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<br />at
<br />ii for record—A/
<br />F �
<br />Of
<br />Je�6Fisher, Register o" OA
<br />11all qounty,, Neb:v��_
<br />MORTGAGE
<br />MORTGAGE LOAN NO.. L: 21823 GIC
<br />KNOW ALL MEN BY THESE PRESENTS: That Raymond E. Thomas and Lois J. Thomas, each in h I is and
<br />her own right and as spouse of each other, Mortgago ri, whether one.or more, in consideration of the sum of
<br />Eighteen Thousand and No/100 ---------------------------------------------------------- DOLLARS
<br />loaned to said mortgagor by The Equitable Building iind Loan Association of Grand Island, Nebraska, Mortgage�, upon 180 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21823 MGIC, 'do hereby grant, convey and mortgage unto the said . ASSOCIATION I the following
<br />described real estate, situated in Hall County, Nebraska:
<br />A tract of land comprising a p ' art of Block Three (3), Koehler Subdi'vision,-,being a
<br />part of the Southeast Quarter of the Southwest Quarter (SEISW,,), of Section,Fifteen
<br />J15), Township Eleven (11) North, Range Nine (9) West'of the 6th P.M., Hall. County,
<br />Nebraska,'more particularly described -as follows: Beginning at the Southwest corner
<br />of said Block Three (3); thence Northerly along and u on the West line of said Block
<br />Three (3)'a distanceof Seventy,and Four Tenths (70 . 4� Feet, to a"point on'the Southerly
<br />right—of—way line of -Memorial Drive in the city of Grand Island, Nebraska,�obtained by
<br />Ordinance No. 2123; thence Northeasterly along and upon said Southerly -line of Memorial
<br />Drive, a distance.of.One Hundr�ed Eight and Seven Tenths (108.7) Feet, to a,point on the
<br />S.outh line of an alley along the Slouth side of Block Four (4), Meves FirstAddition to.
<br />the City of Grand Island, Nebraska.; thence Easterly along and upon the Southerly line of
<br />said alley, a distance of Twenty—two and One Tenth (22.1) Feet; thence Southerly parallel
<br />to the West line of said Block Three (3), a distance of One Hundred'and Fodr Tenths (100.4)
<br />Feet, to the South line of said Block Three (3); thence Westerly along and'upon the South.
<br />line of said Block Three (3), adistance of One Hundred Twenty—seven (1,27.0) Feet to the
<br />place of,begi6ning.
<br />together with all the tene - ments; hereditaments and: appurtenances thercunto 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 thqreto, 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 tile 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 18 000. 00 payable to said ASSOCIATION ai�id w 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 tile 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 tile 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 piremise.s 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 tile discharge of said mortgage indebtedness; these rights -of the mortgagee may be exercised at any time during tile 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 />tile Twentieth day of each and evely 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 18 , 000. 00 payable
<br />to said ASSOCIATION;'repay to said: ASSOCIATION upon demand all money by it'paid for such taxes, assessments and insuritrice 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' 18 , 000. 00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all.the requirements of tile Constitution and By -Laws of said ASSOCIATION; then these presents shall become null and �oid, otherwise they
<br />shall remain in full force and may be foreclosed at the option of the s'aid 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 Ifereby
<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 Tile 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, while this mortgage remains in effect the mortgagee may hereafter advance ad . ditional sums to tile
<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 12th day of September A.D., 19 7 5
<br />R&ymond-E. Thomas
<br />Lois J. Thomas
<br />STATE OF NEBRASKA,
<br />COUNTY OF HALL ss. On this 12th day of. September 19 75 before me,
<br />the unde ned, a Notary Public in and for said County, personally came
<br />S 2' her own right and as spouse of
<br />Raymond. E. T.homas and Lois J. Thomas,,each in hi an
<br />each: -.other,.* who are personally known to
<br />e [dal p . erson S, whose name s are affixed to the above instrument. as mortgagor's and, they seyerally
<br />no instrunient to be their - voluntary act and deed.
<br />V4 E I
<br />S my hand and Notarial Seal the date aforesaid.
<br />NO TAR C mission expires
<br />C '0 410;*14 1 S S I
<br />0 Is S I N
<br />UPIRES
<br />y Public
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