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<br /> MORTGAGG
<br /> MORTGAGE LOAN NO. � 22�734
<br /> KNpW ALL MEN BY THESE PRESENTS:That Robert J. Al l an, Jr. and Jane R. Al l an, 2dCh 1 tl fll 5
<br /> r
<br /> ` and her own right and as spouse of each other
<br /> —__Mortgagor,whetl:er one or more,in consideraUon of the sum of �
<br /> Thirty-Thousand and No/100--------------------- noLLA�s
<br /> ��,loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 3�0 shares of stock of
<br /> � � �said ASSOCIATION, Certificate No.��L 22 73¢� ,do�hereby grant, cone�ey and mortgage unto the said ASSOCIATION the following .
<br /> described real estate,situated in Hali County,'flebraska:
<br /> A TRACT OF LAND COMPRISING A PART OF THE SOUTH HALF OF THE NORTHEAST QUARTER
<br /> (SZNEa) OF SECTION TWENTY-fOUR (24), TOWNSHIP ELEVEN (11) NORTH, RANGE TWELVE
<br /> (.12) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA, MORE PARTICULARLY DESGRIBED
<br /> AS FOLLOWS: BEGINNING AT A POINT ON THE SOUTH LINE OF SAID NORTHEAST QUARTER;
<br /> SAID POINT ALSO BEING ON THE WEST HIGHWAY RIGHT-OF-WAY LINE AND BEING FORTY
<br /> (,40.0) FEET WEST OF THE SOUTHEAST CORNER OF SAID NORTHEAST QUARTER; THENCE
<br /> RUNNING WESTERLY ALONG THE SOUTH LINE OF SAID NORTHEAST QfJARTER A DISTANCE OF
<br /> ONE HUNDRED FIFTY NINE (159.0) FEET; THENCE RUNNING NORTHERLY PARALL�L TO
<br /> THE EAST LINE OF SAID NORTHEAST QUARTER A DISTANCE OF ONE HUNDRED TWENTY (120�
<br /> FEET: THENCE RUNNING EASTERLY PARALLEL TO THE SOUTH LINE OF SAID NORTHEAST
<br /> � `. QUARTER A DISTANCE OF ONE HUNDRED FIFTY NINE (159.0) FEET TO A POINT ON SAID
<br /> HIGHFtAY RIGHT-OF-WAY LINE; SAID POINT BEING FORTY (40.0� FEET WEST OF THE EAST
<br /> LINE OF SAID NORTHEAST QUARTER; THENCE SOUTHERLY ALONG SAID RIGHT-OF-WAY LINE A
<br /> DISTANCE OF ONE HUNDRED TWENTY (120.0) fEET TO THE POINT OF BEGINNING AND
<br /> CONTAINING 0.438 ACRES MORE OR LESS.
<br /> together wi[h all [he� tenements, hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens, ��,
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,andplumbing and water equipment and accessories thereto,pumps,stoves,
<br /> � refrigerators,and oiher fix[ures and equipment now or herea(ter a[tached to or used in cnnnection with said real estate. . �
<br /> And�whereas the said mortgagor has egreed and does hereby agree lliat Ihe mortgagor shall and will pay all taxes and xssessmen[s levied or �,..
<br /> assessed upon said premis�:s and upon this mortgage and the bond sec �yd J.{�r,gby,fjefore the same shall become delinquent;�to furnish approved
<br /> . insurance upon the buildings on said premises situated in the sum of 3�v s V uu•Uv payable to wid ASSOCIATION and to deliver[o said �
<br /> ASSOCIATION the policies far said insurance;end not to commit or permit any wxste on or about said premises; � :� �� �
<br /> � ln case of default in the performance of any of the terms and conditions uf this mortgage or the bond secured hereby,the mortgagee shall, � �
<br /> on demand,be enti8ed to immediate possession of the mortgaged premises and the mortgegor hereby assigns, transfers and sa[s over to the � ..
