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<br /> : 76- �05591
<br /> �fORTGACG
<br /> AfORTCACL LOAN N0� Zz r351
<br /> KNOW ALL A1C•N BY THESE PRGSCNTS:Thut ,�ames $. �011tfll t and Deborah L. Douthi t, each 711 {11 S dfld
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<br /> her own right and as spouse of each other,
<br /> Mortgagor,whethec one or morc,in cunsiderallon of the sum oF
<br /> Twenty-eight Thousand Fo�r Hundred and No/100--------------------------------------lloLLni�s
<br /> loaned to said mortgagor by The Gquitable Building and Luan Association of Grand Island,Nebraska,htortgagee,upon 284 shares of stock of
<br /> said ASSOCIATION,Cedificate Nn,L 22,351 ,do iiereby grnnt,wmey xnd mor�gage unta the said ASSOC[ATION the following
<br /> ,j described real esiate,situated in Ifali Counry,Nebraska:
<br /> LOT FIVE (5) IN BLOCK THIRTY EI6HT (38) IN CHARLES WASMER'S
<br /> ADDTTION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
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<br /> l0�'EI�IC!N'll�t ��� 1hC ttnements,hrrcditaments 8f1(��ppurtenance:therrunto belonging,including at[ached floor coverings,3��K'III(�OW SCICCIIS� - .
<br /> s�� window thades,blinds,storm windows,awnings,heating,air conditiuning,and plwnbing and w�ter equipmentand accessories diere[o,pumps,stoves, ' � � �� �
<br /> refrigerators,and other Gxmres and eyuipment now ur herea(ter attached ro or used in connectiun with said reaI estate. � �
<br /> { And whercas the said mortgagor hns agreed and does hereby xgrce th�t lhe:nurtgagor shall and will pay all taxes and assessments levied or
<br /> assesud upon said prcmises and upon Ihis mortgage�nd the 6ond secur t eJ,eby betbre qie same shnli become delinquent;to fumish approved
<br /> insu�ance upon the buildings un said premises situated in thc sum oC 5 ��.�u0•�� pay�ble to said ASSOCIATION and to delixer to said
<br /> ASSOCIATION the policies for said insurance;and not In cummit or permit any waste on or abuut said premises, . . � .
<br /> '���� � !n case of default in the performance oE any of'the terms and conditions o(this murtgage or the bond secured hereby,the moctgagee shail, � . . . �
<br /> �r-'.� on demand,be entitled to immediate possession o(the nwrigaged prcmiscs and the mortgagor hereby assigns, transfers and ues over ro thc . � � . . �.
<br /> murlgagee all ihe een�s,revenues and incume tu be derived Crom the mortgaged premises during such time as the mortgage indebtedness shall remain � : � . . . �
<br /> unpaid;and�hc mortgagec shall have lhe power to appoint any agent m agents it may desire for the purpou of repairing said premisos and rcnting , � �
<br /> the same and collecting the tentt,revenues and income,and it may pay out of said income �II espenses o(repairing said premises and neceuary . ..�. ... . . . . .� .
<br /> commissiuns and expanus incurrcd in renting and managing the same anJ oC collecting rentals there(rom;the balance remaining,if any,ro be . � � �
<br /> , applied tuward the discharge of s�id mor�gage indebtedneu;these rights of the murtgagee may bc exercised a[any time duting the existence uf such : . � �
<br /> default,irrespectire of any�empurary waiver of the s�mc.
<br /> F���.�� 7'hesc Presents,hu�eever,are upun the Condition,That iC the said Atortgagor shaU repay said loan on ur beiure tht maturiry of said sha�es by � ��
<br /> payment;pay monthly to said ASSOCIATION uf the sum speci�ied in du Bond secured hereby as incercst and principal on said loan,on or 6eforc
<br /> - = the Twentieth day of each and every mondt,until said loan is fully paid;pay all t�xes and assessments levied agains't said premises and on this Afortgage � � � � �.
