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<br /> 7s-- UOf��68
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. �P3001
<br /> � KNOW ALLMEN BY THESE PRESENTS:That George L. Webb and Donnal ee E. Webb, each i n hi s and her
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<br /> own right and as spouse of each other
<br /> ' ;� __________ Mortgagor_whetheroneormore,inconsidentionoCthesumof . �. . �
<br /> ! Thirty Four Thousand and No/100--------- DpLtnxs
<br /> Ioaned to said mor[gagor by The Equitable Building and Loan Association of Grand lsland,Nebraska,Mortgagee,upon 3 shares oF stock of � � .
<br /> said ASSOCIATION,Certificate No. L 23001 ,do hercby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> described real ertate,situated in Hall County,Nebraska: � .�. . .
<br /> LOT ONE (I) IN BLOCK TNREE (3), IM LE HEIGHTS SECONQ SUBQIVISION,
<br /> HALL COUNTY, NEBRASKA, BEING A PART OF THE NORTHWEST QUARTER OF THE NORTHWEST
<br /> QUARTER (NW;NW4) OF SECTION ELEVEN (11) TOWNSHIP ELEVEN (il) NORTH, RANGE TEN
<br /> (10) WEST OF THE 6TH P.M., IN HALL COUNTY, NEBRASKA. _
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<br /> together with all the tenements,hereditaments and appurtenances thereunto beionging,including attached tloor eoverings,all window screrns,
<br /> � window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> � refrigerators,and other flxturcs and equipment now or hercafter attached to or used in connection with said real estate. � � . ,F
<br /> , And whereas the said mortgagor hu agreed and does hereby agrce that the mortgagor shnll and will pay all taxes and assessments levied or
<br /> �� assesud upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent;to furnish approved �
<br /> . insurance upon the buildings on said premises situated in the sum of S 34�0�0.�0 payab)e to said ASSOCIATION and to deHver to said �
<br /> ASSOCIATION Ihe policies for said insurance;and not to commit or permit any waste on or about said premius; �
<br /> s 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 entided to immediate posseuion of[he mortgaged premius and the mortgagor hereby assigns, transFers and sets over to the �
<br /> ��.�.�j 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 shall have the power to appoint any agent or agents it may desire for[he purpose of repairing said premises and renting �
<br /> .i the same and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premius and necessary .
<br /> commissions and expenxs incurrcd in renting and managing the same and of collecting rentals themfrom; the balance remaining,if any,to be � � �
<br /> � �� applied toward the discharge of said mortgage indebtedness;theu rights of the mortgagee may be exercised at any time during the existence of such . �
<br /> �i default,irrospective 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 ar before the maturity of said shares by ' .
<br /> ��1 payment;pay monthly to said ASSOCIATION of the sum speciCed in the Bond ucured hereby as interest and principal on said loan,on or before � ��
<br /> the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessmmts levied against said premius and on this Mort�ge �.. �
<br /> ��i and the Bond secured thereby,before delinquency:furnish approved insurance upon the buildings thereon in the sum of 5 $Q�QQQ.QQ payable � �
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> 1, the maximum legal rate thereon from date of payment all of which Mortgagor hercby agrees to pay;permit no waste on said premises;keep and comply � �� . . � � �
<br /> . with all the agreemenu and conditions oF the Bond for S 3Q�QQQ.QQ this day given by the said Mortgagor to said ASSOC1AT10N,and comply � �� . � �
<br /> . � with all the requirements of the Constitution and By-Laws of said ASSOCIATION;then theu preunts shsll become null and void,otherwise they .� .
<br /> shall remain in full force and may be foreclosed at the option of the raid ASSOCIATION after failure for three months to make any of said . � � � .. .
<br /> payments or be three months in arreazs 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 foreclosure proceedings. �. . � �
<br /> If there is any change in ownership of the rea)estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby _ . � .� . . .
<br /> � .��+ secured shall,at the option of The Equitable Building and Loan Association of Grand Isiand,Nebraska,become immediately due and payable without � �
<br /> further notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunde:,shall,from the
<br /> date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said . . . �.
<br /> ' bond,and any other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association of Crand Island, � � �
<br /> . :� Nebraska for insurance,taxes and assessments,and abstracting extension charges, wi[h interest thereon, Crom date of paymmt at the maximum . � ,�
<br /> legal rata
<br /> .i As provided in the Bond secured hereby,while this mortgage rcmxins in eftect the mortgagee may hereafter adrance additiona!sums to the � � � � ��
<br /> ���.�.j tnakers_,of said Bond,their assigns or successors in interest,which sums shall be within the ucurity of this mortgage 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 /> na�ea st�s 6th. �r of February A.D.,�v 78
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<br /> � rge e --
<br /> s ��o� E_ ��
<br /> ' =i Donnalee E. Webb �
<br /> ' STATE OF NEBRASKA, M On this 6th. day of February 197s ,before me, ,_
<br /> COUNTY OF HALL� ,.
<br /> � � .. the undersigned,a Notary Public in and for said County,personally came ,� 5 ��
<br /> f� -George G. Webb and Donnalee E. Webb, each i n hi s and her ri gW�o and as s�o�un ityQcnown ioh I €; ;, ��
<br /> � other : ,
<br /> "'��� - me to be the identical personS whoae name5 dNE afFixed to the above instrument as ortgagor S and they severally • ��.�.
<br /> aeknowkdged the said instrument to be th2'11' voluntary aM and deed_ � ���: "
<br /> �.��. � . . . . �WITNESS my hand and Notarial Seal the date aforcaaid. ��� � . _ � -.�^-r Swr .���
<br /> My Commissi r�._ �- �— � `"� /'�
<br /> � � CEIIFR�L110TAqY-Spt�olX�hnsY� ��� � �
<br /> � JOY M.BEAZLEY � ot Pub'µ .
<br /> s-�•sm xt MY Comm.ExV.�DL 1.1Y81 '
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