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Fil d fo reco:
<br />009111120
<br />MORTGAGE
<br />KNOW ALL MEN BY THESE PRESENTS: That Timothy
<br />own right and as spouse of each other,
<br />Twenty-five Thousand:Two'Hundred and No/'
<br />loaned to said mortgagor by The Equitable Building and Loan Assoc
<br />said. ASSOCIATION, Certificate No, L ' 1 ,799 ;'do he
<br />described real estate, situated in Hall -County Nebraaska:
<br />PART::OF THE NORTHEAST QUf
<br />(2) IN TOWNSHIP ELEVEN.(-
<br />WEST OF THE 6TH P,;M.. MORE
<br />FOLLOWS:' COMMENCING .AT E
<br />THE NORTHEAST CORNER.'OF•�
<br />OF SAID SECTION TWO (2);
<br />WITH: THE: EAST LINE OF SA]
<br />OF 306.:FEET, RUNNING THE[
<br />LINE:OF SAID QUARTER•.SEC1
<br />RUNNING THENCE NORTH-; PAF
<br />QUARTER SECTION, FOR --A DI
<br />BOUNDARY' LINE OF SAID QUI
<br />ALONG AND UPON THE NORTH.
<br />SECTION, FOR A:DISTANCE C
<br />BEGINNING, SUBJECT,-HOWEI
<br />ROAD TO THE NORTH OF SAIE
<br />together with all the tenements, hereditaments and appurtenance,
<br />window shades, blinds, storm windows, awnings, heating, air conditi
<br />refrigerators, and other fixtures and equipment now or hereafter atta
<br />And whereas the.said mortgagor has agreed and does hereby a
<br />assessed upon said premises arid upon: this mortgage and the bond
<br />insurance upon the buildings on said premises situated in the sum of
<br />ASSOCIATION the policies for said insurance; and not to commit or
<br />In case of default in the performance of any of the terms.and
<br />on demand, be entitled to immediate possession of the mortgaged
<br />mortgagee all the rents, revenues and income to be derived from the
<br />unpaid; and the mortgagee shall have the power to appoint any agent
<br />the same and collecting the rents, revenues and income, and it ntay:p
<br />commissions and expenses incurred in renting and managing the sat
<br />applied toward the discharge of said mortgage indebtedness; these ril
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the s
<br />payment; pay monthly to said ASSOCIATION of the sum specified
<br />the Twentieth day of each and every month, until said loan is fully. pa
<br />and the Bond secured thereby, before delinquency; furnish approved
<br />to said ASSOCIATION; repay.to said, ASSOCIATION upon demand
<br />the maximum legal rate thereon from date of payment all of. which M
<br />with all the agreements and conditions of the Bond for S 25 '; 200 .
<br />with all the requirements of the Consf iution and By-Laws.of said AS
<br />shall remain in full force and may tic foreclosed at the option of I
<br />payments or be three months in arrears in making said monthly payr
<br />and Mortgagor agrees to have a receiver appointed forthwith in such f
<br />If there is any change in ownership of the real estate mortgagee
<br />secured shall, at the option of The Equitable Building and.Loan Asso
<br />further notice, and the amount remaining due under.said bond, ai
<br />date of exercise- of said option, bear interest at the maximum legal ra
<br />bond, and any other bond for additional advances, togetheravith all st
<br />Nebraska for insurance, taxes and assessments, and abstracting extern
<br />legal rate.
<br />As provided in the Bond secured -hereby, while this mortgaged
<br />makers of said Bond, their assigns or successors in interest, which sun
<br />secured thereby, the total amount of:principal debt not to exceed at
<br />Dated this 299# day of 'August
<br />Ti frothy. V Vhel an
<br />STATE OF NEBRASKA, ss On this 29th
<br />COUNTY OF HALL
<br />;Timothy C..Phelan and Judy R.- Phelan, eacl
<br />'other,
<br />me to be the identical persons' . whose name S are affi
<br />acknowledged the said instrument to`.be their. voluntary aci
<br />WITNESS -my -handy otarial Seal the date afore
<br />JAMES W OLSOII
<br />My C0mmtss�olt.exres
<br />.'I St.ite Qf
<br />13.73-W yr,mn
<br />— Pag4elml_
<br />Je Pisher, Register of.Deeds,
<br />-- - -Hall County,. Nebraska.
