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<br /> 78- 6�U����
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO.L '
<br /> rKNOW ALLMEN BY THESE PRESENTS:That Steven C. Whi tt and SUSdfI �. Whl tt, each 11l hl5 dlld r''
<br /> her own right and as spouse ofi each other,
<br /> ,� . � � � Mortgagor,whether one or more,in consideration of the sum of �^�'� � .� ��
<br /> ! Ten Thousand Six Hundred and No/100------------------------------------------- Dpttntts '
<br /> loaned to said mortgagor by The Equitable Building and I.oan Assoeiation of Grend Island,Nebraska,Mortgagee,upon �06 shares of atock of
<br /> said ASSOCIATION, Cert�cate No. L 22�989 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> described mal estate,situated in Hall County,Nebraska: .
<br /> LOT FIVE (5) IN BLOCK TEN (10) IN ROLLINS
<br /> ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br /> ; COUNTY, NEBRASKA.
<br /> �.,
<br /> together with atl the tenements,hereditaments and appurtenances therwnto belonging,including atiached floor coverings,all window xteens, =�
<br /> � window shades,blinds,storm windows,awnings,heating,air wnditioning,and plumbing and water equipment and accessories thereto,pumps,stoves, 4.�
<br /> refrigeratore,and other fixtures and equipment now or hereafter attached to or LLsed in connection with said real estate.
<br /> And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or ,
<br /> � � : asussed upon said premises and upon this mortgage and the bond secured thecebv before the same shall become delinquent;to furnish approved . � ' ,
<br /> insurance upon the buildings on said premixs situated in the sum of$���6��.�0 payable to said ASSOCIATION and to deGver to said �
<br /> ASSOCIA7'ION the policies for said insurance;and noi to commit or permit any waste on or about said premises; t��
<br /> �.j In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall,
<br /> . � on demand,be entitled to immediate possession of thc mortgaged premius and the mortgagor hereby assigns, transfers and sets over to the . ����
<br /> .i � � mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain �
<br /> � unpaid;and the mortgagee s}tall have the power to appoint any agent or agents it may desirc £or the purpose of repairing said premises and renting �
<br /> i� the same and collecting the rents,revmues and income,and it may pay out of said income all expenses of repairing said premius and necessary
<br /> � commissions and expenses incursed in renting and managing the same and of collecting rentals therehom; the balantt remaining,if any,to be
<br /> applied toward the diuharge of said mor[gage indebtedness;theu rights oC the mortgagee may be exercised at any time during the existence of such
<br /> default,irrespective of any temporary waiver of the same. . �
<br /> �� These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shares by ,
<br /> ��-; payment;pay monthiy to said ASSOC[ATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or beforc � �
<br /> the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and asussments levied against said premises and on this Mortgage .� .
<br /> and the Bond secured thercby,before delinquency;Furnish approved insurance upon the buildings thereon in the sum of$)��(j��.�� paYabk � �� ,
<br /> ` to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessmmts and insurance with interest at ��
<br /> .�,� the mauimum legal rate thereon from date of paymeni all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply ,
<br /> with all the 9greements and conditions of the Bond for S ��.6��.0� this day given by the said Mortgagor to said ASSOCIATION,and comply .
<br /> with aA the requirements of the Constitution and By-Laws of said ASSOCIATION;then these preunts shall become null and void,otherwiu they . .
<br /> shaU remain in full force and may be forcclosed at the option of the said ASSOCIA7'ION after failurc for three months ro make any of said .- . .
<br /> payments or be three monihs in arrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond; ' .
<br /> . and Mortgagor agrees to have a receiver appointed forthwith in such forcclosure proceedings. � . �
<br /> If there is any change in ownership of the real estate mortgaged herein,by sale or otherwix,thrn the rntue remaining indebtednest hereby � . . �
<br /> secured shall,at the option of The Equitabk Building and Loan Associatiun of Grand Island,Nebraska,bewme immediately due and payabk without � � �
<br /> . further notice,and [he amount remaining due under said bond, and any other bond for any additional advances made thenunder,shall,Gom the
<br /> ! date of exercise oC said option,bear intercst at the maximum legal rate,and this mortgage may then be forecloud to satisfy the amount due on said � � � � ��
<br /> bond,and any other bond for additional advances,together with all sums paid by said The Equitabte Building and Loan Associa4on of Crand Island, � � . � ��
<br /> �•� �Nebraska for.insurance,tazes and assessments,and abstracting extension charges, with interesi thereon, Gom date of payment at the maximum : �
<br /> -legal rate. . . .
<br /> ����� � As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may heroafter advance additional sums to the �.. - �
<br /> . makers of said Bond,their auigns or successors in interest,which sums shall be within the ucurity of this moRgage the same as the funds originally � � � �
<br /> securcd thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgaga � . � .. .
<br /> t �a 30th. aay or January A.D.,is 78
<br /> ;,��s�.�. � ��'� `
<br /> Steven C. Whitt Susan J. Whi
<br /> i STATEOFNEBRASKA.t 30th. Januar 78 _
<br /> j COUNT'Y OF HALI,j �� On this day of Y 19 ,before me, �
<br /> y � � e e d,a Notazy Public in and for uid County,personali came .
<br /> �� ,`� SteYen C. Whitt and Susan J. Whitt, each in his�'a�{'�� �n right and as spouse.of eac�i * y
<br /> � Othe�-� who are personally known to r
<br /> ''� �� ma to be the�identical pecton S�. . whox name 5 dre aftixed to the above in nt as mortgagor S and the.Y xverally . � �- +
<br /> � acknowledged the said inatrument to be tF12'1 T' voluntary act and deed.
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<br /> . . . �/" i, ��.t
<br /> W I T N E S S my h a n d an d No t az i a l Sea l t he d a te a fonsai d. , w ;;,y 4
<br /> � � � expires � ..Z ".
<br /> �NERAL NOTARY•Stat�of M G��
<br /> JAMES W.OLSON No tary P lic
<br /> � ���YComm.Exp.Nov.12.�1 , ��i, �7�
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