|
<br />MORTGAGE
<br />MORTGAGE LOAN NO.
<br />KTJOW ALL MEN BS'THESE PRESENTS:That Fred W. Rauch and Margaret L. Rauch, each in his and
<br />her own right, and as spouse of each other
<br />------- Mortgagor whether one or retort, in rnntddmarioa tithe mm of
<br />Sir.ty-four Thousand and No/100-------------- ____________________________
<br />Df}LLARS
<br />Ysaned m said mortgago: by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, open 6¢O s6arts ~ store ~
<br />said ASSOCIATION, Certifipie No. L 23> 7.~i6 , do hereby grant, toavty and mortgage unto the said ASSOCIATION the fotltrvriog
<br />described real estate, situated in Hall County, Nebraska:
<br />A TRACT OF LAND LOCATED IfJ THE SOUTHEAST QUARTER OF THE NORTHWEST QUARTER (SEx,NW;} OF SECTION
<br />TWENTY-ONE (21) TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., MORE
<br />PARTICULARLY DESCRIBED AS FOLLOWS: Beg~irning at a point on the South Side of Anna Street
<br />of, the City of Grand Island, Nebraska, 15 feet East of the West side of Jackson Street extended
<br />southerly, said point is also 1010 feet Southwesterly from a point where the Southerly sine
<br />of Anna Street intersects the East Line of the Southeast Quarter of the Northwest Quarter
<br />(SEgNt43a) of Section Twenty-one (21 ), in Township Eleven (ll) North, Range Nine (9), West of
<br />the 6th P.M., thence running in a Southeasterly direction parallel with the Westerly line of
<br />Jackson Street as extended a distance of 275' thence running right 90 Degrees in a South-
<br />westerly direction 273.9 feet to a point that is also 257.2 Feet from a point on the East
<br />Property Line of the County P.oad, thence running right 90 degrees along a line parallel with
<br />the West line of Jackson Street as extended, a distance of 127 feet, thence right 90 degrees
<br />along a line parallel with the South Line of Anna Street 93.1 feet, thence right 127 feet
<br />along a line parallel with the West Line of Jackson Street as extended to Closure, said Closure
<br />constituting a Tract of land 127 feet by 93.1 feet.
<br />together with all the tenetnents, hereditaments and appurtenances thereunto belonging, including a[tathed Hoot moorings, all window stxeens,
<br />window shades, bP.nds, sWr:n windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stove,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or uxd in mnneaiun with said real estate.
<br />And whereas the aid mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon aid premises and upon this mortgage and the bond xcured [hereby before [he same shah become delhiquent; to furrdsh approved
<br />insurance uptm the buildings on aid premises situated in the sum of .3 6¢ ,000.OO payable to aid ASSOCIATION and to deliver to said
<br />ASSO%IA170N the policies for said insurance; and not to.commi[ or permit any waste on or about aid premises;
<br />In cat of default in the performance of any of he terms and conditions of this mortgage or [he bond xmred hereby, the mortgagee shall,
<br />on demand, be entitled [o hnmediate posxssion nl the mortgaged premixs sod the mortgagor hereby assigns, transfrrs and sets over to the
<br />mrrit tgag t all the rents, revenues and income to be derived Crom the mortgaged premises during such time as [he mortgage indebtedness shall remain
<br />unpaid: and tfie mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing aid premises and renting
<br />the sine and collecting the rents, revenues seed income, and it may pay out of aid income a6 expenses of repairing stdd premixs and neoessazv
<br />commissions and ex~nsts incurred in renting and managing the same and of mlttcting ren[a(s therefrom: the balance rerttaittin:;, if any, to be
<br />applied toward the dixharge of said mortgage indebtedness; thex rights of the mortgagee may be exercised ai any time during the existence of such
<br />defsult. irrespeGtivc of any temporary waiver of the saint.
<br />Thex Prexnts, however, are upon the Condition, That it the said Mortgagor elta6 repay aid !es.^. en er before the tuatmirv of yud sFiarzs ey
<br />paptnenK pay mcrthly to said ASSOCtt:TiON aC the sum specified in [he Band secured hereby as interest ~.:nd principal on said loan, on or 6tforc
<br />the Twentieth day er each and every mouth, until said loan is fully paid; pay all [axes and asse97ntnu itvxd against said premises and on this Mortgage
<br />and the Mond xcured thereby, before delinquency; furnish approved insurance upon the buadings thereon in the sum of S 6¢ , OOO. OO payabk
<br />to aid ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, asxssments and insurance with mitres[ at
<br />the maximum legs! rate thereon Cram date of payment all of which Mortgagor hereby agrees to pay; permit no waste un said premixs; keep and wmpiy
<br />with all the agreements and mnditicns of the Bond for 5 6¢,000. OOthis day gisxn by the said Mortgagor to said ASSOCiAT10N, and comply
<br />with all the requirements aC the Constitution and By-Laws of said ASSOCIATION: thin these prexnts shall became mill and votd, otherwise they
<br />sball rcntain in fttll force and rosy be foreclosed at the option of the aiQ ASSOCIATION after failure for three months to make any of std
<br />payments er be three months m arrears in making std manthly payments, ur [o keen and comply with the agreements and wnditions of said Bond;
<br />and Mortgagor agrees m have a receiver appainted Forthwith in such foreclosure proceedings.
<br />IC there is any change in ownership of the real eetatc mortgaged herein, by sale or otherwix, then the entire remaining indebtedness hereby
<br />securod shall, at the option of The Equitable Building and Luan Asoociatien of Grand Island, Nebraska, become imtrtediately due and payabk without
<br />further notice, and [he amount remaining due under aid bond, and any other bond for :uty additional advams made tht:eunder, shah, Pram the
<br />date uC exercix of satd option, bear interest at the maximum legal rate, and this mortgage tray then bt forecloxd to atisfy the amount dot on said
<br />bond, and tnty other bsmd for additional advances, together with a6 sums paid by said Tht Equitable Building and Luan Assocation of Grand Ishind,
<br />Nebraska for insurance, taxes and asxssments, and abstracting extension charges, with interest thereon, from date of payment at the maxtmum
<br />Iegai rate
<br />Atc~ tovidtd in ihF d xcured hereby, while this mortgage remains in effect the mortgagee tray hereafter advance additional sums to the
<br />makers o ad Band, t' it a s or successors in interest, which sums shall be within the xcurity of this mortgage the sine as the funds originally
<br />xcured the by, tht al an unt of principal debt nut to exceed at any time the original amount of this mortgage.
<br />~Plaied t 's e B ~% day of JUIy A. D., 19 aO
<br />~- ~f~
<br />Fr d auc ~
<br />n
<br />Margaret L' Rauch
<br />SPATE OE NEBRASKA, i
<br />COUNTY OF HALL i( ss~ On this 28th. day of July !9 HO ,before me,
<br />the undersigned, a Notary Public in and for satd County, personally pine
<br />Fred W. Rauch and Margaret L. Rauch, each in his and her own right~hond as spouse pof each
<br />other °~ `" ~=~'- are perwnally known to
<br />me to•be the identipl p&~,fitr. SP ~ whost:name 5 are affixed to the about instrument as mortgagor S artd they severally
<br />acknowledged the satt~'iti5:t[~tiitnT to ba'' ili~l C suluniary act and decd.
<br />iW~['ijE~.4-ruy, ha4d and Nutangl,Seal the date aforesaid.
<br />' s
<br />M6' Corpptiaeon-oxpiros- ~/ , f/
<br />os
<br />[atts2M tit ~ ~ ~ Notary Public
<br />
|