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86— ia5569
<br />MORTC.W.E
<br />MORTGAGE LOAN No. y14 654
<br />I[NM ALL MEN BY THESE PRESENTS: Tbaf Fredric J. Lee and Barbara E. Lee, each in his and her
<br />own right and as spouse of each other, M« Mega. whethwowormme.utaooidenbmoftln: of
<br />1warity Eight Thousand Five Hundred and noj100--- -------------------------- ---- ...00LLANS
<br />loured to acrid maortgrtgor by The Egwtabk Bawling and t.oan Association of C.rwA Island, Nebrssks, MortVVe. upon 285 abaci of lllrslti of
<br />stud ASSOCIATION, Crrtifrcate No, L24#654 do hereby grant, convey and motgage un o the said ASSOCIATION the foiuwft
<br />deaQrbed teal estate, situated in flail County, Nebraska:
<br />A tract of land comprising a part of the Southeast Quarter (SE4) of Section
<br />Five (5), Township Twelve (12) Ncrt!:, Range :line (9) West of the 6th P.M,,
<br />Hall County, Nebraska, more particularly described as follows: Commencing at
<br />the Southeast Corner of said Southeast Quarter (SEA) and running Northerly
<br />on the East Line of said Southeast Quarter (SEc) a distance of One Thousand
<br />Ninety -Six and Twenty Htnndreuths (10y6.2Q) Feet to the Point of Beginning;
<br />thence deflecting left 67 degrees 05 30 and running W'Esterly a distance of
<br />Six Hundred Thirteeq and Six Hundredths (113.06) Feet; thence deflecting
<br />right 45 degrees 31 00 and running 'northwesterly a distance of One Hundred
<br />Five and S }xty Five Hundredths (105.t'5; Feet; thence deflecting right 26
<br />degrees 22 45" and running ? brrherly a cistance of One hundred Thirty Four
<br />and Five Hundredths (134.35); thence deflecting right 107 degrees 06' 46" and
<br />running Easterly tc a point on the East line of said Southeast Quarter (SEy)
<br />a distance of Seven Hmdred Seventeen, and Eighty Eight Hundredths (717. 86) Feet;
<br />thence deflecting right 96 degrees 01' 59" and running Soutnerly on the East line of
<br />said Southeast uuarter (SE Z) a listar:ce .f Two i:undred Fourteen and Ninety Hundredths
<br />(214.90) Feet to the Foint of Beginning.
<br />together with all the tenements, hereditattents and appurtenances thereunto belonging. including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air condtt seining 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 axnneowin with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the r.ortgagsn studI and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured therein beforr the same shall become delinquent; to furnish approved
<br />assurance upon the building tin said premises situated in the sum of $ 28, 5v0. U0 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the pobcws for sad insurance, and not to commit or permit any waste on or about said premaes;
<br />In car of default in the performance of any of the terns and cc odatxvns of this rtortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to umtediate possession of the mortgaged premsm 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 romans
<br />unpaid; and the mortgagee snail have the power to appoint any agent of agents it may desre for the purpose of repairing said premises and renting
<br />the sane and xdkctmg the rents, revenues and income, and it may pay out of said income all expenses of repaving sad premises and necessary
<br />eommimons 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, thew rights of the uatingagm may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same
<br />Thew Presents, however. are upon the Condition, That if the said Mortgagor shall repay said lean on or before the maturity of said shares by
<br />payment; pay monthly to :ad ASSOCIATION of the suin specified in the Bond secured terebv as intetest and principal on said ban, on or before
<br />the Twentieth day of each and every month. until said luarr s fully pad. pay all taxes and asacs.-iruenta levied against said premises and on this Mortgage
<br />and the Bend secured thereby, before delinquency. furnish approved insurance upon the buidanigs thereon in the aim of S 2 6, 500 .00 payable
<br />to said ASSOCIATION. repay to said ASSOCIATION upon demand all rnanry by it pad feu such taxes, assessments and insurance with interest at
<br />the m ixsmum 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 c nditaons of the Bond for S 2 b, 5 VU . U0 this day given by tie said Mortgagor to said ASSOCIATION, and comply
<br />with all the requarments of the Const itution and By-laws of said ASSOCIATION, then thew• presents shall become null and void, otherwise they
<br />slnJl remain in full force and may be foreclosed at the opton of the sad ASSOCIATION after failure for three months to make any of said
<br />payments or be three months in arrears in makirhg said mwsnthty payments, cu to keep and comply with the agreements and conditions, of said Bond.
<br />and Mortgapm agrees to have a teurvei appointed forthwith in such foreclosure proceedings.
<br />if there is any lunge in ownership of the real estate mortgaged herein, by sak or otherwise, then the entire remaining i debtedmas hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of grand Island. Nebraska, become immediately due Lad payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances nude thereunder, shall, from the
<br />date of exercise of said option, hear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bad, and any other bond for additional advances, together with all suns paid by said The Equitable Budding 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 />lgpl 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 />rafters of aid Bond, thew assigns or successors in interest, which sums %hull he within the security of this mortgage the same as the funds originally
<br />accused thereby, the total amount of prucipal debt not to exceed at any tune the original amount of this mortgage
<br />Dated 25th sf September A n -, 1"i
<br />. r ric j. -
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<br />STATE Of NEBRASKA. ta oaths 25th dsyof September 19 before me,
<br />COt,`h-IY Of HALL4 ��'
<br />'.. the undesygred. a Notary Public in and for said County, personally cam
<br />fir+ '�• Fredric Lt;e ar1:. ari.•ara k.. �uE•e�, r'a� :�r 1'113 <t :t�.�. , :ez :'.J1, .i.Rl.: :r:i .>pou "Da @3�1�_
<br />other, 'r o 3t'e ysaowmto
<br />rer to he the xienlxai prfvw ,, aiwnsr name si'r. affixed w the show rnitrurraer" as n>,uts;nw and ttkt y severally
<br />,ck0-,wiedW4 the Bard ustrumrnt co kit %ii^ ; r wAunlary act and deed
<br />tViTNEVS my hand and Notarial Seal the date atr.resaxJ
<br />ltty t c,anrn €Sav+m
<br />"pg." /��.�_�`�- r it �... _ y.Y[: !�•`. , j��(
<br />Notary Pubin
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