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<br />I
<br />
<br />88-
<br />
<br />101571
<br />
<br />MORTGA<IH
<br />
<br />MOR'H~AGE LOAN NO. L
<br />
<br />25002
<br />
<br />KNOW ALL MEN BYTIIESEI'RESENTS: That Ralph E. Wilhelmi and Patty K. Wilhelmi, each in his and
<br />her own right, and as spouse of each other,
<br />
<br />":
<br />
<br />Mortgagor, whether one or more, in oonsideration of the sum of
<br />Nineteen Thousand and no/ 100-------------------------::.::::::.=-------------------------=.1XJLLARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 190 shares ofstock of
<br />said ASSOCIATION, Certificate No. L 25002 , do hereby grnnt, convey ami mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in lIall County, Nebraska:
<br />
<br />The Westerly Twenty-Six (26) Feet of Lot Two (2), and the Easterly Twenty-six (26) Feet of
<br />Lot Three (3), all in Block Two (2/, in Gladstone Place, an Addition to the City of Grand
<br />Island, Hall County, Nebraska.
<br />
<br />together with all the tenements. hereditamenls and appurtenances thereunto belonging, including allached 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 allached tu or used in connection with said real estate.
<br />
<br />And whereas the said mortgagOl has agreed and docs 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 Ihe bond secured thereby before the same shall become delinquent; to furni~h approved
<br />insurance upon the buildings on said premises situated in the sum of $ 19,000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not 10 commit or permit any waste on or abuut said premises;
<br />
<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 mortgagur hereby assigns, transfers and sets over to the
<br />mortgagee all the 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 incume, and it may payout 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 />ap!)lied 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 />
<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 10 said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loao, on or before
<br />the Twentieth day of each amI every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 19,000.00 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 />
<br />with all the agreements and conditions of the Bond for S 19.000.00 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
<br />payments or be three months in arrears in making said monthly payments, ur to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed furthwith in such foreclosure plOceedings.
<br />
<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, shaU, 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 dut on said
<br />bond, and any other bond fur additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />NebrlUka for insurance, taxes and assc5.!lments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />
<br />As provided in the Bond secured hereby. while this mort~ge 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 murtgage the same as the fundsoTiginally
<br />secured thereby, the total amoont of principal debl not to exceed at any time the original amount of this mortgage.
<br />
<br />
<br />day of
<br />
<br />March
<br />
<br />A. D., 19 88
<br />
<br />,.
<br />
<br />Pa ty K. Wilhelmi
<br />
<br />STATEOFNEBRASKA,l !IS.
<br />COUNTY OF HALL ~
<br />
<br />On this
<br />
<br />29th
<br />
<br />day of
<br />
<br />March
<br />
<br />19 88 ' before me,
<br />
<br />l
<br />
<br />the undersigned. a Nutary Public in and for said County, personally came
<br />Ralph E, Wilhelmi and Patty K. Wilhelmi, each in his and her own
<br />
<br />right. and as spouse of each other
<br />
<br />me 1'0 be tbe identical peuon s whO$(: n~me s are affixed to the above,il\St(U;;;;~lllortgagl1J s
<br />
<br />aclr.nowled8Cd the uld instrument to be the t r voluntary act and deed. '
<br />
<br />WITNESS my hand allll Notarial Sealth~ date aforesaid. ~
<br />
<br />My C"IlIminiun r:lt(lire' <? I tf '1
<br />
<br />-:C-3ir\i "0- ;:'7
<br />
<br />who
<br />
<br />are
<br />
<br />personally known to
<br />
<br />ami
<br />
<br />they
<br />
<br />severally
<br />
<br />161ll lit III
<br />
<br />
<br />.//
<br />//'
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<br />- /' ,..:/.:':...- _:R;~:..:;:..:Xf~., Ptlli~~-
<br />, . ar~, I lie
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