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<br />83-003585
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<br />MOR.TGAGJE
<br />
<br />MORTGAGE LOA."iNO, HI-767 (FHA)
<br />KNOW ALL MEN BY THESE PRESENTS: That Albert Mierau and Delores Mierau, each in hi.s and her own
<br />
<br />risht. aJ:id.as s:pouse of each other, Mortgagor, whether one or more, in eoo.siderntion of the sam of
<br />N:me. ..Thotlsnnd F~--Ri.v.e._an~_Q.:__::.":::::=:::===:::=.:::.==_========:::====:=:=-=..c-----::::====OOLLARS
<br />~dtosaid ~r bY The Equitable Building;rod Loan AssociatiOn oH;mnd Island, Ncbfl!Slca ,Mortgagee, upon 90 shares of stOCk of
<br />sa!lli.ASSOCIA1iON, CertiflCliite No. L ,do hereby glllnt, conwy and Jllortg~ unto the said ASSOCIATION the following
<br />desocribed relll estate, sitUllted in fbn (:mmty, Neoc4ska:
<br />
<br />A tract of land <"'Ciilprising a part of the East ()ne Half of the Southeast
<br />Quarter (E~S~) of Section Fourt,een (14) Township 'l'welve (12) North,
<br />Range ':1:en (1Q)W<Cst of the 6t.h P.H., traIl Cou:rrt'YI Nebraska and more
<br />particularly descriJ:::.ed as follows:
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<br />Beginning at the DOr:theast corner of said ; thence running southerly
<br />alona the east line of a distance of Two Hundred Ninety and .E'our
<br />'l'enths (290.4} feet; tJ1ence running westerly, parallel to the nort'1
<br />line of said E~SE~ a distance of One Hunored (l50.0) feet:; thence
<br />runniu9 northerly f parallel to the east line of :said E!$SE~ a distance of
<br />'l'wo Hundred Ninety and Four Tenths (290.4lfeet to a point on the north
<br />U.."1e of sa:Ld ~SE%; thence ru..'lll.ing easterly along t..i-J.e north line of
<br />Ek.iSEk a distance of One Hundred (150.0) feet u') the point of
<br />beginning and containing 1.0 acre UlClre or less.
<br />
<br />together with all tbe !cnICllllt:JlU, heredllJummts and apllun,mana:s dlcceUlllo bdongmg. mdmting altached 1100t coverings, all window saeellll,
<br />window s:h.acles, blinds, $Iorm wmdow:t, awnifil!ll. b.~ali"ol!.;1ll L~)fidl11011lng,and plumbmg and walertXluipmCllland accessories thcreto,pumps,noves,
<br />relngerlltms, and nIne, fixhllCS alld eCflupmem now 0' hereafter .allellc!! 1.0 or used IfI ~"HllleCll"fl with said real estate.
<br />
<br />And whereas the said mOrl:g:tgOT 113..\ agreed a.....J d,)e$ ,hall and will pay ail taxes and assessmenu levied or
<br />aSlle:l..'lled Uptl>lllioaKl.premtsl's and upollthis m,}ftgag:c and Ihe lhe ~me shall become delinquent; to furnish approved
<br />In:;UI"n~':e upoon the bwldmgs on ~. pI!em'!ll:s $ll.uated mlhe '!Urn 0\ 1; 9,045. {';"vable 'v said ASSOCIATION ami to deliver to sajd
<br />ASSOCIAl10N lhe poh.:ies tm '-'IUtl insu,::moe; 3nd nOllO ",,",rmt 01 IX:llflll any wasle on 0' ab<ml ~lld prelfttse~;
<br />
<br />III <~. 01 defaull In the pnlmmlmce 01 ll1iY of the tem" and cOlKhllmls 0' !IllS mOrll',age or Ihe bond secured hereby, the mortgagee shall,
<br />oil demand, be "nhtled h' llllllll~dlat" 1">Sliessnm "j Ill., Inotlgllgl,d pteml:!Cs and the morll\3!l'>! herehy ll~S. lran:>iers IInd :sets over to the
<br />lllO(~ aJll tile lenb. levefll~1 llnd inooll>l: to he Ikrived Imlll the mot ~ llfeIlUS<:1\ duriflJ/. such time :liS the moflgllge indebtedness shall mlDllin
<br />oop;lKl; 3rKlthe ItlOllglll!~ s.halll\Jt\<'t< the IX""'''! 10 appoint a"l' ~nl Olll!\f:lll$ It may cleme jtll lhe purpose of repairing s.aid premi$e$ alld renting
<br />d\e ilame Jlnd coliet.'tiflll:. the tenlS" ,,,,venues ,&lid 1fl000lle, and 'I may pay uut 01 s;ud mcome all expeniC1l of repalling said premises 1l1ld necel!S;U'y
<br />commllllllOJIS IIml eXI:lellll<:$ UlcuueU III ,,,mmg IUtd r:l~1Jg lhe $i1ime and "olkctillll n:nlals therdrom; lhe balance remaining, if any, to be
<br /><qlplltd to,""lIId the dtscl1lJ1lge of iIa..J munglllle lIloeblednes".. ,lIes.: ,.g.l)h of lh~ Illo'l!l3t,ee may be exel<;;SIt.'<! at any lime during lhe existence of sucll
<br />default, in~\ll'(;lIve of ally lcmp",,,ry WlIlIer I)f Ihe sallW.
