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<br />M~:`fc,~~~ra~o:
<br />MORTGAGE LOAN A;O. L 23:07
<br />xr;~~rA7,7-~i~Na~~I~IFS1:px~.sliNTS:rnat ~ygias E. McDonald and Dt=_borah J. Mr_Oonald, each in his
<br />and her even right and as spouse of eacri other
<br />Martgsga, wltethtr one or more, m consderatism of ttze sum of
<br />Elet[P~ Thnt±canfi mix-HundrQSLdI1d~~7f1Ct--------------_------------------------------~i1.ARS
<br />loaned to said most ;far by The Egnitabk Bugsiing and I.uan Association of Grand Ia3snd, Neb-ar9ca, Mortgagee, upon 1 16 ainres of stack of
<br />said ASSOCIATION, Certificate No. L 23~D7 , do hereby grant, convey and mortgag; unto the said ASSOCIATION thie fottovriog
<br />desQSTxd real estate, situated in Hall County, Nebraska:
<br />A TRACT OF LAND SITUATED IN THE' SOUTHWEST QUARTER (SWs) OF SECTION TWELVE (i2},
<br />IN TOWNSHIP ELEVEN (il} NORTH, RANGE NINE (9}, WEST OF THE 6TH P.M., MORE
<br />PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT A POINT it FEET SOUTH AND
<br />l2 FEET EAST OF THE NORTHEAST CORNER OF LOT 7 IN FAIRACRES DAIRY SUBDIVISION
<br />LOCATED UPON A PART OF SAID SOUTHWEST QUARTER OF SAID SECTION 1.2_; RUNNING THENCE
<br />EASTERLY ON A LINE PARALLEL TO AN EXTENSIOPj OF THE NORTHERLY LINE Or SAID LOT
<br />7, FOR A DISTANCE OF 74 FEET, RUNNING THENCE IN A SOUTHERLY DIRECTION AND PARALLEL
<br />TO THE EAST LINES OF LOTS 7, 6 AND 5 OF SAID FAIRACRES DAIRY SUBDIVISION, TO
<br />THE NORTH LINE OF LOT 14 IN SAID FAIRACRES DAIRY SUBDIVISION, RUNNING THENCE ALO~dG
<br />AND UPON THE NORTH LINE OF SAID LOT i4 IN A WESTERLY DIRECTION AND ALONG AND UPON
<br />AN EXTENSION OF THE LINE OF SAID LOT 14 FOR A DISTANCE OF 74 FEET, RUNNING
<br />THENCE NORTH AND PARALLEL TO THE EAST LINES OF SAID LOTS 5,o AND 7 TN FAIRACRES DAIRY
<br />SUBDIVISIOPJ TO THE PLACE OF BEGINNING, HALL COUNTY, NEBRRSY.A.
<br />together with all lire tenements, hereditaments and appurtenances thereunto belonging, inctuding attacf~d floor coverings, a6 vvindaw sa'eens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereaz the said mortgagor has agreed and does hereby agree that the mortgagor shall and wilt pay sQ taxes and asseanrents levied or
<br />assessed upon said premises and upon [his mortgage and the bond secured thereby before the same shall become dtlinquent; io famish approved
<br />insurance upon the buildings on said premixs situated in the sum of S 11 , 6DD. DD Payable to said ASSOCIATION and [o deliver to mid
<br />ASSOCIATION the policies for said insurance; and not to rnmmit or permit any waste on or about said premises;
<br />In case ai default in [he performance of any of ¢he terms and conditions of this morzg ge or the bond secured hereby, the mortg~ee shalt,
<br />on demand, be entitled to immedate posxssion of the mortgaged premises and the mortgagor hereby assigns, transfers and xts over to the
<br />mortgagee all the rends, revenues and inwme to be derived from the mortgaged premises during such time as the mortgage indeb[edass shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises arrd renting
<br />the carne and wllecting the rents, revenues and income, and it may pay nut of said incorrte all expenses of repairing said premises and rttcesa[y
<br />commissions and expenses incurred in renting and managing the carne and of coikcting rentals therefrom; the batanoe rerttaitting, if any, to tx
<br />applied toward [ht discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of stilt
<br />defaut, irresgectivt of any temporary waiver of the carne.
<br />There I'res".nts, iunevar, sre upon the CondiL~on, That if the said Martgab~r shall repay said loan oa ar before zht matrtrity ~' sai:l charts by
<br />payrrrent; pay monthly to said ASSOCIATION of the sum specified in the Bnnd xcured hereby as interest and principal on said roan, on or before
<br />the Twentieth day of es~t and every month, unfit said loan is fully paid; pay all taxes and azxssments levied against said premises and an tits Mortgage
<br />and Eire frond severed thereby, before delinquency; famish approved insurance upon the bm7dings thereon in the stmt of 71i 1 , 60D, 00 payable
<br />[n s~ Ac~~'tA.T'ION: repa+;• to said AS_SOf'IATION upon demand al4 money by it paid for sr~ch taxes, as9esurt<nts and innrren£e with iatete~ >rt
<br />the maximtun iegai raze thereon. from date of payment all of which Mortgagor hereby agrees to pay;prrmii mr waste oa sold premixs;keep and comply
<br />with all the agreentems and conditions of the Bond for sl 1 bOD. OD this day given by fhe said Mortgagor to said ASSOCIATION, and comply
<br />with ail the requirements of the Constitution and By-Laws ol'said ASSOCIATION; then these presents mall btcomC nail and void, athtrwise utey
<br />snail remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees Gr have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale m otherwise, then the entire remaining indebtedtteva hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Is1and,Nebravka,betptrre immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any ot.'xr bond for any additional advances made thereunder, stub, from the
<br />date of exerrse of said option, bear interest at the maximum legal rate, and this mortgage may then be forecloxd to satisfy the amount due oa said
<br />bond,and any other bond for additions! advances, together with all sums paid by said The Equitable Building ctrl Loan Association of Gnmd Island,
<br />Nebraska for instuance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payatent at the truximum
<br />legal rate.
<br />As provided bt the Bond secured hereby, while [his mortgage remains in effe~K [he mortgagee may hereafter advantx additional stuns to the
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within the secruity of this mortgage the same az the funds originally
<br />xcured thereby, the fatal amount of principal deb[ not ro ex~ecd at any time the original amount of this mortgage.
<br />Dates ~ 8th day of August A. D., i9 79
<br />ug t ~ ono
<br />Deborah J. c0onaid
<br />STA'T`E OF Nt:BRASKA, ~ ~ ~ this $th day of August t9 79 ,before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally aloe
<br />Douglas E. McDonald and Deborah J. McDonald, each in his and her ow~o fight andp~a~s~lgnas ~ of
<br />eat:h other ~= are
<br />ea to be the identical person g whoa name s are affixed ro the above instrunteui as or s and they severalty
<br />acknrrwkdged the said instrumen! to ire their voluntary act and deed, f`
<br />WITNESS my frond sad Notarial Seal the date aforesaid. f ,% i' ,
<br />My Commission txpues t -'""'~" ~~ :y -' ~ '~ ~~ ~ _ L ~ ;
<br />~ 8€M€F.dL Nor@ltr-gtarn_nf Msbrasts € _ ~,~' _~.<:-
<br />ta?S?~ s• i f ~ JOY hfi. BE4ZL£Y .. ' ~
<br />tiY Carve. Fxp. Sept. 1, 1381
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