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l'-' 700054
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<br /> MORTGAGE
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<br /> MORTCAGC LOAN NO. 121,970
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<br /> !..y„,..,' KNOWALLMENBYTHESEPRESENTS:That Richard Lee Ryder and Darlene. Kay Ryder, each in his
<br /> and,her own right and as spouse of each other
<br /> Mortgagor,whether one or more,in consideration of the sum of '
<br /> Thirty-seven •Thousand Six Hundred and No/100
<br /> DOLLARS
<br />• loaned to said mortgagor by,.The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 376 shares of stock of
<br /> i7,'''.''-.•.,
<br /> said ASSOCIATION,Certificate No.L 21,970 do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> A,`,,,' described real estate,situated in Hall County,Nebraska:
<br /> T.,",,"
<br /> VLOT SIXTEEN (16) IN RAVENWOOD SUBDIVISION, .
<br /> f BEING A PART OF THE S2 OF SE4 OF SECTION 13,
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<br /> TOWNSHIP 11 NORTH, RANGE 9 WEST OF THE 6TH -
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<br /> P.M., HALL'COUNTY, NEBRASKA.
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<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> a - 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 /> '146 i , 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 the bond secure t ereby before the same shall become delinquent;to furnish approved
<br /> .r insurance upon the buildings on said premises situated in the sum of S 3/,600.00 payable to said ASSOCIATION and to deliver to said
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<br /> ]f t : ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises;
<br /> n" In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgageeahall,
<br /> v,..Z1,..;-•,, on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets overto the
<br /> mortgagee alt the 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 the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br /> u the same and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premises and necessary
<br />..,1;,'„;,_•,,:',•:‘ commissionsand expenses incurred in renting and managing the same and of collecting rentals therefrom;.thebalance remaining,ifany,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 /> 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 /> 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 /> and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of S 37,600.00 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 37,00 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 A,SOClATION;then these presents shall become null and void,otherwise they
<br /> shall remain in full force and may be 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 lsland,Nebraska,become immediately due and payable without
<br /> 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 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 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 theBondsecured 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 sameas 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 .}»,'I day of r, ,
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<br /> -Richard Lee Ryder. Darlene Kay Ryder
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<br /> STATE OF NEBRASKA, ,,,
<br /> Y COUNTY OF HALL}as. On this day of Fr �«,• 19 7(F ,before me,
<br /> the undersigned,a Notary Public in and for said County,personally came
<br /> Richard Lee Ryder and Darlene:Kay Ryder, each in his and her own
<br /> right and as spouse of each other who are personally known to
<br /> t me to be the identical person s whose name s affixed to the above instrument as mortgagor s and they severally
<br /> acknowledged the said instrument to be their voluntary act and deed.
<br /> WITNESS my hand and Notarial Seal the date aforesaid.
<br /> My Commission expires ..r_y<•a ,f 0. -- ✓� / 7
<br /> f I ENERAt NOTARY-Slate of Nebr. y Notary Public
<br /> c 3732M LONNIE K.SCHMID
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<br /> i My Comm.Er;:.Jan.2n.593o
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