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<br /> MORTGAGE
<br /> \10RTGAGL LOAN N0. � 22,54Z
<br /> r iwowa[.►.nteNerTttesePttesexrs:Tnac ' Jiirm�ie D. Spruill and Jerry S. Spruill, each in his and
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<br /> } her own right and as spouse of each other,
<br /> "° __Afoctgagor,whether one or mom_in wnsidetation of the sum of
<br /> � Twenty-four Thousand and No/100----------------- ---------
<br /> DOLLARS
<br /> loaned to saidmortgagor by The Equitable puilding and I.oan Association of Crand Island,Nebraska;Mortgagee,upon 2¢0 shares of stock of
<br /> ' # said'ASSOCIATION,Certificste No.L '22�542 ,do hereby grant;convey and mortgage unto the said ASSOCIATION the Collowing
<br /> ` describdd real estate,situated in Hall County,Neb�aska:-
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<br /> `i LOT NINE (9j IN BARTECT SECOND SUBDIVISION OF PARTS OF LOTS 5E4EN
<br /> , � (7), FOURTEEN (14j, FIFTEEN (15), SIXTEEN (16), AND EIGHTEEN (18),
<br /> � OF THE COUNTY SUBDIVISION OF PART OF THE SOUTH HALf OF SECTION FIUE
<br /> (5j, TOWNSHIP NINE (9} NOR7H, RANGE NINE (9) WEST OF THE 6TH P.14.,
<br /> � IN THE VILLAGE OF DONIPHAN, HALL COUNTY, NEBRASKA.
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<br /> � together with all the tenements,hereditaments and appurienances thereunto belun�ing,including attached floor coverings,atl window ureens,
<br /> � winduw shadns,�blinds,stortn windows,awnings,heating,air cvnditioning,and plumbing and water equipment and accesmries[hem[o,pumps,stoves, � � . �
<br /> ; rc(rigerators,and other fuctures and equipment now or hereafter attached eo or used in connection with said real estate.
<br /> - � And N�hereas the s�id mortgagor has agreed and does hereby agree that the mortgagor shal!and will pay all taxes and assessments levied or
<br /> > asseued upon said premises and upon this mortgaee and the bond secured thereby betoce the same shall become delinquenr,to Curnish approved
<br /> C insuancc upon the buildings on said premiscs situzted in d�e sum ot S 24,Q�Q.�� P�l'able to said ASSOClATIO":znd to deiiver�u said "
<br /> j ASSOCIATION the policies for said insurance;and not to wmmit or permit any waste on or about said premius;
<br /> ! In case of default in the per(ormance of any o!the cerms and conditions o(il�is mortgage ot tlie bond secumd hereby,the mortgagee shall,
<br /> � on demand,be en[iileu to immediaie posussion oi tim murtgaged p�cniiics �nd tFe matt�gor nar'ty assi��s,aansien an3 xts a:ar ic tnz
<br /> mortgagee al(the rents,revrnues and income to be derivad from the mortgaged premises during such time as[he mor.gage indebtedness shall remain
<br /> "�!� . � unpaid;and the mortgagee shall have the power to appoin[any agent or agents it may desire for the purpou of rtp�iring said premius and rcnting . ' .� � �
<br /> - - � the same and�collecting the rents,�evenues xnd income,and it may pny out of said income all expenses o(repairing said premises and necessary•� � � � � � -�
<br /> : >i . comminions and expenses incurred in renting and managing the sama xnd of cotlecting rentals [hercfrom:the balance remaining,if any,to be
<br /> � applied toward ihe diuharge o(said mortgage indebredneu;these rights of the mortgagee may be exercised at any time during tlte existence oC such
<br /> default,irrespective o!any tem�wrary waiver of the same. �
<br /> :;'j These Presents,however,are upon the Condition,That i(thr said�1ort,agor shall repay sxid loan on or before the mawrity o[said shares by � . i
<br /> payment;pay munthly to said ASSOCIATION oC�he sum speci6ed in die Bond secured hereby as interest and principal on said loan,on or before � � � -
<br /> the Twentieth day of each and ecery month,untit said loan is fulty paid;pay all taxes and assessments levied against said premises and on this Dtor[gage
<br /> '- xnd the Dond secured thereby,before delinqurncy;furnish approved insurance upon the buildings thereon in the sum uf 5 24�0��.QO payable � - . .
