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<br />bfiKS~LTt;AGE;
<br />+ffixTCAGFL~fAN4o. L 23,639
<br />xNOw ALL iKErs Br T1fESE PREiENTS: Thar James R. Boggs and Kathryn A. Boggs , each i n his avid her
<br />o;Yn right, and as spouse of each other
<br />---Mortgagor whether one of mare, in cortsidezation of the strm of
<br />T it -Thousand Four Hundred and No 100--------- __________________________ ooLLA~
<br />loaned to said mortgagor by The Equitable Btrildirrg and Luau Aswciation of C,ra~td Island, lvehraska, Istortgagee, upon 304 sbares of stock of
<br />said ASSOCIATION, Certificate No. L 23,539 , do hereby grant, wpvey and nortgage unto the said ASSOCIATION ttie following
<br />described real estate, situated in Hall County, Nc'vraska:
<br />FRACTIONAL LOT FOUR (4) IN BLOCK TWO (2} OF ELM PLACE ADDITION TO THE CITY OF GRAND ISLAND
<br />A"iD ITS COMPLEMENTS, TO-WIT: FRACTIONAL LOT THREE (3} AND THE EASTERLY TWELVE (12} FEET
<br />OF FRACTIONAL LOT FOUR (4) IN BLOCK TEN (10) OF CHARLES WASHER'S ADDITION TO THE CITY OF
<br />GRx,ND ISLAND, AND THE EASTERLY TWENTY-ONE AND TWENTY-THREE HUNDREDTHS (21.23) FEET OF
<br />FRACTIONAL LOT FOUR (4) IN BLOCK TEN (10) OF PALHER'S SUBDIVISION OF LOT NUMBER SEVEN (7)
<br />OF THE COUNTY SUBDTVI'SION OF THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER OF SECTION
<br />NUMBER SIXTEEN (16) IN TOWNSHIP NUMBER ELEVEN (11) NORTH OF R,4NGE NUMBER NINE (9) Wt~"i
<br />OF THE 6TH P.M.
<br />SAID TRACTS CO'38INED, A1AKiNG ONt COHPLETE LOT WITH A FRONTAGE OF 52 FEET ON DIVISION STREET
<br />AND 132 FEET IN DEPTH.
<br />together with all the tenements, hercditaments and appurtenances thereunto belonging, including attached floor coverings, a6 window screens,
<br />wir.daw shades, blinds, storm windows, awnings, heating, air arnditonirtg,and piumhirtg and ~~-~ferequipmentand acre;sories fhere[a,ptttaps,stovrs,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connccLio~r with said reef estate.
<br />And wherees tht said mortgagor has agreed and does hereby agree that [he mortgagor shag and will pay a6 taxes and assessnten[s levied or
<br />assessed upon seed premises and upon tfiis mortgage and thz band secured thereby before the same shall becurtk delit;quent; io furnish approved
<br />insurance upon the buildings on Bard premises sie-uaied iri the sum at } 30 ~QDD, ~~ payable io said AS5I7CLATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and nut to atmmit ur permit any waste on or abauf said premises;
<br />In case of default in the performance of any of [he terms artd conditions of this mortgage ar the bond secured hereby, the mortgagee shag,
<br />on demand, be entitled to imrrrediate passessioa of the mortgaged premises and tt-x mortgagor hereby asssgtts, transfers and sets ever to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises dtring sorb time as the mortgage indebted[teas shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire f.rr the purpose of repairing said premises and renting
<br />the same and coBectisrg the rents, revenues and income, and it may pay out of said inr~rme aft expenses of repairing said premixs sad necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting renuls therefrom; the balance rearainiag, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may f+e exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if [he said hlortgagar shall repay said Loan on or before the maturity of said shares by
<br />payment; pay manihly to said ASSOCIATION of the sum specked in iF.e Bond secured hereby as interest and principal an said loan, on or bofotc
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises sad on this Morl~ge
<br />and the Band secured #hereby, before delinquency; furnish approved insurance open ihz budaings thereon in the sum of S 30, ~~~. OD [gY"h~
<br />to said ASSOCIATION; repay to said ASSi~IATION upon demand all crane} by i# paid for such #axes, assessments and insurance with interest at
<br />the rrta,ximtutr keel rate thereon from date of payment 1 of wfish Martga„out hereby agrees !u pay;perTdt;" waste an said premises;keea andeomply
<br />with adf the agreements and conditions of the Band for S 30 , /fQO. DD #his day gi~~en by t.'te said Alarigagar to said ASSL3CiATION, and comply
<br />whit aU the requirements of the Constitution and By-Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall reman in full farce and may be foreclosed at the opC.on of the said ASSOCIATION after failure for three months to snake any of said
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with the agreemxnts and conditions oC said Hond;
<br />and Mortgagor agrees to have a reuiver appointed forthwith in such foreclosure proceedings.
<br />[f there is any change in ownership of the rent estate mortgaged herein, by sale or otherwise, [hen the entire remaining indebtedness hereby
<br />secured shah, at the option of The F;quitable Building and Loan Association of Grand lslartd, Nebraska, become immediatety due and payable without
<br />lurthes notice, and the amount ienrainurg due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest a# the maximum legal rate, and this trxrrtgage may then be foreclosed [a satisfy the amount due on said
<br />bond, and any other bond for additional advances, together with all sums paid by said The Equitable Budding and Loan Association of Grand Island,
<br />Nebraska for insurance, [axes and assessments, and sbstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional Burns to the
<br />makers of said Bond, their assigns or successr.~rs in interest, which sums shall be within [he security of this mortgage the same as the ftmds originally
<br />secured thereby, the total amount of principal debt pat to exceed at any tirtte the original amount of this mortgage.
<br />_ oared this 23 say~jo-f-~ N~overo~bt=_r A. n., I9 79
<br />Ja~ ggs. ii ~ " I
<br />Kathryn A. o~ gg
<br />STATE OF Td1;B[tASKA, ~- ss. On [his 23 day of
<br />eotmTx or HALL November t9 79 , txfore me,
<br />the undersigned, a Notary Pub&c in and far said County, personally carne
<br />James R. Boggs and Kathryn A. Boggs each in his and her own right,w~a d as spouse~f each
<br />©ther are pC3O Y known to
<br />roe to be the ideniicrt person 5 whose name 5 d re affixed to the above ' ~ as~ortgagor S and they severally
<br />atdsrtowkdged the said instrument to be thel r voluntary aU and deed.
<br />WITNPSS my Iiarrd and Notarial Sea} the date aforesaid. - f ~
<br />n5y Carinnission expires / ~'e ~~f.~~ 1
<br />[araszas at Naiary Public
<br />~_~
<br />~% ~,GEt<T;;AL NCT}.GY-~t..~e of Ne?srask=n
<br />~",.'<<Y""" p"y £or+im. Exp. Noy. ;2 183
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