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;g- t~~3169
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 23826 MGI C
<br />KNOW ALL MENRYTHESEPRESENTS:Tha2 t=eed L . Wilsey, Jr., and Theda A. Wilsey, each in his
<br />and her own right and as spouse of each other,
<br />---- Mortgagor, whether one or mote _in consideration of the sum of
<br />Tveer,ty One Thousand Six Hundred and iio 100---- ---------"ppLLARs
<br />loaned W said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, M1Lortgagee, upon 216 shares of stock of
<br />said ASSOCTA'i'ION, Certificate Na. L 23426 MGI ~, do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Flall County, Nebraska:
<br />LOT SIXTEEN (16) IN BLOCK SIR (6) IN COLLEGE
<br />ADDITI~1 TO WEST LAWN, AN ADDITION TO GRa'VD
<br />ISLAND, HALL COUNTY, NEBRASY,A.
<br />together with all the tenements, hereditantents and appurtenances thereunto belonging, including attached floor rnverings, all window screens,
<br />window shades, binds, storm windows, awnings, heating, air conditiot»ng,and plumbing and wateregtigment and accessories thereto,pumps,stoves,
<br />refrigeratan, and other fixtures and equipment rtaw or hereafter attached to or used in connutian with said teat estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will gay a13 taxes and assessments levied or
<br />assessed upon said premiss and upon this mortgage and the bond secured thereby before the same shall become delinquent; to famish approved
<br />insurance upon the buildings en said premises situated vt the sum of S 21 , 6DD. DD payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies Cor said insurance; and not to rnmmit or permit any waste on or about said premises:
<br />In case of default in the performance of any of the terms and conditions of [his morgage or the band secured hereby, the mortgages shall,
<br />on demand, be entitled m ims,ediate possession of the mortgagcd premises and the mortgagor hereby assigns, transfers and sets over to the
<br />ino[tgagee aR the rents, revenues and inwme to be dtrivtd from the mortgaged premises during such time as the mortgage indebtedness shag remoter
<br />u»paid: and the mortgagee shall hate the power to appoint any agent or agents it may desire for the purport of repairing said premises and renting
<br />the same and txtllceting ilse rents, revenues and inmme, and it may pay out of said incortu aL explores of repairing said premises and necessary
<br />coattnissions and expenses incurted in renting and managing the same and of rnllecting rentals therefrom: the balara remaining, if any, to bt
<br />applied toward the discharge of said mort¢age indebtedness; these righu of the mortgagee may be ex_nised at any time daring the existence of such
<br />de suit, irrespective of any temporary waiver of the sntne.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said Soan on or bef.:t the maturity of said shares by
<br />payment; pay tnanthly to said ASSOCIATION of the sum spedfied in zhe Bond secured hereby as interest and principal on said loan, on or before
<br />the Twer.,:eth day ai each and ever} month, until said lawn s fat;}' paid; pay all taxes and assessments levied agsinst raid permits and on this Mortgage
<br />attd iht Bond securtd ttterehy, before delingtrencv. famish approved insurance upon iht buildings thereon in the sum of S 21 , 6DO. DD payable
<br />to said ASSOCIATION; repay to said ASSOCIATtON upon demand all manly b} it paid for such taxes, assessments and insurance with interest at
<br />ilee maximum legal rate thereon from date of payment alt of which Mortgagor hereby egrets [o pay: permit rtes waste on said premises; tsssp and comply
<br />with afl the ab.~:.P, :sand rnndiiions of the $ond for S 21 6D0. DD this day given by the said Mo.•tgagur to said ASSOCIATION, and comply
<br />with aB the regttirerrtrnts of the Cottstituaian and By-Laws o~ said ASSOC[.4TION; they, these presents shah became null and void, otherwise they
<br />shs11 remain in ftrU i'oroc and may be foreclosed at the option of the said ASSOCIATION aRer failure for three months to make any of said
<br />payments or be three months in arttan in making said monthly payments, or to keep and comply w-tth the agreements and conditions of said Bond;
<br />and Mortgagor egrets to fwve a receiver appointed farthw~it}: in such foreclosure proxedings.
<br />If ihtrt is any citangt in ownership of the real estate mortgaged herein, by sale of othtrwia, then the entire remaining indebtedness hereby
<br />secured shtdl, at rite option of The £quitabk Building and Loan Association of Grand Island, Nebraska become immediately due and payable without
<br />further notice, and the amotmt retnanting due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of eitrcise af.mid option, bear tautest at the rruximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on arid
<br />bortd,aad say other bored for additions! advances, togt[htr with all surds paid by said The Equitable Building and Loran Association of Grand Island,
<br />l~ for insurance, taxis and assrss.°nrnts, and abstracting extension charges, with interest thereon, tiom date of payment at the maximum
<br />legal raft.
<br />As m the $ond segued hertby, white this mortgage remaitu in effect tht mortgagee may hereafter adrance additional s»ms to the
<br />arakers of ~ dBond, their assigtu or sua:essars in irttertst, which starts shall Ire within the security of this -a: gam the same as the ftmds on~3na31Y
<br />- aenusd thereby, the totil anwunt of prireri~l debt trot to txceed at nny time the original amount of this rtortgagc.
<br />I}as~ this 18th day of Mdy A. D., t4 79
<br />~A-tom ~ ~+}V~r. ~, r, ri,4,
<br />r" fee L. W' $-'1 a J~~
<br />} ~3a4a,~
<br />~ eda A. ' iisey
<br />STA7'EO~ OF ~~ r ss. On this j$'rh day of ~y 19 79 ,before ttte,
<br />Fred L, iii Trey. Jr. gild Thedd A, Wi 1 sey, ~L undertrigtted, a Notary Public i~n'}area for mid County, personally dune
<br />ei~chh in his and Iles awn right and as s{~ouse of each other, ~jL~'ha are geraanauyknawnta
<br />i
<br />~' ~ ba the idcatiaT 1 S whose name 5 dre affued to the about itisinrment,as mortgagor S and they severally
<br />~ the said instrutrtttet to tie their voluntary au area aced.
<br />VVL7'NE3~ lay head ttttd Notarial Seal ~ date aforesaid. / `~
<br />lily Co~mmimiort expim ~ ! C
<br />a-t~t~s era ' # f CE'fERRtat~E_ar~~"„'itmr r • No~ Jb~'
<br />JOY fvL. ~AZLEY
<br />MrCrmm. ExA. Sept. i. L9~i
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