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The Mortgagee nilly collect •a "kite charge" not I("exceeil Fivv'Cents"(fic) for each dollar (SI -00) of r•:ic•h. tot ;it monthly
<br />payment more than:.15, days in, arrears to cover the vgira expense involved in handling rlelinquetit accounts. .
<br />All paymm�ts`made tinder the provisions of this mortgage or the note hereby secured, which may be construed' dg interest.
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<br />shall not, in the aggregate over the tern thereof, exceed the rate that may now he lawfully contracted for in ivritili
<br />It is further agreed that in case any suit is Begun to foreclose this mortgage. 'tile Tiorigagee, its re}irisentatives or assigns.
<br />shall at once be entitled to the 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 terns time or vacation, is hereby authorized to appoint a receiver•to take 110, -11,
<br />cion of said premises," or to collect the rents therefrom, and to do and perform such other acts as may be required" by the order
<br />of the court making the appointment; and said Mortgagor hereby waives any notice' of such applicntioti, and consents to the ap-
<br />pointment of a receiver upon the production of this niorigige, without other evidence.
<br />The Mortgagee shall he subrogated to all of the rights, privileges. priorities, and equities ofany lienholder ii•hose lien nucy
<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 Liie 'Nfortgagor 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 'Nfortgagee 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 ami note evidencing the`
<br />same, immediately due and payable without notice, and said debt shall thereupoci become absolute. If the ownership of the mort-
<br />gaged property'becomes vested in a person other than the Mortgagor, the Nlortgagee may, without notice to the `Sortgagor, 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.7orbear 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 />strtunent. shall be binding upon the undersigned. his heirs, personal representatives, successors and assigns.
<br />IN WITNESS WHEREOF. we have hereunto set our hands ands XlJl 9io rlat' and year first above written.
<br />In the presence of:
<br />... J ._ .......... -- 1......... ......................:............................
<br />1 alley
<br />x� ... ...... ... :::. . .... .
<br />Debra A. Bailey
<br />STATE OF NEBRASKA
<br />Hall............County.
<br />mss.
<br />............................
<br />// day of ._....... .... .�..!.._....., 19.....75 before me, the undersigned, a Notary Public.Jn and for said
<br />On this ....l� A /��
<br />Glen L. Bailey and Debra A. Bailey, husband and wife,
<br />County, personally came ................................................... ......... ....... ........... .................................................... ............ ......... ..........:... _...-.......__...._or .
<br />personally 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 />Grand Island, Nebraska
<br />Witness my hand and notarial seal at ..... :................. ....:•........................................................................................
<br />the date, last above written.
<br />..........:.......
<br />Notary Public.
<br />A4y commission expires .... L/.................. ..1. T .............. Thomas L. Willits
<br />,\
<br />GG1d fZAL NOL•t,0:AL
<br />SPATE OF NEBRASKA
<br />COmMIsB4ON
<br />STATE OF...:.. SPAS �' •-------------- October 18, 0173
<br />ss
<br />County ...... �%G.G..................................... _
<br />Entered on numerical index and filed for record in the Register of Deeds Office of said County the
<br />_..//Z:.day of. ...... ,��%j �LIX�. 19._ ��aL......P-......o'clock and........ �.. minutes ..... �..M'.
<br />//. q
<br />and recorded in Book.......... 4/e:, ...of Mortgages at page:....:../..__...., as tstrume t No...�.�71J.-•-
<br />......................
<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 OFFICES: Phone 475.05211435-2111 2541 No. 11th Street
<br />❑ 1235 "N" Street E]135 No. Cotner Blvd. ❑ 70th and "A" St. El
<br />OMAHA OFFICES: Phone 558.4323
<br />F-18706 Pacific St. ❑ 2101 So. 42nd St. ❑ 3205 No. 90th St. ❑ 10920 West Dodge Rd.
<br />REGIONAL OFFICES: ❑ 2120 First Ave., Kearney ❑ 513 "E" Street, Fairbury ❑ 1433 "M" Street, Ord
<br />Phone 234-2473 Phone 729-2202 Phone 728-3218
<br />1811 West 2nd St., Grand Island
<br />E]1301 Main Ave., Crete ❑ 223 Box Butte Ave., Alliance ❑ Phone 384.4433
<br />Phone 826.4349 Phone 762.2160
<br />1974 - FIRST FEDERAL SAVINGS AND LOAN /
<br />ASSOCIAMON OF LINCOLN. NEORASKA /�. /
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