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<br />MO-ItTG'AGifi _
<br />- - --- ------- -----~MOaTrarr LaAr~ No. L 23,659 M6IC
<br />xxOw,~I.i.MFNBYTI1FSErR)isFNTS:Tirat Steven C. Whitt and Susan J. Whitt, each in his and her
<br />own right, and as spouse of each other
<br />Mortgagor, whether otx ar more, in eonsidention of the sttm of
<br />Thirty-five Thousand and No1100--------------------------------------------------- ntiLt.Axs
<br />loaned to said mortgagor by The G,quitabie Budding and Loan Association of Grand island, Nebraska, Mortgagee, upon 350 shares of Blade of
<br />said ASSOCIATION, Ccrtifitaie No. L 23,659 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in HaIl County, Nebraska:
<br />LOT ONE (1) SHADY LANE SUBDIVISION, NALL COUNTY, NEBRASKA
<br />together with all the trnenxnts, hereditarneats and appurECnant:es thereunto belonging, including attached floor coverings, all window scorns,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning and plumbing and waterequipmenz and accessories thereto,putttps,sio~a.
<br />rcfrigerators,and other fixtures and egtriprsfent now or hereafter attached to or used in connection with said real estate.
<br />Artd whereas the Betel ntortgagar has agreed sad does hereby agree [hat the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon. said premises and upon this nwrtgage and the band secured thereby before [he same shall bemme delutgtunt; to fttrttish approved
<br />inwrsnce upon the buildings nn said premises situated in the sum of 5 35 , DDD. QQ PaYable fa said ASSOCIATION and to deliver to said
<br />ASS(X''.ATION the policies for said insurance; and not to commit nr permit any waste on or about said premiers;
<br />In case of default in the performance of any of the terms and conditions of this mortgage ur the band secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and [he mortgagor hereby assigns, transfers end sets over to the
<br />mortgagee all the rents, revenues and income to bo derived from the mortgaged premises during such time as the mortgage indebtedness shall rcrrrain
<br />unpaid; and the mortgagee sha[I have the power to appoint any agent or agents it ntay dc;ixc fur 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 all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of cotkctirtg rcntak therefrom; the balance remaining, if any, to be
<br />applied toward the discharge oI said mortgage indebtedness; these rights o! the rtwrtgagec may be exercised at any time during She existence of such
<br />default, irtespecfivo of any icmpinrry teaiver of the same.
<br />These Presents. however, are upon the Condition, That ii the said ~icr[igagor shall repay said loan on ar before the maturity of said shares by
<br />payment; pay rrtanthly to said ASSOCIATION of the sum speciflod in the Bond secured hereby as interest and prtirtcipat rm said loan, on or befam
<br />the Twentieth day of each and every minth, unlit said loan is fully paid; pay all taxes and assessments levied agsinat raid premises and on this Mortgage
<br />and the Band secured thereby, before delinquency; furnish appravo~i insnranre ulxm the ht~ldiet~s thereon in the stm oI3 35, DD(3, QQ payable
<br />o s:3 ..aSOi:lATiO~:; reps; o mid AS£'lATiiiG! t[p;z n ac,.and a3t ruc:ner by it lraid tot sari, [axx. ass~ssrn~rts a,-td easr;ratt~ Walt itrte[z~ at
<br />the maximum Legal rate therein From dale of payment all of which Mortgagor hereby agrees ro pay; permit nU waste on said wentiaes:keeo and comply
<br />with elf the agreements and conditiarts of the Band fur S 35 #QQQ DQ thrz dot given by the said Mart¢aear to said A~St)L~AT1t1N, and ~m¢!y
<br />whit a!I-rho requirerturts of the Constitution and By-Laws of Bard A3StX'IAFION; then these presrnis shaft becvnx null and wid, athnrwiae tluy
<br />shall rcntain in full force and may tee fon:clised at rho option r+1 the said ASSOCIATION after failure for throe tttonths to rswke any of said
<br />payments or be three tnunihs in arrears in making said rrwnthly payments, it to krep and atmply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such lorecSosu[e proceedings.
<br />if there is any change in ownership of the real estate rsturtgagcd herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />se.:ured shall, at the option of The l;quitable Building and L+aar+ Assat;iation of grand tsiand, Nebraska, berotnr immediately due and payable without
<br />further notice, and the amount remaining due under said twnd, an9 any other bond for any additional advances made ihercundar, shag, fmnr the
<br />date of exercise of said option, bear interest at zhe maximum legal rate, and this tmrrlgagr nwy then be fozedosed to satisfy the amount due on said
<br />bond, and any other trend for additional advances, together with all sums paid by said The Equitablr Building and Loart Axsuciatian of Grand (stand,
<br />Nebraska Far insuranc~r, taxes and assoxsnerrnts, and abstrec[ing extension charges, with interest thereon, form date of payment at the maximum
<br />legal rate.
<br />As pmvidtd in the &md secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to flu
<br />makers if said Bond, tt+eir assign: or succes~rrs in interest, which Bunts shall be within the security of this rtwrtgage tht same as the funds arigittaUy
<br />secured tltoreby, the WiaS amount of principal debE met ti exceed ai any time !hc original amount of this mor[$agt:.
<br />I> ed this 18th daXaf December A. ft.. 19 79
<br />C. Whitt-. ,-, ~i._______..--
<br />Susan J. Whitt
<br />STATEOF NEBRASKA, ~ ~. On this 18th day of December I4 )9 ,before rne,
<br />COt1N1'Y OF FiA1.L
<br />the underd, a Notary Public in and far said County. personally carne
<br />Steven C. Whitt and Susan J. Whitt, each in his and her own right,~d a~espot~t~vn~ytta
<br />otkler ~ N -
<br />Elte to bC the identical person S .~ ~ 'ttat~,4`~~, dre affitted to the shove instrument as martgagir g and they ~~~Y
<br />acknowledgtd the said mstrttr~n{YO~ . t~'lei'1^r {untary act and deed.
<br />VYITNE5S t'r1Y itaDrt anrk~intarrsl Sc¢t ~te aforesaid.
<br />MyCommt~stan7txprre;l`'r ,~~ ~~ C ~f.~ i,?f _-'~ ~J -~ ' ~~~ 7?
<br />- Notary Public
<br />iP'N oat :tl ,.... ' ,.-f
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