<br /> to said ASSOCIA'f[0.1':repay to said ASSOCIATION upon demand all money by it paid for such taxes,atsessments and insurance with interest at �, � � �� �
<br /> ;;��..,� the maximum legal rate thercon(rom date u(payment aIl of which lfoctgagor hereby agrees to pay;permit no waste on said ptemises;keep and cromply � � �
<br /> with all the agreements and mnditions of the Bond for S 2(}�OQ�.O(lhis day given hy the said Mortgagor to said ASSOCIATIO\,and�romply -� _
<br /> with all the requirements o(the Constitution and DyLaws ol sa�dA5S0(;[ATION;then these preunts shall 6ecomo null and void,otherwix they
<br /> shail remain in fult force and may be forocloxd at the option of the said ASSOCIA'IION afcer (ailum for three mon[hs to make any of said . -
<br /> payments or bt three months in a�rears in making said monthly payments,or to keep and comply with the agteements and conditions oC said Bond; �
<br /> and 9forigagor agrees to have��eceiver appointed forthwith in s�ch foreclosure proceedings. � .
<br /> If there is any change in ownership of the real estatc mortgaged herein,by sale or otherwise,then the entire remaining indehtedness hereby . � .
<br /> sewred thall,at the option of The Equitable Building and Loan Association of Crand Island,Nebraska,become immediatdy due and payable without
<br /> further nolice,;u�d the amount remaining due under said bond,and any oiher bond(or any additional advanas made theraunder,shull,from the �
<br /> ' date o!exercise oC said option,bear intercst at[he maximum legal rate,and this mort�age may then be foreclosed ro satisfy the amount due on said
<br /> .. � bond,and any other bond tor additional adeances,wgether x•ith al!sumt paid by stid 1'he Equitable Building and Loan pswciation of Grand Island,
<br /> Tebraska(or insurance,taxes and assestments,and abstracting extension cha�ges,with interest [hereon,from date of payment at the maximum
<br /> i legal rata
<br /> ' i As provided in the Bond secu�ed hereby,while this mortgage remains in eftect the mortgagee may hereafur sdvance additional sums to the
<br /> maktn of said IIond,thcir assigns or succr.ssors in interest,which sums shall be within the security o(this mor[gage the same as the funds originally
<br /> secumd thereby,the total amount of principal deh[not to exceed at any time the original amount of this murtgaga .
<br /> Dated this l 7th ay of February ,�,p.,�� 77
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<br /> 1 r�w�.�—�U��;lWJ � 1 <� ;K) :/>✓�
<br /> `, 1 J�mmie D. Spruil KlJerry S.i pruill '
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<br /> STA?E 4F NEBRASY,A,�� On this da of 19 ,before me,
<br /> COUNTYOFHALL ��th Y February �7 ,;
<br /> the undenigned,a Notary Public in and for said County,personally came '�
<br /> Jimm' Spruill�and Jerry S. Spruill, each in his and her ov�n right and as spouse of �a
<br /> who pecwnally known ro
<br /> I' q�;r`•,,` are �
<br /> L �ibe�ifrtlEd��ettqn g whou name s are a�Fixed to the above instrument as mortgagor 5 xnd they �VO�Y a�
<br /> ckn�_t� �, .�, �.
<br /> Sadged the§x�inrtre�ment to be thei r voluntary act and deed. �` �
<br /> � �r f�F1WI'[7�.$6 'y hand and Notuial Seal the date aforcsaid. u�j
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<br />� 6'l ����^,„i,l'• ,�;�� � NotaryPublic
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