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<br /> s'�'-� �)C�3 918 �
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO.�3
<br /> KNOW ALL MEN BY THESE PRESENTS:That E1 vi n E. Pal u, dIlC1 Carol jean A. Pal u, 2dCh 1 CI fll 5
<br /> ` f ' and her own ri ght and as;spouse of each other,
<br /> � ' � � � � � � . ________Mortgagor_whether one cr more,in consideration of tlie sum of �;: ���
<br /> Ten Thousand and No/100------------------ ------------
<br /> DOLLARS
<br /> � , �� loaned to said mortgagor by The Equitable Building and Loan Association of C,rand Island,Nebraska,Mortgagee,upon �QQ shares of stock of
<br /> .E���� � said ASSOCIATION, Certificate No: L 22743 ,do hereby grant, convey and mortgagc un[u tlie said ASSOCIATION ihe following
<br /> � ��� descritied real estate,�situated in Hall County,Nebraska: �
<br /> ALL OF LOT ONE (1) AND THE EAST HALF (E2) OF LOT TWO (2), IN "PALU SUBDIVISION,"
<br /> BEING A PART OF THE NORTHEAST QUARTER OF THE NORTHEAST QUARTER (NE4NE;) OF
<br /> SECTION THIRTY-THREE (33), IN TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST
<br /> OF ?HE 6TH P.M. ; AND A TRACT OF LAND LYING SOUTH AND ADJACENT THERETO, BEING A
<br /> PART OF LOT FOUR (4) OF SAID "PALU SUBDIVISION,° WHICH IS MORE PARTICULARLY
<br /> DE5CRI8ED AS FOLLOWS, TO-WIT: BEGINNING AT THE SOUTHEAST CORNER OF LOT ONE (1)
<br /> OF SATD "PALU SUBDIVISION," THENCE RUNNING WEST ALONG AND UPON THE SOUTH BOUNDARY
<br /> LINE OF SAID LOT ONE (1) AND LOT TWO (2) FOR A DISTANCE OF 112.5 FEET; THENCE
<br /> TURNING AT RIGHT ANGLES AND RUNNING SOUTH A DISTANCE OF 40.0 FEET; THENCE TURNING
<br /> AND RUNNING EAST AND PARALLEL WITH THE SOUTH BOUNDARY LINE OF SAID LOTS TWO (2)
<br /> AND ONE {;1) A DISTANCE OF 112.5 fEET TO A POINT ON THE EASI' LINE OF SAID LOT
<br /> FOUR (4); THENCE TURNING AND RUNNING NORTH ALONG AND UPON THE EAST LINE OF SAID
<br /> LOT FOUR (4), A DISTANCE OF 40.0 FEET TO THE SOUTHEAST CORNER OF SAID LOT ONE (1 ),
<br /> BEING TNE POINT OF BEGINNING; EXCEPTING, HOWEVER, THAT PART OF LOT ONE (1) AND THE
<br /> EAST HALF (EZ) OF LOT TWO (2) OF "PALU SUBDIVISION," AS CONVEYED TO THE STATE OF
<br /> (N�EBRApSKA�B�Y WyA�RRANTRYpp�DEKEpD RECORDED IN BOOK 137, AT PAGE 171 OF THE DEED RECORDS
<br /> . togeth� w�ih�'all'E£'ieU�tenCrdenN�TiBYeeit3i�5�nts and appurtenances thereunto belonging,including attached tloor coverings,all window screens,
<br /> window shades,blinds, srorm windows,awnings,heating,air condi[ioning,and plumbing and water equipment and accessories ihereto,pumps,stoves,
<br /> refrigerators,end other�xtures and equipment now or hereafter attached to or used in connection wi[h said real estate. �
<br /> And whereas the said mortgagar has agreed and does hereby agree that [he mortgagor shall and will pay all taxes and assessments levied or
<br /> assessed upon said prernises and upon ihis mortgage and[he bond secured therebV before the same shall become delinquent;to fumish approved �
<br /> yi insurance upon the bui2dings on said premises siwated in the sum of$ �O�QQQ.Q(J payable tu seid ASSOCIATION and to deliver to said � �
<br /> t. . ASSOCIATION the policies for said insnrance;and not to commit or permit any waste on or about said premises; . . . . . �
<br /> � In case of defatdt in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,tl�e mortgagee shall,
<br /> . �on demand,�be entitled ro immediate possession of the moRgaged premises and the mortgagor hereby assigns, transfers and sets over to the � �
<br /> ' � � mortgagee all Uie rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage inde6tedness shall remain �
<br /> �� unpaid;and die mortgagee shall have the power ta appoint any agent or agents it may desire for the purpose of repairing said premises and ren[ing
<br /> '{ � tfie same and collecting the rents,revenues and income,and it may pay uu[ of said income all expenses of repairing said premises and necessary .
