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<br /> /�_ 000'708
<br /> t�tORTGAGE
<br /> --- n�o�zTcnce Lonrr No. 22,527
<br /> � KNOWALLMENDYTHESEPRESGNTS:That Jdff12S H. Wearin and Faye D. Wearin each in his and her ,
<br /> 1y
<br /> own right and as spouse of each other
<br /> ; Mortgagor,whether one or more,in wnsideratton of the eum of
<br /> ; Eighteen Thousand Eight Hundred and No/100-----------------------------------------��cA� `
<br /> loaned to said mortgagor by The Equitable 8uilding and Losn Associatiun of Grand Island,Nebraska,Mortgagee,upon I88' �liares of stock oF
<br /> said ASSOCIATION,Certificate No.L ZZ�5z� ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in HaI1 County,Nebraska:
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<br /> FRACTIONAL LOT SIX (6), IN FRACTIONAL BLOCK EIGHT (8), IN
<br /> i ASHTON PLACE, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br /> , �:s .�. � � .. . .
<br /> COUNTY, NEBRASKA. SUBSEQUENT TO OCTOBER 29TH, 1951, 8:30 A.M.
<br /> AND
<br /> t
<br /> FRACTIONAL LOT TWO (2), IN FRACTIONAL BLOCK ONE (1), IN
<br /> � PARKHILL SUBDIVISION, AN ADDITION TO THE CITY OF GRAND
<br />� i
<br />� ' ISLAND, HALL COUNTY, NEBRASKA SUBSEQUENT TO SEPTEMBER 29, 1951, -
<br /> ; :;
<br /> at 11:00 A.M.
<br /> together with all the tenements,hereditaments and appurten:�nces thereuntu belonging,including attached(luor coverings,all window screens, �
<br /> window shades,blinds,swrm H�indows,awnings,heating,air conditioning,and plumbing and water equipment and acceswriu thereto,pumps,stoves,
<br /> ? rc(rigerators,anJ other Gxtures and equipment now or hereafter attached to or used in connection with said real estate.
<br /> And wliereas the said mortgagor has egreed and does hereby agrec diat the mortgagor shall and will pay all taxe:and asmssmmts levied or
<br /> assessed upon saiJ premises and upon this mortgage and tl�e bond secured therebr before the same shall becume delinquent;to fumish approved
<br /> p. insurance upon the buildings on said premises situated in die sum of 5 1$�$�Q.�� p�Yabte �o said ASSOCIATION and to detiver to said
<br /> f ASSOCIA'I'!ON�he poficies Ibr said insurance;and not to commit ur permit any waste on or about said premises,
<br /> ; In case of default in the performance oCany uf the tenns and conditions of this mortgage or the bond ucured hereby,tl�e mor[gagee shall,
<br /> on demand,be eNiUed to immediate possession o(the mortgaged premise: and lhe murtgagor hereby a:signs, transfers snd sets over to die
<br /> mortgagee all the renls,revenues and incomc ro be derived from the mortgaged premises during such time as the mortgege indebcedness shatl remain
<br /> unpaid;and tt�c mortgagec shail hare the power to appoint any aEcnt or agcnts it may desire(or the purpose of repauing said premises and tenting '
<br /> the satne.and cnllecting the rents,revenues and inwme,and it may pay uut o(said income all expenses of repairing said premises and neassary-� � �� - �. - -
<br /> commissions and expenses incurred in renting and managing the same and of collecting mntals thereCrom;the balance remaining,if any,to be
<br /> applied toward the discharge of said murtgage indebtedness;thesz rights uf the murtgagee may be exercised at any timt during Ihe e�cislence of such � . . �
<br /> default,irrespective of an}•temporary waiver of the same.
