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<br />MOIC?'GAGE
<br />- - - - - MoItTGAGELOAxNO. ~- 23,531
<br />IcelowALLMENBYTIIESEpRESENTS:Tttat Donald C. Whetstone, a single person
<br />----- Mortgagor, whether one or more, in consideration of the Sam of
<br />Sixty-one Thousand and No/i00----------------- ----------------------____-- vou.Alts
<br />barred to said mortgagor by The Equitable Sodding and Loan Association of Grand Island, Nebraska, Mortgagee, upon 61 Q shoes of stodr of
<br />said ASSOCIATION, Certificate No. L 23,631 , do hereby grant, convey and mortgage unto the said ASSOCIATION the follmrirrg
<br />described real estate, situated in Nat! County, Nebraska:
<br />LOT SEVENTEEN (17), It1 BLOCK TWO (2) IN BRENTWOOD SECOND
<br />SUBDIVISION IN THE CITY OF GRAND ISLAND, NEBRASKA.
<br />tt>iethcr with all the tenements, hereditaments and appurtenances thereunto lselortging, including attached fkror coveringt, a6 window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and ptmnbing and ~: a[er equipment and accessories thereto, purrges, stoves,
<br />refrigerators, and ot}r:r fixtures and equipment row or hereafter attached to or used in cronneclion with said real estate.
<br />And whereas the said mortgagor has agreed and does heresy agree that the mortgagor shat! and will pay aU taxes and as~ssments kvkd or
<br />acsasaed upon said premises and upon this mortgage and the bond secured thereby before the same strata became delinquent; to ftrrn%sh approved
<br />insurarnce upon the buildings on said premises situated-in [he sum of S 61 QQQ. QQ payable to said ASSOCI4TION and [a detivtt to said
<br />ASSOCIATION the policies for said insurance; and no[ to commit or permit any waste an or abtrut said premises;
<br />In case of default N the performance of any of the terms and conditions of this irurrtgage or the bond secured hereby, the mortgagee shalt,
<br />on deroarid, bs entitled to immediate p<rssession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />rortgagee all the rents, retinues and income to be derived tram the mortgaged premises during such time as the mortgage indebtedness site!! remain
<br />unpaid; and zhe mortgagee shad have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said income a6 expenses of repairing said promises and necessary
<br />commissions and expenses incucred ta renting and managing the same and oC collecting rentals therefrom; the balance romaining, if any, to be
<br />applied reward the discharge of said mortgage indebtedness, these rights of the mortgagee may be exerc;cxt at any time doting the existence of welt
<br />default, irrespective of any iemporary• waiver of the saute.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the inattrrlty of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bonti secured hereby as interest and principal on said loan, on or before
<br />the Twentieth clay of each and exry rnanzh, until sold lean is fuLy paid; rnry a!! Lases and assessments kvred against said premises and an [ham Mortgage
<br />sod the Bond secured thereby, before delinquency; furnish approved insurance upon Rho buildings tlr_rean k the sum of S bi , QQO. DO payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand a!1 rnaney by it paid for such tales, assessments and insurance with interact at
<br />iFn saximnr## gat rats ihsre._.n f ~,at date of paysr-ant all of which t14or€gagor hereby agrees to pay; prrrnit ritr waixeon said prat;dars;k~p ard.antpr~r
<br />w~ib ~!l the agreettrettts and cattditians of the Bond tars b i , ~}(}(}. (}(}-this day given try the said Mortgagor to said ASSOCIATION, and comp.;
<br />with all the reouirements of the Constitution and By-Laws of said ASSOf1ATIUN; then these presents shall become null and wid, otherwise they
<br />shall remain in fuU forrx and may be foreclosed at the uptian of the said ASSOCIATION after failure far three ttronths to make any of said
<br />payments or be these months in arrears in making said monthly payments, or to keep and comply with the agreements and coudiiiW#s of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedir~s.
<br />if there is any ehange ta ownership of the real estate mortgaged heroin, by sale or otherwise, then the entire rorrrairrirtg indebtednux hereby
<br />secured shall, at the uptian of The Equitable Building and Loan Association of Grand Island, Nebraska, become itmrrediately due and payable without
<br />further notice, and the aninunt remaining due under said bond, and any other bond for an5~ additional advances made therounder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage ntay then 6e foreclosed to satisfy the atncrunt due on said
<br />bond,and arty other bond fo: additions! advances, together with all sums paid by said The Equitxbk Builditg and Loan Association of Grarul Island,
<br />Nebraska far insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at ihr «uxunum
<br />legal rte.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additi~al sums to the
<br />itiakers of said Band, their assigns or sura;eswrs in inteceat, which sums shall be within the security of this mortgage the same u the ftintis origimalty
<br />secured thereby, the total arrmunt of prin~ripal debt oat to exceed ai any time the angina! amount of this mortgage.
<br />Hated t ~ da of November A. a., !q 7g
<br />-Dona d C, Wnetstone -~~-~- {
<br />STATE OF NEBRASKA, ~ ss On this 19th day of November 19 79 , beforo me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, pcrsatially carne
<br />Donald C. Whetstone, a single persp~~~=>~~a~,,,, who is perwnallyktrownta
<br />. ~ ~~
<br />the to be the Identical person whose [tame, t S ~afl'ttcert frr h,e above Instrument as mortgagor amt he
<br />acknowledged the sa;d insttumerrt to be h i S''' _, vtilirntazy sci ana deed
<br />SvI'fNESS my bona and No'.sr~t seal the daUt a:vtisard ~
<br />My Commission expires ~~ ~ ~f `~ ~ ,L/~%Z~'--
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<br />torsxar st Notary Pu61ic
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