|
Fild for record!L1�P�_LL?/J/S t
<br />fte page
<br />ROFIt J Fisher; 'Register of Deeds,
<br />Hall County; .Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 21'o579- MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That Mitchell S. Waggener and Betty M. Waggener, each in 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 />Twenty Six Thousand Five Hundred and No/100-----------=-------------=----------------DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 265 shares of stock of
<br />said ASSOCIATION; Certificate No. L 21 ,579 MGI C , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />(� described real estate, situated in Hall County, Nebraska:
<br />LOT THIRTEEN (13) VILLA MAR DEE SUBDIVISION, LOCATED .ON LOT 12,
<br />SUB. DIVISION OF LOT 9 AND ALL .OF LOTS 7 & 8 IN WINDOLPH'S
<br />SUBDIVISION PART OF NE -',NW-, AND PART NORTHWEST NES SECTION 14
<br />TOWNSHIP 1T NORTH, RANGE 9 WEST 6TH P. M. HALL COUNTY,' 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, lieating, 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 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 26 ,500.00 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 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 />mortgagee all tile rents, 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 />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 exercised at any time during the existence of sucli
<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 S26, 500.00 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 />with all the agreements and conditions of the Bond for S 26 1500. 00 this day given by tite 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
<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 />and Mortgagor agrees. to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any.change in ownership of the real estate 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 />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 />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
<br />secured. tile reby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dated this l St` day of May A. D., 19 75 ' 1
<br />Mitchell agge .13effyi M. wagge,nev
<br />STATE OF NEBRASKA, ss. On this . 1St day of May 19 75 ,before me,
<br />• COUNTY OF HALL
<br />the un e[si ned N to Public in an or said ounty ersonally quite
<br />Mitchell S . - Waggener and Betty M. Waggener, each in A.l s� ati� �ier� own ri gR antic as •house OT
<br />each of who are personally known to
<br />` f-!�6 t{tE e porson: S, whose name S are affixed to the above instrument as mortgagor S and• they severally
<br />a �o0jj4je* tie 'i strument to be thei rvoluntary act and deed.
<br />o .e
<br />Vt. ��GKITN S my hand and Notarial Seal the date aforesaid.
<br />yf. MGf ;FSY ission.expires f
<br />10
<br />EXPIRES .
<br />otary, Public
<br />
|