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MORTGAGE _ ~4 ~'- () U ~ t3 ~"
<br />~~ ` MORTGAGE LOAN NO. L 24,184
<br />KNOW ALL MF.N BY THESE. PRESENTS-That KeVln P. Masten c1I1d Carlene M. Masten, each 1St his atxi
<br />her own right and as spouse of each other, Mortgagor, whether one or mine, is conddention of the nun d
<br />~LWentlr C1f1P 'IchOUaartr3 Fives ttnc3rrx3 i3IX~.SLQfIQ.~._-"----'~-~---------°-'~_-~_~ DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loran Association of Grand Island, Nebntka, Mortgagee, upon 2],5 shares of stadtof
<br />said ASS(CIATION, Certificate No. L 24,1$4 , do hereby grant, convey and mortgage unto the acid ASSOCIATION the fdlowittg
<br />described real estate, sitmted en Hall County, Nebraska:
<br />The South Seventy Five and Eighty Five Htuldredths
<br />(75.85) feet of Lot Six (4), in Block 7Wenty Eight
<br />(28), in Russel Wheeler's ADdition to the City
<br />of Urand Zsland, Hall County, Nebraska.
<br />together with ati the tenernrms, hereditsrreents and appunenamzs thereunto belonging, mcludirtg attached floor wverings, ill window sereem,
<br />window shades, bbnds, storm windows, awnm4's, heating, ate cnndrtioning, and plunsbmg artd water equipment and accessories thereto, puttrpa, stoves,
<br />refrigerat2rs, and nLh•• fxt•_rs =_nd e~ ._.. now o* hrreat.-.. _teacf!rd t•, or ~d :.. -- -~..er!ux Witt! aid real rstat_
<br />And whereas the said rmongagor has agreed and dues hereby agree tltst the «wrtgagm shall and will pay ill taxes and smsuoenb ktded a
<br />assessed upon said premises and upon this mortgage attd the tutnd secured thereby before the same shall becotrte delinquent; to ftrrrdsh approved
<br />insurance upm the buildings un satd prenases sntuted rn the sam of S 21, 500.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies far said insurance; and not to commit m permit any waste ore or about said premfzs;
<br />In case of default m the performance of any of the terms and conditions of this mortgage ur the bond xetued hereby, the rttoetgagtt shall,
<br />un demand, be courted to rmntedmie pusresnun of the mortgaged premeses and the mortgagor hereby assiyts, trartsfen and zts over to the
<br />mortgagee ail the rents, rrrenues seed income ax be denvcd from the rrwrtpaged premists durirtg such time as the mortgage mdebtedness.slaB-retrain
<br />unpaid; and the rtwrigagee shall have tIu power w app[smt any agent or apeafs rt may desire for the purpose of repaitirtg acid premier Ind rentiarg
<br />the same and coikeYmg ttee roots, revenues and mwme, and it may pay out of said income aB expertzs of repairing acid premies and neteassry
<br />txemmissions and expenses incurred in renting and managing the same and of enikcting rennin therefrom; the baianw retraining, ff any, to be
<br />applied toward the discharge of said rmmgagc mdebtcdness; these rights of the nwrtgagee may be exercised at any titrce during the exisnnce of such
<br />default, irrespcctrve of any temporary vraivcr ui the same.
<br />"fhese Presents, huwesxr, are opera the Condition,'i`hat dthe said Mortgagor shat! repay said loan on or before the mattrrfty of said shares-by
<br />payment; pay munth3y to said AS5Cx'IATION of the sum specefied en the Itond segued hereby as tntrrest ami principal on slid loan, on or before
<br />the Tweutkt6 day of each and every nwmh, unto said loan is fully paid; pay :dt taxes and aszssrttents levied against said premizs and on this Mortgage
<br />and the Bund seemed thereby, before delmyuency; furnish approved msuranu upon the buildings thereon in the stun of 5 21 500.00 payable
<br />to aid ASS(ICiATt(Nl; repay to .vtd ASSCICtAT'IC>N spun detnartd all awnev by it oatd for such taxes, assesottents and fnar~.anx wi!h interest at
<br />the maximum regal rate thereon tnnn dais of payatem all of which Mortgagor teereby agrees to pay; permit ao waste on said premises; keep and comply
<br />with all the agreements and wndttions of the Bond Cur Y 21 50U .00 this day given by the aid Mortgagor to said ASSOCIATION, and wmply
<br />with ill the re~uirentenis of tree Cunstitutiuu and By-taws of said ASSf1CIA7'ION; then these preznts shag become null and void, otttetvsiz they
<br />shag rctnam m full force and may be 1"ureclosrd ae the opttaa of the said ASSOCIATION after failtue for thra months to make any of said
<br />paytrteats ur be throe months in arrears in nuking aid nwnthlY payments, or to keep and wmply with the agreements and conditions of said Bortd;
<br />and Mortgagor agrees to have a receiver appointed forthwith m such forectusme prooeediregs.
<br />tf there b arty cdtangr m ownership of the era! cants mortgaged herein, by sale ur otherwise, then the entire retttaining indebtedness Mreby
<br />secured stall, at tree option of Thr Equitable Building and Loan Assaciation of Grand Island, Nebraska, become immedately due and pyabk without
<br />ftuther notice, and the amount rcmxining due under aid bond, and any other bond fur any additional advances made therettttder, shall, from the
<br />date of excccise of aid uptwn, taeau interest at [he nuximmn kgil rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bcrml, amt any ether bond For additionat advances, together with ail sums paid by said The Fgtdnble Building and loan Association of Grand Island,
<br />Nebraska for ietsunrta, taxes and assrsstnents, and abstracteag exrenseon charger, with interest thereon, From date of payment at the maximum
<br />legal rxie-
<br />As ptuveaavt in tltr Bnnd secured hereby, while this mortgage rcnuins let effect the nrortgagee mxy itereaf[er advante additional sutra to the
<br />rtakers of aid Bernd, their assigns m successors in interest, which sums sha11 6e within the security of this mortgage the same as the ftmds originally
<br />secturd tteereby, the total amount of pnncipil debt rw[ to exceed at any itme [he originil amount of this mortgage.
<br />rued this Lath day of February A. o., l9 84
<br />~ ~ ~~ -~
<br />Carlerfe . `~S F.-.
<br />STATIiAE NEBRASRi, ,~. fht this 13tf1 clay of February t984 ,before me,
<br />COUN7"Y (~ HALL
<br />the undersigned, a Notary Public its and fur said County, petsanaBy came
<br />K+fwin P. Neaten anti Carlefae M. P`.astutr each in his and her cx~+rt rigt wt~aas sp~~ ~ll°~~ of
<br />otYl~ ~t
<br />..., the i-ira:'icni person a` whose nanwS aSe ariixad to the aturve rnstrutrtrnt as-ttwrtgagors and they stvenUy
<br />tak;amarkdged; #fvs and nutrarment W br their voluntary ors arw deers,
<br />WITNt:S$ my hand and Notrsftd Seale the dasc aforesaid, _
<br />My (:orsswn cxp#,ras ~t t11NiH-MaN tlMrway .- - ` ~ , ~ r ,
<br />uoa~at at r- 4MtR. [r- gtM. l.1wf Notary k
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