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<br /> AfORTGAGL•
<br /> 1f01:TGAGG L6AN N0. L ���-
<br /> KNOWALLAtENDYTHl3SC:PRCSI:NTS:That E1don E. Masten and Elva M. Masten, each in his and
<br /> ' � her own right and as spouse of each other
<br /> __________ Mortgagor_whetheroneormo%inconsideratlunofthesumoP
<br /> ` ; Five Thousand and NO/100----------------- �oL�nes
<br /> baned to said mortgagor by The Gquita6le�uilding anJ Luan AssociaUmi of Crand I:land,Kebraska,M1todgagee,upon 5� sl�ares of stuck of
<br /> said ASSOCIATION,Certificate No.L 22.344 ,du here6y grunt,comey and murtgage unw the said ASSOCfATION the folluwing
<br /> Jescribed real estate,situated in Hall Counry,Nebraska:
<br /> - �
<br /> ALL OF THE SOUTH FIfTY-SIX FEET (S. 56') OF TNE WESI UNt-HALF
<br /> (lJ�) OF BLOCK TEN (10) OF PLEASANT HOME SUBDIVISION, Of PART
<br /> � OF THE EAST ONE-HALF (E'�) OF THE SOUTHEAST QUARTER (SE;;) OF
<br /> ;�s � �
<br /> ��.:_3 � . � .. �
<br /> SECTION iWENTY-ONE (21) IN TOWNSHIP ELEVEN (11) NORTH, RANGE '
<br /> ; NINE (.9), WEST OF THE 6TH P.M., NOW CITY OF GRAND ISLAND, NALL
<br /> �7
<br /> COUNTY, NEBRASKA.
<br /> �
<br /> �
<br /> SUBJECT TO A PRIOR MORTGAGE TO THE P10RTGAGEE HEREIN IN TNE
<br /> PRINCIPAL AMOUNT OF $20,000.00 DATED AUGUST 31, 1976.
<br /> ���j .ioge�her���ith all the tenements,herediiaments and appurtenances thercunto belonging,including apached fluur coverings,a!!window scretns, �� . � . � � �
<br /> winSow shades,blinds,storm winduws,awnings,he�ling,air cunditioning,and plumbing and wster equipmenl and acttssories thereto,pumps,stuves, � � � � � � �
<br /> reGigerators,�nd uttier fixturcs anJ equipment now or hereafter atlached to or used in cunnrction wilh said real estate. � . � .. �.
<br /> s. And wheceas the saiJ nmrtgagor has agreed and does hcreby agrer that the mortgagor shall and will pay all taaes and asxssments levied ur
<br /> assessed upon said premists and upun this mongage�nd Ihe bond securcd thercby before d�e same shall become delinquent;to furnish appro�•ed -� � � � � �. � �
<br /> insurance upon the buildings on said prcmises tituated in�he sum of 5 5 OOO.�� p�yable tu said ASSOCIATION and to deliver to s�id � � � �
<br /> ASSOCIATION die policies(or saiJ insurance;and not to commit or permit any���asle nn ot a6out said pmmises; � � . . . �
<br /> In case uf dc(auh in U�e perfurmance of any of ihe tenns and conJitiuns o(this mu�tgage or tl�e bond ucurcd hereby,the murtgagee shall, �
<br /> un demand,be entided to immediate punession uf thc murtgaged prcmiszs nnd d�e murtgagun c�re6y assigns, transkrs and sets over to the � � �� �
<br /> mortgagee all the rents,revenues and inconw tu be derived fwm the moctgagtd p�emises during such time as the murtgage indebtedness shalt remain � � � �
<br /> unpaid;and the mortgagee shall have the pu�eer to appoint any agent or agents it may desire(ur the purpuse of repairing said premises and renting �� � � � �
<br /> .i:-,� the same and culizcting the rents,re��enues and income,anJ it m�y pay out of said incontt all exprnses o(repairing said premises and necessary � � ,
<br /> commi�siom and expenses incucred in renting and managing the same and o(collecting rentals thercfrom;the balance remaining,i(any,to bt
<br /> �:` applied toward tl�e dischargr uf taid mortgage inde6tednass;there rights ol die mortgagca m:+y be exercisad at any time during tLe existence oC such � �
<br /> de(ault,irrcspecti��e of:�ny tcmporary x�aiver of d�e same. � . . �
<br /> '•' These Prescnts,huwecer,am upon thc Condition,l'hat if thc auid�lortgagor shall rcpay said loan on ur be(orc Q�e tnaturity of said shares by
