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<br /> ��• 007157
<br /> IOAN NO. 2 1 O 4 6?' d S 7 "MORTGAGE AND SECURITV AGREEMENT"
<br /> KNOW ALL MEN BY THESE PRESENTS
<br /> � THAT WAYNE W. BOCiQ�lANN and RAY E. BOCIQSANN, husbsad and wife,
<br /> each coatractiag in hi� owa right aad ae apouee of the other
<br /> of fh�County of HC�.1 and Sta�e of Nebrosko,mongagors, In consideration of�hc wm o(
<br /> 1WENTY ONE THOUSAND AND NO�lOOCI1B------"--------------_________�__�f Z1�OOO.00 )DOLLARS
<br /> fh�r�uipf wh�reof is here6y acknowledged,do hsrwby SELL AND CONVEV fo Slole Faderol Savings and Loon Associafim,Beatriu, Nwbras4o,mortgupM,
<br /> fh�Followinp d�wrib�d nal esfofe sifuaHd, in Hall Coumy, Stots of Nab�osko, ro w�t:
<br /> Lot One (1) aad the Northerly lfaeaty-four (24) feet of Lot Three (3) in Blocic 'hrenty-tmo
<br /> (22) in Univereity Place. an Additioa to the City of Grand Island. Hall County� Nebraak
<br /> op�lMr rl�h oll buildinpa,sawments, improv�rtrnh,fixfu���or oppurtenancas now or heraohar ero<red thereon, {ncludirp,all opporeNa, puipm�nt,
<br /> �xfun�w aMicb�,wh�fMr in singl�unifs w untrally conlroll�d, wed to supp�y hea�.9os,ai conditioning,wafar, light. Powe�, refrip�rofion, wnfilafim,
<br /> di�hwmhing,dipowl, w ofMr aerviu�,and any ofMr fhinq now or h�rsafror�6ersin or thareonr tha (umi�hing of which by I�qors to I�uw� ic customory a
<br /> eppropriW�, includinp acn�nt,window shod�s,sform dooro and window�, floor coverings, scnm doon, in-o-door bed�, awnings.��ovsa and waf�r h�uqa(all
<br /> ef wliich y�dsclor�d ro b�o part of wid r�ol estof�wh�rher physically oHached therefo or not). The Mortgopw ��h�r�by wb�apated fo the rip6M oF oll mw-
<br /> fpapNa, li�nbeld�n and own�n poid off by�M proce�ds of�he loon heraby secured.This mongoge consiwtes o security apm�menr wfrh rapect to th� charyds
<br /> cov�r�d h�raby und with r��ct�o th�ftxrur�s artach�d ro rhs abow d�scrib�d real s�ta�e �n which mortgopw hoc on ordinary wwrity inhrqt.
<br /> TO HAVE AND TO HOLD 1he said prop�rry,with wid buildiaps,�owrrrnh, improv�manfs, Fixtw�s,uppurt�nmcas,oMwro�u�ond puipm�M,un�o soid
<br /> MaiyopN, ita wcc�uus and ostipns for�vM.
<br /> Tlr maYpopon rpreNnt ond cov�nont with�M morpopa�ho�H+ay are lawfully uiz�d in fea�imple of�cid pr�mises;thot they hov�good right ond Icwful
<br /> oufhorify to wll md conwy�M wm�;thal th�y ore frw rnd clsar from�ncumbronns;r6o�fhen ore no wtstondinp�ecurity inl�r�sfs apainp any fizN.N;ond
<br /> N�a1 fh�y will worranf ond d�F�nd fM fifle fo wid premiwa opoinst th�cloim�of all p�rsons,and t6o�rh�r�or�no ou�s/mdinp wwri�y inl�rnrs a��o ony md oll
<br /> oF Nw abow dn[rib�d fixtur��.
