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<br /> hfORTGAGE
<br /> MORTGAGE LOAN N0. � 22+460
<br /> KNOWALLMENUYTHESLPRI:SGNl'S:That David H. McNeel and Betty J. McNeel each in his and her
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<br /> own right and as spouse of each other
<br /> Dtortgagor,whether one or more,in consideration of the sum of
<br /> Twentv-seven Thousand Six Hundred and No/100--------------------------------------po��A�
<br /> Ioaned to said mortgagor by The Equita6le RuilJing and Luan Associatiun of Grand Island,Nebraska,t�tortgagee,upon 276 shares of stock of � � . . � �� .
<br /> said ASSOCIATION,Certificate No.L ?Z,460 ,Jo hereby grant,cunvey and mortgage unto�he said ASSOCIATION the following
<br /> described real estate,situared in Hall County,Nebraska:
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<br /> LOT FORTY FIVE (45), WESTERN HEIGHTS
<br /> THIRD SUBDIVISION, HALL COUNTY, NEBRASKA
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<br /> . together wi�h all �he tenements,hereditaments�rd appurtenances thereunto 6elonging,including attached Ilour cuvzrings,all window screens, �� � , -
<br /> window sliades,blinds,s�urm windou�s,awnin;s,heating,air conditiuning,�nd plumUing and water equipment and accessuries Ihereto,pumps,sroves, � � �
<br /> � �� rc(rigeraturs,and odur fixturcs and eyoipment now ur hereafter attached to or used in connectiun with said real estate. �. . . � .
<br /> AnJ whereas d�e s�id mortgsFor has agieed and does here6y agree that the mongagur shall and wi�l pay all taxes and assessments levied or � �
<br /> assessed upon s�id premises and upon this mongage and the 6ond secured the�ebv befine the same shall bzcome delinquent;ro Cumish approved � . .
<br /> - insurance upon the buildines un s�id premises siwated in the sum of SZJ.600.�� payable to said ASSOCIAT101 and [o delitrer to said � � �
<br /> �. ASSOCIATION the policies fbr said insurance;and no�to commit or permit any waste on ur about said premi:es; . � .
<br /> ' In rase o(default in the performance of any of the terms and mnJitions uf this mortgage or the bund secured hereby,the mortgagee thall. � �
<br /> i �� un dem�nd,be entitled to immediate pussession of the mongaetd premises and the mor�gagor hereby assigns, t�ansfers and sets over to the � � � � . �
<br /> mongagee all the rents,rcvenues and income to be dz�ived frum ihe mortgaged premises during such time�s the mortgage indebtedness shall remain �� �
<br /> G unpaid::�nd thc murlgagee shall haee q�e power to sppoint any aeem or agents it may desire fur the purpose uf repairing said peemises and renting � , I
<br /> $� the same and ml�ecting the rcnts,revenues nnd income,and it may puy out o(said income all expenses vf repairing said premises and necessary - f
<br /> � commissiuns and expenses incuned in renting and manaeing the same anJ of collecting rentals diere(mm;�he balance rem3ining,if any,ro be � � � '
<br /> - applied tow�rd the discharge of s�id mortgege indebtednesr.these rights of the mortgagee m�}�be exercised at any time during the existence o(such �
<br /> � de(ault,irrespective of any temporiq�waiver o(the same. �
<br /> . 7hese Presents,hoH�cver,arc upon thc Condition,Th�t il the said Dtortgagor shall rcpay said loan on ur be(ure the maturity of said shares by . . �
<br /> �' payment:pay monthly m said ASSOG\TION uf�he sum specified in Ihe Bund secured hercby as interest and principal on said loan,on or before . �
<br /> 4` the Twentiedi Ja��of each and even�rnonth,until saiJ loan is iully puid;pay sII taxes and assessmems levied ngainst said premises snd on this 9fortgage . .
<br /> � and thr Hond secumd�hereby,beforc delinyuency;fumish approved insurance upon the buildings thertun in the sum n(S 2]�6��.0� payable � � � '
<br /> ' to said pSSOCIA710�:repay ro said ASSOClATION upon demand all money by it paiJ lor such taxes,assessments and insurance with urterest at � ' . '
<br /> ihe maximum Iegal rece thereun from datz of payment alI of which Afortgagor hereby�grees to pay;permit no waste on said premises;keep and cumply
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<br /> - . with all the agreements and conditions of dic Bund for S Z��6��.�� this day givcn by lhe said 11ort�yor to sxid ASSOCIATIO\,and cumply -
<br /> � µ�ith all tfre requiremems of the Constitution and ByLau•s of said ASSOCIATION;Ihen these prosents shall become null and void,uthernise they � �
<br /> shafl remain in full(orce and mny be toreciosed at the uption of the said ASSOCfAT10\ �fcer failure for three months to make any of s�id � .
<br /> pa}'ments ur be Ihree muNhs in arrea�s in making said mouthly pa�•ments,or to keep and cumply a•ith the agreements and cunditions uC said Bond;
<br /> �f� �nd\tortgagur agrces w h:�vr a«ceiver vppuinted Corlhw�ith in sudi foreclusure pruceedings. .
<br /> � If tliere is any change in owne�ship u(the rcal estate mortgaged herein,by sale ur udten�•ise,then the entire remaining indebtednoss hereby
<br />� 3� . secured shall,at ihe uption of The Lquitable Building and Losn Association u(Grand Island,Nebraska,bzcume immediarely due nndpayable without
<br /> s� - furlhei notice,and thr amount remaining due under said bond,und any other bond foc any additional ad�ances made thrreunder,shall,fmm the
<br /> date o(exercise uf said option,bcar intercst at the m�ximum Icgal rate,and this mongage nuy then be(omcloxd to satisfy the amount due on said �
<br /> ;�� bond,and any olhe�bond(or additional advances,toeether�vith all sums paid by said The Fquitable Building and Loan Associa[ion o(Grand Island,
<br /> � :�ebraska for insuranre,taxes and assessmenis,and abs�racting extension charges,with intereat thereon,from date oi payment at tl�e maximum .
<br /> � legalrate.
<br /> As provided in the Bund secured hereby,while this mortgage remains in effect the murtgagee mxy herealter advance additional sums to the
<br /> makers of saiJ 6und,lheir assigns ur successors in interest,which sums shall be within the securiry of this mortgage the same as the funtis ori�inally
<br /> '3� secueed theeeby,the total amount uf principal debt not to excecd al any timr the miginal amount of ttus mortgage.
<br /> �` Da�ea m; ���h a�y�r� Decembe r :�.i�.,» 76
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<br /> Betty cNeel
<br /> � STATE OF NEBRASKA,�ss. On this 15th �aY°� December 19 ](.before me,
<br /> COUNTY OF f IALL ,_,( � � :
<br /> ' the undersigned,a Notary•Public in anS(or said County,personully came � .i,' �
<br /> David H. McNeel and Betty J. McNeel each in his and her own right a�o as spoupeso°��iy�kao�t� � �' '� '
<br /> � other are . �
<br /> me to be the identical pe�wnS whose rmme5 are affixcd to thc above ins ment as octgago6 and they severally �
<br />� -�, acknuwledged the said instrument to be thei r voluntary act and deed. �� � �� .
<br />� N'ITNPSS my hanJ and Nolarial Seal the date aforcsaid. �\ / � � 4C!
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