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<br />CORRECTIVE MORTGAGE TO CORRECT THE LEGAL E~ESCRIPTION
<br />79-- U 0 3 51 U ~~ ,C~~c~o~.c
<br />79- u~3644
<br />MORTGAGE
<br />MORTGAGE LOAN N0. L 23447
<br />KNOW ALL MEN BY THESE PRESENTS: Thai Char i es E. Hoffman and D. Sue Hoffman , each i n his and her
<br />own right and as spouse of each other
<br />Mortgagor, whether one or more, in corsideration of the sum of
<br />T~iry Ftsrtr Thnusanrl and NO/100----------------------------------- flOLLAR.S
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 24D shares of stock of
<br />said ASSOCIATION, Certificate No. L 23441 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Two (2) except the North 88.3 feet of the West 173 feet thereof and
<br />except the South 15 feet thereof; Lot Three (3) except the South 71.7
<br />feet of the klest 713 feet thereof; Lot Fpur (4) ascent the Westerly 99 ,
<br />feet t5ereof•,`and Lot Tfiirteen'~(13j all ih Fairacres`Dairy Su6iiivision in
<br />the City of brand Island, Nebraska according to the recorded plat thereof.
<br />together with all the tenements, hereditamen[s and appurtenances thereunto belonging, including attached hoar coverings, all window xreens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accxssaries themto, pumps, stoves,
<br />refrigerators, and other f-txtures and equipment now or hereafer attached [o or used m connection with said real estate.
<br />And whereas the said mortgagor has agreed and dues hereby agree that the mortaagor shall and will pay all taxes and asxssments levied or
<br />assessed upon said premises and upon this mortgage and the bond stored thereby before [hz ;ame shall become delinquent: to furnish approved
<br />itnurance upon the buildimgs on said premiss s.tuated Jn the sum of S 2Q ~DDD, DD payable to said 4SSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to mmtnit or permit any waste on or about said prenuxs;
<br />to case of detauitvt the perCormanx of any of the terms and conditions of this mortgage or the bond soured hereby, the mortgagee shalt,
<br />on detttanrl, be entitled to immediate posxssion of the mortgaged premiss and the mortgagor herby assigns, trarsfrrs and xts over to the
<br />tiwrtgagee all the rents, revenues and income to be derived from the mortgaged premiss during such time as the mortgage indebtedness shat( rennin
<br />tmpaid; and fhe tnortgagce shall have the power [o appoint any agent or agents it may desire for the purpox of repairing said prernixs and renting
<br />thr ~ and colkUing the rents, revenues acrd income, and it may pay out of said income all cxptnses of repairing said premises and necessary
<br />cotmnissonx and rxpetues inatr[ed in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />aapp~pIxaedd toward the d-ixhargr of said mortgage irnirbtedrxss:these rights of t}re morigagez may be exercised at any lime during the existencr of such
<br />defatilt, irrespective of any tcmponry waiver of the same.
<br />Thex Prexnts, however, are upon the Cunditson, The[ if the said Atorigagur shall repa}• said tear. on or beforr the maturity of said shares by
<br />payt[teat; pay mont}dy to said ASSOCIATION of the sum specifxd in the Bond soured hereby as interes[ and principal on said loan, on or before
<br />theSwentieth day of each and entry nsonth, until said loan a fully paid; pay all taxes and asxssmen[s levied against said premises and on this Mortgage
<br />and the Bond secured thereby, beforr delinquents=: furnish approved insurance trpun the buildings thereon in the stun of S 24 QOQ QOpayable
<br />to said ASSOCLATION: repay to said ASSOCIATION upon demand all money by it paid for such taxes. asxsxments and instuadce wrCh utterest at
<br />the maximum legal ran therron from date of payment all of which Mortgagor hereby agrees to pay; permit no waste as said premises; kcep and.comply
<br />with all the agreements and conditions of the Sord for 524 ~~ ~ this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirrrnents of the Constitution and By-Laws a~ sasd ASSOCIATION: then thex presents shag become null and void, otherwix they
<br />shall remaut in full torte and may be Carecloxd at the option u( the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three months in arrears m making said monthly payments, or to kzep and comply with the agreements and conditions of said Bond;
<br />amt Mortgagor agrees to have a receivzr appoin[ed forthwith in such foreclosure prottedings.
<br />if there is any mange in ownership oC the real estate mortgaged herein, 6v sale ur otherwix, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br />further notice, and Lhe amount remaining due under said bond, and any other bond for any additional advances made thereunder, shat(, from the
<br />date of exrrcise of said apLion, beats interest at the maximtrm legal ran, and this mortgage may then be Corecloxd to satisfy the amount due on said
<br />6and,and any other bond for additional adtances, together with all sums paid by said The Equitable Building and Loan Association of Grand Istand,
<br />Nebraska for irtsvranee, taxes and assessrttrnn, and abstracting extension charges, with inurest thereon, from date of payment at the maximum
<br />legal rate. ~ -.~,
<br />As provided in Ste Bond secured hereby, while this mortpsge remahis in efCcct the mortgagee may hereafter advance additions! sums to the
<br />makers of said $ond, their assigns ar successors in interest, which sums shall be within the xcurity of *_his mortgage the same as the funds originally
<br />aeeured thereby, for total amount of ptintipat debt nut to exczed at any time the original amount oC this mortgage.
<br />~+/;'Dated ~ 5th day of June A. 0.,19 79
<br />Eiwr E Hoffman /"
<br />STATE OF NEBRASKA, ~ ss. On this 5th day of June 19 ~9, before me,
<br />coIJNrY ot< xALL
<br />the undersigned, a Notary Pub@c in and for said County, personally pine
<br />6harles E. Hoffman and D. Sue Hoffman, each in his and her own nigh Nhond as spouse~f each
<br />tithCr. - - are perso y known to
<br />tae t0 be the itkntical person S whost rrame 5 are affixed to the above instrument ti mortgagor S and they -x7verally
<br />adcttowledgad tin sad instrument to be #}~ ~jp volurttsry act and deed. /
<br />~PITNESS toy hand tndl~Totatial-Seal the date aforesaid.
<br />MyCamrnission expires - -•;~ ~ .'_~ : '~ . ~!
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<br />bty t:unirn. tzC. Srsrt. i. l4gi /+
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