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<br />~~...~fti1Q369
<br />Max~rc:ACE
<br />MORTGAGb LOAN NO. 7. Z¢y 178:. -131 anira~;_:..'- -
<br />iCNb~r`AiiMffrl BY rH~ C'ft.F~F:N7S: That Harty C. Stalker and Patricia P. Stalker;- each. in his-. ;
<br />and her cfvn right and as spouse of each other, Mor[5sgor, whether one or more, in oonz4deration of tEtratr@ of
<br />Ht,tvtrr~rt For Five Thousand afxi nof100 --flpFT:IRS,,•
<br />loartad to said rmrtgagor by The Equilabk Btti[diag and Loan Association of Craad Island, Nebraska, Mortgagee, uponl, 450 - stisrd of riock of.' ~.
<br />said ASSOCIATfON, Certif7ate Na. l 24,178 , do hereby gran[, convey avd mortEsPP rmto the said ASSOCLITCON- the' foiloxivg-;
<br />descrdred real estatt, situatW in Hall County, Nebraska:
<br />I.ot Three (3), Block Five (5), in Replat of Riverside Acres, cTlt
<br />Additivir t0 u`te City of Graird island, ..ail C±13nty, :t°}'r~.~)Ca.
<br />Lot Two {2), in Block Ten (10), in Ashton Place, an Addition to
<br />t1~e City of Gratri Isianct, Hall County, Nebraska.
<br />ttrgether with alt She ttnements, herediianunts and appmtenanas thereunto belonging. intluditrg attached Baar coverings, all window screens,
<br />wrctdaw shades, blinds, atarrn windows, awnings, heating, aia eanditnroi~g, and plumbing and waur eyuipimnt and accessories [hereto, otimps, stoves,
<br />refrigerators, and other fixtures xnd tquiprtrent rrow ur hereafter attached to ar used in x>nntMitm with said real estate.
<br />And whereas the said mortgagor trxs agreed and il xs hereby agree U:at thr mortgagor stroll and will pay all taxes and asses~ents levied or.
<br />assessed upon said prerruxs and upon this ttturtgage and the band etcured thereby heiiirt the same shalt become delinquent; [u furnish approved
<br />insurann: upon the buildings an card premises vtvated yr the sum of 5145, 000 .00 payatsle to said ASSIX:IATtON and to deliver- to said
<br />ASSOCIATION the oolicies for said insurance; and not to commit or ptrmrt any waxrc on ar abrrut said premises;
<br />In case of defatrk in ttx perforrtiance of any .rE the terms and eonduions of ties rmrrtgage ar the bond secured hereby, the mortgagee Shall,
<br />err dcawrd, be attitkd to immediate p.rssYSSron of the mortgaged premises and the mcrrtpagor hereby assagns., transfers and sets Weer So the
<br />mortgagee all the rents, revenues and incorrce to be derived [ram the nrortgagtd premises during such lime as the mortgage indebtedcess shall remain
<br />tenpaid; and [he rvortgagce straB have the power to appoint any agent ar agents it may desire tar the purpose of repairing said premises ami renting
<br />the satrre and ailkcting the reins, revenues and incort~, and it tray pay our of sxrd mmme alt expenses of repairing. sold premises and necessary
<br />eani.++t~zns and expenses incurred in rent h:g amt managing the sanrt and nt wUecting rentals therefrom; the balance rcniaintng, if any, to be
<br />applied toward the discharge of said mortgage indebtcdriess; these rrghts of the nrartgxgee may be tzercised ai any rime during the existence of such
<br />~fardt, irrespective of any temporary waiver of the same.
<br />These f'rescnts, tnrwever, art spun the Carditiarr. What if the=;rrd Mortgagor shalt repay said loan on ar heEow the maturity of said shares by
<br />paymem; pay monthly to said A55tktA"(TON ut the sum specified in the EWnd stcared hereby xs incerest arrd principal on said loan, on or before
<br />tht Twentieth day of loch and every rtxrnttr, until card roan is fully pard; pay alt taxes and assessments ttvitd agairtxt said promises aad on [his Mortgage
<br />and the Bund secured thereby, before dtlinyuen~~~; fuurrsh xppruvcd insurance upon the buildings thereon irr the sum of fi 145, 000. QO payable
<br />to said ASSt)CtATION; repay to card ASSOClA770N spun demand all trn nay by n paid fnr such taxes, assessments and irtsutance with interest at
<br />the nrazitn[un legal rate ttrerean from date of payment all of which Mortgagor hereby agrees to pay; permit tin waste on said premises; ktep and wmpty
<br />with all the agreements and conditions of the tiund tar S 145, OOO.OOthis day green by the said Mortgagor to said A~SOClATION, and comply
<br />with all the requtrerncn[s of the Cunuitutmn arrd By-taws of said A5SOClAT'ION; thin these presents stroll btruate auB and void, otherwise they
<br />shag remain in fort farce and Wray be foreclosed at tht optrun of the said ASSOCIA'f1GN after failure far three months to make any of said
<br />payments or bt three rnanths m arrears nr malcirtg said monthly payments, ut is keep and wmply with the agreements and conditions of said Band;
<br />and Mortgagor agrtts to kuve a receiver appointed forthwith in arch faroclusure proceedings.
<br />if there is any change io ownrrstup of the rest estate mortgaged Iserein, by sale ur otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at its option of TTu t•:ytiitaltk Building arrd Lran Aswciatiun of Grand lslaad, Nebraska, beoortee immediately due and payable without
<br />further notice, and the aitiormt rerriaitting dot under said bond, and any odtrer bond for any additional advances made therctmder, shall, Crum the
<br />rlait o[ txerciac of said option, bear interest at the maximum legal rate, and this mortgage tray Then be foreclosed to satisfy the atrmunt due on said
<br />bond, std any atlur bond iw adtBtiunat advances, tugettier with aB aorta paid by said The Eywtable Brriitling and loan Association of C,raod tsland,
<br />Nebraska for insnrance, taxis and assesuttents, and ab~racturg extension charges, with interest thereon, from date of payment ai the maximum
<br />kgainte.
<br />As prtrridtd in the Band stcuxed hereby, while this tnortgagc remains ur effect the mortgagee rrmy hereafter advance adritional sums W the
<br />[[takers of said Bond, ihtir atx ur surxcssars in intrrest, which runts shag bt within the srcurity of this mortgage the saute as the funds origiaatly.
<br />sacttred tttertby, the tole! aapunt of principal debt not to rxrxed at any Circe the urigvtal amauat of this rtrartgage.
<br />tb~ utis 18# , ~ day of Jantiazy .~. n.. t 4 84
<br />~ ~i _
<br />c~a r .a a er
<br />S'T'A'4`L' OF N!{BRASKA' ss. On [his 18th day of January 1484 .before rce,
<br />C'.CHSN'Cl' OF IfALL
<br />the undersigtrod, a Notary Yub& in and for said Cormty, personally atttie
<br />r1` C. Stalker anti Patricia P. Stalker, eac:i[ in his and her cavrt r~~tt azxl as~r~tLSPfttt~mr:o
<br />eagh other, are
<br />tea to lrit the +deatk:al t>eraua 8 whtae nattxe5 affixed to the shoes ms[ruafeni asrptutgagur S and tht3yt severally
<br />the nrirl iRitrrttrtcnr to be tht?1r r-•tunt~y act snd died. = .
<br />NtiTNt mg ia~1-arrd Nr"rtarvN Seat ibe date afarasaul. - "~
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