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<br /> • MORTGAGE
<br /> MORTGAGE LOAM No._ L 21,839 •
<br /> iOOWALL MIN BYTHESE PRESENTS;That Jack 'L. Wagner and Betty J. Wagner, each in his and her
<br /> own right and as spouse of each other, Mortgagor,whether one'ormore,Inconsideration ofthe stun of
<br /> Forty-six Thousand and No/100 •• •DOLLARS
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand lsland,Nebraake,Mortgagee,upon 460 shares of stock of •
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<br /> said ASSOCIATION,Certificate No.L 21,639 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County,Nebraska:
<br />• LOT TWENTY-ONE (21) CAPITAL HEIGHTS SIXTH
<br /> SUBDIVISION, HALL COUNTY, NEBRASKA. • •
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<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 /> refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />• ' And whereas the said mortgagor has
<br /> agreed and does hereby agree that the mortgagor shall and will pay ail taxes and assessments levied 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 S46,000.00 payable to said ASSOCIATION and to deliver to said
<br /> ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises;
<br /> in case of default in'Me performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall, '
<br /> on demand,be entitledto immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> mortgagee all the reats,revenues and income to be derived from the mortgaged premises during such time as themortgage indebtedness shall remain
<br /> unpaid;and 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 /> i'' the sante and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing raid premises and necessary
<br /> --commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom:the balance remaining,if any,t0 be
<br /> applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such
<br /> default,irrespective 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 shares by
<br /> aaa payment;pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or before
<br /> the Twentieth day of each and every month.until said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage
<br /> and the Bond secured thereby,before delinquency:furnish approved insurance upon the buildings thereon in the sum of 5 46,000.00 payable
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand ail money by it paid for such taxes,assessments and insurance with interest at
<br /> the maximum legal rate thereon from date of payment 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$ 46,000.00 this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> with all the requirements of the Constitution and By-Laws of said ASSOCIATION;then these presents shall become null and void,otherwise they
<br /> shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
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<br /> payments or be three'months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond;
<br /> aa and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br /> II'there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby . .a '
<br /> •• secured shall,at the option of The Equitable Building and Loan Association of Grand island.Nebruska,become immediately due and payable without
<br /> a. 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 exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said
<br /> bond,and arty other bond for additional advances,together with all sums paid by said The Eqaitable Building and Loan Association of Grand island.
<br /> • Nebraska 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 the security of this mortgage the same as the funds originally i •• •
<br /> ;la secured tlsI'reby,the total-amount of principal debt not to exceed at any time the original amount of this mortgage. _
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<br /> Datedthiis 3?6tlfi day of September n.15.,1975 y
<br /> 0a. L. Walther .' Betty 4vagneh
<br /> a. STATE OF NEBRASKA,
<br /> ss. On this 26th day of September 19 7'1 ,before int,
<br /> COUNTY OF HALL p
<br /> the undersigned,a Notary Public in and for said County,personally came
<br /> ▪ Jack L. Wagner and Betty J. Wagner, each in his and her own right and as spouse or each
<br /> Other, who are personally knownto
<br /> me to be the identical persons whose names ,pas' alFxadt0,the above inslrument as mortgagor S and they severally
<br /> ▪ acknowledged the said instrument to be their vekicontl set anddeed. j
<br /> 'WITNESS my hand and Nott(arsai Seal the date afotesstd // /
<br /> My Commission expires I 7 :Jtr ? ! �
<br /> 2 ,�' s. ,:,.,...• ,r•..: � •J ...L 4-
<br /> 3-73-2M - - -
<br /> • Notary Public
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