<br /> mortgagee all the rents,revenues and income tu be derived from the mortgaged premises during such time as[he mortgage indebtedness shall remain
<br /> unpaid;and[he murtgagce shall have Ihe power to appoint any agen[or agents it may desire for the purpose oC repairing said premises and renting
<br /> the same and collectiag the rents,revenues and income,and it may pay out of said income all expenses of repairing said premises and necessary � � �
<br /> ' . commissions and expenses incurred in renting and managing the same and of collec[ing rentals therefrom; [he balance remaining,if any,to bt �
<br /> . applied toward the dischacge of said mortgage ihdebtedness;these rights of the mortgagee may be exercised at any tinre during the existence of such � � . �
<br /> default,irrespective of any temporary waiver of the same.
<br /> F � These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shares by � �
<br /> . payment;pay�monthiy to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or before � �
<br /> the Twentieth day of each and every mont}i,until said loan is fully paid;pay all taxes and assessments levied against said premises and on[his Dlortgage : ..
<br /> � and the Bond secured thereby,before delinquency;fumish approved insurance upon the buildings thereon in the sum of S3���Jt7.OO� payxble ' �
<br /> to said ASSOCIATION;repay to said ASSOCIAT(ON upon demand all money by it pxid for such taxes,assessments and insurance with interest at ,
<br /> � . the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and�wmply .. � �
<br /> with all the agreements and conditions of the Bond for$3O����.�� this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> with all ihe myuirements uf the Constitution and By-Laws of said ASSOCIATION;then these presen[s shall become null and void,othenvise 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 any of said . � �
<br /> payments or be three mon[hs in arrears in making said monthly payments,ar to keep and comply with the agreements and conditions oC said Bond; � � � . .
<br /> and Mortgagor agrees to have a receiver appointed forthwith in such(oreclusure proceedings. � � �� �
<br /> If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then [he entire remaining indebtedness hereby �, � � �
<br /> secured shall,at the option of The Equi[able Building xnd Loan Association of Crand Island,Nebraska,become unmediately due andpaya6le without � �
<br /> 4 � further notice,and the emount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the � � �
<br /> . date of exercise of said opLion,bear in[erest at the maximum tegal rate,and this mortgage may then be foreclosed to satisfy the amount due on said ; � �. � � �
<br /> bond,and any othec bond for xdditional advances,together with all sums paid by said The Equitable Building and Loan Association of Crand Island, � � � � �
<br /> Nebraska for insurance,taxes and assessments,and�bstracting extension charges,with interest thereon, from date of payment at the maximum . � .
<br /> � . legal rate. . � �
<br /> ` � � � As provided in ihe Bond secured hereby,while this rnortgage remains in effect the mortgagee may hereafter advance additional sums to the : � �� � "
<br /> makers of said Bond,their assigns or successors in interest,which sums shall be witMn the security of this mortgage the same as the funds originally . . . � � � .
<br /> � secured ihereby,the tMal amount of principal debt not tp exc:eed at any time the original amount oF this mortgage. � � . � � � .
<br /> Dated this �th day of 3u1y A.D.,1977
<br /> . �� .'7 '`�� rr . .
<br /> Ro t J. A1 Jr.
<br /> _,��!):_.�_ca�—
<br /> Jan R. Alian
<br /> STATEOFNEBRAS7CA,� ss. Onthis �th dayof JU�y 197� ,beforemq
<br /> COUNTY OF HALL
<br /> � - the undersigned,a Notary Yublic in and for said County.,personally came � '�� � �
<br /> Robert J. Al1an, Jr. and Jane R. Allan, each in his and her own ri�f�t and as spouse� of each �w �'i "
<br /> �� �oth� �. • � . . � . . . o are pe:sonalyx»oWnco . , ,
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<br /> i„ , o�at�� ' rsor5 whose name S are affixed to the above instrument as mortgagor5 �� they severally ',� 7
<br /> ac�p�Fpd�edith�gvd in ument to be tI721 r' voluniary act and deed.
<br /> � %C� � � � �V!"�'NE my liaxtd and No{'tacial Sesl the date aforesaid.
<br /> �': M07ARY P i� +e✓�t' 3 1 ���,c —������'( �`
<br /> wL+t�4MiSStONy�' 'ssion ex ires �a.� �,
<br /> � �EXPIRES ...�'. � � � � i� � ' �
<br /> ��q� gp: '�—����~r��ary Public
<br /> .�1 'R;G.81 l�' ' Q � � .
<br />� �T'�r�of�H�.��`P��
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