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<br />MORTGAGE
<br />MORTGAGE LOAN NO. L Z3,J44
<br />tolowALLM~neYTHESEPR>:sENTS:That Ronald D.. Westphalen and Darlene E. Westphalen, each in
<br />his and her own right and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />ZhirtY -Eight Thousand and No/100-------------------------------------------------- oottARs
<br />loaned to said mortgagor by The Equitable Buadmg and Luan Association of Grand Island, Nebraska, Mortgagee, upon 380 store of stork of
<br />said ASSOCIATION, Certificate No. L 23,J44 , do hereby grant, convey and mortgage unto the mid ASSt)CtATION the foIlov,ing
<br />deu~ibed real estate, situated in Hall County, Nebraska:
<br />LOT EIGHT (8) IN BLOCK TWO (2) IN WEST BEL AIR
<br />FOURTH ADDITION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />togeti:er with all the tenements, hercditaments and appurtenances thereunto belonging, including attached door wverings, all window sereuts,
<br />window shades, blinds, storm windows, awnings. heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now nr hereafter attached to or used m connection with said real estate.
<br />And whereas [he said mortgagor has agreed and drxs hereby agrce that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before [he same shall become dehnquent w furnish 2pproved
<br />insurance upon the buildings on said premrses situated in [he sum of 538 , OOO. UO pavahle to said ASSOCIATION and [o dehvYr to said
<br />ASSOCIATION [he policies fur said insurance: and nut nr mmmir or permit any waste on ur about said pretnisros;
<br />In case of default in the performance of env ul [hr [eons and conditions of dos morggage or the bond secured hereby, [he mortgagee shalh
<br />on deman3, be enti0ed m immediate possession of the mortgaged premises and the mortgagor hereby asvgrs, transfers and sets over to [he
<br />mortg;rger all the rents, re roues and income to he dzri.xd from the mortgaged premiss during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire (or the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues sod incnnu, and it may pay nut of said incomz aft rxpenszs of reputing said pren»ses and nzeessary
<br />cammissurns and ezcenses incurred .n renting and managing the same and u( collecting rentals therefrom: the batanet rentairting, if any, to be
<br />apphed toward the diuharge of :atd mortgage indebtedness; these nai:u of the mortgagor may be esemised at any time during the existence ot'such
<br />default, irrespective of env temourarv waivzr of the same_
<br />Thasz Prex:nts, however, are upon the Cunditiun, l'itat if the card Mortgagor frail repay said loan on ear before the maturity of aid shares by
<br />pay runt; pay m:>rthly to :aid ASS(;E'LITION of the. sti<m sex-.e:.ied in the Band szcrrrd hereby as mterzst and p; in<-:pµ~ on stud lean, >n cvr bafcrr
<br />the Twentieth day of each a-nd every month, until aid loan is fully paid, nay all taxes and assessments ?ruled agamst said premises and on this Mortgage
<br />and the Bond secured thereby, before deiinyuency: furnish approved insumnce upon the budtings thereon in the sum o(S 38 OOO. OO payable
<br />to aid ASSOCIATION; repay to aid ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with internist at
<br />the maximum legal rate thereon Irom date of payment all u(which Mortgagor hereby agrees to pav: permit nu waste on said premises; keep and comply
<br />with all the agreements and conditions of the Bond for $ 3Q, , OOO. OO this day given by the aid Mortgagor to aid ASSOCIATION, and wmply
<br />with all the requirements of the Constitution and By~Laws of said ASSOCIATION: [hen these presents shall become null and vord, otherwise they
<br />shall remain in fill force and stay be tixeciosed at the option of the aid ASS(X'IATION after failure fur three months to make env oC aaid
<br />payments or be three months in arrears in making said monthly payments, or to kzep and comply with ttte agreements and conditions of aid Bond;
<br />and Mortgagor agrees to have a rrcervrr appointed forthwith in such foreclosure proctedings.
<br />If there is any change in ownership ul the real estate mortgaged herein, by ale or otherwise, then the entire remaining indtbtedness hereby
<br />secun:d shalt, at the option o(The liyuitable Building and Loan Association of Gland Island, Nebraska, became immediately due and payable wititou[
<br />further notice, and the amount remaining due under and bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of aid option, bear interest at the naximum legal rate, and this mortgage may Then be foreclosed to satisfy the amount due on aid
<br />bond, and any other bond for additional advances, together with alt sums paid by aid The Equitable Bttading and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the rnatimum
<br />{agar rate.
<br />As provided in dte Bond secured hereby, white this nwrtgagr remain, m cifec! the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or sucussurs m interest, which arms shall he within the security of this mortgage [he same as [he (ands originally
<br />secured thereby, the total amount of principal debt nut to exceed ut :my time the original amount of this mortgage.
<br />led ntis .~ st~d,~x.>r~~,/ August n. n., rt~ ~~
<br />one eT~p-Tia~€n~°`--- --Darlene E. Westpha~l~L- men---
<br />srATE op NEBRASKA,
<br />COUNTY OF HALL ~ ~~
<br />Ronald D.. Wh~S`~
<br />each in sxathd der
<br />On tn;a 1st day of August
<br />the undersigned, a Notary Public in and for sod County, petxauliy came
<br />and Darlene E. Westphalen,
<br />Ian right and as spouse of each other, who are perapnallyknpwnw
<br />t y 8O ,before me,
<br />rate to be pt~Pp6rsbn 5, `~;' -;'.whose name s dre affixed to the above instrument as mortgagor S and they severally
<br />"' ' ' that r
<br />ankrtow ~ 3~r~sai/l,ip¢tntrrlet[t to't~ voluntary act aztd decd.
<br />[4t, yMkTTJESS Ft'7r h2nd a~d Np[ariat Seal the date aforesaid.
<br />tj: ~ My C<immrssrod eXpt`tes f ~ - 7-~~ j/~/ ~ 4 `~,
<br />~.~ ".`, ~'~•... ' ..., "~~_,`~`° _- _ _ ~ Notary Public
<br />167&2tM RI yv1' ~~" lr ~~~• 1~L~
<br />4ti nf' ti t_~ }~/_/
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