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Fiorrreco"r'.t. in B.o. %v
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<br />00:9,391 Jean slier, Register of De�4
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<br />MORTGAGE Aal l 'irnnn+ Trchv n b
<br />MORTGAGE LOAN NO: L 21';795 MGIC
<br />KNOW ALL'MEN BY THESE PRESENTS: That' : Marvin C. Wemhoff and Ellen M. Wemhoff, .each in. his and
<br />her Nn 'ri.ght and as Spouse of each other, Mortgagor, whether one , or more, in consideration of the sum of
<br />Twenty-seven Thousand Nine Hundred and No/300--------- =----=-----=-----=----------- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon, 279 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21., 795 MGIC do hereby grant, convey and' mortgage unto 'the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska: '
<br />LOT ELEVEN (11) IN BLOCK TWO (2) IN
<br />LAMBERT'S SECOND ADDITION TO THE: CITY OF
<br />GRAND ISLAND, 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 />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 $27 900. 00 1 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 tlie: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 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 27., 900.00 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 27 , 900.00 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
<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 cliange•in ownership of the real estate mortgaged herein, by sale or otherwise, then tile; entire remaining indebtedness hereby
<br />secured shall, at the option of.Tlie 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 thereby; clic total amount of principal debt not to exceed at any time tlie.original�amount of this mortgage.
<br />Dated this j 28th day of August A. D.,19 75
<br />Mh.rvi n C.'.Wemhoff Ellen M. Wemhoff
<br />STATE OF NEBRASKA, s
<br />COUNTY OF HALL S. On this 28th day of AU9USt 19 75 ,before me,
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<br />the undersigned, a Notary Public in and for said County, personally came
<br />Marvin C..Wemhoff and -Ellen M. Wemhoff, each in hi -s and her own right and as spouse of
<br />each who are personally known to
<br />in,
<br />a 1he iakfcc onS whose names are affixed to the above instrument as mortgagors and they severally
<br />i
<br />ac no�wlpdggd•tiigr hist ent to be their ►^ voluntary act and deed.
<br />NESS Nand and Notarial Seal the date aforesaid.
<br />• co t cgyitroplri 0 on expires 1 f
<br />EXPIR"cS
<br />t• 9G roto Notary Public
<br />•. OUST 31, �,•: ,�
<br />' 9TH;•••.•..•.• ���, -
<br />OF N rD� L�L/,
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