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<br /> �g� UU23'75
<br /> MORTGAGE
<br /> MORTCAGE LOAN NO. L 23,074 `
<br /> ,I. �.. F n�.
<br /> KNOWALLMENBYTHESEPRESENTS:That Donald C. Whetstone, a single person " ;
<br /> ` Forty Eight Thousand and No/100-- _______^1ortBaeo:.whetheroneormore_inconsiderationofthesumoF ;
<br /> --------^-- --------- DOLLARS
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon ¢$Q shares of slock of
<br /> said qSSOCIpTION, Certificate No. L 23,074 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County,Nebraska: .
<br /> LOT FOUR (4), IN BLOCK FOUR (4), IN BRENTWOOD
<br /> SUBDIVISION IN THE CITY OF GRANU ISLAND, HALL
<br /> COUNTY, NEBRASKA.
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<br /> �� together with alt the tenements,hercditaments and a urtenances thereunto belon n �
<br /> PP gi g,including attached tloor coverings,all window screens,
<br /> '� � window shades,blinds,storm windows,awnings,heating,air mnditioning,and plumbing and water equipment and accessories thereto,pumps,stovee, �
<br /> refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate. ' -
<br /> �.f And whereas the said mortgagor has agreed and does hereby agree that the mortgagor stzall and will pay all taxes and auessments levicd or � °�:+
<br /> ; assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinqumt:to furnish approved "
<br /> .,� insurance upon the buildings on said premises situated in the sum of S �}$���0.0� payable to said ASSOCIATION and to deliwr ta said �i:
<br /> .i ASSOCIATION the policies Cor said insurance:and not to commit or permit any waste on or about said premises; �
<br /> � In cau of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shatt, ��� �
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<br /> � on demand,6e entitled to immediate possession of the morigaged premixs and the mortgagor hereby assigns, transfers and se[s over to the �
<br /> ,! moRgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain � �
<br /> unpaid;and[he mortgagee shall have the power ro appoint any agent or agents it may desire for the purpose of repairing said premises and renting �';;,,,,,,,;,��,�
<br /> � the same and collecting the rents,revenues end income,and it may pay out of said income ali expenses of repairing said premises and necessary �
<br /> ..� . commissions and expenses incuned in renting and managing the same and of collecting rentais therefrom; the balance remaining,if any,to be
<br /> ..� applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such �
<br /> ��-j default,:rrespective of any temporary waiver of the sama �
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<br /> ��i � These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shares by �
<br /> '( payment;pay monthly to said ASSOCIA'IION of the sum specifxed in the Bond ucured hereby as interest and principal on said loan,on or beforc �
<br /> .� the Twentieth day of each and every montb,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$4$s��0.�0 payable ��
<br /> i to said ASSOCIATION;rcpay to said ASSOCIATION upon demand all money by it paid for such taxes,assessmmts and insurance with interest at�
<br /> `�:� . the maximum legal rate thereon Crom date of payment all of which Mortgagor hercby xgrees to pay;permit no wa ste on said premises:keep and comply " . .
<br /> :� with all tI�e agreements and conditions of the Bond for$ 48 a���•O��tus day given by the said Mortgagor to said ASSOCIA7TON,and comply � � �� �
<br /> �,' with all t}�e requirements of the Constitution and ByLaws of uid ASSOCIAT[ON;then these presents shal] buome null and wid,otherwix thry � � '
<br /> �'� � shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said � � �
<br /> .�:�� . payments or be three months in xrrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond; � � �
<br /> �-' and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. . . �.
<br /> " � If therc is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the en[tre remaining indebtedness hereby � �
<br /> 1 '� secured shall,at the option of The Equitable Building and Loan Association of Grand Isiand,Nebraska,become immediately due and payable without �
<br /> ��.{'. further notice,and the amount remaining due under said bond, and any other bond for any additional advances made thereunder,shall,from the � � �
<br /> �,; date of exercise of said option,beaz interest at the maximum kgal rate,and this murtgage may then be foreclosed to satisfy the amount due on said . �
<br /> bond,and any other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grand Island, � � � �
<br /> "�( Nebraaka for insurance,taxes and asseuments,and abstracting extension chazges, with interest thereon, from date of payment at the maximum �
<br /> ,'� . � legal ra[e. .
<br /> �:j � As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereatter advance additional sums to the � ��
<br /> � makers of said Bond,their assigns or successors in interest,which sums shall be within the security of this mortgage the same as the funds originally � �
<br /> �� � secured thenby,the total amount of principal debi not to exceed at any time the original amouni of this mortgage.
<br /> j Dated this 2 v� d , f P 7� A.D..19 �$ � .
<br /> ,i �O'�'Lf'� ���• �
<br /> ;# -�ona'Cd�AFe� one
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<br /> STATE aF NEBRASKA.t�. o„t� 24th. � of Ap ri 1 ' 8 -�.: '
<br /> � eoinv�c�r.oF xnr.L S r �v� ,n�f��,��, ,�
<br /> � � � �- � the u�ersigned,a Noiary Public in and for said County,personally teme � ��: �
<br /> Donald C, Whetstone, a single person � � .
<br /> � .. , ` �-,.
<br /> ' �,,` who 7 5 perwnally known to �: �
<br /> afe t � t111�lidlHQ� . �whose name �S affuced to the above instnunent as mortgagor and h0 �2�iS1j1(�YC � � �i�
<br /> N��
<br /> ;� ow�tbeR�l' t to be h'1 S wluntary act and deed. �� �;.
<br /> ^� t C� W111C�,S m d and Notutsl Seal the date afonsaid. _
<br /> NOT Y � /� 1 ��' ��
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