<br />
<br />fhe,., Ptes.:-ut,. 1\1,1\''''''''''. ar" UI>V11 Ihe Con<hlion. rhal rf lhe """J M"'lg'~l!iol iIl,all said loan ,)fl 01 before the tUlltullty of said share~ by
<br />paYUlelll. pay mOillhly (0 '111\1 A&';OCl!\ rHiN of the ~llm ill lhe HonG ",:cmt:d as JIlleles.t and pflllerpal 011 said loan, 011 ()( before
<br />11l'C IWlIlltielh dot)' of clKh ;~mle""IY momh, mull $lllll loan" p',*KI; P'ijl "II la KC~ am! ~""llienl5 lcVled against said premises and on .thh Mortgage
<br />
<br />JUtd tile Baud ""':;""Nll.hcreby, helme I.kllllquen..:y. (urm.m the.. the3:wn m the $I.UlI of$ 9,045.12 payable
<br />10 $00 A.SS(lClAT10N; '''pal' :;;:Ild ASSOClAHON II palll lor !axe5, ll.C"""OSIliellts and insllfance with inlereSlal
<br />tile ma.ll.illmm l<:gal rale Ilh.:R'on l;w!U llale 01 P~YIll':1lI 10 pay; pelmit no waSil: (>II said preml>\es; keep and oomply
<br />
<br />wllb llll the .1gm:mCllls lln<J or'"u'llIOIIS ll! the Bond 101 $ ':),045> the "'lid Mortllll8or lo said ASSOCI.Al10N, and comply
<br />WIth aU tbe 11t"lmrem"f1l'; ollne Clmsllt'ltlOn and 8y-Laws ,)f llaKl preso:mls sh,..Il become null and void. otherwise they
<br />shaU ren:wnn in full low:: and !ll:ilY be fmed.,sed at Ihe 0\ tbe $iud ASSOCIATION after l~illlre for three months tollMlke any of said
<br />paynlCHlJi or be ttl'~"" mUllths ill lHICMll ill ma\;.mg s.iiid ur !o alld cOluply with Ii", agreernenlli and oonditJon5 of said Bond;
<br />and M<Xtl:liol&lll agrees h) h"~",, 'e:;,;c,,'e, appoinled f,,,thwi!.h Itl
<br />
<br />If there IS all)' Chall~ ill of lhe ,Cli e'St:ll!:
<br />_cd s:hall, lit the "i!l.ion of Buil~ ltu.cJ
<br />further lwtio:, JUld tire .UOOOOI due ..m.ref $<!.KI
<br />dacte .of exercise Qf sa.KI bear lIr the
<br />bond, and ;!If'Y ,)tMr
<br />Nt.>b~ fQ;, imuran\CC, t:axe;
<br />legal rate.
<br />
<br />As
<br />
<br />
<br />
<br />entire ",..mammg indebtedness hereby
<br />immediately due and payable without
<br />ad\llln;,;c;i> TIlade thereWl.re.r.. wi!, from the
<br />to s.atisfy the aroowtl. due on said
<br />Wll:Il Assotiatiull of Grand bland.
<br />dattc of paymenl al Ihe maximum
<br />
<br />
<br />,ern;u:r~, in cHoc! tire III.lrcaH""
<br />14,..11 ll<' WIthin the mQrt~
<br />10I:X<;L.."d all any lime the "'lglJJalltlrJuWlI of thjs 1I1U,~~.
<br />
<br />addioonw sums. to !.he
<br />same as the funds originally
<br />
<br />A.D"J'I83
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