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79- Clfi3134
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 23429
<br />KNOW ALL MEN BY THESE PRESENTS: That Rudy C. KBCh and Maxine D. Koch , each i n his and her
<br />own right and as spouse of each other
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Sixteen Thousand and No/100------------------------------------------------------ DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Rortgagee, upon 160 shares of stock of
<br />said ASSOCIATION, Certificate No. L 23429 , do hereby grant, convzy and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />A TRACT OF LAND LOCATED IN THE SOUTHWEST QUARTER OF THE 50UTHEAST QUARTER
<br />(SW4SE4) OF SECTION TWEIVE (12), TOWNSHIP TEN (10} NORTH, RANGE TEN (10)
<br />WEST 6TH P.M., HALL COUNTY, NEBRASKA, DESCRIBED AS COMMENCING AT TFIE
<br />SOUTHEAST QCRNER OF THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER
<br />(SW;SE;) OF SECTION TWELVE (12) ABOVE DESCRIBED, THENCE RUNNING IN A
<br />NORTHERLY DIRECTION ALONG AND UPON THE EAST LINE OF THE SOUTHWEST QUARTER
<br />OF THE SOUTHEAST QUARTER (SW4SE4) A DISTANCE OF 330 FEET: THENCE AT A
<br />RIGHT ANGLE WEST A DISTANCE OF 132 FEET: THENCE AT A RIGHT ANGLE
<br />SOUTH A DISTANCE OF 330 FEET TO A POINT ON THE SOUTH LINE OF THE SOUTH-
<br />WEST QUARTER OF THE SOUTHEAST QUARTER (SW;SE;) THENCE AT A RIGHT ANGLE
<br />ON SAID LINE A DISTANCE OF 132 FEET TO THE PLACE OF BEGINNING,
<br />CONTAINING ONE ACRE MORE OR LESS.
<br />together with all the tznernents, hereditaments and appurtenances thereunto bzlonging, including attached floor coverings, all window sucens,
<br />window shades, blinds, storm window's, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps stoves,
<br />refrigerators, and other ftxtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And wSereu the said mortgagor has agreed and does herzby agree that the mortgagor shall and will pay a6 taxes and assessments levied err
<br />sssessed upon said premises and upon ibis mortgagz and the bond secured thereby beforz t?re same shall become delinquent; to famish approved
<br />¢~,surattce open thz buildings an said premises situated jn the sum of 5 16,DOD. DO payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies far said insuranx; and not to aammit or permit any waste on or about ssid premises;
<br />In cast of default in the performance of any o7 the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immedute possession of the mortgaged premises and the mortgagor hereby assig:ts, transfers and sets over W the
<br />mertgt~e aL the rents, revenues and income tc be derived from the mortgaged premises during such time as the mort_eage indebtedness shah remain
<br />unpaid: and the mortgsgtt shah have the power to appoint any agent or agents it may desue fur the purpose oT repairing said premises and rentveg
<br />the same and aoliecting the rents, revenues and nrcome, and it may pay out of said income a6 expenses of repairing said premises and neaasary
<br />camntissbrrs and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied tawYrd the discharge of said mortgage indebtedness: these rights of the mortgagee may be exercised at any time during Lhe existence oC such
<br />default, irrespective of any temporary waiver of thz same.
<br />These Presrnts, however, are apon the Canditien, That if the said Mortgagor shall repay raid loan on or betere the maturity of said shares by
<br />payment; pay rrtanthly is said ASSOCIATION of the sum specSxd in the Bond secured hereby as intzrest and principal on said Loan, an or before
<br />thz Twcittieth der}' of each and every month. until said lean is futiy paid; pay all taxis and assessments k4ied against said premises and on this Mottgage
<br />and the Bond secured thereby, before delinqutrcy; Cornish approved insurance open the buildings ihzreon in the stun of S 16 , OQO, fl0 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum k¢al rate tlt=teen from dau of pa}'incnt ail of whit tt Idartgagor hereby agrees to pay; l+erirut ne wasu on said premises; keep and comply
<br />with alt the assesments and conditions of the Bend for S 15~D, QQ this day given by the said Mortgagee to said ASSOCIATION, and cottrply
<br />with aII the requirements of the Constitution and By-Esws of ASSOCIATION; then these presents shall becor~ null and void, otherwiae they
<br />shah remain in full fortt and may be foreclosed az the option of the said ASSOCIAT.ON after failure for three months to make any of said
<br />paymenu err be three months in arrears in making said monthly payments, or to keep and comply with the agreements and rnndiiions of said Bond;
<br />attd Mortgagor agrees to have a receiver appointed farthwaith in such iorzclastrre proceedings.
<br />If there is any cltattge in owrxtship of ttx teal estate mortgaged hersin, by sale or otherwise, then the entire remaining iudebtedness hereby
<br />scoured shttl, at the option of The £quitabk Building and Loart Acwr:iation of Grand Island, Nebraska,Sewttse immediately due and payable without
<br />further notice, and the amount remaining due under said band, and any other band for any additional advances made thereunder, shah, from the
<br />date of exerts of said option, bear interest at the maximum }egal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />SatuC,and am' tether Sand tar addititsnai advances, tagettrzr will: all sums paid by said Tex Equitable Bu$ding and Loan Association of Grand Island,
<br />Nebraska foe insursna, taxes and assessnxnts, and abstracting extension charges, with interest thereon, from date of payment at the nwcimum
<br />kgt rate.
<br />A: provides in t}x Bond Acura: lxreby, while ibis mortgage rem?,ins i. offer, the mortgagee may hereafter advance additional Sums to the
<br />makers of said Bored, thew assrgtu err surxessors in interest, whits surrts shall be within the sn:urity of this mortgage the same as the funds originally
<br />secured thereby, the tatat amount of prindpat debt rwt to exceed at any time the original amount of this mortgage.
<br />ud "s 22nd day of Mdy A. D., 19 79
<br />¢E -
<br />~IFie~LI~F
<br />STA$E OP NE'BRASICA. ~ era. On thin 22nd day of Mdy 19 ~ 9 ,Before me,
<br />COlJIV1Y t1F HALL
<br />~~ C. and-'Maxine (). Koch ~ ~ v=-dcrstgrsed, a Koury Fubfic in and far said County, personally came
<br />each in his and her own right and as spouse of each ether ,.= ~ ~j are pcraonauyknawnto
<br />rise to be tko idectitai pttstm S whose name S die affixed io thz above instrturxm as mort~rS and they severally
<br />zsYnovrledEed the said inatsmssatt to be their voluntary act and decd. /
<br />Wl'INF,S.S illy hand attd Notarial Seal the date aforesaid. fr ~ rte'
<br />My tx ' a
<br />~ - CHtALtt RC'fa&Y-3tata cl lCebtasla
<br />st-set tti JOY M~ BEAZLEY
<br />L ~i 6.~t. €xV. ~. 1, ill l
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