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<br /> --- -- n�oarc;ncl:LOAN NO. L PZ.309 �
<br /> / � KNOW ALL A1ti�Dl'TIILSIi PRIiSI:NTS:That (�gOP92 F. Ottmall and Jo Anne 14. Ottman, each 111 hl S and
<br /> ; her own ri ght dlld d5 SPOUS@ Of @dCh other, �,�wtgagur,whether one or more,in wnsidcration of the sum of
<br /> ; Twen.L,�--f-i�Ihousand dtlCl NO��O�---------------------------------------------------- DOLLARS
<br /> �
<br /> � luanecl to s�id murtgagur by The Gyuitab�e Building and Loan Assuciation ol'Grand Island,Nebraskx,hlurtgagee,upon 250 shures of stock o(
<br /> said ASSOCIATION,Cerlificale No.L 225�309 Ppdu liereby r,r�unt conve�y and nwr�a�e�unO�tlyH�i�1Nn�Q('lA'[�NQtbCIollnwir�,E4�
<br /> described real estate,situated in Ilall Count�,Nebraska: RT OF TI1E NORTH HALF �Z I UKI fitAS UAkI tK �i`I
<br /> Of THE NORTHWEST QUARTER (NW;) OF SECTION 11, TOWIJSIIIP 11 NORTH, RANGE 10 41EST OF THE 6th P.M.
<br /> DESCRIBED AS COMMENCING AT A POINT 138.7 FEET tJEST Of THE NORTHEAST CORNER OF THE N�:�NE�lW4 OF SAID
<br /> SECTION, RUNNING THENCE SOUTH PARALLEL WITH THE EAST LINE OF SAID NZNE�-,NW', OF SAID SECTION 11, FOR
<br /> A OISTANCE OF 662.4 fEET P10RE OR LESS, RUNNING THENCE WEST FOR A DISTANCE OF 68.5 FEET, RUNNING
<br /> THENCE NORTH, FOR A DISTANCE OF 662.4 FEET MORE OR LESS TO THE t�ORTH BOUNDARY LINE Of SAID SECTION
<br /> 11, RUNNING THENCE EAST ALONG AND UPON THE NORTH BOUNDP.RY LINE OF SAID SECTION fOR A DISTANCE OF
<br /> 68.5 FEET TO THE PLACE OF BEGINNING, �UBJECT TO COUNTY ROAD ON THE NORTH. THE WEST ONE HALF (W2)
<br /> OF A PART OF TNE N'�IE;NW', OF SECTION 11, TOWNSHIP 11 NORTH, RANGE 10 WEST 6TH P.�d. DESCRIBED AS
<br /> COMMENCING AT THE NORTHEAST CORNER OF THE NE;NW; OF SAID SECTION 11, RUNNING THENCE 4lEST fOR A
<br /> s. DISTANCE OF 138.7 FEET, THEIdCE SOUTH FOR A DISTMJCE OF 662.4 FEET, THENCE EAST A DISTANCE OF 140.8
<br /> ; . FEET, AND RUNNING THENCE NORTH fOR A DISTANCE OF 662.4 FEET TO THE PLACE OF BEGINNING, SUaJECT TO
<br /> Z OF COUNTY ROAD ON NORTH OF SAID TRACT. :iAID TRACT NOW KNOWN AS LOTS THREE, TWO AND PART Of ONE,
<br /> Of ROSS FIRST SUBDIVISION IN SECTION 11, TOWNSHIP 11 NORTH, RANGE 10 WEST OF THE 6TH P.M., HALL
<br /> COUNTY, NEBRASKA.
<br /> � together x�i�h all thc tencmcros,heredi��men�s and appurten�nccs thcrcuntu hclonging,iucluding�ttached fluor coverings,all winduw scteens,
<br /> window shades.blinds,stonn winduws,awnings,hr��in�,air condi�iuning,and plumbing and w�ttr eyuipment and acceswries lhereto.pumps,stoves,
<br /> .. �cfrige�aturs,and ulhcr fiatures'aitd cyuipincnt no�v ur here��tcr auachcd ro or used in cunncclion w'id�said real cstate.
