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<br /> i. 76-00��'98
<br /> MORTCAGG
<br /> h�oaTcnce�onn No._ � 22.1 Ol ---
<br /> ( KNOWALLMENIIYTHESGP2GSBNTS:That John K. S. Dhillon and Susan H. A. Dhillun, each 111 h15 I
<br /> and as spouse of each other,
<br /> Murtgogor,whether one or mure,in consideretion of the sum of
<br /> ^ Ninetv-five Thousand and No/100------------------------------~----------------`--no�Lnizs
<br /> loaned to said mortgagor by The Gquitable Building and Loan Association of Crand Island,Nebraska,Atortgagee,upon 950 shares of stock o(
<br /> said ASSOCIATION,Certificate No.L 22,101 do hereby grant,convey anJ mortgage unto the said ASSO(:IATION[he fullowing .
<br /> described real estate,siwated in HaU Counry,Nebraska: A TRACT OF LAND COMPRISING A PART OF THE EAST HALf OF THE
<br /> � : NORTHEAST QUARTER (E�NEq) OF SECTION TWENTY THREE (23)> TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9)
<br /> =WEST OF THE 6TH P.M., IN HALL COUNTY, NEBRASKA MORE PARTICULARLY DESCRIdED AS FOLLOWS: BEGINNING AT
<br /> THE SOUTHWEST CORNER OF SAID EAST HALF OF THE NORTHEAST QUARTER (E!ZNE;); THENCE NORTHERLY ALONG THE
<br /> WEST LINE OF SAIO EAST HAIf OF THE NORTHEAST QUARTER (E2NE;) A DISTANCE Of 1,560.55 FEET; THENCE
<br /> ' EASTERLY ALONG A LINE 239.35 FEET NORTH Of AND PARALLEL TO THE NORTH LINE OF THE SOUTHEAST QUARTER
<br /> ; OF THE NORTHEAST QUARTER (SE',NE;), A DISTANCE OF 1,320.0 fEET TO THE EAST LINE Of SAID SECTION
<br /> ' ! TIJENTY THREE (23); THENCE SOUTHERLY ALONG THE EAST LINE OF SAID SECTION TWENTY THREE (23), A DISTANCE
<br /> ! OF 60.0 FEET; THENCE WESTERLY PARALLEL TO THE NORTH LINE OF SAID SOUTHEAST QUARTER OF THE NORTHEAST '
<br /> QUARTER (SE%,NE'4), A DISTANCE OF 233.0 FEET; THENCE SOUTHERLY PARALLEL TO THE EAST LINE OF SAID
<br /> ? SECTION TWENTY THREE (23), A DISTANCE OF 175.94 FEET; THENCE DEFLECTING RIGHT 37° 44' AND RUNNING
<br /> �' ' SGUTHWESTERLY, A DISTANCE OF 622.74 FEET; THENCE SOUTHERLY PARALLEL TO THE EAST LIP�E OF SAID SECTION
<br /> ' TWENTY THREE (23), A DISTANCE OF 247.84 FEET; THENCE DEFLECTING RIGHT 90°00' AND RUNNING WESTERLY,
<br /> : � A DISTANCE OF 125.0 FEET; THENCE SOUTHERLY PARALLEL TO THE EAST LINE OF SAID SECTION TWENTY THREE
<br /> '{ (23), A DISTANCE OF 583.75 fEET, TO THE SOUTH LINE OF SAID NORTHEAST QUARTER (NE;); THENCE WESTERLY
<br /> ` ALQNG ?NF SOUTH LINF OF SAID NORTHFAST QUARTER (NEa1; A DISTAKCE OF 581.1 FEET TO THE PLACE OF
<br /> BEGINNItJG AND CONTAINING 28.157 ACRES.
<br /> lugedier wi�h al! lhe tenements,hemditaments and appurtenances thereunto belun�jng,including atlached flour coverings,all window scceens, �
<br /> window shades,blinds,s�urm winJows,awningx,heating,air conditiuning,and plumbing and wxter eyuipment and acceswries there[o,pumps,stoves, �
<br /> refrigerators,and other fixwres a��d equipment nuw ur liereafter xttached to or used in conneclion wiih saiS real estate.
<br /> And whereas�he said mortgagor has agreed and docs hereby agrec�hat thc morlgagor shall and will pay all taxes and xssessments Icvied or
<br /> ass,:ssed upon said premises and upon this mor�gage anJ the bond secure th�{�y e ure the same shall become delinquent;to Cumish approved
<br /> insurance upon the buildings on said premises situated in tliz sum of S �5+V V�•�� payuble to said ASSOCIATION and to deliver to said
<br /> ASSOCIATION the pulicies Cor said insurance;and not to cummit or permit any wasle on ur about said promises;
<br /> In case oC de(ault in the perCo�mance of any o(tlte terms and wndiliuns o(d�is murtgage or die bond secured hereby,the murtgagee shall, �
<br /> on demand,be entitled to immediate possession oC lhe murtgagcd premises anJ the murtgagor hereby assigns, transfers�nd sets over W the .
<br /> . mortgagce all�he renls,revenues and income to be derived from the murtgaged premisas during such lime a:die mortgage indebtedness shall remain .
