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86.,,, 103123
<br />MDRTGAGG _
<br />MORTGAGE t.OAN NO. L 24,513
<br />i'arolyn S. .Reeves, a single person.,
<br />Mortgagor, whether one or more, in wntoderation of the sum of
<br />Fort Thousanri and r,�7+ - ----------------------------------------
<br />_� tL_.._.__ _ _ _ _ . --- — -- - COLLARS
<br />Insisted to said mortgagor by The Fgnitabk SuAdmi; and Lcart Assnciation of Grand Island, Nebraska, Mortgagee, upon 400 stares of stock of
<br />said ASSOCIATION, Certificate No. 1. :k4 • `> 1 t , du hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated m flail County, Nebraska
<br />Lot, Seven (7), having a lake front footage of Eighty -Six feet (861), situated on the
<br />East side of the West protion of Kuester Lake, and being a part of the East Half of
<br />the Southwest Quarter (E SW',) in Section Thirteen (13), Township Eleven (11), Range
<br />Nine (9), in Hall County, Nebraska a /k /a A tract of land in the East Half of the
<br />Southwest Quarter (EiSWr) of Section Thirteen (13), Township Eleven (11) North, Range
<br />Nine (9) West of the 6th P.M., Hail County, Nebraska said tract being the property
<br />occupied by the residence known as ##52 Kuester's Lake, said tract being more particularly
<br />described as follows: witn reference to the Northeast corner of Said East Half of the
<br />Southwest Quarter (NE7"SWIib, (center of said Section Thirteen (13); thence running on
<br />an assumed bearing of N90 OG'00" West on the North line of said East half of the
<br />Southwest 8uarter (NE:SW4), for 699.12 feet; thence S01028'33" East for 277.00 feet;
<br />thence S14 22139" West for 541.80 feet to the actual point of beginning; thence
<br />SO4 0 47'1711 West for 80.00 feet; thence 587`42'29" West for 155.50 feet; thence
<br />N12 34'57" West for 83.25 feet; thence '188530'33" EAst for 180.30 feet to the point
<br />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 waterequipment 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 approved
<br />insurance upon the buildings on said premises situated in the sum of S r0 , 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 an or about said premises;
<br />In case of default in the performance of any of the cims 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 terrain
<br />unpaitL and the murigagee 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 incone all expenses of repairing said premiaea 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 Murtg,,eor stuff repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCI ATION of the sum specified in the &,nd 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 instuan" upon the buildings thereon in the sum of S 40 , 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all stoney, by it paid for such taxes, assmsments 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 &md for S 40 , 000.00 this day given by the said Morigagur to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />stall remain 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 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 shall, at the option of The Fquilable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining dw under said bond, and any other bond for any additional advances nude 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 />bund,and 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 />legal rate.
<br />As provided in the Fond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond. their assigns it suc essors in interest, which sums 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 />STATE OF NEBRASKA,
<br />COUNTY OF HALL ss
<br />A- D., 19 t4E
<br />1 1 t ;lay of Jun" lvt:b . before rm,
<br />tfre underngned. a Notaty f'ubhc to and for said County, personally ante
<br />who i , perxmally known to
<br />Aimed to the ah, tmnruntrnt as ntart}tagor and .a!te' fealafYA4
<br />SAW 011,11unxnt t,wt+e • _ • — luntan act and decJ
<br />WITNINS ni} ?and and hiotafeal ties; the date At c, "eel
<br />Jty ( "r oitiwuv m rnpues ,1)%;,t.
<br />FFa asst a9taas- trna_+ IlAs dui
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