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010041.
<br />The. Mortgak(le Inay collect a "late chargv not to exceed Five Cents (5c) for each dollar. (Sl.00) of vach*total moIiIhlv
<br />payment inore than 15 daYs in arrears to cover Iliv extra exl)(Ins(I involved in handling dolinquent accounts.
<br />All payments niade under the provisions of this mortgage or the note, hereby secured. which may lie construed as interest.
<br />s1will not. i'n the aggregate over the term thereof, exceed the rate that may no%%- 1w lawfully contracted for in writing.
<br />It is further agreed that in case any suit is begun to forvelose this mortgage, the Nlortgagee, its r(�1).resentziti%,esorzissigi)�.
<br />shall at one(. be entitled to the possession of said premises. and upoil applica I tion therefor, the court in which such action shall
<br />lie hrought or ariv judge of such court. either in term time or vacation. is hereby authorized to appoint a receiver to take
<br />sion. of said premises, or to collect the rents therefrom, and to do and perform such other acts as may lie required by the order
<br />of the court making the appointment; an(l said INIortgagor hereby waives any notice of such 'applicatio'n. and consents' to tile It)-
<br />pointinent of a receiver upon the production of this mortgage. williout. other evidence.
<br />The Nfortgagee shall lie subrogated to all of the rights, privileges. priorities. and equiti" of any lienholdor \Vlio,(, lien nviv
<br />have been discharged from the proceeds of this loan, or by any funds hereby paid or furnished by the Nfort9lagee.
<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 lie divested of his title or any interest therein in any manner or way, whether 'voluntarily or
<br />involuntarily, without written consent of the Nfortgagee heing first had and obtained, 'Nlortgaggee ,;hall have the iight, at its option,
<br />to declare any indebtedness or obligations secured hereby, irrespective of the maturity date specified in any ni)te 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 become.,; vested in a person other than the Mortgagor, the Mortgagee may, without notire to flie 'Mortgagor, deal
<br />with such successor or successors in interest with 'reference to this mortgage and the debt, hereby secu�ed as with the 'Nlortgagor,
<br />and may forbear to sue or may extend time for the Imyrnerit of the deht, hereby secured without discharging or ir� any way affecting
<br />the liability of the original Nlortgagor hereunder or upon the debt secured.
<br />In this instrument tilt, singular includes the plural and the masculine includes the feminine in(] the neuter in(] this in-
<br />,--trurnent. shall be binding ul)on the undersigned. his heirs. person-il representatives, successor.,; and a,,signs.
<br />IN WITNESS NVIJERE'OF, we have hereunto set our hands and seat, tile da-, in(]
<br />year- fifst above written.
<br />In the presence of:
<br />Michael 0. Smitn
<br />... ....... ........
<br />Phyllis R. Smith
<br />sTATE' OF NEBRASKA I SS.
<br />......................... l��:q .... County, I
<br />F
<br />Oil this ...... (lay of .... ,��-tq..75. before nie. the undersigned, a c, in and for said
<br />Notary Pub]
<br />County, personally came ....... Michael- Smith ... and -Phyllis ... R.—Smith,...1jusband and. wife
<br />* .... . .... .... .. ... * ....... ... ..... . .... .. 0 ...........
<br />personally known to me to he the identical persons %vhos(� names are affixed to the above and foregoing instrument, as niortgagors,
<br />and each acknowledged said instrument to lie his or her voluntary act and deed.
<br />Witness my liand and notarial seat at .................. Grand. ..Island,...NE . ......... .............................................. .......... ...... ......
<br />the -date last above )vritten.
<br />L. Willits
<br />NOTARIAL
<br />T
<br />E-
<br />S T!Ij.r'E 0 F NEBRASKA ................................ .......... .......
<br />Notary Public.
<br />0 r
<br />C e
<br />October 18, 9 u
<br />My commission e%pires ......... ................... . ................ f
<br />STATE
<br />.....................................
<br />ss
<br />County...................... W .................
<br />Entered on numerical index and filed for record in the Regist . er of Deeds Office of said County the
<br />at .......... 7,? ...... o'clock and ........
<br />.... (lay of.. ..... rriinutes�..(� ... K.
<br />an(] recorded in Book ........ 1_7!� ........... of IN,lortga.ges at page ....... as Instrument
<br />..........
<br />Reg. 0-f Deed"s** ......
<br />By .........
<br />... ; ............... .................................. ...... Depu ty
<br />When recorded to be returned to the
<br />FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN"
<br />I INCOLN OFFICES: Phone 475-05211435-2111
<br />0 1235 "N" Street 135 No. Cotner Blvd. 70th and "A" St. F1 2541 No. 11th Street
<br />OMAHA OFFICES: Phone 558-4323
<br />E] 8706 Pacific St. Ej 2101 So. 42nd St. 3205 No. 90th St. n 10920 West Dodge Rd.
<br />REGIONAL OFFICES: [] 2120 First Ave., Kearney 0' 513 "E" Street', Fairbury [:j 1433!'M" Street,'Ord
<br />Phone 728-3218
<br />Phone 234-2473 Phone 729-2202
<br />E] 1301 Main Ave., Crete Ej 223 Box Butte Ave., Alliance E] '1811 West 2nd St., Grand Island
<br />. . Phone 82.6-4349 Phone 762-2160 . Phone 384,4433
<br />1974 . rjnST FEDERAL SAVINGS AIND LOAN
<br />AS�OCIAT!ON or.1-INCOLN. NEBRASKA
<br />
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