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<br />83-001697
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<br />MORTGAGE
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<br />MORTGAGE LOAN NO, L 24.084
<br />KNOW ALL MEN BY THF.sE PRESENTS: That Lloyd. W. Wagni tz and Susan L. Wagni tz, each in his and
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<br />her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Fifty Six 'l'mn,,;mil F.i ght Hnndrf'd ",nO. no/] OO--------------------------------:1JOlLARS
<br />loaned 10 said mortgagor by The F.quitable Building and loan Association of Grand Island, Nebraska, MortglIgee, upon 568 shares of s\Odc of
<br />said ASSOCIATION, Certificale No, L 24,084 , do hereby grant, convey and mortgage unto the said ASSOCIATION the foIIowins
<br />described real estate, situated in Hall County. Nebraska:
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<br />Lot Twelve (12), Westroads Estates Third Subdivision,
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<br />Hall County, Nebraska.
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<br />together with all the lenements. hereditaments and appurtenances thereWlto belonging, including attached floor ro~rings. all window ~
<br />window shades. blinds, ,Iorm windows, awnings, heating, au conditioning, and plumbing and water equipmenl and accessories therelo, pumps, sto....
<br />refrigerators. and other ftxtures and equipment now or hereafter attached to or used in connection with said real estate.
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<br />And wbereas Ibe said mortgagor has agreed and does bereby agree lhal the mortgagor shaJl and will pay all taxes and assessments le>ied or
<br />assessed upon said premises and upon this mortgage and the hond secwed thereby before lbe same shaJl become delinquenl; 10 furnish appro>e<i
<br />insurance upon the huildings on said premises situated in Ihe sum of S 56,800.00 payable 10 said ASSOCIATION and to deIi1er to said
<br />ASSOCIA nON lhe policies for said inswance; and 00110 commi' or penni' any wasle on or ahoul said premises;
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<br />In case of defaull in Ihe performance of any of ,he lerms and conditions of this mortgage or the hond seemed hereby, the mortgagee shaJl,
<br />on demand. he enlitled '0 immedia'e possession of the morlgaged premises and the mortgagor hereby assigns, transfers and sets 0_ tn the
<br />morlgagee alllhe rents. rewnues and income 10 be derived from the mortgaged premises dwing such time as the mortgage indebledness shaJl remain
<br />unpaid; and the morlgagee shall have the power '0 appoint any agen' or agents il may desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents. revenues and income~ and it may payout of said 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 dischaJge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<br />default, irrespeclive of any temporary wai_ of Ihe same,
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<br />These Presents. howewr. are upon the Condition, Thai if lhe said Mortgagor shaU ,epay said loan on or hefore lhe malwity of said shares by
<br />paymenl; pay monthly to said ASSOCIA nON of Ihe sum spe.:ified in the Bond seewed he,eby as interest and principal on said loan. on or hefore
<br />lhe Twentieth day of each and ewry month. unlil said loan is fully paid; pay all taxes and assessmenlsle>ied against said premises and on this MortPF
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<br />and the Bond secwed thereby, before delinqueo<-y; fwnish approved insurance upon the buildings thereon in the sum of S 56,800.00 payable
<br />10 said ASSOCIA'OON; repay to said ASSOCIATION upon demand all money by il paid for such laxes, .......,..nts and inswance with interest II
<br />the maximum legal rate the,eon f,om date of paymenl aU of which Morlgagor hereby Igrees to pay; pennil no waste on said premises;keep and comply
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<br />with a1llhe agreements and condilionsofthe Bond for $56, 800 .00 tbis day gi..o by Ihe said Mortgago, 10 said ASSOCIATION. and comply
<br />with all the requirements of the Constilution and By.Laws of said ASSOCIATION; lhen these p....nts shaJl hecome null and wid, otherwioe they
<br />shall remain in fuU force and may he foreclosed allhe option of lhe said ASSOCIATION after faiIwe for three months 10 make any of said
<br />payments 01 be three monlhs in .,rears in making said monlhly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Morlgagor agrees 10 haw a leceiw, appointed forthwith in such foreclosure p,oceedings.
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<br />If lhere is any change in ownership of lhe real estale morlgaged herein, by sale 0' otherwise, then the entire remaining indebtedness hereby
<br />secured shaJl, a'the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable withoul
<br />further oolice, and lhe anlOunt remaining due under said bond, and any other hond for any additional adwnces made thereunder, shall, from the
<br />dale of exercise of said option. bear inlerest at the maximum legal rale. and Ibis morlgage may then be foreclosed 10 satisfy the amount due on said
<br />bond, and any other bond for Idditional ad......., logether with all sums paid by said The Equitable Building and Loan Association of Grand Island.
<br />Nebraska for inswance, taxes and assessmenls, and abstracting extension charges, with inlerest thereon. from date of paymenl at the maximum
<br />legal rale.
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<br />As provided in the Bond secured hereby. while Ibis mortgage remains in effect the mortgagee may hereafler ad....ce additional sums 10 the
<br />makers of said Bond, their assigns 0' successors in inlerest, which sums shall he wilhin the secwity of this mortgage the same as lbe funds originaJly
<br />secured thereby, the lotal amount of principal debl not 10 exceed at any lime tbe o'igiDaJ amounl of this mortgage.
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<br />1t.F i~il'
<br />~~W:J~"t .
<br />STAreOFNElIRASKA.l... Onthis 4th
<br />COUNTY OF HAll i
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<br />A, D" 19 83
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<br />day of
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<br />April,
<br />
<br />1983 ,before me,
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<br />t.
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<br />lhe wldersiped, a Notary Public in and for said County, persooaUy came
<br />Lloyd W. Wagnitz and Susan L. Wagnitz, each in his and her (MIl rig~~r~S s~~no~cta
<br />othiex' ,
<br />tlIIl io he the identieaI peUOl\S whuoe nameS are all1xed to the ahow instrwnent ... mortgagolS and they sewrally
<br />acknow~ t.hI said instrument Ii> he their YOlWltary ac' ODd deed, ~ LI
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<br />:~.::..~;: NotarialSeaJ the dale aforesaid, /-.~....!:~::~?:27r'N:O~blic""--~~ 1
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<br />IIOTAAY'Sfltt;f Nob1tw..1 ~ ~ _, 'u
<br />JAMES W, OLSON
<br />~, 'My C~m. E.~ no., 12, li1331
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<br />_Ill
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