<br /> . and ihe 6ond secured thereby,be(ore delinquency;(urnieh approved insurance upon the buildincs thereon in die sum of 5 2$�4��.�0 papable � �.
<br /> �s,� m viJ ASSOCIATIOV;repay to s�id ASSOCIATION upun demand all money 6y it paid for such taxes,assessments and insurance with intecest at � . � . .
<br /> � the maximum lzgal ra�e thereon from date uf payment all uf which lfortgagor hereby agrees tu pay:pennit nu waste un said premises;keep and comply � - .
<br /> � � �viih all the agreements and conditions of Qie Bund for 5 2q 4(�(� (�(�this Jay given by Ihe said Alurtgagor to saiJ ASSOGA7lON,and comply � � �
<br /> �vilh all�he reyuirements uf d�c Constitulion and(iy-Laws oT 3a�3ASSQCIATION;ihen tl�ese presants shall become null and void,otherwise they � .
<br /> shall remain in full(mce and may be(orecluud at the optiun uf lhe said ASSOCIATION after lailure (or three munths to make any of saiJ � -
<br /> p:�ymrnts ur be thrce munths in urrears in making s:�id mun�}dy payments,or tu keep�nJ comply wilh die agrcements and conditions of said[1ond;
<br /> � and Afortgagor agrees to have a receiver appointed(arthwith in such foreclosure pmceedings �
<br /> I(�here is any change in o�vnc�ship u(the real cstate mortgaged herein,by sale or othcnvise,Ihen the entirc remaining indebtedness hercby
<br /> secured shall,at the option o(Tl�e liquitable Duilding and Loan Association of Grand Itland,Nebraska,become immediatdy due and payable wilhout
<br /> . further iwlice,and lhe amoun� remaining due under s�id bond,and any uther bond fm any additional aJvxnees made Ihereunder,sheU,from tht
<br /> dalo uf exercisc uf vid optiun,bcar interest at the m�ximum legal r�tc,and this mor(gage may then bc toreclosed to satisty du amount due on said � .
<br /> " bund,a��d any otner bond for additional advances,together e•itlt all sums paid by said The[quitable Building xnd Loan Association uf Grand Island, �
<br /> " � Neb�as};a fur insurance,taxes and assessments,and abstrncting extcnsion charges,u•ith interest thereon, (rom date uf payment at the maximum
<br /> � legalrale.
<br /> . As pro�iJed in the Dond ucureJ hereby,while this mortgage remains in efl'ect the martgagee may hereaf[er advxnce additional sums lo the
<br /> makeis o(saiJ➢onJ,their a:signs ur succrssors in interest,which sums shall be witl�in the security oC this mortgage the same as the funds originally
<br /> �,� ucu�Gd ihereby,the totat emount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> ����ea u,�s 28tty'' a�y�r September �.o.,i��76
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<br /> e a:/ �(N.�/�i� �%1 !<,n-t�".�. '�-1 %��,L!!(.
<br /> �!ames�S. Dout i t De ora L. Dout i t
<br /> STATE OF h'EDRASKA,�� On this Z$th day o[ September 19�f) ,befurc me,
<br /> COUNTY OF HALL µ �
<br /> the undersigned,a Notary Public in and for said County,personally came
<br /> James�S_�•�uuthit and Deborah L. Douthit, each in his and her own ri�qht and as spouse of ' �
<br /> ' each ,oth�r,h�c�;F�`� w��are personallyknownto
<br /> � m.C�obq M��i�e{�llc;l��ie'r � S whose name s are a(fixed tu the above instrument ns mortgagor S and they severally �
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<br /> arcknp�vledged tho si�ipstru ent to be thei r wluntary act and deed. n "'
<br /> q : Nc .:i�TNFiStS,; hand and ivutarial Sral the date aCoresaid. \, � � �
<br /> � � u�EMy'Cqmmi[++ionexpuos���LqN„�> � i;.,q p `.� Ik �� . , . � �
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