<br /> �'r
<br /> Thcse Presents,however,are upon ihe Condition,Tliat if�he said hfortgagor shall repay said loan on or beforc[he maturiry of said shares by '
<br /> payment;pay monthly to said ASSOCIATION of the sum speciGed in the Bond secured hereby as interest and principal on said loan,on or before ;
<br /> the Twenlieth day o(each and evcry month,until s:�id loan is fully paid;pay all taxes and assessment:levied against said premises and on tltis hlor[gage . � � � . � . . �
<br /> i
<br /> and the Bond secu�ed thereby,befure delinqucncy;furnish approved insur�ncr upon Ihe buildings thereun in the sum of 5 1$�8��.Q� payable
<br /> to said ASSOCIATION;repay to said ASSOCIA'ItON upon demand all muney by it paid fur such taxes,assessments and insurance with interest a[ _ � �. �.
<br /> the m�imum legal rate chereon fmm date of payment all of which Atortgagur hereby agrees to pay;permit no waste on said premises;keep and comply
<br /> � witli all the a reements and conditions of�he Bond for S
<br /> B I8�BOO OO�his day given by tha z+id�tortgagor to said ASSOCIATION,and comply
<br /> with all the requiremants of the Constitution and ByLaws of said pSSOC1AT10N:then these presents shall 6ecome rmll and void,othenvisc ihey
<br /> shall remain in full force and may be(oreclosed at the option o(ihe said ASSOCIATfON after failum Cor three months tu make any of said � � �� ��
<br /> payments or be ihree months in erreacs in making said monthly payments,or to keep and comply with die agreements and conditions o(said Bond; � � � � � � �
<br /> � and�fort�ugor agrces ro have a receiver appointed forthwith in such foreclosure proctedings. � . . �
<br /> F`��� If there is�ny cliange in ownership of the real esWte mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby �. � � � �
<br /> secuced sliall,at the option oP The Gyuitable fSuilding and Lo�n Assuciation of Grand lsland,�ebraska,becume immediately due and payable without
<br /> further notice,and the amounl remaining due under said bond,and any olher bond(or any additiunal advances made thereunder,shall,feom the
<br /> date o(exercise uf said optinn,bear intcresi ai the maximum legal rate,and this mortgage may then 6e fomclosed to satisfy the amount duc on s�id
<br /> 6ond,and any other hond for additional advances,together with all sums paid by said The C•quitable BuUding and Loan Association oCGrand Island,
<br /> Nebraska tor insurancq taxes and assessments,and abstracting extension charges,with interest thereon,Crom date o(payment at the maximum .
<br /> Iegslrate.
<br /> As provided in the Bund ucured hereby,while this mortgage remains in e(kct the mongagee may hereafar advance additiunal sums to the
<br /> makers of said Bond,their assigns or succassors in interest,which sums shall be wid�in the securiry of tliis mongagr[he same as the funds originally
<br /> � �� securod thereby,the rotat amount oC principal debt not to exceed al any time the original amount of tttis mortgage. �
<br /> na�ea��;5/r lOth �aY°� February A.D..I9�]
<br /> �-..--co N - ��r� �
<br /> ames . in
<br /> . l� �cd �„n
<br /> Faye . Wearin
<br /> STATEOFNEBRASKA, u On[his lOth �� �f Februar �
<br /> COUNTY OF HALL} y y t9�� ,before me, 4
<br /> � ihc undersigned,a Notary Public in and(or said County,personally rrme � �� f���
<br /> James H. Wearin and Faye D. Wearin each in his and her own right �nd as spouse o� �ach N
<br /> o+..her `y ° are P°fsona y�nown to �
<br /> L: me to be the identical person g whose name 5 dre affixed to the abova instrument as mortgagors undthey severally �
<br /> acknowled ed the said insvumcnt to be th271` volunt h
<br /> g ary act and deed. �
<br /> � W[I'NFSS my hand and Notarial Seal ihe date aforesaid. ' f% (/ • _ �t,
<br />,� � QE4ERA�NQTABY�`�1'G9uualssi� expGes � Z
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<br />' � � Notary Public
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