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<br /> NORTCAGE
<br /> n�oRrcnce[.onN;�o.� Z� 15 MGIC
<br /> ' �now'ALLAfC•NDYTNLSEPRESC•NTS:That Duane A. Westphalen and Jana K. Westphalen each in his and
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<br /> her own right and as spouse of each other
<br /> + Dtortgagor,wheq�er one or more,in rnnsideration of the sum of
<br /> : Twenty-nine Thousand Two Hundred and No/100--------------------------------------- �LLAas
<br /> . baned�o said mortgagor by The liquitable Duilding and Loan Association of Grand Island,Nebraska,Afortgagee,upon 292 sharct of stock of � . � � . �
<br /> said ASSOCIATION,Certificatc t�u.L Z2,415 MGI C ,Jo herehy grxnt,convey and mortgage unto the said ASSOCIATION the Collowing .� , � �
<br /> described real estate,siivated in}iall County,Nebraska: � � � . �.
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<br /> � , LOT TWENTY-THREE (23), BLOCK ONE (1)
<br /> SOTNMAN SUBDIVISION IN TNE CITY Of
<br /> GRAND ISLAND, NEBRASKA.
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<br /> ��. iogether with all the tenements,hereditaments ar,d appurtenances thereumo belonginc,includine attached�loor wverings,ull window scretns, -
<br /> window sh�des,blinds,storm windows,awningz,hratine,air conditionin@,3nd plumhing and water equipment and xccessories therero,pumps,stoves, �� � �
<br /> �� refrigerators,and od�er fixtures and equipment now nr hereafier attached tn or used in cunnection with said real estate. . . . �
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<br /> And whereas the said mortragor has agrecd and does hereby acree that the mung�gm shall and will pay all taxes and assessmen[s levied or
<br /> �,.� -. asszssed upun said premises and upon d�is murtgage and the bond secured iherebv before the same shall become delinquenr,to fumish appreved � � � . .
<br /> � insur�nce upon the buildings on ssid premiscs siwated in the sum oC 5 Z9�2��.�� payable to said ASSOCfAT10N and to deli��er to said - �
<br /> .�: ` ASSOCIATION the policies fm said insurance;and not tu commit ur permit an}���nste on or about said premiser, � �
<br /> �-. In case of de(ault in lhe performance oC am�uf ihe terms and conditions uf thi:murtg�ee ur the bond secured hereby,d�e mortgagee shall, � .
<br /> �: � on dem�nd,be entitled to immediate possession uf Uie mortgaged pcemises and the nforc�¢or hereby assigns, «ans(ers and sets over to the .
<br /> ' mucegagee all the rents,revznues and income to be Jerived(rom ihe mort¢aged prcmises during such time as the mortgage indebtedness�iiall mmain . � � .
<br /> � unpaid;and the mortg�gee:hall h�ve tt:e power tu appoint any�gent or agrnts it ma}•desire(or the purpose of repairing said premises and renting � � � .
<br /> � the same and cnllecting the rcnts,revrnues and income,and it m�y pay out of said income all expenses oi repairing said premius and necessary
<br /> � commissions and expenses incurred in rentinc and managing the iame and o(co(lecting rcntals thereGom;the balance remaining,if any,to be - � � ��
<br /> applicd to�vard the discha�ge o(said murteagt indebtedness;these riehts uf the murtgager may be e�ercised at any timz during the existence of such � �
<br /> default,ircespective oi any temporaq•u•airer oi the same.
<br /> �: - These Presen!s,howevcr,arc upon the Conditiun,-fhat if the s�id�lortgagor shall repa��said loan on or be(orz the mewritv uf said shares by
<br /> p:+ymenr,pay monthly to said ASSOCIA710\of the sum specifird in[he I3unJ secured hzreby as interest and principal on said loan,on ur before �
<br /> the 7wrNieth day of aach xnd everq month,until said Ioan is fully paid;pay all taces and assenments le��ied against sxid premisos�nd on this�1or[�.ge
<br /> '- and the B�md secured thereby,befure delinyuency:l'urnish approred insur�nce upen thr buildings thereun in the sum oi 3 2 J�ZQQ.00 payable � � �.
