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$6- 106971 <br />MORTGAGE <br />MORTGAGE LOAN NO. L 24, AA3 <br />K14OW ALL MEN BY THESE PRESENTS: That David J. Wetheri It and Susan L. Wetberil t, each in his ' <br />and her awn right and as spouse of each other, Mortgagor, whether one or mote, a comidimmoa of the suss of <br />louwd to aid Mwlgogor by The Equitable BuMag and Loan Association of Grand Island, Nebndn, Mortswe, upon 60U shoes "of aloek of <br />sold ASSOCIATION, Certificate No. L P4 [6 do hereby grant, convey and mortgage unto the said ASSOCIATION the foBowug <br />deaaibed real estate, situated in Hall Count, eiraska: <br />Lot Twelve (12) Block Four (4) , Brentwood Subdivision, <br />in 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 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 dull become delinquent; to furnish approved <br />insurance upon the buildings on said premises situated in the sum of S 60, 000.00 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 dull, <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 an the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shau 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 />comrrosions 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 dischage of said nwagage 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 seared thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of $ 60,000.00 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 />with all the agreements and conditions of the Bond for S 60, 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 stall become null and void, otherwise they <br />date remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to nuke 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 reap estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby <br />secumd 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, dull, 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 />lewd 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, the total amount of principal debt not to exceed at any time the original amount of this mortgage. <br />Dated tj 3r ay of October A. D., 19 86 <br />STATE OF NEBRASKA, <br />COUNTY OF HALL On Urals 3rd day of October 19 86 , before me, <br />the undersigned, a Notary Public in and for aid County, personally cam <br />David J. Wetherilt and Susan L. Wetherilt, each in his and her cwnA�ghhtt and p&AW?jWa,?& <br />each other, <br />ms to the the identical parson s whose mares are affixed to the above inst as mortgagor S and the severally <br />acknowledged the said instrument to be their voluntary act and deed. � <br />WITNESS my hand and Notarial Seat the data afuressid. <br />My Common expires <br />Inc <br />NOW <br />»rase ate. <br />