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<br /> w MOKTGAGE
<br /> . MORTCAGE LOAN Np, �Z2�5�
<br /> �;` � xrrowa,�LMr:NSYTHr:sera�sErrs:Tnac Carl E. Sharp and Dorothy L. Sharp, each in his and
<br /> her own right and as spouse of each other
<br /> � h2c,rioagor,w1�etYer one or morz,in considzratio!�uf the sum of �
<br />� Forty-One Thousand Two Hundred and NO/ZOO------------------------------------------DOLLARS
<br /> toaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,M11urtgngee,upon 412 shares of stock of .
<br /> said ASSOCIATION, Certificate No. L 22�5� ,do hereby grxnt, cunvey and norigage ur.to the sai3 �SSOCIATlON the feIlowing � � �
<br /> � described real estate, situated in Hall County,Nebruska: � .
<br /> >; A TRACT OF LAND IN THE SOUTHEAST QUARTER OF SECTION ONE (1), TOWNSHIP
<br /> ELEVEN (11) NORTH, RANG[ TEN (10) WEST OF THE 6TH P.M., MORE PARTICULARLY
<br /> ' DESCRIBED AS FOLLOI�dS: BEGINNING AT A POINT ON TNE SOUTH RIGHT-OF-WAY LINE
<br /> 0� HIGHWRY #2 SAID POINT BEING LOCATED 359.5 FEET SOUTH OF THE ONE QURRTER
<br /> , SF�TTQN rf1RNF0 !1N T4{G FACT 1 TNF QF �pTn $FrTTQ�J 1 ; Q�JD 29f?.0 ���T ":vr`�i�'i-
<br /> :•lESTE�2L`r' R�GidG SijIu SUUTH RIGHT-OF-WAY LINE, CONTINUING THENCE NORTHWESTERLY
<br /> ALONG AND UPON SAID SOUTH RIGHT-OF-WAY LINE, A DISTANCE OF 250.4 FEET,
<br /> RUNNING THENCE SOUTH PARALLEL WITH THE EAST LINE OF SAID SECTION 1, A
<br /> �" DISTANCE OF 398.35 FEET, RUNNING THENCE EASTERLY A DISTANCE OF 240.0 FEET,
<br /> RUNNING THENCE NORTHERLY PARALLEL WITH THE EAST LINE OF SAID SECTION 1,
<br /> A DIS1'ANCE OF 327.65 FEET T� THE POINT OF BEGINNIN6.
<br /> �
<br /> tageth��r witii 211 ilic. testen.�e!its,hcrcdi!amcnrs 2nd 2ppunenaeees [hereuntu i�el"noittg,incq���iino att2cLe�t (le�•r coveri•,gs,�ejl ::dr.low s::reer.s, � � .�
<br />�`,' windowshsdes,blinds,stormwindows,-swnings,heatinS,�:rcc�nSitiunir.g,audplumbingandwatereyuipmentand:�ccessoriesthere[o,pumps,stoves, �- �
<br /> : refriRerators,and other f�xtures and equipmznt now or hereafler attached to or used in connectior�wi�h seid real estatc. .� �. � �
<br /> � And whereas the said mortgagnr has agreed�nd does hereby agree that the mmtgagor shail and will pay all taxes and assessrnents levied or � � �
<br /> � assessed upan said pr�:mses ar.il upor this mortgage and:l:e bund secured ;!�ereby befure che same shaL become.�'.elinquent;:.;f�:nisl:appro•.•cd
<br /> �' � insurance upon the buildings on snid premises situated in thr sum of 5 Q.j�200.�Q pd7'�ble tu said ASSOCIATION and to deliver to said . �
<br /> � ASSOCfATION the policies for said insurance;u�td not ro commit or perrzut any waste on or a6out said prentises; �
<br /> � In case of default in tlie. performance of any of the tenns and conditio�is of tftis morteage or the bond secured herebV,the mortgagpe�F+,_!!,
<br /> - on deruand, be eniitted to immcdiate possession of the mortgsg��{ p , i,cs a- u�,e murig:�gor iiereby assigns, transfers end sets over io the
<br /> mongagee uli the rents,revenues and income to be denved f'rcrn tlte mortg�ged p�emises dw�ing sucli time as the moctg;�ge indebtedness shall remain �
<br /> .' unpaid;and the mong;�gee shall h�ve the pnwer m appoint any ag�nt or agen[s it may desire for the purpose of repairing said premises and renting
<br /> �, ihe same and collectmg ihe rents,revenues and income,and it may pay out of said mcome xl] expenses of' repairing said premises and necessary � �
<br /> . uoir�missiuns anu expenses incurreu in ren[ing anti m�n�ging[iie sume snd oi coiiec[ing reiitais ihereirom; [he balance remaining, if any,tu be �
<br /> applied toward dic discharge of'said mortguge indebtedness�,these ri�hts uf the mortgagee may be exercised at any time during dte existence of such � � �
<br /> � default,irrespective of any temyorary waiver oC the s�me. .
