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<br />MORTGAGE Mnrtnanv ra_rarnrdari to chntr rnrrart riata of Nntar~
<br />MORTGAGE LOAN NO- L23, 84Z
<br />lo`rowAV.LMet~1aYTHESEPRESENTS:Tbat Robert D. Shanks, Jr„ a single person
<br />--Mortgagor whether oae or more, in conaidegtlon of the tram asf
<br />Forty-six Thousand Four Hundred and No/100 ------- --------------- - ~t=:~
<br />Joamd to said r»ortgagar by The Fquitahk 8uildirtg and Loan Association of Grand Island, Nebraska, Mortgagee, upon ~ 464 ,~ v}' ~~ ~
<br />raid ASSOCIATION, Ce~cate No. L 23 642 , do hereby grant, convey and rrtorigttge tmto itte said ASSOCIATION the foitow3og
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT TWO (2) IN BLOCK TWO (2) IN
<br />"COUNTRY CLUB SUBDIVISION", BEING
<br />A FART OF THE EAST HALF OF THE
<br />NORTHWEST QUARTER (E`zNW';) OF
<br />SECTION TWENTY-EIGHT (28) IN
<br />- TOWNSHIP ELEVEN (11), NORTH, RANGE
<br />NINE (9) WEST OF THE SIXTH P.M.
<br />togeihtr with ail the renemenu,-hereditaments and appurtenance hereunto belonging, including attached floor wverings,. all window screens,
<br />window ~tades, blinds, storm windows, awnings, heeling, air conditionntg, and plumbing and water equipment and acotssoties thereto, ptunps, stovxs,
<br />refrigAfators, and other fixtures and equipment now or hereafter attached to or used in connection 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 asses~ntnts levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before he soma shall become delinquent: to futnish approved
<br />insurapce upon the buildings on said premises situated in the sum of 3 46 , 4DD. ~~ payable to said ASSOCIATION and to deliver [o said
<br />ASSOCIATION the policies for said insurance; and not to commit ur permit any waste on ur about said premises;
<br />-,dp case of default in the pFrformance of any of the terms and conditions of ahrs mortgage or t ht band secured hereby, xhe martgaeae shaft,
<br />on d~nattd, ba trttitfed to immediate possession of the mortgaged premises and the nurrtgagor Itertby assigns, transfers and sets over to the
<br />mortgagee alt the rents, revenue and inwmc to bt derivrd Crom the mortgaged promises durhtg such [hoe as lire mortgage indebtedness shall remain
<br />unpard; and the mortgagee shall have the power to appoint any agent or agents rt may desire fcsr the purpose of repairing said premises and renting
<br />itre same and cof€acihtg Lfte rants, rafr*n-,rts and inwrtte, and ii may pay out of !.aid in<xtmc ail expenses of repairing said premises and ntceuary
<br />comutissians and expenses ir:cuned in rt:tong and managing the same. azsd of collaating renuds herefrc]n: the balance remaining, if any, to be
<br />°pg3;td inward file dissh~rgz of said mor!a~age iadtJ+iadnass: thew rights of rJte mortgagee may as cxtreised at any time during the existence of such
<br />daft-uJt, irrespective of any temporary wairer oC iha same.
<br />These prt~rns, F.owever, arc opera the Condition, That rf the said Mortgagor orhall repay raid loan on ur before the maturity of .zid shares by
<br />pay:tirnt; pay r.santhJy is said :;S9(x:IATtON af' he sum specified in the [3rrnd secured 'Hereby xs interest and principal nn said [oan, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of $ 46 ~ QQD, DD payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand xll mo]rey by it paid for such taxes, asseainents and insurance with interest at
<br />the maximum legal rate thereon fmm date of payment x11 of which Mortgagor hereby agrees to pay; permit nu waste on said premises; keep and wmply
<br />with all the agreements and conditions of the Bond for S 46 , 4DD. ~~ this day given by the said Mortgagor to said ASSOCIATION, and wmpJy
<br />with alt the requirements of the Constitution and By-Laws of said ASSOCIATION; then these presents shall became null and void, otherwise they
<br />shall remain in full force and may be fotecosed at the option of the said ASSIY'1AT10N alter failure for three months to make any of said
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with he agreements xnd conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />fi theta is any rdtange in ownership of the real estate mortgaged herein, by sate ur otherwise, then the entire rernaiving indebtedness hereby
<br />-fluted shell, ai file option of The k'•.quitable Buildheg and Loan Association of Gland Island, Nebraska, become imntediateiy due andpayable without
<br />further nutite, and the amount rerrwining due under said bond, and any other lwnr9 for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this nwrtgagr. may then he foreclosed to satisfy the amount due on said
<br />bond, and any ocher bond (or additional advances, Pogether with all som+ paid 6y said 1'Jtc Fquitab{e Building and Loan Association of Grand !stand,
<br />Nebeaske fur insuranet, texts and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rats.
<br />As ptovided in tJte Bond, secured hereby, while this mortgage remains in effect the nwrtgagee Hwy hereafter advance additional sums to the
<br />titYllers of said Bond, their assigns or sucrrossurs in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secdred iJttraby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />~~6ahia~r~4t/~Ji,/~`~'y~, ~ November n.o,1v80
<br />rpert D. Shanks, Jr:
<br />CT~Tn nc vcna •cra l
<br />ss. On this 4th. day of November 1e8D ,before me,
<br />COUNTY OF HALI-
<br />the undersigned, a Notary Puhhc m mtd for said County, pr:rxnwlly came
<br />Robert D. Shanks, Jr., a single person
<br />who 7 S [xrxuuxlly known to
<br />rrta fU be the identical person whax rwmp-„'r'-~~~'s``~:.zxffyied to the above wstrwnent as rnortgagur and f1E ~X
<br />oaknawitdged fire said instrumenk to be ~S~ „ .- voheata?7en`f~:Iwrf deed,
<br />wIT'NkSS my hand and N#jiatiaLSrai the dice afgrra3i~
<br />My Conunxssic. _p_€s~ .. _ _ _ _
<br />- Vutar} pubh:
<br />i4]npbM Rr r'
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