|
~~-- v~~~~?~
<br />MoRTGAGe
<br />~~ _- MORTGAGE LOAN NO. L 233g1
<br />ILNOW ALL MEN BY THESE PRESENTS: That Mi chd2~ L. Westenburg and Loree P. Westenburg , eat:h i n
<br />!Tis and her own right and as spouse of each other
<br />Mortgagor, whether one or more, in consideration of the stun of
<br />Thirty Nine Thousand and NoJ100-------------------------------------------------- I~oLLAas
<br />loaned to €aid mortgagor by The Egaiiabfe Building and Loan Association of Grand island, Nebraska, Mortgagee, upon 390 shares of stock of
<br />said ASSOCIATION, Certificate No. L23391 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT SEVEN (7), IN JACK MOSS SUBDIVISION, BEING A PART
<br />OF THE WEST HALF OF THE SOUTHWEST QUARTER (W~aSW;) OF
<br />SECTION TWO (2), IN TOWNSHIP ELEVEN (11) NORTH, RANGE
<br />TEN (10) WEST OF THE 6TH P.M., iN HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor wverings, all window screens,
<br />window shades, blinds, storrn 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 whh 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 snd the bond secured thereby before the same shall become delinquent: to furnish approved
<br />utsurance upon the buildings on said premises situated in the sum of 3 39 , 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 oC this mortgage or the bond secured hereby, the mortgagee shag,
<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 alt the rents, revenues and inwme to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repauing said premises and renting
<br />[he 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 />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, it any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time dtuing the existence of such
<br />default, irrespective of any temporary waiver oC thr same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the mattufty of said shales by
<br />payment; pay monttily to said ASSOCIATION at the sum specified in the Bond secured hereby as interest and principal on said loan, on or baforc
<br />the Twentieth day of each and every month, until said loan is fully paid; pay a(I taxes and assessments leviedagainst said premises and on this 4tortgage
<br />and the Band secured thereby, before delinquency: furnish apprared nsurance upon the buildings thereon in the sum of S 39 , QOO.00 payabka
<br />to said ASSOCIATION: repay to said ASSOC IATtON upon demand all money by it paid for such taxes, assessments anti instuance with ittteresa at
<br />the maximum legal rate thereon from date of payment aft of which Mortgagor hereby agrees to pay; permit no waste on said premises keep and a~mpfy
<br />with all the agreements and conditians of the Band for S 3),000 Q~this day given by the said Aortgagor to said ASSOCIATION, and comply
<br />with alt the requirements of [he Canstitutian and By~Laws of said Aye IATfON; then these presents shall became Hutt and void, otherwise they
<br />shall mmain in fuB force and may be foreclosed at the option of the s9id ASSOt:'fAT10N after fadure for three nwnths to make any of said
<br />payments or he three mon!hs 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 />tf 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 o(Grand Island, Nebraska, become immediately due and payable without
<br />farther notice, and the amount remaining due under said band, and any other bond for any additional advances made thereunder, shall, from the
<br />data of exercise of said option, bear inttrrst at the maximum legal rate, and this mortgage may thin be foreclosed to satisfy the amount dot on said
<br />bond,and any other band far additional advances, together with al! sums paid by said The Equitable Building and Loan Association of Grand !stand,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate,
<br />As rovided in the Bond secured htreby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bnnd, their assigns or succeswrs 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 nut ro exceed at any time the original amount of this mar#gage
<br />oat 'cots r th ,, darer Apri 1 A. p., 19 79
<br />sis r
<br />-Loree P, Westentrurg r
<br />-STATE OF NEBRASKA, ~ ~ On this 10th day of Apri 1 19 79 ,lxforc me,
<br />COUNTY Q~+ HALL
<br />Michaefi L. W~:stenburg and Loree P. Was tenburg;~eae~ir'~ndh~is°taf~ic~a~ter owliO1r ghc~' atlidp`asnsf~ouse
<br />of each other who are personally known to
<br />me to be the identical parson S whose Warne 5 are affixed to the ahoy nt as mortgagor S and t
<br />acknowladgt:d the said instrument to be their voluntary act and deed. ~ , ~.- j
<br />WITNESS my hand and Notarial Seal the-date a€oresaid. l , ``f~~~
<br />My Carrmtissinn exues -' \
<br />C~ - ,~ j
<br />c~t-seam ~~~~ ^ / ~ /~' ~ _ ~-•" t_-- --
<br />• / GENERAL NOTARv Mate o/ Nabr.
<br />/J JAMES W, OLSON
<br />My Comm. Ex,. Nav.12. 1474
<br />
|