|
� �
<br /> ' �H�� �..%�t f�:?�1� � .
<br /> MORTGAC,E
<br /> fMORTGAGE LQAN NO. L 23 048
<br /> KNOWALLMGNBYTfi��FSEPRFSENTS:That Gerald R. Spiehs and Twila M. $Q12h5> 2dCh lfl f175 011d � � . �
<br /> her own right and as spouse of each other
<br /> ; Mortgagor,whether one,or more,in considerakion of the sum of � . � � �
<br /> ' 'fwertty Five Thousand and No/lOb----------------------------------------------.--pp�t,.�Rs
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,.Nebraska,Moctgagee,upon 2�'j0 shares of stock of ,. � � .
<br /> � said ASSOCIATIQN,Certificate No.L 23:O4H ,do hereby grant, convey and morrgage un�to the said ASSOCIATION the following � � . � .
<br /> deseribed real estate,situated in Hall Caunty,Nebrsska: � .
<br /> PART OF THE MORTHWEST QUARTER OF THE NORTHlJEST QUARTER (NW%,�JW4) OF SECTION TWIRTY FOUR
<br /> (34), TOWNSHIP 7WELVE (12) NORTH, RANGE ELEVEid (11) WEST OF 7HE 6TH P.M., IN HALL COUNTY
<br /> NEBRASKA, MORE FAi2TICULRRLX DESCRIBED RS FOLLC)WS:
<br /> BEGIIYNIN6 AT A POIYT OM TNE '.JEST LI!VE OF SAIB 5ECTION THIRTY FOUR (34) SAID P'OdNT BEING
<br /> ONE TWOUSAND TWEN7Y TWO AND ONE TE�JTH (1,022.7`) FEET SOUTH OF THE NORTHWEST CORNER OF
<br /> SAID SECTION THIR7'Y FOUR (34); THENCE SOUTHERLY ALONG THE 4JEST LI��E OF SAiD SECTION
<br /> TMIRTY �FOWR (34) A DISTANGE OF ONE HUNDRED FORTY FTVE (145.Qj FEET; THENGE DEFIECTIMG
<br /> LEFT 90 00' qryD RUMNING EASTERLY A DISTANCE QF ONE HUNDRED SEVEi�TY (170.0) FEET;
<br /> THENCE DEFLECTING LEFT 90�C70' AND RUNNING NO�THERLY, A DISTANC� OF ONE HLINDRED FORTY
<br /> fIVE (145.0) FEET: THENCE DEFLECTIMG LEFT 50 00' AND RUNNING WESTERLY, A DTS7ANCE OF ONE
<br /> HUNDRED SEVENTY (770.0) FEET TO THE PLACE OF BEGTNNING AND CONTAIPJTNG Q.566 ACRES MORE
<br /> OR LESS.
<br /> i
<br /> � togefher witL� alI the tenements,heredit.aments and appurtenances thereunt� bel�ngimg,including attached floor coverings,all window screens, ' � �
<br /> window shades,btinds,storm winAows,rwnings�,heating,air condit.ioning,,.and�plumbing and water equipment and acceswries thercto,pumps,stoves, � . �
<br /> refrigera[ors,and orhee fixtures and equipment nqw or I�sreafter attached[o or used in�onnectiwi w^ith said real estate. � � � �
<br /> � And whereas ihe said mortgagor has agreed and does hereby agree that ihe mortgagm shall and will pay all taxes�nd assessments leviad qr � . �
<br /> assessed�upun said premius and upqn this mortgage a�id t'he borid sec d J�e,�eby beture the same shall bewme delinquent;to furnish approved � �
<br /> , � '� insurance upon ihe buildings on said premises situaizd in the sum of S��a�vu•u� payablc to said ASSOCIATION and. t� deliver [o s8id � �
<br /> � ASSOC[ATIbN the polisies for sai.d insurance;snd not to commit or permit any waste on or about said premises; � � �
<br /> � In�case of default in the peefurmance qf any af the terms and conditions of this mortgage ctr tha bond secured hereby,the mortgagee shali, . �
<br /> on demand,be entitled to immediate possession ot the mortgaged premises and the mor[gagor hereby assigns, transfers and uts over to the . .
<br /> i
<br /> mortgagee all the ren[s,revmues and income to be derived from the mortgaged premius during such time as the mortgage indebtedness shall remain � � �.
