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<br />84 -- ijti0i92
<br />MORTGAGE
<br />MORTGAGE LOAN NO. Z. 24,,175
<br />KNOW ALL MEN BY THESE PRESENTS: That Edward E. Meedel and DeatuFa L. iNeedel, each lit hiS and
<br />her ovm right acid as spouse Of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />TYti rt-~r ~asrE+n _Thousand and tt0~,] 00--------.-_-_..._-..~-_....-------------------------- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association uE Grand Island, Nebraska, Mortgagee, upon 370 shares of stock of
<br />-said ASSOCIATION, Certificate No. L 24,175 , do hereby grant, convey and mortgage unto the said ASS()CiATFON the following
<br />desutbed real estate, situated in Hall County, Nebraska: -
<br />The Westerly Forty (40) feet of Lot "C" and the Easterly Twenty (20) Feet of Lot "B"
<br />all isF Elm Place Addition to the City of Grand Island, Hall County, Nebraska, and a
<br />part of Lot Eight (8), of the County Subidvision of the Southeast Quarter of the
<br />Southwest Quarter of Section Sixteen {16), in Township Eleven (11) North, Range Nine
<br />(9) west of the 6th P, M. said tracts being more particularly described as follows;
<br />to wit: Cottmencing at a point 40 feet Westerly from the Southeast corner of said Lot
<br />"C" in said Elm Place Addition and on the Southerly Line of said Lot "C"; them rtunting.
<br />Nmrtherly 132 feet on a line parallel with the Easterly line of said Lot "C"; thence
<br />westerly 60 feet on a line parallel with the Northerly line of Division Street in said
<br />city thence southerly 132 feet on a line parallel with the Easterly line of said
<br />Lot "C" to the Northerly line of said Division Street; thence Easterly 60 feet along
<br />the Northerly line of Division Street to the place of beginning.
<br />tvgether with all the tenements, hzrediiamems and appurtenan es thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awcsngs, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />reKrgeralors, and other fixtures and equipment now or hereafter attaclud to or rued in connection with said real estate.
<br />And whereas the said rtmrtgagor has agreed and days hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed orlon said premises and upon this mortgage and the bond secured thereby beiare the same shall become delinquent; ro furnish approved
<br />insurance upon the buildings un said premises situated in the sum of $37, OOO.OO payable to said ASSOCIATION and to deliver [o said
<br />ASSOCIATTON the policks for said insurance; and not to wmmit or perms any waste on ur about said premises;
<br />In case oC default in the performance ut any of the terms and conditions of this nwrtgage or [he bond secured hereby, the mortgagee shell,
<br />un demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, boosters and sets over to the
<br />mortgagee all the rents, revenues and income Ia be derived from the rnurtgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agznts it may desire for the purpose of repairing said premises and renting
<br />the same and twlkcting the ants, revenues and income, and ii may pay out of said income ail expenses of repairing said premises and necessary
<br />comrttissions and expenses incurrzd N renting and managing the same and of colizeting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said me>rtg-age indebtedness; these righU of the mortgagee may be exercised at any tirrre during the existence of such
<br />default, irrespective of any temporary waiver of the same,
<br />These Presents, however, ate upon the Condition, That if thz said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payment; pay ntonthiy to said ASStXIAT10N of t}tz sum spzcified in the Bond secured hereby as in cereal and principal on said loan, on or before
<br />the Twentieth day u(each and every nxmth, until said luau is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinyuency;furnish approved insmam:e uprm the buildings thrreoo in the sum of $ 37, OOO.OO Irayable
<br />to said ASSOCIATION; repay to said ASStX'1AT10N upon demand all money by ii paid fur such [axes, assessments and insurance with interest at
<br />the rnartimum Izgat rate thereat from date of payntcnt all of which Mortgagor hereby agrees io pay; permit no waste on said premises; keep and comply
<br />with all the agreements and rxanditions of [he Bond fur 537, OOO OO this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements o(the Constitutiat and By-Laws of said ASSIX'1AT10N; Ihzn these presents shall become null and void, otherwise they
<br />shall remain in full Corte and may be ibrechtsed at the option of the said ASSOCIATION after failure Cor three months [v make any of said
<br />payments ur be three rrumths in arrzars m nuking said matthly payments, a to keep and comply with the agreements and conditions of said Bund;
<br />and Mortgagor agrees to havz a retxiver appoitued Corthwith m such fareclusme proceedings.
<br />IC there k any change N 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 Luan Association of Grartd Island, Nebraska, becomeuntnediately due and payable witfiout
<br />further nutia, attd the amount remaining due under slid bond, and any other bond iur any additional advances made thereunder, shall, from the
<br />date of exercise of swill option, bear interest at the nraximmn kga( rate, and this mortgage may then be torecJosed to satisfy the amount due on said
<br />bond,and any othzr bond far atidiiiottal advances, together with ail swrts paid by said The tquitable Building end Loan Associatioa of Grand !s`^nd,
<br />Nebraska for insurance, taxes and assesvrtznts, and abstracimg extzruion charges, with interest thereon, from date of payment at the maximum
<br />kgai rate.
<br />As provided in the 8und secured hereby, wtuk this mortgage remains k effect the mortgagee may hereafter advance additional autos W the
<br />makeu of said Bond, their assigns or successcxs m interest, which suers shall be within the security of this mortgage [he same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the aiginai amount of this mortgage.
<br />Date,~jd this I2th day of JanllalY A. D., 19 84
<br />~3~34T
<br />Deanna L. Meedel
<br />STATE QF NEBtUSKA, ~ ~ Ott thix
<br />COl1NTY OF HALL 12t1t daY of January 19 84 ,before me,
<br />t}w undersigned, a Notary Public in and for said County, personally txota
<br />,ward E. Meedei and Deanna L. McE:del, each in his and her am ri~~t oral as k~6Wn to
<br />each other, are
<br />rm"ta be tlx i<fantical perwns whose natneg affixed to the above instrument ax nturtgagar8 and they savarxlly
<br />aciuaorltxlgtd fhe mat inxtrurnent iu br their voluntary act and died.
<br />WITNfsSS my hand weld t9utariai Setif the date afar~d f . j -- ~
<br />My Carorttitsarn zttpices fZq ~ /- ~r`r t'f.% `~f ~.. . -, '~ { ~ J~ ,.
<br />~~t~~~'---'---^~~^''""~~~~------''---''---^^°`------'-,......, - _y---- ..._.. _ _ .- _,_ a?_.:_. .. Notary P~ub~i'c~~~
<br />M.mnq trt KlltntA~ fWta ai tis4apy ,
<br />,mot. .-.'~' CttMat, Exit qpy- p
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