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ItORIr.AGE 87-- 106874
<br />MORTCAGE [.DAN NO. L 24,955
<br />KNOW ALL MEN BY THESE PRESENTS: That Betty L. Hoeft and Thomas E. Hoeft, each in her and his
<br />own right, and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Thirty. Six Thousand and no /100 -------------------------------------------------
<br />loaned Ionic! miw4p or by The Equitable Building and Loan Association of grand Island, Nebraska, Mortgagee, upon 360 shares of suKk of
<br />said ASSOCIATION, Certificate No. L 24,955 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />A tract of land known as 1168 Kuesters Lake, said tract being a part of the East Half of
<br />the Southwest Quarter (E�SWJO of Section 13, Township 11, North, Pange 9 West of the 6th
<br />P.M., Hall County, Nebraska, said tract being more particularly described as follows:
<br />With reference to the SE corner of said SWi; thence running on an assumed bearing of N29
<br />degrees 02' 18 "W for a distance of 1360.75 feet to the actual point of beginning: thence
<br />S 80 degrees 17' 21" W for 108.68 feet; thence S 86 degrees 52' 59" W for 121.40 feet;
<br />thence S 88 degrees 51' 13" W for 82.25 feet; thence N 23 degrees 06' 00 "E for 87.45
<br />feet; thence N 87 degrees 44' 34 "E for 245.14 feet; thence S 26 degrees 15' 46 "E for 70.82
<br />feet to the point 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 assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approval
<br />insurance upon the buildings on said premises situated in the sum of S 36,000.00 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 during 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 sate and collecting the rents, revenues and income, and it may lay out of said income all expenses of repairing said premises and necessary
<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 the 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 36 , 000.00 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 />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 S 36 1000 - 00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -taws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall retrain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three months in arrears in staking 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 shall, 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, shall, 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 due on said
<br />bond, and any other bond for additional advances, together with all suns 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 />kpl rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />maters of said Bond, their assigns or successors in interest, which suns shall be 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 />Dated this 27th day of November A.D., 19 87 .
<br />oe --
<br />Thomas E. Hoeft
<br />STATE OF NEBRASKA, ss
<br />COUNTY OF HAIL On this 27th day of November 19 8 7 ,before me,
<br />L the undersigned, a Notary Public in and for said County, personally came
<br />Betty L. Hoeft and Thomas E. Hoeft, each in her and his own who are personally known to
<br />rigQht, and as spouse of each other
<br />me to be t7e identical person s whose names are affixed to the above instrument as mortgagor S and they seven*
<br />acknowledged the said instrument to be their voluntary act and deed. /
<br />WITNESS my hand and Notarial Seat it)&date aforesaid. J
<br />My corms "JI? expires% - ,Y
<br />Lg_—* l gtNS -fume Notary Pub& M %all of Q ROUSH
<br />JOANK CL2121 M a► Btp, llhc 26,19!
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