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<br /> n10RTGACE
<br /> �tORTGAGBIOAr�0._�„_22 r�1 G
<br /> r I:NON'ALLAtENBYTHESGPRESE�TS:That Percy M. Kruse and frances K. Kruse, OdCh lfl h15 dlld h0t'
<br /> I:
<br /> cwn right and as spouse of each other,
<br /> � I ______Mortgagor_whether one or more,in consideratioa of the sum of
<br /> Forty-one Thousand Two Hundred and No/100----- ----'-- ���A�
<br /> loaned m said morigagor by The F.quitable Building and Luan Association of Crand(sland,Nebraska,Alortcagee,upon 412 shares of stock ot
<br /> said ASSOCIATION,Certifiple I.o.L 22 514 ,do l�ereby gran[,convey and mongage unto the said ASSOClATION the Collowing �
<br /> deuribed real estate,situated in Hatl Cour.ty,�ebraska:
<br /> PART OF THE SOUTHWEST QUARTER (SW;) OF SECTION THREE (3) IN TOWNSHIP ELEVEN (11), NORTH,
<br /> RAN6E NINE (9) WEST OF TNE SIXTH P.M., MORE PARTICULARLY DESCRIBED AS FOLL04JS: COt�h1ENCING
<br /> AT A ROD PLACED AT A. POINT 516 FEET NORTH OF THE SOUTHWEST CORNER OF SAID SECTION, AND BEING
<br /> PARALLEL TO WHAT IS KNOWN AS THE ST. PAUL ROAD, RUNNING THENCE IN AN EASTERLY DIRECTION FOR
<br /> A DISTANCE OF 568.2 FEET, TO ANOTNER ROD PLACED AT THIS POINT, THENCE RUNfJING IN A NORTNERLY
<br /> DIRECTION FOR A DISTANCE OF 156.25 FEET, THENCE RUNNING IN A WESTERLY DIRECTION FOR A DISTANCE
<br /> OF 568.2 FEET, THENCE RUNNING IN A SOUTHERLY DIRECTION FOR A DISTAtJCE OF 156.25 FEET TO THE
<br /> PLACE Of BEGINNIN6.
<br /> {, i
<br /> AN D
<br /> PART OF THE SOUTHWEST QUARTER OF SECTION TNREE (3), IN TOWNSHIP ELEVEN (11), NORTH, RANuE
<br /> NINE (9), WEST Of THE 6TH P.M. AND tdORE PARTICULARLY DESCRIBED AS fOLLaJS: COMMENCING AT A
<br /> POINT 828.5 FEET NORTH AND 33 fEET EAST OF THE SOUTHWEST CORNER OF THE SOUTHWEST QUARTER OF
<br />� ; SECTION 3, TQWNSHIP 11, NORTH, RANGE 9: RUNNING THENCE EAST 568.2 FEET; THEP�CE SOUTH 156.25
<br /> FEET; 7HENCE Wt�T 508.2 rEET; TriENCE NORTH 156.25 FEET TO TNE PLACE OF BGGINNING.
<br /> �
<br /> ; �ogether aith all tlie tenements,heieuitamznu::r�•1 appurte^�nces chereunto belonging,including attached Iloor coverings,a(I window•screens, � � � � �
<br /> i��. windou•shades,blinds,storm windows,awnines,heaung,air cunditionine,and plumbinc and H�ater equipmcnt and accessories there[o,pumps,stoves, � . � .
<br /> ?�� refrigeratoes,and other fixtures and equipment nuw or herea(cer attached to or used in conneciion u•ith said real zstate. . �.. . .
<br /> AnJ where�s the said mortgagor has acreed and does hemby agree that the munaagor shall snd will pay zll taxes and assessmenti leti�rd or �� � �-
<br /> � 2ssessed upon said pcemises and upon this mortgxee and the bond secur tl�j�{{�'h ure the same shall become delinyuent;to furnish appmi�ed , � . .�
<br /> � insurance upon the buildings on said premises situated in the sum oi i �>L"�•n� payahla tc s::� ASSLV'1.T10^� s.^.d '.o ddfxe!ro 4�d
<br /> �; ASSOCIA7IOti the puliciu tor s:+id insurance:and not to commit or permit any waste on or about said pmmises:
<br /> ? .. In case of default in die per(omiance o(any of the terms xnd conditions of this mortgace or the bond secumd hereby,the mortgagee shall, .. � � ��. - � � �
<br /> ¢'. on dertv�nd,6e entitled to immediate pouession of the mmtgaged premises and thr mortgagor hereby assigns, transfers and sets over to the � ,� � .
