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<br />MORTGAGE O 1 ""' ~~ ~{ ~ ~ ~ ~/
<br />MORTGAGE LOAN NO. j, ~3-ron i
<br />(ralOW ALL MEN BY THESE PRESENTS: That Caroljean PaIU, a Single person,
<br />Mortytgor, whether one or ttaava, is maddaatian of the atte of
<br />7S~tir+y TFri>.sanrl anA Nn/lOfl------------ ppj,y,~$
<br />based to rand mortgagor by The Equitable tiuiWing and Loan Asstsciation of Grutd ts~td, Nebsaita, Mortgagee, ttpao 3d0 shams of tittsek of
<br />ssid ASSOCIATION, Certificate No. L 23, 901 , do hereby gent. txravey and tmto the sr4d AS40CfATION the foBwrtng
<br />dexrrbed real euate, situated b Hall County, Nebrrtaka:
<br />All of Lot Three t3} and the West One Half (W'~) of Lot Two (2) in "Palo Subdivision",
<br />being a part of the Northeast Quarter of the tdortheast Quarter (NEB} of Sectioli Thirty-
<br />Three (33), in Township Eleven (11) North, Range Nine (9) West of tt~e 6th P-M., and a
<br />tract of land 2yina South and adjacextt thereto, br ins a part of Lat Four (4) irr said
<br />Palo Subdivisi~t, which is more particularly described as follows, to-wit: Beginning
<br />at the Southwest Corner of said Lot Three t3): thence mining East along and up~t the
<br />South Btxutdary Line of said lot Three t3) and Lot Two (2} for a distance of 112.5 feet;
<br />thence turning and running West and parallel wits't the Sa~th Botutdary Line of said Lots
<br />Two f2) and Three (3), a distance of 112.5 feet; thence turning and Woofing North a
<br />distance of 40.0 feet to the Southwest Comex of said Lot Three (3), being the point of
<br />beginning; excepting, however, that part of Lots Thr*=e t3) and Two (2) of Palu Subdivisial
<br />as caiveyed to the State of Nebraska by Warranty Deed retrorded isi Book 137, at Page 1?1
<br />of the Deed ?records of Hail County, Nebraska.
<br />together with all the trnements, hercditaments and appurtenanta•s thereunto belonging, including attached floor coverings, >U window acmens,
<br />window shzdes, blinds, storm wirido.vs, awnings, heating, air condi[ioning, and piumtring and water egttiptrunt and accesaorid thereto,pwttps,stovea,
<br />refrigerators, and ether fixtures and equipmem now or hereafter attached to or uxd in connection with said real estate.
<br />Attd whereu the said mortgagor has agreed and does hereby agae that the mortgagor shall and will pay all taxes and assessments lsvied or
<br />assessed upon said prerttises and upon this mortgage and thz bond secured thereby before the same shat! become delinquent: to fumish approved
<br />vturranu upon the buildings un said premises situated b the sum of $ 30- OQO.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOC[ATIOtd the policies for said irtutranca: and no[ to commit or permiE any wute on or about said premises:
<br />la terse of default m the performance of any of the terms and conditions of this mortgage ar the bond secured hereby, the mortgages shah,
<br />on detriand, be entitled to immediate passessior- of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee alt the rents, revenues and income to be denved from the mortgaged premises during such time as the mortgage indebtedness shall rcrriain
<br />unpaid; and :he ax:rgagee shall Faye the power to appoint any agent or agents ii Wray dcsae for the purpose of repairtttg said pretitkes and reniittg
<br />the same and collecting the rents, revenues and income, and it may pay out of said income al! expenses of repairing said prcmims attd n_assary
<br />coma~assions and expenses incsred in renti»g and managing thz same and of collecting rentals therefrom; the balsnu remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness: [hose rights of the mortgagee may be exercised at any time during the existence of such
<br />default, irrcspec-tivc oC any temporary waiver of the same-
<br />These Presenu, however, are upon the Condition. That tf the said Mortgagor shalt repay said loan on or before the maturity of said shazas by
<br />payment; pay monthly ro said ASSOCIATION of thz sum specified in the Bond secumd hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, sail card loan is fully paid: pay alt taxes and assessments levied against said prcttuses andon this Mortgage
<br />and the Bond secured thereby, betore dcliaquency: furnish approved insurance open the buildings :hereon N the sum of $ 3O, OOd.OO payable
<br />to said ASSOCIATION: repay to said ASSOCIATION upon demand alt money 6y it pans Far such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which 4/ortgagur hereby agrees to pay; permit no waste on said premires;ktep and comply
<br />vriUt a6 ihs agrcemeats amt conditions of tFa Bond hx $3O 000.00 this day given by the said Mortgagor to said ASSOCIATION, sad comply
<br />with a6 the requirements of the Comtrtution and By-Laws o~ said 4SSOCIATION; then these presents shall become null and void, otherwise they
<br />aha8 rctnsin in full force and may be forecoscd at the option of the said ASSOCIATION after faitsa for tbsae months to make any of said
<br />payrttents ar be three months in arrears is making sod monthly payments, ur to keep and comply wish the ageemenu and conditions of said Bond;
<br />sad Mortgagor agrees to have a receiver appointed forthwith in stash foreclosure proceedings.
<br />If there is say riiartge in ownership of the real estate mortgaged herein, 6y sale or otherwise, thm ttte entire remaining indebudriess hereby
<br />sacred shall, at ttse option of Tlg Et{urtable Building and Loan Assaciatnin of Grand Island, Nebrasita, becovte immediately due sad payable witfrout
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shah, from the
<br />due of exercise of sad option, bear interest at the muirnum legal rata, sad this mortgage trey then be foreclosed to satisfy the amount due on said
<br />bond, sad any other bond far additi"nal advanm, together with all sums paid by said The Equitable Building ate Loan Association of Grand Island,
<br />Nebraska For insurance, taxes and •-~*~-w, and abstrutuz$ extertswn r:ttarges, with interest thereon, fcom date of payment at the maximum
<br />kpl nee.
<br />As b the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sutra to ttx
<br />cookers o said Bmsd, thsn atsigiss or successors in mtzrest, which sums shalt bz wiihul the seciuity of this mortgage the seats u the funds originally
<br />axurad ttsereby, the total arnomt of p[irrcrpai debt not to ezceed at any time 4he original amount of this mortgage.
<br />Gated thg 3rd day of February A. o.,1981
<br />%~ -
<br />Carolj Palo
<br />STATE Of NEBRASKA,
<br />C04Ti'fY OF HALL ss- On this 3rd der of February 19 g 1, tiafore tae,
<br />the undersigned, a Notary Pubtx in and for srid Cotmry, personally tttrms
<br />Caivl jean Palu, a single person, wttn y,S personally kaosrn m
<br />rot to Qs the ideatical parnn whore mime ,js affixed to the above toatrmapnt m mortgagor ~ and she xgeeAbt
<br />ackriwbdgai the said i[.Mrim7eret to be tier voluntary act sad deed. -
<br />tyiTNESS ary helot and Notarial Seat the daces aForesaid. - -.--. ~
<br />tMy C"rnstt~tr-rn exfrtrzs - : ~1 - - - `~
<br />wtaar ai E R`^`` $ .. :2a;a of t~pM#f '___ _..-..- .,,.-__~..._.Nn~ic
<br />l ,ea~c',v Oi.$GN
<br />say;:x" Ki _srna its Nev..2, I1~t
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