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010 441 2
<br />V
<br />MORTGAGE llall,County, Nebraska
<br />MORTGAGE LOAN NO. L 21830
<br />K�OW AILL'MEN BY THESE PRESENTS: That David R. Speck and Barbara J. Speck, -each in his and
<br />her own right and as -spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Fourteen Thousand Four Hundred and No/100 ------------------------------------------ L76OLLARS
<br />loaned to said mor tgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 144 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 do*hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall CounlyfflAraska:
<br />THAT PART OF -THE EAST HALF (E'-) OF.BLOCK TEN (10) IN
<br />2
<br />SHERIDAN PLACE, IN. -GRAND ISLAND, HALL COUNTY, NEBRASKA, LOCATED -
<br />IN THE SW-, OF SECTION 8, TOWNSHIP 11 NORTH, RANGE 9 WEST OF
<br />THE 6TH P.M., DESCRIBED AS COMMENCING AT THE SOUTHEAST -CORNER OF
<br />SAID BLOCK 10 RUNNING THENCE NORTH ALONG THE EAST LINE OF SAID -BLOCK
<br />10 A DISTANCE OF 121.33 FEET., TURNING THENCE WEST AND RUNNING
<br />A DISTANCE OF 66 FEET, TURNING THENCE SOUTH AND RUNNING A DIS
<br />TANCE OF 121.33 FEET TO THE SOUTH LINE,'OF SAID BLOCK 10
<br />THENCE EAST AND RUNNING ALONG THE SOUTH LINE OF SAID BLOCK 10
<br />A DISTANCE OF 66 FEET TO THE PLACE OF BEGINNING.
<br />together with all tile 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 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 tile 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 tile sum of S1 4 400. 00 payable to said ASSOCIATION'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 condition's of this mortgage or the bond secured hereby, the 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 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 premises and necessary
<br />commissions and expenses incurred in repting and managing the same and of collecting rentals therefrom; the' 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 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 tile Bond secured thereby, before delinquency; fuinish approved insurance upon the buildings thereon in the sum of S 14 400. 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 tile agreements and conditions of tile Bond for S 14 5 4& 00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requ.irenients of tile Constitution and By -Laws of sai ASSOCIATION; 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 and conditJons 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.otlierwise, then the entire remaining indebtedness hereby
<br />secured shall, at tile option of Tile Equitable Building and Loan Association of Grand Islznd, Nebraska, become immediately due and payable without
<br />further notice, drid the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from tile
<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 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 />ated this th y of S tember 19 75
<br />David R. S'p_e_c_k___(/
<br />STATE OF NEBRASKA, ss.
<br />COUNTY OF HALL
<br />David R. Speck and
<br />other,, _ -
<br />me to be the identical person S
<br />/i "A A 6 4 A , (Ij I v `�,, P -
<br />Barbara J. Speck V
<br />On this 17th day of September
<br />19 75 , before me,
<br />Barbara--J.-Spe ck. the undersigned, a Notary Public in and for said County, personally came
<br />,gNh in his and her own right and as spouse Qf each
<br />who personally known to
<br />A are
<br />-GAz,)2'�h,
<br />whose
<br />acknowledged the said instrument to be - the
<br />WITNESS my hand and Notai
<br />My Commission expires '40"
<br />3-73-2M
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<br />I Seal the'.ditiV&esaid.
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<br />OF
<br />above instrument as mortgagor S * and they severally
<br />_21;;� �/
<br />U, 4,
<br />Notary Public
<br />
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