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87- 104357
<br />MtMtTGAGF. — n—� --
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<br />MORTGAGE IRAN NO. L 24,653
<br />KNOW ALL MEN BY THESE PRESENTS: That Cecilia B. Royle and harry E. Royle, each in her and
<br />his awn right and as spouse of each other, Mortgagor, whether one or more, in conaWaratit of the am of
<br />Eight Thousand Two Hundred Fifty and no /100 ---------------------------------- M -1)0 LLAPS
<br />Maned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 83 sttrres of dock of
<br />aid ASSOCIATION, Certificate No. L 24 r 853 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described mat estate, situated in Hall County, Nebraska:
<br />Part of the Northwest Quarter (NWT) of Section Twenty Two (22), Township Eleven (11)
<br />North, Range Nine (9) West of the 6th P.M., Hall County, Nebraska being a part of a
<br />rectangular piece of ground One Hundred Eight (108) Feet by Four Hundred Forty Nine
<br />(449) Feet long, situated immediately North of Lots One (1), Twenty Six (26) and
<br />Twenty Seven (27) of Hawthorne Place, (said Hawthorne Place being a Subdivision of part
<br />of the Northwest Quarter (NW's) of Section Twenty Two (22), Township Eleven (11), Range
<br />Nine (9) West of the 6th P.M.), said tract herein being more particularly described
<br />as follows, to -wit: Ccalmencing at the Northwest corner of above described tract and
<br />running thence South on the West line of said tract, a distance of Fifty Four (54) Feet;
<br />thence East parallel with the North line of said tract, a distance of Eighty Nine (89)
<br />Feet; thence North Fifty Four (54) Feet; thence West along the North line of said tract
<br />Eighty Nine (89) Feet to the place of beginning.
<br />together with all the tenements, hereditaments 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 />refrigerators, and other 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 assess sents levied or
<br />assessed upon said premises and upon this mortgage and the bond secure t by define the sane shall become delinquent; to furnish approved
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<br />su
<br />inrance upon the buildings on said premises situated in the sum of S L • Ou 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 the 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 assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises duuing such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repaving said premises and necezary
<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 rte 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 this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of s 8, 250.00 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 />r
<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 />with all the agreements and conditions of the Bond for $ 8 250 • oo this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />said
<br />with all the requirements of the Constitution and By -Laws of 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 fadwe 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 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 sale or otherwise, then the entire remaining indebtedness hereby
<br />secured sell, at the option of The Equitable Building and Loan Association of Grand Island, 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, salt, from the
<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 doe on said
<br />bond,atd 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, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legs rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sutra to the
<br />tudkers of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />seemed thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />this 2 rd- day of July A. D., 19 87
<br />)Dams
<br />1 =1 �
<br />rry E Royle
<br />STATE OF NEBRASKA,
<br />a On this 23rd (lay f July
<br />v I9 87 before me.
<br />CMNTY OE HALL
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<br />The unders4gned, a Notary Public in and for said County, personally cam
<br />Cecilia B. Royle and Larry E. Royle, each in her and his own right and as spouse f
<br />each otter, who are personal known to
<br />no to be the identical person S where name S are affixed to the above matruptCet ,lea mortgagor S and they severally
<br />acknowledged the ad instrument to he their voluntary act and deed,
<br />wITNIwSS my hand and Notarial Seat the date aloresind
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<br />My Conunt"wn espmes j l i rf •r /
<br />N � )'7t�aTy Nmnlil'
<br />NYara1 ar
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