<br /> mortgagre all the mnts,re�renues and inrnme to be deri��ed from the mortr,�ged premises during such time as the mortgage indebtedness shall remain
<br /> unpaid;and thn murt�gte sha11 ha��e the pow•er to appoint any agent or n@ents it ma}'desire for the purpose of repairing said premises and mnting � . �
<br /> the same and collecting the rents,revenues and income,and it may pay om of said incvme all expenses of repairing said promises anJ necessary
<br /> � commissions and expenus incurred in re�ting and managinG the same and of collecting rentals therefrom:the balance remaining,if any,to be ,- � � � � �
<br /> 4;�� � applied tou�erd�he dischxege o�said mony,age indtbtrdness:thesz riehts of the mortgacee may be exercised at any time during the exietonce of such
<br /> r default,irrespective of any tempor�ry H'aiver of[he same.
<br /> '�' � 7hese Presents,howe��er,are upon the Condition,That i(the said 1lortgagor shall cepar s�id',oan un vr 6e(ore the maturity u(said shares by . . �
<br /> �. payment;pay monthly to said ASSOCIATiO\of�he sum sprcified in the Bond ucured h:reb�•as inieres[snd principal on said loan,on or betore .
<br /> , thz T��'entieth da��o(each and every mon[h,until said lu�n i:(ully paid:pay all txxes and assessments levied agninst smd ptemises and on this Afurtgage � . � .
<br /> �� :+nd the Bond secured thereby,beCore delinyuency;iumisl�app�o��ed insurance upon the bu[Iding,thereon in the sum of 5 41�20�.�Opayable �
<br /> to said ASSOCl.AT10\;repny[o s:�id ASSOCIA?ION upon demand all muney by i[psid for such taaes,:+ssrssments snd insutanco with intetest at .
<br /> thr maximum leeal ratr tha�eun Irom date of payment a1l of u�hicn 1for�gsgor h?reby agrees to pay;permit no was[e on said premises;keap and eomply . . � .
<br /> Z: , with all the agrerments and mnditions of the Bond Cor S 4��ZOO.00this day given 6y the ssid!lfortgagoc to s:tid ASSOCIATIO\,�nd compl,v
<br /> _ with all d�e rrqui�zmeNs of the Constitution and Bq•LaH�s of said ASSO(:IATION:U;en thase presents shall bewme null and void,othenvise they .
<br /> shall remain in full(urce and may be foredoszd at ihe uption of the said ASSOCIATIO\ after fzilure for thrre months to make any uf said .
<br /> � payments�r be�hree months in arreats in makine s�id monthl}•paymznts,or to keep and comply w�ith the agreemtnts and conditions of said Bond; �
<br /> snd\fong�gor a¢rees to hae.a receivzr appointed forthwith in such foreclosurc proceedines.
<br /> 1(chere is any change in uwntrship of the real estate mortgaged hzrein,by sale ur otherwise,then the entim remaining indebtedness hece6y
<br /> secured shall,at the option of The[quitable Building xnd Loan AssocWtion of Grand lsland,::ebrasFa,become immediatdy due and p�y�6le without � �
<br /> . funher notice,�nd thr amount remaining due undcr said bond,and anp o�her bond fur any addition�l ad�anas made thereunder,shall,from the
<br /> date of exereise ot said option,bear inmrest at the masimum legat rate,and this mortgage may then be forecloud to satisfy the amount due on ssid
<br /> �� bond,and any other bond for additional advances,rogether w�ith all surtu paid by said The Equitable Building and L,oan Association o(Grand Island,
<br /> �ebraska fur insurance,taxes and assessments,and a6stracting extension charges,with intecest thereon,fmm date of payment at the maximum
<br /> legaira�e.
<br /> ;� � As p�o�ided in the Bond secured hueby,while this mvrtgaee rrm�ins in e(Cect Qie mortgagee m�y heroafur ad�ance additional sums to the
<br /> makers ot said Bond,�heir assigns or successors in interest,which sums shall be within the security of this mortgxeo the same;u the funds oriEinally
<br /> '. secured thrreby,the total amount of princip�l debt not to eaceed at any time the ori¢inal amount o(this morlgage.
<br /> Dated this 31st aay or January .a.�..i� 77
<br /> ��',�/�-r� �?/lir 1�*�'-a-�---- �� -�c�-� �{: /G�Q�--
<br /> Percy td. Kr se Frances K. Kruse
<br /> 57'ATE OF NEBRASKA.�ss. On this 315t day oi January 19�� ,beCore me,
<br /> COUNTY OF HALL
<br /> . � the undersigned,a Notary•Public in and for said County,perwnally came � �
<br /> Percy M. Kruse and Frances K. Kruse, each in his and her own right and as speuse of each
<br /> other, u•ho dre personaltyknown�o N
<br /> L ma iQ be the idenGpl person S whose nsme 5 dP0(fuced to the aboce instrument as mortgagor S and the� se�•erally
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<br /> g thEll' �. � '�T
<br /> � acknowled ed tlie�aid instrument to be rolunta act and deed. /� � ; �" h.
<br /> WITNESS my hand and Notari�l Scal the date a[oresaid. % /`/�� % :� ' � :
<br /> �� My Commission expi¢s ..J'�.�fl.� ;;�;j �`�.��^ - �
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