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<br /> MOBTGACE
<br /> MORTGAGE LOAN NO. 22835
<br /> ` K1QOW ALL MEN BY THESE PRESGNTS:That Ri chard F. Werner and Maureen /�, Werner, each i n hi s
<br /> and her"own right and as spouse of each other
<br /> Mortgagor,whether one or more,in consideration of the sum of
<br /> Thirty Six Thousand Seven Hundred dIICI NO/ZOO-----------------------------�--------'DOLLARS
<br /> loaned to said mortgagor by The 6quitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 367 shares of stock of
<br /> � said ASSOCIATION,Certiflcate No.L 22835 ,do hezeby grant, convey and mortgage unto the said ASSOCIAT[ON the foltowing
<br /> � � described real estate,situated in Hall County,Nebraska: . �
<br /> LOT TWENTY EIGHT (28), KENTISH HILLS SLBDIVISION,
<br /> LOCATED IN THE SOUTH HALF OF THE NORTHWEST QUARTER
<br /> OF THE SQUTHt�JEST QUARTER (SZNW4SW4) OF SECTION
<br /> TWENTY FIVE (25), TOWNSHIP ELEVEN (11) NORTH, RANGE
<br /> TEN (10) fdEST OF THE SIXTH P.M., HALL COUNTY,
<br /> NEBRASKA.
<br /> . together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings, all window screens,
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> � refrigera[ors,xnd other fixtures and equipment now or hereafter attached to or used in connection with sxid real esxate. �
<br /> � . And whereas the said mortgagor has agreed and does hereby ngree thal the mortgagor shall and will pay all taxes and assessments levied or �
<br /> � -� assessed upon said premises and upon this mortgage and lhe bond secured thereby before the same shall become delinquent;to furnish approved��
<br /> � . insurance upon the huildings on s:sid premises situated in the sum of$36����.U� payable to said ASSOCIATION and to deliver to said �
<br /> ASSOCIAT.O,L'tlie qolicias for said insurance;xnd nut to commit or permit any waste on or about said premises;
<br /> � . � In case of deTault in the performance of a��y of the terms and conditions of this�mortgage or the bond secured hereby,the morYgagee shall,�
<br /> . on @emand,be en[ided to immediate possession oC the mortgaged premises and the mor[gagor hereby assigns, transfers and sets pver�to�the .
<br /> mortgagee all the rents,revenues and income to be derived from the morxgaged premises during such time as the mortgage indebtedness shall remain
<br /> ' � unpaid;and the mortgagee shall have the puwer to appoint any agent or agen[s 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 /> � commiacions and expenses incurred in renting and managing the same and of collecting rcntat� therefrom; the balance remaining,if any,[0 6e
<br /> . applied toward the discharge of said mortgage indebtedness;these rights of the mort�agee may be exercised at any time during the exis[ence of such
<br /> default,irrespective of any temporary waiver of the same:
<br /> These Presents,however,are upon the Condi[ion,That iC the said Mortgagor shall repay said loan on or before�the mn[urity of said shares.by� � �
<br /> payment;pay monthly to said ASSOCIATIOA3 of tlie sum specified in the Hond secured hereby as interest a�d principal on said loan,on or before �
<br /> the Twentieth day of each xnd every month,until said loan is Cully paid;pay all taxes and assessments levied against said premises and on this Dlortgage
<br /> xnd the Bond secured there6y,before delinquency;fumish approved insurance upon the buildings thereon in tlie sum of 5 3E)�700.OO � payable
<br /> . to said ASSOCIAT[ON;repay to said ASSOCIATION upon demand alt money by it paid for such taxes,assessments and insurance with interest at
<br /> . the rnaximum legai rate thereon from date of payment all of which Mortgxgor hereby agrees to pay;permit no waste on said premises;keep and cortply .��
<br /> k � � with all the agreements and conditions of the Bond for 3 36��OO.OO this day given by the said Mvrtgagur to said ASSOC1ATlON,and comply
<br /> with all the requirements of the Cons[itution and By-Laws of said ASSOCiATION; then [hese presenis shall become null and void,otherwise[hey �
<br /> shall remain in full force and rnay be foreclosed at the option of[he said ASSOC1IATfOA.aFter failure for three months to make any o(said �
<br /> �� payments or be th�ee months in arrears in making said montltly payments,or to keep and comply wi[h the agreements and conditions of said Bond; �
<br /> and l�lortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. � .� � .
<br /> � � lf there is any cltange in ownership of[he real estate mor[gaged herein,by sale or otherwise,then the entire remaining indebtedness hereby � �
<br /> secured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br /> � further notice,and the amounf remaining due under seid bond,and any other bond for any additional advances made thereunder,shall,from the � � ���
<br /> dale of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be toreclosed to sa[isfy the amount due on said �
<br /> � bond,and any other bond for additional advances,[ogether with all sums paid 6y s:tid The Cquitable Building and Loan Association of Grand Island;� .� .
<br /> Nebratka for insurance,taxes and assessments,and abstracting extension charges, with interest thereon,from date of payment at the maximum
<br /> legal 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 assigns or successors in interest,which sums shall be within khe security of this mortgage the same as 2he funds originally .
<br /> � secured thereby,the total amoun[of principal debt not to exr.eed at any time the original amount of tlus mortgage. � � . �
<br /> nd�ed ctus 4th aay or October n.n.,i977
<br /> .l��E�.,ci��f. G%/�_..,_�t_�--
<br /> ���hard— erner �--�
<br /> Q�,.... � _- �L�-t2 '�aA 3 "
<br /> Maur n A.,Werner �
<br /> STATE OF NEBRASKA,� � >
<br /> ss On this 4th day of October i977 ,before me, . � �`.
<br /> COUNTY OF HALL ' "r�' ���,�
<br /> the undersigned,a Notary Public in xnd for said County,personally came � � ,�
<br /> Richard F, Werner and Maureen A. Werner, each in his and her own ric7 ht and as saouSe of
<br /> ` � . . . . . . . . who � .personally known to ; 7i���� .
<br /> � each other are
<br /> me to be the identica!person S whose natne 5 8 P� affixed to the above' trum t as mortgagor S xnd 't� severally `�;-
<br /> acknowledged xhe said instxament fo be thet r � votuntary act and detd. � � {� �
<br />� � �"t�fii��"'a d Nqtsrial Sea!th^�+ate aforesaid. � Y 1
<br /> . � � G€.NFtiAt hQ A� aca�r. x s P. . /\/ .
<br /> +n r�X r'rA�fT�f�T expi s �� �2 ��y .
<br /> q,y.,nixi.,i�fxn ' "".�I879 � � . � � .
<br /> ."�-.,�ar'.,p 4 Notary Public
<br /> .-. 61.$9i.It➢'...�. �" . . .
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