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<br />CORftEY;TI'VE MOR'ICrACF. - To correct legal description of ttartgage recorded as
<br />IAxtmtent No. 81-OOOS07 $ ~ _„_~~ ~~ ~ ~ 3
<br />MORTGAGE
<br />MORTGAGE LOAN NO.. L 23, 901
<br />KNOW ALL MEN BY THESE PRESENTS: That Carcljean Palu, a single person,
<br />Mart~-a;, whether one or nta;e, itt ~tt~ $r:.at~n ~~ t!x a•.~ cf
<br />ktttrted to arid mortgagor by The Equitable Building and Lwn Association of Grand Island, Nebraska, Mortgages, upon 300 aiurea ~ at~adc ~
<br />sviri ASSOCIATION, Certificate No. L 23,901 , do hereby grant, convey and tttortgsge unto the said ASSOCIATION the foRoa6tB
<br />tkscribed real estate, situated in Nall County, Nebraska:
<br />All of Lot Three (3) and the West one half (W'~) of Lot Ttao (2), in "Pala Subdivisitxt"
<br />being a part of the Northeast Quarter of the Northeast quarter (NF3;NE4) of Section
<br />Thirty-three (33), in Township Eleven (11) North, Range Nine {9) West of the 6th P.M.,
<br />and a tract of land lying South and adjacent thereto, being a part of Lot Four (4} in said
<br />"Pala Subdivision", which is more particularly described as follows: Beginning at the
<br />Southwest Corner of said Lot Three (3)i thence running Fast along and tlpnn the South
<br />boundary line of said Lot Three (3) and Lot Two (2) for a distance of 112.5 feet; thence
<br />turning at right angles and Hooting South a distance of 40.0 feet; thence turning and
<br />running west and parallel with tlae South boundary line of said Lots 7Yiree (3) and Four
<br />(4), a distance of 112.5 feet; thence turning and Hauling North a distance of 4G.0 feet
<br />to the Southwest Corner of said Lot Three (3), being the point of beginning; excepting
<br />therefran that part of Lots Three (3) and 'Itaa (2) of "Pala Subdivision", as conveyed
<br />to the State of Nebraska, by Warranty Deed recorded in Book 137, at Page 171 of the
<br />Deed Records of Hi~11 County, Nebraska.
<br />together with a6 the tenements, hereditaments and appurtenances thereunto belonging, including attached floor wverir[gs,.a6 window atYana,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and actxssories thercto,ptuttpa, uovea.
<br />refrigerators, and other fixtures and equipment haw or hereafter attached to ur used in connection with said real estate,
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and wi6 pay aG taxes and sareaRrtents levied or
<br />asrcssed upon. said premixs and upon this mortgage and the bond secured thereby before the same shall became delingttettt; to furnish approved
<br />insurance upon the buddinga on said premises situated in the sum of 3 30, 000.00 payable to .mid ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to ~rommit or permit any waste on or about said premises;
<br />In case of default m the perfarmar[ce of any of the terms and conditions of this mortgage or the bond cured hereby, the mortgagee shah,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgages all the rents, revenues and income to be derived from the mortgaged pamrses during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents i[ ntay desire fur the propose of rcpauing said premitea and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of card income all oxpenses of repairing said premises and neoetmry
<br />commissions and expenses incurred in renting and rttanaging the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rghts of the mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of ary temporary waiver of the same.
<br />These Presents, however, are upon she Condition, Thar if the said Mortgagor shaA repay said loan on or before the maturity of said shares by
<br />paynxnr pay monthly to said ASSOCIATION of the sum specified in the Bond secured hemby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinyuenry; furnish approved msura»tx upon the buildings thereon in the sum of 5 30, 000, 00 payable
<br />to said ASS~;IATION; repay to said ASS~IATIOty uprrn demand a6 money by it pard for such taxes, assessments and insurance with interest at
<br />the maximum legal raze thereon from dale of payment a6 of wtuch Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />with ail the agreements and conditions of the Bond for S 30, 000. QOthis day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirentsnis of the Constitution and By-Laws of said ASSO(:1AT1ON; ['ten [here presents shall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed at the option of the card ASSOCIAi'tON after failure for [hrce months to make any of said
<br />payments or be three months k arrears k making said monthly payments, ur ro keep and comply with the agreements and conditions of said Band;
<br />ami Mortgagrx ogees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />IC thtre is any change in ownership of the real estate mortgaged herein, by sale ur otherwise, then the entire remaining indebtednw hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, became imneediately due and payable without
<br />further notice, and the amount remaining due under said bond, and anp~ other bond for any additional advances made thereunder, stub, from the
<br />dau of exercise of said option, bear interesi at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the arrwtrrit due an said
<br />bond, and any other band for additional advances, together with ail sums pard by said The Equiiabk Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessimnts, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Band secured hereby, while this mortgage remains in effect the mortgagee rtuy hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors in interest, which sums shah be within the security of this mortgage the calm as the funds originally
<br />soured tl~reby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dated this 12th day ut FebHiary
<br />Carolj Falu
<br />A. D., 19 81
<br />STATE OF NEBP.ASKA, ss. On this 12th
<br />COUNTY OF BALL
<br />day of February t4 81 ,before rtx,
<br />the undersigted, a Votary Public k and far said Comfy, personally came
<br />Caroljean Palu, a single person, who is poraattaityknowoco
<br />rrsa to be the identical person whose Hama i5 affixed to the above tnstrmmnt as mortgagor and she t
<br />acknowledged the said instrument to be heZ voluntary art and deed.
<br />WITNESS my hand and N•,o., ypt~tal Seal tht da s eloresa;d. -~
<br />My Cummisaian expires Y/~+i,. ' ~~~ , if~~/.~ _ -
<br />metal ~ -__~_ ~_~.._ . ~_.
<br />uraasrai ~~~~"r'~'•N" Notary Public
<br />~ a... tr wtt l~ teg.~
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