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Account No. 1432-0 OPEN -'END REAL ESTATE , MORTG AGE ' Lester C. Ingoldsby »and «Elizabeth P. Inc�oldsb husband and wifhre afiyr _.».._.«...... ... _ ........»» Called the "Mortgagor", does hereby mortgage the following described reai estate: Lot S�Jxteen (16) Block Two (2) Knickrehm'Addition ._.._..........._..«...._-.................................._........................................... ........... ...................................................... .........._......_..._......................... ........... . to the City of Grand Island, Hall County, Nebraska. _......................_............»................................................_................................................................_........................................: .......... :........... _ » «....»....................................................................... ............... ................................................................................................»....-...._.._...... ................... «.... hereinafter called the "premises", to Bell Federal C di Union, her tnefter call!;d the'y��ortgag� consideration of the amount, financed by the Mortgagee in the sum of rl thteen 'Thousand and n0`OOt`�'iS--------- g................................................................................................................... --------------------------- 18 000.00 _.«._.»..»........»......................»...:............_...................._....... (5 .......................................... ),receipt of which is hereby acknowledged, and in consideration of 'covenants and agreements hereinafter set forth: PROMISSORY NOTE: This mortgage is given to secure payment of the amount. financed together with interest, according to the terms of the Mortgagor's promissory note of this date. ADDITIONAL ADVANCES: This mortgage shall secure any additional amounts financed together with interest, which may be made at the mortgagee's option at any time before the release of this mortgage provided, the aggregate amount secured shall not exceed the maximum amount permitted by law, except that nothing herein contained shall be considered as limiting the advances secured herein which are made to protect the security or made in accordance with covenants contained in this mortgage. Any additional advances, with interest, made by the mortgagee to the mortgagors, or their successors in title, for any purpose, at any time before the release and cancellation of this mortgage, but at no time shall the aggregate principal amount secured* by this mortgage, being the amount due at any time on said original note and any additional advances made, exceed the original principal amount secured by this mortgage, being the sum as set forth above, provided that nothing herein contained shall be considered as limiting the amounts that shall be secured hereby when advanced to protect the security or in h accordance with convenants contained in the mortgage. WARRANTY: The Mortgagor hereby covenants with the Mortgagee that the Mortgagor is lawfully seized of the premises, that the premises are free from encumbrances; that Mortgagor has good, right and lawful authority to convey, the premises, and that the Mortgagor warrants and will defend the title against the lawful claims of all persons whomsoever, except................................................................................................ Stubj.e.ct... to ... let ... MQxtgag,s...k�tald...b�r...Equitable... Building ...&...Loan...Assn.&.#............. .......1?.4114D.GP.... ap.P.K..... ..................................................................:............................................................................... OWNERSHIP: If there is any change in the ownership of the premises by sale or'otherwise, then at the election of the Mortgagee the unpaid balance of the amount financed including additional amounts financed together with interest shall become due and payable at once without demand or notice. INSURANCE AND TAXES: The Mortgagor shall maintain fire, windstorm and extended coverage insurance upon the premises in an amount not less than the indebtedness due the Mortgagee with a loss -payable clause in favor of Mortgagee. The Mortgagor agrees not to commit nor „ permit waste on the premises. The Mortgagor shall pay all the taxes, levies and assessments upon the premises before they become delinquent. In the event the Mortgagor shall fail to obtain insurance or pay taxes and other liens before delinquent, the Mortgagee may either ,pay them, creating a lien secured hereby for the amounts so advanced together with interest at the annual percentage rate of twelve percent (12%); or consider Mortgagor in default. II DEFAULT: The Mortgagor is in default if any of the terms and conditions of this mortgage or the promissory note or notes secured hereby are il breached. Upon default, the Mortgagee without demand or notice may declare the entire debt secured by this mortgage due at once and may h foreclose this mortgage for the satisfaction thereof. „ RENTS: All rents and profits derived from the premises are hereby assigned to the Mortgagee and upon default such rents and profits shall be paid directly to the Mortgagee to be applied against the unpaid balance of any and all advances secured hereby together with interest. Upon default the Mortgagee shall be entitled to immediate possession of the premises. The Mortgagor irrevocably appoints the Mortgagee and its assigns and successors his attorney-in-fact to rent, manage and maintain the premises as it deems best, and the Mortgagor further agrees to pay said attorney a reasonable fee for such services. 4th March Signed this ._......�� ....................... «day of ........ .«...r'_'_��° ..- ..... _».... 19 �^ JANffOLiQNdsM L ste Ingoldsby ...................... MY can""M oCWW 14,197° aM EY i za a rig_ Z sb It " 'j�9 ..................«.........._.............:........................_......./..............»».«.._«. STATE 'OF._ .N.e..b ra$ka Mortgagor COUNTY OF._ Dousl.as } SS. Before me, a Notary Public qualified for said county, personally came LEST_ER C. INGOLDSBY and ELIZABETH P. INGOLDSBY,husband and Wife to me known- to be the identical person who signed the foregoing instrument and acknowl- j their ��em vt A40P0 he execution. thereof fo,be ........... ...................... luntar ac nd deed. r� ' tlemjoW' WITNESS my hAnd an .. d'notaiia n' ._........ M..rQ 4.r». ......19....... 75 NOSNN Js7NV{' Jane '� a n......... ..................... October 14, 1978 l otary Public MyCommission Expires:._.._........................................................... ` �1 0 o e DU oD n0 C1 Z m v ° - O.O C1 0 o O J Z N '¢ v U Lu p . O ° .44) m W,tO° cc u \` C (L Wto W v~) Y a Y C m 0 Q j W a ° v v r ��. wad CC 7 Y O W �N= W z v o o: WNQ Z o u u `c Z LL W W W e c 3 m LQ W u > h � n •19v ,� m . BFCU Form 105-A'