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<br /> 77- �»�.�3(�
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. � ZZ78O
<br /> KNOWAI,LMENBXTHESEPRESENTS:That RUSS2�1 R. Wing and Diana M. Wing, each in his and her
<br /> :"; own right and'as spouse ofi each other
<br /> � _Mortgagor_wh_cher one o_more_in consideration ofthe sum of
<br /> ? Forty Two Thousand and No/100--------------------- �oLLA�s
<br /> % loaned to said mortgagor by The Equitable Buildin nnd Loan Association of Grand Island,Nebraska,Mortgagee,upon 42� shares of stock of
<br /> said ASSOCIATION, Gertificate,No.L 2278� ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> described'real'estate,situated in Hal1 Counry,Nebraska:
<br /> � i ° LOT EIGHT (8) IN BLOCK TWENTY (2p) IN PACKER & BARR'S
<br /> "' SECOND ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA.
<br /> AND
<br /> THE N�ESTERLY SIXTY-ONE (W61') OF TNE EASTERLY SEVENTY-
<br /> FOUR PEET (E74') OF LOT FIVE (5) , BLOCK ONE (1) IN
<br /> 4lESTERHOFF'S FIRST SUBDIVISION IN THE CITY OF GRAND
<br /> ISLAND, HALL COUNTY, NEBRASKA.
<br /> � � � toge(her with ull�the tenements,hereditaments and appurtenances thereunto Uelonging,inctuding attached floor coverings, all window scroens,
<br /> � window.shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and wxter equipment and accessories thereto,pumps,stoves, .
<br /> r .���. refrigerators,xnd other Fixtures and equipment now or hereafter attached to or used in connectiodwith sxid real estate. �
<br /> And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and auessments leried or
<br /> assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent;to furnish approved
<br /> . � insurance upon the buildings on said premises situated in the sum oF$ 42�00�.�0 payable to said ASSOCIATION and to deGver to stid . �
<br /> . �� � ASSOCIATION the policies for said insurance;and not to commit or permit any was[e on or about said premises; . �
<br /> � � ��In case of default in the performance of any of the[erms and conditions of this mortgage or t}tz bond�.secured hereby,the mortgagee shall,
<br /> on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, tramsfers and seis over to the
<br /> �:� . � mortgagee ap the rents,revenues and income to be derived from the mortgaged premises during such time xs the mortgage indebtedness shall remain
<br /> � ��unpeid;and Uie 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 cuilecting the rents,revenues and income,and it may pay out of said income al1 expenses of rapairing said piemises and necessary
<br /> E z � �commissions and�expenses incurred in renting and managing[he same and of collecting rentals tltetefroin; 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 exisrence of such
<br /> default;iirespective of any temporary waiver of the same. � � � .
<br /> � �� � These.Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shues by
<br /> ;� " payment;pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest an¢prirtcipal on said toan,on rn beFore
<br /> . �the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments le�ied againsi said premises and on this Mortgage
<br /> and tlte Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of y¢2,QOQ.QQ payable
<br /> �to�said�ASSOCIATION;repay to said ASSOCIATION upon demand all money by it pxid for such taxes,assessments and insurance with interest at��
<br /> .�� the maximum legal rate thereon&om date o('payment aU uf which Mort6agor hereby agrees to pay;permit no waste on said premises,keep xnd comply
<br /> �.with all the.agreements and conditions of the Bond for$ Q.2�QQQ QQthis day�given by the said blor[gagor to said ASSOCIATiON,and compiy �
<br /> with alt the�equirements of the Constitution and$y-Laws of said ASSOCIATION-chen these presents shall become null and void,otherwise they
<br /> ��shal!remain in�futl force and may.be foreclosed at the option of the said�ASSOCIATION aher failure for three months�to make�any of said .
<br /> payments or be three months in arrears in making said monthly payments,or to keep and compty with the agreements and cnnd'rtions of said Bond; �
<br /> . and Mortgagor agrees lo have a recciver appointed for[hwitfi in such foreclusure proceedings. � . �
<br /> lf there is any change in ownership of the real estate mortgaged lierein,by sale or othernise,[hen the entire remaining indebiedness hereby
<br /> � secured shall,ai the option of The Equitabie Building and Loan Association of Grand Is1and,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 exetcise of said option,beaz interest at the maximum legal rate,xnd this mortgage 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 F.qu'sta6le Building and Loan Association of Grand Island, '
<br /> � Nebraska for i�surance,taxes and assessments,and absiracting extension charges, with interest thereon, from date of paymenx at the ma�cimum
<br /> . � �' legulraie. �� �� : . � . � � . . .
<br /> As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may he�eafter advance additional sums to the
<br /> �makers of said Bond;[heirassigns or successors in interest,wh3ch sums shall be within the securiry of this mortgage the same as the funds originally ' . �
<br /> � .� secured thereby,the totat amount of principal debt not to exceed at any time the original amount of this mortgage. � .
<br /> cea�n;s ' th aaY of August w.n.,i9 77
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<br /> u� R. Wing _ � .
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<br /> '� Di ana M.:Gti ng
<br /> ;7 STATE OF NE$RASICA,i ss, n this ��th day of /�UgUS t 19�7 ,befoce me, �
<br /> : COUNTY OF HALL� ��,
<br /> - the un e si ned a Notar Pu lic in d for said County erson� came ' � �
<br /> ? Russell R. Wing and Diana M. Wing, each irt his an� ��r bwn r�gh� anc'�as spouse b� eac� ��' :�w~'-
<br /> �' ��' 4 , . � �� � � . . who are personally known io . � ;
<br /> �, Iv�C/(,c- . . . . . . � .
<br /> � �`sne(N�e.ihF 3d�t persong whosc namg a�^e aft`ixed to the above instrument as moRgagor S �d they ��r�Y ',�� �
<br /> ,acknowled�g��e sai ' strument to be thei M voluntary act and deed.
<br /> Y� } ' �'Np�q,�y ;W�t�,SS my hand and Notariat Seal the date aforesaid. ,�
<br /> �"n.�a7�V�Y �ty mmission exp'ues \ �n � � ��(- -
<br /> X tRES . �J�:k��� � a P .. . . . �S�� �..a_.�
<br /> l'� �� A : � � Notar Public
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