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<br /> �'7• U 0 3&"71
<br /> MORTGAGE
<br /> MORTGAGELOANNO. L 22-s739 MGIC
<br /> L � KNOWALLMENBYTHESEPRESENTS:That E�jWdPd E. Meedel and Deanna L. Meedel, 2dCh lt1 h1S hc1d
<br /> her ovrro right and as spouse of each other' `
<br /> Morfgagor,whether one or more,in consideraxion o£the sum of
<br /> � ' Thirtv-Four Thousand Five Hundred and No/lOQ-------------------------------------- mLLaxs '
<br /> ` � loaned to said mortgagoc by The Equitable Building and Loan Associstion of Grand Island,Nebraska,Mortgagee,upcin 345 shares of stock of
<br /> ? a said ASSOCIATION,'Certificate No.L' 22�739 MG I Cdo hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> ; ;,, described ceal estate,situated in Hall County,Nebraska:
<br /> i LOT NINE (.9), IN BLOCK NINE �9� , SHERIDAN PLACE,
<br /> BEING A PART OF BLOCK TEN (1�) OF HARRISON'S
<br /> SUBDIVISION OF THE SOUTHWEST QUARTER OF THE SOUTH
<br /> EAST QUARTER (SW;SEQ) 0� SECTION EIGHT (S), IN
<br /> TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF
<br /> THE 6TH P.M., GRAND ISLAND, HALL COUNTY, NEBRASKA
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<br /> a together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached tloor coverings,all window screenx,
<br /> � window s}aades,blinds,srorm windows,awaings,heating,air condi[ioning,ar.d plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> j refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br /> � � � And whereas the said mortgago�has agreed and does hereby agree Ihat the mortgagor sha11 and will pay xll taxes and assessments Ievied or
<br /> assessed upon said premises and upon[his mor[gage and the bond secured thereby before the same shall become delinquenh ro fumish approved
<br /> �'�insurance�upon the buildings on said premises si[uaced in the sumof S 34�§QQ.QQ payable to said ASSOCIATION�and to deliver to said �
<br /> �.�ASSLICIATION�the policies for said insurance;and not to commit or permit any waste on or about said premises; .�. � � �
<br /> In case oC default in the perfocmance of any of the terms and conditions of this r.�ortgage or the bond secured hereby,the mortgagee shall,
<br /> � on�demand,�be entitled to immediate possession of the mortgaged premises and the mortga$or hereby assigns, transfers and scts.over to.the�
<br /> mortgagee all the rents,revenues and incame to be derived from the mortgaged premises during such time as the mortgage indobtedness shall remain
<br /> ; unpaid;and the mortgagee shali have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting '
<br /> �� �� . �[he same nnJ��collecting 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 ren[ing and managing the same and o(wllecting rentals therefrom; the balance remaining,if any,to be
<br /> � 's,. �� � � .appGed.toward the discharge of said mortgage indebtedness;these�rights of ihe mortgagee may�be exercised at any time during the�existence of such
<br /> ' a� �� . ��defaWt;irrespective.of any temporary waiver of the same. � � � . . � �
<br /> $ These Presents, l�oweve;,are upon die Condition,That if the said�lortgagor shall repay said loan on or befo�e�the maturity of said shazes 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�mon[h,until said loan is fully paid;pay atl taxes and�assessments levied against said premises and on��this Mortgage
<br /> and the Bond secured thereby,before delinquency;Curnish approved insurance upon the buildings thereon in the sum of$34�5�0.00 payable
<br /> � '��to said pSSOC1ATION;.repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest ai
<br /> "��'� �� �the maximum legal rate tlierepn frum date of payment all of which Mortgagoi hereby agrees to pay;permit no waste on said premises;keep and comply�
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<br /> � with all the agreements and conditions of the Bond for 3 $4�$0�.�� this day given by the said htortgagor fo said ASSOCIATION,and compty
<br /> with atl the requ'vements of the Constitution and$y-Laws of said ASSOCIATfON;then these presents shall become null and void,otherwise they
<br /> i�� � � shell�remain irr full force and may be foreclosed at the option of Ihe said ASSOCIATION after failure for three months to rnake any of said
<br /> :? � � � payments or be.three months in arrears in making said monthty payments,or to keep and wmply with che agreements and conditions of�said Bond;
<br /> ��. �and Mortgagor agrees io have a receiver appointed for[hwith in such foreclusure proceedings•. � � .
<br /> If there is any cliange.in ownership of the real estate mortgaged herein,by sale or otherwise,thert the entire remaining indebtedness�hexeby �
<br /> ' secured shall,at the option of The Equitable Building and Loan Association of Grand Is1and,Nebraska,become immediately dve and payable without
<br /> ° furthec notice,and the amount rernaining due under said bond,and any other bond for any additional advences made thereunder,shall,from the
<br /> , � � date�of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said �
<br /> bond,and any othec bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br /> � Nebraska for insurance,taxes and assessments,and abstrxcting extension charges, with interest thereon, from date of payment a2 the maximum
<br /> � legal rate.
<br /> . As�provided irr ihe Dond�secured hereby,while this mortgage remains in effect the mortgagee may hereafrer udvance addiiional sums to the
<br /> . .makersbf said Bond,their xssigns�or successors in inierest,which sums shall be within the security of this mortgage the same as the funds o�iginally �. .. .
<br /> � secured lhereby,�ihe�Lotal amoun[of principal debt not to exceed at any time the originaI amount of this mortgage. � � � �
<br /> nateac ;s i th adyoe July A.D.,iy77
<br /> ����'�:i���'
<br /> � ��y..ri��.-c�v �'l'i;;��».r'_.r'�
<br /> ; ; Deanna L. Meedel
<br /> R
<br /> STATE ORNEBRASICA, ss. On this 11th day of �J��,y 19 7� ,before me, y
<br /> COUNTY OP HALL� _ r 1 �'t,
<br /> . r . '� � �� � � . �. the�undersigned a Notary Public in and for said County,personalty came � � � ;r
<br /> � Edovard E. Meedel and Deanna L. Meedel , each in his and her own right and as spouse of each '��r �
<br /> �, Otftel' r,ri�a••,�_ who peraonallyknownto i� ;�
<br /> me Yo be the identical pecsons ^�who 5�:.�+�, ffixed to the above insirumen#as mortgago� and the,� severally �,���
<br /> acknowledged the said'mstrument to be ,v � �v:g � and deed.
<br /> W[�FSS�xiy hand a YyYiai Sea1 the da�:ee i}f� "d.
<br /> MyCommissiane.xp' qp�t�g6NSiJ�� ^ e,,� /�/�
<br /> .. . ;,�'�.Eh't+tt£S/ci�'a� . . . — ��l%i��NC.�Gl�J � .
<br /> s,i-at�lu f"�aF� � S<3e��'��, Notary Public
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