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<br />MOBTGACE tAAN NO. T. 24.OOb
<br />AL[. ttt?! 13Y THESE T'RESEttIS: That St@pht.n R. S17eCk and Di3TYC' M. SpE~Cr P.aCrt ].It hiS 7itd h2r
<br />rx+ct right and as sprxcse of each other.
<br />Mortgagor, whether one or more, in oo+mdeatim of the sum of
<br />Forty TYtousatxi and No/lt)tJ ~~___ ngyu.ARs
<br />imsaed to raid awrtggor by The Squi¢abk Buildeag srtd Loart Axosiatarr of Gr:rxl Island, Nebn>ata, Mortgagee, ups 400 atarea of stock of
<br />said ASSOCIATION, Certefexte No. L 24, 006 , do hereby grant, convey and mortgage rmto the seed ASSOCIATION the folbwirtB
<br />dyad real estate, sitrnited in Hall County, Nebraska:
<br />loot Qele {1) in Block ate {1) in Jenkinson Subdivision, ball County, Nr~raska
<br />tcgletlser with all the te[terrartts, hsreditarrssnts and appurtrnanrea thereunw behxngiag, including attached flour wveringa, all window saee[rs,
<br />vsirtr{trra shades, bands, storm windows. awnirggs, heating, air wndiiioning, and pltrmbing sad water cquepmwst sad acceaaaries thereto, pampa, stoves,
<br />refrigerators, and tether fntturcs and cquiprrrent mew or hereafter attactrtd to ur used in amosclion with said real estate.
<br />And whereas the raid mortgagor teas agreed arol data hereby agree that she mortgagor shall and will pay all taxes and aasesatrtetsta levied or
<br />aiaa~aad upon tail premises annf open this mortgage xnd the bond ser-ured then4sy before the same shall became delinquent 1o furnish approved
<br />iaseuaawe upon the buildings an said lrrcnnaes situated in the sum of S 40 00U .00 Is+Yabk tc said ASSOCIATION attd to deliver to acid
<br />ASSQCIATI(3N lbe palieies for said ursur:rtes; and net to atnimit or permi~ any waits esn ur about said prerrriaes;
<br />In ease of default in the perforrnattce of any uf'ths terms and conditions of i!»s mrtttgagc or the bond secured hereby, the tnrx[gagee shall,
<br />on dettwnl, be rntetkd to irurrxdiats pusaession of the uasrtgageJ premrxex and the mortgagor hereby as~rts, transfers xttd sets over [o the
<br />mortgagee all the rent:, revenues and incrrme to bs denved Crum the mortgaged premises druirtg such time as the ttwrtgage indebtedtteaa shtU remain
<br />unpaid: and the atorlgagt;e stuB have the peewee w appoerti any agent ar agartu et may dean fur the purpuae oC repaeriog said premises and rcatiag
<br />the settle and exrlkding the rents, rcvemrca utd income, and it maY NY out of au! income a!1 expeaaes of rspretirtg said preroiset and necemry
<br />oomntisaietna and expenses incurred in renting and managing the same and of trolkctiog rentals there4om: the balarux rctsssitrirtg, it any, to be
<br />trrwud rite d~clur~ of said mortgage imlebtedness: tttex rights of the rrkrrtgagss may be exerciaerl at any tuna dtuirgl tits exiarcnce of welt
<br />cult, irrespective of soy temporary waiver of rise erne.
