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<br /> r10kTCAGE
<br /> �1QR1'GAGLLOANTO.� 22,562 -
<br /> Crr�o�v,►�La�LNSYrttr•sEr2�sEtTrs:Ti,ac Stephan M. Shackelford and Susan K. Shackelford
<br /> each in his and her own right and as spouse of each other •
<br /> : �iort�agor,wherhec one or mure,im m�sideration of the sum uf
<br /> Twenty-three Thousand Four Hundred and No/100------------------------------------ �L��
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<br /> loanad tu siid mortgagor by The Equitable IIuilding snd Luxn Assocution o(C;rand Island,Nc4ras4:a,Murtgagoe,upon sliucs of stuck ot
<br /> said AS50CIA"C'ION,Certificatt t�o.L 2Z,562 MGICao i,«�bv e�nc,comr�• snd tnortgage umo the said ASSOCIA770N thc following
<br /> drscribed real eslate,situated in Hall County,t�ebrasica:
<br /> A PART OF TNE SOUTH HALF OF THE SOUTHWEST QUARTER (S�SWss) OF SECTION TNREE (3), IN TOWNSHIP
<br /> ELEVEN {11) NORTH, RANGE NINE (9), WEST OF TNE 6TH P.M., MORE PARTICULARLY DESCRIBED AS
<br /> FOLLOlJS: l3EGINNING AT A POINT 1383.29 FEET EAST OF TNE 50UTNWEST CORNER OF SAID SECTION
<br /> ' THREE (3), RUNNING TNENCE NORTH PARALIEL WITN THE WEST LINE OF SAID SECTION THREE (3), A
<br /> DISTANCE Of 516 FEET, THENCE EAST PARALLEL WITH THE SOUTH LINE OF SAID SECTION FOR A DISTANCE
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<br /> OF FIFTY fIVE (55) FEET, THENCE SOUTH PARALLEL IdITH THE WEST LINE OF SAID SECTION THREE (3),
<br /> ° A DISTANCE QF 516 FEET TO A POINT ON THE SOUTH LIhE OF SAID SECTION: THENCE WEST ALONG THE
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<br /> SOUTH LINE OF SAID SECTION, A DISTANCE OF 55 FEET TO TNE POINT OF QEGINNING.
<br /> togethrr «�iih all the tenemencs,hereditameNs mid�ppurtenances thereunm bclonging,including attached flewr w�xrinFs,all window screens,
<br /> N7tidOH'SI131�C5,blinds,srorm windows,3N'O111E5�hesting,air conditioning,anJ plumbing and�ralerequipmcnt and accesx�ries thetsto,pumpa,stoves, . .� � . . � .
<br /> rafrigerators,and other futurcs and equipment noH�ur hereaCter sttached to or used in cvmmctiun H•ith said raal estate.
<br /> And e�haeas the said morigagur I�as sgrced and dues hereby agree that thc murtcago�shsll and wi11 pay all�ares and asussments iniad ur � . � � �
<br /> asussed upon said piemius and upon this mongagc and thc bond ucu ed•h r b��l�et'nrc thc s�me skiall 6ernme delinquenr,to Furnish appro�nd
<br /> insunnce upon thc buildings on said premises situated in the sum uC S �3,��b.�0 paya6le tu said ASSO('I:1TI01 and to deli�•cr io safd
<br /> ASSOCIATfON the.pidicies for said insunnce;snd not to cummit ur permit any e�aste on or about ssid prcmises;
<br /> ` ln rssc of do[ault in du perfomiance of any uf du terms snd canditions u(this mu[tgagc or the Gond sewrcd heraby,the mortgsgee shall,
<br /> im demand,be entitied tu immediace possession uf thc mortgaFeS premixs znd the mongxgor hercby sssigns, tracufers and scts o�ror io thc
<br /> murtgsgeo sll tha renls,rcironues snd income to be derived Crom the murtcagcd premist:duting such time as ihe morigagc indebtedness shail rcmain .� - � � �
<br /> unpeid;and the mortgaga shall have the pou�u iu ap�wint any aFent or acents i� may dctirc for the purpou of repairing sv{d premixes and mnting � . - � ' � �
<br /> the sanx snd cnllecting the rents,re�Ynucs and incromo,and it may pay out o!said incume alt expenses oC ttpaicing said premises and necesssry
<br /> cotnmissions and espentes incurrtd in«ming a�id managing the same end ot'collecting rentals lhereCrom: the balantt rcmaining,if any.�o be
<br /> spplied toward lhe discharge uf said murtgage indebtedness;�hesc riehts ol'the nwngagte may be esercised at any time durittg the esistentt of euch
<br /> defautt,irrespertire oC an��temporary waiver of the s�ma �
<br /> Thesc Puscnts,hownct,arc upon the l'ondition,That il the ssid�furigagu�shall rcpsy said luan on ur befum the m�turity u(said shares by � y
<br /> p�)�ment;psy munthty to said ASSOCIATIO'�o!ehe sum speci0ed in the Bond s�cured here6y�s intetest and principa!oet said losn,on or 6etore � � �
<br /> the Tu�entieth day o(ench and cveq�month,untit said tomi is fully paid;pa}�all taxcs and asxssments le�ied sgainst svid prcmises and an this\tortFagc .