<br /> . unpaid;anJ thc mortgagee shall have the powcr lu appuint any agent or agents il may dcsirc(ur die purpose of repairing said premises anS mnting � ,
<br /> the same and collecting the rents,revenues and inwme,and it may pay out of said income all expenses uC rtpai�ing said premises and necessary .
<br /> : commissiuns and expenses incurreS in renling and managing lhe same and of collecting rentals therefrom:the balance remaining,if any,ro be
<br /> applied toward tl�e dizcluuge oC said mortgage indebtedness;these rights of ihe murtgagee may be exercised at uny time during Ihe existence of such
<br /> � defaull,irrespective of any iemporary a•aiver of the same. �
<br /> � ' These Presenu,however,are upon the Condition,That if Ihe said�fortgagm sLall rcpay said loan on ur be(ore the maturity of said shares by
<br /> �� payment;pay monthly to said ASSOCIATION o(the sum specified in the Bond secured hereby as interest and principal on saiJ loan,on ur beiore
<br /> . the Twentieth day of each anJ e��ery monlh,until said loan is lully paid;pay aU tuxrs�nd assessments levied against said premises and on this t�tortgage
<br /> !� � and the�ond secured thereby,be(ore Jelinyuency;furnish approved insurance upon the buildings tliereon in tl�e sum of S 95����.�� pay�ble
<br /> ;� to said pSSOC1ATlON;repay�o said ASSOCIAT'ION upun demand alI muney by it paid fur such taxes,a�sessments and insurance with inrercst at �
<br /> '. die maximum Iegal rate tharzon from date ot p�yment all of which Murtgagur hereby agrees to p�y;permit nu waste on said premises;keep and comply
<br /> wiih all the agreements and conditions of the Bund fur 5 95��(jQ.QQ this day given by the said Aturtgagor to wid ASSOCIA'fION,and comply
<br /> �. H�ith ull the requircments uf the ConstitW ion and UyLaws of said ASS(H.'IA"PION;Ihen these presents�hall becume null:+nd�vid,otherwise they
<br /> i< . shall remain in full force and may 6e foreclosed at lhe uptiun u(the said ASSOCIATION after failure for three nwnths to mnke auy uf said
<br /> paymenis or be three monlhs in arrears in making said munthly paytnents,or to keep and comply with the agreements and cunditiuns uf said BuuJ;
<br /> - and Morigagor agrees tu have a receiver appointed furihwith in such fbreclosu�e piocecdings.
<br />�� � If there is any change in ownership of the rcal estate murtgaged herein,by sxle or u�herwise,then thn entirc cemaining indebtedness hereby
<br /> securcd shall,:�t the uption of The Equitable 13uilding anJ Loan Aswciation of Grand lsland,tiebraska,becume immediately due and puyable withuut
<br /> �. turther noticc,und tha�moun::cmai:iing de^�nder said bond,and any othcr bond for any additionul advances made thereunder,�hull,frum the
<br /> � date o(exercise u(said option,bear interest a�the maximum Iegal ratc,and this mo�tgage n:ay then be(oreclosed w satisly the amount due on said
<br /> � bund,and any uther bond for additional advances,togelher with all sums paid by s:�id 7'he liquitable Building and l.uan Aswciatiun of GranJ Island,
<br /> iNebraska for insurence,taxes and assessments,and abstracting extension charges,with inte�est lhereun,from Jate of payment at the m�ximum
<br /> - . legalra�e.
<br /> � As pmvided in the 6ond mcuced here6y,while�his morlgage remains in ef(ect ihe mortgagee may hereufter advanca additional sums to the
<br /> . makers u(said Bond,Iheir assigns or succcssors in interest,which smns shall be wilhin the security of this morlgage the same as ihe funds uriginally
<br /> secuced lhereby,the total amount of principal debt not tu exceeJ al any time ihe uriginal amount of this mortgage.
<br /> o�<< a,�5/30th aay�r Apri 1 �.u.,i�� 76
<br /> r -� I / \J/� �� `
<br /> l� � I l� �Mi �Fi�\.G\ Il l l�''1..�CCE"�.� . '.��., i-t_ I..�' I� 7_��.�.li�•���� .
<br /> John K. S.�on Susan H. A. Dhillon
<br /> s:
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<br /> STATE OF NGBRASKA.� � On this 3�th d�y o( Apri 1 19�6 ,be(ore me,
<br /> COUNTY OF HALL� I , ,
<br /> � the unJersiFned,a Notary Public in¢nd for said County,perNmally came . '
<br /> John K. S. Dhillon and Susan H. A. Dhillon, each in his and her ovm .
<br /> right and dS SPOU52 Of 2dCh other whu dPE persunallyknownto �.''
<br /> � me to bc the identica!personS whose name 5 affixcS to the above instmment as mortgagor S and they severnlly I �; .
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<br /> . acknowledged the said instrum�nt to be the i r �'olunlary act and deed. ,/ �--/ �
<br /> WI'I"NESS m hand and No(arial Seal dte dale aforcsaid. � �"�
<br />''��",�' �tyCommiuionexpires , ,�/ .r. - //L / /%�`/y���,, ._. .
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