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29563-7
<br />REAL ESTATE MORTGAGE LOAN NO .................................
<br />Env�j All Men PU, Ze h s Presents -
<br />C, C, 14P
<br />Charles A' Douthit and Donna M. Douthit, Husband and Wife'.
<br />That.................................................... ..................................................................................... ........................................................ ....... ..............................
<br />hereinafter referred to as Mortgagors, whether one or more, for and. in consideration of..:. ......................................... ........................
<br />Ohe.hundred Fifty thousand ... and .............. DOLLARS
<br />........ ..... s . ........ ..... ....... ....... .... .. .... . ... ....... .. .... ........
<br />in hand paid, do hereby bargain, sell. and convey to NEBRASKA. STATE SAVINGS AND LOAN ASSOCIATION,' of Fremont,
<br />Nebraska, the following described real estate situated in ......... ; ................. .... HALL .............................................................. County, Nebraska:
<br />........ ..
<br />Lots One (1), Two (2), Three (3), Tour (4), Five (5) and Six (6), in Block Two(2)in
<br />Academy Heights Subdivision; ALSO Lot Nine (9), West Heights Second Addition; ALSO Lot
<br />Eleven (11),,West Heights Sec6nd Addition; ALSO Lot Thirteen (13) and the Southerly-
<br />twenty-eight feet and Six inches of Lot Eleven (11) all in Block Eleven (11) in University
<br />Place, an addition all.to the city of Grci.nd Island, Hall County, Nebraska.
<br />Together with all the tenements, -hereditaments, and appurtenances thereunto belonging, including attached floor covering, all heat-
<br />ing, plumbing and lighting fixtures, and equipment and accessories, window screens, window shades, storm Windows, Venetian -
<br />blinds, awnings, stokers, hot water heaters, pressure pumps and tanks, air conditioners, and all other mechanical appliances whi;:h
<br />are now or may become attached to and used in the buildings on said real estate; and it is agreed that all such fixtures and ap-
<br />pliances shall be considered a part of said real estate. If any such items of equipment, fixtures and appliances should be con-
<br />sidered as personalty, then this mortgage shall constitute a security' agreement with respect to any 'property so considered
<br />whether now or hereafter affixed to the above real estate.
<br />Said mortgagors represent that we are lawfully seized of the said promises; that they are free from encumbrance, and we
<br />do hereby covenant to warrant and defend the said premises against the lawful claims of all persons whomsoever;..
<br />PROVIDED 'ALWAYS, and these presents are upon these conditions:
<br />Mortgagors have executed and delivered to mortgagee their note for the above mentioned amount, payable in monthly
<br />installments. It is understood -and this mortgage shall constitute notice thereof, thatthis mortgage is security �for not. only the
<br />amount advanced concurrently with the execution hereof, but all future advances to. be made at the option of the: parties or their
<br />assigns, up to the total amount stated in this mortgage, to the same extent as advances originally made hereunder.
<br />It is further agreed, in the: event that payments and taxes herein provided to be paid by mortgagor, are not paid when due,
<br />and the premises at that time or thereafter, are oc6upied by a tenant, the mortgagor herein, hereby sells and assigns and trans-
<br />fers to the Nebraska State Savings and Loan Association, mortgagee herein, all rents and income of all kinds, arising out of said
<br />property and authorize said Nebraska *State Savings and Loan Association to collect same and sue, therefor.. in its own name,
<br />and after paying costs of collection to apply the remainder on the debtq secured by this mortgage.
