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<br /> -- h1012T0AGG LOAN N0._L ZZ,2H4 _
<br /> KNOW ALL�1GN DY THF.SI?PRESL•N1'S:Thui Larry G. Cal 1 i han and Norma M. Cal 1 i han, each i n hi s
<br /> arid her own right and as spouse of each other, I
<br /> ? ' _____ Modgagor,whether one or more_in cunsideration of the sum of
<br /> Twenty-five Thousand Five Hundred and No/100- Do��nt�s
<br /> ' loaned!o said nwrtgagor by The Gqui�able IiuiWing und Loun Associ;ition of Crand Island,Nebraska,Alurtgagee,upon 255 shares o(stock uf
<br /> said ASSOCIATION,Certifiate No.L ZZe284 do hereby grunt, convcy and mortqage unlu ihe said ASSOCIATION q�e following
<br /> described�eal estate,siwated in Ilau County,nc���s�:�: pART OF THE WEST HALF OF THE SOUTNEAST QUARTER (W�,SE;) Of
<br /> ! SECTION TWO (2), TOWNSHIP ELEVEN (11) P�ORTH, RANGE TEN (10) WEST OF THE 6TH P.M., �40RE PARTICULARLY
<br /> DESCRIBED AS FOLLOWS: 3EGINNING AT A POINT ON THE SOUTH LINE OF SAID SECTION TWO (2), SAID POINT
<br /> � ` BEING SEVEN HUNDRED FORTY (740.0) FEET EAST OF THE SOUTHWEST CORNER OF SAID SOUTHEAST QUARTER (SE;);
<br /> ' THENCE NORTHERLY PERPENDICULAR TO SAID SOUTH LINE Of SECTION TWO (2) A DISTANCE OF TWO HUNDRED AND
<br /> FIVE (205.0) FEET; THENCE EASTERLY PARALLEL TO SAID SOUTH LINE OF SECTION TWO (2), A DISTANCE OF
<br /> : ; TWO HUNDRED THIRTY (230.0) F.EET: THENCE SOUTHERLY PERPENDICULAR TO SAID SOUTH LINE OF SECTION TWO
<br /> .r ' (.2�, A DISTANCE OF TWO HUNDRED AND FIVE (205.0) FEET, TO THE SOUTH LINE OF SAID SECTION TWO (2);
<br /> " ' THENCE WESTERLY ALONG SAID SOUTH LINE OF SECTION TWO (2), A DISTANCE OF TWO HUNDRED THIRTY (230.0)
<br /> � : FEET TO THE PLACE OF BEGINNING AND CONTAINING 1.083 ACRES, MORE OR LESS, OF WHICH 0.174 ACRES,
<br /> ? ` MORE OR LESS ARE PRESENTLY OCCUPIED BY COUNTY ROAD RIGHT-OF-WAY.
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<br /> �. ��� iogether with all die lenements,hercditnments and�ppurtenances iheremnu beloncing,induding attached flour coverings,all window sc�eens, �
<br /> window shades,blinds,swrm«�indo�vs,awnings,hea�ing,air cundi�ioning,and plwnbing�nd water�yuipmentand accessuriea thereto,pumps,ttoves,
<br /> , refrigerators,and od�er fistures and ryuipment noa�or herea(ter attadied ro ur used in cunnectiun x�i�h said real estate.
<br /> And whereas the s:iid murtgagoc has agreed and dues hereby agrec th�t die murt@aFor shall and will pay all taxes and xssessments levied or
<br /> � assessed upon suid premius and upon this murtgage and the bond secu�ed therebv before the s�mr shall becume delinquent;to furnish epproved
<br /> '� insurance upon the buildings un said premixs situateJ in the sum u�5 25,SQQ.QQ paYable w said AS50CIATIU\ and to delivar to said
<br /> ry �, ASSOCIATION the policies for said insur�nce;and not tu eununit or pennit any was�e on ur about said premises;
<br /> In case uf Jefault in the pedurm�nce uf auy of the te[ms and cunditions of tt�is murtgage ur the bund secured hereby,the murtgagee shall,
<br /> 7; on dcmand,bc rntitled to inmiediatc pusscssion uf the mortgaged premiscs and the murtgagur hereby assigns, transfers and sets ovrr w the �
<br /> mortgagee all the rents,rerenues and inwme to be Jerivcd frum the mortg�ged premises during such time�s the nwr�gage indtbtedness shall rcmnin
<br /> unpaid:and�I�e mortgagec sh�ll have the po�car w appoim any agent ur agents it may desire for dir purpuse ol repairing said prert�ises and centing
<br /> the same and collecting the rems,revenues and income,�nd i�may p�y out o(said incume all espenses of rcpairing said premises and necessary
<br /> � commissiuns and expenses incmred in�enting snd managing Uic s�me and uf culleciing rcntals Ihercfrom: the balance remainin�,if any,to be .
<br /> �: -. applied toward the discha�ge uf said nwrtgage indebteJness;tliese righis uf the mu��gugee m�y be exercised at�ny time during lhe existence of sucli
<br /> $ ��� de(ault,irrespective uf any temporaq'waiver uf lhe smne.
