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<br /> MORTGAGE
<br /> MORTCAGE LOAN NO. 22 a$O5
<br /> KNOWA�LMENBYT}IESEPRESENTS:That Ronald D. 4Jestpha'.en, d S7rgle person
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<br /> � Mortgagor,whether one or more,in consideration of the sum of
<br /> Twenty-Two Thousand Th�ee Hundred and NO�ZOO---------------------------------------DOLLARS
<br /> loaned[o said mortgagor by The Equitable Building and Loan Association of Crand Island,Nebraska,Mortgagee,upon 223 shares of stock of � .
<br /> said ASSOCIATION,Certifcate No. L 22a8�5 ,do hereby grant, comey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County,Nebraska: �
<br /> lOT TEN (10) IN BLOCK TWENTY-ONE
<br /> (21) IN PACKER & BARR'S SECOND
<br /> ADDITION TO THE CITY OF GRAND ISLAND,
<br /> HALL COUNTY, NEBRASKA.
<br /> together with all the tenements,hereditaments and appurtenances thereunto belunging,including attached floor coverings,all window screens,
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories tliereto,pumps,stoves, ��
<br /> cefrigerators,and uther flxtures and equipment now or hereafter a[txched[o or used in connection with said real estate.
<br /> And whereas the said mortgagor has agreed and does hereby agree that the mortgagor sliall and will pay all taxes and assessments levied or �
<br /> �assessed upon said premises and upon this mortgage and the bond secured Uiereby before the same shall become delinquent;to furnish approved �
<br /> � � insurence upon the build'vigs on said premises situated in tlie sum of SZZ�30�.�� paya6le to said ASSOCIATION and [o deliver to said
<br /> �, ASSOCIATION the policies for said insuranee;a�d not ro commit or permit any waste on or about said premises; - � � �
<br /> � In case of default in the per(ormance of any of the terms and conditions of this mortgage or the bond secured hereby.,the mortgagee shall, �
<br /> �� on demand,be entitled to immediate possession of the mortgaged premises and the murtgagor hereby assigns, [ransfers and sets over to the �
<br /> mortgxgee all the rents,revenues and income ro be derived from tlie mortgaged premises during such time as the morigage indebtedness shall remain � � �
<br /> � unpaid;and the mortgagee shall have the power to appoint any agent ur agents it may desire for the purpose of repairing said premises and renting
<br /> the same and collecting the ren[s,revenues and income,and it may pay out of said income all expenses of repairing said premises and necessary . ���
<br /> commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining,i£any,to be �.
<br /> applied toward the discharge of said mortgage indebtedness;these rights uf the mortgagee may be exercised at any time during the existence of such �
<br /> default,irrespective of any temporary waiver of 8ie same. �
<br /> These Presents,however,are upon the Condition,That iF the said Mortgagor shall xepay said loun on or before the maturity of said shares•by �
<br /> payment;pay rnonthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or before � � ��
<br /> Ihe Twentieth day of each and every month,until said loan is fully paid;pay all[axes and assess�nents levied against said premises and on[his rlortgage � � � .
<br /> and the Bond secured thereby,before delinquency;fumish approved insurance upon the buildings thereon in the sum of$ 22�3��.0� payable � �� � � �
<br /> � to sxid ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assess�nents and insurance with interest at � � �
<br /> the maxiinum legal ratz thereon from date of pay�nent all of wliich hlortgagur hereby agrees tu pay;permit no waste on said preinises;keep and comply �
<br /> with all the agreements and conditions of the Bond f'or b 22 $��.�� this day given by tlie said Mortgagor to said ASSOCIATION,and comply �� � � ��
<br /> � with all the requirements of thn Cons[itution and By-Laws of said ASSOCIATION;then these presents shall become null and void,otherwise they ��
<br /> � shall remain in full force and may be foreclosed at the option uf the said ASSOCIATION after failure for three months to make any of said . � � � .
<br /> � payments or be three montlis iis arrears in making said mont}�ty payments,or to keep and comply with the agreements and conditions of said Bond; � . � .
<br /> and Mortgagor agrees to have a receiver xppuinted forthwith in such(oreclosure proceedings. �_ �
<br /> � lf there is any change in ownership uf the real estale mortgaged herein,by sale or otherwise,then the entire remaining inde6tedness hereby � � .
<br /> -. secured shall,at the option of The Equitable Building and Luan Association of Grand island,Nebraska,becoine immediately due and pxyable without � . � � �
<br /> � further notice, and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the - � . ���
<br /> date o(exercise oC said option,bear interest at the maximum]egal rate,and this mortgage may dien be foreclosed to satisfy the amount due on said � � � �
<br /> bond,and any other bond for additional advances,together with all sums paid by said The Equitabie Building and Loan Association of Grand Island, �
<br /> Nebraska for insurance,taxes and assessments,and abstracting extension charges, with interest thereon, from date oC payment at [he maximum . � � � � .
<br /> legal rate. . .
<br /> As provide�in the 6ond sewred hereby,wlule 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 funds originally � � , ..
<br /> , secured thereby,the total amount of principal debt not to exceed at any[ime the originai amoun[of this mor[gage. . . . ..
<br /> Dacea uus �th day of September A.n.,iv 77
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<br /> STATE OF NEBRASKA,� ss. On this �tfl day of September 19 7� ,before me, '
<br /> � COUNTY OF HALL .
<br /> . ''^-7;
<br /> � � the undersigned,a Notary Yublic in and for said County,persoually cnme '�'��
<br /> �Ronald D. �Westphalen, a single person ^� � ��. � �
<br /> . who 1 S personally known to ��; +i-�
<br /> ..tt:>_�,.�
<br /> Lme to be the identical person whose name 1 S affixed to the above instrume as ortgagor xnd h2 3e�ta� �
<br /> acknowledged the said instrument to be h�S voluntary xct and deed. �``'� �"
<br /> WITNESS my hand and Notariai Seal the date aforesaid. ���� . � �/' ,/�
<br /> .. . . . - sio exp'ues � � ,/'� .. ;�'..-� f+�� ��-_...�' . ...
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<br /> �NERA6 NOtARY St�te tlf Nab. J Notary Public �
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<br /> ,t�'�y�-..` My Cumrt txV `tov.,<.-.:i�79 �
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