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<br /> MORTGAGE
<br /> MORTGAGE LOAN N0. � 22��30
<br /> (� KNOWALLMENBYTHESEPRESENTS:That Jd111e5 H. W@dCltl Blld Fdy2 D. Wearin, each in his and her
<br /> 1 , � � ��� � �� � � � � � � _ � ' ��� ���
<br /> own right and as spouse of each other
<br /> � __'___Moi[g=gor,whether one or more,in consideration of the swn of ' :
<br /> � Nineteen Thousand Two Hundred and No/100----- -----------------mLLAxs -' "
<br /> loaned to said mortgagor by The Gquitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon �92 shares of stock of
<br /> said ASSOCIATION; Certificate No.L 22 s�3� ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate, situated in`Hall County;Nebraska:
<br /> `t
<br /> J` LOT FORTY-FOUR (44) BUENAVISTA SUB-
<br /> ' ° DIVISION, AN ADDITION TO THE CITY
<br /> OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
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<br /> � � together wit}� all [he ten�ments,hereditaments and appurtenances thereunto belonging, including a[tached floor coverings,all�window screens,
<br /> window shades,blinds,storm windows, :�wnings,heating,air conditioning,and phimbing and water eyuipment and accessories thereto,pumps,stoves,
<br /> � refrigerators,and other Gxtures and equipment now or hereaFter attached to or used in cunnection with said real es[ate. .
<br /> And whereas the said mortgagor hds agre,ed and does hereby agree that the mortgagor shall and will pay aLl [axes and assessmrnts levied or
<br /> assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall becomr,delinquent;to furnish approved
<br /> insurance upon Ihe�buildings on said premises situated in Ihe sum of$j 9 200.�� pay2ble to said ASSOCIATION and to deliver to said �
<br /> - ASSOCIATION the policies for said insuTance;and not to commit or perm�t any wasta on or about said premises; . .
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<br /> � [n cese of deFault in the performance of any of the terms and conditions of tliis mortgage or the bond secured hereby,the martgagee shall,
<br /> on demand,be entitled to immediate possession of the mor[gaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> R mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br /> unpaid;ar.d the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br /> . the�same and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premises and necessary
<br /> ��. � commissions and expenses incurmd in renting and managing[he same and of collecting rentxls therefrom; the balance remaining, if any, to be
<br /> 3 . applied toward the discharge of said mortgage indebcedness;these righ[s aC the mortgagee�may be exercised at any iime during the existence of such
<br /> default,irrespective of any temporary waiver of the same. � . � � � � �
<br /> � �� These Presents,however,are upun the Cundition;That if the said hlortgagor shall repay said loan on or before the maturity of said shares by
<br /> � paymeni;pay mqnthly[o said ASSOCIATION of the sum speclfied in the Bond secured hereby as interest and principa]on said loxn,on or before
<br /> the Twentieth day of each and every month,until said lo�n is fully paid;pay all taxes and assessments levied againsi said premises and on this Mortgage.
<br /> � � � and the Bo�d secured thereby,be(ore delinquency;furnish approved insurance upon[he buildings thereun in the sum of$I9�Z��.OO � payable
<br /> � to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with inteiest at
<br /> . . the maximum legal rate thereon from date of paymeni all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply
<br /> � with all the agreements and conditions of the Bond for S 19>2Q0.�� tlus day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> � . with all the requirements of the Constitution and By-Laws o£said ASSOCIATION;then these presents shall become null and void,otheiwise they
<br /> � shall remain in Cull (orce and muy be foreclosed at the uption of the said ASSOCIATION af'ter fxilure for three months to make any pf said�
<br /> payments or be three months in arrears in making said rttonthly payments,or tu keep and comply with the agreements and conditions of said Bond;
<br /> �� and Mortgagor xgrees to have a receivzr appointed forthwith in such foreclusure proceedings. � . �
<br /> � If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining.indebtedness hereby
<br /> . secured shall,at the option uf The�quitable Building and Loan Association of Grand Island,Nebraska,bewme immediately due and payahle withouL
<br /> . twther 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,bear interast a[the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said
<br /> bond,and any otlier bond for additional advances,togetl�er with all sums pai3 by uid The Equitable Building and Loan Association of Grand Island,
<br /> � Nebraska for.insurance,taxes and assessments,and abstracting extension charges, with interes[ thereon, from date of�payment at the maximum .
<br /> ]egal rate. � �
<br /> , As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br /> � . makers of said Bond,their assigna or sur,cessors in interest,which sums shall be wi[hin[he security of this mongage the same as the funds originally � �
<br /> secured thereby,the total ar.�ount of principal.debt nol to exceed at any time the original amount of this mortgxge. � � � �� ���
<br /> llated thts 6tf'1. day of JU�,y A.D.,19 ��
<br /> �..�,o �
<br /> es H. e in „ -
<br /> Faye D. Wearin
<br /> � STATE OFNEBRASICA,� � On this (t�'1. day of �U�,y 19 ]] ,before me,
<br /> COUNTY OF HALL
<br /> the undersigned,a Notary Public in and for said County,personally came ' `�
<br /> James H. Wearin and Faye D. Wearin, each in his and her own right and as spouse of each �,� � ��'
<br /> Oth2Y' who 7t^E Personally known to ��„�s
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<br /> me to be the identical persan 5 whose name 5 di'E affixed to the above i as mortgagorS and 'th2y9everally � �r
<br /> acknowled ed the said instrwnent to be th2l r volunt s��
<br /> g . ary act and deed. ��J
<br /> �� .� � WITNESS my�hand and iVotarialSeal the date aforesaid: �. ����.Y/�� .
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