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<br /> MORTGACE
<br /> ^ MORTGACE LOAN NO L ZZ$Z9
<br /> IKNOW ALL MEN BY THESE PRESENTS:That Kenneth L Gei ken and Dol ores B. Gei ken, each 111 hl 5 dlld
<br /> her own right and as spouse of each other
<br /> � � � ___ Mortgagor_whether one or more,in consideration of the sum of � �. � �� � .
<br /> Sixteen Thousand and NO/ZOO-------------------- ---'---------"DOLLARS
<br /> loaned to said mortgagor by The�Equitable Building and Loan Association of Grand lsland,Nebraska,Mortgagee,upon 160 shares of stock of � � �. �
<br /> . said ASSOCIATION, Certificate No. L 2282g do hereby grant, convey and mortgage unto the said ASSOCIATION tpe ollowin � � � � . .
<br /> described real estate, situated in Hall County,Nebraska: A ti"dCt of 1 and compri si ng a part of Lot One `1� on �he . � �. �
<br /> '! Mainland of the Southwest Quarter (SW4) of Southeast Quarter (SE;) of Section Fourteen (14), Town-
<br /> ship Eleven (11) North, Range Nine (9) West of the 6th P.M, in Hall County, Nebraska, Described as
<br /> fol7ows: Beginning at the Northwest Corner of said Lot One (1) on the mainland of the Southwest
<br /> Quarter of the Southeast Quarter (SW;SE4); thence Southerly along and upon the West line of said
<br /> ' Southwest Quarter ot the Southeast Quarter (SW;SE;), a d�stance of Seven Hundred Twenty Seven and
<br /> 1 four hundredths (727.04) feet, to a point on the northeasterly right-of-way line of the C.B. & Q.
<br /> ! Railroad thence deflecting left 62° 12' and running southeasterly along and upon said nort�easterly
<br /> railroad R.O.W. , a distance of Two Hundred and Two (202.0) feet; thence deflecting left 35 07` and
<br /> running northeasterly a dastance of Two Hundred Seventy-Nine and Twenty-Two Hundredths (279.22) feet,
<br /> ` thence deflecting left 23 23' and running northeasterly, a distance of Two Hundred Twenty Two and
<br /> Eighteen Hundredths (222.18) feet; to the actual place of beginning; tf�ence continuing northeasterly ;
<br /> on the last described course, a distance of Ninety and twenty-seven Hundredths (90.27) feet; thence
<br /> " deflecting left 19° 00' and running nort�easterly, a distance of Fourteen and forty Eight Hundredths
<br /> (14.48) feet; thence deflecting right 73 48' and running southeast2rly, a distance of Two
<br /> ' Hundred Sixty Three and Seventy One Hundredths (263.71) feet; thence deflec�ing right 77d 72' and
<br /> ' running Southwesterly a distance of 100.0 feet; thence deflecting right 103 58' 30" and running No- ,
<br /> westerly a distance of 341.27 feet to the actual place of beginning, containing 0.641acres, mora� or
<br /> to ether wit}l dtl the tenemen[s,hereditaments and a eSS. �� �
<br /> g ppurtenances Ihereunto belonging,inciuding attached floor cuverings,all window screens, � �
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and piumbing and water equipment and accassories thereto,pmnps,stoves, �.� � �
<br /> - refrigerators,and other fixtures and eyuipment now or hereafter attached to or used in cunnectiat with seid real estate. � � � .
<br /> � � And whereas the said mortgagor has agreed and does hereby agree that the rnortgagor shal( and will pay all taxes and assessments levied or , � .
<br /> ' assessed upon ssid premises and upon this mortgage and the bond secured thereby before the same shall become delinquent;to furnish approved � � �
<br /> insurance upon the buildings on said premises situated in the sum o}'$ 1C,Q�n.00 payable to said ASSOCIATION and to deliver to said � ���
<br /> ASSOCIATION the policies for said insurance;and not to commit or permrt any waste on or about said premises; _ � �� .
