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<br /> ; " 76, 000350 ,, .,
<br /> '
<br /> m . MORTGAGE: T
<br /> MORIGAGELOANNO. L 21,948
<br /> F'! KNOW ALL MEN BYTHESE PRESENTS:That Dennis P. Nelson and Judith J. Nelson, each in his
<br /> and her oWn'right and as spouse of each other, Mortgagor,whether one ormore,ill consideration ofthe sum of
<br /> tr Ten Thousand Four Hundred and No/100 DOLLARS
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 1 04 shares of stock of
<br /> Ali . said ASSOCIATION,'Certificate No.L 21,948 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> Y' described real estate,situated in Hall County,Nebraska:
<br /> ;; A TRACT OF LAND LOCATED IN THE WEST HALF OF THE WEST HALF OF THE
<br /> " SOUTHEAST QUARTER (W1/4W1/2SE�) OF SECTION THIRTY-FOUR (34), IN TOWN
<br /> r' SHIP'TWELVE (12) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., MORE'
<br /> PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST
<br /> CORNER OF THE WEST HALF OF THE WEST HALF OF THE SOUTHEAST QUARTER
<br /> • • (WiW1/2SE1/4) OF SAID SECTION 34; RUNNING THENCE NORTH PARALLEL TO THE
<br /> EAST LINE OF THE SOUTHEAST QUARTER (SE4), A DISTANCE OF 20 RODS;
<br /> THENCE EAST PARALLEL TO THE SOUTH LINE OF THE SOUTHEAST QUARTER
<br /> fes. (SEQ), A DISTANCE OF 8 RODS; THENCE'SOUTH PARALLEL TO THE WEST
<br /> ,i,.
<br /> C.- LINE OF THE SOUTHEAST QUARTER'(SE;), A DISTANCE OF 20 RODS; THENCE •
<br /> ' ' WEST A DISTANCE OF 8 RODS TO THE PLACE OF BEGINNING, CONTAINING
<br /> �,;t
<br /> . ONE ACRE, MORE OR'LESS.
<br /> t„
<br /> ,}r
<br /> r
<br /> 'c together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,allwindow screens;
<br /> i'. window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> -. refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br /> x,
<br /> - And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br /> assessed upon said premises and upon this mortgage and thebond secured thereby before the same shall become delinquent;to furnish approved
<br /> insurance upon the buildings on said premises situated in the sum of S 10,400.00 payable to said ASSOCIATION and to deliver to said
<br /> s. ASSOCIATION 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 this mortgage or the bond secured hereby,the mortgagee shall,
<br /> on demand,be entitled:o immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the . •
<br /> mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as themortgage indebtedness shall remain
<br /> 1;_,',. unpaid;and the mortgagee),&tall 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 collcctiog Lherents,revenues and income,and it may pay out of said incomeall expenses of repairing said premises and necessary
<br /> commissionsand expenses incurred in rentingand managing the same and of collecting rentals therefrom;the balance remaining,if any,to be
<br /> applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such
<br /> _ default,irrespective of any temporary waiver of the same.
<br /> a:
<br /> These Presents,however,are upon the Condition,That if 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 before
<br /> il the Twentieth 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 /> a
<br /> and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of S 0,400.00 payable
<br /> ▪ to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for 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 and comply '
<br /> with all the agreements and conditions of the Bond for S 10,400.00 this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> with all the requirements of the Constitution and By-Laws of said ASSOCIATION;then these presents shall become null and void,otherwise they _
<br /> • shall remain in full force and maybe foreclosed at the option of the said ASSOCIATION 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 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,then the entire remaining indebtedness hereby
<br /> ' secured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br /> 4' further 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,and this mortgage maythen 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 Grand Island,
<br /> Nebraska for insurance,taxes and assessments,and abstracting extension charges,with interest thereon,from date of payment at the maximum
<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 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 total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> Dated this 21 .1
<br /> • day of January o. 19 76 ( •
<br /> Nei 'of n `� ` ` -` (
<br /> uen
<br /> i di Iitg d-. N@Ts0
<br /> P
<br /> t,• , STATE OF NEBRASKA 1,ss On this 21 St day y of January 19 76 ,before me,
<br /> the undersigned a Notary Public in and for said County,personally tame
<br /> Dennis P. Nelson and Judith J. Nelson, each in his and her own right and as spouse of
<br /> each-other, who are personally known to ,
<br /> me to be the ide pErsotk�tta;y whose name S are affixed to the above instrument as mortgagors and they severally
<br /> in. `Icknowiedge Oi%.i�Mneq. ' thei r. voluntary act and deed.
<br /> = ©eY WIWESS my!•hmt Not al Seal the date aforesaid-
<br /> 1 t�CdfitmfSlraa•entire P.G /f7�� T
<br /> l Notary Public
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