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<br />~Q- 003684
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<br />MORTGAGE AM) .a:):~STRJjCTIQN S:EX:URITY AGREEMENT
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<br />See L 18.165
<br />MORTGAGE LOA."i NO_ T, ~109
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<br />KNOW ALL MEN BYTHESEPRESENTS:1"hat !vI. Thanas Wenzel and Sally S. Wenzel, each in his and
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<br />her cwn right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />'I'wP.nty Two ']h()usand ana nojlQD--==-__ DOLLARS
<br />loaned to said mortgagol' by The Equitable Building and Loan Association of Grand bland, Nebraska, Mortgagee, upon 220 shares of stock. of
<br />said ASSOCIATION, Certificate No. L 24 109 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County'; Nebrnska:
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<br />Lot Five (5), in Block Four (4), in Country
<br />Chili Subdivision, being part of the East One-half (E!:i)
<br />of the Northwest Quarter (D.'W~) of Section TWenty
<br />Eight (28), Township Eleven (11), Range Nine (9)
<br />West of the 6th P.M. Hall County, Nebraska.
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<br />together with all the tenemellls, hercditaments and appurtenances thereunto belonging, inc.luding attached floor coverings, all window screens,
<br />window shadcs, blinds, storm ....'indows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and othcr f,xturcs and equipmcnt now or hcrcaftcr attached to or used in connecliollwith said real estate.
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<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay aU tax!.,'s and assessments leYied or
<br />assessed upon said premises and upon this mortgage anti tile bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premisessitualed in the sum of$ 22,000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIA TlON the polides for said insurance; and not to commit or permit any waste on or about said premises;
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<br />In ease of default in the performance of any of the terlTl$ and conditions of this mortgage or thl: bond secured hereby, the mortgagee shall,
<br />on demand, be elllitled to immediate po=s.~ion of the mortgaged premises and the mortgagor hereby M.~ns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shallremain
<br />unpaid; and thc morlgagee shall have the power to appoint any agent or agents il may desire fot the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay ont of said income aU expenses of repairing said premises and necessary
<br />conunissiollS and expemles incuned in tenting andtmlllaging the same and of collecting renlals tllerefmm; the balance remaining, if any. to be
<br />applied loward the discharge of "ajd mortgage indebtedness.; th.ese rights of the mortgagee lllay he exercised at any time during Ihe existence of such
<br />default, irrespective of any temporary waiver of the same,
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<br />These Presents, howl,ver, are upon the Condition, Thai if the sanl Mortgagor shaH repay said loan on or before the maturity of said shares oy
<br />payment; pay monthly to said ASSOCIATION of Ihe sum specified in the Hono secured hereby as interest and principal on said loan, OIl or before
<br />the Twentielh day of each lInd ev,:ry month, until said loan is fully paid; !yay alllaxes and assessmenls levied against said premises and on Ihis Mortgage
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<br />and the Bond secured ther1eby, before delinquency; furnisil approved insurance upon the buildings thereon in the sum of $22,000.00 payable
<br />to said ASSOCIATION; .epay to said ASSOCIAI10N upon demand all money by it paid for such taxes, ass=ments and insurance with interest at
<br />the maximum legal rate tJu:rcon from date of payment aU of which Mortgagor ilereby agrees to pay; pennil no waste 011 said premises; keep and comply
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<br />wltln all the ;agr<''ements and condiltons of the flond for 5; 22 t 000.00 this day given by the said Mortgagor to said AS.<;OCIA TION, and comply
<br />with aU tbe requirements of the Constitution and By-Laws 01. said ASSOCI A TION; then these presents silall become null and void, otherwise they
<br />shall remain in full for~" aod may be forecioSl.>d at the option of the said ASSCX:IATION after failure ~or three months to make any of said
<br />payment~ or be three. months in ureats in making said monlhly 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 foreclosuie proceedings.
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<br />If there is any chang~ in ownership of the real estate mortgaged berein, 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 notice, and thl:. amount rcmainmg due under said bond, and .allY other bond for any additional advances made therewlder, shall, from the
<br />date of exerCise of said option, bea: inleIest at the maximum legal rale, and this mortgage may tru!n be foreclosed. to satisfy the amount due on said
<br />bQnd.,and any other bond for.additional ad""nces, togetber with all sum., paid by said The Equilable Building and Loan Association of Grand Island,
<br />Nchrnska for iru;unlllcc, taxes lllldasseSSJ'llenlS, and abstracting extension charges, with interest theroon, from date of payment at tbe maximum
<br />Jeg;ll rale.
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<br />^,spr~vided;in thf'. flo.nd secured heleby, while this mort-gage remains in ef/eet the loortgagee may hereafter advance additional sums to the
<br />Illailcers o.f$3idBond, their assigns or :ru==rs ininteresl, which sums shall be within the security of this mortgage the same as the fllllds originally
<br />Sj:.;uredthe.......... fie... b)'.tite .total amount of pn.~l Cl . pal bt iloilo exceed at 3llY time. the o.iginal amount of this mortgage.
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<br />ted1 ' 'bdayof Ju.:q A. D., !9 83
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<br />, "/ .----------,,-,-,
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<br />l.2iJJ day of
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<br />OnUns
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<br />19 83 , before me,
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<br />tbeuudersigned, a Notary Public ill and for said County, per:sollally ClUne
<br />Wenz,~l. ar.d Sally S. Wenzel, each i.n his and her own rigJ:rt;.,tWf1gr~s S~m&hl~to
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<br />whose name S
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<br />are affixed!" thc above inslHlment as mortgagors
<br />VolWl!Ury U<.:l ami deed.
<br />the dllt<: ~f'ilte:llil.d,
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<br />and U'ieY
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<br />severally
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<br />be their
<br />\\ItiNHillS my !hind lmd
<br />Mye
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<br />
<br />llJ1!!.lM ~r
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<br />
<br />iQ4'S
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