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<br />MORTGAGE
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<br />R~- OfJ5306
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<br />MORTGAGE LOA." NO. L 24, 160
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<br />KNOW All MEN BY THESE PRESENTS: That Larry Baumgartner and Maxine M. Baumgartner, each in his
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<br />and her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Thirt;y Fivp Tmllsand Ei9ht Hundred and no/lOO------------------------OOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grond Island, Nebra.lca, Mortgogee, upon 358 _ of steck of
<br />said ASSOCIATION, Certifl<3le No. L 24 160 ,do bereby granl, convey and mortgage unlo the said ASSOCIATION the foDowing
<br />descnDed real estate, situated in Han Count~. Nebraska:
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<br />Lot Ten (10), except the North 'IWenty Feet
<br />(20') thereof, in Reuting' s Second Subdivision,
<br />being a part of the Southwest Quarter (SWli) of
<br />Section Twenty Four (24) Township Eleven (11)
<br />North Range Ten (10) Hest of the 6th P.J>l.,
<br />Hall County, Nebraska.
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<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor cowrings, all window screens,
<br />window shades. blinds. storm windows. awnIngS, heating, air conditioning, and pJwnbing and water equipmenland accessories thereto,pumps,stoYeS.
<br />refrigerators. and other fIXtures and equipment 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 thal the mortgagor shall lInd will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mOrlgagc and the bond secured thereby before the same shall become delinquent; to fwnish approved
<br />illSlll'aJla> upon Ihe buildings on said JXemise",tualed in tb.,um ofS 35,800.00 payable to said ASSOCIATION and 10 deli..r to said
<br />~IA TION the pol:icies fOf said insuranre; and nol to commit or permit any waste on or about said premises;
<br />In case of default in the perfonnanoe of any of the terms and. conditions of t1m mortgage or the bond seemed hereby. the mortgagee -shall.
<br />on demand. be entitled to immediate possession of the mortgaged prem.i:ies and the mongagor hereby assigns. transfers and sets over to the
<br />mortgagee all the rents. revenues and income to be derived from the mortgaged premise-s during such time as the mortga&e indebtedness shall remain
<br />unpaid; and the mortgagee sba.U have the power (0 appoint any agent Of agents it may desire for the purpose of repairing -said premises and renting
<br />tbe same and collecting the rents. revenues and income, and it may payout of said income aU expenses of repairing said premises and necessary
<br />COIIlIl1issions and expenses: incwred in rentmg and IJl:I:J1ag.ing the same- and of collecting rentals therefrom; the balance remaining. if any, to be
<br />applied towatd the discharge of said mortgage indebtedness; the$e fights. of the mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however. are upon the Condjtion, That if the said Mo-rtg.agor shall repay said Joan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCfA nON of the sum specified in the Bond scl,"tued hereby as interest and principal on said loan, on or before
<br />the Twenticthday of each and eveI)' monlh. until said loan is fully paid; pay alIlaXes and ~ts levied ogainst said premise. and on this Mortgage
<br />and the Bond seewed lbereby. hefore delinquency; furnish approved insuraru;e upoo the buildings thereon in the sum of $ 35,800.00 payable
<br />to said ASsOCIATION: repay to said ASSOCIATION upon demand all money by il paid for such taxes, assessments and insurance with interest at
<br />the- -maximum legal rate there..lfi from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises.; keep and comply
<br />with all the "&fecment. and condition. of the Bond for S 35 800.00 this day gJ..n by lbe said Moltl\l&or to said ASSOCIATION, and comply
<br />with alllhe requirements of tbe Constitulion and By-Law. of said ASSOCIATION; then lhese presents slutII become null and void, otherwise they
<br />slutII remain in full force and may be foredosed at lbe optiou of tbe said ASSOCI A nON after fallure for three months 10 make any of said
<br />payments or be three months In aIfealS in making said monlhly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agJces to have a receivcr appointed forthwith in such foreclosure proceedings.
<br />If lhere is any chonge in Ownership of the real O>tale mortgaged herein, by sa1e or otherwise, then the eutire remaining indebtedness hereby
<br />secured shaD, at the option of The f4uiuhle Iluilding and Loan Associatioo of Grand Island, Nebrulca, berome immediately due and payable without
<br />fwtber notice, and the amount temaining due under said bond, and any othe< bond for any additional advances made !heIeunder, slutII, from the
<br />date of exercise of said option, hear interest allhe UllUimum 1egaI",'e, and this mortgage may then be foreclosed to satisfy the amounl due on said
<br />boQd,and IJlY other bond for additionaI .d.....=. together with all sums paid by said The Equiuhle Building and Loan Association of Grand Island,
<br />NebraSka for insurance, taxes and assessmenis, and abstracting, extension charges, with interest thereon, from date of payment at the maximum
<br />legal tate.
<br />As provided in the Bond "",ured hereby, wttile this UlO[[gage remains in effect the mortgagee may hereafter ad>ance additional sums to the
<br />makers of said Bond,lbeif assign,s or successors in interest, which sums $haD be within the security of tb.is mortgage the same as the fWlds originally
<br />secured theRby, the lotal- amount of principal debt not to exceed. at any time the ...,,: '.naI amount of this mortgage.
<br />day uf Septanber A. n., 19 83
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<br />STATE OFNEIllWICA. ' l
<br />COONTY OF I:IALL \....,
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<br />On 1.1u. 30th
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<br />day of
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<br />September
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<br />19 83 , before me,
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<br />h.,
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<br />.)he utldenil!ned, a Notuy Public in and for said Courlty, penonally came
<br />iArryl'latll1g~ and M<1xille M. BaurngaJ.'U1er, each in his and her ownJbil'3!:~and ~~Io
<br />of e.;lC,h' othex', ~~
<br />IliIll!tir he !he iclo1ltieol 1'"'''''' s woo.. nsmt s are am",d 10 the above _,umeot as morll\l&Or S and they """roily
<br />~1odiIc41he --'_1 ", he their voIUtlIarY"'" and deed. /)
<br />WITNESS "'Y hIJ!d and ial Soalthe dal.afOffsaid, '1
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<br />Notal)! Publlc
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