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<br />MOI2TGAa`IE
<br />~tttxte,,^„LLt;A,*t>tif;.L 23,54,, F1GIC
<br />[Qaow ALLMEN By T11ESf. PRI•:SE*sTS: chat Tracy D. Webb and Martha Webb, each i n his and her own
<br />right, and as spouse ofi each other
<br />Mortgagor, r*hetber one yr more, in mnsideratirm of the svm of
<br />Twenty-eight Thousand Three hundred and No/IOQ--_--------------------------------- lx;tLA>zs
<br />kaaned to said mortgagor by "fhe Equitable Burldirtg and Lvan Association aC frond Island, Nebraska, Mortgagee, upon L$3 shares of stock of
<br />said ASSOCIATION, Certifcate Nv. L 23,643 ~~iydo hereby grant, rnnw_y and mortgage unto tht said ASSOCIATION the faikswing
<br />ilescrrizd real state, situated in Bail County, Nebraska:
<br />THE NORTHERLY SIXTY-SiX (66`} FEET OF LOT SIX
<br />(6}, BLOCK ELEVEN (71}, IN CLAUSSEN COUNTRY
<br />VIEW ADDITION, AN ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all [he tenements, hereditaments and appurtenances thereunto belonging, incivdirtg attached floor coverings, ail window sQeens,
<br />window shades, blinds, storm windows, awnings, heating, air wnditianing,and plumbing and waterequipttxrtt and acs;essories ttcercto,pumps,stoves,
<br />refrigcrafors, and other fixtures and equipment nvw ar hereafter attached to or trsed in cannectio:-with said real estate,
<br />And whereas the said mortgagor has agreed and does hereby agree that the nturtgagar shall and will gay all taxes and as~~rnts levied or
<br />assessed upoa said premises and upon this mortgage and the band secured there before Lhe sarrte shall berorste delinquent; to furnish appritted
<br />.insurance upon the buildings on said premises situated-in the sum of $ 2$ , 300 ~0 payable to said ASSOC'IAT[ON and to deliver to said
<br />'ASSOCIATION the policies for said in'Irrance; and not to commit ar permit any waste on ox about said premises;
<br />In case of default in the perfocmance of any of the terms and conditions of this mortgage or the bond secured hereby, the ntortgagte shah,
<br />on demand, be emitted W immediate passesaion of the mortgaged prerrtises and the rtarrtgagor hereby assigns, transfers and sits over to the
<br />rttartgagee all the ren€s, revenues and income io be derived from the mortgaged premises during such time as the mortgage indebtedness shall reawm
<br />unpaid; and [he rarrtgagee shall have the power to appoint any agent or agents ft may desire for the purpose of repairing said prentses aril tenting
<br />the same and collecting the rents, reventes and income, and it may pay out of said incorrre all expenses of repairing said premises and tiecess:rry
<br />camrrrissiotts and expeaws incurred in renting and managing the same and of collediug rentals therefrom; the balance remaining, if any, to be
<br />applied toward the disr}targe of said mortgage indebtedness: these rights of the mortgagee may be exercised at any tires during [he eaisteace of arch
<br />dtfanlt, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan, on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum spot#fied in the Band secured hereby as interest and principal on sad man, on ar bffors
<br />the Twentieth rlaY of each and every month, unlit said loan is fully paid; pay all taxes aad assessmenks levied against said pre=_~s and tn! ih~ Mortga(,s
<br />oral the $ond sztvred theceGy, before delinquenrp; furnish approvei€ insurance upon rite build:na_` thereon in the strm of $ 2$ , 3~(l, (}~ ~yahk
<br />to said ASSC7 IAT ION; repay to said AuSOi'IA~O?Y upon demand all rmxtey by it paid for such taxes, a~~++is arul insurance with inter>~ at
<br />the maximum ~II At role s=beroa^ from da~. <~f ,:,.y .._... sit of which .Y.aha,~,or he;ebv agrees tv pay psr~it,.~., .,asteaa ss~ prEm-tom; 4e~ ~ndeatvs
<br />!z:th-gall the ogre€tttzttts art! ~tttditions } il~.:: Ba:sd far 3 2$ , $(j©. (}(3i rsis ::.~y gi.°ert by tfte mid "..fot~agur to said A~asOCfATIfiN, and +xitrrpiy
<br />wi€h ail the rcquirernents of the Constitution and ey-Laws of said ASSOCIATION; then these presents shall become null aad void, otherwise they
<br />shall rearain in fu6 farce and may be foreclosed at the option of the sand ASSOCIATION after failure Car three months to make any of said
<br />peytnen[s or be three months in arrears in nrakirg said monthly payments, or tv keep and comply with the agreerttents and conditions of said Bond;
<br />artd Mortgagor agrees to have a receiver appointed fartltwith in such foreelosmc proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shah, at the option of The [•.quitable Btrdding and Loan Association of Grand Island, Nebraska become imrcediatety due and payable without
<br />further notice, and [he anx~unt remaining due under said band, and arry other band for any additional advances made therctmder, shall, from the
<br />date oC exercise of said option, bear interest at the maximum legal rate, and this mortgage may than be foreclosed to satisfy the amount due on said
<br />bond,and any other bond for additional advances, together with al} corm paid by said The l:gtritablt Btuldirtg and Loan Association oCGraad Ishaad,
<br />Nebraska far insurance, taxes and assessrrtcats, and abstracting extension charges, with interest thereon, from dart of payment at the maximum
<br />~ ~2e.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the nxxtgagee may hercaftu advance additional sums to the
<br />makers of said Bond, their assigns or succeswrs in interest, which sums shall b< within the security of this mortgage the carne as the funds originally
<br />secured thereby, the total amount of principal debt oat to exceed at any time the original amount of this mortgage,
<br />sated this ~ say of November A, n., 1<; 79
<br />r~.
<br />Martha Webb
<br />STATE OF NEBRASKA, ss O•.t this 28th day of November lQ79 ,before nte,
<br />COITAr'!'Y OF HALL
<br />Tracy D, Webb and Martha Webb, e~, nc
<br /> P4 Ah'~'
<br />me let be the identical person g whose ~~~ E
<br />atdcrtowiedged the said instrument to be 't~ ~ol~~t~ I
<br />WITNESS my hand and Na ~ tM6~"!;
<br />My Commission expires f~' FXPluES
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<br />the nndersigrted, a Notary Public is and for said County, perarnally same
<br />her own right, and asho pou$e of eac y~ta nice
<br />are
<br />above instrument as mortgagor 5 and they severally
<br />Notary IStbtie
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