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• i�.,%�S at /O•"a.��td.' of
<br />Filed fo record
<br />a_ _...
<br />of Pale_ -
<br />Je Pisiler,,egister of Deeds,
<br />MORTGAGE Hall•County,Nebraska
<br />MORTGAGE LOAN NO. L '21 , 513
<br />KNOW ALL MEN BY THESE PRESENTS: That Edward F. Clinchard and Jean D.' Cl i nchard, each in his
<br />V and her own right and as spouse of each other, Mortgagor,whether one or more, in consideration of the sum of
<br />Thirty-six Thousand Seven Hundred Fifty and No/100---------------------------------DOLLARs
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 367.. shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 , 513 ' = , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate; situated in Hall County; Nebraska::
<br />LOT TWO (2) IN AMICK ACRES SECOND SUBDIVISION
<br />LOCATED IN PART OF THE ,NORTH HALF'OF THE
<br />SOUTHWEST QUARTER (N%ZSW4) AND PART OF THE
<br />SOUTH HALF OF:_.THE NORTHWEST QUARTER (S ZNWl
<br />OF SECTION TWO,(2),..TOWNSHIP NINE (9) NORTH,
<br />RANGE TEN (10) WEST OF THE 6TH P.M. IN
<br />HALL COUNTY, -NEBRASKA.
<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 36 ,750.00 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 the
<br />mortgagee all the rents, revenues and income to bederived 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 the buildings thereon in the sum of S 36 ,750.00 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 36,750. 00this 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 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 the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, whilethis 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 7 'day of arch A. D., 1975
<br />dward F. Clinchard - dean D. Clinchard
<br />STATE OF NEBRASKA, I ss. On this 7th day of March 19 75 before me,
<br />COUNTY OF•HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Edward f.. Clinchard,and Jean D. Clinchard, each in his and her own fight and as.spouse of
<br />e er, , w 10 are person spouse
<br />known to
<br />e ",bdl(r as `person S whose name S 'are affixed to tileabove instrument as mortgagor S and they severally
<br />C�wb.Nyl aged;}{E3a institimentao betheir _'voluntary act and deed:.
<br />o -SS my hand and otarial Seal the date aforesaid.
<br />t�' f OP. ;uly.0 mission expires
<br />co
<br />E u:cri °
<br />N tary Public
<br />
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