<br /> t i These Presents,however,aro upon the Condition,That if the said Mortgagor shall repay said Joan on or before the maturity of said shares by �
<br /> .�� paymrnt;pay monthly to said ASSOCIqT10N of the sum specified in[he Bond secured hereby as interes[and principal on said loan,on or before � � �
<br /> ���� the Twmtieth day of each and every month,until said loan is fully paid;pay all taxes and assessmrnts levied against said premixs and on tivs Mortgage � - �
<br /> ���i and the Bond sewred thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of 3¢Q�$QQ.QO payable � ��
<br /> .i to said ASSOCIATION;repay to said ASSOCIAT/ON upon demand all money by it paid for such taxes,assessments xnd insurance with interes[at � ��
<br /> �.� the maximum legat rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no wasle on said premius;keep and comply � � �
<br /> i with all tlie agreemrnts and conditions of ffie Bond for 5¢O HOO.00 this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> with all the requirements of the Constitution and By-Laws of said ASSOCIATION;then these presrnts shall become null and void,otherwise they �
<br /> shall remain in full force and may be foreclosed at the o hon of the said ASSOCIATION after failure for three months to make any oC said
<br /> ! payments ur be three months in arrears in making said monthly payments,or to keep and comply with[he agreements and conditions of said Bond; �
<br /> and Mortgagor agrees to have a receiver appointed forthwith in such(oreciosure proceedings �
<br /> ,'�5 !f there is any change in ownership of the real estate mortgaged herein,by sale or olherwise, then the entirc rcmaining indebtedness hereby
<br /> secured shall,at the option of The Equitable Building and Loan Association of Grand lsland,Nebraska,become immediately due and payaLle without
<br /> '� further rtotice,and the amount remaining due under said 6ond,and any other bond for any additional advances made thereunder,shaL,from the
<br /> �� � date of exercise of said option,bear interesi at the mazimum legal rate,and this mortgage may then be toreclosed to satisfy the amount due on said � � "
<br /> � bond,and any other bond(or additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br /> �� � � Nebraska for insurance,taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment at the maximum �
<br /> ..$ .legal rate_ . � .
<br /> ��� As provided in the Bond securcd here6y,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the �
<br /> :mekers of said Bond,their assigns or successors in interest,which sums shall be within the security of this mortgage the same as ffie funds originally
<br /> :�.,9 ��.sewred thereby,�the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> �i . )� Dated this� -2=1 /" day of M�9 8
<br /> .`� —�``E�=�� �'�1�,/9� . A.D.,19� •
<br /> ��
<br /> c�t�.� .�� ���. �Z`—`
<br /> � Henry chultz, Jr_ Corraine Schultz �'
<br /> ,� , _ ,.x�: "
<br /> STATE OF NEBRASKA, e
<br /> COUNTY OF HALL��� On this 2nd day of Msy 19�'8 ,before me, „�
<br /> � N. H. MeKeag the undersigned,a Notary Public in and for said County,perwnally r,ame J t:Z�
<br /> Hen Schultz, Jr., and lorrain@ Schultz, each in his and her own right and as spouse of ` '
<br /> '� . 1"� � . who d� petsonally known to � ��-� .
<br /> � '
<br /> %� �1,.�,.� person S whox name S di'E af£ixed to�the above instrument u mortgegor 5 and they severally � i�:�
<br /> _ :� n�ed�sai � atrument to be thei r voluntary act and deed. �.• y�a -
<br /> ' ' NOTARY � f . mY hsad and Notarial Seal the date afonasid.
<br /> � � .C�OMM�SSfOo h�y(: �mission c�cp'ues �'� " � ����. �I I '�.�� ,� /�� ,
<br /> i � ' EXPIRE5 �-g�.o�� - � �
<br /> �.��[31H��� �:�,C' �� V tary Public .
<br /> �TFaF t3E�"`'� �
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