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<br />
<br />!4tOATGAGE
<br />MORTGAGE LOP.N N0. L 23411
<br />KNOW ALL MEN BY THESEPAESENTS:That Duane L. Wortrnan and Katherine K. Wortman, each in
<br />his and her own right and as spouse of each other
<br />Mortgagor whether one or more, in consideration of the sum of
<br />Forty Thousand and No/100-------------------------- ---------------- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 4QO shares of stock of
<br />said ASSOCIATION, Certificate No. L 23411 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Ha6 County, Nebraska:
<br />LOT ONE (1) IN BUCK SUBDIVISION, LOCATED ON PART
<br />OF THE SOUTHWEST QUARTER (SW;) OF SECTION TWO (2),
<br />IN TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10)
<br />WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA.
<br />together with aB the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens, -
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto,pumps,stovts,
<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 that the mortgagor shall and will pay all [axes and assessments levied or - -
<br />assessed upon said premises and upon this mortgage and the bond secured [hereby before the same shall become delinquent; to furnish approved -
<br />inswance upon the buildings on said premises situated in the sum oC $ 40,000, OO payable to said ASSOCIATION and to deliver [o said _
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />[n case of default in [he performance of any of the terms and conditions of [his 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 all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shay remain
<br />unpaid; and the mortgagte shall have the power to appoint any agent or agents it may desire for the purpou of repairing said premises and renting
<br />the 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, if any, [o be
<br />applied toward the discharge of said mortgage indebtedness these rights of the mortgagee may be exercised at any time during the existentt of such "
<br />default, irrespective of any temporary waiver of the same. -
<br />These Presents, however, arc upon the Condition, That if the said Ator[gxgor shall repay said loan on or before the maturity of said shares by
<br />payment; pay monthly «> said ASSO('[ATION of the sum specified in the Bond secured hereby as interest and principal on said loan. o~ or before -
<br />the Twentieth day of each and ever}' month, until said loan is full} paid; pay all taxes and assessments levied against said premises and on this Mortgage ---
<br />and [he Bond secured thereby, before delinquency: furnish approved insurance upon the buildings thereon in the sum of $ 4O , OOO.OO paya6k -
<br />to said ASSOCIATION; repay to said ASSlx1AT10N upon demandrll money by it paid fur such taxes, assessments xnd inswansc with interest at `^^''
<br />the maximum legai rave thereon from date of payment all of which A{ortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />with all the agreements end conditions of the Bond Cor $ 4O ,000.OO this day given by the said Mortgagor to said 4SSOClAT10N, and comply
<br />with all the requirements of the Constitution and By-Laws of said ASSOCIATION; then these presents shall become null and svid, otherwise they
<br />shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments a be three months in arrears in [Waking said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor egrets to have a receivrr appoinced 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 notice, 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 Itgal rate, and this mortgage may then be fomclosed to satisfy the amount due on said
<br />bond, and any other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<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 provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their asigns or successors in interest, which sums shall be within the security of this mortgage the same as :he funds originally
<br />secwed thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />led this 8th {!I day r May A. D., 19]9
<br />Wortman~ .~ /
<br />Ka herin`ta K. Wortman
<br />STATE OF NEBRASKA, ~ ~. On this ~ r=~ day offer ' _~ 19 7 't ,before tree,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />-Duane L. Wortman and Katherine K. Wortman,
<br />each in his and her own right and as spouse of each other who are personalty known to
<br />the to be fist identical person 5 whose names dre affixed to the above instrument as mortgagor g and they severally
<br />acknowledged the said instrument to be they r volwttary act and deed.
<br />N7TNESS my hand and Notarial Seal the date aforesaid. ~ ,~ \
<br />bty Cotnmiesion exp"ues i
<br />iEMERat MOTaAr - Slur M N~atti4! Notary Public
<br />s-t-zx 6t - DEkNIS C. MFYER '`~i
<br />aMr Comm. Enp- Juna 26. [867
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