|
/S
<br />Filed for recordiz22,54, 14. in Bqok-
<br />of lzl,"
<br />Je�� Fisher, Reftistbr.of Deeds,
<br />Hall County, Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L - 18 MGIC
<br />KNOWIALL NiEN BY THESE PRESENTS: That Duane. L. Smith and Betty M. Smith, each in fi�is and her
<br />own right and, as spouse of each cither, Mortgagor, whether one or more, in conside�ation of the sum of
<br />Thirteen Thousand Seven Hundred Fifty and ---- ---------------- �--DOLLAJZS
<br />loaned to said mortga . gor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 137 sliares of stock of
<br />said ASSOC IATION','Certif icate No. L 21822 MG TC do liereby grant, convey and'nlortgage unto the said ASSOCIATION the following
<br />described real estat'e", situated in Hall County, Nebraska-,
<br />.-PART OF LOT EIGHT IN VANTINE'S SUBDI'VISION LOCATED ON
<br />PART OF THE NORTHWEST QUARTER (NWQ OF SECTION 22, IN
<br />TOWNSHIP 11, NORTH.'RANGE 9 WEST OF tHEI$IXTH P.M., MORE
<br />PARTICULARLY DESCRIBED AS 'FOLLOWS, TO -WIT:.. COMMENCING AT
<br />A POINT 50.5 FEET SOUTH OF THE NORTHWEST.I'CORNER OF SAID
<br />LOT 8,AND RUNNING'THENCE FROM SAID POINT * 'SOUTH UPON THE
<br />WEST BOUNDARY LINE OF SAID LOT FOR A DISTANCE OF 50.5 FEET
<br />TO -THE SOUTHWEST CORNER OF SAID LOT, RUNNING THENCE EAST
<br />UPON THE SOUTH BOUNDARY LINE OF SAID LOT FOR A DISTANCE OF
<br />135 FEET, RUNNING THENCE NORTH, PARALLEL -WITH THE WEST
<br />BOUNDARY LINE OF SA.ID LOT, FOR,A DISTANCE OF 50.5 FEET,
<br />RUNNING THENCE WEST, PARALLEL WITH THE SO UTH BOUNDARY LINE
<br />OF SAID LOT, FOR A DISTANCE OF 135 FEET TO THE PLACE OF�BEGINNING.
<br />together witli all tile tenements, liereditaments and alipurteriances fliereunto belonging, including attaclied noor coverings,�all window screens,
<br />window sliades, blinds; storril windows, awnings, licating, air conditioning,and plumbing and:water equipment and accessories fliereto pumps, stoves,
<br />refrigerators, arid otlier fixtures and equipment now or licreafter attaclied to or used in connection witli said real estate. -
<br />'And whereas t1i6 said mortgagor lias agreed and does hereby agree thil't tile mortgagor sliall arid will ply all taxes and assessments levied or
<br />assessed upon said premises arid upon this mortgage and the bond secured tilereby before tli6 same shall become delinquent; to furnisli approved
<br />insurance upon tile buildings (in said premises situated in the sum of S 13 1750 . 00 payable to said ASSOCIATION arid to deliver to said
<br />ASSOCIATION the policies for said insurance; arid not to commit or permit any waste on or about said prcrnis�s;
<br />In case of default. in the performance of any of the terms and conditions of this mortgage or the bond. secured liereby, the niortg,agee shall,
<br />on. demand, be entitled to immediate possession of tile -mortgaged premises and the mortgagor liereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues arid income to be derived. from tile mortgaged premises during such time as the mortgage indebtedness sliall remain
<br />unpaid; arid the niortgagee sliall have the power to appoint any agent or agents it may desiie.jor the purpose of repairing said premises arid renting
<br />the same arid collecting the rents, revenues and income, and it may pay out of said incom'd: iill expenses of repairing said premises arid necessary
<br />commissions arid expenses incurred in ' renting and managing the same and of collecting rentals tlierefrom; the balance remaining, if any, to be
<br />applied toward tlie.dis�charge of said mortgage indebtedness; tliesc rights of the niortgagee nihv be exercised at any time during'flie existence ofsucli
<br />default, irrespective of any temporary waiver of the same.
<br />These Present . s; llowever, are -upon tile Condition. Tliat if tile said Mortgagor sliall repay- said loan oil or'before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the s ' urn specified in the Bond secured h6reby as. interest arid principal oil said loan, on or before
<br />tile Twentieth day &f.eacli andevery montli. until said loan is full), paid; pay all taxes and ass4snients levied against said premises arid oil this Mortoage
<br />and tile Bond secured thereby, before delinquency; furnisli approved insurance upon the buildhigs thereon in tile sun, of s 13,,750 . 00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION up * oil demand all money by it paid for sucli taxes, assessments and insurance with interestilt
<br />tile maximum legalrate thereon from date of payment all'of which Mortgagor hereby agrees to.oay; permit no waste oil said premises-, keep arid comply
<br />witli all tile agreements'and conditions of the Bond for S -.13 750 . 00 this day given by. the said Mortgagor to said ASSOCIATION, arid comply
<br />witli all tile requirements of the Constitution and By -Laws of said ASSOCIATION; then diese presents sliall become null arid void, otlierwise tile%
<br />sliall remain in full force arid may be foreclosed at tile option of the said ASSOCIATION' after failure for t1irce niontlis to make any of said
<br />payments or be tilre6 months in arrears in making said rriontlily payments, or to keep and comply witli the agreements arid conditions ofsaid Boil I d-,
<br />arid Mortgagor agrees to liave it receiver appointed fortliwitli in sucli foreclosure proc6edings.
<br />If there is ,my eliange in owilersliip of the real estate mort,,aged herein, by sale or oflierwise, tlien the entire remaining indebtedness liereby
<br />.secured shall, at tile option ofThe Equitable Building arid Loan Association of Grand Island�Ncbraska, become immediately due andpayable witliout
<br />furtlier notice, and the amount remaining due under said bond, arid any otlier bond for any additional advances made flicreunder, sliall, fioni the
<br />date of exercise of said option, bear interest at the maximum legal rate, arid this mortga
<br />_gc may then be foreclosed to satisfy the amount due on said
<br />bond, arid any otlier bond for additional advances, together witli all sums paid by said Tile Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insuiance, taxes and assessments, and abstracting extension cliarges, witli interest tli6reon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured liereby,.wliile tbis mortgage remains in effect the Illortgagee may liereafter advance additional sums to the
<br />makers of said Bond, tlicir assigns or successors in interest, wliicll sums sliall be witliin the security of this mortgage the same as the funds orieinally
<br />secured tlicrcby, flid"total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />,,�)ted tills 12tfi—� /�4qa of September A.:D.,;19 75
<br />27-
<br />DTane L. Smith -Betty M� Smith
<br />STATE OF NEBRASKA, day of. before tile,
<br />ss. On Otis- 12th September 1975
<br />COUN'
<br />tile undersigned', a Notary Public in and for said County, personally came
<br />Duane L. Smith,and Bet . ty M. Smith,--bach in his and her oWn right and as s Ouse of each
<br />other, W110 ape personally known to
<br />me to be tlie'identical person s liose name S are'.' affixed to the above instrument as mortgagor, S ana they severally
<br />w
<br />acknowledged the said instrument to be the.j.*r'.,,,. voluntar�,'4&and deed.
<br />WITNESS my liand and Notarial S&ai�tlle.'dfte afor6a'i,d,.
<br />%
<br />Nly Commission expires 7- C�Z/ 4
<br />Notary Public
<br />3-73-2M
<br />I C V
<br />OF '%'U.
<br />
|