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010943
<br />Filed f o recor 2L5�,
<br />,in, Book- ZV
<br />.0 Pa
<br />e2=, Register of Deeds,
<br />MORTGAGE.- 4all County, Nebraska
<br />MORTGAGE L6AN NO. � L 21882
<br />KNOW ALL MEN BY THESE PRESENTS: That Roger D. Steeves and
<br />LaVerne F Steeves, each in his.and
<br />own right and as spouse of eachlother,
<br />her dorj�agor� whether one br more, in consideration of the sum of
<br />Forty-two Thousand Two Hundred Fift� and No/100 ------- I ------- ---------------------
<br />DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loa ! n Association of Grand Islandj ebraska, , M ortgag" e, upon 422 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21882 do hereby grant, convey an I mortgagb� unto the said ASSOCIA,'TION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />A TRACT OF LAND LOCATED IN THE SOUTHEAST QUARTE'R OF THE NORTHWEST QUARTER
<br />(SE -',NW-',) OF SECTION TWENTY-Ok (21), IN TOWNSH'IF ELEVEN (11) NORTH, RANGE
<br />NIVE (9) WEST OF THE SIXTH PIM., HALL COUNTY, NEBRASKA1, MOk PARTICULARLY
<br />DESCRIBED AS FOLLOWS: BEGINNING AT A POINT ON YHE!SOU H S; . DE OF ANNASTREET
<br />IN THE CITY OF GRAND ISLAND,.�HALL COUNTY, NEBRASKA , 15�FEET EAST OF THE WEST
<br />SIDE OF JACKSON'STREET EXTENDED SOUTHERLY, SAI'D SO 1,010 FEET
<br />[POINT'JS A
<br />SOUTHWESTERLY FROM A POINT WOERE THE SOUTHERLY,INE OF ANN STREET INTERSECTS
<br />THE EAST LINE OF THE SOUTHEAST QUARTER OF THE N)RTHWEST QU)IRTER '(SE,1,NW,1,)-. OF
<br />SAID SECTION 21'; RUNNING THENCE IN A SOUTHEASTE LY DIRECTION PARALLELIWITH
<br />THE WESTERLY LINE OF JACKSONISTREET AS EXTENDED�A DISTANCE OF 275 FEET;:.
<br />THENCE RUNNING'RIGHT 900 IN*A SOUTHWESTERLY DIR_CTION:90.4�FEET TO A -POINT
<br />OF BEGINNING; THENCE IN A S06THWESTERLY DIRECTION 90.41FEETI; THENCE RUNNING
<br />RI-GHT 900 -ALONG A LINE PARALLEL WITH THE WEST LhE'OF!JACKSON STREET A$.' -
<br />EXTENDED A DISTANCE OF 127 FEET; THENCE RIGHT 9p 1
<br />1 ALONG A 1W PARALLEL'WITH
<br />THE -SOUTH LINE OF ANNA STREET 90.4 FEET; THENCE RIGHT:�§00, 127 FEET TO THE POINT
<br />OF BEGINNING, BEING A TRACT OF LAND 127 FEET BY 90.4 FEET.�
<br />together with all the tenements, hereditaments and appurtenances thercunto belonging including:attached floor coverings,:all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing ar,d watcreqblpment�nd accessories thbreito'' pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in conr ,.tion with said real estate.
<br />And whereas the said mortgago'r has agreed and does hereby agree that the lnortg�gpr . sliall and I will play all taxes and asses�ments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby befbR tlie'same:sliall be'lome delinquent;'to ftirnish approved
<br />insurance upon tile buildings on said premises situated in the sum of s 42 250. 00 : 111payable to Isaid' A,MCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to colmnit or permit any waste on o about said premisds;
<br />tgage or t It I c bon 4 secured liereby,;the mortgagee shall,
<br />In case of default in the performance of any of tile ternis and conditions of this moil
<br />oil demand, be entitled to immediate possession of the mortgaged premises and the mortgagor liercoy asiigns, transfers and sets over to tile
<br />mortgagee all the rents, revenues and, income to be derived from the mortgaged premises'; d'6ring such'time as ific mortgage indebtedness sliall remain
<br />unpaid; and the mortgagee sliall have the power to appoint ah.y agent or agents it may desille for the 0 irpose 'of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said incomi� all expen, es of 'repairing said premises and necessary
<br />commissions and expenses incurred in renting and managin� the same and of collecting lentals ther; from; !tile balance remiining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness;! these rights of tile mortgage� I hay be ex6rised at�'any time during file 'existence of such
<br />default, irrespective of any temporary waiver of the same
<br />before the maturity of said shares by
<br />These Presents, however, are upon the Condition, Thalt if tile said Mortgagor sliall rel ay said loz,.1 on or
<br />11 I .
