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<br /> MORTGAGF
<br /> na�QTc�c�Lo�n ne. L2275 �
<br /> KNOW ALL MEN BY THESE FRESEN7'S:That Je rry M. Radcl i ffi and Joan K. Radcl i ff, each i n hi s
<br />� �" ana ner own right and as spouse of each other, i�
<br /> �
<br /> Mortgagor,whether one or more,in consideration of the sum of �'
<br /> Thirty One Thousand Five Hundred and No/100---------------------------------- �LLA�s
<br /> . . loaned to said mortgagor by The Equitxble Building and Lvan Association of Grand Islana,Nebraska,Mortgagee,upon 31 5 .. shares of stock of.
<br /> said ASSOCIATION,Certificate No. L Z2354 ,do hereby grant, convey and morigage unto th�said ASSOCIATION tFie foltowing
<br /> � � described�real estate,situ:fted�in Hall County,Nebraska: . � . .
<br /> LOT TWO (2), BLOCK TWO (2) , CAPITAL HEIGHTS SECOND SUBDIVISION,
<br /> BEING A PART Of THE SOUTH-EAST QUARTER QF THE SOUTN-WEST QUARTER
<br />� , (SE;SWQ) OF SECTION TWO (2), TOWPlSHIP ELEVEN (11) NORTN, RANGE TEN
<br /> (10) �JEST OF T�iE bTN P.M., IN NALL �OUNTY, NEBRASKA.
<br /> toge[her with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> window shades,blinds,s[orm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> refrigeraturs,and o[her fixtures and equipment now or hereafter attached to or used in connection with said real estate. � �
<br /> � And�whereas the said mortgagor hxs agreed and does hereby agree that the murtgagor shall and will pay all taxes and assessments levied or
<br /> assessed upon said premises and upon this mm�tgage and the bond sec r d,L�,e ebx efore tte same shall bacome delinquent;to furnistt approved
<br /> � insurance upon the buildings on said premises situated in the sum of$��e�u�•U� payxble to said ASSOCIATION and to deliver to said���
<br /> ASSOCIATION the policies for said insurance;end not to wmmit or permit any waste on or about said premises; �
<br /> � In case of default in the perforrnance of any of the terms and conditions of this mortgage or the hond secured hereby,the mortgagee shall,
<br /> on demand, be entitled to immediate possession of the mortgaged premises and the morlgagur hereby assigns, transfers and sets over to the
<br /> . �� mortgagee all[he�rents,revenues and inco.me to be derived from the mortgaged premises during such time es the mor[gage indebtedness sliall remain�
<br /> i � unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br /> �g. the sama and collecting the ren[s,revenues and income,xnd it may pay out of said income all expenses uf repairing said prertises and necessary
<br /> commissions and expenses incurred in renting and managing the same and of coilecting rentals therefrum; the balance remaining,if any,to be
<br /> � � ^^!ied, .._:d the disc!�e�ge of ssid:.^. ::p�p:�'�.'�.Butedr:.s;;:hc;e,righis of.he nwrtgagee;nay ba zaerc;�d at eny tiuie duiing tSie existence oP such
<br /> � .default,irrespective of any tempocary waiver of the same. . �
<br /> i These Presents,liowever,are upon the Condition,Thxt if[he said Mortgagor shall repay said loan on ur before the maturity of said shd�es by
<br /> � .payment;pay monthly to said ASSOC:IATIpN of'the sum specified in the Bond secured hereby as intezest and principal on said loan,on or before
<br /> the Twentieth day of each and every nionth,until said loan is fully paid;pay all taxes and assessmen[s levied agains[said premises and.on this htortgage �
<br /> ,� and the 13ond secured tl:ereby,bcfore dzlinyuency;f'urnish approved insurance upon lhe bu�dmgs thereon ui Ihe sum of$ 3��5��.�� payable � � �
<br /> : ...# � � to snid ASSOCIATION:�repay to sxid ASSOCIATInN n�on d^_ms.^.d a:!:nr,rr;'by :�p:_�__�__.3:i�x�s,a�s�ss:.;cau a rs iiiaurn..ce wi[it interest at
<br /> !3:=:::a�imu;:iega��at�tiicreon irom date of payment all of which Mortgagm hereby agrees to pay;permit nu was[e on said premises;keep and comply
<br />� with all the agreements and conditions o(the Bond for$ 3� �5��.0�this day given 6y the said Mortgagor to said ASSOCIATION,and�comply
<br /> with aq the requirements oC the Constitu[ion and By•Laws of said ASSOC1AT10N; then these presents shall become null and void,otherwise they
<br /> � shall remain in full furce and may be foreclosed at the option of the said ASSOCIATION sRer failure for three months to make any of said
<br /> : �payments or be three months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond; • -
<br /> � and Mortgagor agrees to hxve a receiver appointed forthwith in such foredosure proceedings. . � .
<br /> if there is any.change in ownership of the real esta[e mortgaged herein,by sale or otherwise,then the en[ire remaining indebtedness hereby
<br /> secured shall,at the option of The Equilable Building xnd Loan Association of Grand Island,Nebraska,become immediately due and payable without �
<br /> � further notice,and the amount remaining due under said bond,and any other bond tor any additional advances made thereunder,shall,from the � �
<br /> , date of exercise of said option,bear interest at the ma�cimum legal rate,and this mortgage may then be foreclosed to satisfy[he amount due on said �
<br /> bond,and any other bond tor additionai advances,togetlier with all sums paid by snid The Tquitable Building and Loan Association of Grand(sland, �
<br /> Nebraska for insurance,taxes and assessmen[s,xnd abstracting extension charges, with in[erest thereon, &om date of payment at [he maximum �� .
<br /> legalrate. . �
<br /> � � As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafrer advanee additional sums to the
<br /> � makers of said Bond,their assigns or successors in interest,which sums sliall be within the security of this mortgage the same as the funds originally �
<br /> � �^. �secured thereby,the tota]amount of principal debt not ta exceed at any time the original amount of this mortgage. .. �. .. .
<br /> /��a d thii��day of J u 1 y '�� A.D.,19l f ��
<br /> ��,(�2/�,�%%'�,r-� �a�-�;� C�� i..,1�
<br /> �� ;� r.auG,�i i � �Y�an n. r cduG�i r r / /
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<br /> STATE OF NEBitASKA, � On[his 22nd day of July 19 �� ,before me,
<br /> COUNTY OF IiALL} ,�,� • �
<br /> the undersigned,a Notary Public in and for said County,personally came o � �,,
<br /> Jerry M. Radcliff and JQan K. Radcliff, each in his and her own right and as spouse of � �;�"
<br /> BdCh O'theY`� who d�„e personally known to sW{,
<br /> � � ;nv•
<br /> me to be the identicat person 5 whose name S dY'C' affixed tu the above instrument as mortgagors xnd they ��erally ^�
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<br /> acknowledged the said instrument to be t�1�1 1' voluntary act and deed.
<br /> : WITNESS my hand and Notarisl Seal the date aforesaid. �/j '
<br /> . ,� . . R9y Commission ezpires _ .., �!r� /!/ ,,,.- � .��"� �
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<br /> 1�rxqai rroTaRr-s�Sce u�t��ar:j ��[�' �� �.., /-rj 7"� `. Notary Public
<br /> �r ,�. ���~ JP.ti1ES VV.'�I,SON .� � � . . . .
<br /> � �� My GGr,:�._�.p.naa�_�1.^a'tie; . � � �
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