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MICROFILME0
<br />0 10 2 5 ki Filed for rccordAIQ��10 /1�7'4: 4','k #Mf I 06ID-1-7—
<br />of Page J-5--3
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<br />Zean Irisher, ReLl s � c 2 0 J'. ns
<br />MORTGAGE Rall Colintv. Nebraska
<br />MORTGAGE LOAN NO. L 21845*
<br />KNOW ALL MEN BY THESE PRESENTS: That Dean W� Clemans and Beth E. Clemans, each in:.his and her*
<br />own right and as spoLrse of i�ach other, Mortgagor, whether one or more, in consideration of the sum o . f
<br />7hirty-one Thousand Four Hundred and No/100 --------------------------------------- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 314 shares of stoci of.
<br />said ASSOCIATION, Certificate No. L 21845 , do hereby grant, convey and mortgage unto'the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT -RIENTY-FIVE (25) FREEDOM ACRES SUBDIVISION, IN
<br />HALL COUNTY, 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 othqr fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the 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 tile 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 31 400. 00 payable to said XSSOCIATION and to 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 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 p'remises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; tile 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 ofsUch
<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 tile 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 31 4 00. 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 agreements and � conditions of the Bond for S 31 400 00 this day given by the sa id Mortgagor to said ASSOCIATION, and comply
<br />with- all tile requirements of the Constitution and By -Laws o?said ' �SSOCIATION ; then these presents shall become null and- void, otherwise they
<br />sliall remain in full force and *rnay 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 tile 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 tile real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />sceured 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 df 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 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 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 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 />a/'�d this 2nd day of October A.D.,ig 75
<br />UA ll.zlxn/
<br />Dean W. Clemans Ben E. C1 emans
<br />STATE OF NEBRASKA, s- On this 2nd day of october ig 75 beforeme,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County personally came
<br />Dean W. Clemans and Beth E. Clem'ans, each in his and her own right and as spous� of -each
<br />other, who are personally known to
<br />me to be the identical perso nS whose _s are affixed to the above instr ent s mortgagor S and they severally
<br />acknow dgedtfie�saidinstrume'n't't'-b'b'e'l-fh,erITI.� I voluntary act and de�d.
<br />)It'A3
<br />ar I S]
<br />WITNESS my�hzihd and' N"(? �rlg e I the date aforesaid.
<br />IU1
<br />Y.Com itsi6hexpiregonE)(pires
<br />12, 1975 14
<br />3-73-2M Notary N�
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