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<br />Pa.
<br />Jean/Vislier, Register of D�ds,
<br />MORTGAGE. -
<br />I I C 'inty. Iltzb-m-
<br />MORTGAGE LOAN NO.1 21M8 i
<br />KNOW ALL MEN BY THUE PRESENTS: That Pavid L. Schaffer and Frances F. Schaffer, each in his
<br />and her own right and as spouse of each other. -
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />'rorty Thousand and No/100 ---------- -------- 7 --------------------- 7 ---------- I ----
<br />DOLLARS
<br />.loaned to said mortgagor by The Equitable Building and Loan Association- "of Grand Island, Nebraska, Mortgagee, upon 400 shares of stock of
<br />.said ASSOCIATION, Certificate No.,L 21848 do hereby grant, convey and mortgage unto tli& said ASSOCIATION the following
<br />described real estate, situated in flall;County, Nebraska: i -
<br />A� TRACT OF LAND IN THE SOUTHEAST QUARTER OF THE NORTHEAST QUARTER ($E,', NE -1,) OF SECTION
<br />TWENTY-FOUR (24), TOWNSHIP TWELVE (12) NORTH,:RANGE TWELVE (12) WEST OF THE 6TH:,P.M.,
<br />HALL COUNTY, NEBRASKA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:, COMMENCING AT A ' POINT
<br />SIXTY (60) FEET SOUTH OF THE SOUTHEAST CORNER -OF LOT SIX (6),.BLOC�;SIX (6), FOURTH
<br />ADDITION TO CAIRO, NEBRASKA; THENCE CONTINUING SOUTHERLY ALONG THE .EAST LINE OF SAID LOT
<br />SIX (6), BLOCK SrX (6) EXTENDED A DISTANCE OF -FOUR ' HUNDRED THIRTY-NINE AND SEVEN TENTHS
<br />C439.7) FEET TO A POINT':ON THE SOUTH LINE OF SAID SE4NE4,; THENCE WESTERLY ALONG AND UPON
<br />THE SOUTH LINE OF SAID SE-,NE�i A DISTANCE OF TWO HUNDRED EIGHTY (280) FEET; THENCE NORTHERLY
<br />AND PARALLEL TO THE EAST LINE OF SAI'D LOT SIX�(6), BLOCK SIX (6) EXTENDED A DISTANCE
<br />OF THREE HUNDRED NINETEEN AND THREE TENTHS (3-19.3) FEET; THENCE EASTERLY AND PARALLEL
<br />TO THE SOUTH LINE OF SYRIA STREET A DISTANCE OF ONE HUNDRED (100) FEET; THENC� NORTHERLY.
<br />AND ALONG THE CENTER WSUEZ STREET -A DISTANCE OF ONE HUNDRED TWENTY-TWO (122)�FEET To
<br />ATOINT ON THE SOUTH LINE OF SYRIA STREET; THENCE EASTERLY ALONG THE SOUTH LINE OF SYRIA STREET
<br />A.DISTANCE OF ONE HUNDRED EIGHTY080) FEET TO'THE POINT OF BEGINNING AND CONTAINING 2-.551
<br />ACRES MORE OR LESS, EXCEPTING THEREFROM THE SOUTHERLY THIRTY (30) FEET THEREOF.-..
<br />together with all the tenements, licre:ditaments and appurtenances thereunto belonging, including attached floor coverings,;all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning;' and plumbing and waterequipment 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 mortgago�'lias agreed and does hereby agree that the mortgagor shall and will pay all taxes and'a . ssessments levied or
<br />assessed upon said premises and upon'this mortgage and the bond secured there before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of s 40, V 00 payable to said ASSOCIATION and io"deliver to said
<br />ASSOCIATION the policies for said in§urance; and not to commit or permit any waste on or about said premises;
<br />In case of default in the perforroance of any of the terms and condiiions of this mortgage or the. bond, secured hereby, ille inortgagee 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 sliall 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 pr�miscs and renting
<br />the same and collecting the rcnts, revenues and income, and it may pay out of said income* all expenses of repairing said premises . and necessary
<br />co ' mmissions and expenses incurred in renting and managing the same an,d of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said ibortgage indebtedness; these rights of the mortgagee may be exercised at'any time during the'existence ofsuch
<br />default, irrespective of any temporary waiver of tile same.
<br />These Presents, however, are upon the Condition, That if the said mbrtgagor shall repay �aid 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 m.6ntli, until said loan is fully paid; pay all taxes and assessments levied aga.inst said premises dnd on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon intlic sum of S 40,000.00 payable
<br />to said ASSOCIATION; repay to said �ASSOCIATION upon demand all money by it paid for such taxes, assessments and insura-nce with interest at
<br />tile maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premi�cs; keep and comp!y
<br />with all the agreements and conditions,'of the Bond for s 40 , 000 . 00 this day given 'by the said Mortgagor to said ASSOCIATION, and comply
<br />with. all the requirements ofthe Constitution and By -Laws of said ASSOCIATION; then these presents shall become null and void -'otherwise they
<br />sliall remain in full force and may bi foreclosed at the option of the said ASSOCIATION after failure for three months to ni'ake any of said
<br />payments or be three months in arrears in making said monthly paymcntg, or to keep and comply with the agreements and conaitions of said Bond;
<br />and Mortgagor ag�ces 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 otllcr�visc, then the entire remaining indebtedne§s hereby
<br />secured shall, at the option of The Equitable Building and Loan Associatioh 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 thercu'rider, sliall, from the
<br />dhtc 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 an� other bond for additional advances, together with all sums Paid by said The Equitable Building and Loan Associaeion of Grand Island,
<br />Nebraska for insuranc�, taxes and assessments, and abstracting extension charges, with inteiest thereon, from date of paymefit 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 additional sums to the
<br />makers of said Bond, their assigns or successors in interest which sums shall be within tile security of this mortgage the same ag 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 I-Oth day of October A. D., 19 7 5
<br />2"
<br />David L.' Schaffe
<br />Frances F. Schaffer''
<br />STATE OF NEBRASKA,
<br />ss. On this 10th day of October 1975. beforeme*,
<br />CO.UNTY OF HALL
<br />lie u prsigneda �otary Public in and for said County, personally came
<br />David L. Schaffer and Frances F. Schaffer each tin Vis an er
<br />own right and as spouse� of each other who are personally known::to
<br />'th'e`1
<br />me 1071;i ffilliil person s whose name S affixed to tlie*above instrument as mortgagor S
<br />and'they
<br />severally
<br />S461:&irlstrument to be their
<br />voluntary act and4eed.
<br />W qE
<br />ITN §S my hand and Notarial Seal the date aforesaid.;
<br />--M'- C Lissior� expires
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<br />3-7 2 M Notary Publi
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