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1►+oRrr..ACFw� ___ .:_�. - - _� _ - _��__._��_._�._ gJr--�• 00274`)
<br />1 MORTGAGE LOAN NO. HI -803 (FHA)
<br />KNOW ALL MEIN BY THESE PRESENTS: That Lyle D. Hefner and Dorothey I. Hefner, each in his and
<br />her own right and as spouse of each other,
<br />_ qy; x ,t,�►,��,,,,y i Mortgagor, whether one or [Hare, in consideration of the sum of
<br />_—_.-----_---.•-----
<br />lo.rte(1 to said by The ! uitabie Bu' - -- -- "- - - -= = '-flOLLARS
<br />R ddtrq; and t (mn A►ciation of (:.rand island, Nebrasfka, Mortgagee, upon 69 shoes of stock of
<br />maid ASSOCIATION, Certificate No. IHI -803 (,�) , do hereby grant, convey and nxrrt unto the said
<br />described real estate, situated in flail County. Nebraska: t ASSOCIATION the following
<br />A tract of land canprising a part of the Northeast Quarter of the Northeast Quarter
<br />(NFA ) of Section Twenty -Seven (27) , 'lbwnship Eleven (11) North, Range Ten (10) West
<br />Of the 6th P.M. in Hall county, Nebraska, more particularly described as follows:
<br />Beginning at a point Six Hundred Sixty (660.0) feet West and Six Hundred Sixty -Three
<br />(663.0) feet South of the Northeast corner of said Section Twenty -Seven (27); thence
<br />Southerly along a line Six Hundred Sixty (660.0) feet West of and parallel to the East
<br />line of said Section Twenty -Seven (27) , a distance ')f Six Hundred Sixty�hrtee (663.0)
<br />feet; them westerly parallel to the Nt;rth line of said Section Twenty -Seven (27) , a
<br />distance of Six Hundred Sixty and Eighty -Six Hundredths (660.86) feet, to the West line
<br />of said Northeast_ Quarter of the 1ortheast Quarter (NExNE;
<br />line of said Northeast Quarter of the Northeast ) thence northerly along the West
<br />Sixty —Three (663.0) feet; thence easterly Quarter (Nnorth a distance of Six Hundred
<br />Seven (27) , a aistance Of Six hunared Fifty-Nine ana Thirty -Six Hundredths d(6 ecticn Twenty-
<br />the place of beginning aril containing 10.043 acres, subject to a right- of-way for road purposes
<br />aver the easterly Thirty (30.0) feet of the tract and to a right- of-way for road purposes
<br />over the westerly Thirty ( 30.0) feet of the tract, together with a right- of-way for the
<br />purpose of engress and egress over the follczwii�7 scribed real estate SEE
<br />together with all ttx terierrents, her itanents an«l aPputtenancs tfx reuno tacHan .in including attached fkwr (ioye 5�� A)
<br />aaa blinds, etc +ilea windows, awrai tteatc l g' rings, all window screens,
<br />ate, iii €�Briettti€aning, Stec pt(snibing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures areal E aldaiptant nt rta)w ear hereafter attached ti, €Br used era c,Bnnection with said real estate.
<br />And whereas the said mortgagor has agreed and (lases hereby agree: rtiai they gal€ igagor shall and will pay all taxes and asaestzretits levied or
<br />a d upaan sari premise's and Mein dais t"ar"t . c and the Nmd wooed iberebv 6,1 -,•; tltc saute shall taecianre delinquent, to furnish approved
<br />insurance upon the buildings on said ptci tatatecl in tfre saran of 9 ppr ved
<br />A.SS(x'IATT(?lV the txaiicks for laic+ instirartc-r, and rich tr+ c�€ ►(rnarttrt or Permit any wane €Bra or boo said ptemises `IATION and to deliver to said
<br />In eat of default in tfte performance of arty of the terms and c°(ntditto cs of this nrcart or ifs iacari(1 secured hereby, �e ,
<br />uon mortgagee a he entitled to enues nd pit. of Fha rrnirt, d premr s arrd the nn(art or hereby s, transters and sets over to the
<br />npa all tale ortg , revenues s arts irtcpo a t €a ire do i aved from the n ort d prenaisrs during such time as the nre►r
<br />uttpanf: and the rrx►rt sltatl faa� ills power tc; am-int any agent or agents it Foray desire for the parr cif repairing said premises and renting
<br />the same and collecting the rents, revenues and ineone, and u may pay caul of said irBCrBna° all expenses of repairing ng Premises and
<br />nS and expenses incurred in r('nrin and nor irtg the ayr(j of collecting rentals thoct -torn; the balance remaining„ if anyn�t�
<br />applied toward the discharge of said 111intgage indebtedness : theme- rights of ttte rtaort ee ,nav he exercised at any tinted the existence of sircln
<br />defatdt, irrespective of any teinporary waiver of the Mate.
