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86- 107463
<br />MORTGAGE
<br />MORTGAGE LOAN NO. _L 24.,7 1 R
<br />IMM ALL MEN NYTNESE PRESENTS: That Gary B. Wit and Marti Ann Wit, each in his and her own
<br />right and as spouse of each other, Mottessor, whether one or more, in consideration of the cute of
<br />Thirty Fivp Thnuhaand and na/ 100 __ _ N --------------- — ----- _______.DOLLARS
<br />bated In mid ttnr'0 9 by The Equitable Budding and Lout Association of Gnmd Idutd. Nebraska, Mortagee, upon 350 sharp of stock of
<br />said ASSOCIATION, Certificate No. L 24 ta 7 Y l3 ,convey and mute the said ASSOCIATION the fogowLtg
<br />d$Kr& i d CAUSE, situated in Hag Count
<br />Lot Five (5), in Block Eight (8), in Sheridan Place,
<br />in the City of Grand Island, Hall County, 1E
<br />together with all the tenements, heteditaments and appurtenances thereunto belonging, including attached floor coverings, all window arreens,
<br />window shades, blinds, storm witidows, awnings, heating, an 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 t hat the mortgagor stall and will pay a6 taxes and asesments levied or
<br />ataeased upon said premises and upon this ntmple and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />ilt a upon the buildings on said premises situated in the sum of S 35, 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 rase of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee stall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets ova to the
<br />mortpgee all the tents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall memaiu
<br />unpaid; and the mortgagee stall have the power to appoint any agent or agents it may desire for the purpose of repairing said prCUMbn sod rdrtiog
<br />the same and eolledirg the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in tenting and managing the same and of conectug rentals therefrom; the balance
<br />atoward the discharge of said mortgage indebtedness; these is of the mortgagee remaining. if any, to be
<br />t, irrespective of any temporary waiver of the same. rlgagee i1°y be exercised at any time during due existence of such
<br />These Presents, however, are upon the Condition, That if the said Mortgagor stall 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 secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 35, 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION uprm demand all money by it paid for such taxes, assemne cis and insurance with interest at
<br />the maximums legal rate thereon from date of payment all of which Mortgage hereby agrees to pay; permit no wage on said plemifes,keep and comply
<br />with all the agreements and conditions of the Bond for S 35, 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 present$ shall become null and void, otherwise they
<br />shall main in full force and nay be foreclosed at the option of the said ASSOCIATION after failure for three months to snake 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 goes to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is my change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />mcwcd 21111, at the option of The Equitable Balding and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />firthhes notice, and the amount remaining dire under said bond, and any other bad for any additional advances made thereunder, shag, from the
<br />dale of emcite of said option. bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on sic
<br />bmnd.aml any other bond for additional advances, together with all sums paid by said The Equitable Budding and Loam Association of Grand Island,
<br />Nnbraaks for imnaance, taxes and assessments, and absttaditg extension charges. with interest thereon, from date of payment at the maximum
<br />iegd rase.
<br />As provided is the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sum to the
<br />makers of said Boed, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the fumds originally
<br />seared thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />this 24th day of December A. D., 19 86
<br />r
<br />STATE OF NEBRASKA, na. On this 24th day of December 19 06 , before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Gary B. Wit and Marti Ann Wit, each in his and her own right and spougeo�knownto
<br />other,
<br />re to be the identical person 5 whose tame s are affixed to the above instrument as mortgagors and they severally
<br />IdUxm edgrd the said instrument to be their voiumary act and deed
<br />WITNESS my hand and Notarial Seal the date ifores;nd.
<br />My Commitatan etopian _ ,- F; ,.
<br />hatsar w► �� L �� Notion Pubic_
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