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<br /> 78—.�aU2$17
<br /> MORTGAGE
<br /> � MORTGAGE LOAN NO. L 23,106 I <<
<br /> i KNOW ALL MBN BY THESE PRESENI'S:That Gary L. Hedman and Deanna M. Hedman, each i n hi s and
<br /> her own right and as spouse of each other
<br /> ' _._Morlgagor_wheiher one or more_in consideration of the sum of � �� � ��
<br /> Fifty Thousand and No/100----------------------- --------- ��A� ,r
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 5�� shares of stock of � �.
<br /> sald ASSOCIATION,Certificate No.L 23�106 ,do hereby grant,convey and mortgage unto the said ASSOCIAT[ON the following
<br /> described real estate,situated in Hall County,Nebraska: � �
<br /> LOT FOUR (4) WESTROADS ESTATES THIRD
<br /> SUBDIVISION, HALL COUNTY, NEBRASKA.
<br /> ,.:s
<br /> '� i ��
<br /> together with all thc tenements,heredi[aments and appurtenances thereunto belon n Y
<br /> gi g,inctuding attached floor covezings,all window sereens, .
<br /> � window shades,blinds,storm windows,awnings,heating,xir conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves, , �
<br /> �..i refrigerators,and other fixtures and equipmeni now or hereafar attached to or used in connection with said real estala ..
<br /> C
<br /> And whereas tlie said mortgagor has agreed and does hereby agree that the mor[gagor shall and will pay all taxes and assessments levied or
<br /> .�{ asscssed upon said prcmises and upon Ihis mortgsge and the bond sewred thercby before the same shaU bewme delinquent;to furnish approved �.�
<br /> f insurantt upon the buildings on said premises situated in the sum of$ 5�����.�� payable to said ASSOCIA'CION and to deliver to said ' ' ���. ' ''. r"-"
<br /> `,'1 ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises: . � �r�y�
<br /> ,i In case oC default in the pedorrnance of any of the terms and eonditions of this mortgage or the bond secured hereby,the mortgagee shall, e:.
<br /> f on demand,be entit�ed to immediate posussion of the mortgaged premises and the mortgagor hereby assigns, [ransfers 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 /> ',��r unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premixs and rrnting. . .
<br /> :� � the same and collecting the rents,revenues and income,and it may pay out of said ineome all expenus of repa'uing said premius and nexssary
<br /> -:i commissions and expenses incurred in rrnting and managing the same and of collecting rentals therefrom; the balance remaining,if any,to be
<br /> .-,� applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the exiztence of such �
<br /> default,irrespective of any temporary waiver of the same.
<br /> �� Theu Preunts,however,are upon the Condi[ion,That if the said Mortgagor shall repay said loan on or before the maturiry oF said shares by .
<br /> ' � paymmt;pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or before
<br /> the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage
<br /> :� and the Bond ucured themby,beforc delinquency;fumish approved insurance upon the buildings thereon in the sum of$ $p�QQ�.00 payabk �
<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 /> ��i the�maximum legal rate thereon from date of payment all of which Mortgagor hereb a rees to a
<br /> ...f y g p y:permit no waste on said premises;keep and comply �
<br /> i with all the agreemmts and conditions of the Bond for S 50����.O�this day given by the said Mortgagor to said ASSOCIATION,and comply � .
<br /> with all the requirements of the Constitution and By-Laws of said ASSOCIATION;thrn thex presenis shall bewme null and void,otherwise they � .
<br /> shall remain in full force and may be forecloud at the option of the said ASSOCIATION after failure for three mon[hs 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 conditions of said Bond; � � . �
<br /> and Mortgagor agrees to have a receivez appointed forthwith in such forcclosure proceedings. � _ �
<br /> ` If there is any change in ownersiiip of the real estate mortgaged herein, by sale or otherwise,then the entire remaining indebtedness henby � �
<br /> �-i seeured shall,at the option of The Equitable Building and Loan Assoeiation of Crand Island,Nebraska,bernme immediately due and psyable without � � � ,
<br /> Cuzther notice,and ihe amount remaining due under said bond,and any other bond for any addi[ional advances made thereunder,shall,from the
<br /> '' date of exercise oF said option,bear interest at the maximum legal rate,and this mortgage may then be fomclosed to satisfy the amount due on said � �
<br /> ;! bond,and any other bond for additional advances,together with all sums paid by said'Che Equitable Building and Luan Association of Crand[sland, � �
<br /> .�,� Nebraslca for insurance,taues and assessmrnts,and abstracting extmsion charges,with interest thereon, Crom date of payment at the maximum ��
<br /> �t . legal rate.
<br /> �� As rovided in�the Bond secured hereb while this mort e remains in effect ttie mort �
<br /> �r� � p y. gsg gagee may hereafter advantt additional sum3 to the � �
<br /> makers of seid Bond,their assigns or successors in interest,which sums shall be within the security of this mortgage the same as the funds originally
<br /> ..:�. secured t by,the total amo f principal debt not to exceed at any t'une the original amount of this mortgaga .
<br />; Z ted thia. day of Mdy A.D.,19 �8
<br /> �
<br /> a e ��—
<br /> : $ Deanna M. Hedman •
<br /> � �
<br /> ,.,
<br /> :� STATE OF NEBRASKA, „��-,-. � "
<br /> �d , ,-,.COUtV'TY OF HALL�� On this lOth day of May 19 �$ ,before me,
<br /> the undersigaed,a Notary Public in and for said Comty,personally came
<br /> r� Gary L. Hedmarr and Deanna M. Hedman, each in his and her own right and as spouse of each I ,
<br /> )i other � "'h� are ���auy tcnown eo � ;'
<br /> >,3 me to be the identica! roons whme name S hc"@ ��''
<br /> pe affnced to the above instrument as mortgago� and they uveratly > ;, ,�;�
<br /> -r acknowkdged the esid inrtrument to be thei r .ro��te�y aa�„a a«a. �� iX+� a,`�'�
<br /> i . WI'TNESS my lund and Nofarsal Seal the date afocesaid. �
<br /> . . � . ��My Commission expiras � � � (�. ' � .
<br /> � � � � GLNERAL NC)TARY•Sta;s o!P+;;bi: ! �� Notary Public
<br />�- '� �1-�� � IAMFS W <1(.�'IN i � .
<br /> . ��� My Cornm.Exp.nov.32,197^9�
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