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MORIGAUE 87- 101245
<br />MORTGAGE LOAN NO. L
<br />pqO- -W ALL MEN B''Y THESE tFR EShNI :That Ronald C. George and Carol i n e7. George, each in his and
<br />her own right and as spouse of each ocher, Mortgagor. whetter one or more, in oomidetafion of ft stem of
<br />Ninety 't'Inntt -and arm nn/Inn loaned to said mortgagor by The Equitable Building and Loan Association of Grand Islard,ficbraska,Martgagee, upon 900 abases of stock of
<br />said ASSOCIATION, Certificate No_ L , do hereby grant, convey and raortgttge unto the said ASSOCIATION the f0BoWin6
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Six (6), in Block 'Rjo (2), Lake Davis Acres Subdivision, Hall County,
<br />Nebraska.
<br />The North Sixty Feet (60') of Lot Two Hundred Seventy -Nine (279), in West
<br />T,awn, in the City of Grand Island, Nebraska, and the North Sixty Feet (60')
<br />of a Tract of Land situated in a part of the Southeast (kharter of the
<br />Southeast Quarter (SEiSEI-�) of Section Eight (R), in Townshiw Eleven (11),
<br />North, of Range Nine (9), West of the 6th P.M_, which Tract is more
<br />particularly described in its entirety as follows: Beginning at a point
<br />on the South Tine of said Section, 34 Rods West of its Southeast Corner,
<br />running thence West on said South Line, 7 Rods, and qk'; thence North
<br />12 Rods, thence East 7 Rods and 11i', and thence South 12 Rods to the
<br />place of beginning,
<br />together with all the tenements, hereditaments and appurtenances thereunto Ix:oogisur, including attached floor covering, all window saetas,
<br />window shades, blinds, storm windows, awnings, heating, an conditioning, and plumbing and water equipment and accessories thereto.pmps,sioves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection w itt, said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the ntortagor shaII and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereb, 6cforr the same shall become delinquent, to futuish approved
<br />instuance upon the buildings on said premises situated in the sum of Sc)(), 0110. 00 payable to said ASSOCIATION and to de ivrr to said
<br />ASSOCIATION the policies for said insurance: and not to commit or perrut ary waste on or about said premises:
<br />In case of default in the perforrmiance of any of the terms and conditions of this martptgc or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premirs and the mortgagor bereby assigns, tramiera and sets ova to the
<br />mortgagee aft the rents, revenues and mome to be derived from the mortgaged premises during such tine as the
<br />unpaid: and the mortgagee shall have the power to appoint any agent or agents R ��p sW [ea®g
<br />tray desire for the purpose of repaving said premises and renting
<br />the stmt and colle." the rents, revenues and income, and it may pay out of said income aH expenses of repairing said p and accessary
<br />commissions and expenses incurred in renting and managing the same and of coflectms rentals therefrom: the balance if
<br />tetg de ex, nay, s be
<br />applied toward the discharge of said mortgage indebtedness_ these rights of the mortgagee may be exercised at my time during the �¢ of such
<br />default, irrespective of any temporary waiver of the sate.
<br />These Presents, however, are upon the Condition. That if the said Mortgagor shall repay said loan on or before the maturity of said slaws 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 an this Mortpge
<br />and the Bond secured thereby, before delinquency; furnish approved insuiance upon the buildings thereon in the arm of S 90, 000.00 Payer
<br />to said ASSOCLiTION', repay w said ASSOCIATION upon demand aft money by it paid for such taxes, assessments and iaaaatxe with mierest at
<br />the maximum legal nu thereon from date of payment all of which Mortgagor hereby agrees to pay: permit m vrasu on said premises; keep tad dotrspty
<br />with all the agreements and conditions of the Bond for S 90 000.00 this day riven by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -taws Wsaid ASSOCIATION; then these presents shag become mill and solo, otherwise they
<br />shall remain in full force and may be foreciowd at the option of the said ASSOCIATION after failure for three months to mate any of said
<br />payments or be three months in arrears in making said monthly payments, of to keep and comply with the agreements and conditions of said Bond:
<br />and Mortgagor agrees to have a receiver appointed forthwith in each foredusure proceedings.
<br />If these is any shiner in ownership of the real estate mortgaged herein_ by sale or ot��wiste, ihm the attuce remaining
<br />secured shill, at the option of The Equitable Bmidmg add Loan Aa cam--- cf Gard h, , :,':ebia , b=sese mmooately due and payable wIthom
<br />further tra", and the amount remaining die under said bond, and am other bond for any additional advances made thaeusila, shag, from the
<br />date of exercise of aid option, beat interest at the mazimtmm legal rate, and this mortgage may then be foreclosed to satisfy the atmurd due an s aid
<br />bond, and any other bond for additional advances, together with all amts paid by said The £gtsitabie Btu"d"mg and Icon Anocstion of Grand Island,
<br />Nebnuka for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the IIax�Im
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgage-- may hereafter advance additional swims to the
<br />makers of said Braid, their assigns or successors in interest, which stems slug be within the security of this mortgage the same as the f.mds originally
<br />secured thereby, the total amount oLprincipal debts riot` to ex at any time the original amount of this mortgage,
<br />red t Yk day of I `�\A�vcA' „ A. D_, 19 £i7
<br />lIL- �
<br />uarof.. t . �
<br />ine 5 _
<br />STATE OF NEBRASKA, ss On this day of ,"L 19 R7 ,before me,
<br />COUNTY OF HALL
<br />Ronald C. cieCi the undersigned a Notary Public in and for ad County, personally tame
<br />rye and Caroline J. George, each in his an� her own right and as spouse of
<br />Pach other, who
<br />are personally, known to
<br />me It, be the identical person S whose name s are affixed to the above instrument u mortgagor S and they severally
<br />adtnowWWeid the said instrument to be the r voluntary act. and deed.
<br />WPTNUSS my hand and Notarial Scat the date aforesaid.!
<br />My { r- .rmtrniraicm raptras
<br />Onto sir . 7y,„ _ 1 f Notary -pubim
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