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<br /> MOR'tGAGE
<br /> MORTCAGELOANN0. � 22�93 M�I .
<br /> � KNOW ALL MEN BY T}iESE PRGSENTS:That Ron R. A1 exander a nd Wi nni e A1 exander, each '1 t7 fll 5 and
<br /> ' her own right and as spouse of each other
<br /> � � Mortgagur,whether one or more,in consideration of the sum of
<br /> ' Thirty-two Thousand Five Hundred and No/lOQ------------------------_______________
<br /> L)OLLARS
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand island,Nebraska,Mortgagee,upon 325 shares of stock of
<br /> said qSSOCIAT[ON, Certificate No.L ZZ7g3 MGIC do hereby grant, convey and mortgage unto the said ASSOCIATtON the following
<br /> described real estate, situated in Hall County,Nebraska:
<br /> THE CENTRAL W�ST FORTY-FOUR FEET (44' } OF THE SOUTHEAST QUARTER
<br /> OF ?HE SOUTHEAST QUARTER (SE4SE4), SECTION EIGHT (8), TOWNSHIP ELEVEN (11), NORTH, RANGE
<br /> NINE (9) WEST OF 7HE 6TH P.M. , AND WHICH IS MORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br /> GOMMENCI�iG AT A POINT FORTY-FOUR FEET SOUTH OF THE NORTHWEST CORNER OF A TRACT COMMONLY
<br /> KNOWN AS "HUSTON'S RESERVE" AND MORE PARTICULARLY DESCRIBED 1N DEED RECORDED IN BOOK 8b,
<br /> PRGE 237, RECORDS OF HRLL COUNTY, NEBRASKA, THE SAME BEING A PART OF THE SOUTHEAST QUARTER
<br /> OF TNE SOUTHEAST QUARTER OF SECTION EIGHT (8) IN TOWNSHIP ELEUEN {11) NORTH, RANGE NINE (9)
<br /> WEST OF THE 6TH P.M. , AND RUNNING THpNCE SOUTH ALONG THE WEST LINE OF SAID TRACT A DISTANCE
<br /> OF FORTY-FOUR FEET, THENCE EAST AT RIGHT ANGLES AND PARALLEL WITH THE SOUTH LINE OF SAID
<br /> TRACT A DISTANCE Of ONE HUNDRED THIRTY-EIGHT AND ONE-HALF FEET; THENCE NORTH AT RIGHT
<br /> f ; ANGLES AND PARALLEL WITH THE WEST LINE OF SAID TRACT, A DISTANCE OF FORTY-FOUR FEET; THENCE
<br /> WEST AT RIGHT ANGLES A DISTANCE OF ONE HUNDRED THIRTY-EIGHT AND ONE-HALF FEET 70 PLACE OF
<br /> BEGINNING, THE SAME BEiNG A RECTANGULAR TRACT WITH A FRONTAGE ON HUSTON STREET AND A DEPTH OF
<br /> ONE HUNDRED THIRTY-EIGHT AND ONE-HALF FEET, ALL IN GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> � together with all tlie tenements, he�editaments and appurlenances thereunto belonging,including at[ached floor coverings,all window screens,
<br /> . window shades,blinds,starm windows,awnings,heating,air conditioning,and plumbing and water eyuipment and awassories there[o,pumps,stpves,
<br /> . refrigerators,and other fixtures a��d equipment now or hereafter at[ached to ur used in connection with said real estate. ��
<br /> "; ' And whereas the said mortgagor has agreed and does hertby agree that the murtgagor shall and will pay all[axes and assessments levied or
<br /> . . �assessed upon said premises and upon this mortgage and the bond secu ed i reb ¢efore the same shall become delinyuent;to furnish approved � �
<br /> insurance upon the buildings on said premises situated in r.he sum of$ �Z���� �U payabte to said ASSOCIATION and to deliver [o said
<br /> . ASSOC[ATION the poLicies for said insurance;and not to commit or permit any waste on or about said premises; �. � ��
<br /> � In case of default in the performance of any of the terms and conditions of fftis mortgage or tlie bond secured hereby,Ihe mortgagee shall, �
<br /> � on demand,be en[itled to immediate possession u(the mortgaged premises and the mortgagor hereby assigns, trdnsfers and sets over ta the
<br /> mortgagee all the rents,xevenues and income to be derived fram the mortgaged premises during such time as the mortgage inde6tedness shall remain
<br /> � unpaid;and the moztgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting � � �
<br /> . . �the same and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premises and necessary � . � �
<br /> � � commissions and expenses incurred in renting and managing the same and of collecting rentals therefr�m; the balance remaining,if any,to be � .� � .
