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<br />041997
<br />MORTGAGE•.
<br />MORTGAGE LOAN NO. T. 2Q� 349
<br />KNOW ALL MEN By THESE PRESENTS: That James K. Jeffries, a single person,
<br />`liaenty ]:'lve Thousand and Mortgagor, whether one or more. in consiideration of the stun of
<br />100----------------- - - - - --
<br />kDaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon
<br />-- DOLIARS
<br />said ASSOCIATION, Certificate No. L 24,349 do hereby 250 shares of stock of
<br />described real estate, situated in Nall County, Nebraska: y fit• convey and mortgage unto the said ASSOCIATION the following
<br />A tract of land comprising a part of the Northeast Quarter of the Southwest
<br />Lkarter, NEA, SWii and the Northwest Quarter of the Southeast Quarter NWk, SF.�,
<br />all in Section 13, Tcunship 11 North, Range 9 West of the 5th P.M. in hall
<br />County, Nebraska, being more particularly described as follows:
<br />With reference to the South Quarter coder of said Section 13, thence N 009
<br />of 0g" E for 1317.58 feet; thence N 89 24' 35" W for 15.90 feet; the ce
<br />N 04 25' 45" E for 88.57 feet to the POINT' OF WGIMUNG: thence N 89$ 55'
<br />99' g5gof W'294f itfee ,n n 7N 946 49' f4 >-E I 84.ib f-te , c�
<br />&N 8 f t• N 5
<br />S 04 26' 20" W for 174.41 feet to the POINT OF EWIM * being Lots
<br />Eighteen (18) and Nineteen (19), having a lake front footage of 200 Feet,
<br />situated on the East side of the East portion of Kuester Lake.
<br />together with all the tenements, hereditaments and appwtenances thereunto belonging, including attached floor coverings,
<br />window shades, blinds, storm :: -- lows, awnings heating, air conditioning, and plumbing and waterequiprrChe and or all scans'
<br />refrigerators, and other fixtures and egaipment now or hercaf ter auachc<! to or used in connection with said real estate, pumps. stoves'
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will
<br />assessed upon said premises vad 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 situatedd in the sum of S PRY all taxes and assessments levied or
<br />ASSOCIATION the policies for said insurance; and not Ill commit or per2 i �y0 was oon or about said premises; ASSOCIATION and to deliver to rigid
<br />In case of default in the performance of any a!f the terms and conditions of this mortgage or the bond secured hereby, the mortgagee ells!!
<br />on drmtand, he entitled to immediate pa)ssemion of the mortgaged premises and the rlaorigagor hereby assigns, transfers and sets over to the
<br />unpaid- mortgagee all the rents, revenues and income to tat, derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and 0hc nnrtgager shall have rite pawcr ul,x appoint an
<br />the sanse gild cullectiuX the rents, ieVCile P and 111) app and nyr n agent or agents it may desire for the purpose of repairing said Premises alit renting
<br />commissions and expenses incurred in tenting and managing the sane and Of collecting said nrcntals therefrom; the premises and necessary
<br />applied toward tire (lischalge o1 said iiDUrtgage inafehtedness; these rights of the mortgagee "nay he exercised at any time during the existence of such
<br />default, irrespective ol' any temporary waiver of the sarrle, mg, if any, to be
<br />Thew, Presents, ha.awrver, are upa)n the Conditx)n, That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payrnenl; PAN' monthly It! said ASSOCIATION arf the sum specified in the Bond secured hereby as interest and principal on said loan, id &h before
<br />the Twentieth day of each and every rn nth, until said loan is fully aid;
<br />p pay all taxes and assessments levied against said premises and on this Mortgage
<br />and 'tie [3i >nd �a:aircd iharehy. hefi)rc delinyueucy. ftsrnrsh approved insurance upon the buildings thereon in the sum of S
<br />to said ASCf X °IATIt)ti; re pa' ta, said ASS(X'I.ATTfDN upon demand all money by it paid for such taxes, assessments and insuro cep with interest inter st at
<br />the maximum legal rate thereon front state of payUter f all of which Mortgagor herehy Agrees to a
<br />with all the agreements and conditions u! the l4ond tot 5 25 000. g p Y permit no waste on said premiss:kecp and comply
<br />with all the requirements In lo of the ('onsttlullon and liv -Laws o said A. SO('IATION-, t1 n thesecpresents rah I become null dlvoid. therwisemthey
<br />%hill rerriArrD rn full tufa;e amt "lay be foreclosed t the option of file said ASSOCATION after failure for three months to make
<br />Payments or tsa three nn)flths in arrears lit making said mol filly paysntnls, or to keep and comply with the ecttents and conditons of said Bond;
<br />and Morlgagor agrees w have ,) rrctiver appaDtnted forthwith in such foicclusure proceedings.
<br />It there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />seculcd vha41, at the option' tit The Vquitable Building and Loan Association of grand lsland,'Vcbraska,IDecutne immediately due and payable without
<br />furttrc i ru,tDt`e, And the JInOUI)t reI DAining due cinder raid bond. and any other bond for any additional advances made thereunder, shall, from the
<br />date of exerci of said option. bear interest at the iitaxirnum legal rate, and Ill's mortgage play then be loreckrsed to setisfy the amount dux on said
<br />Nebraska for insurance, taxes and assrssinents, and alrstraa .tract extensia)n �tFaiKcs, wldihf interest thereof,. Builldingim�d I a (A ration Of Grand Island,
<br />legal late. payment at the maximum
<br />As pre din the ila)rtd secured hereby, while tills nlorlitage renlams in effect the mortgagee may heieatter advance additional aunts to the
<br />maker [tf rb . the thPe"r AS�I rDS t)1 91rC4eX,yl.DiK Ir6 InterCSt, uhie.•h sums shall lac° within the ucurity of this Mort ills same as the funds originally
<br />to (he
<br />scored thereby, the total at""nnl Of principal debt not to exceed at anv tillfe the original Amount of this mortgage
<br />c.
<br />DaNd this 25th slay of l�.zr'il
<br />A. h.,
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<br />..til day
<br />.before ttae,
<br />rite undersigned, a Notary Public ill land fur said County, persrtnally cake ;.1. �t�, tf.f7la� r,r,_c tia)tu, who f � Iviso sally knows: to i
<br />rte t �, Ifs^ taderlts�rl a>�l��r�
<br />f A41opw raisin` x# ifhsa'd tU tine A'h,
<br />vc fircirurn < °itf a,t nrortgafo! And
<br />rigs ua a ! <s., r,, a l; t k' w�vrraliv i
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