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<br />88-103569
<br />
<br />MORTGAGE
<br />
<br />MORTGAGE LOAN NO. L 25075
<br />
<br />
<br />KNOW ALL MEN BV TIlESl> PRESENTS: 'J'bat Gary L, Werner and Kathryn A, Werner, each in his and
<br />her own right, and as spouse of each other,
<br />
<br />Mortgagor, whe!her one or _, in coJUidention oftbe IUID of
<br />Fiftv Two Thousand Six Hundred Fifty and no/IOO ----------------------------------OOLLARS
<br />
<br />loaned to said mortgagor bi The Equilable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 527 sIwea of IItodt of
<br />said ASSOCIATION, Certificate No. L 25075 ,do hereby grant, conwy and mortsage unto the said ASSOCIATION the following
<br />desaibed real estate, situated in Hall County, NeblllSka:
<br />
<br />Lot Sixteen (16) and the South Sixteen (16) Feet of Lot Fourteen (14), "in Block Nineteen
<br />(19), in University Place, an Addition to the City of Grand Island, Hall County, Nebraska,
<br />
<br />tOFtber with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor cowriDgs, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and aec:essories theJeto,pumps,stcna,
<br />refrigeratoo, and other rlXtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />
<br />And whereas the said mortgagor bas agreed and does hereby agree that the mortgagor shall and will pay all taxa and __Is Icried or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to fumiIh appIIMld
<br />insurance upon the buildings on said premises situated in the sumof$ 52,650,00 payable to said ASSOCIATION and to deIiwr to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />
<br />In e;ue of default in the perfonnance of any of the terms and conditions of this mortgage or the bond secured hereby, the IIlOJt&Ilp: Ihall,
<br />on demand, be entitled 10 immediate possession of the mortgaged premises and the mortgagor hereby assips, transfeo and aets ..- to the
<br />mortpgee all the rents, rewnuos and income to be derived from the mortgaged premises during such lime as the mortgage indebteduea Ihall remain
<br />unpaid; and the mortgagee shaD haw the power to appoint any agent or agents it may desire for the purpose of repairing said premises and RDIin&
<br />the same and collecting the rents, revenuos and income, and it may payout of said income all expenses of repairing said premiles and neceauy
<br />oommissions and expenses incurred in renting and managing the same and of oollecting 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 my time during the existence of sucb
<br />default, irrespectiw of any temporary waiver of the same.
<br />
<br />'These Presents, howewr, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of Slid shares by
<br />payment; pay monlhly to said ASSOCIA'fiON of the sum specified in the Bond secured hereby as interest and principal on said loan, on or beflR
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied againJt said premises and on this MortpF
<br />
<br />and the Bond secured thereby, before delinquency; furnish approwd insurance upon the buildings thereon in the sum ofS 52,650,00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance within_at
<br />the maximum legal rate thereon from dale of payment all of which Mortgagor hereby agrees to pay; pennit no waste on aid premises; keep and comply
<br />
<br />with all the agreements and oonditions of the Bond for $ 52,650. 00 this day giwn by the said Mortgagor to said ASSOCIAnON, and comply
<br />with all the requirements of the Constitution and By-Law. of said ASSOCIATION; then these pretents shall become null and wid,otherwile 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 Slid
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of aid Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire mnaittln& inde~ hereby
<br />secured shaD, 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 aid bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exerciBc: of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the lDIOunl due on Slid
<br />bond, and any other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Aaoc:iation of Grand bland,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension chsrges, with interest thereon, from date of payment at the maximum
<br />JeSal rate.
<br />
<br />.' As r,OYided in the Bond secured hereby, while this mortgage remains in eITect the mortgagee may hereafter advance additional sums to the
<br />malteo 0 ,said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds 0ri8inaJly
<br />..cured thereby, the to amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />
<br />1st day of July A.D.. 19 88
<br />
<br />
<br />Kathry A, Werner
<br />STAre OF NEBRASKA,l a.
<br />COUNTY OF HALL ~
<br />
<br />On lllis
<br />
<br />1st
<br />
<br />day of
<br />
<br />July
<br />
<br />19
<br />
<br />88, beflR me,
<br />
<br />the undersigned, a Notary PubUc in and for said County, penonallycame
<br />Gary L, Werner and Kathryn A. Werner, each in h is and her own rigq,~& are personally known to
<br />and as spouse of each other,
<br />me to be the identical person S whose name s are affIXed to the above instrument as mortgagor S and they IIIlYCraIly
<br />Idcnowledged the said instrument to be the i r voluntary act and deed. :2
<br />WITNESS my hand and Notarial Seal the date aforesaid. a
<br />My Commission expires //-.,( S- -/,J'
<br />/,/ '2?l c: C /J/'Y
<br />
<br />~ ,/ Notary PubUc
<br />....WI. lar...,-l1l1t" ........
<br />JOANNE (J, ROUSH
<br />~ Mr Comm. &p. Nor, Z5. 1!188
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<br />..1I-DI a.
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