<br /> � applied toward tha discharge of said mortgage indebtedness,Ihese rights of'the mortgagee muy be exercised at any time during the euistence of such ' � ��
<br /> default,irrespective of any tempurary waiver oC the same, � �
<br /> - These Presen[s,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity uf s;�id shares by �
<br /> �payment;pay monthly to said ASSOCIATION oC ilte sum speci5ed in the Bond secured hereby as inierest and principal on said loan,on or before � � �
<br /> the Twentieth day of cach and every month,un[il suid loan is fully paid;pay all taxes and assessments levied against said premises an�i on this Mortgage � � �
<br /> / xnd the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of� 32�5Q0.QQ payable �
<br /> ' [o said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid tbr such taxes,assessments and insurance with inierest at
<br /> ; � � the.maximum legal rate thereon from date af payrnent all uf which Mortgagor hereby agrees to pay;pennit no waste on said premises;keep�nd comply � � � .
<br /> � wiih vll the agreements and conditions vf�he Bond fur$ 32�5��.��this day given by the said �lurtgagor W said ASSOCIATION,and comply � �
<br /> with all the reyuirements of the Constitution and I3y-Laws of said ASSOCIATION; then these presents shalt become null and void,otherwise they � � �� �
<br /> sha❑ remain in full force and may Ue foreclosed at the option of the said ASSOCIATION afier fuilure for three months to make any oC said � � �
<br /> . payments or be three mondis in a�rears in making said monthly payments,or to keep and comply with Ute agreements and conditions of said Bond; � �
<br /> : and Mortgagvr agrees to have a receiver appointed forthwith in such foreclosure proceedings. ' �
<br /> . . If there is any change in ownership of the rexl estate mortgaged herein,by sale or otherwise, ihen Yhe entire remaining indebtedness hereby � �� ���
<br /> secured shall,at ihe optiun of The Equitable Building end Loan Association of Grand Is1and,Nebraska,becume immedia[ely due and payable without � � �
<br /> . further notice,and the amount remaining due under said bond,and any other bond for any addiLional advances made thereunder,shall,from the � � � ��
<br /> da[e of exercise olsaid option,bear uiterest at the maximum legal rate,and this mortgage may then be fureclosed to satisfy the amoun[due on said � � �
<br /> �bond,and any other bond for additional advances,togetlier with all sums paid by said The Equitable Building and Loan Association of Grand Island, �� � � � .
<br /> Nebraska for insuranct,taxes and assessments,and abstracting extension cl�urges, with interes[ th�reon, from dace of payment at the maximum � �
<br /> legai rate.
<br /> � � ' � As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter adv�ence additionxl sums ro the � ��
<br /> � makers of sa.id Bond,their assigns or successors in interest,whicl�sums shatl bn within the security of this mortgage tlie same as the funds originally
<br /> i ; secured�thereby,tUe,qtotai amount of principal debt not to exceed at any time the original amount of this morYgage. -
<br /> Dated th/is�:H�G�.+57 �C�day of /cy 7 7 A.D.,19
<br /> �,�" ,����sn��,--,�__
<br /> Ron R., Alexander ��
<br /> - �'� 'c�;--�"�' '- �-��,,c�..sla�t.�..o n.,__
<br /> Winnie ATexander
<br /> STATEAF NEBRASKA, ss_ On this 26th da of `
<br /> COUNT'1 OF HALL� y AU9US t 19 �] ,before me, � » - „- �
<br /> � the undersigned,a Notary Public in and for said County,personally came � p+}'`�a�q""
<br /> Ron R. Alexander and Winnie Alexander, each in his and her own righ� and as spouse of each ' �"�
<br /> .Otf'IQP . ��: . � .. �� . � � . w o are personally known to I . . ���
<br /> me to be the identical persor5 whose name s are affuced to the above' � anent as mortgagor g and they severally J � .�+ ��
<br /> ��^ . :acknowledged the said�instrumeat W be the7 r � voluntary act and deed.
<br />� # J� ^�: t� � r � �'�NESS.,iz}y 1�and and Notarial Seal the date aforesaid. � i ,� ,�l
<br /> � � �+ .S � hty��osixmissio expi:es ,,- �� �. J/� �
<br /> M�r���� My 4qm�n,�w�. t:..1979 �,./1�i1�..,( f�_: /�� �
<br /> . a•1-2M w . � i . 1'�_ Notary Yublic
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