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<br /> MORTCAGE 7S—r V O O t7 1 S�
<br /> MORTGAGE LOAN N0. L �
<br /> iIQVOW ALL MEN BY THESE PRESENTS:Tt�at E1 i zabeth R. BUY'1^15 and C1 arence F. Burri s, her i
<br /> husband,
<br /> - Mortgagor,whether one or more,in consideration of the sum of . � � �
<br /> ' Sixty Five Thousand and No/100------------------------------------------------ �L�� '
<br /> loaned to said mortgagor by The Bquitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 650 shares of stock of � .
<br /> said ASSOCIATTON, Certificate No. L Q2�9]¢ ,do hereby grant, convey and mortgage unto the said ASSOCIATtON the following � � . �
<br /> described real estate,situated in Hall Counry,aJebraska: � �
<br /> LOT SIXTEEN (16) SUSSEX PLACE SUBDIVISION, SAID SUBDIVISION
<br /> BEING A TRACT OF LAND COMPRISING THE y ZN,�d ZSE<> THE N 2S�N 2N�SE;;
<br /> and S�NE4 EXCEPT TNE NORTH 60 ACRES THEREOF, ALL IN SECTION
<br /> ELEVEN (11) TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10) WEST OF
<br /> THE 6TH P.M., HALL COUNTY, NEBRASY.A.
<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 /> ttfrigerators,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 che mortgagor shall and wID pay all taxes and assessments levied or � -
<br /> .. assessed upon said premixs and upon this mortgage and the bond ucured hereby eforc the same shall become delinquent;to furnish approved
<br /> insurance upon the buildings on said premises situated in the sum of 3 65 a�00.U� payable to said ASSOCIATION and to deliver to said � . �
<br /> ASSOCIATION the policies for said insurance;and not ro commit or permit any waste on or about said premiser, � � � �
<br /> [n case of default in ihe performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall, � � �
<br /> �� ; on demand,be rntided to immediate posussion of the mortgaged premixs and the mortgagor hereby assigns, transfers and sets over to the . � � � �
<br /> mortgagee all the rents,revenues and income to be derived from 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 agrnts i[ may desire for the purpou of repairing said premixs and rencing �� � �� � . .
<br /> the same and collecting the rents,revenues and income,and it may pay out of said income all expenus of repairing said premius and necessary � � � ��
<br /> �' commiuions and expenus incurred in renting and managing the same and of collecting rentals thereGom: the balance remaining,if any,[o be � � � � .
<br /> ��i applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exerciud at any time during the existence of such - � .
<br /> default,irrespective of any temporary waiver of the same. - . . ,1�
<br /> �I Theu Preunts,however,are upon the Condition,Tha[if the said Mortgagor shall repay suid loan on or before the maturity of said shares by � _ �
<br /> -.���� payment;pay monthly ro said ASSOCIATION of the sum specified in the Bond ucured hereby as intercst and principal on said loan,on or before �
<br /> the Twentieth day of each and every month,until said loan is Cully paid;pay all taxes and assessments levied against said premises and on this Mortgage � � ���
<br /> - and the Bond secured thereby,beforo delinquency;furnish approved insurance upon the buildings thereon in the sum of 56$>0��.�� payable - � � � .
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> the maximum legat rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply � � �� .
<br /> with all ehe agreements and conditions of the Bond for$�5 OOO.00 this day given by the said Mortgagor to said ASSOCIATION,and comply � �
<br /> with all the requircmente of the Constitution and By-Laws ot�said ASSOCIATION;then these presents shall become null and void,othecwise they � � . . .
<br /> shaU 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 /> paymrnts or be three months in arrears in making said monthly payments,or to keep and comply with the agreements and wnditions of said Bond; � � . �
<br /> and Mortgagur agrees to have a receiver appointed forthwith in such foreclusure pmceedings. .
<br /> ' If there is any change in ownership of the real estate mor[gaged herein,by sale or otherwise,then the rntire remaining indebtedneu hereby �. � � � �
<br /> •. 7 secured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become unmediately due and payable without � � � �
<br /> .. further notice,and 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,beaz interes[at the maximum legal rate,and this mor[gage may then be forectosed to satisfy the amount due on said � � �� � � .
<br /> bond,and any other bond Cor 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 rata �
<br /> As provided 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 xcurity of this mortgage the same as the funds originally �
<br /> � secured thereby,the total amount of principal debt not to exceed at any time[he original amount oC this mortgage. � � �
<br />-�.�::i . .. . ..
<br /> = na«a�t�s 16th aay of January '/, A.D.,i9 78 �
<br /> � ��A�s/�.y._-� � .��`"--f—�__ "�c�K�/
<br /> E t et R. urris Clarence F. Burris
<br /> ,� � � : � � � � � �
<br /> STATE OF NEBRASKA,� _
<br /> •� COUNTY OF HAI.L �� On this 16th day of JdnUd Y'y ]978 ,before me. _..:E �
<br /> ;� �. � � " the undersigned,a Notary Public in and for said County,personally came � � ��
<br /> � E ��c h R. Burri s and Cl arence F. Burris, her husband Wbo are perwnally known to � �;`r, '
<br /> zC1mNe,,twLa�k,+►F� penon 5 whose name S dY'e affixed to the above instrument as mongagor S and they x�eTapy �i `
<br /> '; ��Eknowledg��lbe inrtrument to be thei r �luntary act and deed. �," `'
<br /> t � ? �ip;q"Y� '; my haad md Notarial Seal the date aforesaid. „ ��`_�` .
<br /> , COti;�nf s3C�t =My inmissionexpires 2,11 Q p� � ' • ��� �
<br /> ) : �. EXPlF 5 7
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