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<br />MORTGAGE. __
<br />MORTGAGE LOAN NO. L Z ~5~ 7
<br />KNOW ALL MEN BY THESE PRESENTS:Tnat $tudrt V. Mott and Nancy L. Mott, each in his and her
<br />own right and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Sixty-Seven Thousand Two Hundred and Noj100------------------------------------ ~~~
<br />loaned to said mortgagor by The Equitable Building and Loxn Association of Grand Island, Nebraska, Mortgagee, upon 672 sheets of stock of
<br />said ASStxIAT1DN, Certificate No. L Z3§~ 7 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Halt County, Nebraska:
<br />LOT THIRTY-EIGHT (36), WESTERN HEIGHTS
<br />THIRD SUBDIVISIOt^l, HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditamen[s and appurtenances thereunto brlon;ing, inetuding at[aclted Hoot coverhtgs, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, staves,
<br />rttrigtrators, and .thee xtnres and tquipmtn€ now or hereafter attached to or used in connection with said real estate.
<br />And whereas t}te said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and open this mortgage and the bond secured thereb ' before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S f>7,20Q. ~0 payable to said ASSOCIATION and to delaser to said
<br />ASSOCIATION the policies for said insuzance; and not to commit or permit any waste on or about said premises;
<br />In case of default in the performance of any of the terms and conditions of this mortgage or she bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor herrb}' assigns, transfers and sets over to the
<br />nwrtgagee alt the [ants, revenues and income to be derived from the mortgaged premises during such flint as the mortgage indebtedness shall remain
<br />unpaid: end the ntorrgagee shall have the power to appoint any agent ar agents it may desire fur the purpose of sparring said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />contntissions and exp<nses incurred in renting and rnansging the same and of collecting rrntats therefrom; the balance rmaintng, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exereistd at any titnt during the existence of such
<br />dttautl,tr(CSnellt\'t f,l anY ICI1rpVla,y xe,.c, „i rates aalii:- i,~
<br />TI!_tst Pre~*nts, ttrrwtkY2=art Strx]n tHt Cundnton, Thar tt the slid Mr:rtgaQor shall [spay said loan cn r*r betr~re the marrtrity of sa2d lhartt by
<br />pavrnent; pay ;mmrhly to said ASSS(_}CIATION ut the sum .specified in the llund secured herelzy as interest and principal oa said loan, on nr before
<br />the Twentixth day of rash and ever} tree+nt}t, until said loan is fatly paid; pay all taxes and assessments levied against said promises and on this Mortgage
<br />earl the Bread srcttred thereby, Ficfure delinquency; f urorsn approved irtsuratter upUn the? budditeits thet~ru in EHe stem of 5 ~7 } ~(j(}, (jQ pay~6k
<br />W said ASSOCTATI()N rena}~ w said ASSOCIATION upon demand ati nxtney 6y it paid i'az such texts, assessments and irlsutanct with uttertsd aE
<br />the maximum ltgat err tfirez,a fn,m 3atr o€ payment all of wh,cfi Mortgagtrr fiereby egrets to pay: permii no waste on sai3 premiers; keep and r:>3ntpiy
<br />with alt the agrtz~,tnts and r ndite .ns „f tHr Bu-t,t for 5~7+~C'Q ~ ~ this da}' givzn Hy the id Mortgagor to said ASSOCIATION, and c~rmpiy
<br />with all the trgtrire*.nenfis ai tHz ~ z.nstieation and Br •Laws of said ASSOCIATION, than these presents snatl 6ecomt null and veld, otherwise the}°
<br />shall remain in loft iorct and may )x foreclosed at the option of the said ASSOCtA'EION after failure for three rnimths to tnakt any of said
<br />payntentx ur tee three nwnths in arrears to making said mwuhl_v payatents, or to keep and comply wrth the agreeutents attd conditions of said titmd;
<br />and Mortgagrx agrees to have a reieiver appuuned t'urthwllh m such foreclosure pructedtngs.
<br />tf theta is any ctlangr ut uwnerstup of the real estate mortgaged herein, by sale ur otherwise, then the entire remaining indebtadtttss hereby
<br />secwrd shalt, at the option of The E:quitttbk Building and Luan Aswciation of CranJ ltland, Nebraska, become immediately due and payable without
<br />further notice, and the amount eernaining due under said band, and any otHer bond for anY additional advances made thereunder, shag, from ttw
<br />date of txercise of said option, bear interest at the maximum legal rate, and this mortgage ntn}' then ba foreclosed to satisfy the amount dot on said
<br />bond, acrd any other bond t'ot additional advances, together with ail sans& paid by said Tex Equitable Euildin$ and Loan Association of fratsd Island,
<br />Nebraska for insurance, loxes and asstssnxnts, and abstracting extension charges, with interest thereon, from daft of payttxnt sr the rruximurr.
<br />legal raft.
<br />As rovided in the Bund secured Hereby, while this mortgage retrains in effect the mortgagee tiny hereaCtar advance additonal sums to the
<br />matters of said Bond, thzir assigns or successors in interest, wnicn sums shall be within the security of this mortgage the sattx as the funds nrlgtna[iy
<br />secured thereby, the total amount of prfnFipal debt not to exceed at any time the original amount of this tttortgage-
<br />t3attd tlds ~1 St dn} of August A- 0., le 79
<br />li~ ._._._____._._.,.
<br />Nancy I_.~ttt ~
<br />SfATBOFN@BkASKA,~~. Onth~s ~15t day of August 1v 39 ,beCorema,
<br />COi~"i O)' HALL
<br />$tllart V. Mott and NdnGy L. Mott, the undersigned, a Notary Fublic in and fur said County, personally came
<br />each 1n his and her t»rn right and as spouse of each other, woo are perwnallyknownto
<br />- ?t~~.,
<br />rite W ba the identical person S w ~1~ ~ affixed to the about instrument as mortgagor S and they savtraliy
<br />acknowledged the said instrument to be ~$. ! : B ~'^ _ act and deed.
<br />WITNESS my Hand q~8d Seat i~ttrzfat~ said.
<br />My Commission ex~ta~ ~~ ~:~ . ~,
<br />~. ~ ~~~
<br />~~ -" ~ ~~ ~ '- - ~ ~ _ `i Notary Public
<br />a•t-eat xt ~,`~~ -
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