<br /> � �� Thrse Presenis,huwevc�,�re upou IVIL'CUOlIll1011.TI711I II IIIC Shc(I\IUfI�C:160I SI18II(l'�81'��ItI IO8I7 UII Uf L1CPUfC Lllt Ill'JIUIIIY 0�S:IIII SII:IfCS b},
<br /> , payntent:pay nwnlhly lo said ASSOCIATlO\uf�hr sum speci�led in thc liund secured Itere6y as interes[and princip�l un said lo3n,un ur before
<br /> the T��•cnticth day o(cach�nd evary month,until said luan is f ully paid:Nay;dl tars and asscssmems leeied aguinst s�id premises and un tliis 9lurtgagc
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<br /> ; and the 6ond secu�ed ihereby,brfure delinyuency:lumish approved insurance upun thr buildin�;s thercon in the sum of i Z5�SQQ.QQ P�)'�ble
<br /> to said ASJOCIA7l0�1 rep���lo said ASSOCIA�f10V upon demand ail moncy 6y it paid tur such taxes,assessntents and insurunce�vilh interest a[ ,
<br /> � . the maximunt lag�l r�te Ihereim�rum date uf paymcul all of which�IonF�gur hereb}'agrees to pa�;pennit no waAe on��id prcmises:Aeep and cumply
<br /> � wilh all the agrcuntcros nnd conditions uC the Bond for S 25�5��.��Ihis J�y given by the s�id�lurtgagut iu vid ASSOCIA710N,and cumply .
<br /> ; with all thc rcyuiremen�s u(thr Cunstiwtion and By-Laws uf s�id ASSO('IATION:then thesc presents sh�ll becume null and void,othenvise they
<br /> : .hall�em:iin iu full(o�ea�nJ may bc 1'uredoseJ al the uptiun ol ihe said ASSOCIATION a(ter tailwe lur three montlis w make�ny of iaid
<br /> �1:1)'Illl'I1I5 Uf�l'lllll't lll<1111I71 111 illt�'i11)II7 Iil:l{:Ifl�;SJIII I11UI1IIlIV'�):1}'l1ItI1lY.�it I(J kl'��l:Illl�(UIItPI)'K'IIVI IIl2��IL't111ClIlS JI1lI l'�I1lIl[IUI15 t1i S:llll I3UIlU;
<br /> and 1lortgagur agrets�u h�vc a iccei«r appuinl�d tordno�ith in suth liirerlosure pruttcdiu�;s.
<br /> � . II'them is any ch�ngr in owne�ship u(thc«al csta�.murt�aged herein,by sale Of UIIII'�N'ISC,II1CI1 IIIC entire ienWining inJebtedness hereby
<br /> secured shall,al the option u(The liquiiable lluilding and Luan Associatiun u(Grmd IsI�nJ.Nebr�sk�,becume inunediately due and payable withuut
<br /> � further noiice.and the amoum remaining Jue unJer s�id bund.�nJ any uther hund Ib�any addition�l:�dvances made thereunder,shall,from the
<br /> date ul rxerciu ul said optiun,bcar imeresi at�he ni�ximmn legal rate,and ihis murtEuge may�hzn be foreclused tu s3tisfy the amuunt due ai said
<br /> IIOfIlI.8I7lI 8111'UQIB!I)UII(I�Uf��IlillUll'JI:1(IV8111'tti.IUE[IIICf lvllll dII Sllill)�1811I Il)'Shcl�TIIC I:yui�:�ble t3uilding and Luan Assuciation of Grand Island,
<br /> NCbf�SICJ IOf IOSllf8111'l'.l�%l'S 8111I JSSL'S}Illl'pI5.:1111I 3�}�18C1111�;l'XlCI151U11 lllAf�l'S.t491I1 inte�est thrreon, from date o(pdyment at tlie maximum
<br /> . Icgal�ate.
<br /> As pmvided in ihz 13ond secured iiereby,while this murtFage�emuins in eilect Ihe mortgagee m�p herealter adcance additiunal sums tu tha
<br /> make�s uf said I�und,�heir assigns ur suceessua in interest,which sums shall be within the security ut diis mortgage the same as the funds originally
<br /> � secwed thereby,tl�e�utal amouut ul princip�l deb�not tn excecd at any timr the uriginal amount o(�his murtgago.
<br /> 4' i>:,c�a m�� 7th ��v��� August �.n..�+� 76
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<br /> �. .!;f�,rl��`7'�'C�.2�:c�1�-�-rf i
<br /> E ar a i an Norma M. Callihan
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<br /> STATL:OP NL'DRASI'v�, ss. On this �th day ot August 19 �6 ,before me,
<br /> COUNTY OF IIALL} �
<br /> the uudeesi�ne . �otarv Public i� a J lor id ou t taonal r � . ..
<br /> Larry G. Callihan and Norma M. Callihan, each in his �h��ier own rig'h� an�'a� s��duse o����h �^" >�
<br /> other, ��'�» are personally known to N ''
<br /> me to be the iJentical perwn 5 whuse nnme g aftixed to the above i�� me �s murtgugo� S �°� they se��erally I � � -
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<br /> acknowledgeJ the said instrument lo be thei r ��oluntary act and dced. ��//ff f� �
<br />�„ N9TNC:SS my hand and Nota�ial Seal llte datr u(uresaid. . �`�%/�/// (4
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<br /> �. —� Votary Public
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