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in B ok / 6 d' Ii�CROF1tMER
<br />Friled for record
<br />11 .,
<br />Pase T3 G --
<br />J ean ish�is ter of Deeds,
<br />MORTGAGE hall County, Nebraska
<br />MORTGAGE LOAN NO. L 21,511 MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That Ronald D. Riley and Brenda S. Riley, each in his and
<br />her own right. and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty-eight Thousand Three Hundred Fifty and No/100-------------------------------DOLLARS
<br />loaned to said'mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 283 shares of stock of
<br />said ASSOCIATION; Certificate No. L 21 ,511 MGIC, do hereby grant, convey and. mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:,
<br />A TRACT OF LAND LOCATED IN THE SOUTHEAST QUARTER OE THE SOUTHEAST
<br />QUARTER (SE,, -SE,!,) OF SECTION TWENTY (20), IN TOWNSHIP ELEVEN (11),
<br />NORTH, RANGE NINE (9) WEST OF THE SIXTH P.M.', -MORE PARTICULARLY
<br />DESCRIBED AS FOLLOWS, TO -WIT: BEGINNING AT THE SOUTHEAST CORNER
<br />OF BEL -AIR ADDITION TO THE .CITY OF GRAND ISLAND, NEBRASKA; RUNNING
<br />THENCE IN A SOUTHERLY DIRECTION ALONG AND UPON THE EAST LINE OF
<br />THE SE -1, OF SAID SECTION 20, A DISTANCE OF 310 FEET -TO THE ACTUAL
<br />POINT OF BEGINNING; THENCE CONTINUING ON SAID EAST LINE IN A SOUTHERLY
<br />DIRECTION FOR A DISTANCE OF -70 FEET; THENCE'TURNING AND RUNNING
<br />WESTERLY PARALLEL TO THE SOUTH LINE OF SAID'SECTION 20, A DISTANCE
<br />OF 115 FEET; THENCE TURNING AND RUNNING NORTHERLY'ON A LINE PARALLEL
<br />WITH THE EAST LINE OF THE SE4 OF SAID SECTION•20,.A DISTANCE OF 70
<br />FEET; THENCE TURNING AND RUNNING EASTERLY PARALLEL TO THE SOUTH LINE
<br />OF SAID SECTION 20, A DISTANCE OF 115 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 28 , 350 .'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 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 tite
<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 shall'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 tite buildings thereon in the sum of S 28 , 350.00 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 28 , 3 50.00 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; 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 sliall, 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 tite 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 6th day of March
<br />i
<br />Ronald D.. 'Riley
<br />A. D., 19 7 5
<br />Brenda S. Riley
<br />STATE OF NEBRASKA, ss._ On this 6th day of
<br />March 19 75 ,before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Ronald D. Riley and Brenda S. Riley, each in his and her own right and as spouse of each
<br />other, who are personally known to
<br />me to be the identical person S 'whose name.S are affixed to the above instrument as mortgagor s and they severally
<br />acknowledged the said instrument to be their voluntary act and deed.
<br />WITNESS my hand and 4otarial Seal the date aforesaid.
<br />My Commission expires, •` r'
<br />3732M Notary Public
<br />
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