<br /> These Presents,tiowevar,are upun the Cundition,That if the s�id Mort��gor shull repay said]oan on oc bef'ore[he maturity of said sha[es by
<br /> � payment;pay monthly to said ASSOCIATION of the swn specified in the[3ond secured hereby as interest and principal un suid loxn,un or before
<br /> the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assess�ncn�s levied against said premises and un this Dlortgage
<br /> and lhe l3ond secured thereby,before delinyucncy;fumish upproved insurunce upon the buildings thereon in the sum of S 41�2��.�� paycble
<br /> to said ASSOClATION;repay Lo sxid ASSOCIATION upon dem�nd�11 muney by it paid for such teses,cssessments and insurance with interest at
<br /> - the maximum legal rate thereon f rom date oi'papment�Il of which Mortgagor herehy agrees to p;�y:permit no waste un said premises;keep and comply �
<br /> with all the agreements and conditiuns uf Ihe Bund fur S 41�2��.��thi> day given by the said Mortgagor tu said ASSOCIATION,and comply .
<br /> vith a!1 ihe reGuire�ne�nis of the Constimtion and f3y-Laws of said ASSO('IATION'. then these presents shall become null and void,otherwise they
<br /> . shall remain in full forec and muy be forcclosed at Uie option uC the said ASSOCIATIUN after f�ailure Ior three months N make any of said
<br /> payments or be three montits in arrears in making said monthly payments,or to kcep snd comply with the agreements'and conditions uf said Bond; .,
<br /> and MorYgagoc agrees to h�ve a receiver appointed forthwit}�in such foredosure pruceedings.
<br /> � If there is any change in ownership of the rcal estate mortgaged herein,by sale ur otherwise, then the entire remaining indebtedness hereby
<br /> secured shall,;�t th�uptiun of The i;yuitable Building an1 Loan.Assuciation uf Grand Island,Nzbraska,becotne immediately due and payable without
<br /> further notice,and the amount remaining due ui�der said bond,and zny oiher bond fur any additionat advances made thereunder,shall,from the
<br /> date of exercise of said option,bear interesc at dte muximum legal rate,and this mortgxge may then be foreclosed to satisfy ihe amount due on said
<br /> ' bond,and any other bond for additiunnl advances,together with all sums paid by said The Equitable Building and Luan Association of Grand Island,
<br /> Nebraska for insurance,tax�s xnd assessments,and abstracting extension charges, wiU� interest thereon, from date of payment at the maximum
<br /> ' . legal rate.
<br /> {
<br /> As piovided in the Bond secured hereby,whilc this mortgage remains in effect the mortgagee may hereafter advancz additional sums tu the
<br /> mekers of sai�Bond,their assigns or successors in interes[,wLiclt sunu shnl]be within tl�e seeui'ity of this murtgage the same as[}�e funds originally
<br /> secured thereby,tlie totxl amount of principal dcbt not to exceed at any time the original amount of this nwrtg�ge.
<br /> /��rea cf,�s 20tn, a:�v��r J ul y n.t�.,» 77
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<br /> � `��.n:-r'" �.�!.,-�,,c:� �
<br /> ay� . .,arp .
<br />� t1�r�-.-,-2i'i-N .. �.i il'�.r,r: �
<br /> Dorothy L. Sharp
<br /> STATE OF NEBRASKA,� , v��i��i> d�y oi 1v ,be(ore me,
<br /> COUNTY OF NALL� �
<br /> the undersigned,a No[ary Pubiic in and i�r said i:vuntY,Personally came .. `- .
<br /> Carl E. Sharp and Dorothy L. Sharp, each in his and her own right and as spouse of each o,- :,
<br /> � Ot `�'��� are Versonally known to � .•
<br /> �.t��'j�ry�� erson S whose name S dy�e affixed to thr above instrumcnt as mortKd6���S d°d they severally ';�,'
<br /> � "'c.4�`ti . .
<br /> � ac�i i�yv�j��'��trument to be the�r voluntary act nnd deed. �*�� ,
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<br /> r"�"r�w � H :<�.�" .-�TNL'��$my;iaa1 and Nutsria!Sesi t!ie d_te zf"resa���. �u�� Y�
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