<br />• MORTGAGE LOAN NO. L 21 ,°%.99
<br />C. Phelan and Judy R. Phelan, each inn H-S'.and her
<br />Mortgagor,' whether one or more, in consideration of the sum of
<br />00-=----------------------------------- DOLLARS
<br />ition of Grand Island, Nebraska, Mortgagee, upon 252: shares of stock of
<br />.by grant, convey and mortgage unto ,the said ASSOCIATION• the following
<br />3TER (NE-,) OF SECTION TWO 4-
<br />1) , :NORTH, RANGE ;TEN (10)' Po�
<br />PARTICULARLY DESCRIBED' AS
<br />POINT 1012.5 FEET WEST,. OF
<br />4ID NORTHEAST QUARTER (NE4);
<br />RUNNING THENCE SOUTH, PARALLEL
<br />)-QUARTER SECTION FOR A DISTANCE
<br />;E WEST, PARALLEL WITH 'THE :NORTH
<br />ION; :FOR A DISTANCE OF -142.5 FEET,
<br />1LEL WITH THE EAST LINE I OF: SAID
<br />;TANCE OF 306 FEET, TO -;THE NORTH
<br />ITER SECTION, RUNNING THENCE EAST
<br />3OUNDARY LINE OF'`SAID QUARTER
<br />142.5 FEET TO'THE PLACE OF
<br />R, TO ONE HALF'OF THE''000NTY.
<br />PREMISES
<br />thereunto belonging, inclu attached floor covermgs;'alI winnow screens,
<br />ning; and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />led to or used in connection with said real estate:
<br />ree that the mortgagor shall and will pay all taxes and•'asse'ssments levied or
<br />cured thereby before the same shall become delinquent.'to;furnislt approved
<br />25,200.00 payable to said ASSOCIATION and :to deliver to said
<br />,ermit any waste on or about said premises;
<br />onditions of this mortgage" or the' bond secured hereby, the mortgagee shall,
<br />remises and the mortgagor hereby': assigns, transfers and 'sets over to the
<br />mortgaged premises during such time'as the mortgage indebtedness shall. remain
<br />rr agents it may desire for; the purpose': of repairing said premises and renting
<br />y out of said income all expenses' of repairing said premises and necessary
<br />e and of collecting rentals therefrom;1 the balance remaining, if any, to be
<br />tts of•the mortgagee may be exercised at any time during the• existence of such
<br />A Mortgagor shall repay said loan on or before the maturity 'of said shares by
<br />n the Bond secured hereby! as interest and principal on said loan, on or before
<br />t; pay all taxes and assessments levied against said premises and on this Mortgage
<br />nsurance upon the buildings'thereon in the• sum of S 25 , 200.00 . payable
<br />Il money by it paid for such taxes, assessments and insurance with interest at
<br />rtgagor hereby agrees -to pay; permit no waste on said premises; keep and comply
<br />0 this day given by the said Mortgagor:to•said ASSOCIATION, and comply
<br />OCIATION; then these presents shall become null and void -,.otherwise they
<br />e said ASSOCIATION after failure': for: three months to make any of said
<br />ents, or to keep and comply with the agreements and conditions of said Bond;
<br />reclosure proceedings.
<br />herein, by sale or otherwise, then the ;entire remaining indebtedness hereby
<br />ation of Grand Island,Nebiaska,become immediately due; and payable without
<br />I any other bond for any additional advances made thereunder, shall,.from the
<br />and this mortgage may. then be. foreclosed to satisfy the amount due on said
<br />ns paid by said The Equitable Building land Loan Association of Grand Island;
<br />on charges, with interest thereon, from date of payment at•.the maximum
<br />mains in effect the mortgagee may hereafter advance additional sums to the
<br />shall be within the security of this iortgage the same as the funds originally
<br />ny time tite original amount of tltis'rn6rtgage.
<br />A. D.; 1375 nn
<br />aj .
<br />Judy....Phel n
<br />day of August]T5 , before me,
<br />the undersi ned, a Notary Public in and for said County., personally came
<br />in his and her,own right and as Spouse of each
<br />who are person ally known to
<br />edito the above instrument as mortgagor S and , they severally
<br />and deed.
<br />ted:
<br />Notary Public
<br />
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