<br /> PROVIDED,olwoyt md 1h�s�pr�qnh ar�upm wxprau<onditim:Thaf, wb�reu� rM wid mpfgogors hove thia doy executad md ddiv�r�d fo fM mid
<br /> A�ociMion,on�cMaio nof�in iM unounf oi�b dww comid��afion,which wm with int�rNt ca provid�d by�oid nd�o�onY mutuol rtwali(ico�im a�xf�nsim
<br /> Nvr�of,end all wms wf�ich wid Auociofion shall poy ouf of itc own fund�fw�o.c��,in�uronca w r�pairs on rha prop�rty d�acrib�d Mnin,or Fu�un ca�hadvonu-
<br /> nrnFs maL by N��mortyopa ro tM mor�popor,or hi�w<c�ssor in fiN�,for ony purpow af ony lime beFon fhs r�l�mo ond cmc�lbtion oi�his monpop�(provid-
<br /> �d fMl tl»uid advanc�m�nf,fop�fh�r wifh iLw principol bolonc�dua of fhe�im�of the uid odvanc�rrwnt,�hall�o��acNd�M oripinal omount of rM mortpup�
<br /> a�d,provid�d furtMr,tf�W nofhinp h�nin contcinsd�holl b�consid�reda�limifing fhe amounh rhat sholl b��ewr�d hsnby wF+�n odvmc�d ro prot�N fh�vcuri�y
<br /> or in occordonu wifh fM cownonf�confoieNd h�rein)sholl conuifWa fha d�br owirq fo said Auociorion ond by wid naa said morlgapors promit� to poy qid
<br /> d�bf end inl�r�s�lo fhe Auociofim in monfhly insrollrtyots as provided in wid nd�of ev�n dot�6�r�wirh.Unl�sa r.wdifi�d or axt�nd�d,rkr Firwl poymrd i�dw
<br /> ,.. Z(�0 monel�s frwn dor�.
<br /> MoMqapon fwfh�r cp��s fo pay,bsforo delirpwncy, fhs wms wcur�d haroby,md al l toxes and chorg�s of •v�ry chorocr�r o�ywd or now dw,und�r
<br /> /M lows of N�breske, upon uld r�al��foH, md upon fhia mortgcpe or lhs na�w d�bf»cured horeby;ro keap tir buildinp��pon wid pr�miwa inw��d for fir�
<br /> a�d�xbnd�d cowrup�in wma compuny a companf�s occpfabl�fo mortg�ape�for on amo�ne not Iwc thon rh�valw oF fV�a bui Iding,w d���rmined by rh�mw-
<br /> fpmpw w�M unpoid bolmu of tM loon,wf+icMv�r is IH�;to ke�p ell improvemsnh in good repair ond condifim,witi�out wm�1�durirp tl�lii�o(rhis mo�tgop�;
<br /> and fo p�nwif morfpepN or ih opsnf to snfer upon�oid p�miw�to�xomine the condirim of wid improvemsnrs in order�o ensu�a complionc�hwrewith.
<br /> $hould d�fault b�mod�in paymsn�of the wm qwrad Mreby, w any porf rhereo�, and said d�Fculf continw fw cixty (60)days, w ahould wid inwrmu
<br /> na�b�p'ompfly�ff�cY�d,or tyu�p cun�m�nri e�ol be poid b�fve d�linqwncy, p d�foul� in any oF tL��tamn oF rh�noha�or whicl+�hi� mortpq� is rcurify,
<br /> or wfd Prop�ifY iold w troruf�rr�d by drd, confract, opfim,�orm�nf,or dherwis�,wifhour opproval of o wpplsmental opplicalim f«aaumpfion of fhis ma-
<br /> tpap•and elw d�b�wid.nud�Mr•by,by fM Apocialion,or in car of foilun to duly oba��va md bs govemed by�6e provis�m�and�cmdilions oF rhe C6art�r,
<br /> {y-Lawt of wid Auxiefion,md rui�c and rpulofions of Th�F�d�rol Sovirps rnd Loon Sy�f�n,or if insurrd by mortgop�fo�urence corporofims,ro poy in cdd-
<br /> Ifien af fM opfion of tlr Atsociofion,fh�pnmiwm for wid inwranc�,or�he discov�ry by 1h�Aswciofim,n;�s offic�ra, fhor cny o�tho s�obm�nts cmfain�d
<br /> in tfi�opplicefion fa tFw(oon�x�cuNd by mortgcpon on folw, o :f n tox lien, odditiwwl morfgep�, m�chanics�i�n,or oth�r encumbronca is fil�d o�ncwd
<br /> �wF�lcl�iapora c li�n opaimf fM abow d�tcribW nol ptof�,�h�n 1Vv whol�oF qid indebf�dnyi r�muinirg�npnid ihall or rhe op�im of th�wid Aswciotim,
<br /> b�co�dw and pay�l.wi�hou�nacu,rim�b�inp th��wnu of H+ic caNracf.
