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<br /> ��- UU6433 M O R T G A G E
<br /> Thia lndepq�re,M.ae bY 8„d yee,,.�, Walter Howard.Stull and Nadene Jean Stull� each in his .and
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<br /> h��' .$)w�_.�'� t.�.as..s p.p..u..s..e of each othez'. . . _.. � w!�e one r ' eo
<br /> .nd '!i� a�� NATTdNAL BANK t�' d2ATID I�LAt�ID. Grand Ts�an�.�r��,a�,�`�er`�euia�ter�O`
<br /> r referred to as bank Eo.rt,y-i�o 1'hoeasand. 11�.? .Nu�r.�...at�d...�L].QS2....-- "
<br /> '1fis Noet�p�Or tor,wa i,.ow.�ide.�araon ot(s..42.2QU..Q4...)
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<br /> __._ __... . . ....____._DOId.Ai�.oddbyti�b�ak.
<br /> the noeip6 +o6eroof iu hereby actnowbd�ed, hso �tranted, bar¢ainod. oold and conveyed. and by the yewenb. de� �nnQ
<br /> �,�(��ail rwi oonvey,unfo seid hank,fhe followin�deecribed resl pruperty eituau+d in the County uf ���...
<br /> aed�of Nebrarlca, to-vv�t: _._..._...................
<br /> : Lots Four (4) and Six (6) in Block 'T�enty Three (23) in University
<br /> Place, an additi�► to The City of Grand Islar�d, Hall Cauity, Nebraska.
<br /> tqtether with all the tenements, hereditaments snd appurtenancen co the sume Uelongin�, and all the estate, title, claieeu and
<br /> demands whatruever of the mortqa�tor of, in ar to said premises or any part, thereot; and said moh�a¢or doe� hereby cov- ..
<br /> eo�nL,that the mortgrRor is lewfully seized of said premisea,that said premisee are free trom incumbrance and mort�aaor
<br /> will w�rrant and drfend the title to said prrmisrs nRainst the claimn and demanda of �ll persons whomwevee �
<br /> � PBOVIDED ALWAYS, and theee preeents are upon theae cunditinns: � � .
<br /> WHERE�S, the mort¢a¢or haa exrcuted �nd delivered I.o the Sanlc ...3_.CeTLalf!_..___.._._....___._..__p����ry pp� .
<br /> in the �oant of 542,200.00 dated /e -ad .1977 to mature on y_a y_ 7p
<br /> at an interest rate of 9.50$.
<br /> �� aed hu tereed to mriniria� tire, windeWrm anJ extrnded coverage insurance on said premiree in amoucits required aed ia . . �
<br /> Coa�panies approved by Lhe bank and with standard murtgage elauses which policies shull be delivrred Lo the bank, and ha�
<br /> yroed to psy rll taxes and rreesrmente levied ag�mat yaid premixea before the aeme become delinquent md to msiakaiw faid .
<br /> De'�MiWr• .
<br /> � Nov, thereforn, if the mortga�or ehall comply with xIl of thr. pruvieionc of eaid note and the provisions hereof, thae �
<br /> f,6�re pre�eeU s6a11 be e�all and void.
<br /> � However, if the above note and interest thereon or any paymente called for thereon are not ptid w�6an due or if aay
<br /> ' o[the coven�uuts of thie inztntmrnt �re nnt cumplied witF, Lhe bank, or Lhe holdrr hereof, at ite uption may deelate fho re- �
<br /> �� �eaanint 6�lauce�of said indebtednecs due und payablr and may �naintuin an uetiun at lyw ur in equity to tncover�ll ataouq4
<br /> d�M aed eqforce the provisione hereuf. Sn the evcnt of thr failure uf mort�agor co mrintain the premiret, or Lo �aietain
<br /> . ia�prance u i� above provided for, or W pay taxea or useessmeot�,the holder herrof mYy advance the wm or�u�es necawry ,
<br /> � to obfaia compiunce aad such smounts ahrll be added to the arnuunt due on the above mentioaed note and bear intes+ert at
<br /> t6s hi:hest leral �te.
<br /> IT IS FU6'IHER AGR,EED, thie mart�cuKe shall cunetitute notice hereof, that this mortesge is eecuritg for not onl�
<br /> �� tbs amount adranced coe�currenNy with the execution hrreof but uil future ud�•ancea which may be made at the uptioA of the
<br /> p�etip w tAeir a�siQne up fa the Wtal amount staxed in this morty�r�e, to the same extent Qe advance� oriQinrlly made here-
<br /> se�et�. Further notica is hereby Qiven that the tenor of each ASortgaqr Notr includinK the intere�t rate, payment, inaturity, ��
<br /> peMalti�t, aad otl�er terms shall cuncurrently upon execution beeumr a part of this mort¢age.
<br /> IT IS FVRTHER AGREED, thst the snid MoitKu�;or uhall r�ad will pay rll taaces levied upon thia mortaaQe or the d�bt
<br /> , �fNd theteb�,top�ether with any other taxes or aReemsmantu which may be levied under the I.ows of Nebraalca, a�ain�t tlfs
<br /> �,sid Ilorf�s� or the le�] huldrr of the said princi{wl no�r(e1 on a<•<•oun[of thie indebtedneas.
<br /> �. IT IS FURTHER AGREEA, if at Yny time, while the morty�age is in effect rnd the note for which this inort�p is
<br /> � �iw�n as�ecurity,or any part thereof, remains unpaid, the undersiKned Mort�agors sell, eonvey or con[rut Lo sell the re�t
<br /> a�0ate herein dafcrihed, or any port tF�ereof, ar thr Mortga�rs do not hxvc or cre�e to have title to aaid rerl e�4te or suy
<br /> paet thereol,then and ia any auch evente,the aloKraKee may,at its option, declare thr unpaid principa] balance, and interest,
<br /> � d f6�eote secured hereby immediately due and pryable. In the event thut theae premisra are not now,or sl�ould herwlter,�t
<br /> be eoeupiad by wnort�rYor t}�en thiu in�trumrnt shull cons[itute un ansigrvne��l of rentxla rnd service of a copy theroof upon t6e
<br /> � powpant aull 6e�ufficient to require all paymrnt for rerttal ur use of the premises efter d4tr uf such �ervice to a�ade to
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<br /> 8fiesed tYu..........;2��............dsy of___ .___Q C'.7�e d"✓' , 7
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<br /> In presence ot �Y� -. S � �.�1�„R:''�.�...
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<br /> ter
<br /> Nadene J'eazi�StuYl,-� _ � - ..-�2fZ�
<br /> .................. _... . .. __ .... __ _ .F�Y..r
<br /> srw�or_ N�SRASKA �,.�,.,r.,�,r Hall
<br /> �. B�lan ar,s noE p �ualified for xaid cuunty, pereonally cYme wi��r ►ia+ard Stul l 8 Nadene ��dR SLU��
<br /> � I�ws tn�es�te ba per�on or peraons who �iKned che foreRoi�� �nstrument and uknowledy-ed the ezecution tkero-
<br /> at ie M Id�, ry sct and deed.
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<br /> ' irF C�IRf� ................__............_........... ............ .._.... in the ReEister of Deeds Office of wid CountY the ` ' .
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