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1069ar1
<br />Re- Record to show correct
<br />payment dates
<br />MORTGAGE AND CONSf RMMON SECURITY AGREEIKE U
<br />MORTGAGE. LOAN NO. ._L 24 r r
<br />David J. 6ietheri It and Susan L. Wetherilt, each in his
<br />and her awn right and as spouse of each Other, Mortgagor, whether one or more, in consideration of the sum of
<br />Six v Thy and .npLIQQ
<br />loaned to said mortgagor by The Equitable Buddimt and lawn Asstw-iatim of Grand Island, Nebraska, Mortgagee, upon 600 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24 pO' , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall Countyl, NeL ka: X!
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<br />Lot T%* -Ive (12) Block Four (4) , Brentwood Subdivision, f,
<br />in the City of Grand Island, Hall County, Nebraska. c
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<br />together with all the tenements, tiered itamenis and appurtenances thereunin belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air condilromng, 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 herchv agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this rnortgage and the hond secured thereby hd_ore the carne shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated to the sum of 3 60, 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies fill said insurance, and not to comma or permit any waste on w about said premises:
<br />In case of default in the performance of any of the terms and couditrom of this nnntgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be. entitled to immediate possession of the mortgaged premises and the nurrtgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises wring such tune as the nmrtgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire f•ro the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of aid 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 ,lights of the mortgagee may he 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 Condit ion, That if the said Mortgagor %tall renav said loan on of before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum spc abed in the Bond rcured herehv 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 pre ruses and on this Mortgage
<br />and the Bond seemed thereby. before delinquency: furnish approved insurance upon the buildings thereon in the sum of 5 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 Willi 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 5 6U , 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />Willi all the requirements of the Constitution and By-1 aws of said ASSOCIATION then these presents shall become null and void, otherwise they
<br />shall retrain in full force and may he foreclosed al the (option of the cud 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 iv 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 Building and loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further entice, 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 band for additional! advances, together with all sums paid by said The Fqmtable Building and Loan Association of Grand Island,
<br />Nebraska for assurance, taxes and assessments. and abstracting extension charges, with interest thereon, front date of payment at the maximum
<br />legal rate.
<br />As provided to the Bond secured !iereby. while this mortgage remains in effrct the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, then assigns or successcxs in interest • which sums shall be within the security (if this mortgage the same as the funds originally
<br />secured illeretiv. tie total amount of principal dehm not to exceed at any litre the original amount of this mortgage.
<br />D tea sting 3rck /day of C `,abet' A t; , b6
<br />ST'ATI: OF NEBRASKA,
<br />sal.
<br />COUNTY 01; HALL
<br />19 86 , before me,
<br />Cite undersigned, a Notary Public in and for said County, personally name
<br />Davidd .i. Wethi:.ri.lt arri Susan L. eJett tilt, each in his Uri izr own , 1«h t. amt * `K }
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<br />or M be the Arntter5 I <iv:,r 3 whore nAroes uj"U (fxrcl to the above mstrilmrrioi as r wlgagoi S and tIs'y. _� worrialiy
<br />atJinrtw9ersgr<I the scald taionas atemt n, Cwt tlfe j.l mohinlAry act mid deed. -
<br />wPl'v1 :`a env 1. rni aaai Noiatial Seal the elate afrarrsauh
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