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<br />MORTGAGE
<br />MORTGAGE LOAN NO. ~ 23472
<br />i.~IOWALLMENBY7HESEPRFSENT5:7Tut Gerald L. Spahn and R. Jane Spahn, each in his and
<br />her own right and as spouse of each other,
<br />Mortgagor, whether one or vote, in oonddeatian of the nras of
<br />Fifteen Thousand and NoJi00----_------------------__--------'-°--"---'-'-°-----1mLLARS
<br />!oared to said mortgagor by T'he EGtutabk Budding and loan Association of Cared !stand, Nsbraska, Mortgagee, upon l 60 shares of Rock of
<br />aid ASS+DCIAT[ON, Cer[d'rate No. L 23472 , do hereby gnat, wnvcy and mortgage unto Lhe said ASSOCIATION the folbwiag
<br />desaihed mi estate, situated in Hill County, Nebraska:
<br />LOT SIXTEEN (16) IN BLOCK TWO (2), BRENTiJ00D SU8DIVISION
<br />IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />tregetber with atl the teaetnrnu, heteditame©ts and appurtenantts thereunto bebngireg, iarJeding attadeed fbor coveritrg3, all window sweats,
<br />ar®doa shads, blinds, storm windows, awttvtgs, i,satieg, a¢ conditioning, and plumbing attd water equFprornt and acceaotks tMreto. ptt>~s, storss,
<br />refriBetateus, sad otMr fxttves and egtuprexnt now a hereafter attarhsd to or used is mnm-coon with said tcai estate.
<br />And s the sax[ mortgagor has agreed and does hereby agm that the mortgagor shall and will pay a6 taws ated assestamnu kvitd or
<br />assessed npoa aid ptevsises and upon this veortgagr and the bond secured thereby before tltc saver strait berome deliraltxnt; to furnish spproved
<br />ievsaver ttpoa the buildings or. mid presnisrs situated in the sum at S l 6, OOO.OO pavabk to said ASSOCiAT10N and to delfvec to aid
<br />ASSOCIATION the pdicss Coe said '~~~*+~; and teat to comae[ x permu any wane on or about said pretises;
<br />le case of defaeth b the perfortturece of my of the terau and coeditions of ttei: ttwrtgage or the bond seausd hereby, the matpgex slmB,
<br />tin deemstd, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigtes, transfers sad seu ost:r m the
<br />morigttga aB the reau, reveates and iexome m be drtised Crom the mortgaged premesr durirtg such time as the mortgage indebterioea shall remain
<br />tsppaid; sad the mortga~ne shag base the pourer to appoint any agent <x agents it may desire for the purpose of tepaurzeg said prstnies a~ teatag
<br />tle ~e sad co6eaug the rents. reassess sad vetome, and it may pay out of said inecme all expettsa of repairietg mid ptemisrs sad eeoeavy
<br />saons anti ezpesosrs intoned is revtiag sad mansgireg flee mine and of cnikctiag rentak [hereirtxv: the bitartes sesvainirg, d arty, W br
<br />appiaed [award the discharge of said mortgage a:debtnlaes<' these rights of the ttsortgagee may be ezerdsd at any [lase during ttse eaistrnce of wdt
<br />dte~ tdt, inespeaise of un_ tersgsorsry waiver of the sarpe_
<br />Thcac Prexnis, howeser, are upon [fee Cared:teon, Ttut S the said Mortgagor shill repay said ban on pr befor rise sontmiry of mid ,[sates by
<br />paymrnt; pay moothfy to said ACSOCIA73GN of tier sum specified m the Band se:t-ured krreby as intereu sad praxip, an sod loss, an or before
<br />the'Rmstieth day of uch and eery month, unu7 sad town b Cully paid: pay aB rotas and ssseivaeats ksied against said prenuses sad m the MottgaBr
<br />std tfr Bond stxnrcd thereby, before drtioqueocy: furnssb approted insuranx upon the buiWiaas titereaa m the sum of SI 6,000. QO tnY~
<br />to ;std ASSOCIATION: repay to tad ASSOCtATtON upoe dcmued alt money try et paid far nrrle rata, asesareents and ins,aaace srish interest at
<br />rte a~mms 3egai nu tfercoa fn,m ate of prt-tncnt all of Ghisi Mart- hereby agrees to may: pezm:, re: wnzte ~ sr? per-mss: steep ~ r
<br />nqh aB the agwaenu and conditions of tie $ovd for S l 6 , 000.00 this day goers by the sari Mortgagor to mid ASSOC[ATION, arsd ~Y
<br />anth aB the requireaerets of the Constitution sad By-Laws o{ mid ASSCYi IATION: then these prssertu shag baooem nuB sad void, othersvne they
<br />shag rcma® is fuB face and may br toreebsed at the option of the sans ASSQCLetTLON a{ter taifure for three mar+ths to nrr~s asry ~' svd
<br />paymdsu or be thrtt rttonths in arrears in making sand vtotothfy paylnrrets, a w keep and mmgly wti[h the agraraeau and Cuodttioas of said Bored:
<br />and Mort~rgCx agrees to tore a rcxiver appainttd funhwrth m rn~e {~rr.-k,ssur Ps irtrs[fin~s.
