|
• +'`
<br /> II ,
<br /> 76" 000775 .
<br /> i' MORTGAGE — — — —
<br /> •
<br /> MORTGAGE LOAN NO. L 2 ,983 ,
<br /> KNOW ALL MEN BY THESE PRESENTS:That David J. Wetherilt and Susan L. Wetherilt, each in his
<br /> t4;,:.; and her own right and as spouse of each other
<br /> a
<br /> Mortgagor,whether one or more,ht consideration of the sum of
<br /> r6 Fifteen Thousand Two Hundred and No/100 DOLLARS
<br /> fi.i{.; loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 152 shares of stock of
<br />`t said ASSOCIATION,Certificate No.L 21,983 ,do hereby grant,convey and mortgage mno the said ASSOCIATION the following
<br /> Via`.:; described real estate,situated in Hall County,Nebraska:
<br />•i.",.,
<br />:t-!',,:
<br /> it-
<br /> LOT EIGHT (8) IN BLOCK THIRTEEN (13)
<br /> x
<br />.7IN GILQERT'S ADDITION TO THE CITY OF
<br /> GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />,s
<br /> ..''.•',. together together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> window shades,blinds,storm windows,awnings,beating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> 'rF refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br /> .
<br /> +` And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all 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 S 15 200.00 Payable to said ASSOCIATION and to deliver to said
<br /> s:: ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises;
<br /> If; In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall,
<br /> "`' on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> •
<br /> .ri" mortgagee all the tents,revenues and income to be derived from the mortgaged premises during such time as the mortgage 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 /> 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 /> ie'.' commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom;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 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 /> 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 S 15,200.00 payable
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all 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 /> P:"it;
<br /> with all the agreements and conditions of the Bond for S5 200 QQ this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> with all the requirements of the Constitution and By-Laws of?aid. JSOCIATION;then these presents shall become null and void,otherwise they
<br /> f.,: 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
<br /> A' 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 /> .A. and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br /> Yl` If there is any change in ownership of the real e;iate mortgaged 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 amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the
<br /> j.lL. 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 any other bond for additional advances,together with all sums paid by said The Equitable 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 /> F; makers of said Bond,their assigns or successors in interest,which sums shall be within the security of this mortgage site sante as the funds originally
<br /> s',_: secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> Dated hrs 13th day of ebruary 1 D.,19 76
<br /> ..
<br /> ft . , � (.(al..r'/ ../- , / ,_ &L/-6e'
<br /> David . Wetherilt usan ^e eri
<br /> STATE OF NEBRASKA,
<br /> ss. On this 13th day of February 1976 ,before me,
<br /> ' COUNTY OF HALL i ,
<br /> the undersigned,a Notary Public in and for said County,personally came
<br /> 'X'' ' David J. Wetheri l t and Susan L. Wetherilt, each in his and her
<br /> - own right .and as spouse of each other who are personally known to
<br /> me to be the identical person S whose name S affixed to the above instrumentsr�r}rtgagor S and they severally
<br /> .i.:)".. <acknowledged the said instihlment to be their voluntary act and deed. ( ///;;;(/
<br /> a' WITNESS:my hand and Notarial Seal the date aforesaid. �f// `\
<br /> My CoMm scion expires /p /
<br /> Notary Public
<br /> y� GErF 1i Pr lee tett — ) / Z j'7,,
<br /> � :_at Mt Noe...c a,.,.t..19:9
<br />
|