<br /> t,..i paymenr,pxy monthly to said ASSOCIATION of thc sum specified in thc Unnd secured I�creby�s inccrest and principal un s�id losn,un or before � ��
<br /> + thc TweNieth day uf each and e�cry nwnth,until said lu�n is Cully paid;pa}•all iaxcs and assessments levied aeainst said prcmisos and on dtis�longage
<br /> � and tlie IIond sewroJ lhereby,befure delinqutncy;lurnish approved insurance upon the buildings thereon in lhe sum oCS 5 OOO.�� P�>'a61e �
<br /> ��� to said ASSOCIATION;repay to suid ASSOCL\TION upon demand all nwney by it p�id for such laxes,assessments ond i�surance with interut�[ � �
<br /> the maximum legal rate Uureon from date o(p�ym�nt all uf wliich�lurtgagor here6y agrees to pay;permit nu waste on said premises;keep and comply � � � �.� �
<br /> _ with all Ihe agreements and conditions o(the Bund for$ 5 OOg 1��0 this day givr�i by the said Alorigagor iu said ASSOCIATION.and comply .. . . .. �
<br /> with all the requircments uf the Cansiitution and Bp�L:�ws uI sai � OCIp770N;then Uiese presents shall become null and vuid,othenvise�hey
<br /> ' shatl rcmain in full furce and may bz turccbud at lhe optiun u(thc said ASSO('IAT10N �fter (ailure (ur thrcc months to makc any uf said . �
<br /> '.7 payments o�bc ttuee munths in arrears in making said monthly paymenls,ur w keap and comply with llie agreement;nnd mndi[ioni oC said[3ou�, �
<br /> and ptongagor agrtes to haee a ieceiver appoinlrJ fouhx�i�h in such Coreclumre proceedings. -
<br /> ��� If thcre is any change in ownership of lhc real estate murig�ged herein,by sale or uthenvise,then the entirc cemaining indebtednrss hereby � � �
<br /> s;.�� secureJ shall,at the option u(Thc fyuitablc Duilding and Luan Association uf Grand 1sland,Ncbr�ska,becume immodiatrly duc snd paysble without �
<br /> �: ' further nn�ire,and the an;uunt remaining due under s�iJ bond,and any o�6er bond for any�dditional ad�vncrs m�de thertunder,shail,from the
<br /> data of exorcise of said op�iun,brar intcrest at the maxitnum Irgal rate,anJ�his murtg�ge m:+y then be(uceclused to satisfy the amount due on said
<br /> s ; bond,and any uther bund for addi�ional�drances,together K•ith all sums paid by said The Lquitnble Building snd Loan Assuciation of Grand Island,
<br /> 4 ' Ne6raska fm insurance,taxes and assessmeuts,and�bsiracting extension charges,with intercst thcraon,Gom dnte of payment at the maximum
<br /> legal ratc.
<br /> �� As provided in the Uond secured heceby,while this morigage remnins in effect die moagagee may liereafter ad��ance additional sums to the
<br /> ' makers of said DonJ,thcir assigns or successors in intercst,which�ums sf�all be within�he security of this mor�gnge the samo as the funds originally
<br /> secured Ihereby,Ihe tolal atnounl of principal debt nol to excerd al any time the uriginal amuunt uf�his murtgaga � �
<br /> o„ra u;5 20th a���r September ,�.u..» 76
<br /> �'�`%��.� t��,�,..; � �..�Y,r. . ��,�x.,--�.-
<br /> Eldon E. Masten Elva M. Masten
<br /> i ;
<br /> �; sTare or•Neaxnsi:nn,�
<br /> ss. Ontl�is 2�th Sayof September 19 J6 ,beforeme,
<br /> ; COiPJTY OF HhLL �(
<br /> �,� the undersigned,a Notnry Publle in a�td!or said County,persunally came �°�''
<br /> , Eldon E. Masten and Elva M. Masten each in his and her own right ar�c�oas spous � na i wnto N "`+
<br /> `� other,r.�� are ��� ���� �
<br /> 3 me,)pZtqthq,pkr��Cdj�perwg wi�ose name S dre affoeed to the aborc instrumenl es murt6�6a�S d�d the snerally J �
<br /> � 7 il y
<br /> + ackRowlalgkd'�}wsattl�irl ument to be thei r voluntary act and deed. �. �'
<br /> �' '�jT,NIiS�,fny I�and and Notnrial Scal the date aforesaid. 1 , �
<br /> , MY�W mp� ion expires 1,�� �1 1 h�o \ �y'' �
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