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<br /> MORTGAGE ' ' s;
<br /> '� MORTGAGE LOAN NO. L Z3,O�H � :� 3 ''��
<br /> KNOWALLMENBYTHPSEPRESEN75:That Don A. Dubbs and Mary M. Dubbs each in his and her own �;
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<br /> 'i right and as spouse of each other �r
<br /> �; . � � � � _— Mortgagor-whether one or more-in consideratfon of the sum of � � . � 3�,-�
<br /> � Fourteen ThQusand and No/100-------------------- �u,A� : �
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<br /> loaaed to said mortgagor by The Equitable Building and Luan Association of Grand Island,Nebraska,Mortgagee,upon Z 40 shares o[storJc of
<br /> � aaid ASSOCtATION,Certlficate No. L 23 a0�8 ,do hereby grant,convey and mortgage unto the said ASSOC[ATION the Collowing ;
<br /> .,;1 deuribed real estate,situated in Ha11 County,Nebraska: � '
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<br /> LOTS SEVEN (7) AND EIGHT (8) IN BLOCK
<br /> ELEVEN (11) IN THE FIRST ADDITION TO ' � �
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<br /> WOOD RIVER, NEBRASKA. '� , Est�
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<br /> � together with all the trnements,hereditaments and appurtenances thereunto belonging,including attached tloor coverings,all window screens, � n �y'��•��
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipmmt and aecessories thereto,pumps,stoves, '���" ,��;.�. ��
<br /> refrigerators,and other fixtures and equipmrnt now or hereafter attached to or used in connection with said real estata . � y �� ?;f,�w„�'c
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<br /> ; � � And whereas the said mortgagor has agreed and doea hereby agree that the mortgagor shall and will pay all taxes and astessments levied or �'''�
<br /> # atseaxd upon said premius and upon this mortgage and the bond secured thereby before the same shall become delinquent;to fumish approved �i;�;��� '
<br /> insurantt upon the buildings on said premises situated in the sum of$ 14��0�_Q� payable to said ASSOCIATION ued to deliver to said . ��;��.
<br /> � ASSOCIA7'ION the policies for said insurance;and not to commit or permit any waste on or about said premises; ��.�;.,".�ti`�':�:�-
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<br /> �� In case of default in the performance of any of the terms and wnditians of this mortgage or ihe bond secured hereby,the mortpgee sha11, � ��.�+�"_'
<br /> �on demand,be rntitled to immediate possession of the mortgaged premists and the mortgagor hereby assigns, transfers and sets over to the �-t`� �
<br /> �mortgagee all the rents,revenues and inwme to be derived from the mortgaged premixs during such time as the mortgage indebtednets shall nmsin -. , ..��� - ...," _
<br /> ��unpaid;and the mortgagec:.hall have the power to appoin[any agent or agents it may desire for the purpose of repairing said prcmises and rmting
<br /> the saine and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premises aad neassszy
<br /> ` � commistions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balena remainUig,if any,to be
<br /> '�. � applied toward the diuharge of said mortgage indebtedness;these rights of the mortgagee may be exercixd at any time during the existence of sueh
<br /> ;�.� � default,irrtspective of any temporary waiver of the same.
<br /> ',� . � These Pmunts,howeveq are upon'the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shsra by
<br /> payment;pay monthly to said ASSOCIAT[ON of the sum specitied in the Bond xcured hereby as interest and principal on mid loan,on or before
<br /> the Twentieth day oC each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premi_xs and on tftis Mortgage 2 �;���.
<br /> ;,� and the Bond ucund thereby,before delinqurncy;furnish approved insurance upon the buildings thereon in the sum of 5 Q,Q�p.�� Payabk ,�..
<br /> � to said ASSOCIATION:repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments an�insurance with iaterest at
<br /> the�tnaximum lega(rate thereon from da[e of payment all of which Mortgagor hereby agrees to pay;permit no waste oa said premises;keep and comply
<br /> � with al!the agreemrnts and condi►ion:of the Bond for 5 1¢�OOO.OO this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> wit6 aU the requirements of the Constitution and By-Laws of said ASSOCIATION:thm these preuncs shall become null and wid,otherwi�e they
<br /> :� , . ahall remain in full.forte and may be foredosed at the option oC the said ASSOCIATION after tailuro for thrce months to make a(ry of uid
<br /> 7 . :payments or be three months in arrears in making said monthly paymmts,or to keep and comply with the agreemmts and conditions oC said Bond;
<br /> � � � and�Mortgagor agrces to have a receiver appointed forthwith in such foreclosure proceedings.
<br /> IF there is any change in o�mership oC the real 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 Associstion of Grand Island,Nebraska,become immedintely due and payabie without
<br /> � further notice,and the amount rcmaining due under said bond,and any other bond for any additionel advances made thereunder,shall,from the
<br /> date of exercise of said option,bear interest at ihe maximum legal rate,and this mortgege may then be foredoxd to satiafy the amount dne on said
<br /> .bond,and any other bond For additionai advan«s,together wiffi all sums paid by said The Equitabte Building and Loan Association of Grand Islend, .
<br /> €€ � ' Nebraaka for insurance,texa and assessments,and abstracting extension charges,with interest thereon, from date of payment at the mucimum �
<br /> Y.� � ]ega!rata � .. .
<br /> .As provided in the Bond secured hercby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br /> maken ot said Bond,their.asfigns or succeuon in interest,which sums shsll be within the xcurity of this mortgage the same as the funds odginatiy
<br /> � ,xcured thereby,the total amoun[of pcincipal debt not to exaed at any tirtu the original amount of this mortgage.
<br /> `� Daua�: 25th a8y ot Apri 1 A.D.,is 78 t
<br /> ,k'� Mary M ubbs
<br /> STA$'L'OF NEBRASKA, � � �c.—=••, !'��-
<br /> coutarx oF H,va,� "' on sn� 25th asy oe Apri 1 �9 78 ,before me,
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<br /> � �� t3�e undersigned,a Notary Public in and for said County,persoaslly came � )K_� ,
<br /> Don A. Du6bs and Mary M. Dubbs, each in his and her own right and Wa�o spouse of ea�h other 41.
<br /> . � a re a��n Y xno�co � '
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<br /> me to be the identical caox�S whose asme S, aME affixed to the above instnunent as mort �z '
<br /> ° ` �� pe[aox gagorS and they severally ,� ,:�.
<br /> acknowied d the said instrummt to be the�Y' volun +�Y
<br /> ,��. . B� . ffiry�act and deed. . � y,y'a'v . r:y��
<br /> :� WITNFSS my hend and Notarial Seal the date af'omaid. �l-' �'� ��
<br /> ,f My Commias�on expires r� �
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<br /> ��' GEMERAC N6TARY S'-tg�p.t lp�, � �� � � Notary PubL�
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