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<br />84-
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<br />003490
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<br />MORTGAGE
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<br />MORTGAGE LOAN NO" "_J:L2L226
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<br />MGIC 'AMI,
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<br />KNOW ALL MEN BY TIfI'^~E PRESENTS ThaI
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<br />Jerry W. Sevy and Jerolyn R. Sevy, each in his and her
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<br />own right and as s:pouse of each other, Mortgagor. whether one or more, in consideration of the sum of
<br />Ji~~__,);,Jr"",~gnc;LC!llg_BoLLQQ=_::=_::"::::-=--=-_=_::_::.===-=.:::_=::===::_::.:_::-------------------- DOLLARS
<br />loaned to said mortgagor by The Equitahle Building ant: Loan As..'..ocjation of Grand Island, Nebraska, Mortgagee, upon 540 shares of stock of
<br />said ASSOCIATION, Certificate No_ L 24,226 , do herehy grant, convey and mortgage unto the said ASSOCIATION the rollowing
<br />described real estate, situated in Hall County, Nebraska:
<br />All of Lot Three (3) and the West One HaJlf (W\) of Lot Two (2), in Palu Subdivision
<br />being a part of the Northeast Quarter of the Northeast Quarter (NE!iNEk) of Section Thirty
<br />Three (33), in Tcwnship Eleven (11) North, Range Nine (9) West of the 6th P.M., and a
<br />tract of land lying south and adjacent thereto, being a part of Lot Four (4) in said Palu Sub--
<br />division, which is more particularly described as follows: beginning at the Soutm-lest
<br />comer of said Lot Three (3); thence running East along and upon the South boundary line
<br />of said Lot Three (3) and Lot Two (2) for a distance of 112.5 feet; thence turning at
<br />right angles and running south a distance of 40.0 feet; thence turning and running
<br />west and parallel with the south boundary line of said Lots Three (3) and Four (4), a
<br />distance of 112.5 feet; thence turning and running north a distance of 40.0 feet to the
<br />southwest comer of said Lot Three (3) I being the point of beginning; excepting therefran
<br />that part of Lots Three (3) and Two (2) of Palu Subdivision, as conveyed to the State
<br />of Nebraska, by Warranty Deed recorded in Book 137, Page 171 of the Deed records of
<br />Hall county, Nebraska.
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<br />together with aU the tenemcn~s:. bi.:u'du.:,uHrrHS and appurteo.a.nL'Cs thereunto belonging, including attached f1QOf covering!, _all 'window scieensi_,
<br />window shades, blinds. 510rm WIW.iOWS. aWll'ngs. he,atlng.. au condltJOuing. :and plumbing and water equipment and accessories titereto. pumps. stoves.,;.
<br />refrigerators, and other fixlUres and equipmi:' j.dW or hereafter .anal'.hcd to at used i.n conneciivn with said real estate~
<br />And whereas the said mor!gagw has agrec-d ami dnes hereby .agree that the mortgagor shall llfld .will pay all taxes and assessments IeYie(I.':or
<br />assessed upon said premises :md upon thi~ mort!!:agc anti lhc hond secured lhereby bdore the- same shan become delinquent; to fwilish.--approve4_
<br />insurance upon the buiidings on s:.1!d prCl1U$I;:S- similted. in the Sum of $ 54,000.00 payable to -said- ASSOCIATION -and too-deliver -to -sBid
<br />A.~SOCIA TION the policies fUf sajd In:>unmcc: 31IU nOl to c.mnmn or pumlt any wasle on or about said premises;
<br />In case of defau)t Hi t~c pcdorw<Jn-:c of any ui' flle ierms:and cf)nu~lions of this mortgage or the bond secured hereby, th~:mott~_-'~~,
<br />on demand. he entitled to lHlIHt:dlall' IJusSC-~lon ,)1 tht, mOllgaged pH'mlse:,; and the monga.goI hereby assigns, transfers and- sets oVC'r.:to_:"t:he
<br />rnortgagee ~II the- fellts~ revenues. and inron1(~ w lw denved from the mortgaged premises during such time 3$ the-mortgage indebtedncss.shall remain'-
<br />unpaid; ami thl: fI)Of~gagec sh<iH hJ.\-'l: Ihe p'JWl;f In aPlmint any a~enl or agents it may desire for the purpose of repairing said-premises-and:reIlUng
