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<br />i Boo
<br />Filed for recor
<br />LQ of nom,..., t � ✓ Pa�;e_.�-=.--� .
<br />� Je Fisher, Register of Deeds;
<br />MORTGAGE Hall County, Nebraska
<br />MORTGAGE LOAN NO. L 21,,498 MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That Lawrence G. McClure and Claire McClure, each in his
<br />and her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty-one Thousand One Hundred Fifty and No/100---------------- —-------------DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 211 shares of stock of
<br />said ASSOCIATION; Certificate No. L 21 ,498 MGIC , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />ONE ACRE OF LAND LOCATED IN THE SOUTHEAST CORNER OF LOT THREE (3) IN VOSS SUBDIVISION
<br />'OF ALL THAT PART OF THE.EAST HALF OF THE -SOUTHWEST QUARTER.(E,SW4) AND THE.WEST ONE
<br />HALF OF THE SOUTHEAST QUARTER (W -',SE-',) OF SECTION ELEVEN (11), IN TOWNSHIP ELEVEN.(11)
<br />NORTH, RANGE NINE (9) WEST OF THE SIXTH P.M. LYING SOUTH OF THE -LINCOLN HIGHWAY MORE
<br />PARTICULARLY DESCRIBED AS FOLLOWS:' COMMENCING AT THE SOUTHEAST CORNER OF THE WEST
<br />HALF OF THE SOUTHEAST QUARTER (W,SE4) OF SAID SECTION 11, TOWNSHIP ELEVEN NORTH,'RANGE
<br />NINE•(9). WEST OF THE SIXTH P.M., RUNNING THENCE IN A NORTHERLY DIRECTION ALONG THE EAST
<br />LINE OF THE WEST HALF OF THE SOUTHEAST QUARTER (Wr2SE4j FOR A DISTANCE OF TWENTY (20)
<br />RODS, RUNNING THENCE IN A WESTERLY DIRECTION AT RIGHT ANGLES FOR A DISTANCE OF EIGHT (8)'
<br />RODS, RUNNING THENCE IN A SOUTHERLY DIRECTION AT RIGHT ANGLES, FOR A'DISTANCE"OF.TWENTY
<br />(20) RODS, RUNNING THENCE IN AN EASTERLY DIRECTION AT RIGHT ANGLES, -FOR A DISTANCE OF
<br />EIGHT (8) RODS TO THE PLACE'OF BEGINNING.
<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 />refrigerators, 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 the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secu t by efore the same shall become delinquent;'to:furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 31 • �� payable to said ASSOCIATION and ao deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In case of default in the performance of any of the•terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises 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 agents it may desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting 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 existence of sucli
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor sliall repay said loan on or before the maturity, of said shares by
<br />payment; 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 secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 21 , l 50.,00 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 legal 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 the agreements and conditions of the Bond for S 21 150.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws o?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 for three months" to make any of said
<br />payments 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 receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining 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 exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed 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 />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment "at. tile. maximum
<br />legal rate.
<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 security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at.any,time.the original amount of this mortgage.
<br />Dated this 25th day of February A>4);1719 ]52
<br />Lawrence.G. McClure Claire McClure
<br />STATE OF NEBRASKA, ss.-•. On this 25th da of "
<br />COUNTY OF HALL y February 19%5 , before me,
<br />the undersigned, a Notary Public in and for said County; personally came
<br />Lawrence "G. McClure and "Claire McClure, each. jn hi.s and her own righto and as sous@@ of
<br />each othe are P rsonally known to
<br />me tq dprl�,iz _ o
<br />8% n$ whose name s are affixed to the above instrument as mortgagor S and -.they severally
<br />e NO I r^lyl�i'�p.
<br />'' CCiS 7lS��OiV �"
<br />EXPIFES
<br />at to be their voluntary act and deed.'
<br />hand and Notarial Seal the date aforesaid.
<br />n expires
<br />• tary Public
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