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<br />MORTGAGE
<br />^~~ ~^ ~~~ ~ MoRTCnceLOANNO. L 23,648
<br />I~awA1.LMENBVTIt~,sErI~sENTS:That Stanley B. Garris, Jr. and Mary M, Garris, each in his
<br />and her own right, and as spouse of each other
<br />Mortgagor, whether one or more, in corrsidentian of the team of
<br />Forty-seven Thousand Two Nundred and No 101 0-----_ ----------------------- ____ ~~A~
<br />barred to said rrtortgagor by The Equitable Rvildirtg and lAan Association of Grand Island, Nebra~ca, Mortgagee, upon 472 sbazes of stock of
<br />said ASSOCIATION, Certificate No. L 23,648 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall Cotmty, Nebraska:
<br />LOT ONE {1), WESTWOOD PARK SUBDIVISION, HALL COUNTY, NEBRASKA
<br />together with ail the tenements, hereditaments and appurtenances thereunto belonging, including attached noor coverings, aB window screens,
<br />window shades, blinds, storm windows, awnings, heating, air ronditioning,and plumbing sad ws`er equiprrtent and accessories thereto, pumps, stoves,
<br />~~ refrigerators, and other fixtures and equipment now or hereaRer attached W or used in conoettion with said real estate.
<br />', And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessttteots levied ar
<br />assea~sed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved -
<br />insurance upon the bttildirtgs on said premises situated in the sum of 3 47 , 2DD. DD Payable to said ASSOCIATION and to delioer to said
<br />a ' ASSOCIATION [he policies (or said insurance; and sot ?o commit or pertntt 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 the bond secured hereby, the martypgec shall,
<br />on demand, be entitled to imatediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets otter [o the
<br />murtgagce a6 the rents, revtnues and income to be delved from the mortgaged premises during such time as the mortgage indebtedness shag remain
<br />unpaid; and the mortgagee stall bare the power to appoint any agent or agents it niay desire for the purpose of:repairing said premises and renting
<br />the same and collecting the tents, revenues and income, and it may pay out of said income all expenses of repairing said premiaea and nea:ssary -
<br />commissions and expenses incurred in renting and managing the saute and of collecting rentals therefrom; the balance remaining, if any, to t>e
<br />applied toward the discharge of said mortgage indebtedness; these rights of the tttorigagee tnay be exercised at any Htne during [he existence of such
<br />- default, irrespective of arty temporary waiver of the same. _
<br />- Thes-~ presents, irrn-rever, are upon the t'onditian, "That if the said Mortgagor shall repay said loan on or before the maturity of said charts by
<br />payment, Iraq monthly to said ASSOCIATION of the sum specified in the Band secured hereby as interest and principal on said loan, on or before
<br />tell Twentieth day of each and every month, untsl said Ioart is fully paid: pay all taxes and assessments levied against said prentistY and on this Mortg~
<br />and the Band sxured thereby, befcxt de:iaqutney: famish appeared incur°ance upon the bu8dings thereon in the gym of S ~7 , 2t~D, 0{~ p;},yabk-_ - - -
<br />tc pia i=~ef;LlATitN, rctzay to said As;,t3CIA T 3t3iti upon demand aB money ay it paid far such texas. assCSSSnartts alley insurance with utferest as
<br />~. the tnaximturt legal rate thereon frpm date of aayritent all of which Mortgagor hereby agrees tapay; perntif eta wasitott mid pretti;ktep a_r~ ~,mply -- - - - -
<br />_ ____. _~._with all the agreements and conditions of the Bandfar S 47 ,Z00.-OQ -x=his a3ay gin-by the said-+tat#gagtar to-said ASsOCIA1'iON, and comply - -.---- ---
<br />wietr al{ the rtquiretrants of the Constitution and tly-Laws of said ASS(X;IAT7ON; then these presents shag bemtne null and void, otherwise they -
<br />shall remain in full farm and tray be foreclosed at the option of the said ASSQCIATION after failure tar three ttxzaths to make any of said
<br />payments or fire three months in arrears in mskutg said monthly payments, or to keep and comply with the agroetnenis and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings,
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire rttttainiog indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Laan Association of Grand [stand, Nebraska,Ieaatrte immediately due and payable without
<br />further notice, and the amount rtntaining due under said band, and any other band for any additional advances made thereunder, shall, fmm the
<br />date of exercise of said option, bear huerest at the maximum Igal rare, and this mortgage may then ie fote~osed to satisfy the amount due on said
<br />bond, and any other bond for additional advances, together with all corns paid by said The Equitable BltBdiq and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracthtg extension charges, with interest thereon. from date of payment at the ttwcimum
<br />legal rate.
<br />As provided in the Band secured hereby, white this mortgage remaites in effect the mortgagee cosy heroafter advanoc additional sums to the
<br />makers of said Bond, their assigns or successors in ,ntercst, which sums shag bt within the sectuity of this mortgage the same as the rands originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage,
<br />Tktte finis 5th day of December A.1)., la 79
<br />~~
<br />-Stan- r'-Garr' Jr '
<br />Mary M. Gar is
<br />:STATE QF N@BRASKA, ~ ~: on this 5th as ar December
<br />COtINl'Y OR' HALL Y 19 79 ,before me,
<br />:Stanley 8. Garris, Jr and Gal
<br />each other is
<br />r ` 1 r:c(
<br />me to be the identical persons vRteke'+ ,~.~#v~
<br />acknawkdgttt the said instrument. to ea~ttG F r vt~ni
<br />RRTNFS$ my hand atld~'otadat~e~rthe dirffi
<br />Aft' Commission t I `' ~ . ,s ,~
<br />- ~tC782M lie ~~ / ~~ ~ti J
<br />,~~, ~1 ,
<br />the undcrgigrttd, a Notary Public in and foe said County, pttsotra(ly cattle
<br />s, each in his and her own~~ight, and as ~yt~e ~f
<br />are person wn o
<br />to the rbove instrtlnent as mortgagor S and they severally
<br />I deed,
<br />tart' Ihtblic
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