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<br /> MORTGAGE
<br /> i1�RT.^„yGE;.OAN;:^v. y 2?_�i n4 �
<br /> � KNOWALLMENBYTHESEPRESENTS:T6at �7df110S B. Hoag� d S7119�e p21"SOtI �
<br /> � - � � � � � �� Mortgagor;whether one or more,in consideration of the sum of �
<br /> ' Twenty five Thousand Two Hundred and No/100------------------------------------ ��LAt�s �
<br /> �, �loaned�to�said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 252 shares of s[ock of �
<br /> sai¢ ASSOCIATION, Cer[ificate No,L 22,764 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the followLig
<br /> � described real estate,situated in Hall County,Nebraska: � � � � � � .
<br /> A PART OF LOT FIFTEEN (15) COUNTY SUBDIVISI�N OF PART OF THE SOUTH O(�E HALF (S32) OF
<br /> T HE SOUTHEAST QUARTER (SEq) OF SECTTON SIXTEEtJ (16) TOWNSHIP ELEVEN (17) NORTH, RANGE
<br /> NINE (9} WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA, MORE PARTICULARLY DESCRIBED AS
<br /> F OLLOW�:
<br /> BEGI�JYING AT THE SOUTHEAST CORNER OF LOT ONE (1) BLOCK FOUR (4) WIEBE'S ADDITION TO
<br /> TftE CITY 0� GRANQ TSLANQ, FiAL� CQUNTY, NEBRASKR AND t2UNNING S�UTHERLY SIXTEEN (16)
<br /> FEET TO A POINT' ON THE NORTHERLY BOUNDARY LINE OF LOT FIFTEEN (15) COUNTY SUBDIVISION
<br /> 0 F PART OF THE SOUTH HALF OF THE SOUTHEAST QUARTER (S�SE 4) OF SECTION SIXTEEN (16) ,
<br /> T OWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M. , HALL COUNTY, NEBRASKA
<br /> B EING THE ACTUAL POTNT OF BEGTNNING; THENCE PROCEEDING WESTERLY ALOIVG AND UPON THE
<br /> N ORTHERLY' BOUNDARY LINE OF LOT FIFTEEN (15) A DISTANCE OF SEVENTY-EIGHT (78) FEET;
<br /> THENCE RUNNING SOUTHERLY PARALLEL TO THE EASTERLY SOUNDARY LINE OF CLEBURN STREET
<br /> A DTSTANCE OF FTFTY-TWO (52) FEET; THENCE EASTERLY PARALLEL TO THE NORTH LINE OF LOT
<br /> FIFTEEN (15) A DISTANCE OF SEVENTY-EIGHT (78) FEET; THENCE NORTHERLY PARALLEL TO THE
<br /> E ASTERLY BOUNDARY LINE OF CLEBURN STREET A DISTANCE OF FIFTY-TWO (52) FEET TO THE
<br /> P OINT OF BEGTNNING.
<br /> together with all the�tenements,hereditaments and appurtenances thereunto belunging,including attached floor coverings,all window screens, � .
<br /> � .. window shades,biinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves, �
<br /> refrigerators,and uther fixtures and equipment now or herea(ter attached to or used in connectian wi[h said real estate.
<br /> And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shali and will pay all taxes and assessments levied or
<br /> � assessed upon said premises and upon tl�is mor[gage and the bond secured therebz before the same shall become delinquent;to fumish approved
<br /> . insurance upon the buildings on said premises situated in the sum of$25,2��.J� payable to said ASSOCIATION and to deliver to said .
<br /> ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises; . ��
<br /> � �In case of defauti in the performance of any of the terms and conditions of this mortgage or [he bond secured hereby,[he mortgagee shall, � � � .
<br /> on demand,be entitled to immediate possession of tlie mortgxge3 premises and the mortgagor hereby assigns, transfers and sets qver [o the �
<br /> . mortgagee all the ren[s,revenues and income to be derived from the mortgaged premises during such time xs the mor[gage indebtedness shall remain . �
<br /> . unpaid;and the morlgagee shall have the power to appoint any agent nr agents it may desire for the purpose of repairing said premises and reniing �
<br /> � �--; . �the same and collecting the rents,revenues and income,and it may pav out of said inmme ?11 Pr���P_ �s' r,.,,,;•..,...�..:a �.-�—'..-.a,,,, „cco�ai - � � ����
<br /> - �F . � . .. . .. .. . " ' __ ��Y......ap .w�v e tlJCJ '�r � ..