<br /> unpaid;and the mortgagee shall have the power to appoint any apent or agents it may desire for the purpou of repauing said premises and renting � �
<br /> �-� the same and collecting the rents,revenues and income,and it may pay out of said income all expenses oC repairing said premises and necessary � � � � .
<br /> .,�� commissions and expenses incurred in renting and managing[he same and of eollecting rentals therefrom: the balance remaining, if any,to be , � �. .
<br /> ���a applied toward the discharge of said mortgage indebtedness;these righ[s of the mortgagee may be exercised at any time during the existence of such � �
<br /> �'. � default,irrespective of any temporary waiver of the same. � .
<br /> � I Yhese Presents,however,are upon the Condition,Tttat if the said Mortgagor shail repay said loan on or before the maturity of said sharcs by . . -
<br /> paymenq pay monthly to said ASSOCiATION of the sum specified in the Bond ucured hereby as interest and principal on said loan,on or beforo � � ��
<br /> �� i the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said prertises and on this Mortgage � -
<br /> i and the Bond ucured thereby,before delinquency;fumish approved insurance upon the buildings thereon in the sum of S 2rJ����.�� payable - � �
<br /> .�j to said ASSOCIATION;repay to said ASSOCIATION opon demand all money by it paid for such taxes,assessments and insurance with interest at ' � �
<br /> ��1 the maximum legal�rate thereon Crom date of payment all of which Mortgagor hereby agrees to pay:permit no waste on said premises;keep and comply . � �. �
<br /> with a11[he ageements and conditions of the Bond(or 5 2�j�QQQ QQ this day given by the said Ffortgagor to said ASSOCIATION,and comply .
<br /> with all the requirements of the Constitution and By-Laws of said ASSOCIATION;then these presents shall become null and void,otherwise they � �
<br /> shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure foc thrce months to make any of said � .�
<br /> . payments or be three months in arrears in making said monthly payments,or to keep and comp�y with the agrcements and conditions of said Bond; �� �
<br /> ' and Mortgagor agrees to have a receiver appointed Forthwich in such foreclosure proceedings. � � � �
<br /> � �� IC there is any change in ownership of the real estate mortgagcd herein,by sale or otherwiu,then the rntiro rema'vting indebtedness hereby _ � . . � �
<br /> � secured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately 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 exerciu of said option,bear interest at the maximum legal rate,and this mortgage may then be foredoud to satisfy the amount due on said �
<br /> . bond,and any other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grand Island, � � �-
<br /> NeSraska for insurance,taxes and assessments,and abstrecting extension charges, with interest thereon, from date of payment at the ma�timum � � �
<br /> �� legal rate. .. ..
<br /> {
<br /> .3� As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the '
<br /> :f,. � makers of said Bond,their assigns or successors in interost,which sums shall be within the xcurity oF this mortgage the same as the funds originelly �
<br /> �_�� � secured theroby,the total amouM otprincipal debt not to exceed at any time the original amount of this mortgage. � �
<br /> � Date this Z9'CpFl. day of March / A.D.,19 ]$ / , � .
<br /> .� ��%.dlou�l�t� ,��-.r //��c�J.v/S'i
<br /> f
<br /> � Gerald R. Spi hs Twila M. Spiehs t
<br /> ; :�.
<br /> STATE OF NEBRASKA,�� pn thls 29 th. day of March 19]$ ,before me,
<br /> COUNTY OF HALL � `
<br /> "_'..r.._ °.
<br /> Gerald R. Spiehs and Twila M. Spiehs, each in`�iis�a�n`�'�er`�wn rig�"t�fan�das s`�i'ou`se�o�""" I E �
<br /> � ' each other, who are perwnallyknownto k
<br /> h� 9 : - .�'tne Lo be the.identieal person 5 whose name5 are affixed to the above ins ent s mortgagor S and they severally 'e�'� ..s-t�`.�^�
<br /> ..h�� admowledged the said inatrummt to be thei r voluntary aM and deed. � ��""'" �t -r-
<br /> ����- WITNFSS my hand and Notsrial Seal the dete aforesaid. �.-�'' , i
<br /> ' �t � ^GENERAI NffTRR�y6�� exp'ues // L� �
<br /> J � JAMES i� GL5GA / �'�T+�
<br />,' _ '�My'.u-nm,E�_Nov.12.1979 (.i� Notary PubGc 1 I
<br /> ' ---- ._ _ ....._.. d—r/. / Y /�7� J
<br />
|