<br /> � And w�hereas the said moncagor IWs agrecd and does hcrcby acree that thc moitc�Fur shall sn�will pay all tuxes and assessments levied cr
<br /> assesxd upon said prcmises�nd upun this murigage and the bond secured thereby 6rtnre ihe sam:shall 6ecume delinyuent;w Curnish approved
<br /> . insurunce upon th�buildings un s�id premiscs siivated in ihc sum of S Z5�QQQ.QQ p�yable tu s�id ASSOCIA"f10\ and to deliver to aid
<br /> �� ASSOCL1T10\the policies fur ssid insurance;snd not�u cuntmit or permit anv waste on ur a6out saiJ premises:
<br /> In case uf Jrlault in the performance u(any ul the�enns and cunditiuns u(this mongaec or the bund secured hereby,the mortgagee shalt,
<br /> � un denianJ,6c en�idcd tu immcJiate posxssion ul'thc niurtcagrd prcmises and thc murieacm hrreby assigns, transfe�s �nd sets urrr tu die
<br /> murigagre all the renis,revenues anJ income m be dc�ived(rom the murtgaged premises during sueh time as ihe murtg:�ge indebtedness shall remain
<br /> Uf1�1811I.:1111I IIIC p1U�1�;8�;C1'SII:III Il:l\'l'lI1L'�lU\\'l'I(O 8�1PUIflI]p)'�Lr01 Uf B�tlfllS ii mav dcsirc fur thc purpose o(repairing said premises and�enting
<br /> die same and cullecting the rents,rerenues and income,and it may p�y out uf said incume all espenses of repairing said premises and necessary
<br /> � commissions aud expenses incwre:l in rentinc and m�naginc the same and uf cullrcting rentals ihercfrom: the balancr remaining.if any,to be
<br /> �pplied tu��:ud die diuhaiEc uf said nwrleaec indeUtedness:these richts uf die mungacet map be exercised at�nq time during the existence of such
<br /> de(�ult.irrespective u(�ny�tmpurarv wai��er u(the samc.
<br /> � '�I�rse Presenls.ho�acvci,are upun the Condition.7�h�t i(�he said Murtg�gur shall iepa�'�aid lu�n vn ur betorc the maturit}'u(said shares by
<br /> payment:pay monddy tu>aid:1SSOCIATfOV n(tht sum sperifled in ihe Bond�ecurrd hereby�as interest and princip�l on said loan,on o�belort
<br /> the'f�eentieth d;�y ol each and et�erp month.until said loan is full}'paiJ:p�y all cues�nd�sseuments Ieeied aeainst said premises�nd on thi:\tortgagr
<br /> and the Bond seeured thereb}',brfura dclinyuenc}�:luntish approced tnswance upon the buildings�herron in Ihe sutn o(3 25����.QQ pay�ble
<br /> . io said ASSOCI:\TIOV:u•pay tn s�id ASSOCLITIO\upun dem�nd all monev by it paid(ur such tases.assessments and insurance with interast at
<br /> the niasimum Icgal ratr Ihereon(rum date uf pa�'mem all of which 9luncaeur hereby�,rees w pa}�;pennit nu wasteon said pretnises:keep and comply
<br /> �vith�II the acreeinen�s and enndi�iuns u(the liond lur S Z5�Q��.�� ihis d�y gicen 6�'the said!.lorteagor eo suid ASSOCIATI01.ar�d cumply
<br /> H�ith all thc reyuirements o(die Cunstituliun and By�Laws uf said ASS(X'L�TI01:�hcn thrse presents shull become null and vuid,ulherH�ise ihty
<br /> s6all r�main in full ti��ce�nd ma}'br to�rdused ai the OPIIUII UY IIIC 5�I(� ASS(X'IAIIOti afier lailure fur three months tu inake any u(said
<br /> payments ur be thrce f➢u11II1S ifl�fIC:113 111 I718I:IpF SLIII IIlU11IV�1��p�ymcnis,ur m ktep and cumply w�ith ihe agrcemrnts and cunditions o(said 13und:
<br /> and�lungaeu�agrees�u hace:i�ecei��er appuinteJ Ibrth�viih in wch fureclusure pruce�dmFs.
