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$~}._ ~C4398 <br />MORTGAGE <br />MORTGAGE LOAN Na. 2 3, 758 <br />IavowALLMENSVat(ESEPttFSEN'rs:Tnat Melvin E. Sperling and Cynthia L. Sperling, each in his <br />and her own right, and as spouse of each other <br />Mortgagor, whether one or molt, in wrsddesation of the am of <br />Twenty-three Thousand and NoJ 100--------------------------------------------------- DOLLARS <br />loaned [o said mortgagor by The Fquilabk Building and Loan Association of Crand Island, Nebraska, Mortgagee, upon 23D abate of stxrdc of <br />said ASSOCIATION, Ctrtifinu No. L23+ 758 , do hereby gran(, convey artd mortgage unto ilea said A.S.SOCIATION the fo0owiog <br />daaibed real auu, situated in Hall County, Nebraska: <br />PAP.T OF THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER <br />(SE?;SE%) OF SECTION TWENTY-ONE (21), TOWNSHIP ELEVEN (11) <br />NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., IN HALL <br />COUNTY, NEBRASKA, COMMENCING AT A POIYT FOUR HUNDRED <br />FIINETY-FIVE (495) FEET WEST OF THE SOUTHEAST CORNER OF <br />SAID SECTION: THENCE RUNNING NORTH ONE HUNDRED SIXTY- <br />FIVE (165) FEET: THENCE WEST SIXTY-SIX (66) FEET: <br />THENCE SOUTH ONE HUNDRED SIXTY-FIVE (165) FEET: THENCE <br />EAST SIXTY-SIX (66) FEET TO THE PLACE OF BEGINNING. <br />together with all the tenements, hereditaments and appertenances thereunto belonging, including atuched noor coverings, all window screens, <br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water eyuipment and accessories thereto, pumps, stoves, <br />refrigerators, and other fixtures and equipment now or hereafter attached to nr rued in connection with said real estate. <br />And whereas the said mortgagor has agreed and dons hereby agree that the rrwrtgagor shall and will pay all taxes and assessments kvied or <br />asxsxd upon said prtrtdxs and upon this mortgage and [he hand xcured thereb ~ before the same shall become definquenr to famish approved <br />insurance upon the buildings on said premises situatey in the sum of b 23 , OOO. t~O payable ro said ASSOCIATION and ro deliver to said <br />ASSOCCATION the policies for said insurance; and not to commit or permit any waste on ur about said premises; <br />In case of default in the performance of any of the terms and conditions nl this mongagt or the bond secured hereby, [he mortgagee shall, <br />on demand, be entitled to immediate posxssion of the mortgaged premiss and the mortgagor hereby assigns, translers and xts over to the <br />ttwrtgagee all the rents, revenues and income to be dnrived from the mortgaged premiss during such time as the mortgage indebtedness shall remain <br />unpaid; and Iht mortgagee shall have the power to appoint any agent m agents it may desire (or the purpox of repairing said premises and renting <br />the saztu and collecting [he rents, revtnur and inwme, and it may ray out n( slid income all expenses of repairing said prrnises and necessary <br />commissions and ezpenxs incurred in renting and managing the same and of collecting rentals thezeGum: the balance remaining, if any, to bt <br />applied inward the discharge of said murt¢age indebtedness: these rights of the rnortgagte may be exercised at any time during the existence of such <br />default, irrespective of any temporary waiver of tae same. <br />Thex Presents, however, are upon the Condition, That d the said Mortgagor shat' repay said loan on or before [he maturity of said shares by <br />payment; pay monthly to said ASSOCIATION oC the sum specified io the Bund xcured hereby as mteresi and principal on said loan, on or before <br />the Twentieth day of each and every month, until said loar, is Cully paid; pay all taxes and asxsvrtents levied against said premiss and on tisis Mortgage <br />and the Bond xcured thereby, before debnyu<ncy: furnish approved insurance upon the buildings thereon k the sum of S 23 , OOO.OO payable <br />to xid ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at <br />the maximum legal rate thereon from date of payment alt o(which Mortgagor hereby agrees to pay; permit no waste on said premiss; keep and wmply <br />with all the agreements and conditions of the Bond Ibr S 23 OOO OO tlds day given by the said Mortgagor W said ASSOCIATION, and comply <br />with all the requirements u( the Constitution and By-Laws o(said ASSOCIATION; then thex pmxnts shall become null anJ void, otherwix they <br />shall rtrttain in full force and may Ix forecloxd at the option u( the said ASSllC1AT10N afar failure for three months to make any oC said <br />paynxn[s or be three months in arrears in rnxking said monthly payments, or to knep and comply with the agretttxnts and conditions oC said Bond; <br />and Mortgagor agrees to have a rnceivm appointed forthwith in such (oroclosure proceedings. <br />If there is any flange in ownership of the real estate mortgaged heroin, by sale or u[herwix, then the entire remaining indebtedness hereby <br />secured sha8, al the option o(The Lyuitabk Budding atsd Loan Aswciation of Grand Islend,Nebraska, betwme immediately due and payabk without <br />furthrr notice, and the anwunt retnahsing due under said band, and any other bond fm any additional advances made thereunder, sha8, from the <br />dale of exercix o(said option, bear interest at the maximum legal rate, and this mortgagn nay thin be 1'oreduxd to satisfy the amount due on said <br />bond, and any other bond for additional advances, together with all sums paid by said The F.yuitabie Building scot Loan Assa:iauon of Grand Island, <br />Nebraska Co[ insurance, taxes and asxssmenta, and abstracting extension charges, with inurtst thereon, rronr date of payment at the ttaxintum <br />legal rate. <br />Aa provided N the Bond xcured hereby, while this mortgage remains in effect the mortgagee rosy hereafter advance additional stuns to the <br />rankers of said Bond, their assigns or suaeswrs in inur~st, which sums shall be within the xcurity of this mortgage the stmt as the funds originally <br />enured lhemby, lbe total anwunt ut principal debt not to exceed at any brae the original amount of this rrwrlgagt. <br />r~ Dated rain 18th. day r,r August A. n., lv 80 <br />Cris' ~'.. .. I. <br />el vin E. Spe tin y <br />O'nthia L. Sperling' / T <br />STATE OF NEDRASIGI, ~ ss On this l $th . day of August I9 BO ,before con, <br />COUNTY OF HALL <br />the undersigned, a Notary Public in and for seW County, personpally samn <br />Melvin E. Sperling and Cynthia L. Sperling, each in his and her oww~ho igarA anpdersunauyk~ow~m <br />of each other <br />me to be the iden[int person 5 whoa name S are uffitted w the about instrunleni as morigngm S end they xverally <br />adtrtowkdged the said instrurunnt to be their voluntary act and deed. <br />WITNESS my hand and Notarial Seal the date aforesaid. ~ ~ _ <br />MY Cmm~tissiun expires ~ - } ~~, r~-' -- --. <br />fENERAt NPtaRY • Stare of Ne6rasYa ~ ~ ~ary,l~c <br />totaaN al / / . <br />A)Y M. EEAZLEY <br />Ay comm. Cxp. Sept.:. 1983 <br />