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<br /> MORrcnr�
<br /> — --- MOttTGAC;F.LOAN NO. _L.. ZZ,233T_T
<br /> t KNown[.�nft:Nuvr�l�seeiteseNTs:�rn�� Keith A, Phelps and Konnie K, I'helps, each in his and
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<br /> � h�r own right and dS spouse of each other, ��,�ilgagur�wl�eq�cruneonnure,In�tmsideraUonafU�esumuf
<br /> � Thirty Thousand end NoJ100-------�-------------------_-- - ------- --noi.t.nizs
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<br /> ` � IuaneJ 1u aeid�tlurtgagor by T6e l3quitBble IluVldinp end I.uau Association uf C�and Islend,NeDreske,Atortgagee,upm� 300 shares of erock��t
<br /> " � safd A5SfJC1ATI0N,Certlticete Nu,L ZZ�23� ,du hercbV @�ent,�romty end mu�tpage w�tu the eald AS50(.'IA'CIC)N tlie I'uliuieing
<br /> ' �- described real estste,siwaled In Nall C�Unly,Nebroske:
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<br /> .� 7HE NURTH N�LI' OF THE SOUTH HALF Or THE NORTH
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<br /> `'' HALF Of= THE SOUTHEAST QUARTER OF THE NOR7NEAST
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<br /> y QUAItTER (N'ZS ZN ZSE'aNE;) OF SECTION FOUR (�1), IN
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<br /> � TOWNSIIIP ELGVC-N (11), NORTH OP RANGE NINE (9),
<br /> :�. WEST OF THE 5IX7N PRINCIPAL MEItIQIAN, Ii�ILL
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<br /> �� COUNTV, NE61tA5KA.
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<br /> '! tugether with all thc tenements,hemdltemente enJ eppurtenences thereuniu belunging,including ettached Iluor eu�rNnge,eli w(ndo�v sc�eens,
<br /> ' 1 wlnduw s6aJee,6linda,slom�whidowe.awninga,hcaling,air canJilivninE,and plumbing and weler eyuipment enJ ac�enuriee iheretu,pmnpa,stuves,
<br /> ' ; �rfrfgeratun,end uther fixtuies and eyulpment nuw o�heienftrr ausched tu u�umd in cunnectfuu���Ith szid�eul estete.
<br /> 7 AnJ wiiereaa the sald�aurtgegor lias egiccd miJ duce hcreby agrce Iliat the mmigagur sitall end�vill pay eli laxes and essesemente IevieJ ur
<br /> assessed upon sald premisea aud upun this tnu�iKagc end the bonJ srcweJ therebv beCum Ilie same shell becume delinyuent;w(unHsh epp�uved
<br /> � ineurancc upun Ihc buildings on naiJ plcm(ses situeteJ in lhc sum of� 30��0�.�0 pu1'able to sald A550('IATION fl111I IU IICIIlEt l0 S�I�I
<br /> ;� ASSO('IATION the pol�cles fur sald insutance;end imt lu commil or permil any�vaste uu ur abuut said premieee;
<br /> i In case uf Jefuult iu the peifutmance uf any uf Hir tenne aud wudiUons of thie murtgage ur the bund secured I�ere6y,Ihe mudgagee shell,
<br /> 3 mi demand,bc entitled tu hnmedietc pusscaelon uf Ihe morlgaged prcmiscs end the murtgagor he�eby eeelgne, lransfers and sels utier ro tlie -
<br /> ' � mortgegec ell tiic rents,revenuca auJ h�cmuo tu 6e Jed��ed from Il�e nwrtgagcJ prewises Juring such time ee tlie murtgage inJebtednese sltell remsLi
<br /> wipald:end the mvrtgugce shall Imre Ihe puwer lu appuin�nny uge�u or egents li may denire fur the pwpoee of repairing seid premises anJ tewing
<br /> die same end wlleNiug die reNs,�nvenuce end L�cume,unJ It may pay uul uf Ynid hicume all expensee uf repai�ing:aiJ premise�end neceNarv
<br /> �•oromfasionp end ex}iensea Ineurred in ienfink anJ mnnaging Ihe eame und uf cullecling �eulals there[rum; the belance remaining,if en\'.to be . .
<br /> applied lu�vurd�lie ilischarpe uf safd mo�igage indebteJnete;Uiese�iRhls uf the murlRagee m2y be exercised nl any timc Juriug ihe existence o(such
<br /> Jelaull,i��eepeclive nf nny lcmporap•walvcr uf�he seme.