<br />These Prexrus, tx►werer, are upc>ri the C€araditicsn, "Chat if tits said Mortgagol shall repay 'said loan on or before the maturity of said shares by
<br />Payment: pay n "antfrly to said ASS0U1A'ri0N ,,t elan sum specified in the llorld Vii: >ired hereby as'titetext and principal on said loan, on or fBetttre
<br />the Twent th day of eat h and eta ry raxanth, until sircl luara is faiily paid. pay ail taxes and resessrrents �`ied areal said premises and an [his Mortgage
<br />and the Road cured thereby. before delinquen€:y; faunrsh approved insurance upon tine but ;dings thereon in the Burn of 56, 980.40
<br />I0 said ASS(X' ATION; repay to said ASS(VIA1`ION upcnt demand all naattey lty it lBaacf f€er saxh ta'sk's, a payable
<br />the at xiniurrt legal rate thereon front elate ut payinclit all of which MortgaK(ar laerch' agrees pid te, pe ents and insurance with interest at
<br />with all the agreenents arid ceanditisns of the
<br />Bond fair $ Pay; emit no waste can Premises,, keep and pimply
<br />with all the reyuuetocrots (if the Constitution and By -Laws e6i1sa d AVXX'iATION ;then these Mott r to said ASSWIATTON, and empty
<br />retrain in full fi)trC and ntay be foist lei d at it ()piton e.►f the said ASSMI,ATION after �nailu for three moinnths to
<br />a arsy,t they
<br />payments or be three ianonths Ill arrears in staking said rurinthly payments, ()r to keep and c €imply walla tie at,reertrents and c(anditians of said f said
<br />Mcxt ►r agrees to have a lefriver appointed forthwith in stt(:h foret; s. ore pre►cerdings. Bond
<br />It there is any changc in ownership of the real estate rnortgaged hereon, by sale of otherwise, then the entire remaining indebtednew
<br />retest 1, at the opfi(an of T'he I:yttitable Building and L+aan Ass(triation of Grand island.Nebraska, beeurce inincediatel die and pay !Hereby
<br />finites txitl(C, and t1tC amc►unt reraining due under said bond, and any otter bond for any additional advances thereunder, stall, from the
<br />date of excretes of saki option, hear interest at the rnaxitnum legal late, and this Fm)ft • naay then be flare d to mti� tie Payer wniltc►ut
<br />bt"W, and any nlur" texas for A ditiatt,al acilts, arid t(abstrac with all stints pa►(! by said The 1 unable R y t die on said
<br />a for itt r taxes and trtents, and abxtra(ting extensi(art charges, with interest there(an, from date ian A nation of he m Island,
<br />rate, payment at the maximum
<br />As Provided in d this r at we "ufeil laCiehy, WPrlle Iltrs rririri a rLrttalns in Cffert ills "MI Mee may hereafter advance additional earns to the
<br />rnakefs of gal f#a'rid, their a igras ." Pauca:e .srs tta interest, which hunts shall be within the security a this hereafter
<br />^ ad sane as the funds originally
<br />cured tderrby, the total Amount of principal debt Plot to exceed at arty tame the original aanouut of this rtrortg
<br />Cued this 4th day oaf' LU
<br />< A. I)., irf 85
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