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104762
<br />MfNtTi:AGF
<br />kiORTGAGF LOAN NO. L 24,852
<br />KNOW ALL MEN BY THESE, PRESENTS: That Douglas E. McDonald and Deborah J. McDonald, each in his
<br />and her own right and as spouse of each other, Mongagair, whether ore or more, in consideration of tha arm of
<br />1irtgenTb -0 and and boo 0------ - - - - -- --- - - - -°_ ---------------------------- �0[1AR8
<br />ioa and to said mortgagor by The Equitable Budding and Loan Association of Grand Island, Nebraska, Mortgagee, upon 130 is of stack of
<br />said ASSOCIATION, Certificate No_ L 24, 852 , do hereby giant, convey and nxwtW unto the said ASSOCIATION the foBmwing
<br />deactribed real estate, situated in }fall County, ` cliradka:
<br />A tract of land situated in the Southwest Quarter (SWii) of Section Twelve (12), in
<br />Tlownship Eleven (11) North, Rarge Nine (9) West of the 6th P.M., more particularly
<br />described as follows: Co mincing at a point Seventeen Feet South (17' S) and Twelve
<br />Feet East (12' E) of the Northeast corner of Lot Seven (7), in Fairacres Dairy
<br />Subdivision located upon a part of said Southwest Garter (SW#) of said Section
<br />Twelve (12), running thence easterly on a line parallel to an extension of the
<br />northerly line of said Lot Seven (7), for a distance of Seventy -Four Feet (74'),
<br />running thence in a southerly direction and parallel to the East lines of Lots
<br />Seven (7), Six (6), and Five (5) of said Fairacres Dairy Subdivision, to the North
<br />line of Lot Fourteen (14), in said Fairacres Dairy Subdivision, running thence along
<br />and upon the North line of said Lot Fourteen (14) in a westerly direction and along
<br />and upon ar extension of the line of said Lot Fourteen (14) for a distance of
<br />Seventy -Four Feet (741), running thence North and parallel to the East lines of
<br />said Lots Five (5), Six (6), and Seven (7) in Fairacres Dairy Subdivision to the
<br />place of beginning, Hall County, Nebraska,
<br />together with all the tenements, hereditanwnts and appurtenanxs thereunto belonging, including attacked floor cowrie, all window screens,
<br />window shades, blinds. storm windows, awns. heating, air condawning, and phanebing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in kvnnectnon with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the rywrtgagor drat and will pay all taxes and astessmeaLs levied or
<br />aste sed upon said premncs and upon this mongage and the bond secured thereby before the same shall become delinquent; tr, iumish approved
<br />Dance upon the buildings on said premises dtuated in the sum of s 13, 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for sod im rance; and not to commit or permit any waste on or about said premises;
<br />In lame of defmdt in the perfrxmltnce of any of the terms and conditions of this moirtgar or the bond secured hereby, the mortgages shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mongagm hereby assigns, transfers and sets over to the
<br />moagagrie all the real&, revenues and iuxnnse to be derived from the moftgagcil premises during such time as the mortgage indebtedness shall remain
<br />sod the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and heating
<br />the same and codectig the rents. revenues and income, and it may pay out of said income an expenses of repairing said premises and necessary
<br />ry
<br />conamnsiom and expenses incurred in renting and managing the sane and of collecting rentals therefrom; the balance rem, if any, to be
<br />toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at anytime during the existence of' such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, hxowcwt, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of slid shares by
<br />payment; pay mhrnthly to said ASSOCIATION of he sum specified in the Road secured hereby as interest and principal on said bath, on or before
<br />the Twentieth day of each and every month, until said ken is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby. before deh agwncy; fwmsh approved insurance upon the buildings thereon in the sun of S 13, 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand d ail money by it paid for such taxes, assaturnants and insurance with btaee at
<br />the maximurn ko rate thereon from date of payment an of which Moagagar hereby agrees to pay; penait no wage on said primuses; keep and comply
<br />with an the agreements std conditions of the Bond for S 13, 000.00 this day given by the sad Mortgagor to sass ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By4.aws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain in full force and may be foteckned at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments at 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 arty change in ownership of the real estate mortgaged herein, by sak or otherwise, then the entire remaining indebtedness hereby
<br />secured sue, at the option of The Equitable and Loan Association of Grand Island. Nebraska, become immediately due and payable without
<br />further notice, and the amount reason due under saw hand, and any other bond for any additional advances made thereunder, s49, from the
<br />daft of exeuire of said option, beat interest at the maximum legal rate, and this mortgage nay then be foreclosed to satisfy tie amount due on said
<br />bo d,ad any other bond for additimial advance&, together with all sun 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 />legtd rate.
<br />As provided in the bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional suns to the
<br />makers of said Bond, tiwu assigns or successors in interest, which suns shat' ti- within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Datephis 21st day of July A. p., 19 87
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<br />Deborah IT.' AcDonald
<br />STATE OF NkOMKA, ss. on this 21st day of July 19 87 , before me,
<br />C011ivfTY OF IiAI.L
<br />the under*Vwd, a Notary Public in and for said County, personally came
<br />Douglas E. McDonald and Deborah J. McDonald, each in his and her own right and as spouse
<br />of each other, vwh'o are personally known to
<br />oc'lo be the identical person S whore name ; are affixed to the above insuuarept r grsoreggor S and t sewrany
<br />acknowledged the red neannucal to be their voluntary act and deed. II
<br />Wl'rNT,SS my hand and NotaralSeal the date sforesaid.
<br />My Commission expuesrl 1 j * n a ? �% , ; ✓ : > t
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