<br /> I�Illl'fP IS�I1V lllllflEl`�II UK'11CfSIlir U�IIIC Il'8I l'SlBll'I11Ufl�e�Cll IltfBiO.Il�'SBIt ur utherwise,then the entire ICII1JIfilfl�;inde6redness hereby
<br /> KiIIIC�5�18��,�I l�ll'(1�IIUt1 l)��j�ll`�.(�tl11J�l�l'UIIIIlIIf1E e11fI LU:IiI i�SSUl18l1U11 U��iIJII(I ISI:IIIt�,i\l'bfeSkJ,I7L'CUlllr IfIlI11C(�I:IIPIV IIIIC Jfl�P91'�bli N'IfI1�Ul
<br /> �llfl�IC!Il()IICI',�I7t�l�ll'�II7(IIIIII !L'fll:llfllil{!�ll� tlfl(��I s�iJ b�nd,and an}•other bund lor any addition_I�dvances m�de thereunder,shall.Erom the
<br /> d:u�•uf ezercise uf s:iid optiun,bear interest a��he maximum Icg�l rate.�nd this mongage muy thcn bc lureclused to satisfy the amount due un said
<br /> bond,and auy uther hund li�r additional�dv:mces.tugcthe�«�ith all sums paid by vid T�he I�:yuitable Building and Loan Assuciation of Grand Isl�nd.
<br /> Nebraska(or insurance,taxes and assessments,and abstractinE extens'ion charges, ��'ith int.rest thereon. Crom date uf payment at ihe masimum
<br /> �t�'J�I;l�l'.
<br /> i�i�)IUVII�t(�111(�Il'ISUIIS$Cl'llfl'lI IICIL`��',N'IIIIC II715 1711JfI�;JI;C fCfI1:11115 Ifl l'�fCl'[ (Ilt:IIIUIi�;��l'C Ii1JY I7CIC��I[(lllY�fICC J�(�l(IVilil�sums tu the
<br /> makers uf said fiond,their assiens ur successurs in inrerest,vrhich sunu sh�ll be within the secmity uf this morteage the same as the funds originally,
<br /> secured thereby,the lutal amount uf princip�l debt nut tu ezceed at�ny�ime�he nriginal amnunt o(d�is murtcage.
<br /> � ��r��,f,;s 25th d,��,r August �.o.,���76
<br /> ,
<br /> ;(1��rie/i'�.�. iLrcc:i�,u i�c�(t_.,,.>tC.. /�% r��.-��i�,i.Ci.,.Ci
<br /> eorge F. ttman ;:Jo Anne M. Ottman
<br /> <
<br /> STATGOPNC•B(L1SKA, ss. Onthis 25th ,Iavo( A119U5t I)�6 .6efureme,
<br /> COUNTY Of IIALL �
<br /> � �he unde�siHned,a Notary Public in and(ur:aid County,peaonally c�me
<br /> 6eorge F. Ottman and Jo Anne M. Ottman, each in his and 'ner own right and as spouse of each ��..
<br /> oth�r,.;<.,_, `°��° dpe pe�sonally known to �
<br /> � _ �
<br /> �me�t�,be�tfW,3�t�rii}iryi person 5 whose nume S dY'8 affixcd tu the above instrument as mortgagor S and they uverally
<br />�; •'�,acl�m)N�jedgeJtJ�edai��.nslrument to be thei r ����untary act and dced. I� ��
<br /> ti; . ',�'i�VIT�SS my hand and N/otarial Seal die date aforesaid. �
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