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<br />MOxTGAGE LOAN No. L 2350-#
<br />icNtswALLM~ivsvTtiFSeraFS~°fs:~fha[ Sharon Kay Teets, an un-remarried person
<br />hiongaBor, whether o~ or more, in cansideratirfa of the sure of
<br />ThSr#y-Thr~ye Thousand Two Hundred and No/100------------------------------------- m~~
<br />leaned to seal a[ortgagar by The Equitable Building and Loan Assocaatian of Grand island, Nebraska, Mortgagce, upon 332 shares of stock of
<br />aid ASSOCIATION, Ctrtifirxrc No. L 235QQ , do Hereby grant, convey and mortgage uato the said ASSOCIATION the foilowitrg
<br />desrrtlsed r~l estate, siiwied in HaB County, Hales:
<br />LOT TEt~ (10) IN BLOCK n~dELVE (12) IN COLLEDE
<br />ADDITION TO 6lEST LA4•!N, CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />together with all the tenemenes, hereditament: and appurtenances thereunto belonging, including attached floor coverings, all window ascent,
<br />window shades, bonds, storm windows, awnings, heating, au rnnditioning, and plumbing and water equipment srni accessories thercto,ptvaps,stoves,
<br />refrigerators, and other fixtures an6 equipment sow or hereafter attached to or used ir. cronnectian with said real estate.
<br />Aced whereas the said tnartgagor has agreed and does hereby agree that the mortgagor shall and will pay sli taxes sad asaeasroenta levied or
<br />ssxesaed upon said grcrnises and upon this mortgage and the toad xcured thereby before tix same stall becoax deliagtrent; to furnish apprcwd
<br />;nen.ance upw[ the buitdi~s oa said premises situated in the sum of S 33, 2DD. OD payable to ss~ ASSOCIATION and to deliver to acid
<br />. ASSOCIATION the policies for said insurance; and not to commit ox permik any waste on or about said premises;
<br />In core of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee snail,
<br />on demand, be entitled io immediate possession of the mortgaged premises and the mortgagor itcreby assigns, transfers arsd sits over to the
<br />mortgagee aB fire rents, revenues and income to be derived feom the ranrtgaged premises during such lime as the mortgage indebtedness sl[sll remain
<br />unpaid; and the mortgagee shag have the power to appoint any agent or agents it may desire for the purpose of repaving Laid premises and renting
<br />the same and colleting the rents, reven[res and incortre, and it may pay aut of said income aB expenses of repairing said premises and nets;auy
<br />commissions sad expenses incurred in renting and managing the same and of collecting rentals ttxrcfrom; the balance remaining, if any, to be
<br />applied towed the discharge of said atortgage indebtedness; these rights of the mortgagee may be exercind at any time during the ezistence of such
<br />def'a!~lt, irte[gteekive of any teatpetary waiter of the same.
<br />~ Fr-ttts. iros~~ser, are app tip Condition, i hat if the said Mortgagor shalt ropey said town on rsr befaae the ataturiiy of said shares by
<br />gsyrnent; pay monthly to raid ASSOCIATION of the sum specified in the Bond secured hereby as interest and prindpnd oa said roan, on or befaae
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assesstaents levied against mid premises and oa the MottBaga
<br />sad tine Bend secured thereby, before delinquency; famish approred insurnnce upon the buildings ti[ersan in i~ sort! of 533, ZQQ. j}Q payable
<br />:.. --~ A~""`e'["O ~' r=may to tic' P=.ie;~'iATiOF! uperz aemaad alt r[rrttey by it paid for tacit [;.het, sssc~utents amt ins[rranc~ ~t~itir brk at
<br />the maximum kgal.rale thereon from date of payment all of which Mortgagor hereby agrees to pa_v; permit no waste oa said pre~sea;lseep ands®niy
<br />wiih all the agreements and conditions of the Bond fors 33, 2DD. DD this day given by the said Morta~gor to !~4SCtCiAI1t?rt, and s._~y
<br />wdth zit the regtniremcnts of the Constitution and By-taws of said ASSOCIATION; then these presents shall become nuB s~ void, otherwix they
<br />ahsB remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months io make any of said
<br />payments or be threw months in arrears in making said monthly payments, or to keep and wmpty with the agreetrsents and conditions of acid Bond;
<br />sad Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwix, then thz entire reroaiaing irtdebtedrresa hereby
<br />setatred shall, at Ilse option of The Equitable Building and Loan Assaciat~rs of Grand island, Nebraska, become imrtscdiately due and paytsbte without
<br />further rwtice, and the amount rrmuning due under said bond, and any other bond for any additional advatxes made thereunder, ahsB, from the
<br />data of exer~e of said option, bear interest a[ the maximum legal nte, and this mortgage may thrn 6e foret9oaed to satisfy th; amount due at sad
<br />hoed, and arty otter tx~d for additmnal advances, together with all sums paid by said The Equitable Budding and Loan Assoaation of Graff Indeed,
<br />Neixaska for issa[rarta, lanes and asseuntenta, arsd abstracting extension citargt~s, with interest thereon, from date of payment at the maximum
<br />fGgal rate.
<br />Ace provided in the Bond sertrred hereby, wh8e this mortgage remains in effect the mortgagee may hereafter advance additional snorts to the
<br />nnitara of slid Bond, their aasi~u err auccexsors in interest, which sums shall be within [lx security of this mortgage the aatrte as the 4mds originally
<br />se~ired thetttby, the toW amount of principal debt slot io exceed at any rims the anginal amount of this rrwrtgage.
<br />Uat~i riot 3 ~ j day of ; AUg U S t A. D., 19 T 9
<br />Shen Kay Teets
<br />S1'A'I~: (?F NEaxASxA, ~. cln thin 3rd
<br />CfHiIY!'Y OF HA1,I.
<br />S#laron Kay Teets, an un-remdr ,
<br />~.
<br />,ue to be the identical person whale -'~~<-~°-•„.
<br />ackmwkdged the mid instrument m be ~ : '~ ~ vmlunt~y
<br />•~~
<br />lY{TNESS my head and ~' ~ S~Bt sfior
<br />My Comm~ion expges ~~~>.~ mss; _ ~ _ .~_
<br />.?,~ s~ -
<br />dayot August 1979 ,before me,
<br />i>x tnndersigr~d, a Notary Ps~Bc in and for said Counnty, personally came
<br />who 1 s peraottaBy known to
<br />to the above instnttrlent as mortgagor and she itd4%dfl~it
<br />~~-:!vine'? t~~~G9%i.LGl~
<br />Notary Public
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