<br /> s 10 531d ASSOCIATIOV;fi�35'(O Seld ASSOCIATIOV upon demand afl monev by it p�id fm such taxes,�ssessments and insurance with inucest at . . �
<br /> the maximum legal rete thereon from date of pa}�ment all of which lforte�eor hereby�grees tu pay:permit no waste un said p�emises:keop and comply
<br /> u�ith all the agrezments and conditions of the Hund for S 29 200.QQ ihis day given by Ihe said ptortgagur to said ASSOClAT10V,and comply
<br /> with alI the reyui�ements o(the Cunstitution and ByLaws uPsaid ASSOCIATIO\:lhen these presants shall Uewme null xnd roid,utherwise they � �
<br /> ` sliall remain in(ull focce and may br forecloseJ at ihe optiun u!the said ASSOCIATIOV alter failure ior three munths to make any of said
<br /> payments or be�h�ee mumhs in arrears in m�king s:�id munthly pa}�ment:,or tu kcep and cumplyµ�ith�he agrcements and conditions oi said 6ond;
<br /> and 11urt@agor agrces[o ha�•e u receiver appoimed forthu�ith in such foreclusure procecdings.
<br /> � I(there is any change in ownership of thc re�l e:tate mortgaged harein,by s:�le ur uthenvise.�hen the entire remaining indebtedness hereby
<br /> � securcd sl�all,at tlie optiun of The F.quitable Building and Loan As:ociation uf Crand Isl:uid,Neb�nska,become immrdiately due and payable k�ithout
<br /> furiher nu�ice,and the amount remaining�due under said bund,and any o�her bond for any additional ad�ances made thereunder,thall,Gom the
<br /> Zdate of exvcise o(said option,beer interest at the maximum legal rate,and this mortgage may then be foreclosed to satisCy lhe amount due on said
<br /> � ' bond,and any uther bond for additional advances,together with all sums pxid by said'(he Equiteble Building and Loan Aisocintion of Grand Island,
<br /> \tbraska for in:u�anre,taxes and assrsvnents,and abstr�cting extension charges,with interest thereon,from date of pagmeni at the maximum
<br /> - � legal rate.
<br /> - As pmvided in the Elund secured hercby,while this mortgage remains in eifect the mortgagee may hemafter adv�nce additiona!sums to the
<br /> ` makers uf said Uond,their assigns or succeswrs in inlerese,which sums s}ull be within the szcuriry oi this mortgage N�e same as the funds originally
<br /> ' sccured theccby,the tota!amount of princip�l debt nul to rxcred at any time ihe original amount of this morty,age.
<br /> ����a m;5 8th a�y or November �.p:�i�76
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<br /> � uane . Wes haTen— .�%j��l. /�/, ,•�i���_/��`1�
<br /> tP � Jana K. WestpTia'1en
<br /> STATE OF NEHRASKA, Ss. On this $th �ay,�� November 19 76 ,be(ore me,
<br /> COUNTY OF HALL� �
<br />� � the underaignrd,a Notary�Public in and for said County,personally came � �.•--,����
<br /> Duane A. Westphalen and•Jana-K. Westphalen,each in his and her own .right and as s�Q�se o� iN '�-
<br /> each Ot{72P � ^� ' '"» dpe person y nown o
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<br /> � � me ro be Ihe identical perw� wl�`se�aem� Cdt'Q�`.iy affixed to the abo�•e insu�ment as mortgagvr S �nd they xreeally �d
<br /> t � � acknowled ed the said instrument to he'�v ttl�'7 h� � �''
<br />��,.�. g G � vdlunta�yfact and dced. f� "
<br />' µ7TNESS my hanc�'�q;�bt�rut$eal(he da�a�tu�said. / �
<br />`' 1fy Commission ex�irc:„(4i � � / G� f
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<br /> C4 5dCM HI y� \otarg Public
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