<br /> Should morfpopora�oil fo ke�p th�buildinpa inwred, os h�rain apned,or fo�l lo poy r�oi ntof��axes and sp�ciol oxrac�.r��a on ehe aoia morrgcip�d pro-
<br /> P«�Y�'�����+qwncy,mongcge�moy�ff�ct sa�d insuronc�, poy toxa�ond insuronu p��mivm�, ond atl soch poymeors, wi�h inr�rot m pro�fd�d in rh�Fint
<br /> �nO�tlpap�naf�MGurW by thif moflyup�,shall b�a li�n upon wid promise�and s�cur�d her�by.
<br /> Tlr wwrlpapon lw�by nlinpui�h oll honrtt�od and mari�al ripMts of ev�ry kind in md ro ehe said pr�miws.
<br /> Fer th�pwpa�d iwnithiro fwfMr rcuri�y Fu eh�d�bt Ncur�d h�r�by,TVr nwnyepws h�r�bY aiaign,trontf�r ond ve ov�r to�M mon9op�e,ro be oppli�d � i
<br /> teword fFr poyiw�nf d fir�ol�and ali oflw wm�a�wr�d 1»r�bY, in cor of a d�fauh in fh�p�rformonp o(my of eV�iKnr o�d candi�iona of thia morlgup�cr ' #
<br /> Mr�dd woN.all fM e�nfs,r�v�nuw.a�d incw'r 10 b�d�riwd iron.fM mangep�d premi�ss during wch lim�m rlr mornpap�inMbNdne�a ahol l r�.rwin unpaid; '.
<br /> �d N+�mer�y�r dwll I�w�p�w�r b�ppoiM mY ep�n1.or�pwN�. Il mvy d�sin ior fhe pu�poas of r�pairi�p wid pr�mi�ea mid o(r�ntirp rh�wnr ond coll�c�- .
<br /> 1 M�O Mr�Ma,hv�nu«,md I�coin�,ond if moy poy out d wid inco��oll expmu�s of rapo���rp wid pnmise�ond n�cwuwy co�nmiKion�, ond�xp�nra iacurnd �
<br /> in nnflro aad Iwonepi�p ffy�a�y,and efcoll�diro r�Mab NMr�;tFrbolona�vmoi�inp if ony.�06�q�pli�d tw�wd H+�dis<hmg�ofw:d mwtgeiy�i�debt�d-
<br /> �wr.Mowp�yr dwll eoear+f fa wNs echielly m11��Nd ea!net fer IM r�ntel va7w ef wid pr�miw. ,
<br /> �f Mr'^arbr�d�.r yw.�d A...by b�pu.�anh�d er imw�d unaM.�M S.r.,tc.�n's R�adjusfm�nt Acf,os amend�d,wch Act on6 Rep..�ar�ons�aw�d thr�-
<br /> u+�r�M dYVc�en M.�dd��w�ei shalt go+•wn Me rtyM, dufi�s oad!Iati!?ti�a d ths partiea Fmretc, ond m.��i c.;a�u,a�4 i�.�o w,.thr� .�,.i�w��.��u .�r..,�.a
<br /> in wnmctian wifh�eld tnd�bNbws rhich ar�inmmiWnt wifh wid Act or Rpule�iorw or�Is�nbv am�nd�d ro centarm ri.�r�ro.
<br /> Tlv��rwr urd ro irtpwr.s�y af rVr poni�s h.r.Iw d,ell b�d.�nwd ro includ�fh�Fti:n,r�pr�rnYorivp,w<c�rp�s and msigns o( said por+�s�,md rh�
<br /> I�r'w"Mmrpyor"�Ml1.Ho ieclud�any lew�ful owur. Iwldw w PI�alyor of my i�d�be�rwa rwr�d Vrnby.
<br /> L-9 4w.7-IS (rwab�•)
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