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<br /> 77-�05648
<br /> MORTGACE
<br /> MORTGAGE LOAN NO. � 2282�
<br /> � KNOW ALL MEN F3Y THESE PRLSENTS:That Mi chael �7. ��Connel l and Anna �. �'Connel 1, each l YI
<br /> his and her own right and as spouse of each other
<br /> � � Mortgagor,wheiher one or more,in consideration of the sum of � � �
<br /> Thirty Ttiree Thousand Five Hundred and No/100-------------------------------------DOLLArzs
<br /> loaned to said mortgxgor by The Equitable Building and Loan Associution of Grand]sland,Nebraska,Mortgagee,upon 335 shazes of stock of
<br /> uid ASSOCIATION, Certificate Nu.L 22$2] ,do hereby grant, convey and murtgage unto the said ASSOCIATION the fullowing
<br /> � described real estate, situxted in 19all County, Nebrasku: � . �. . � � . ..
<br /> A TRACT OF LAND SITUATED IN THE NORTH HALF OF THE NORTHWEST QUARTER (NZNW4) Of SECTION
<br /> TWENTY SEVEN (27), IN TOWNSHIP TWELVE (12) NORTH, RANGE NINE (9), WEST OF THE 6TH P.M.
<br /> MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT A POINT ON THE WEST LINE OF
<br /> SAID SECTION 27 WHICH POINT IS LOCATED 315.0 FEET SOUTH OF THE NORTHWEST CORNER OF SAID
<br /> SECTION 27, RUNNING THENCE SOUTH ALONG AND UPON THE WEST LINE OF SAID SECTION 27 A DISTANCE
<br /> OF 106.55 FEET, RUNNING THENCE EAST A DISTANCE OF 645.6' TO AN IRON STAKE SI7UATED 423.55'
<br /> SOUTH OF THE NORTH LINE OF SAID SECTION 27, RUNNING THENCE NORTH A DISTANCE OF 106.55' TO
<br /> AN IRON STAKE, RUNNING THENCE WEST A DISTANCE OF 645.0' TO THE POINT OF BE6INNING, NOW KNOWN
<br /> AS LOT FIVE (5) OF "ED ROSS SUBDIUISION N0. 3"
<br /> together with all the tenements, hereditaments and appurtenxnces thereunto Uelonging,including at[ached floor wverings,all window screens, . � �
<br /> window shades,biinds,slorm windows,awnings,heating,air conditioning,end plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> ref'rigerators,and other fixtures and equipment now or hereafter attached to or used in connection wiih said real esta[e, � .
<br /> And whereas the said mortgagor Las agreed and does hereby agree that the morcgagor shall an�will pay all taxes and assessments levied or �� � � � �
<br /> �� assessed upon said premises and upun this mortgage and the bond secured thzreby befbre die same shall becorne delinquent;to furnish approved � � .
<br /> insurance upon the buildings on said premises situated in tlte sum of S 33�5��.�Q payable to said ASSO(:IATIQN and to deliver Co said .
<br /> � ASSOC(ATIOM the policies for said insurance;and not ro commit or permit any waste on or about said premises: �� . . .
<br /> � In case of defaalt in the performance uf any of the terms and conditions of tl�is mortgage or the bond secured hereby,the mortgagee shail, . � . �
<br /> � on demand,be entided to immediate pussession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over tp the �
<br /> mortgagee all the rents,revenues and income to be derived frmn the mortgaged premises during such time as the tnurtgage indebtedness shall remain � �
<br /> unpaid;and the mor[gagee shall liave the power to appoint any agent or agents it mxy desire for the purpose of repairing said premises and rencing , � . .
<br /> Ihe same and collecting the rents,revenues and incume,and it may pay out of' said income all expenses of repairing said premises arid necessary ..
<br /> � commissions and expenses incurred in renting and managing the saine and of collecting rentals therefrom; [he balance remaining, if any,to be .
<br /> applied toward the ciischarge of said mortgage indebiedness;these rights of the mortgagee may be exercised at any time during the existance of such . �
<br /> x . default,irrespective of any tempurary waiver of the same. � � �
<br /> These Presents,however,are upon the Candition,That if the said Mortga�or 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 principai un said loan,on or before . �
<br /> � the Tweniieth day of racli and evcry month,until said lnan is fully paid;pay all taxes end assessments levied againsi said yremises anA on this Mortgage �
<br /> and the Bond secuted thereby,before delinyuency:turnish approved insurance upon the buildings thereon in the sum of 5 �3�rj��.�. P�Yable � � . �
<br /> � to said ASSOCIAT[ON;repay to said ASSOCIATION upon demend all money by it paid fur such taxes,assessments and�nsurance w��interest at � � ,
<br /> - - the maximum legal rate tliereon 1'rom date uf payment alt of which Mortgagor hereby agrees[o pay;permit no wasxe on said premises;keep and comply . ..
<br /> with all the agreements and conditions o(the Bond for$3$ 5��.�� this day given by the said Alortgagor to said ASSOC1A170N,and compty � .. � .
<br /> with all the requirements of the Constitution and By-Laws o�saiil ASSOCIATION;then these presen[s shall become nuli and void,otherwise they
<br /> shall remain in full force and rnay be foreclosed at the uption of the said ASSOC(ATION after failure for Uiree munths to make any of said � .
<br /> puyments or be three rnonths in arrears in making said monthly paymenxs,ur to keep and comply with ihe agreements and conditions of said Bond; � . . �
<br /> � and Mortgagor agrees to have a receiver appointed forthwith in such torec7osure proceedings. � ��
<br /> � . If there is any change in ownership of the real estate martgaged herein,by sale or othenvise, then the entire remainir.g indebtedness hereby � � �
<br /> secured shall,at the option of The Equitable Building and Loan Associa[ion of Grand lsland,Nebraska,become immediately due and payable without . �
<br /> furlher notice,and the amount remaining due under suid bund, and at�y other bond for xny additional advances m�de thereunder,shall,from the ,
<br /> date o(exercise of said op[ion,bear interest at the maximum legal rate,and this murtgage mxy then be foreclosed to satisfy the amoun[due on said . �
<br /> . � bond,and any otlier bond(or additional advances,together with all sums paid by said The Equitable Building and Luan Association of Grand Island, .
<br /> Nebraska (ar insurance,[axes and assessments,and abstracting extension charges, with interest thereon, from dxte uf payment at tlie maximum .
<br /> legal ra[e. �
<br /> � As provided in the Bond secured hereby,while this mortgage remains in etfect the mortgagee may hereaf�er 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 tolal amount of principal debt nut ro exceed at any time the original amount of this murYgage. .
<br /> acea c gt aay oe September A�n��ly 77
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<br /> i c e ne �;� ,
<br /> -i r � ��
<br /> Anna L. 0'Connell
<br /> STATE OF NEBRASKA,i """*+!
<br /> ss: � On tlus 28th day of September 19 ]� ,before me, � � k =�
<br /> COL'NTY OF HALL�
<br /> � . . . the undersigned,a Notxry Public in and for said County,personally came � �
<br /> LMichael J. 0'Connell and Anna L. 0'Connell, each in his and her owr�right and a�s ���u�e � f
<br /> � � Of�EdCh O�th2Y'�� � �' � pers na o nto
<br /> are �;
<br /> � � me to be the ide�ntical person S whose name S a re affixed to the abave instrymg'nt as ortgagor5 and „�y severally
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<br /> acknowledged the said instrument xo be th�l r volun[ary act anai deed. � i�� ,�-
<br /> � . � WITNESS my hand and Notarixl Seal the date aforesaid. �� ,i� � "� I .���,. � �
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