<br />the same_ and coUcctmg the nmt:>, n,,'ienU\:;\ ~lld fI1come. and it may P:IY Uill of saw inl.'ome all expense:! of repairing said premises: and~_Jlece~
<br />commiSSolow. and c-x~nsc~ U1(::~!f~d lJ\ rt.:Hllflf, _allu managmg the- S:Hne and of collecting renfals lherefrom; the balance remaining,-,if any~,~o--be,
<br />applied loward t~te dlSchlJr~e 01 s.aHl !!lutit'}lgl~ l!lJt'btC'uncs.s~ these fIghts. vf the- mortgattee may be ext-Ic1sed--at any time during the existence of such
<br />defauh. Iffl:Spectwc i.ll .any 1~!npt'r;HY W<i.l'\-'t;'f ~Jf ihc: :"i1mc-
<br />These Pre$Cnts, hnw~vcf. Jle- UpO-ll i~t:YofldltHm. ThJ:lif ~he s.3_iJ Morlg3gpr shall repay said l~zul Of! or befor:e the maturity ofsaid,shareshy
<br />payment; p~y m()IHI~ly !O \:ud ~\SSC}l..,'f '\ [!UN :Ill: ~Ulll Sf)t:ClflCd In the Bond secllred hereby as mtecest and principal on :said loan., on,orbefore
<br />the Twemlelh uay oi ~~ach :wd cn~IY S;mJ loan t~ tuUy p,a,uJ; pay .aU taxes and a-SSe$Sluents levied-against said premises-and,on thiSMor1gage
<br />and the Bond_ w(~ured {hCfCUY, hck'l~ Jdt~lljll{"!\C~', i urr.m:h 4PJ.~roVt:J ift'iUfaJ,lce upot.1 lhe buildings thereon in the sum.of s- 54 -00.0.00 __ payable
<br />to said ASSOCIATION: ;ep3Y S;SIU ASSO('IA 1 tON tlj)Ol1 oernan-d aH money by II paid for such taxes, 8liSeSSfOOols_and in~ce Wilh"inte~st__aL~
<br />lhe maximuHilegllJ 14ic thCh'Ol', {film d.:tlC ,;j p<tyrncfll all of whicb Mortgagor hef~by a.i1,f..:e'$ tu pay;permi.t no Waste on said premises;,keep anQ-C9fn'pli,;-
<br />with all the agleemCnls. auu_,':-tm,htiQn:; of :ht.: IkmJ. for S54 ,.000.00 this Jay given by the said Mongagol tl..) said ASSOCIATION. a1td,'co~p:Jy
<br />wuh aU the JcquHC'lllcnlS 'l.H tbe Conshi1)llt..'H 4nti By-Laws ()l ~Hl ASS()(]ATJON~ then theSot:: presents shall hecome null and_ lI:oid, oU1erwjse:thC}i
<br />shaH remain in lull f~HCC :HllJ emy 1,,~ !OJ~Ci0S!::J iH the. oplu.Hl 01 [hi: s;w! ASSOClATION afler failure fOJ _three months to make- any' of-:sal9-_
<br />payn~nlS I)! he three _nlollths IH arl'e.HS m /Il:.ikUlg :;.a_l.J I1j(JIHl11y payments. Of (0 keep and wmply with lhe agreements and-conditiollis of -SBidBond;
<br />and MOrlgaguf aga.'Cs to haw <J ,ect'P,"\.'r dppoml.:d funhwith in SUcil fmet:losllft.~ proceedings.
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<br />:r It,,,;.:: i" diii "::'d_il~~ ... i.1!l' Kill "--~lalc lIiOf-lgagco helem, hy saie or othetwJ5e. then the- entue remaining indcbte:dness hereby
<br />secuted shall, ai the Ol)ll~lli of The j Building and Loan AW>Cillt.iun of Crand.lsland. Nc:bra,ska, become ,immediately due and payable ,without
<br />furthcl noti\:c. and fhe- :JInumH Jut' UH\ler $altl b-onJ, and aoy uther bond for any additional advanl..'fs made lhereunder,. shall., frum the
<br />date of cx.crcjS(.' of s.aiJ OIHlI.HI, be.if _ <il lhe rtlJ),.:unUlulegaJ rale, and [his mortgage may then be foreclosed to satisfy the amount due on:SOlid
<br />boud~ aM ~flyythef tl{)ud for ad...htjonai- <ithr;,HlCcs, iu:gclhel ~lth aU s.ums paid by sai~ T~e EquHable Building and Loan Association of Grand Island;
<br />Nebraska tor lllsuranc-e, '",.xes ..nd a~&\lt}[:n!s.llnJ ab:stl-,jC!lng extcns.ll.m ~h.at'gc:;. WI(h lrtt\"rcst thereon, fWnl date of payment at the maximum
<br />legal rate.
<br />1\~ pro..ided i(; lhc BOJ,J ~nJU.'J iWlt:bv. '<~'luk thi:. mortgage fem..lHlS in d'fect the UJwtgagcc _may hereafter advance additional sums to the
<br />~ukers of said Bono, their ,:usigm.. ~n ~~a(,;c":,:::<",,';.5- mJnr<;;tl.:1-;t. wbjd, ~!Jm5 ;~!i-.iillly_' withm the security of !~is mortgage the :..o'une as the fU.1ds Qriginally
<br />s.:ecufed then'by, th;: l\ll<t1 ::llll,)Unt Of l'fJnCljM-l ,kb, nol 10 :;,x,-:~<.:-J at ;l1iY liB1/: the- onguwJ ;JIlIOunl of thiS mortgotgc.
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<br />~Ierry W. Sevy and Jerolyn
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<br />R. Sevy, (,2\ch in hi.s and her 0'w11 right an~S\s g?it'ser<9J;.,~'i:\fuwn'"
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