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<br /> MORTGACE
<br /> r MORTGAGE LOAN NO. L Z2�H43
<br /> R KNOW ALL MF,N BY THESE PRGSENTS:That G1 en A. Spi dl e, Sr, and Emma E. Spi dl e, each 1 n fil S dtld
<br /> her own right and as spo4se of each other
<br /> � � � Mortgagor,whether one or more,in consideration of the sum of � .
<br /> Sixteen Thousand five Hundred and No/100------------------------------------------ ��LARs
<br /> . . loaned.to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 165 shares of stock of . . .
<br /> � �� said�ASSOCIATION, CertiFicate No.L. 22,843�� ,do heceby grant, convey and mortgage unto the said ASSOCIATION the following . .
<br /> described rea!estate,situated in Hall County,Nebraska: . " �
<br /> THE WEST ONE HUNDRED TWENTY EIGHT (128) FEET OF THE NOftTH SIXTY FIVE (65) FEET OF LOT
<br /> SEVENTEEN (17) OF THE COUNTY SUBDIVISION OF THE WEST HALF OF THE SOUTHWEST QUARTER (WZSW4) OF
<br /> r SECTION FIFTEEN (15) IN TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., AS
<br /> SURVEYED, PLATTED AND RECORDED, ALSO KNOWN AS: THE WEST ONE HUNDRED AND TWENTY EIGHT (128)
<br /> FEET OF THE FOLLOWING DESCRIBED PROPERTY T0-WIT: COMMENCING AT A POINT ONE HUNDRED FEET NORTH
<br /> OF A POINT 232 RODS NORTH OF A POINT 33 FEET EAST OF THE SOUTHWEST CORNER OF SECTION FIFTEEN
<br /> (15), TOWNSHIP ELEVEN (11) NORTH OF RANGE NINE (9) WEST OF THE 6TH P.M. , THENCE FROM THE FIRST
<br /> NAMED POINT (SAID POINT BEING THE EAST BOUNDARY LINE OF THE COUNTY ROAD ADJOINING) RUNNING
<br /> THENCE NORTH ALONG ON THE EAST BOUNDARY LINE OF SAID ROAD FOR A DISTANCE OF SIXTY-FIVE (65)
<br /> FEET, THENCE EAST RUNNING AT RIGHT ANGLES WITH SAID EAST LINE BOUNOARY OF SAID ROAD FOR A
<br /> DISTANCE OF SIXTEEN (16) RODS, THENCE SOUTH PARALLEL WITH SAID EAST LINE OF SAID ROAD FOR A
<br /> DISTANCE OF SIXTY FIVE (65) FEET, THENCE WEST TO PLACE OF BEGINNING FOR A DISTANCE Of SIXTEEN
<br /> RODS, BEING A RECTANGULAR PIECE OF GROUND, SIXTY FIVE FEET 'rJIDE NORTH AND SOUTH AND A DEP7H
<br /> OF 128 FEET EAST AND WEST, IN HALL COUNTY, NEBRASKA.
<br /> � together with all the tenements,hereditamen�s and appurtenxnces d�ereunto belonging,including attached floor coverings,all window screens, ��� - �
<br /> � window shades,blinds,storm windows,awnings,heating,air wnditioning,and plumbing and water equipment and accessories thereto,pumps,stoves, -� � �� �
<br /> '` � � refri�erators,and uther fixtures and equipment now or hereafter attached to or used in connection with said real estate. �� �� � . � � �� .
<br /> And whereas the said mortgagor has agreed and does hereby aeree that the mortgagor sha11 and wili pay all taxes and assessments levied or � -� � . � ���
<br /> assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinyuent;to furnish approved . �
<br /> �insurance upon the buildings on said premises situated in the sum of S 16�5��.�� payable W said ASSOCIATION and to deliver to said � . � . . .�
<br /> ASSOCIATION[he policies for said insurance;and not.to commi[or permit any waste on or about said premises, . � � . �
<br /> In case uf default in the performance of any of the terms and conditions of Ihis mortgage or Ihe bond secured hereby,[he mortgagee shall, �� �
<br /> on demand,be entitled to�immediete pussession of rhe mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the . . � �
<br /> murtgagee aD tlie rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain � . � .
