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87, 105969
<br />MORTGAGE
<br />MORTGAGE IRAN No. L 24912
<br />KNOW ALL MEN BY T IESF PRFSF.NTS: That Larry G, Wells and Karen E. Wells, each in his and her
<br />o m right and as spouse of each other, Mortgagor, whathw ON IN mare, in amddamim of the tlma of
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<br />lamed to stud mnagspur by The Equitable Building and t.can Asstwiatiun of Grand Island, Nabradta, Mortgagea, upon 165 *Maroc**(
<br />aid ASSOCIATION, Certificate No. L 24917 , do hereby grant, convey and mortgage unto the stud ASSOCIATION the falowfpg
<br />described real auto, situated in Had County, Nebraska:
<br />Lot Five (5), in Block Sixty -Seven (67), in Wheeler and Btnnett's
<br />second Addition to the City of Grand Island, 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, heating, air conditioning,and plumbing and water equipment and accessories therelo,pumps,sloves,
<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 amesaneats 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 16, 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 monswe dtall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to rise
<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 income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />consississions 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 du ft the existence crouch
<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 acid 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 16, 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 16, 500.00 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 />shsdl ruin in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to mace 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 Budding 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 />boad,and any other bond for additional advances, together with all suns paid by said The Equitable Building and Low Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the raximum
<br />leggy rate.
<br />As ovided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional Runs to the
<br />makers of �d Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the ante as the funds originally
<br />steamed thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />DAIPPM 8th ' day of ® October A. D., 19 87
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<br />STATE OFNFBRASKA, I sal. ti
<br />COUld1'1' ff HAL
<br />On this 8th day of October 1987 ,befomno,
<br />I
<br />I u r ' d, a Not! y bhc in ad for said County r come
<br />Larry G. Walls and Karen E. Wells, each in his an env own rIg'� an c� as spouse "reac
<br />other, who are personally known to
<br />nor to be the identical person g whose tame s$ are affixed to the above insttuneni as mortgagor S and they s wordy
<br />the ssid inatrurrwnt to bra their voluntary act and deed.
<br />MUM my hand and NotatW Seal the afotesshl.
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