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<br />Mt)R"CL iAG'E
<br />-^---- ~ .~ tORTrACE LOAN NO. L 23 , ~ ~ i
<br />KNOW ALL MEN BY THESEPRESEN'I'S:That Stanley B. 6arris, Jr. and Mary M. 6arris, each in his
<br />and her own right, and as spouse of each other
<br />------Mortgagor, wheiber one ar mare, in consideration of the sum of
<br />Forty Thousand Four Hundred and No/100------- ----------------- ----- ~~~
<br />loaned to said mortgs~r by The Equitable Building and Laan Associatxin of Grand Island, Nebraska, Mortgagee, upon '40 shares of stock of
<br />said ASSOCIATION, Certi6nte No. L 23, 57i , do hereby grant, umrey and mortgage unw the said ASSOCIATION tfre foibwias
<br />described real e#ate, situated in Hall County, Nebraska:
<br />LOT THIRTY FIVE (35) IN CASTLE ESTATES
<br />SUBDIVISION, HALL COUNTY, NEBRASKA
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, includirtg attached floor mverirtgs, all window srscens,
<br />window shades, blinds, storm windows, awnings. heating, air conditioning, and plumbing and water equipmertt and accessories thereto,pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter at[adted {o or used in connection with ttid rest estate.
<br />And whereas [he said morigagor has agreed and does hereby agree that the mortgagor shall and wal pay av taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured tite:ebv before the same shah become delinquent; to fumisf[ appreved
<br />insurance upon [he buildings on said premises situate[tin rite sum of b 4D , 46D . D0 payable [o said ASSOCIATION and to deliver to said
<br />ASSOCIATION 4he policies for said insurance; and Hari 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 rrtortgage or the band xcured hereby, the rrtortgager: shah,
<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 all the rents, revenues and income [o be derived Pram the mortpged premises daring such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shah have the power to appoint any agent or agents it may desire for the purpose of repairtag said premises attd renting
<br />the same and coBectirrg the rents, revenues and income, and ii may pay out of said income a6 expenses of repairing said premises and necesary
<br />commissions sad expenses incurred in renting and managing the snare and of collecting rentals therefrom; the balattee remaining, $ any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights oi' the mortgagee may be exercised at any tune during [he exisieace of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said Ioan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in thr. Bond secured hereby as interest and prircipal on said loan, on or before
<br />the Twentieth day o(each and erery rnoneh, until said tear. is fully paid; pav all taxes and assessrneau kvkd against said premises and on the Martgage
<br />and the Bond secured thereby, befare delinquency ;furnish approred instrance upon the buildings thereon in iha sum of S 4Q s4QQ• QQ ~va¢}~
<br />-to said nSSOCIATION; repay to said ASSOf'[ATifl(v upon demand all [Honey by it paid far such taxes, assessments and insurance. with ®tetxst at
<br />the maximum legal ra{e thPr~n fram .tale of payttxnt a!1 of whh:h Marigagoz hereby agrees to pay; pertttii as waste oasaidpre;keep arm zaarpty
<br />with alt the agreesiteats and conditions of the Band far 3 4D , 400. DD this day given by 4he said Mortgagorto said ASSOCIATION; and campy-
<br />with aft the requirements of the Constitution and By-Laws of said ASSOCIATION; then these prese»ts shall bernme null and wid, otherwise they
<br />shag remain in toll force and may br foreclosed at the option of the said ASSOCIATION after failure Cor true months to make any of said
<br />payments or be three months in arrests in making said monthly payments, or [o keep and comply wr[h the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiw~r appain{ed forthwith in such foredosare proceedings.
<br />tf there is any Change in ownership o[ the real estate mortgaged herein, by sale or otherwise, then the entire remaining ir~ebtedness hereby
<br />secured shall, at the option of The Equitable Building and Laan Association of Crand 1s1and,Nebraska,bemme immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any ether bond for any additional advances [Wade thereunder, shah, from the
<br />date of exercise of said option, bear intaresE at the maximum legal rate, and this mortgage may then be foredosed to satisfy the amaunt due on said
<br />bond,and any other bond for additional advances, together with all sums paid by said The Equitable Building artd Loan Association of Craad islmd,
<br />Nebraska far insurance, taxes and assessments, and abstracting extension charges, with interest thereon, Crom date of payment at the maximum
<br />legal rate.
<br />As provided in thx Bond secured hereby, while this mortgage remains in effect the tnorigagee may hereafter advance additronal stmn to the
<br />makers of said tlond, their assigns or successars in interest, whicfi sums shall be within the security of this tttorigage the sartte as the funds origiaslty
<br />secured thereby, the to*.al amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Hated In;a 4th da f _~ October A. a., t9 79
<br />Stanley B. 6arris, J 1'{~ J ,~ ~ f
<br />~`~~
<br />Mary M. 6arris
<br />-STATE OF NBB1tASY,A, ~. On this da of
<br />efluNTY op tIALL ~ 4th y October 1979 ,before me,
<br />the undersigned, a Notary Pub&c in and far said County, personally ame
<br />Stanley B. 6arris, Jr. and rris, each in his and her ownw~ight, an~>~~ast~tt°of
<br />each other ~ L• cg~_, t , are
<br />me to be tlx identical person 5 b E ~~9 ' • ixed to the above instrument as uto
<br />~~ rtgagar s ana they ~~r
<br />arkaowledgzd the said instrument to ° :t~121¢r vr'n ta~tr j~ r' t and deed.
<br />WITNECS my d ~ Ry,`;.t~a afa. ~~ y~,~y~~ ~~
<br />My Coruttisffion e ~y ~ /rc-r~'-r~'-~s7 ~1 l f f %~"~~
<br />• ~ ,.~r, ° Notary Public
<br />14^ '
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