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7s- ~o3ss8
<br />MORTGAGE
<br />MORTGAGF, LOAN N0. L 23445
<br />IINOWALLMENBY'THESEPRESENTS:That Donald C. Whetstane, a unremarried person
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Six y Thousand and NO/100----------------------------------------------------------DOLLARs
<br />Loaned ta said mortgagor by The Equitable Building and Loan Aswciation of Crand Island, Nebraska, Mortgagee, upon 6~0 shares cf stock of
<br />said ASSOCIATION, Certificate No. L 23445 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Nineteen (i9), Block Faur (4), Brentwood Subdivision
<br />in the City of Grand Island, Nebraska.
<br />together with ar' the tenements, hereditaments and appurtenances thereunto belonging, including attached i7our wrerings. all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />rtfrigerafors, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and dots hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage end the bond secured thereby before the -ame shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises °ituated in the sum of S 6D,OOD, 0~ payable to raid ASSOCIATION znd to deli+tr to said
<br />ASSOCIATION the policies for said insurance; and rzot to commit or permit any waste on or about said premises;
<br />in rase of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee ail the rents, revenues and income to be derived from the mortgaged premises dining such tune as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it ma}• desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and i*. may pay out of said incomt all expenses of repairing said premises and nettssary
<br />rxitttmissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied taward the discharee of said mortgage indtbtedness; [hest rights of the mortgagee may be exercised at an}• time during the existence of such
<br />default, irrespective of any ttmporary wairer of the same.
<br />These presents, however, are upon the Condition, Thar if the said Mortgagor shall repay said loan on or beforz the maturity of said shares by
<br />payment: pay monthly io said ASSOCIATION of the sum specit3ed in the Bond secured hereby as interest and princrpal on said loan, on or before
<br />the Twentieth day of each and erery• month, until said loan is fully paid; pay aB taxes and assessments le+ied against said premises and on this Mortgage
<br />and the Sond secured thereby, before delinquency: fwnish approved insurance upon the bvudings thereon in tht sum of S 6D DDD Qf} payable
<br />to said ASSOCIATIO\; repay to szid ASSOCIATION upon demand cell mone}• 6y it paid for such taxes, assessments and msi~rance wrt interest at
<br />the rnaximrun kgai rate thereon from date of payment all of which Mortgagor hertb}~ agrees to pay; permit no waste on said premises; keep and comply
<br />with all the agreements and wnditions of the Bond for 5 6Q ~~(j, ~ this day given by the said AtorYgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By-Laws ot'said ASSOCIATION: then these presents shag become nul3 and wid, otherwise they
<br />shelf remain ta fuB fora and may be foreclosed at the opton of the said ASSOCIATION afitr failure for three months to make any of said
<br />payments or be three months ta arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Martgagur agrees to have a rtttivtr appointed forthwith in such foreclosure proceedings.
<br />If tlure is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indtbudness hereby
<br />>ecured shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable wtithout
<br />further natite, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of eserrase of said option, bear interest at tht maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due On said
<br />bond, and any other bond for addltiortal ad+antts, together with all sums paid by said The Equitable Buflding and Loan Asswciation of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bcud secured hereby, whip this mortgage rerirains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said $ond, their assigtu or sucrxssors in interest, which runts shall be within the security of this mortgage the sauce as the funds originatly
<br />sec d thereby, the total amowrt of principal debt not to extted at any time the original amount of [his rrwrtgage.
<br />~~,r' hated [hit/^ j?~;~'~ l>. 1 dune A- D.. 19 J9
<br />person)
<br />sTXTE o~ NeBRASxA, ~ ~. on this 7th
<br />couNrr of NAZI.
<br />Donald C. Whetstone, a unremarried person
<br />day of June i9~9 ,before me,
<br />the undersigned, a Notary Public in and for said County, personally wme
<br />who personally known [o
<br />ttte to be the identical person whose name affixed to the abo+~ imtrusient as mortgagor and sevetatly
<br />acknoveledged the sod rttstrumen[ to be h i S voluntary ut and deed. / ~ ''~ ~`
<br />WITNESS my hand and Natatiil Seat the date aforesaid. ,-'~~
<br />My Corrunission expires f ~• ` -
<br />~_~ m GENCRAt NOTARY .grate Ot NeM. ~~-• K Notary Public
<br />;AFAES Vi. OLSON
<br />Aiy Gomm, trp. NOV. 12, 1479
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