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<br /> MORTCAGE
<br /> MORTGAGE LOAN NO. L22��9
<br /> KNOWALLMGNBYTHESEPRESfiNTS:TIiat TOmflly J. C]emens and Sharon D. Clemens, @dCfl 7Il fl1S
<br /> and her own right and as spouse of each other,
<br /> Mortgagor,whether one or mure,in consideration of the sum of
<br /> Eiqhteen Thousand and No/100---------------------------------------------------- noLLnas
<br /> loaned to said mortgagor by Tfie Equitable$uilding and Lvan Association of Gcand Island,Nebraska,Mortgagee,upan �$� shares of stock of
<br /> said ASSOCIATION, Certificate No. L ZZJJ9 ,do hereby grant, convey and mortgage unto the said ASSOCIATiON the following
<br /> � � ��descrioecl�rcxl,estafe,situated�in Hall County,Nebraska: � � . . . ... . �
<br /> THE WESTERLY ONE HALF (WZ) OF LOT SEVEN (7) IN
<br /> BLOCK ONE HUNDRED TWENTY SIX (126) OF KOENI6 AND
<br /> WIEBE`S RDDITION 70 "I'HE CITY OF GRRND iSLRND, HRLL
<br /> � ,
<br /> COUNTY, NEBRASKA.
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<br /> � � � � tvge[her with all Uie tenements,hereditaments and appurtenances thereunto belonging,including attached Y7uor caverings,all window scteens,�
<br /> � window shades,blinds,storm windows,awnings,lieating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> '.�-� � � refrigeraiors,and other Cixtures and equipment now or hereafier at[ached to or used in connectiun�with said real estate. � �� � , � �' - �" ���
<br /> � And whereas the said mortgagor has agreed and does hereby agree that the mor[gagor shall and�will pay all taxes and assessments levied or .
<br /> .assessed. upon said prentises and upon tltis mortgage and the 6ond secu�ed t r 6y kefore the same sltall bzcome delinquent;to furnish.approved �
<br /> insurance upon che Nuildings on said premises situated in the sum of 5 t$>���•�U payable to s:iid ASSOCIATION and to deliver to said
<br /> � .. ASSOCIATION the poticies 1'or said insurance;and not to commit or permit any waste un or about said premises; . � . . . �
<br /> In case of default in the performance of any of the terms and conditions of this mortgage or die bond secured hereby,the mortgagee shzli,
<br /> e � � on demand,be entiUed to immediate possessiun of ihe mortgaged premises and the mor[gagor hereby assigns, transfe:rs and sets�over to-[he
<br /> .mortgagee all the rents,revenues and inwme to be derived from ihe inortgaged premisas during such time as the mortgage indebtedness shall romain �
<br /> ' � � unpaid;xnd Yhe moitgagee shall have the power[o appoint any ageni or agents it may desire for thepurpose of.repairing said premises and renting ,
<br /> the same and coilecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premises and necessaty
<br /> cornmissions and expenses incurred in renting and managing the same and of collecxing rentals therefrom; the balance remaining, if any,to be.
<br /> . applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during[he existence of�such
<br /> default,irrespective of any temporary waiver of the same.
<br /> � These Presents,howevec,are upon the Condition,That if the said Mortgagar shall repay said loan on or before$ie maturity of said shares by..-
<br /> ; .� . � payment;pay monthly to said ASSOCIATION of[he sum specified in the Bond secured hereby as interest and principal on said loan,on or before
<br /> .� the Twentielh day of each and every mon[h,uniil said loan is fully paid;pay all tdxes and assessmenis levied against said premises and.on ihis Mortgage.���
<br /> �. � �and the$ond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of 5�H.OOO.00 paya6le �
<br /> � � to said�ASSOCIATION;zepay to said ASSOClATION upon demand all money by it peid for such taxes,assessments and insurance with interest at
<br /> � . the maximum.legal ra[e thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply
<br /> wiih a!!the agreements and conditions of die Bond for$�H,�O�.00 this'day given by the said Mortgagor to said ASSOCIATION',and comply
<br /> � . with all the reyuiremenis of the Constitution and By-Laws of said ASSOCIAT[ON;then these presents shall become null and void,otherwise they
<br /> shall�remain in full force and may be Coreclosed at the option of the said ASSOCIAT(ON after 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 conditlons of said Bond;
<br /> . � andMortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. . � � �
<br /> � . If there is any change in ownership uf the real estate mortgaged herein,by sale ur otherwise,then the entiro remaining indebfedness heteby
<br /> secvred shall,st the option of The 6quitable Building and Loan Association of Grand Islend,Nebraska,become immediately due and payable withouc
<br /> � � furiher no[ice,and the amount remaining due under said bond,and any other bond fot any additional advances made thereundet,shall,from the � �
<br /> date of exercise of said option,bear inxerest at the ma�mum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said
<br /> .� band,and any other bond for additional adrences,together with a�l sums paid by said The Equitable Building and Luan Aswciation of Grand Island,
<br /> � Nebraska for insurance,taxes and assessments,and abstracting extension charges, with interest [hereon,from date of paymen[ at the maximum
<br /> ]egal rate:
<br /> � � As provided in the Bond secured hereby,while tivs mortgage remains in effect the mortgagee may hereafter advance additional sums to the �
<br /> � � makers of said Bond,their assigns or successors in interest,which sums shall be within the security of this mortgage the same as the funds originally -�� ��
<br /> � secured thereby,the total amoun[of principal deb2 not to exceed at any time the original amount of this mortgage. . � -
<br /> Dated this 71 th da ot August �� A p.,iv 7/7)
<br /> �•. r ��%y�.�.�_/ -'�?�.�-��>� <� {�-��'�--�'..'_.,-�,«,�',�,<s;1/
<br /> Torrrny L�. Cle ns aron �. C emens
<br /> STATE OF NBBRASKA>� t
<br /> � ss. � On this ��t}� day of August 19�� ,btfore me,
<br /> COUNTY OF HALL
<br /> the undersigned,a No[ary Public in and for said County,personatl came �`�� � •�`
<br /> Tammy emens and Sharon D. C7emens, each in his and her own right and as spouse ofi � „� y���
<br /> ..ea -- �� � � � � � ... . . . who are Personally known to ...� � :� .
<br /> � �hbekStle t�t�e n S whose nazne 5 affixed to the above instzument as mortgagor 5 and tj1eY severally :Y+ �'
<br /> �a t�� •,
<br /> ckn0}�v'kdged tlaeqsgiSinst ent to be thel r voiuntaryact and deed. � � A
<br /> � � ?�pTnR'vW1TTlE9yS�y hand and Notaria1 Seal the date aforesaid. ,�`� d� � . � � � ��
<br /> �t,�,.itc�:v„ �y,'CA ion expires . . . � d�
<br /> fX?frt 9`'+.Y �
<br /> � �`�� �� (�� � � � ...
<br /> G�• 31 � �.� ���� 'v \ ,� Notary Public �
<br /> s. ''�r GF th��••:�.�' .
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