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<br /> l: MORTCACE r, g�a,
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<br /> � MORTGAGE LOAN NO. L � , ��'� r��
<br /> KNOWALLIMENBYTIiESEPRESENTS:That �dY'y L. Werner and Kathryn A. Werner, each in his and R 3 �
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<br /> her own right and as spouse of each other � 4�` �� �
<br /> � � : �
<br /> ` Mortgagor,whether one or more,in consideretion of the sum of -
<br /> `� Thirty Four Thousand Six Hundred Fifty and No/100----------------------------------�L�� z ; ` ``
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<br /> ;� . �:loaned to said mortgagor by The Equitable Building and Luan�Associa[ion of Grand[sland,Nebraska,Mortgagee,upon 346 shares of stoek of � ' �,i � �.F�
<br /> ,3 � �said ASSOCIATION�,�Certifieate No.�L 2$�12J MGj,QIo hereby grant,convey and mortgage unto the said ASSOCIpTION the following {. ��'�
<br /> � � . dexribed real'estate,situsted im Hall Counry,Nebraska: a �
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<br /> :"� THE SOUTHERLY THIRTY (S30' ) FEET OF LOT TWELVE (12), t ! , '.��;;
<br /> �� AND THE NORTHERLY THIRTY (N30') FEET OF LOT FOURTEEN �„�``�
<br /> � `. e a�:,�
<br /> -� (14), ALL IN BLOCK NINETEEN (19), IN UNIVERSITY PLACE, � x
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<br /> ,� AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, y
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<br /> together with all the tenements,hereditaments and appurtenanas thereunto belonging,including attached floor coverings,all window screens,� � ��`` �Zs`�,
<br /> window shades,blinds,storm windows,awnings,heating,air condiNoning,and plumbing and water equipment and acttssoriesthereto,pumps,rtoves, ; `�``�� ����
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<br /> � rcfrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estata . . r �. ,� .y���a ,:
<br /> ;y , . .�. And�whereas[he said mottgagor Itas agreed and dces hereby agree that the mortgagor shall end will pay all taxes and as�essinents levied or� � t�'* ��'�
<br /> �� auesud upon said�premises and upon this mortgage and the bond ucured thereby before the same shali bewme delinquent;to Furnish approved F w�,,,"�*�4�'"'�
<br /> �insurana upon the buUdings on said premfxs situated in the sum of$ 34,650.00 payable to said ASSOCIATION and to deliwr to said i�.y. �
<br /> + �.ASSOCIAI'tON the policies for said insurana;and not to wmmit or permit any waste on or about said premises, � � t��^
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<br /> z � �.In case of deCault In the performance of any of the terms and conditions of this mortgage or the bond.secured hereby,the mortgagee shall, � ( � �tx.�,'"���
<br /> � on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and xts ove[ to the � + �- �` �'�'*�'' �
<br /> .� mor[gagee all the�rcnia,revenues and income to be derived from the mortgaged premises during such tlme as the mortgage indebtedness shall remain� ` F�' "'� ��
<br /> ��unpaid;�and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpou of repairing eaid�premises and Yenting � � '
<br /> the ss[tx and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premius�and necessacy . �
<br /> 5 ��commissions and expenses incurred in rrnting and managing ffie same and of collec[ing �rntals thercfrom; the balana remainSng,if any,to be- � ���. r 4 :;
<br /> � applied toward�the discharge of said mortgage indebtedness:these rights of the mortgagee may be exercised at any time during the existena of such
<br /> default,irr Mive of an tem '� '"'����
<br /> r espe . Y porary waiver of the same. . �
<br /> y ' ���-These Presents,however,are upon-the Condition,That if the said Mor[gagor shall repay said loan on or before the matwiry of said shares by � � '�r
<br /> ?,-` � payment;pay monthly to said ASSOC[ATION oF the sum specified in the Bond secured hereby as interest and principal on said loan,on or beFore � 4
<br /> � the Twmtieth day of each and every month,until said loan is futly paid;pay all taxes and asseumrnts levied against said premixs and on this MoRgage. � ' �.��
<br /> and:tht Bond securod thercby,.before delinqumcy:furnish approved insurance upon the buildings thereon in the sum of S Q able � � � ° ^-.^
<br /> � ro�said pSSOCIATION:rc to said ASSOCIATION u y y i P �4 650.p PeY -.. t,
<br /> paY pon demand all mone b t aid for such taxes,asseaaments and ms�rance wctFt interest at E � .�
<br /> the�maximumiegal rate thereon from date of paymrnt all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply�� ;,� � i�:`s'"��
<br /> �.
<br /> with all the agreements and conditions of the Bond for S 34,650_00 [tus day given by the said Mortgagor to said ASSOCIpT[ON,and comply i '�'4��
<br /> �`� with all the requirements of the Constitution and By-[.aws of said ASSOClATION;thm theu preunts shall become nuU and void,otherwix they. �
<br /> �` shall�remain in full force and�may be foreclosed at the op[ion of the said ASSOCIATION after failure for three months to make any oF said� i� ,��z..
<br /> ' payments or be three months in arrears in making said monthly paymrnts,or to keep and comply with the agreements and conditions of said Bond; ��
<br /> and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. . " � ��?
<br /> ` S> :
<br /> ; IF there is any change in ownershIp of the real estate mortgaged herein,by sale or othenvise,then the rntire remaining indebtedneu hereby i'rs
<br /> ,. �� secured�shatl,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due.and payable without
<br /> ��.Purthu notict,and the�amount retnaining due under said bond,and any other bond for any additional advances made thereunder,shatl,from the �
<br /> �� date of exercise of�sid option,bear interert at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said `-s;
<br /> �:� bond,and any other bond for additional advences,together with all sums psid by said The Equitable Bw7ding and Loan Association of Grand Island, '`�;y
<br /> ,Y �Nebraslca for insaranoe,tazes and asuuments,and abstrecting extmsion charges,with interest thereon, from date of�payment at the maximum � ���,�;,,
<br /> legal nta
<br /> �� �As provided in the Bond.securcd hereby,while this mortgage remains in effed the mortgagee may hereafter advance additional aums to the � f '�' ?
<br /> maken of said Bond,their assigns�or successors in interert,which sums shall be.within�the secuzity of this moRgage the same as the funds originally '' -
<br /> aecured thereby,the Lota3�amouat of principal deb[�not to exceed at any time the original amount of this mortgage. � �
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<br /> � naua en� th aeY oe Mdy A.D..19 J$ � _f ;
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<br /> _,;G•� Gae er er,;_
<br /> .� °�hryn f.i;We�ner ' � .,:��;
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<br /> J S'I�A7'fi OF NEBRASICA.�u ' On this 25'�h day of Mdy 1978 ,beforo me, � "�'"� �
<br /> 5
<br /> 1 COLiNTY OF HA�.Y,
<br /> � ' t� ., . y the underaigned.a Notary Public In and for said Counry,personally cune
<br /> Gary' L , W�iinqer=�an ''�1��,�rner, each i n hi s and her own ri ght and as spouse qf each I ,
<br /> '�" "" C'��1CP �t.: �iA/j+��c� . : who peraonalsy known to
<br /> y� ,r m°W be Yhe Yden, `'� ��,j9'�P'C are a�ixed to the abow instrument as mortg�gor 5 and they uverally ' �,
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<br /> . F1.tY ai � !' ••••�,S`� Notary Public
<br /> � ��TF OF IVE�`�` � !
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