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MORTGAGE 87-102949
<br />MORTGAGE IRAN No. L 24784
<br />KNOW ALL MEN BY THESE PRESENTS: That Rick D. Rodenbaugh and Darlene D. Rodenbaugh, each in
<br />his and her own right and as spouse of each other, Mortgagor, whether Oise or nose, inconsideration � the nowt �
<br />i Qhtrscsn 3rv1 Th, -_� 1Ld n . r-
<br />1`bQ,L Fittr[riT a r _
<br />k—W to rid DOLLARS
<br />by The Rquitisk Building arud IA= Association of Grand Island, Nebraska, Mortgagee, u 183
<br />aid ASSOCIATION, Certificate No, L 24784 do hcrcb P� shares of stock of
<br />d"Crilsed real estate, situated in If" County, Nebraska: y grant, convey and mortgage unto the said ASSOCIATION this following
<br />The Westerly One Hundred Forty Eight (148) feet of the North
<br />Fifty Five (55) feet of Block Four (4), in Koehler Subdivision
<br />located on part of the Southeast Quarter of the Southwest
<br />Quarter (SEhSW') of Section Fifteen (15), Township Eleven (11)
<br />North, Range Nine (9) West of the 6th P.M., and on part of
<br />Lot Fourteen (14) of the County Subdivision of the West Half
<br />of the Southwest Quarter (ASWU of Section Fifteen (15),
<br />Township Eleven (11) North, Range Nine (9) West of the 6th P.M.,
<br />Hall County, Nebraska,
<br />together with All the tenements, hereditament% 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 rgUipfrfet arI] accessories a in thereto, w -
<br />refrWrators, and other fixtures and equipment n <iw or hereafter attacled to or Plum i„ eonnd oat with said rest estate.
<br />pumps, stoves,
<br />And whereas ea the said nxxtgagor has agreed and does hereby agree that rho- r:nI Wrole shall and aidl
<br />assessed a
<br />upon premises and upon this naxt Pay all taxes and assessments levied or
<br />gag, and the bond secured thereby fxtore the same shall become delinquent; to furnish approved
<br />uqurance upon the buildings on said premises vtuated m the slim of S l8, 30Q, (70 payable to Said
<br />ASSOCIATION the policies for said imurantr, and not hr airnfuit w prsmtt any waste on sir about said premises; ASSOCIATION and to deliver to xW
<br />In rase or default in the performance of any of the terms and condtrnans of this mortgage or the bond secured hereby, the mop
<br />on demand, be entitled to immediate possenion of ate rixirtyagcd Premises and the n"flggor hereby assigns, transfers and sets r to
<br />monism i9 the rents, reveals and income to he cruised from the mortgaged premises during such time as the inottgage indebtedness shall remain
<br />oral the k-ctinagth shall have the {stair t" a Appoint any agent or agents it may desire for the purpose of repairing said prendws and renting
<br />the Sarni and txillecting the rents, revenues and income, and it mss pay oul "f said "'corm all expenses of repairing
<br />commissions
<br />and expenses incurred in renting and managing file same and of cziilrcting ,, "tats therefrom: the necessary
<br />Applied toward the discharge of said nxxtgagc indcbtedness, these milts of the "hilt a may be B. if any, to be
<br />default, irrespective of any temporary waiver of the Sallie 9- Y exercised at any time during the existence of such
<br />These Presents, however. arc upon the Conditkm, That if file said Mortgag- ,114!1 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 stn said loan, on or before
<br />the Twentieth day of each slid every ttxinth, until said hsan is fully paid, pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before it mgticn } -. furnish approved insurance upirm the buildings thereon in the sum of S
<br />to said ASSOCIATION; repay to said ASS(X'IAT16N upon demand all moue h it 18, 300.00 payable
<br />the maximum legal rate thereon from dated payimnt ail of ssiach Mortgagcii hereby paid set.h taxes, assessments and insurance with interest at `
<br />g pay, permit no waste on said premises; keep and comply
<br />with all the agreements and conditions of the And for S18, 300.00 tilts day gtroen by the sand Mortgagor
<br />With all tier in full of the Constitution and By -laws 'If said AS,SOUTAIiON. then these presents shall become null dl void, otherwise they
<br />doll rennin in frdl force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to snake any of said
<br />Payments or be three months in arrears in snaking said numfhiv payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such 6nechisure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein.
<br />secured Bahl, at the option of The Equitable Building and Lion Asaoc.� ion of ( rand or N Nebraska, become immediately mm unity du lan payable without
<br />ithout hereby
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances t �ednu& thereu and pyabk ��ut
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amou W, f on said
<br />Is Nebraska any other bond for additional advances, together with eq sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for irtauance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As ovided in the Bond secured hereby, wattle this mortgage remains in effect the rmutgagee may hereafter advance additional sums to the
<br />,,titers of said Mond, Heir assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds n$ to
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage -
<br />*Darlene his 2 day f May A. D., E9 87
<br />D. Rodenbaugh
<br />i
<br />STATE OF NEBRASKA,
<br />CMNTV OF HALL ss. On this 20 th day of
<br />May 1987 , before me,
<br />Rick D. the undersigned, a Notary Public in and for said County, personally came
<br />nbaugh and Darlene D. Rodenbaugh, each in his and her o)rn right and as souse
<br />Of each Other, w to perwis sown to
<br />me to be the identical prison S whoa torte are
<br />S are affixed hi the above msuiumni as nhntgagor S and the
<br />adtaow the said instrument tie he their oluntary act and deed. Y srvcnlly -
<br />W1TNI S,S my hand and Notarial Seal the date aforesaid
<br />My ('ommusion expires
<br />Him Naar � sEara7," uaagga i`1 Nolary'ttblic
<br />iNA9AN, N c 1 L. 1lgT
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