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Fi ed•for record _ Q.; . -5� /9�
<br />-s .4- M . , in B
<br />Of Page.
<br />Je lsher. Register of Deeds';::.
<br />MORTGAGE Hall County,'Nebraska.'
<br />MORTGAGE LOAN N0: L 21,502
<br />KNOW ALL h1EN BY THESE PRESENTS: That Ral ph 'Wi l helmi and . Patty Wi l helmi ,. each in hi S dnd her
<br />11 ,, own right and as spouse. of each other, Mortgagor, whether one or more, inconsideration of the sum of
<br />V Sixteen Thousand and No/100-------------------------------------------------------DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 160 -shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,502 ; do hereby grant, convey and mortgage unto the said- ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />THAT PART OF THE SOUTHWEST QUARTER OF.THE SOUTHWEST QUARTER (SW4SW4) OF SECTION
<br />THIRTY=FOUR.(34), TOWNSHIP TWELVE (12) NORTH, RANGE TEN (10), WEST OF THE 6TH P.M.,
<br />HALL COUNTY, NEBRASKA, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT A
<br />POINT THIRTY-THREE (33) FEET NORTH AND THIRTY-THREE (33) FEET EAST`OF THE SOUTH-
<br />WEST CORNER OF SAID SECTION THIRTY-FOUR (34), WHICH IS THE POINT OF BEGINNING AND
<br />WHICH IS ALSO DESIGNATED BY A CONCRETE MARKER INSTALLED BY THE HIGHWAY DEPARTMENT
<br />AND RUNNING THENCE NORTH ONE HUNDRED (100j FEET ALONG AND UPON THE EAST BOUNDARY
<br />LINE OF THE PUBLIC ROAD RUNNING-NORTH AND SOUTH PARALLEL TO.THE WEST SIDE OF SAID
<br />SECTION THIRTY-FOUR (34), THENCE AT RIGHT ANGLES IN AN EASTERLY DIRECTION AND
<br />PARALLEL WITH.THE SOUTH BOUNDARY'.LINE OF SAID SECTION THIRTY-FOUR (34), A DISTANCE.
<br />OF NINETY (90) FEET,-THENCE SOUTHERLY'AT'RI'GHT ANGLES AND PARALLEL WITH THE
<br />WESTERLY BOUNDARY LINE OF SAID SECTION THIRTY' FOUR (34)•A DISTANCE OF ONE HUNDRED
<br />(100) FEET TO THE NORTH EDGE OF THE HIGHWAY ABUTTING SAID SECTION THIRTY-FOUR ('34)
<br />THENCE WESTERLY ALONG THE NORTH EDGE OF SAID HIGHWAY A DISTANCE OF:NINETY (90)
<br />FEET TO THE POINT 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 secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 16 , 000. 00 payable to said ASSOCIATION and to,deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or aboutsaid 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 such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor sltall 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 i\lortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 16., 000.00 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 16 000.00 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 />sltall 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 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 />Nel;raska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the 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 27th day of February A. D., 19 75
<br />Ralph ilhelmi Patty Wflhelmi
<br />STATE OF NEBRASKA, �. ss: On this 27th day of February 1975. , before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Ralph Wi•1 helmt -and Patty Wi l helmi each in his and her own right and awho asrspouse soflly kpoh to
<br />other., .
<br />me tt 1 person S whose name S are affixed to the above instrument as mortgagor S and they, severally
<br />aov}f�Sged fhb aidrtnstrumentto be their voluntary act and deed.
<br />!, - Y NES my hand and Notarial Seal the date aforesaid.
<br />J [
<br />My Com 'ssion expires
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