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<br />79-- Qi?~3~'E
<br />MORTGAGE
<br />MORTGACG LOAN NO. L Z3 , 611
<br />fcNawALLateNS~~rt+tsEeRFar.NTS:r!tat Keith A. Phelps and Konnie K. Phelps, each in his and
<br />her awn right and as spouse of each other,
<br />- Mortgagor _whethu one or nwre_in consideration of the sum of
<br />_ Forty-One Thousand and No1100----------------- _ ------DOLLARS
<br />bared to said mortgagor by The Equitabic Building and Luau Association of Grand lsiand, Nthraska, Mortgagee, upon 410 shares of stodt of
<br />said ASSOCIATION, Certificate Vu. L 23,611 , do hereby Grant, zrnvey nerd uwrigage unto the said ASSOCIATION the following
<br />deaexrbrd real e~sic, situated ut Hat! Cuuury, Nrbrasita~
<br />LOT EIGHT {8), IN 3LOCK TWO (2) IN KNICKREHM
<br />THIRD ADDITI~' Tfl THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />7xterffia vrith a- for teverz,au, herrdit~ts an.: appurtraances titercunto belong"n,g, indtrdirtg atiaclsd floor wveruigs. aB window stra:ts3,
<br />wsdoar , worm wittdavrs, awairtgs, hcafiag. air maditioxxirsg, and plumhmg and watu rquiPtnent nerd aooeaoties thereto, prtu~ staves,
<br />reiri¢iatars, card adhes futrues ash r~uipiacat aaw or iszrafxer attarlard in cr sitd in ~nnrctinn with said real rrtatr,
<br />And wirreas the said tsnrigagt-v has agreed and does 4[erzby agrrt vra[ the rnurtpaga shall and will pay all taxes and astrssmeats IrriM or
<br />t~ xipon said prenmrs nerd uPrm ibis rrn:igsgr and the Mad sr.med thueby before fix some shall bc~rvatr definyueat; to fumis}t spproved
<br />iasesasaar eat, e~ xfie benldatgs cep sand prrmass situa,:~; in xhe sum of S 4i, QQD. QD pay~hte to sawi ,iSSOCIAT}aN and to delim to uid
<br />ASSOCLA7ItlA' the Paticirs far said msuasrrr: at[d slit to n~tnxnii to permit any waste an or aMui xai:# premises.;
<br />is roar vi' defadt m the performsace of say of the rertra and tYmdiriu9xE ai thsc nxart~e or the twod aeartd irreby, the mott~x shag,
<br />m de~,d, Le ~ttiNed so imraeduu Pus,risicue c,f the ntnrtpiged Prexnisrs aad the nwrirafcu hereby assigcts, tratss&rt aad Leis iwa m the
<br />aiI the teats, teseur,es and ioaimc ia'x derived from the mcrtp5ed }uc~ni^-s during sndt time as the mor[pae indeheedoea shag temai[t
<br />and the ioektpper shag Iwve for pe>wrt to aPprraxt am ,ppent ra silents n may destie fur ttsr purpa,e of rrpartia~ said psemsses and teatitts
<br />the atae sad txs9eaurp ihr reatx, trve?lrt,cs atsd rttaure, and ii may Pay out of said iaaaare ail rxprtttu of repairing and paearifes and nuassary
<br />at~mevas amd rxpcKtses is~trred iA trn-img sad traanaes~ xhe same oral ut ivilkctir~ rentals therefrom: the babtrce mxaiahg, B fay, to Lie
<br />a tvaud ihr discharLe of s;at ma t~s rudrb[c3aeg, titrse rig3rts of tfir marigaerx may be rcrrased at any bare dwiteg tht rvsteaa ad aK3t
<br />dda®k, ~a~s~ivr ed' a~^ tearpiaary vesivn ~ xhr sane.