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured liereby as interest apd 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 assnssments lev ed against said premises hnd on this iNfortg4ge
<br />and the Bond secured thereby, before'delinquency; furnish approved insurance upon the bui dings thereon in tile sum of S 42 ?50 . 00 . payable
<br />to said ASSOCIATION; repay to said ASSOCIATION uponidemand all money by it paid for such takes, asse�sments and insu'rance with interest at
<br />the maximum legal ratc thereon from date of payment all of �vliicli Mortgagor hereby agrees to Pay; perinlit no Nv:iste on said premises.; keep and comply
<br />with all the agreements and conditions of the Bond for s 42 250. 00 ihis day given b y the said M o I rtgago�� I
<br />to said ASSOCIATION, and comply
<br />with all tile. requirements of the Constitution and By -Laws of said ASSOCIATION; tile,, se present's1sliall become null and 'void, otherwise they
<br />sliall' remain in full force and may be foreclosed at the op -tion of the said ASSOCIATI,O' a ter failure I three months to 'make any of said
<br />payments or be three months in arrears in making said monilily payments, or to keep and 0 pl with the a reements and coriditions of said Bond;
<br />and Mortgagor ag�ces to have a receiver appointed forthwith in such foreclosure procce(
<br />lin�s
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or 'of erwise, t1Jn tile �ntirc remaining indebtedness hereby
<br />secured sliall, at the option of The Equitable Building and Loan Association of Grand Island, c raska'; 'eco el immediately due, andpayable without
<br />further notice, and the amount remaining due under said bond, and any other bor 1 11 additibn'al a vances made thereunder, sliall, from the
<br />I id f6d
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage x6ay then be' foreclosed to satisfy tli6 amount due on said
<br />bond, and any other bond for additional advances, together %�itli all sums paid by said The iiquitable Building Ind Loan Association of Grand Island,
<br />fro',
<br />Neb'raska for insurance, taxes and assessments, and abstracting extension charges, with ir�d rest thereon, I date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, wh
<br />11tiortgagee May her"after advance additional sums to the
<br />ile this mortgage remains in effect tile
<br />a - rs of said Bond, their assigns or successors in interest, which sums sliall be within thd s"Lcurity o0his mortgage the same as the funds originally
<br />secur -d thereby, the total amount of'principal debt not to c x1cced at any time tile original a
<br />rount of this mortgage.
<br />Dated this: I 4�h 'day of November A.�'D. 19 75
<br />lKociOr U. Stee—ves - Lavef*ne F steeves
<br />STATE OF NEBRASKA,
<br />COUNTY OF HALL ss. On this 1 4th day of N� mbe 19.75 beforeme,
<br />tile VersiVd a Nota%Public for s d County, ersonally came
<br />Roger D. Ste6eis and La,Verne F. Steeves, each in is ncr-her wn r W as:s Suse of
<br />each ..other, %V personally known to
<br />are
<br />/6i� td.be tliLridifi,'441, e so s whose names are at fixed to the -above instri ment as mort,a,o,�s and',
<br />they severally
<br />ndwl�dgedlli —7, strument to be their luntary act and deed.
<br />ac� t�hle� ,Ii� �,
<br />vo
<br />S my liand'and Notarial fie
<br />4ITN Sea, t date aforesaid.
<br />Mk. c6m
<br />irlissior� exiiires
<br />p
<br />tary Public
<br />
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