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79- ~ ~ .~. ~ .~
<br />MORTGAGE _
<br />MORTGAGE LOAN NO. L23364 MGIC
<br />1G'30wALLMENBI'THtSEPRESENTS:That Richard M. Deacon and Judith A. Deaton, edch in hiS
<br />and her own right and as spouse of each other
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Thirty Dne Thousand Five Hundred and No/100---------------------------------------~oLLARs
<br />loaned io said mortgagor by The Equitable Building and Loan Association of Grand island, Nebraska, Mortgagee, upon 315 shares of stock of
<br />said ASSOCIATION. Ctrtifiicate No. 1.23364 MGIC . do hereby gram, eonvz} and morigagt unto the said ASSOCIATION the following
<br />described real estate, situated ir, hall County, Nebraska:
<br />A TRACT OF LAND COMPRISING THE NORTHERLY ONE HUNDRED EIGHTY THREE AND
<br />FOUR TENTHS (183.4'} FEET OF LOT TEN (10), GEER SUBDIVISION, GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA9, SUBSEQUENT 1-0 AUGUST 16TH, 1972 AT 8:00 O'CLOCK AM.
<br />AND
<br />THE NORTH ONE HUNDRED EIGHTY THREE AND FOUR TENTHS FEET (183.4') OF THE
<br />NORTH THREE HUNDRED SIXTY SIX AND EIGHT TENTHS FEET (366.8'} OF LOT NINE
<br />(9) GEER SUBDIVISION, IN NORTHEAST QUARTER (NE;) OF SECTION NINE (9},
<br />T[0j4lNSHIP EL~EpVE~N~~(11}, NF(O~RTH~, RT(A}NG~pEyNINnE 7(9) WEST, IN~G}RANnD ISLgAMND HALL
<br />together with al1O~~t@nemEn~t's"fiei~ddafienTssa7i'tlUa{~S~ttrteA'dnceS'ther~t7rtlobglb~git~Tin~I~~i1Sg`~tt~~lr~~obt•~'d0erings, alt window screeds,
<br />window shades, blinds, starm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories [hereto, pumps stoves,
<br />refrigerators, and other fixtures and equipn.eat now or hereafter attached to ar used ir. connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that [I:e m~x[~¢or r_hail and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before [he same shall become delinquent; to furn:3.. approved
<br />insurance upon !ht buildings on said premises situated in the sum of S 31 , 500.00 payable to said .45SC+CIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance: and ndt to commit or permit any was~ie on or about said premises;
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bend secured hereby, the mortgagee shall,
<br />on demand, bt tntitlzd to immtd,ate possession of th° tnnrtgaged premises end the m~~r[gagar hereby a~gns, transfers and sets over to the
<br />mortgagee ail the rents, revrenues and income to be derived from the mortgaged premises during such time as the mortgage irdebtedntss shall remain
<br />unpaid; and the mortgagee shots have the power to appoint any agent or agents it may desire for tF:e purpose of rtpairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay nut of said income all expenses of repa"wing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentak therefrom; [he balance remaining, if any, [o be
<br />applied toward the discharge a£ said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the saute.
<br />These Presents, however. are upon the Condition. That if the said Mortgagor shall repay said loan nn or before the maturity of said shares by
<br />paymenF: pay monthly to said ASSOCIATION at the sum specified ir, the Bnnd secured hereby as interest and principal on said loan, on or bet"ore
<br />the Twentieth day of each and every month, until said loan afull}- paid; pay ail taxes and asstssmtnts levied against said premises and nn this Mortgage
<br />and the Bnnd secured thereb},before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 31 , 500.00 payable
<br />fo said ASSOCIATION; repay to said ASSOCIATION upon demand aIl n:~~ eey h}• it paid for such taxes, assessments and insurance with interest at
<br />the maximum legs! rate thereon from date of payment a!I oY which Mortgagor hereby egrets to pay:permit nn waste on said premises keep and comply
<br />with a;l the agreements and conditions of the Bond for S 31, SOO.OO this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with alt the requirements of the Constitution and By-Laws of said ASSOCIATION; then these presents shag become null and void, otherwise they
<br />shall remain in full foret and may be foreclosed ai the option of the said ASSOCIATION aRer I'aflure for three months to make any of said
<br />payments nr be three months in arrears is making said monthly payments, nr to keep and comply wilt[ the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a rtceisYr appointed forthwith in such foreclosure proceedings.
<br />!f there is any change in ownership of the real esfate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured :hall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska,becatne immediately due and payable without
<br />further notice, and the amount remaining due under said bo__d, and any other bond for any additionaF advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rata, and this mortgage may then be foreclosed to satisfy the amotmt dot on said
<br />bond, and any other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extersion charges, with interest thereon, from date of payment a[ the maximtutr
<br />tegad rate.
<br />As provided in the $and severed hereby, while this mnitQ use remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, Yheir assigns ar successors in interest, which s! :ms shag be within the security of this mortgage the same as the funds originally
<br />secured thereby, [he total amount of principal debt not Eo exceed at any time the original amount oC this mortgage.
<br />Dated this 19th day of March A. D., 1979
<br />,LtRt~r~"3~ ~ "°`'~ cam . r,
<br />Judith A. Deaton
<br />-STATE OF NEBRASKA, t ~ On this 9th day of March 14 79 ,before me,
<br />COLtNTY 4F NALL 4
<br />the undersigned, a Notary Public in and Cor said County, personalty came
<br />Richard M. Deaton and Judith A. Deaton, each in his and her own rio~lt and as s ougg of
<br />each other ~`"n are p~rsonatiy known to
<br />me to be the identical persorfi whose nano S are affixed to the above ' rumen mortgagor S and they,--severally
<br />aekdawledged the said instrument to be i:hei r voluntary act and deed. `--~ /
<br />\. ~~` '~~
<br />WITNESS my hand and Notaria3 Seal the date aforesaid.
<br />My Commission expires / ~ r "-~
<br />~W'C~ (/,_-.-..-' r Notary Public
<br />Gi :M R! '~ f y! /,,r~,.' ~ GENT=R1)_ NOiARY . t ~ r t
<br />ta.e at Nebr.
<br />JAMES 1'J. OLSOtt
<br />M1'y Comm. Exp. Nov. 1<"".2919
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