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<br />MORTGAGE
<br />MORTGAGE LOAN NO. L
<br />KrtiOW ALL MEN BY THESE PRESENTS: That Phl l i p A. $tebbi n5 and Barbdrd L . Stebbins, each i n hi s
<br />and her own right and as spouse of each other
<br />Mortgagor, whether one or mare, in consideration of the sum of
<br />F,~y Five Thousand Sixes{- .hndre~ and N0~`10+D------------------------------------------I~oLLARs
<br />loaned to said mortgagor by The Equitable Building and Luan Association of Grand Island, Nebraska, Mortgagee, upon 456 shares of stock of
<br />said ASSOCIATION, Certificate No. L 2352Q , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hail County, Nebraska:
<br />LOT SIX (6) IN SUNSET FIFTH SUBDIVISION, BEING A PART OF THE NORTH HALF (NZ)
<br />OF THE NORTHEAST QUARTER (NEB) OF SECTION ELEVEN (11), TOWNSHIP ELEVEN {11)
<br />NORTH, RANGE TEN (10) WEST OF THE 6th P.M., Nall County, Nebraska.
<br />together with all the ienrments, hereditaments and appurtenances thereutuo belonging, including attached flour coverings, all window screens,
<br />window shades, !:hods, star m windows, awnings, heating, air cunduiuning, and plumbing and water equipment and accessories thereto,prsmps,sloves,
<br />refrigerators, and ulhrr iixntres and equipment now or hereafter attached [o ur used m wnnrctiun with said real estate.
<br />And whereas the said mortgagor has agreed and dues hereby agree that the mortgagor shalt and wilt pay all taxes and assessrttenn levied or
<br />assessed upon said premises and upon [hie mortgage and the bond secured thereby before the same shall became delinquent; w furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 45 ~(QQ DQ payable to said ASSOCIATION and to deriver to said
<br />ASSOCIATION the policies far said insurance; and not to commit or permit any waste on or about said pramisas:
<br />[n case of default to the perturmance of any ui the terms and conditions of this rtx~ngage or the bond secured hereby, the mortgagee mall,
<br />un denraod, be entitled to immediate possession of the mortgaged prernisrs and the mortgagor he€eby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such rime as the mortgage indebtedness sha[I remain
<br />unpaid; and the mortgagee shall have flee power to appoint any agent ur agents it Wray desire for the purpose of repairing said premises and renting
<br />the same and coltecting the rents, revenues and income, and it may pay out of said income all expenxs of repairing said premises and necessary
<br />conumsswns auu exp.-r~~4~ L r-: E;Q c::! ;:~ ~ rt,r some and of wiiectina rentals theretrom; the balance remaining, if any, to be
<br />applied toward the Jisch~ior~af~said mortgage indebtednesspthesr rights of the mortgagee may be exercised at any rtrtte during sire ex;sicrr~c ~f :;,::.t
<br />default, irraspecttv-r of -env rempu€ary waiaer of the same.
<br />Tflesr Present:, hrrwcv~r, are upan rive Condition, That if the said Atartgagur shall eopay said hen un ar bcfoea the tttaturity t?f saki shags by
<br />payment; pay monthly to paid ASSiX iATION n! the sum xpecif"led in the Bond ses:urad hsreby as interest and principal on said loan, on ar tsefot~
<br />the Twentieth day u(rach sod curry nwnth, until said loan is iWly paid; pay all tuxes and assessments levied against said premises and on thin Mortgage
<br />and flee Aund srcureti [here-by, !'slate delinquency; tumtsn approved insurance upan the building;; thereon to the sum of °i gr ~fl n payab]t
<br />to said AS5tiC1ATt0 :'. ~elrav to said AS.tiOCtATt(?N ugon demand alt money by it paid tar such taxes, assessments and in itlxTAd't~terest at
<br />the maximum legal :ate thereon from date of payrcent alt of whrch Mortgagor hereby agrees to pay; permit nu waste on said grainless; keep and campiy
<br />with al! the agreements and conditions of the Bated i'or S 45 ~(}(~ (;(~~} this day given by the said Mortgagor to said ASSOCIATION, and cr?n?Ply
<br />with ati the reyuireintrn[s of tine Constitution and By-Laws ufidi A5S0C'IATION; then these pressnis shall tnecatsre null and void, otharwim that'
<br />shall amain in full tixce and nn:ry be tv?recioxod at the opuun of the said ASSOCIATION after failure fur three munrhs to make any of satd
<br />payments or be three months in arrears in snaking said nunntttiy payments, of m keep dad comply with the agroements and conditions of said Bcv€td:
<br />and Mortgagor age k•, to htrvr a tecerver appointed forthwith in such tureclusure proceedings.
<br />If than is any change in ownership of the real estate mortgaged heroin, by sale or otherwise, then rho entire remaining indsbtedrtesa hereby
<br />secured shall, at the option of The i:yuitab{e Bui}ding and Luan Association of Grand Isiand,Nsbraska,becotne immediately due andpayabk wittwut
<br />further notice, and the amount rrnraining due under said bond, and any other bond far any odditiunal advances tnade thereunder, shall, frcm the
<br />date of rxetcist of said option, bear interest at the maximum legal rate, and this mortgage rtaty then be foreclosed to satisfy the atttount due an said
<br />band, and any other bunt ter additions! advances. to{rthet with all sums paid 6t' said Tex Egrdtable Budding and Luan Aaaociatian of Grand Island,
<br />Nebraska for insuranncr, cases and assrssmrms, and abstracting extension charges, with interest thereon, from date of payment at the maximnm
<br />legal rate.
<br />As provided in the Bond secured hereby, white this mortgage remains in effect the mortgagee rttay hereafter advance additional sums to the
<br />tttakers at satd Band, ehsir assigns ut successors in interest, which sutras shall br within the security of this tttartgage the same as the funds arigtrtally
<br />secured iherrby, tiro total »rtwunt of prsrcipai debt vet to extx~d at any lilac the origins) atrraunt of this mortgage.
<br />Dated tai 22nd day of August A. D., 1x79
<br />j , t", r
<br />~ Barbara~5te -dins ~
<br />Nebraska
<br />STAT4t bF ~~~[~, ~ ~. On this 22nd day of August 19 79 , before me,
<br />COUNTY OF ~(t~.~ tisll
<br />rho undetsrgned, a Notary, Public itt and for said County, personally sins
<br />Philip A, Stebbins and Barbara L. Stebbins, each in his and her own right and as s~pgukse of
<br />each other woo are pane y nownto
<br />me to be the identical person S whose name S d re affixed to the above instt rat as mortgagor 5 and they severally
<br />acknowledged the said instrutnent to be their vohmtary act and deed, --'-"^~
<br />WITNESS my hatttt and Notaris! Saal the date aforesaid. - f "~~ ~..`' /)
<br />Aty Commission expires _ - ,,-/ -(
<br />Notary Pubnc
<br />y,,,,y fft ~ S izfti€f3RL d~tX@F. Swra ram ~ ~ -
<br />~ ~ ~eucc w Ah1t)N ~ C._.'.._---' -
<br />~tl~ Mp Comm. EeP. Neu. kiar 14?~,~
<br />.~.~atat
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