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The Mortgagee may collect a "late charge" not to exceed Five Cents (50 for 'each dollar.,(31.00) of each total monthly
<br />payment. more than 15 days in arrears to cover the extra oxliense involved.in handling each
<br />accounts.
<br />All payments made under the provisions of-this mortgage or the note hereby secured. which may be construed as interest,
<br />7 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 atonce be entitled to the possession of said premises. and upon application therefor, the court in which such action shall
<br />lie brought or any judge of such court. either in germ time or vacation, is hereby authorized to appoint a receiver to take posses-
<br />sion of said premises, or to collect the rents therefriim, and to do and perform_ such other acts as maybe 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 al
<br />pointment of'a receiver upon the production of this mortgage, without other evidence.
<br />The Mortgagee shall be subrogated, to all ofthe rights, privileges, priorities, and equities of any lienholder whose ,lien may
<br />have been discharged from the proceeds of this loan, or by any funds hereby paid or furnished by the Mortgagee.
<br />IT IS EXPRESSLY AGREED that if the Mortgagor shall sell, convey or alienate said property, or'•any part thereof,
<br />or any interest therein, or shall be 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 sliall have the.right,, it 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 and 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 affecting
<br />the liability of the original Mortgagor hereunder or upon the debt secured.
<br />In this instrument the singular includes•tile 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 />-- ..ib �:r. "••••..,;'`-..11. ....................... ...........................
<br />Steven L. Nelson
<br />l{�
<br />ary K. Nelson
<br />STATE OF NEBRASKA
<br />}s.
<br />......................................Ha...lCounty. JJJ
<br />V....... ! A—. L %.r.:... 19.:75 before me, the undersigned, a Notary Public, in and for said
<br />On this .....�...(. ......... day of 1' /)
<br />Steven L. Nelson and Mary K. Nelson, husband and wife,
<br />County, personally came................................
<br />.....
<br />.................................... ......... ........... .............. .,............:.......:................
<br />..................................................
<br />liersonally known to me to be the identical persons whose names are affixed to the above and foregoing instrument, as mortgagors,
<br />and each acknowledged said instrument to be his or her voluntary act and deed.
<br />1 Grand Island, Nebraska
<br />Witnessii*NATAMEF[Hatarial seal at........................................................................ ....... ........................................ .......................
<br />the c last abGENERALNOTARY -
<br />State of Netbmska
<br />My Expires
<br />JUNE 11, 1 .............�Q�. /
<br />.JUNE t1, 1978
<br />.. .. ........ ...........
<br />Q Notary Public.
<br />Ivfy commission expire ..L r.-,-tE�-.....I� i.....
<br />%.:./....�...
<br />STATE OF... ..... !P S ! ......................1
<br />} ss_ .
<br />County............................•... JJJ
<br />Entered on numerical index and filed ,forr record in the Register of Deeds Office of said County the
<br />ce/ ...day of...:.... .........., 19.../.-s.., at......... ......o'clock and..... &. ....minutes .:. ...M;•
<br />and recorded in Book ............of, Mortgages at page..........., as 1 strumen , No...a s`�...
<br />o
<br />Reg. of.Deeds
<br />By.:...............................................................:.Deputy
<br />When recorded to.be returned to the
<br />FIRST FEDERAL SAVINGS AND LOAN .ASSOCIATION OF LINCOLN
<br />LINCOLN' 6FPIGES: Phone 475.0521 1435.2111
<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 Soi42nd St: ❑ 3205' No. 90th: St ..; . ❑ 10920 West Dodge Rd.
<br />REGIONAL OFFICES: E]2120 First Ave.; Kearney 'E] 51.3 "E" Street, Fairbury -E]-1433 "M" Street, Ord
<br />Phone 234. 2473 Phone 729 2202. Phone 728-3218
<br />❑ 1301 Main Ave:; Crete . ❑ 223.Box:eutte'AVe:, Alliance ❑ 1811 West 2nd St:; Grarid Island
<br />Phone 826.4349 Phone 762.2160 Phone 384.4433 `
<br />1974 •• FIRST FEDERAL SAVINGS AND LOAN-
<br />. - ASSOCIATION.OF LINCOLN. NEBRASKA
<br />
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