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<br /> �':�A ��i����
<br /> MORTGAGE
<br /> MORTGAGB LOAN NO.� 22839
<br /> ' h KNOWALLMENBYTHESEPRESENTS:That DOpd�d C. Wh2tSt017e� d S11Jg�2 p8Y'SOII
<br /> d
<br /> ; ,. __________ Mortgagor,_whethec one or more_in consideraUon of the sum of
<br /> � Forty Fiue Thousand'an� NO/iOO---------- pOLLARS
<br /> ! loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebtaska,Mortgagee,upon shares of stock of
<br /> said ASSOCIATION,Certificace No.L 22839 ,do hereby graat, convey and mortgage unro the said ASSOCIATION the following
<br /> described teal estate,situated in Hall C�unty,Nebraskai
<br /> f
<br /> ' ` LOT rwELVE (i2) i� aLocx rwo (2), , ,
<br /> BRENTWOOD SUBDIVISION IN THE CITY
<br /> OF GRAND ISLAND, HALL COUNTY,
<br /> NEBRASKA.
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<br /> ' �together with��all the.[enements,hereditaments and appurtenances thereunto belonging, including�aftached.Fl�or coverings,all window screens,���
<br /> i � window�shades,blinds�,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,� �
<br /> ? . re&i�erators,and other fixtures antl equipment now or hereafter atta�hed to or used in connection with said real estate. . �. � .
<br /> ,� And whereas the said'mortgagor has agreed and does hereby agree ihat the mortgagor shall and will pay all taxes and assessments levied��or�
<br /> 5 assessed'upon said premises and upon this mortgage xnd the bond secured ihereby before the same shall become delinquent;to furnish approved
<br /> � s �. ���insurance upon�the buildings.on sxid premises situated in the sum oC$Q�5����.U� payable to said ASSOCIATION and to�deEiver to s2id .
<br /> >��� ASSOCIATION the policies for said�insurance;and not to commi[or pe.rmit any waste on or about said premises; � � � � �� �
<br /> ? In case of defauli in the perCormance of any of the tarms and conditions of this mortgage or tlie bond secured hereby,the mortgagee shall,
<br /> on demar�d,be entided to immediate possession of the mortgaged pren'�ises and the mortgagor hereby�assigns,iransfers and uts��over to the ��
<br /> i mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indehtedness shaU remain
<br /> . �.� �.unpaid;and the mortgagee shall have the power to appoint any agent or.agents it may desire�(or tlie purpose uf repairing said premises and renting��
<br /> � � [he same and collecting the renis,revenues and income,anJ ic may pay out of said income ali expenses of repairing�said�premises and�necessary..
<br /> commissions and expenses incurred in renting and managing the same and of coqecting rentals therefrom; the balance remaining;if any,to be-
<br /> � appiied toward the discharge af said mortgage indebtedness;these rights o(the mortgagee may be exercised at any time dusing the exisience of sueh
<br /> default,itrespective oFany temporaq�waivet of the same.
<br /> ; � � �� � These Presents..however,are upon the Condition,That if the said Mortgagor shall repay said loan�on or before the ma[urity of said shares by�
<br /> paymeni;pay monthly to said ASSOC(ATION of the sum specified in the Bond secured here6y as interest and principal on said loan,on or befoce
<br /> the Twentieih day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against sxid premises and on this Mortgage
<br /> and the Bond secured thereby,before delinquency;fumish approved insurance upon the buildings thereon in the sum of$ 45,Q�Q.00 payable
<br /> ' to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessmenis and insurance with interest at
<br /> � the maximum legal rate thereon from date of payment atl uf which MoRgagor hereby agrees to pay;permiz no waste on said premises;keep and compiy
<br /> + with all the agraements and conditions of the Bond for$ 45,��0.0�tlus day given by the said Mortgagur to said ASSOCIA7"ION,and comply
<br /> with all the requirements of the Constitution and By-Laws of said ASSOCIATIpN:then these presen.ts shall become null and vaid,otherwise they
<br /> shall remain in full fotce and may be Foreclosed at the option of tt�e said ASSOCIATIOIV after failure for three months to make any of said
<br /> 'payments ox be three months in arrears in rnaking said monthly payments,or to keep and corapty wiih the agreements and conditions of said Bond;
<br /> � �andMortgagor agrees to have a receiver aQpointed forthwith�in such(oreclosure proceedings. . � � � . � �
<br /> " If there is anychsnge in owne�ship of the real estate mortgaged herein, by sale or otherwise,then the entire remaining indebtedness hereby
<br /> a secured shall,at the opHon of The Equitable Building and Loan Association of Grand Island,Nebraska,become Lnmediately due and payable without
<br /> further notice,and the amount remaining due under said bond,and any other bond for any ad3itional advances made thereunder,shall,from the
<br /> daie of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foreclosed to satlsfy the amount due on sasd
<br /> bond,and any other bond for additional advances,togetherwiti�alt sums paid by said The Equitable Building and Loan Association of Grand Island,
<br /> 'NeBraska foP insurance,taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment at the maxirnum
<br /> legal ratr.
<br /> As provided in the Bond secured hereby,while this mortgage remains in cffeci the mortgagee may hereafter advance additional samsto the
<br /> makers af said Bond,their assigns or successors in interest,which sums shail be wiihin the security of this mortgage the same xs the funds originally
<br /> secured thereby,tha xotal amount of principal debt not to exceed at any tiroe the original amount of this mortgage.
<br /> �nat�a cn;: � a oe Octo6er .4.n.,i9 77
<br /> -D�i�� 't�'z���__ _
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<br /> STATB OF NEBRASKA, .,,� A� '�5,
<br /> CO1tNTY OF HAi,L� �� On this 7't4t. day of �C�Ob2P 19�7 ,before me,
<br /> the undersigned,a Notary Pub2ic in and for said County,personally came �' ��W
<br /> �
<br /> Donald C. Whetstone, a single person ��
<br /> �. , who rsonail known to ' � . ,
<br /> �S � Y Wtr ^:
<br /> a
<br /> me to be the identicel person whqse name 15 x€fixed tu the above ins ent as mortgagor and f12 severally �
<br /> 3eknowledpe-cd ihe said instrumeni io bc }i 7 5 valuntary ac;i and Se�xl. � ,,:,r
<br /> ""'S�"7 f�cny lm+�d-.��d Nutaridl Sea]tl�3nte aiuresaid.
<br /> .'�� Or�'FRA? �a�k� r t t .. . . . . . � . .. � .
<br /> + +,� 3�y Co}3rai,tasion exp{res ��^J'}
<br /> �� ���'tiJ F.RI_Esy. S � � � ` � ��%,�
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<br /> �.._...__......,. .c_ � � . .. . . . Notary PnFlic '
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