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<br /> "f'hrse PreseNs,hu�eevcr,n�e upun Ihe Cundiliun,'I'hal if Ihe safd�lorlgngur�hall iepay eaiJ lonn un ur befure Ihe malurll��uC said sha�ee by . . � � � . �
<br /> paymcnl;pay muntldy�u soid ASSDCIATfON uf thc eum epecified in Ihe Iloud<ecwed herchy as intc�eet m�J prinripal un snid luan,un er Irelb�e
<br /> '.,r Ihc Twenllclh day uf rach enJ evcry mouth,wuil sald luan is full}'paid;pay ali���xes enJ assessmcnts Ievied agulus�<oid piendaee and un qiic Mungage
<br /> ' i aud the Bond secureJ thcreby,belb�e deHnyuency;fumisii approred insureum upon die buiWiu�e the�con in thc sum ul b 30����.�� paynble
<br /> lu xaiil ASSOCIA'fION:iepay tu said ASSOCIA7'ION upun demm�J all ivone�'by il�,eid fui sucli laxe..a3srssmente mul inswance�vith inleiesl at
<br /> tlic maxinwm lekal�xle Ihcieun from dale ul pnymenl ell uf�rliicl�Mu��gxKur liereby:+krces tu pay;pennil u��wasic on sald u�emiac5:keep enu cumply . � � . .
<br /> ailh xll Ihe ag�eemenls xnd candiliuns u(the Bmid for� 3Q�Q�Q QQ lhis dny�iren by Ihe soiJ Nml�ngur tu eafd ASSOC'IA'IIUN,and coiupl�• - ��
<br /> w•Ifh all tl�c requiietnenla uf Ihc CunntllUtion end By•Lawe uf sai ASSUI'IAl10N;Ihcii�hr,e piesents shall becume null snd euid:uthetwisc Ihcy � � .
<br /> shall temain in full fmce anJ nmy be lareclosed al lhe u{dian uf Ihe said A550CIA'1'ION �dlei lailwc loi Iliree nwnths W meke xiry ol s:ild
<br /> paymente o�be Ihrec muritlis in ancuie in making seid mutilhly puymcnls,oi w Lecp xnd culnplY�vi�h Ihe a�reetnenls end�:undi�ions ol said Bi�ntl;
<br /> nnd Alu�lga�or agreee lu huve n�ecelve�appoinleJ IoilliwlU�in+uch fuiec�ustue proceedinFs.
<br /> If tlieic is any dumgr in oH•nership uf thc real cetale murlgaged hcicin,by sale ui olhenvice,then Ihe cntire rerneiniug Indebl^Jnecv I�cic6�•
<br /> SCCII�CtI SIIllIIy a�lhe cption uf'11ie L'yuilable UuiWiuF a��d Luau Assuciallon uf Gand Islend,Nebiuske,becume inmiedhleh•Jue and paynlrle wilhout �
<br /> ', � (uNha no�icr,eud lhe xtnuwtl iemalnink due unJer salJ bund.and auy uther bond lur:my oddillunel ndveuces maJe th�ieunder,shell,fium Ihe
<br /> dale nf exercise of seiJ up�ion,beer(iueiest et the i�mximum Iegel rale,enJ thia murtEage wuy then l+e Ivreclused tu satisfy�he mnuwd�ve un said
<br /> hund,end ony olhe�bunJ fot addiUoual eJvancea.tugelher witi�ell swns paid tr�•saiJ ll�e Ia�nllaUle Iluilding un�Luan AseuciaUun uf UianJ l?Im�d, �
<br /> , Nebmske fur huWance,lexes enJ aesea�me�de.auJ absUecling exteusiun chaiKea, ��'lih imeiesl thereun. Irum Jate ul paynre�d et the ma.�iumm
<br /> iegal�nle.
<br /> Ax pioWdeJ in tlie llund secured hctcby,whilc Ihie nmrlgege iemains in cllrel Ihr mu�lgagce may herexlter advancc pddltimiel suuu lu the
<br /> makeis u(saW Uond,U�eir ussigne ur succeswis in ilrtriesl,which sunu sl�all be��idiin Ilir secu�ity uf Ihis mv�l�ake ihr same us We fwids uriKinelly
<br /> secured!I«teby.lhe Wtal enlowd ul'principal Jebi nul Io exceed at auy limr Ihr�niKinal amvunl vl lhis murtRage.
<br /> bn�ed�hle ��fl dayuf JU�y A.It.I� 76
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<br /> �Ke����hTps Y.un i� ie �1'I 1 ��
<br /> 3'I'A7'L+�I�NBOItASKA. as. bn tl�i� 7th �I�Y�`� July 19 7�.I�eluie nrv.,
<br /> ,; COUN I'Y Oli I IAI.L�
<br /> 11 r imde�si ie I,s Nolniy I'ub Ic in and fo saiJ Countv,penu��ylly can e ";{ i,
<br /> �, Keith A. (�helps and Y.onnie K. Phelps, each in his anc� �ier own r�ght a�nd as spouse of eacEi � �,-'
<br /> "j Oti�l@I`f __ wh�r drB pe�eunelly knuwn tu tlE
<br /> Itre lu Ue74c l�til���t�r�euns whose nnmeS are pI��YCII IU IIIC 8I)VYB IIIfUUlI1Pl1�N!tllUfl�O�Vi S nnJ t�lQy sere�nlly �,
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<br /> a�iii�kQ�tl'�11e�,�1 Gatl�}n�ent Iu be thei r vulunlery acl end Jeed. ;� } .
<br /> � � {V(!111{J53 M�v hand eud NutaNul Scal Uie date ofuressid. j�
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