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<br /> MORTGAGE
<br /> MORTGAGELOANNO. L 23sO3�
<br /> � IINOWALLMENBYTHESL'PRFSENTS:That �erry L. Simonds and Juanita M. Simonds, each in his °
<br /> � and her own right and as spouse of each other
<br /> Mortgagor,whether one or more,in consideratlon of ttm sum of �
<br /> ` Farty Two Thousand and No/100-----------------------------------------------------nottnRs '
<br /> �
<br /> ���� loaned to sald mortgagor by The Equitable Building and Loan Assoeiation of Grand Island,Nebraska,Mortgagee,upon 4'2� shares of stock of � .
<br /> '��; said ASSUCIATION, Certificate No. L 23�Q$] ,do hereby grant, convey and moRgage unto the seid ASSOCIATION the following �
<br /> described real estate,situated in Hall County,Nebraska: �
<br /> 4 PART OF THE NORTHWEST QUARTER OF SECTION TWENTY TWO(22) TOWNSHIP ELEVEN (11) NORTH RAN6E
<br /> NINE (9j WEST OF THE 6TH P.M. MALL COUNTY, NEBRASKA MORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br /> CQMMENCING AT THE SOUTHWEST CORNER OF THE INTERSECTION OF PHOENIX STREET WITH SYCAMORE
<br /> � STREET IN 6RAND ISLAND, HALL COUNTY, NEBRASKA, THENCE RUNNING WESTERLY ALONG AND UPON THE
<br /> ` SOUTH BOUNDARY OF PHOEMIX STREET ONE HUNDRED TWENTY FIVE FEET (125') TO THE BOUNDARY OF
<br /> �, THE ALLEY WEST OF SAID INTERSECTION; THENCE RUNNING SOUTHERLY ALONG AND UPON THE EASTEHLY
<br /> BOUNOARY OF THE ALLEY AFORESAID ONE HUMDRED EIGHT FEET (108'), THENCE RUNNING EASTERLY
<br /> PARALLEL TO THE MORTHERLY LINE OF AFORESAID A DISTANCE OF ONE HUNDRED TWENTY FIVE FEET (125')
<br /> ? TO THE WESTERLY BOUNDARY OF SYCAMORE STREET; THENCE NORTH ALONG AND UPON TME WESTERLY
<br /> BOU'NDARY LINE OF SYCAMORE STREET 108 FEET TO THE POINT OF BEGINNING.
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<br /> � together with all the tenements,hcreditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> � � window shades,blinds,storm windows,awnings,heating,air conditioning,and piumbing and water equipmmt and accessories thereto,pumps,stoves, .
<br /> �i .. � refrigerators,and other Fixtures and equipment now or hereafter attached to or used in connection with said real estate. .
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<br /> . ; � And whereas the said mortgagor has agreed and does heroby agree that the mor[gagor shall and will pay all taxes and asvessments levied or
<br /> � assessed upon said premises and upon this mortgage and the bond sewred thereby before the same sliall become delinquent;to furnish approved �
<br /> �. insucance upon the buildings on said premises situated in the sum of$ 1}2�000.OQ p•eyable to said ASSOCIATION and to delivet to said . �
<br /> . ASSOCIATIQN Qu poGeies for said insurance;and not to commit or permit any waste on or about said premises; �
<br /> ��1 tn case of defauit in Ihe performance of any of the terms and conditions of this mortga�e or the bond secured hereby,the mortgagee shall, �i�
<br /> :�i � on demand,be entitled to immediate possession of the mortga�ed premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> ' � . . mortgagee all the rents,revrnues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall«main
<br /> � � unpaid;and the mortgagee shall have the power to appoint any aRent or agents it may desire for the pvrpose of repairing said premius and rmting
<br /> � the same and collecting the rents,revenues and income,and it may pay out oC said income all expenses oF repatring said premises and necessary ;;
<br /> �} commissions and expenses incurred in renting and managing the same and of collec[ing rentals therefrom; the balance cemaining,if any,to be �
<br /> ����,j applied toward the discharge of said mortgage indebtedness;thex rights of the mortgagee may be exercixd at any time during the existena of such i �. � i
<br /> default,irrespective oC any temporary waiver of the sama � � '?
<br /> -��f 'fheu Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or beforc the ma[urity of said shares by d� �
<br /> ��:i payment;pay monthly to said ASSOCIATION o(the sum specified in the Bond ucured hereby as interat 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 xcured thereby,before delinquency;fumish approved insurance upon the buildings ffiereon in the sum of S 55 s0�0.�0 payable � �
<br /> ± to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> .-.�,y the maximum legal rate thereon from date o£payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply
<br /> �I - witk all the agreements and conditions of the Bond for 5 52�50�.�� this day given by the said Mortgagor to said ASSOCIATION,and comply � � �
<br /> �.:i with all the requ'vements of the Constitution and By-Laws of said ASSOCIATION;then these presents shall become null and void,otherwiu they . �
<br /> �-� shall remain in Cull force and may be forecloud a[the option of the said ASSOCIAT[ON after failure for three months to make any oC said � .
<br /> ������ payments or be three months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions oF seid Bond; . .
<br /> _.:� and Mortgagor agrees to have a receiver appointed forthwith in sach foreclosure proceedings. • . .
<br /> If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby .
<br /> -�? secured shall,at the option of The Equitable Building and Loan Association of Grand 1sland,Nebraska,become immediately due and psyable without � � . �
<br /> furttmr notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the � �. -
<br /> � da[e of exerciu of said option,bexr interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said ' � �
<br /> ,�.3 bond,and any other bond for additional advan«s,together with all sums paid by said The Equitable Building and Loan Auociation of Grand lsland, �
<br /> .;# . Nebraska for insurance,taxes and assessments,end abstrecting extension charges,with interest thereon, from date of payment at the ma�cimum . . .
<br /> # legal rate.
<br /> As provided in the Bond secured hereby,whi)e this mortgage remains in effect the mortgagee may hereafter advance additional sums to the �
<br /> � makers of said Bond,their assigns or successors in interest,which sums shall be within the security of this mortgage the same as the Cunds originally � . �
<br /> � secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgaga . ..
<br /> '� nat�a�n�s 18 h. �rof March A.D..19 ]$
<br /> ' � .erry L. im s
<br /> , = Juanita M. Simonds
<br /> { STEsTE OF NEBRASKA,� S
<br /> j ss. On thls 18th. aay oe March i9 7$ ,before me,
<br /> ,j COUNT'Y OF FIALL �.." '''"'�y�
<br /> � the undersigned,a Notary Public in and for said County,persomllycame � , �
<br /> + Jerr` L Simonds and Juanita M. Simonds, each in his and her own ri ht and as s o of ,
<br /> ,� eachyother W�� are ver�O��iy�o�to • : a
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<br /> �,,� me;to be��the.identical ��5 L��GA mes. are a�ixed to the above instrumrnt as mortgagor g and they x��Y : �'�'�
<br /> ackaowkdged the jn'�irk�n�t81j�•. r voluntary act and deed. �`
<br /> p `� � � .$S�3�y �(��,(�jd� Seal the date aforeseid. __i��!GZ�I � �,Y
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<br /> ,x yCam�a�i�r� �� 7�gJ /��� ���iY'�
<br /> ;: � � . � � •:,p p O . Nutary Public �
<br /> 4 1 s-i-ar ru J'l'•''°C.7:.9$;g`�Q.
<br /> qjF OF NEg�P �
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