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<br /> 7'�`� U�3698
<br /> MORTGAGE
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<br /> MORTGAGE LOAN NO. L 22 s 727 MGI C
<br /> KNOWALLMENBYTHESEPRGSENTS:That �ee R. Batchelor and Ann L. Batchelor, each lfl h15 and
<br /> � her own right and as spouse of each other
<br /> Mortgagor,whether one or more,in consideration of the sum of
<br /> ; Thirty-Five Thousand One Hundred and NO/100--------------------------------------- �Lc:A�s
<br /> ' �:�louned to.said mortgagor by The Equitable Building and Loan Association of Grand]sland,Nebraska,Mortgagee,upon 351 �azes of stock of
<br /> `said ASSOCIATTON,Certifiqpte IVa L 22,727MGIC ,do hereby grant, wnvey and mortgage unto thc said ASSOCIATION ihe following
<br /> desc�ibed real estate,situated in Hali County,Nebraska:
<br /> LOT SEVEN (7) IN SUNSET SIXTH SUBDIVISION BEING
<br /> A TRACT OF LAND COMPRISING A PART OF LOT ONE (1) SUNSET SUBDIVISION
<br /> AND A PART OF THE NDRTHFRS7 Ql1RR7ER (NE4) OF SECTION FLEVEN (22)
<br /> TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M.
<br /> HALL COUNTI`, NEBRASKA.
<br /> � � together with all the tenements,hereditaments and appur[enances thereunto belonging,including attached floor coverings,all window screens,�
<br /> q�;� � .window sftades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves, �
<br /> .. '':�refrigerxturs,and od�er Gxtures and equipment now or hereafter attached[o or used in connection with said real es[ate. � � .
<br /> ' � . � And whereas[he said mortgagor has agreed and does liereby agree that [he�murtgagor shall and will pay all taxes and assessments levied or
<br /> � . assessed upon said premises and upun this mortgage and the bond secured thereby before the same shall become delinquant;to furnish approved�
<br /> .� insurance upon the buildings on said prernises situatad in the sum of 5$5 jQQ.QQ payable to said ASSOCIATION and to delivet[o said �
<br /> � . ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises; � �
<br /> �p. . Ip case of defxult in thc perfoxmance of any of the terms and conditiuns of this mortgage or the bond secured hereby,the mortgagee shall, �
<br /> ���on demand,be entided to immediate possession of the mortgaged premises and the murtgagor hereby assigns, transYers and sets over to [he
<br /> ' mortgagee all the rents,revenues and income to be derived from the mor[gaged premises during such time as the mortgage indeb[edness shalt remain � ��
<br /> ,, t�� ��unpaid;and the mortgagee shall ftave the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting � �
<br /> � the same and collecting the ren[s,revenues and income,and it inay pay uut of said inaome all expenses of repairing said premises and necessary � �
<br /> �� �. tommissions and expenses incurred in renting and menaging the same and of collecting rentals therefrom;the balance remaining,if any,io be � � �
<br /> � apptied toward the discharge of said mortgage indebtedness;these rights 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 Presen[s,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before tha maturiry of said shares by
<br /> . � paymrnt;pxy monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or before � �
<br /> k. } . the Twentieth day of each.and every month,until said loan is fully paid;pay all taxes and assessments levied against said prernises and on this Mortgage �
<br /> i. . and the Bond secured thereby,befcere delinquency;fumish approved insurance upo�the buildings thereon in ihe sum of$35�j�Q.QQ payable
<br /> i � �� � to said ASSOCIATION;repay to said.ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at .
<br /> . [he maximum legal rate thereon from da[e of payment all of which Mor[gagor hereby agrees tu pay;permit no waste on said premises;keep and cumpiy
<br /> ��� � �with all the agreements and conditions of the Bond for$ 35�10�.�� this day given by the said Mortgagor to said ASSOCIATION,and comply �
<br /> � with all the requiremen[s of the Cunstitution xnd ByLaws of said ASSOCIATION'then these presents shall become ❑ull and void,otherwise they �
<br /> � shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make xny of said � . � � .
<br /> . payments or be�three months in arrears in making said monthly payments,or to keep and comply wi[h the agreemznts and conditions of said Bond; �
<br /> and Mort�sgor agrees to have a receiver appointed Cor[hwitli in such foreclosure proceedings. � . .
<br /> � � If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise,then tha entire remaining indebtedness hereby � � � � �
<br /> ' . sewred shall,at the option of The F,quitable Building and Luan Association of Grand Island,Nebraska,become irnmediately due and payable without � � � �
<br /> 4 further nntice, and Ihe atnoun[ remaining due under said bond,and any other bond for any additional advnnces made thereunder,shall,from the � �
<br /> �� �. daie ot exerci.ce of said option,bear interes[�t the maximum legal rate,and this mor[gage may then be fvreclosed to satisfy the amount due on said � � �� ���
<br /> 'F bond,and any oiher bond for additional advances,together with all sums paid by said The Equixable Building and Loan Association oFGrand Islxnd,
<br /> � Nebraska�for insurance,taxes and assessments,xnd abs[racting extensiun charges, with interest thereon, from date of payment at the maxirnum � � �
<br /> legai rate.
<br /> SAs provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafcer advance additional sums to the � . .
<br /> .:} � �. makers of said Bond,their assigns or successors in interest,which sums shall be within the security of this mortgage the same as the funds originally � �. �
<br /> � . . securCd thereby,�the total aatount of principal debt not to exceed at any tiine the original amount of this mortgage. � � �.� �
<br /> : D- a cn;s 5th day of July a.n.,i977
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<br /> �e a � o r.� .�.-�_,r
<br /> > Ann L. �Batchelor �
<br /> ' STATE OF NEBRASKA,
<br /> ss. On ibis 5�h day of ���Y 19�� ,before me,
<br /> 3 COUNTY OF HALL� �
<br /> � the undersigned,a Notary Public in and for said County,personally came � �� �,�"�` �
<br /> Lee R. Batchelar and Ann L. Batchelor, each in his and her own right and as spouse of each r ° ay �•
<br /> Y y O'�h� M' who are Personally known to � <i�
<br /> je�re�ide�fi�� n5 Whose nameS are affixed to the above instrument as mortgago6 and th2y severally I ` �er
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<br /> no ��tl�&� mst ent to be volunta aci and deed.
<br /> NOTARV��'�S y hand and I3otarial.Sea1 the date aforesaid. ^ � . � .
<br /> �" COMMaSSkdNC�tt�ii ion exp'ves���,,,-_ -L ` j� �
<br /> E):i-iFcS�.. :. �,rJ�.A.o•. '�11 `{A� p. 6 �� .
<br /> • r9G� 31 �ga0" Q �') ` No[ary Public
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