<br />Mortgagors further agree to pay all taxes levied upon this mortgage and the debt secured hereby; and to pay all taxes
<br />and assessments upon said real estate at or.before the time the same may become delinquent; also, to maintain fire, and extended
<br />150,000.00
<br />coverage insurance on said premises in the amount of $ ........................................................ in such company as mortgagee may direct,
<br />with an acceptable mortgage clause attached for the benefit of mortgagee or the legal holder of said note, and deliver said pol-
<br />icies to mortgagee. If mortgagors fail to pay the taxes at said time or fail to comply with this provision with reference to in-
<br />surance, mortga6e may pay said taxes or may obtain such insurance, and mortgagors agree to repay the same with interest
<br />thereon at nine per cent, and this mortgage shall secure such repayment with interest. If the said note and interest thereon, and
<br />all insurance and taxes paid by mortgagee or assigns, shall be fully paid, this mortgage shall be null and void, otherwise to be
<br />and remain in full force and effect. The neglect or refusal to pay any of the monthly installments on the same, agreeably to the
<br />Constitution and By -Laws of mortgagee, or according to, the terms of said note, gr incaseof waste or in case of breach by mort-
<br />gagor of any covenant in this mortgage, mortgagee may declare all amounts secured hereby at once due and. pa . yable and may
<br />foreclose the mortgage therefor.
<br />In the event the mortgagors herein convey the above desdribed premises, the Association, at its option, may declare the
<br />.entire balance of the above mentioned note due and payable. Acceptance of payments hereunder from. such purchaser, without
<br />written notice to the home office of the Association shall not be considered as a waiver of this right.
<br />In case of default of Payment of any installment of principal or interest, or in payment of the taxes or insurance or,in-
<br />terest on the same, the mortgagee shall be entitled to the immediate pbssession of said premises and to the receipt of all rents
<br />,therefrom, and in case of foreclosure it is stipulated that upon request of the plaintiff a receiver shall be appointed for said prem-
<br />ises to take possession thereof and to collect the rents and profits thereon.
<br />In the event the association has paid the . agent's loan fee in connection .with the loan secured by thismortgage* which is
<br />customarily charged to the mortgagors, full prepayment of the obligation secured hereby prior to two years from date hereof
<br />will not be accepted until this loan fee is repaid to the association. Provided, this requirement will be waived if the release is in
<br />connection with a transfer of p rty described herein to a,purchAser who continues this loan subject to the same prepayment
<br />requirement.
<br />Datedt . ..... .. y of.
<br />ated thi�f ...... ; .. ...... ........ day of ....... APKII ............ (7) --------------- A D..19-- - ---------
<br />.............
<br />..... .......... ...........
<br />ou rM M. DoutYtit
<br />It
<br />D �4hf
<br />�a es
<br />.................. ................................................................. ........... ........................................................................
<br />STATE OF NEBRASKA J STATE OF NEBRASKA I
<br />ss.
<br />EAU ................... COUNTY J ...... ... COUNTY
<br />29th April . .......... IJ5 Filed for record on this ........ ... !0 .............
<br />Onthis ................ day of ............................... .......... before
<br />me, the undersigned a Notary Public duly commissioned and qualified for said day of...� ............... A.D. 19.14�
<br />Charles A. Douthit and Donna M. Douthit,. '..... ..... 7�1.� .......
<br />County, personally came ...... Husband ... and-wi-fe ........................................................ at . :.o
<br />to me known to be the identical person or persons whose name is or names are recorded in Book'... ....... . / clock and
<br />0............./.. *. Of
<br />subscribed to the foregoing instrument, and acknowledged the execution thereof page .. Sf ......
<br />to be, his, her or their*.volunta'ry act and deed.
<br />Witness my h , iind and official Seal the day and year above written. Register of Deeds
<br />By............ * ............. ! ............................. ..........
<br />Deputy
<br />................
<br />C E FR 71!A D IE EE:,
<br />Notary Public
<br />Fee—$ ..............................
<br />GEMERAL �40 A
<br />Regisfer ......
<br />Indexed ............
<br />State of P40bras,
<br />1,,,X Coiliniispjon -Ex.pt.res.� AU
<br />10 ........ ........ 1.2# . .... gust Grantor: Compared...
<br />As .... da ,of ........ ...................
<br />... . . .... Grantee: ... *.:.* ....... Paged ..........
<br />
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