<br /> .commissions and expenses incurred in renting and managing[he same and of collecting ren[als therefrom; the balance remaining,iF any, to be. �
<br /> applied toward the discharge of said mortgage indebtednesr,theu rights of'the mortgagee�nay be exercised at any time during the existence of such � �
<br /> defaulk,irrespective of any temporary waiver uC the same. . �
<br /> � These Presenis,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 monthly tu said ASSOCIATION af the sum specified in the Bond secured hereby as interest and principal on said loan,on or before � � �. � .
<br /> . the Twentieth day of ead�and every�month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on[his Mortgage ��.
<br /> and�the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum oC$ �p��Q�.00 payable . .
<br /> � to said ASSOCIATION;repay to said ASSOCIATION upon demand all.money by it paid for such taxes,assessments and insurance with interest at � � �
<br /> the maximum legal rale Ihereon f}om date of payment all of wliich Mortgagor hereby agrees to pay;permit no was[e on said premiseg;keep and comply � � � .
<br /> wiih ail the ugreements and conditions of the Bond for$ �n �nA �(�this day given by the said Mortgagor to said pSSOC1�ITION,and comply _ � �
<br /> . with all the requirements of the Constitution and By-Laws of s�aid SS'C7C71ATION;then these presents shall become null and void,otherwise they . �
<br /> �. shall remain in full force und may be foreclosed at the option of the said ASSUCIATION after failure for Ihree months to make any of said �. � �� .
<br /> pzyments ar be three months in arrears in making said monthly payments,or lo keep and comply with the agreements and conditions of said Bond; ' . � �� .
<br /> . and Mortgagor agrees to have a recciver appoinied forthwith in such foreclosure procezdings. . � � .
<br /> ,` � If there is any change in ownership of the real estale mortgaged herein,by sale ur otherwise, then the entire remaining indebtedness hereby � � �
<br /> . secured shaU,at tlte option of The Equita6le Building and Loan Association of Crand lsland,Nebraska,become immedia[ely due and payable witlwut � . � � � �
<br /> - � � further notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,Gom the . � �� �� .
<br /> date of exercise of said aption,bear interest ac the maximum legal rate,and this inortgage may then be fureclosed to satisfy the amount due on said . � -
<br /> � bond,and any othez bond for additional advances,together with al]sums paid by said The Equitable Building and Loan Association of Grand Island, � � . � . � � .
<br /> Nebraska for insurance,taxes and xssessments,and abstracting extension charges, with interest [hereon, from date of payment at the maximum � . . �
<br /> � legal rate_ � � � . � �
<br /> � . As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the � . � .
<br /> � mxkers oF said Bond,their assigns or successors in interest,which smns shall be wi[hin the security of this mortgage the same as the funds originally � �
<br /> secured thereby,Ihe tota]amount of principal debt not to exceed at any time ihe original amount of this mortgage. � � � � , � .
<br /> Dated this �,l �}[' day of J�y, J,l.D.,19 ']7
<br /> / � > �/� ,�/ ,r - /l �j�� //
<br /> ,.--�Y�-.S�-=z. �.-�/.�.L�'..��-�--' t�t2.�t..�t_r: Gt-�2� G-C 1`G�-c*�-'
<br /> Elvin E. Palu, �aroTjea��-a u
<br /> STATE OF NEBRASKA,�� On this �3tfl da of `
<br /> COUNTY OF HALL Y J u 1 y 19]] ,be(ore me,
<br /> � � � � � Uie undersi ned,a Notaz Public in and for said County,personally came ""'.�`� � - ��i,
<br /> E lvin E. Pal u, and Carol jean A. Pal u, each in �ii s and her own ri ght and as spouse of � >; ,._
<br /> � ��2 � �Ot�10C�. � � ��� �� � W�1O are Personally known to .:{
<br /> � �b(�,�(� ' '� 1 person�s � .� whose name� S dre affixed to the above instrument as mortgagor g and t{1ey severaliy � %
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<br /> �ka�61$II�d,t instrument to be th21 1" voluMnry act and deed. �`,'
<br /> �:�� � '4��WIT SS my hand and Notarial Seal the daYe a£oresaid. .,
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<br />� � ,r�� NOTARY (p ission expires � .. � �� 1 ✓� ! $.� / .
<br /> . COMPA1S51'J!l :� . ��..fs,U.-'S �� \.d�$"' .
<br /> % �� £XPIRES � � �� � . N ry Public �
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