<br /> and the Bond secured thereby,bcfore definquency;fumish sppro�ed ir,surance upon ihe buildings thcreon in the sum ui S Z3�Q��.�0 pa��a61e �
<br /> to ssid ASSOCIATION;�epay to s�id ASSOCIATION upun demsnd all money by it paid fur sucli taacs,assuvnents and insu�ance with intorcst at �
<br /> lhe mxximum l:gal ratc therem�fmm datc ol'paymant atl of H�ttich\fo�igagor hereby acren�u pay;permit no waslo on said prcmises:keop and�romply
<br /> ��'ith all the agrcements and mnditions of the Bund(or S 23,Q��.�0 this daq gi�en by the ssid\tort¢agor to said ASSCH fATION,and comply
<br /> aith all the requirements uf thc Constitution snd I3yLaws o(said ASSOCIATiON;then these preunts shall become nuU an1��oid,othen�•ix diey�
<br /> shall remain in Cull furce and tn�y be foreclottd at[he option uf the s�id ASSOCIATIO\ afrer (ailum fur threc munths to make any of uid �
<br /> _ payments o�hc dvice munths in arreais in m�king said munthly paymen�s,or tu keep anS comply�rith the a�;rremcnts and cunditions of s�id Uond:
<br /> znd\tor�gagor agrees lo ha�re a receihzr appointed(otqm•ith in such loreclosure proceadings.
<br /> If there is am•.hsnge ui ownership of thc rcal cs�ate mort�gcd herein,by sale m uthenrise,then the entim remaining inde�tedness here6y
<br /> secured shall,al the optiun of The Equitabic Quilding and Loan Assuciaeion uf Grand]il�nd.Nebrasks,become unmediately due an1 payable without
<br /> (w�iher notice,and the amuunt remaining due under said bond,and any otha bund(or eny additionat ad�an�ros maSe thereunder,:hall,fcum die
<br /> data of exercise of ssid option,bear interrst at the maximum legsl r�te,and Uii:murtgnge may then be toreduud to satisiy the amount due on said
<br /> Uond,and any other bund Cor additionsl adisnces,together aitli all sums paid by said Tlm Equitsble Building and Luan Assoeiation ulGranS Island,
<br /> Nebraska for insura�u,tnxes and assessnunts,and absuacting extension charges,with uverest thercon,from date of papnxnt at the miximum
<br /> Icgvl ratr.
<br /> As pro�ided in Au Dond ucured hereh��,while this nwrtg�ge rcmains in cf(cct the mortgagec may hereaftec adrana additional sunu ro tl�c
<br /> maktrs of saiS$ond,their assigns or succeuors in intercst,u�hich sums shall be within the xcurity oC this mortgaRe the same as the funds ori�inalip
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<br /> sc.ared thereby,the toial amount uC princip�l debt t t extted at any time the original amount uf this mortgagc.
<br /> ��ua au5 28t � �a�y�r L�( F�bruary ,�.o..w77 !
<br /> � � ,�.w.. f,,,i-�,�__.
<br /> ephan , a kelfor.ct ,
<br /> �:.,.. .+ ,,.
<br /> � Susan K. Shackelford -
<br /> r " STATE 0�NEBRASY.A, u On this dsy o(
<br /> COUDITY OF NACL� 2ath Fehruary �9 77 ,before me.
<br /> the undersiqned,a Notary PubGc in and Cor said Counry,personally came "'��� '
<br /> Stephan M. Shackelford and Susan n, Shackelfiord each in his and her.nBwn right3,���,�����R�se �a =
<br /> � of each other are �
<br /> me to be the identical perso� whose name s are �ffi.eed to the above instrwnent as mortgigor S and if12Y u�e�qy �
<br /> adcnewledged the said instrumrnt to be thei r �'oluntary act and dred. /' � �.; �-
<br /> ; _..___ _,_N'1TNESS my hnnd end Notnrial Seal the date afuresaid. ! � .r ,� �
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