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80- ~G~723
<br />MORTGAGE
<br />MORTCACE LOAN No. 23, 777
<br />IQ~fOW ALL MEN BY THESE PRESENTS:That Allen E. Bachman and Helen M. Bachman, each in his
<br />and her own right, and as spouse of each other
<br />---------- Mortpgor,whetheroneortmse,incoos;daatioeoFthes®of
<br />Thirty-ei h(~t Thcusand and No/100--------- ----------------- Dp~~
<br />loaned to said mortgagor by The Equitable Bwlding and Loan Association of Gored Island, Nebndta, Mortgagee, upon 3$O >~ of street of
<br />said ASSOCIATION, Certfficate No. L 23 , 7 ~ 1 , do hereby grant, convey and mortgage tm[o the sad ASSOCIATION the foBowiog
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT ONE (1) BLOCK TWU (2) CAPITAL HEIGHTS SUBDIVISION BEING A
<br />PART OF THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER (SEt<SW',)
<br />OF SECTION TWO (2) TOWNSHIP ELEVEN (17) NORTH RANGE TEN (70)
<br />NEST OF THE 6TH P.h1., HALL COUNTY, NEBRASKA.
<br />togNher with sU [he tenements, hereditaments and appurtenances thtteunto belonging, including attached floor mvervrgs,-all window setcena,
<br />wutdow shades, blinds, storm windows, awnings, heating, av conditioning, and plumbing and water equipment sred acceaories thereto pumps, rtoves,
<br />rcfrigenton, and other fixtures and equipment now or hereafter attached to or toed m renncction with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree [hat the mortgagor shall and will pay all taxes and as9eaamnts levied or
<br />asxssed upon said premises and upon this mortgage and the bond secured iherebv before the same shell become delinquent; to famish approved
<br />insurance upon the buildings on said premises situated in the sum of S 3$ , OOO. DO payable to said ASSOCIA7ION and [o deByer to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In rase of default in the performance of any of the terms and conditions of this mortgage or the hood secured hereby, tht mortgagee shag,
<br />on demand, be entitle(1 to immediate possession of the mortgaged premises and the mortgagor hereby assigns, [roosters and sets over to the
<br />marlgagte all the rcnis, revenues and income to be derived from the nwrtgagcd premises during wJt time as [he mortgage indebtednea shag rcvuin
<br />unpaid; and the nwrtgagee shall have the power to appoint any agent or agents it may Jesvc for the purpose of repaving said promises and renting
<br />the same and colleUirg the rents, revenues assd income, arsd it may pay out of said incor[te all expenses of repairing said premises and neamry
<br />commissions and +~xpr-rests inctured in tenting and managing the same and of coBccting rsnta6s tlrcrefrom: the 6aiano: rcon'^:..~, if any, [o be
<br />applied towed the dftclurgc of said r[wrtgage indebtedness;than r~ltks of the mortgagee may be exertased at any time during the caistentx of such
<br />de!'aLS, incspecteve of a_ny kmporary waver of the ranee.
<br />These Presents, however, are upon ehc Condition, That if the said Mortgagor shat{ repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION oC the sum specified in the Bond secured hereby as interest and principal on said loan, on or before
<br />Ilte Twent{eth Jay of each and every srwnth, until said loan is fully paid; pay all taxes and assessments levkd against said premires and on this Mortgage
<br />and the Bond secure) thereby, before delveyuency; furnish approved insurance upon the buJdings thereon in the sum of 5 $$ , OOO.OO payable
<br />to said ASSOCIATION: repay to said ASSOCIATION up,n Demand all money 6y it pail for such axes, assesanents and insurance with interest at
<br />the nuximum Igal me thereon From dale of payment all of which Mortgagor hereby agrees to pay; permit nu waste on said prcmius; keep and comply
<br />with all the agrcements anJ renditions of the Bond for S 3$ , OOO.OO This day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Conalitution and By-Laws of sail ASSOCIA770N; then these prcxnts shall become null and void, otherwise ihry
<br />shall remain in full force and may be foreclosed at the option of the sail ASSOCIATION after failure (or three months to make any of said
<br />payments or be three months in arrears in making aid risonth{y Payrnenu, or to kmp anJ comply with the agreements and renditions of said Bond;
<br />and Mortgagor agrees to have a rcaiver appointed forthwith in such toredosure proceedings.
<br />IC [hero is any change in ownrrsh!p of the real estate mortgaged harem, by sale or otherwise, [hen the entve ttsnainiag indebtedness hereby
<br />secured shall, at the opton of Tha Pyuitabk Budding and Loan Association u(Grand Island,Nebraska,become irrmsediately due and payable without
<br />further notiee, and Ilse amount remaining due under said bond, and any other bond for any additional advanm nude thercuodet, shall, from the
<br />date of exercise of sail option, beaz inrcreat at the maximum legal nie, sal this mortgage nay [lien be foreclosed to sandy the amormt dm sm aid
<br />bond, and any other boat for additwnal adnrioes, togatlter with all wma paid 6y aid The Equitable Buildvg srtd loan Association o(Gnod Island,
<br />Nebraska far iauraece, gxcs and aaseaanents, and abstracting exknsion chuges, with vtterest thtteon, t'rom dais of payment at the nuxvnum
<br />legal rate.
<br />Ai provirkd in tht BonJ setaued hereby, while rhis mortgage rertuins in effect the mortgagee may hereafter advance additional sums to the
<br />rmkers of said Bond, they assigns or suwa,tn in inteest, which sums shag be within the security of this mortgage the same es the funds originally
<br />secured thereby, the iolal amisunt of Ininrapal debt nut to exalt at any tune the original amount of [his mortgage.
<br />~ed 2~, 7Jay c=+.' S@pt(at!Jer A. ll., i9 $0
<br />P' ~i
<br />Al ~yl E Bachman
<br />/>.~~_ _>_ .,.~ ; Y, ': "S .mfr, -1,.- .i,
<br />Helen M. Bachman
<br />SfA7E OF NEBRA.SKA,~ss. (>n th{s 2nd day nr September Iv 80 ,before tea,
<br />COt1N7Y OF f1ALL
<br />the undersigned, a Notary Pubtie N anJ fo[ raid County, perxnully came
<br />Allen E. Bachman and Helen M. Bachman, each in his and her own rigw~o and as sp~u~yo~io~eaoh
<br />other ~ are a~
<br />ra to be the identical perwn S whose name S are atTuted to the above instrument as mort~agor S and they severally
<br />acknowledged the said instrument to bt their vulrmtary act anJ deed.
<br />WITNESS my hand and Notuial Seal [he dale dortaid. ,i' -..
<br />My CI ~ 6EaEAfii!e7Tifiy-Statz ~-~ ~ ~ y~/ ___.1 _-...~~.__ /_ ~~~ /~_+
<br />-.r r:>arzisa ~ _ ~ti` ~J G! i'" ~ 1 /, »a:~
<br />' xa JCt' fd,. eEnZ~c. ~ - ?" ~_` ~ o P
<br />toto-aat m hR~tr'~s hty conrn. i:xp. asvt. I, 1461 ! ~J
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