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<br /> 76- 001086
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO.L 22,012
<br /> KNOW ALL MEN BY THESE PRESENTS:That Ronald D. Bond and Gail J. Bond, each in his and her own"'
<br />+;: right and as spouse of each other, Mortgagor,whether one or more,in consideration of the sum of
<br />;x: Thirty-nine Thousand and No[100 DOLLARS
<br />+' loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 390 shares of stock of
<br /> said ASSOCIATION,Certificate No•L 22,012 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County,Nebraska:
<br /> A TRACT OF LAND IN THE NORTHEAST QUARTER OF THE NORTHWEST QUARTER (NE;NWtr) OF
<br /> SECTION FOURTEEN (14), TOWNSHIP TWELVE (12) NORTH, RANGE NINE (9) WEST OF THE
<br /> 6TH P.M., HALL COUNTY, NEBRASKA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br /> BEGINNING AT THE NORTHEAST CORNER OF SAID NORTHWEST QUARTER (NWI); THENCE
<br /> RUNNING SOUTH ON THE EAST LINE OF SAID NORTHWEST QUARTER (NWI;) A DISTANCE OF
<br /> TWO HUNDRED SIXTY-FOUR (264) FEET; THENCE RUNNING WEST PARALLEL TO THE NORTH
<br /> LINE OF SAID NORTHWEST QUARTER (NW;) A DISTANCE OF ONE HUNDRED SIXTY-FIVE (165)
<br /> FEET; THENCE RUNNING NORTH PARALLEL TO THE EAST LINE OF SAID NORTHWEST QUARTER
<br /> (NW4) A DISTANCE OF TWO HUNDRED SIXTY-FOUR (264) FEET TO THE NORTH LINE OF SAID
<br /> NORTHWEST QUARTER (NW4); THENCE RUNNING EAST ON THE NORTH LINE OF SAID NORTHWEST
<br /> QUARTER (NW;) A DISTANCE OF ONE HUNDRED SIXTY-FIVE (165) FEET TO THE POINT OF
<br /> BEGINNING; AND CONTAINING 1.00 ACRE, MORE OR LESS, OF WHICH 0.15 ACRE, MORE OR
<br /> LESS, IS COUNTY ROAD RIGHT-OF-WAY.
<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> 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 /> • 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 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 39,000.00 payable to said ASSOCIATION and to deliver to said
<br /> 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 to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> mortgagee all the tents,revenues and income to be derived front 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 /> 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 /> commissions and expenses incurred in renting and 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 mottgagee 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
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<br /> and the Bond secured thereby,before delinquency:furnish approved insurance upon the buildings thereon in the sum of S 39,000.00 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 nu waste on said premises;keep and comply
<br /> with all the agreements and conditions of the Bond for S 39 000.00 this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> with all the requirements of the Constitution and By-Laws ofsaidASSOCIATION;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 Island,Nebraska,become immediately due and payable without
<br /> further notice,arid 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 prosided 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 /> B
<br /> ated this 2nd. day of March A.O.,19 76
<br /> J JJ / ,
<br /> Ronald D. Bond Gail J. Bond
<br /> STATE OF NEBRASKA. ss On this 2nd day of March 19 76 ,before me,
<br /> COUNTY OF HALL
<br /> r• the undersigned,a N to Public in
<br /> and for said County,personally came
<br /> ,. Ronald D. Bond and Gail J. Bond, each in his and her own right andas spouse of each
<br /> other, . -�-=" '�, who are personally known to
<br /> " \`
<br /> 4 L. L 4 r,.-91,'?.
<br /> me to be the identical persor6 whose na r$ il'ite o the above instrument as mortgagor and they severally
<br /> acknowledged the said instrument to be t I.<-vnluntai.'dc a d.
<br /> WITNESS my hand and No Seal thedite iforeaid. 4//r
<br /> My Commission expires 2)- f/7� : /' ��i C3 --(94,,f.,(---/4/-
<br /> Notary
<br /> ��L,(- -
<br /> -_ ///���.�r� Notary Public
<br /> 3-73-2M 'k.rrl,y�'•...�'..•• -•
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