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<br /> MORTGAGE
<br /> Mo�Tcncr Low�vr�o. L ,815
<br /> � r icxowALL MErr sv T[-[�sE rx�sexTs:Tita� Everett M. Pool and Marlene M. Pool, each i n hi s and her
<br /> own right and as spouse of each other
<br /> ) � � � � Mortgagor,whether one or more,in wnsideration of the sum of .
<br /> Thirty-Four Thousand and NO�ZOO-------------------- DOLLARS
<br /> � �loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mor[gxgee,�pon 340 shares of stock of � �
<br /> k said ASSOC[ATION,Certificate No. L 22�815 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following � . �
<br /> . described real es[ate,situated in Hall County,Nebraska: � . � � ..
<br /> , PART OF LOTS ONE �1) AND TWO (2) IN SUNSET SUBDTVISION BEING A PART OF THE NORTH HALF OF 7HE
<br /> NORTHEAST QUARTER (N�ZNEq) OF SECTION ELEVEN (11), TOWNSHIP ELEVEN (11), NORTN RANGE TEN
<br /> (10) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA AND MORE PARTICULARLY DESCRIBED AS
<br /> FOLLOWS:
<br /> BEGINNING AT A POINT THIRTY THREE (33.0) FEET SOUTH AND SIXTY (60.0) FEET EAST OF THE
<br /> NORTHWEST CORNER OF SAID SUNSET SUBDIVISION, RUNNING THENCE EASTERLY ONE NUNDRED
<br /> EIGHT AND SIXTY-FOUR HUNDREDTHS FEET {108.64' ); THENCE TURNING AT RIGHT ANGLES AND
<br /> , RUNNING SOUTHERLY AND PARALLEL TO THE EAST LOT LINE OF LOT ONE (1) A DISTANCE OF TWO
<br /> + HUNDRED SEVENTEEN FEET (217.0) THENCE TURNING AND RUNNING WESTERLY A DISTANCE OF ONE
<br /> HUNDRED EIGHT AND SIX7Y-FOUR HUNDREDTHS FEET (108.64' ) THENCE TURNING AT RIGHT ANGLES
<br /> AND RUNNING NORTHERLY TWO HUNDRED SEVENTEEN FEET (217.0') TO THE POINT OF BEGINNING.
<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging, including attached floor coverings,all window screens, ,
<br /> window shades,btinds,siorm winduws,awnings,heating,air conditioning,and plumbing and waterequipmen[and accessories thereto,pumps,stoves, � . �
<br /> refrigerators,and other fixtures and equipment now or hereafter attached tu or used in connection with said real estate. � . � � �
<br /> And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and wiil pay all taxes and assessments levied or � ��
<br /> , assessed upon said premises and upon this mortgsge and ihe bond secured thereby betbre the same shall become delinquent;to furnish approved
<br /> . . insurdnce upon the buildings on said premises situated in the sum of S 34,���.�� Payable to said ASSOCIATION and to deliver to said � � �
<br /> . � ASSOCIAT[ON the policies for sxid insurance;and not to cotnmit or pennit any waste on or about said premises; �
<br /> � In case of default in the per(ormance of any uf the terms and conditions of this mortgege or tlle bond secured hereby,the mortgagee shall, . . �� .
<br /> on demand,be entitled ro immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets uver to the � � .
<br /> mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shatl remain � � �
<br /> y unpaid;�and the mortgagee sh�tl have the puwer tu appoint any agent or agents it may desire for the purpuse of repairing said premises and ren[ing � .� � �
<br /> the same and collecting the ren[s,revenues und income,and it may pay out of said income all expenses of repairing said premises and necessery � . � � . .
<br /> commissions and expenses incurred in renting and munaging the same and of cullecting rentals therefrom; the balance remaining, if any,tu Be �. . � � � � �
<br /> � applied toward the dischargz of said mortg�ge indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such - �� �
<br /> defaul[,irrespective of any temporary waiver oC the same. � . �. �
<br /> These Yresencs,however,are upon the Condition,That if the said�9ortgagar shall repay said loan on or before d�e maturity of said shaces by � � � � .
<br /> payment;pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or before � � �. �
<br /> � the Twzntieth dny of each and every month,until said Ioan is fully paid;pay all taxes and assessments levied against snid premises and on this Mortgage �. . �.
<br /> and the Bond secured Uiereby,bef'ore delinquency;Curnish approved insurance upon the buildings thereun in Uie sum of 5 34���Q•�� payable � . � � �
<br /> to said ASSOCIATION:repay tu said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at � � �. .� .��
<br /> - the maximum legal rate thereon trom datz of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply . � � �. . �
<br /> ' � with all the ngreements and conditions of the Bond for S 34,OOO.OOthis day given by the said Mortgagar to said ASSOCIATION,and comply � �
<br /> � with all the requirernents ot the Constitution and By-Laws of said ASSOCIATION; then these presents shull become null and void,otherwise they � � - � . ��
<br /> � shall remain in ful2 force and may be foreclosed at the option oC the said ASSOCIATfON 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 conditions of said Bond; � �
<br /> ¢�.�� and tvfortgagor agrees to have a receiver appointed forthwith in such foreclosure 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 uption of The Fquitable Building and Loan Association of Grand lsland,Nebraska,become immediately due and payable without � �
<br /> � turther notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the �
<br /> �- date of exercise of said option,bear interest at the maximum legal rate,xnd this mortgage may then be foreclosed to satisfy the amount due on said � � � � .
<br /> bond,and any other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grxnd Island. . _
<br /> . Nebraska for insurance,taxes and assessmen[s,and absiracting extension charges, with interest thereon, from date of payment at the maximum � - � �
<br /> legalrate. � . � �
<br /> As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the � � �
<br /> makers o(said Bond,their assigns or successors in interes[,wh3ch sums sha11 be within the 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 /> � Dacea in�s ���19 ;�day of September A.D.,i977
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<br /> vere . o0 -�-�
<br /> �}'1-,�n iT ',�_,n. �1/-1� '^`T'�`-'�`
<br /> t Marlene M. Pool
<br /> STATE OF NEBRASKA,�ss. On this ZQth day of September 19 ]7 ,before me, „,,y,
<br /> COUNTY OF HALL � �`��`.
<br /> the undersigned,a Notary Public in and for said County,personally came �'"� � N �
<br /> Everett Pool and Marlene M. Pool, each 5n his and her own right and as spouse o-f each �
<br /> Oth � � � � WhO a re Personaliy known to �
<br /> � .�, P(IC6[� "
<br /> � a�e 1}aa,W'G�3.'.tft}c�j� whose name S are affixed to the above instrument as mortgagor y and thgy severally �� �
<br /> knoyi!Tg�ged the s8�'lnstru ent to be thei r voluntary act and deed.
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<br /> �NO t A4tWl7'NQSS,�tM�hand an.d NotariaJ Sea!the dxte atoresaid. � ��
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