<br /> unpaid;and the mortgagee shall have[he pvwer to appoint any agent or agents ii may desire for the purpose of repairing said premises and rentu�g � �
<br /> the same and collecting the rents,revenues and income,and it may pay out of sxid income all expenses of rcpairing said premises and necessazy � � � � �
<br /> cammissions and expenses incurred in renting and managing the sume and of collecting rentals therefrom; the balance remaining,if any,to be �� � � .� � �
<br /> applied toward the discharge of said mortgage indebtedness;these rights ot[he mortgagee may be exercised at any time during the existence of such �
<br /> � default.,irrespective of any temporary waiver of[he same. , � � _ . .
<br /> These Presents,however,are upon the Condition,That i!the said Mortgagor 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 befare � � ��
<br /> the Twentietll day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage �� � � �
<br /> and the Sond secured thereby,beFore delinquency;furnish approved insurance upon[he buildings thereon in[he sum of 516��jOQ,QQ payable � " � �
<br /> to said ASSOCIATION;repay to said ASS(�IATION upun demxnd all money by it paid fur such taxes,assessments and insurance with interest at � . .
<br /> . the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep end comply � . � .
<br /> . with all the agreements and conditions of the Bond for S I.E).5��.�� tliis day given by the said hfortgagor to said ASSOCIATION,and comply �. � � � � -
<br /> � wi[h aIl the ceyuiremenis of the Consti[ution and ByLaws of said ASSOCIATION;then these presents shall become nulJ and void,otherwise they � �� �
<br /> . shall remain in fuil force and may be foreclused at tlie option of the said ASSOCIATIOA` after failure for three munths to make any of said� � � � � . ��
<br /> payments or be fhree months in:+rrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bund; . � � � �
<br /> �;. . . and Mortgagor agrees to heve a receiver appointed forthwith in sucli foreclosure proceedings. � . . � . .
<br /> If there is any change in ownership of lhe real es[ate mortgaged herein,by sale or otherwise,then [he entire remainin� indebtedness hereby � � �
<br /> secured shall,at the option of The l:quitable Iiuilding and Loan Association of Gxand Island,Nebraska,become immediatety due and paya6le without � �
<br /> �!'urther notice,and the amount remaining due under said 6ond,xnd 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,and this mortgage may then be foreclosed to satisCy[he amount due on said �� � � � . ��
<br /> bond,and any other bond for additionat advxnces,toge[her with all snms paid by said The Equitabie BuilJing and Loan Association uf Grand Island, � .. . .
<br /> � Nebraska for insurance,taxes and assessments,and abstracting extension cl�iarges, with interest thereon, from date of payment at the maximum �. . � .
<br /> legal ra[e.
<br /> . As�covided in th� Bord sccurad hereby,while[his mortgage remains in e(fect the murtgagee may hereafter advance additional sums to the . . � � . �. � .
<br /> � makers af said Bond,[heir assigns or successors in interest,which sums shal!be within the security of this morigage the same as the funds originally �. � � � .
<br /> � secured thereby,the total amount of principal debt not lo exceed at any time the original amount of this tnortgage. � � �
<br /> Dated this � 13/th /-. day of October A.D.,19 J�
<br /> �'//! i% .�J!.. Yi C-� 1"/.
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<br /> en , p �e✓ r}p . /,
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<br /> Emma E. Spidle
<br /> STATE OF NEBRASKA,1 `� � �
<br /> COLlNTY OF HALL� ss. On this 13$h day of Octo ber 19 J] ,before me, ' � , '�
<br /> � � � � the undersigned,a Notary Public in and for said County,persoually came � . 7r� ',`+
<br /> G1en A. Spidle, Sr. and Errma E. Spidle, each in his and her own riqht and as spouse of s�'
<br /> � edCh Oth2t" �`'hO dY'E personally known to , '�.";
<br /> ... . �me to.be the identicxl persor6 � � whose name S c.P2 affixed to the above instrument as mortga�or 5 and 'thC'y severally .
<br />� acknowledged the said instrument to be th27 T' voluntary act and deed. ' ""' `'
<br /> � WiTNESS my.hand and Notanal Seal the date aforesaid. �� � ;� � � .
<br /> M Commission expues ' . . - x-^ `' ; /
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<br /> a ; . � . 8+`�il�a�.'�'._� R.y Cor�rz E.,�Supt I ��Sl � . ' �
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