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<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 2343D
<br />KNOW ALL MEN BY THESE PRESENTS: That $COtt A. Welk and Patricia S. Welk, edCh 1n h1S rind
<br />her own right and as spouse of each other
<br />Mortgagor, whether one or more, in consideration of Lhe sum of
<br />Thirty One Thousand Twa Hundred and No/100----------------------------------- _----z>oLLARs
<br />loaned to said mortgagor by The Equitable $uilding and Loan Association of Grand Island, Nebraska, mortgagee, upon 312 shares of stock of
<br />said ASSOCIATION. Certificate No. L 2$4$0 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall Cotmty, Nebraska:
<br />LOT EIGHT (8) TN BLOCK SIX (F) IN GILBERT'S
<br />SECOND ADDITION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appunenances thereunto belonging, including attached t7oor coverings, all window sttcens,
<br />window shadts, blinds, storm w4adaws, awnings, heating, aiz corditianir:g,snd plumbing and water equipment and acxssaries ihtrtto, pumps, stoves,
<br />refrigerators, and other fixtures and equipmtnt now or hertafter attached to or used in ~ronnectian with said real estate.
<br />Arid whucas the said mortgagor has agretd and does hereby agree that the mortgagor shall and will pay alt texas and assessments levied of
<br />assessed upon said premises and upon this mortgage and the ba.^.d secured therthy before tht saint shall become delinquent; to ftur..ish approved
<br />ittsurana upon the buildings on said pretttists situated~in the sum of 3 31, 2D0. DO payable to said ASSOCIATION and to ddirtr to said
<br />ASSOCLATION the policies for said insurance: and not io commit or ptrmit any waste on or about said premises:
<br />In nee of aefauh in the performance of any of the terms and conditions of this mortgage ar the bond secured hereby, the mottgagee xha11,
<br />an demand, be entitled to immrdaate posussion of the mortgaged premises and the tnartgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues amt income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the tortgagee shaii have the power *.a appoint any agent or agtnts it may desire for the purpose of rspairirtg said premixs and renting
<br />!hc sure and coBeaiag the rents, revtnrres and income, and it may pay out of said iacomt aU expenses of repairing said prsmites and necessary
<br />mmrmssioas acrd exptttses incurred in renting sn3 managing tht same and of collecting rentals therefrom; the ba}aace remaining, if any, to be
<br />applied toward the ?ischarge of said mactgage indebtedness: these rights of the mortgagee mar br extrcised at any tittle during the existence of sttdt
<br />dsfaalt, irrrspectiv¢ of any tempararr waiver of the same.
<br />Thtse Presents. hawertt, arc upon the Condition, That if tht sand Mortgagor shall repay said loan an or betore the maturity of said shoes by
<br />payment; pay trxmitily to said ASSOCU4TION of the sum specified in the Band secured hereby as interest and principal on said Man, on or before
<br />the Twentieth day of each and tvery rr xrth, until said loan is fully paid: pay all taxes and assessrntnts kvitd against said premises and on this Mortgage
<br />sari ~ Bend secaaed thereby, before dslirigttencv: famish approved ni~urnnce open tht hidings t_hersan i_n the Aim of 5 3I , 200.OD payable
<br />to said ASSOCIATIOA: repay to said ASSOCL4T[ON open dtmard aL` trwrtzy b} it paid far such taxes, sssessmtats and iastuana with interest at
<br />the ttsaxitnttm Iegai rate thereon from date of payment all of which Mottgagor hereby agttss to pay: ptrmii na wash en said pretnises:kesp and comply
<br />with a$ flee agrteaxats and conditions of the $ond far 5 3I ZOD. DO ?his clay givtn by tht said 4tartgagar to said ASSOCIATION, and comply
<br />with a$ the requirttt+eris of the Constitution and Sy-Laws ot'said ASSOCIATION: ehtn these prrsents shall become null and wid, otherwise thry
<br />sita$ remain in full force and may be foreclosed at the option of the said ASSOCtAT10\ afar failure fat three months to make any of said
<br />paystenrs ar be throe rrtortths in arrears in making said monthly paymtnts, or to kcep a*,d comply with the agrermtnts and Conditions of said Bond;
<br />and Mortgagor agrtes to havrc a receiver appainttd forthwith in such forrMsure proctsdings.
<br />If them rs env Change io ownership of the real estatt mortgagtd herein, by sak or otherwise, then the entire remaining indebtedness hereby
<br />arcttrect sbaL'_ at the apiion otThe Equiubk $utlairtg and Loan Asr~iatian o(Grand Island,Ncbrsska,becomc imntediate]y dtu and ~yabk without
<br />ftmaer twtice, and the amount reraazniitg due imdtr sand bond, and any other bond fat any additMna3 advances rnads thereunder, shall, from the
<br />date of ezercx~e of satti aptian, bear inters at the maximum legal tau. and this mortgagt may then bs fortcloaed to satisfy iite amount dot on said
<br />bttnd,and airy ether bond for a~itiomi advattcts, togtther with ail suttts paid by said The £quaabk $tulding and Loan Association of Gland island,
<br />irebradta for iDhrrraaa, taxes sad asstssrrrents, and abstractittg exisnsian charges, with interest thereon, from date of payment at the maximum
<br />iepl rate.
<br />As provided in the Band secured hereby, wRn`lr this mongage remains in effect the mortgages may hereafter advance additional sums to the
<br />taaicets of said Band. ilxir sasfgns ar sts-ors in Interco, whi-;Jt sums sleet] bt within the security of this mortgage t_he same as the funds origina$y
<br />ses~dthett#ry, the total~smouni of princpal debt Cwt to raceed at aRy titx ilrc ariginai arnotmt of this mottgage.
<br />t-frd?ih3~d~iria~~ ~ ai stay .4. D., 19~g
<br />`~ a ~ lA .li
<br />a fi a't~.- -~-"~.
<br />`sr~ axe,., as on this
<br />`rYCi;~l~,u.~.
<br />:,.Scott R. DIe1k ate! Patricia,
<br />_-.each #~€ his and `#~ ts~m right- a~ as
<br />22nd day of Mdy
<br />19 7g ,before me,
<br />rite ttndersigtted, a Notary Public itt and fat said County. perwnally carne
<br />spouse of each- other who are personally known to
<br />tae W bit the identixsl perawt S wht~ taste 5 are affixes to the above instrument as mortgagor 5 and they severally
<br />tae. lain! ierftrtnaent to ae their wttmsary act and sees. •
<br />my band a~ woisrol Seal the date aforesaid. ~ ~,~ I
<br />My Cattattimiott expitts ~ . ~ ~~/rte
<br />_ ///~~
<br />t~~ /may ~ 1 Notary Public
<br />st-sat 61 NERAi. NOTARY - Stara vt Nrbr.
<br />JAAt; 5 .1. CLSOP!
<br />MY Comm. Esp. Noc. 12, T9?9
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