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Adik Alk
<br />The Mortgagee may collect a "late charge not to exceed Five Cents (5c) for each dollar ($1.00.) of each _total monthly payment more than 15 days in .arrears to cover the extra expense involved in handling- le.linquent accounts.
<br />All payments made under the• provisions:of this mortgage or the note hereby secured, which may be ccinslrued as interest,
<br />shall not, in the aggregate over the term thereof, exceed the rate that may now be lawfully contracted for in writing.
<br />It is further agreed that in case any suit is•begun to foreclose this mortgage, the 'Mortgagee, its representatives or assigns,
<br />shall at once be entitled to tile possession of said premises, and upon application therefor, the court in' which.such action shall
<br />he brought or any judge of such court, either in term time or vacation, is hereby authorized to appoint a receiver'.to take posses-
<br />sion of said premises, or to collect the rents therefrom, and to do and perforin such other acts as may
<br />be, required by the order
<br />of the court making the appointment; and said Mortgagor hereby waives any notice of such 'application. and consents to the ap-
<br />pointmentof a receiver upon the production of this mortgage. without other evidence.
<br />The Mortgagee shall be subrogated to all Of the rights, privileges. priorities, and equities of any lienholder whose lien may
<br />have been discharged from the proceeds of this -loan, or by any fends hereby paid or furnished by the Mortgagee.
<br />IT IS EXPRESSLY AGREED that if the Mortgagor shall sell, convey or alienate said property„pr any part thereof,
<br />or any interest therein, or shall he divested of his title or any:interest therein' in any manner or way, whether voluntarily or
<br />involuntarily, without written consent of the Mortgagee being first had and obtained, Mortgagee shall have the right, at its option,
<br />to declare any.indebtedness or obligations secured hereby, irrespective of the maturity date specified in any note evidencing the
<br />same, immediately due and payable without notice, and said debt shall thereupon become absolute. If the ownership of the mort-
<br />gaged property becomes vested in a person other than the Mortgagor, the Mortgagee may, without notice to the Mortgagor, deal
<br />with such successor.or successors in interest with reference to this mortgage anis the debt hereby secured as with•the Mortgagor,
<br />and may forbear to sue or may extend time for 'the payment of the debt hereby :secured without discharging or in any way affecting
<br />the liability of the original Mortgagor hereunder.'or:.upon the debt secured.
<br />In this instrument the singular includes the plural and the masculine includes the feminine:'and the neuter and this in-
<br />strument. shall be; binding upon the undersigned, his heirs. personal representatives, successors and assigns.
<br />IN WITNESS WHEREOF, we have hereunto set our hands and seal,- the day and year first above written.
<br />In the presence of:
<br />.: Thom ?. �..... ..............................
<br />P chal R. McPhillips
<br />,
<br />J�
<br />c 1° 4r NE8R, `
<br />..-..-
<br />October 13, L+ _ ✓ Janis E. McPhillips
<br />STATE OF NEBRASKA
<br />Hall..ss.
<br />....... .... . .....................County.
<br />On this .../..(-.. /%..- day of ...... / l.�......... 19..75- before me, .the undersigned, a Notary Public, in and for said
<br />County, personally came ........ .-Paschal..R,-••McPhillips...Ana..Janis..E....Mchbilaps,...husband.:and..zrif.e.,-...,.......
<br />personally known to me to be the identical persons whose names are affixed to the above and foregoing instrum_ent,. as mortgagors,
<br />and each acknowledged said instrument to he his or her voluntary act and deed.
<br />Witness my hand and notarial seal at...` -.......Grand ... Island,...Nebraska........................... ..........................:...............................
<br />the date last above written.
<br />J
<br />.............. n ... .. .
<br />Notary Public.
<br />My commission expires........`:C.!........./✓../....(..,./.../ .. .............
<br />STATE OF.
<br />Q/ ...............:.....
<br />County......... ..................................... ss.
<br />n11Entered on numerical index and filedforrecord intheRegister of Deeds Office of said County the
<br />dav of.... U� ..:-...-:..:, 19../,.-�, at......... `.......o'clock and......./.
<br />ffi minutes//• �• Iva .
<br />and recorded in Book.... AM... ......... o.f Mortgages at page...2e -�... ... I Instrun N
<br />.......................:...._....:.Grrv�......................
<br />Re of Deeds
<br />By.....,. .. .... ......... ..! of
<br />When recorded to be returned to the
<br />FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN
<br />LINCOLN' OFFICES: Phone 475.05211435.2111
<br />❑ 1235 "N” Street ❑ 135 No. Cotner Blvd. ❑ 70th and "A'.' St.❑ 2541 No. 11th Street
<br />OMAHA OFFICES: Phone 558.4323
<br />❑ 8706 Pacific St. ❑ 2101 So: -42nd St. ❑ 3205 No. 90th St., ❑ 10920 West Dodge. Rd.
<br />REGIONAL.OFFICES: ❑ 2120 First Ave., Kearney ❑ 513 "E".Street,•FairburyE].1433 "M'.' Street, Ord
<br />Phone 234.2473 'Phone 729.2202 'Phone 728-3218
<br />1301 Main Ave., Crete ❑• 223 Box Butte Ave., Alliance F11811 West 2nd St.,, Grand Island
<br />Phone 826.4349 Phone 762.2160 Phone,384.4433
<br />I9i•S - FIRST FEDERAL SAVINGS AND LOAN O� -
<br />ASSOCIATION OF LINCOLN, NEn RASKA
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