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<br />9o-- 10G02:1
<br />MORTGAGB
<br />MORTGAGE LOAN NU. L 25583
<br />KNOW ALL MEN BY 711F:SE PRESENTS: That THOMAS M. ATKINS AND LINDA J. ATKINS, EACH IN HIS AND
<br />HER OWN RIGHT, AND AS SPOUSE OF EACH OTHER
<br />FIVE THOUSAND EIGHT HUNDRED AND NO/ 100_ - - - — — Mortpaor. whether one or snore. In consideration of the sran of
<br />- - — 7777_ _ ------------------- - - - - -7_ WLURS
<br />loaned to said mortgagor by The liquitable Building and Loan Associating of a ;tand Island, Nebraska, Mortgagee, upon 58 shares of stock of
<br />said AS.SOCIA11110N. Certifrate No. L 25583 . do hereby grant, convey and mortgage ttmep the Laid ASSUCL41M &a followistg
<br />descWad rat estate, situated in hall County. Nebraska-
<br />A TRACT OF LAND COMPRISING A PART OF THE SOUTHWEST QUARTER (SW/4) OF SECTION ONE (1), TOWN-
<br />SHIP ELEVEN (11), NORTH, RANGE TEN (10) WEST OF THE 6TH P.M. IN HALL COUNT', NEBRASKA,
<br />DESCRIBED AS FOLLOWS: BEGINNING AT THE (NORTHWEST CORNER OF SAID SOUTHWEST QUARTER (SW/4)
<br />THENCE RUNNING SOUTHERLY ALONG THE WESTERLY LINE OF SAID SOUTHWEST QUARTER (SWn) A DIS-
<br />TANCE OF TWO HUNDRED TWENTY -THREE AND THIRTY -EISHT HUNDREDTHS (223.38) FEET; THENCE RUN-
<br />NING EASTERLY AND PARALLEL TO THE NORTH LINE OF SAID SOUTHWEST QUARTER ZS1 +1':) A DISTANCE OF
<br />ONE HUNDRED NINETY -FIVE (195.0) FEET; THENCE RUNNING NORTHERLY AND PARALLEL TO THE WESTER-
<br />LY LINE OF SAID SOUTHWEST QUARTER (SA) A DISTANCE OF TWO HUNDRED TWENTY -THREE AND THIRTY -
<br />EIGHT HUNDREDTHS (223.38) FEET TO A POINT ON THE NORTHERLY LINE OF SAID SOUTHWEST QUARTER
<br />(SA). THENCE RUNNING WESTERLY ALONG AND UPON THE NORTHERLY LT_NE OF THE grnITHWFST QUARTER
<br />(SW4) A DISTANCE OF ONE HUNDRED NINETY -FIVE (195.0) FEET TO THE POINT OF �BEGINNING,
<br />taaethet with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverin p, all window screens,
<br />window shades. blinds, norm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, (pumps, stoves, ; s
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate. I+
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all tauten and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the sane shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 5, 800. UO payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and tiol 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 neortgage or the bond secured hereby, the mortgagee shall,
<br />on demand. be entitled to immediste possession of the mortgaged premises and the nortgagor 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 tune as the mortgage indebtedness shall remain ,
<br />unpaid; and the mortgagee shag have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting ; the same and collecting the rents. revenues and income, and it may pay out of said income all expenses of repairing said premises and neaxssary r:
<br />eximminions and expenses incurred in renting anO managing the same and (if ,:olleciing rentals therefrom, the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights it( the mortgagee may be exercised at any time during the exwlee= of such
<br />de call, 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 Mortpge
<br />and the Bond secured themby,before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 5 t 800.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by at paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Moelgagur hereby agrees to pay; permit no waste on said premises; keep and comply
<br />t:
<br />with all the agreements and auditions of the Bond riot S 5, 800.00 this day given by the said Mortgagor to said ASSOCIATION, and comply � with all the requirements of theConstitutiun and by-laws of 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 nwnths to make any of said
<br />payments or be three months in arrears in making said monthly payments, o m on
<br />r to keep and comply with the 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 the real estate mortgaged herein, by We or otherwise. then the entire renwvouig indebtedness hereby
<br />secured shall. at the option of The Equitable Building and Loan Association od' t ;rand Island. Nebraska,become immediately due and payable without
<br />further notice. and :the amount remaining due tenter said bond, and any other bond for any additional advances made thereunder, shall, frown the
<br />date of exercise use .rid 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 surru paid by said The Equitable Budding and Loan Asacocistion of Grand Island,
<br />Nebraska for insurance, taxes and ossearnents, and abstracting extension charges, with interest thereon, from date of pavownt at the maximum
<br />legal rate.
<br />..- ,..,....suit s+• tin r lu ica;uleu lic.c'vy, woiic inn mortgage remains in effect rho mortgagee nun bereatler advutce additional turns to the
<br />makers of said Bernd, their assigns or succenurs in mteoest, which sums shall be wrthro the security of tunas mortgage the same as the funds originally
<br />retuned thereby, the total amount of principal debt rt.r to exceed at any tittle the ougmaf amount of this mortgage
<br />f .uhf -- day of October A. f,_, 90
<br />STATF.OF NEBRASKA. is On this 15th day of October 1990 . before me,
<br />COUNTY OF I TALL of
<br />THOMAS M. ATKINS AND LINDA J. ATKINS, EACH INnd��u tEN& 1'ublr, m and for said County. pers,nnallyprlx �r
<br />RIGHT, AND AS SPOUSE OF EACH OTHER %h o, ARE personally known to
<br />f�
<br />me to be the identical person S whose name S ARE atimcd to the above iustnnornt a+ nwrtpgur S and THEY severally W
<br />acknowledged the said msttwnent to be THEIR voluntary act and deed to
<br />WIT NI:tiS ndy hand and Nautarr el Seal the d.rc abaewd r w.
<br />My l'ununossnm rxpurn mm BNB
<br />10742M RI B' Nnlai� Pohh.
<br />Mat ciew fall. on t
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