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<br />01109q
<br />MORTGAGE Hall. County, -Nebraska
<br />MORTGAGE LOAN NO. L 21,889
<br />KNOW ALL . MEN BY THESE PRESENTS: That Roland- D. Sems and Carol A. Sems, each in biS.and her
<br />own right and as spodse of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Thirty-five Thousand Five Hundred -and No/100 ---------------------------------------- DOLLARS
<br />355
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon shares of stock of
<br />said ASSOCIATION, Certificate No. L 21,889 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in *Hall County , Nebraska:
<br />LOT ONE(l), LE HEIGHTS FOURTH SUBDIVISION, COMPRISING
<br />A PART OF THE EAST HALF OF THE NORTHWEST QUARTER (E,1,NW-Q
<br />OF SECTION ELEVEN.(11), TOWNSHIP ELEVEN -(11), NORTH,
<br />RANGE TEN (10) WEST OF THE 6TH P.M., IN HALL COUNTY',
<br />NEBRASKA.
<br />together with all the tenements, liereditamerits 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 />refriprators, and 6ther 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 the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon th , c buildings on said premises situated in tile sum of S 35 500. 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 tile 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 aisigns, 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 tile 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 mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<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 thi * s Mortgage
<br />and tile Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in tile sum of S 3 5, 500. 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 />w . ith all the agreements and'conditions of the Bond for S 35 500. 00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of thp Constitution and By -Laws o? said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain in full force and may 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 the agreements and conditions of said Bond;
<br />and t,.ortgagor 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 />s6cured sliall, at tile option of Tile Equitable Building and Loan Association of Grand IsMild, 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 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, ta)�es 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 tile mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successor0n interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />total amount of princ* Tdebt noi to exceed at any time the original amount of this mortgage.
<br />se
<br />d1f November A.D., 19 7 5
<br />--0 cu-'e—P
<br />R-94and-D. -Sems Carol A. Sems
<br />STATE OF NEBRASKA, � ss. On this 21 st day of November 19 75 bcfQreme,
<br />COUNTY OF -HALL
<br />the �ndersigned, a Notary Public in and for said County personallycame
<br />Roland D. Sems and Carol A. Sems., each in his an her own right and as spouse of each
<br />other who are personally known to
<br />me to be�a��O_J-WGNW whose name s are affixed to the above instrument as mortgagor S and they severally
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<br />PYOTNESS MV
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<br />be' their . voluntary act and de�d.
<br />nd Notarial Seal the date aforesaid.
<br />i,es D -4-c- Z, 1'9
<br />Notary Public
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