<br />71xar errsrats. &w eves, are up~e[ the ti <uc3itw>n. 7'iue if ahe card Mcsngagur shall rexuy mid loan on ar txfa-e fix mattvity of said shales by
<br />Payment, ps_y muntizly t;[ Saul ACSt3CiATttk\ as tree szrm speateed m Itrt Bcrrxi secured ixrt2y as interest and ptinripal an r~3laan, tm m 6etme
<br />tar 3svesrerxh day° of each sad r,esy memth. rmtd >aw€ loan a fully Paid; pay a,~. raves sad asse>SSxr++eats levied agaixrst raid ixanises and ~ this Martptde
<br />atad tae 9erur:.d tfterebv, LrS~e^e dedirgrency-; furru$r aPPrnv~ iasurrrrcr upam the butrduZRs thnerxt in tht term ai S 41 , DDD. DO pry~ahlc
<br />sn aid !1S~Ot'1A3'7{]'s: nyray xo said ASSt7CiATH1N rrPam demand all trraury bt rt pxai tai si+,~ tare saars,rtreats and irra.nsre vrrit istese2 ~
<br />fife tteaitimara 3gal :ate titereaa frs3ur date :si Payment al ,*f ,. ~vxeatas i~rhy s to ry: permit xsr ease ~ ~ paxa;ksep and Y
<br />ariifs a8 d,r ,agvnrarrnx and rr,rretrx,uas at the Eland fx S ~ 1, ODO. ~ ;ha day ileac i*ti 3e zaid h4ors~.v eu and ASSOCIATION, and oomPiy
<br />ram ~ fir s of ~r Lcaast.icntran nerd 6tlaws of ad ASSOt'lA'ilt}T:, rhm tLrar Prrststtts sitaH L soli sad void, oti,erriae they
<br />sis~ ,es,ahf a4 €t~ €urre and may he frrrrclmr 1 x; .nr uP[xm at tie toed ASSt3C1A'I7Crti s€tu failure far xtu~ rr,onths to make atry of stud
<br />paytacaty ea br th,se rtxusifu m arrc~rs m ".:t;.,f. yyid tarsnthi1 pa~au~ntx, .a a LAP and art:t}tif wsth the a~cenrents and ~erditions cf tool $eurd;
<br />and lgevtiSagtar aarors xu 8sse a r~xrsrr a, Ixm[ral fu[ t?rwnth m sod; inrrrk+suee Pra:rtdurgs
<br />If ehae a >~ 3rat~ m arvsicx~riP of the rani esrnr tz+ortgsaed lectern, by tak ur utirea.rtsr, then the rntire rrsaaitriag iadebtedr,ess hereby
<br />tacmrd jai, ax tLr arPSiaa ~ The F.rluuahk Building aad ia~ Asaa.-iasix sf i:ra:td ishad.?iehrseka. Lewrae imttfedia
<br />rely rhea acrd payable ritl,otN
<br />foeshn ssotitrr„ and tl,c atrramrt rcmammg dx aindrr ssrd ivaard, at,r? fey other bard fw env additional advaom tttade thesenrairr, shaD, from the
<br />~ ~ m` said ~'a ,hear ~tc;es[ a- sls ruaxzrsrrm tsrr, sad xyris ravxgar3 may rhea be farecxrsed to rataty the ataatmf due oa said
<br />boesd..aad nail trtYea btuai fir .rs.~Hy.++.s ~~;:;_~, taectirsr with aR sr,rm paid ha said Tbr E-quits ftu:[~isr~ and I man A~tixm of Grand is2~4,
<br />Nriraisa &?rr rsnturanQ, tsasa and astrsantrrts. and aFuis:-xarg esteasxxa cirae~s., with mxrre•st ihrtraa,. !~raai date of pavmrnt ax tht taaximum
<br />~ ~-
<br />As prrn~l m the Btwd srcarrri iarrrha. M3irlr tkas rmntcage rr:mairts m rffe~t rht nxrttgagex axsy iereafxr uivans add.ixiornl soars [o the
<br />asa,isrs ~ said Bred, ttxit asggas :+r s°.rr~es-t=s a: uitrrea, a-4~sir~ cans z.:ali be wiitesn a..hr scarnty at abn mcvtga~r t}r saint as I!e funds orgiaally
<br />reaaad thweiary., fire fatal atwwnx at Pviw.^,ipaS dr4rt rxr to exceed at nay time the arignal attawut of xhis mortgage.
<br />lased this 7t,'I day of #ove~tler A. tom.. ly 79
<br />m r>o the da of I9 , before toe,
<br />7th y November 79
<br />_ xeith Vii. Phelps and Ksumie K. Phe}psa the tmdrtatgaed,a Natuy Ptdritcmasr, far n,d Comrry, personally nine
<br />e~~ii fat his acid ller fllyfl right and as s¢tause of each other, wiw era pusrntallykrn~witto
<br />atte is be d~t> p~a5 trrffiae mine s ii1'e affixed zn die above iratrmtxnt as murtgasar s and they x+'~Y
<br />ae3aa~ieibad Misr said aa4trmmt IIv h< '~ r vulua#ary net asrl der:d-
<br />7k173+4~ aiy Lami sad akurial seal ihr date afmtaid.
<br />Iity eor~ioa expect
<br />.:... _ ...... .. ...... _..... _ .. _.__.., Notary Public
<br />raaL;rL ~._... _... __.._._..__..._._~ __ _ _.____
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