<br />If there n avy dsangr d osvaersiry+af [be trot estate mtxtgagcd herein, by ak or otherwias, then the entire rrmainitg mdebtedaess hereby
<br />aeearad duH, u rite opt.iaa of The Egont:hk Buifdug uri Lawn Asmaauun aC Gnpd !stand. Nrbrz>ka: beanme immediatriy due asd pyabfe witbuot
<br />ftathrr brtice, nett the snnrmt rrt®veiag due snider mid bad, and say tartest bond for say addziioaal adrvaas made tfsesemder. s6aB. from the
<br />date of ezcdse of said option, brat interest at the trsaaamum kgd eau. and this martga~c may then be fotedwed to atisfy the ataouM dtre oa said
<br />baed,aad say otter band for aiw°i.:c--' advan¢s., to6ctt,er v.5xh aB saw paid by said The Esltdubk Bta7ding obi t.om Amriation of Grand tsLttd,
<br />~-~ for ia~mteoe, taxes sad asx:~szrst, sad aE>3Z,xcartsg rnr,,,YV: [rouges, with interest thereon, from dau of fnvmeat at the tttazitatsm
<br />~ ~-
<br />As psoviekd m the Bald severed hereby, wttitc this nsexigagr rertsauu in stirs the tvortgagee ~y terrcafta adrantx additiorul sums to the
<br />makes of said Bond, they assns cx ststrxswrs b ipterest, rhscft suss slsaB be within the security of this mortgage' the stoat u the funds origiaaBy
<br />tuned tiesrby, ebe vets! amount of ptiatipal debt nni to raoee+~t at soy time rite xigirtal utsount of this aeortgage.
<br />~ibi: 12th y<rf July A. 0.. 19 74
<br />~ t ,
<br />~,ex~~~~nahl~-
<br />-~. dJ .Mahn /'
<br />STATE OF NEBRASKA, ~ l 2 ttl J u i _y 7 9
<br />a. On this day of 19 , before me,
<br />COUNTY OF HALT..
<br />Gerald L. Spahn and R. Jane Spahn, ~~tsigoed,aNauryl~e,bficu+aaafamidcptmty.prrrnnauyamr
<br />each in his and her txyn right and as spouse of each other, wlm are petsonaIly kmwn to
<br />me to be the ide:aeitat perm s whore acmes are afTned to the abase ipst[srmsnt as mortgagor 5 sad they
<br />adtm.lr~ed the aid itffirumrmt to tx their rnhmtary act and dad. ~~ O. _..
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<br />XITNFSS mY hood std Notarial Seal the date aforesaid. ~ , %
<br />My Canm~ enprm ;~ /~ ~+i '-`_~='"`i-
<br />-~°.~i-z-rG~ ~'- -
<br />6EMERat MOIAR7! - Stpa d flak[. Notary Publrc
<br />H7L>ti t1 ~ ~~
<br />JAMfS W. OLSON
<br />!tY C_~+.~ East ±+~r-1~, ~$
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