<br /> In case of default in the performance of any of the terms and conditions of[his mortgage or tl�e bond secured hereby,the mortgagee shall, � . � �
<br /> p;�, on demand,be entitled to immediate possession of the mortgaged premises and the mortgagoc hereby assigns, transfers and sets over to the � � ��
<br /> , rnurtgagee all the renu,revenues and income ro be derived from the mortgaged premises during such time as thz moRgage indebtedness shall remain � � � � �
<br /> , unpxid;and the mor[gagee shall have the power to appoint any agent or agents it may desire fur the purpose 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 necessary � � � �
<br /> commissions and expenses incurred in renting and managing the same and of collecting ren[als therefrom; [he balance remaining,if any,to be � � .�
<br /> � applied toward the discharge of said mortgage indebtedness;these rights of the rtwrtgagee may be exercised a[any time during tlie existence of such
<br /> �,,. default,irrespective of any temporary waiver of the same. �
<br /> These Presents,howzver,are upon the Condition,That if the said Dfurtgagor shall repay said loan on or before the maturity of said shares 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 Twentieth day of each and evary month,until said loun is fully paid;pay all taxes and assessments levied against said premises and on Ihis Alortgage � .� .
<br /> and the Bond sewred thereby,before delinquency;furnish approved insurance upon tlie 6uildings thereon in the s-um of$ 16����.�� paya6le ��
<br /> [o said ASSOCfAT1UN;repay to said ASSOCIATION upon demand all money by it paid fur such taxes,assessme�ts and insurance with interest at � � �
<br /> the maximom legal rate thereon from date of payment all of which Mortgagor hereby agrees lo pay;permit no waste on said premises;keep and comply � �
<br /> with all tlie agreements and conditions of the Bond for S 1(����.Q�lliis day given by the said Alortgagor to said ASSpC1ATION,and comply � �
<br /> with all[he requ'uements of thn Constitution and By-Laws of said ASSOCIATION; then these presents shall become null and void,otherwise[hey �
<br /> � shali remain in full f'urce and may be foredo�ed at the option of the snid ASSOCIATION after failure fbr [hree mon[hs to make any of said .
<br /> � .. payments or be[hree months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond;
<br /> and Mortgagor 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, [hen the entire remaining indebtedness hereby �
<br /> secured shall,at the option oCThe Lquitable Building and Loan Association of Crand Island,Nebraska,become immediately due and payable without ` � �
<br /> further nvtice,and the amoun[ remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the .
<br /> � date of exercise oC said option,bear interest at the maximum legal ra[e,end this mortgage may then be foreclosed to satisfy the amoun[due on said
<br /> � bond,and any other bond for additional advances,together with all sums paid by said The Equitable I3uilding and Loan Association oFGrand Island, � �
<br /> , . Nebraska€or insurance,[axes and assessments,and abstrac[ing extension charges, wi[h interest thereon, from date of nayment at the ma�cimum �
<br /> . legal rate. � � �
<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 oC said Bond,their assigns or successors in interest,which sums shali be within the security of this mortgage the same as the funds originally � � �
<br /> � secured thereby,ihe total amount of principal debt not to exceed at any time the original amount of this mortgage. � � �
<br /> ated this 4th day of September A.D.,19]]
<br /> � i �.[G���` J�... -'�C`.'�-- �
<br /> �,�h L�ei, � ,n
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<br /> Dolores'B. Geiken
<br /> STATE OF NEBRASKA,1 *+;
<br /> COUNTY OF HALL� ss. On[his 29th �aY°f September 1977 ,before me, '�.� r,'''
<br /> � � . the undersigned,a Notary Public in and for said County,personally cume � '�� T
<br /> � Kenneth L. Ge�ken and Dol ores B. Gei ken, each i n hi s and her own r��ht are per�onalty knoWn c� � T
<br /> and a use of 'each other
<br /> . me t �� � rson g whose name s are affixed to the above instrument as mortgagor 5 and thQ�r severally ;
<br /> g�. � a� ,�WiR;c�gaE.iLe,se`Qg3r �„�c,�t��oe � thei r voluntary act and deed.
<br /> d�� � �4v�iFS y hand and Notarial Seal tne date aforesaid. ,,((�� 1 ,
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