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Filed for.'record Ct,a.�:_t- is7s at_a '/� Pti• inool'
<br />�e isiler, he ister-of Deeds, .
<br />Hall County, Nebraska
<br />MORTGAGE
<br />1 MORTGAGE LOAN NO. L 21,536
<br />KNOW ALL MEN BY THESE PRESENTS: That Ray Faxon and Donna J. Faxon,each i,n'•hi's ar tier. own;
<br />right and as spouse of each other, Mortgagor, whether one or more, in consideration'ofthe sum of
<br />Thirteen Thousand Two Hundred and No/100--------------------- -------- ------DOLLARS.
<br />132-
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon shares of stock of
<br />said ASSOCIATION; Certificate No. L21 ,536 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated 'in Hall County, Nebraska:
<br />LOT TWELVE (12) OF THE COUNTY SUBDIVISION OF LOTS THIRTEEN (13) AND.SLXTEEN (16) -AND
<br />PART OF LOTS EIGHT (8)', ELEVEN (11), TWELVE (12) AND FOURTEEN.(14) OF THE COUNTY
<br />SUBDIVISION OF THE SOUTHEAST QUARTER -OF THE SOUTHWEST QUARTER (SE4-SWQ OF SECTION
<br />SIXTEEN (16), IN TOWNSHIP ELEVEN (11) NORTH OF RANGE NINE (9), ALSO THAT PART OF LOT
<br />SEVENTEEN (17) OF THE COUNTY SUBDIVISION OF THE SOUTHEAST QUARTER OF THE SOUTHWEST
<br />QUARTER•(SE4SW4) OF SECTION SIXTEEN '(16), IN TOWNSHIP ELEVEN (11) NORTH OF RANGE :
<br />NINE (9), DESCRIBED AS FOLLOWS, TO -WIT: COMMENCING AT THE NORTHWEST CORNER OF SAID
<br />LOT SEVENTEEN (17), THENCE EAST, -ALONG THE NORTH LINE' OF SAID LOT, THIRTEEN (13)
<br />FEET, THENCE IN A.SOUTHWESTERLY DIRECTION FOURTEEN AND SIX -TENTHS (14.6) FEET TO
<br />A POINT ON THE WEST LINE OF SAID LOT, SIX AND SIX -TENTHS (6.6) FEET SOUTH OF -THE
<br />NORTHWEST CORNER THEREOF,, THENCE NORTH ALONG THE WEST LINE OF SAID LOT ABOUT SIX AND
<br />SIX -TENTHS (6.6) FEET TO THE PLACE.OF.BEGINNING; ALSO LOT;FOUR (4) IN BLOCK FOUR.(4)
<br />IN ELM PLACE, AN ADDITION TO THE CITY OF GRAND ISLAND, 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 agieed 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 1 3 , 200.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION tile 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 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 13 , 200.00 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 agreetnents and, conditions of the Bond for S13 , 200.00 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 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 />band, 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 rale.
<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 tite 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 31st day of March A.D., 1975
<br />��_�– � iii� . % .. • �/GL—�!_G—mac/
<br />Ra xon Yonna J. Faxon
<br />STATE OF NEBRASKA, ss. On this 31st 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 />Ray Faxon and Donna J. Faxon, each in his and her own right and as spouse of each other,
<br />who are personally known to
<br />�`ir.
<br />me to be the identical person S whose names, arE°°,,n!effked to the above instrument as mortgagor S and they severally
<br />acknowledged the said instrument to be ' vohintary.act=and deed.
<br />WITNESS my hand and NY' ial S61!the.:date aforesaid':, "
<br />... •
<br />My Commission expires V�� � 7i.,i'� %,'7, / �? •� � � � `��• �L
<br />Notary Public
<br />3-73-2M �•.... r
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