|
Fil or recor ;n ook—
<br />Je Fisher, Register of Deeds,
<br />0.1 1�1 MjfR0nLMED. Hall County,'Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 21853
<br />KNOW ALL MEN BY THESE PRESENTS: That Paul W.00ds'and Betty J. Woods, each.in"his a nd her own.,
<br />right and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Forty-five Thousand and No/100 ----------------------------------------------------- DOLL . ARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon shares of stock of
<br />4qg �
<br />said ASSOCIATION, Certificate No. L 21853 do hereby grant, convey and mortgage unto the said A�'S CIATION the following
<br />described real estate, situated in.Hall County Nebraska:
<br />.'PART OF THE- SOUTHEAST QUARTff OF THE NORTHWEST QUARTER .(SE-,NWk-) OF SECTION 21*, IN TOWNSHIP
<br />.11 NORTH,.RANGE 9 WEST OF THE 6TH. P.M., DESCRIBED AS.FOLLOWS: BEGINNING AT A POINT ON THE
<br />SOUTH LINE'OF ANNA STREET IN THE'CITY OF GRAND ISLAND,;NEBRASKA WHERE IT INTERSECTS THE
<br />EAST PROPERTY LINE OF THE COUNTY'ROAD WHICH IS LOCATED ON THE APPROXIMATE NORTH AND SOUTH
<br />-CENTERLINE.-OF THE S-, OF THE NW4"OF SAID SECTION 21, RUNNING THENCE EASTERLYALONG THE
<br />SOUTH LINE"OF ANNA STREET 110 FEET, THENCE SOUTHERLY AT RIGHT ANGLES TO ANNA STREET 132
<br />FEET, THENCE WESTERLY PARALLEL TO'THE SOUTH LINE OF ANNA STREET 180.4 FEET TO THE EAST
<br />,PROPERTY LINE OF SAID COUNTY ROAD, THENCE NORTH ON SAID PROPERTY LINE 149.7 FEET TO THE;
<br />POINT OF BEGINNING, IN HALL COUNTY, NEBRASKA.
<br />together with all the tenements, liereditaments 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 other fixtures and equipment rl�w or hereafter attached to or used in connection with said ical 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 the bond secured thereby before tile same shall become delinquent; to furnish approved
<br />insurance upon tile buildings on said premises situated in tile sum of S 45 000. on payable to said ASSOCIATION and to deliver to , said
<br />ASSOCIATION the policies for said insurance; and not to commit or pernueany wastU on or about said premises;
<br />In case of default in the performance of any of tile terms and conditiohs of this mortgage or the bond secured hereby, tile mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and tile. 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 retilain
<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 />tile 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 the discharge of said morlgage indebledness; 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 Pres6nts, however, are upon the Conditio*n, That if the said Mortgagor shall repay said loan on or before the ma . turity 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 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 45
<br />000. 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 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all tile requirements of the Constitution and By-La11AP99AS%9)CIATION; then these presents shall become null and void, otherwise they
<br />shall remain in full force and- may be foreclosed at tile 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 the agreements andconditions 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 hereby
<br />secured shall, at tile option of Tile Equitable Building and Loan Association of Grand Isljnd, 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, froin 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 The'Equitable Building and Loan Association of Grand lsl�md,
<br />Nebraska for insurance, taxes and ass essments, 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 tile same as the funds origin.ally
<br />secured thereby, the total amount of principal debt.not to exceed at any time the original amount of this mortgage.
<br />Dated this A4th day of October A.D., ig 75
<br />Paul Woods Betty J. 400ds"
<br />STATE OF NEBRASKA, ss On this 14th day of October
<br />COUNTY OF HALL
<br />1975 , before me, . I
<br />the undersigned, a Notary Public in and for said County, personally came
<br />aul o s and Betty J. Woods, each in his and her own right and
<br />as ch other who are personally known to
<br />'S
<br />e V�,jt Vn, I onS whose names affixed to the above instrument as mortgagorS and they severally
<br />P 0.
<br />cknop-4didd-ti(i 4td inst ment to be. their voluntary act and deed.
<br />��I%ESS y hand and Notarial Seal the date aforesaid.
<br />N1 0 TA R
<br />SSIMYCLA ion expires
<br />s
<br />E Xf I I R rE
<br />Notary Public
<br />31
<br />nr rnVL
<br />
|