<br /> , ';� �- ,,...,,�,�,���a,w-cxpcnscs incurrea m ianting�and managing the�ame and of collecting rentals therefrom; the balance remaming, iF any,to be � �
<br /> applied toward the discharge of said rnortgage indeb[edness;these rights oC the mortgagee may be exercised at any time during the existence of such � . .
<br /> � defauit,irrespective of any temporary waiver of Ihe same. .
<br /> . These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or befo[e the maturi[y of said shares by . � � �
<br /> payment:pay�munthly to said ASSOCIATION of the sum specitied in the Bond secured hereby as interest and principxl on said�loan,on orbefore ��
<br /> �� � the Twentieth day�of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage. �
<br /> -f
<br /> �,! � � and the Bond secured thereby,before delinquency;fumish approved insurance upon the buildings thereon in the sum of 5 25�QQQ.QQ 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 rnte thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and camply �
<br /> '� with all the agreemenis and conditions of the Sond foc 5 ZrJ s2�0.�� this day given by the said Mortgagor to said ASSOCIATION,and comply �
<br /> 7 with all the requiretnents of the Constitution and By-Laws of said ASSOCIATION; then these present:shall become null and void,otherwise they � �. �
<br /> sh�ll remain in full force and may be foreclused at the option of the said ASSOCiATION after failure ior three months to make any of said . ��
<br /> �payments or be three�months in arrears in making said montlily payments,or to keep and comply with Ihe agreements and conditions of said Bond; „ . � .
<br /> and Mortg�gor agrees to have�receiver appointed forthwith in such toreclosure proceedings. . �. .
<br /> If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby � � �
<br /> - secured shall,at the op[ion of The Equitable Building and Loan Association of Grxnd Island,Nebraska,become immediately due and payable withou[ � . �,
<br /> further notice,and the amoun[ remaining due under said bond,and any other bond for any additional advanr,es made thereunder,shall,from the �
<br /> �date o(exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foxeciosed to satisfy the amount due on said � �� � �
<br /> bond,and any other bond for additional advances,togeiher widi all sums paid by said The Gquitable Building and Loan Association of Grand[sland, � � . .
<br /> Nebraska for insurance,taxes and assessments,and absVacting extension charges, with interest ihereon, from da[e oF paymeni at the ma�timum .
<br /> � legal rate. . � �
<br /> � � As provided in the Bond secured hereby,while ttus mortgage remains in effect the morlgagee may hereafter advancz additional sums to the � � �
<br /> . makers of said Bond,[heir assigns oc successors in in[erest,which sums shall be within thz security of this mortgage the same as the funds originally . �� � �.
<br /> secured thereby,the total amount�f principal debt not to exceed at any time the original amount of this mortgage. � � . � �
<br /> Datedthis Z9'tfl dayof July A.n.,i977
<br /> ��.;,-n.� ..�. �.�
<br /> James B.. N�ag
<br /> STATE OFNEBRASKA,� r
<br /> COUNT'Y OF HALL ss. On this 29th day of �u�.y 19 �� ,before me, i '
<br /> .# ��.
<br /> � . � � � � � the undersigned,a Notary Public in and for said Coun[y,personally came �- ��- , •. , � ; �
<br /> �ames ��c�p,��g' a singte person � f� 4j
<br /> - � who 1 5 personally known to � �i�
<br /> � me to be the id�tica] sqd. L. ��r name affixed to the above instrument as mortgagor and hE MRVCDQIiyC ���u
<br /> \Y" ,a•�.iR. �:
<br /> acknowledged�ie i �iep�tgq�7fe��� voluntary act and deed.
<br /> r �S�rz�y hana�qc�"{�T�_ 1 Sea!the e�ate aforesaid. ,
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<br /> y Notacy Public
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