<br />Tlxae iReseiris, hrtwcscr, are upcnt tl~ Cotntiticsrt, That d the cant Mtxtgagar shall repay seal keen on m before rite tttalwity of said shares by
<br />paymant pay munthlY to saW ASSOCIATION of tlx soot specefied m ttw Bond secured hereby ax iNerest and prinoipud on said Maa, oa at before
<br />the Tvresuieth day crf each and every month, umil said two is fatty peat; pay aD tastca artd axsesamcntx levied against said premtsea and on ihu Mortgye
<br />caul the Bond secured tha[cby„before delirtyusncy; itunidt approved insruance uprso the butldinga thereon m the sum of S 40, 000.00 payable
<br />to said AS.Stlt`Il1l~1 iJN; repay ro said A:i?itCIATI[3~l upon $snurtd ail money by it paid €qr earl-e taxes, asarcarnents artd irtsttrantx with iatercst ai
<br />tho rnsximum rats thereat. from datt.:zf payttteni ail a1 whieh Martgaitur hsr><by agrees to pay; petsnit ors waste c.: Bahl psentises; keep and comply
<br />with all 1hs agreerrtsats and cartditiuns of the Bcmd far S$0 x000.00 this day givers by the said Mortgagor W said ASSOCIATION, and mmpty
<br />rr all ttte r;atairet-ri€rrts of :hv Cr=~:~iiai;~". attd S`i :$ : o. d AS,SOC:ATIO':; tin it€ p(s s~'?a:t tti ~ °i[~' aatd void, uthwtaaaa try
<br />dtall ra-u~ln Cn fall fore, ~d t:~y l~ f~ At ~+x opus of the Bard A~rJL1AT1f?N al'tet failurt` fee tfi~a mry+ttkx res tnak€ any of
<br />payrncata or be three r»anths in arrcara in nuking said rrtuntidy pryntents, or w kerp and comply with rho agrsatnents and eonditions of acid Goad:
<br />and hlortaagnr agrset [u have a receiver appointed forthwith m such foree:Ltaure pntrzedings.
<br />If then is any clunBe in owaetahep oC the real estate rrwrtgaged herein, by sale or otherwise, then the entiro remaining iadebtednsat hereby
<br />secured shall, a! the option of The iquitabk Building and L,tsatt Asrociation of Grand Island, Nebraska, become immediately due acrd payable without
<br />Curtltsr aotia, and the ammunt rcntaenirtg due under said btartd, and any other bone! few any additiowl advsrtoes made iherouodar, shall. from the
<br />date of exercise of srid option, bear interest at the ntaxirntsm legal rate, and this motgage may then be foreclosed to satisfy the amount due oa acid
<br />bantt,and any outer bond for additewwt advrttcea, together with alt sums paid Ay said The Equetabk Bttitdiatg and Loan Association of Goad laland,
<br />Nebraska lot iaattrattee, texas sad aoeasrtsrnta, sad aburactittg ex[ension charges, wah interest thereon, fmm date of payment at the ttsaximum
<br />tegad rats.
<br />As ovided in the Battd secured hereby, while this nwrtgags rertuins m etTect the rnurtgagx may hereafter advance additional rotas to the
<br />saakara of artid Bond, thak aMigrts rzr succeswtrs in uusrest, witicit sums shall bs within the secarity of this rtwrtgage the earns as the funds origuullY
<br />sew[sd IMrc total amount ut prince bt not ur exceed at any ante the urigioal anraunt ul'thu nwrtgags.
<br />hated t e { llthy Novter, A, D., Iy 81
<br />~~-s.-r `" '-F----- __
<br />t~~))- --
<br />~~~~ ~ ~~• } as. fkt this 11th day of NC7VNS111?Er', 19 81 . hefare ms,
<br />t:41gNt'fY Ode HALL r
<br />the r[adersi~acd, a Notary public in sad for acid Cotmty, persattaBycame
<br />Htephert lt. Speck and Diane M. Slaeck, each in his acrd hex c~brsi riyht~and as spotlaeY kitawli to
<br />ot~rr, are
<br />aaa w ba the ideattsa! petsrrtr ~ r:hoae rants g arQ affixed to the abate instrurrrsnt as martg~g and they saveraUy
<br />p#atswkdMed tlx rase! irtdfnsnsrstt to be their mlttatuy xct aetd deed_
<br />WI'€NI=55 ray hard and Notarial Srai the mats aforesaid. ~-
<br />sty l'a+matitatwt exprsst `~.. ~" "{' r°~..;' .- ~'.at' "t' '
<br />+assar m
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