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<br />MORTGAGE.
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<br />MORTGAGE t.oAN NO_ L 2? .652
<br />fINOWALLMENBYTHFSEPRESENTS:That Samue} R. Waage and Connie B. Waage, each in his and her
<br />own right, and as spouse of each other
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Forty Thousand Two Hundred and Not100--------------------------------------------- ~o1i.ARs
<br />hantal to said mortg:gttr by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 402 shares of stndt of
<br />said ASSOCIATION, Certificate No_ L 23,652 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT THIRTY FIVE (35) IN WESTWOOD PARK SUBDIVISION, HALL COUNTY,
<br />NEBRASKA.
<br />together with all the tenements, hereditarrtents and appurterxnoes [hereunto belonging, including attached door wverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air cunditionittg, and plumbing and water equipment and actxssories theretn,¢umps,staves,
<br />ref: igerators, and other fixtures and equipment now ar Hereafter attached to or used in cnnnerYiun with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree chat the mart@agar shall and wiU pay aU taxes and asstsstxnts kvkd o:
<br />assessed upon said preenise5 and upurl this mortgage and the bond secured thereby before the same snail berorm delinquent; to fttrtdsh approved
<br />insurance upon the buildings on said premucs situated in the scan of S 4D, 2DD. DD PaYabk to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not [o wmmit or permit any waste on ur about said premises;
<br />!n rase of default in the performance of any uC the terms and conditions of this Iraartgage or the bond secured hereby, the mortgagee shalt,
<br />un dernaltd, be entitled to immediate possti~iaa of the mocegagrd premises and tht rrtungagur herby ass~lts, transfers and sets over to tt~
<br />stmrtgagee aU the rents, revenues and inwme to be derived from the mortgaged premises during wcFl time as the mortgage indebtednest shall remain
<br />unpaid; and tht mortgagee siwl! love rho power to appoint any agent or agents it may desire for the purpose of repairing, :aid prcttti+es and renting
<br />the same and collecting the reins, revenues and income, and i[ may pay out of said income aU expenses ui rrpairittg raid ptttnises and necessary
<br />aamntisxions and expenses incurred in renting and managing the satire oral of rnUecting rentals therofrom; the balance rcroaining, if arty, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee ntay be cxercistd at any time during the existence of such
<br />dtfaulr, If[CSpeGlIVC a f any (Cmpnrary waiver Of lhG samo.
<br />These Yrtstnis, hcwrvrr, arc upon the Condition, That if the raid Mortgagor shall repay said loan ort or 6efort the maturity of said shares by
<br />payment; pay monthly to said ASSf1C1AT10N of the coin spe.;ified in the Itund secured hereby as interest and principal on said Loan, an or btfort
<br />the 'fwrnteeth day u[ eatit and rrery rrxaruh, anti! sahl loan is Cully paid; pay all taxes mu1 aasesslnents levied agaasrut said prttttixs and tut this Mostplge
<br />artd iht Bum! 'tt.-urxd ti:eretav, btfurt ;3ziingttGr~ty; Currtish appruv~d insurance upua ihr bui3d'utgc #hrreort ut Yho sum of $ 4~,tQ~. ~~ payable
<br />'tea ,sid ASZfk [ATIf?N: rtpay to said A.'i~tii?CIATiftN ttpan demand all ttxanty by it paid feu such taxes: aetrnts acrd insurance with settees! at
<br />LIZ ..,~„i.^.tunt !tom.! ,at:, !i,r.~,n f,.,,., dax~ oC ,,.3 .,..,nt _n ., f vrhi,.h Ma. s- a hetl•t, tees t~~ -_
<br />..,.... ..___ ry.~_ y N~• -Y~ --laY;permdtrurwasteixs~patn;xs:lt~ga~~tr~aly
<br />with all iM: aF,rtortx nts and caxtctitio:,s cat' ih;. Bond #'ctr 3 40 , ~QQ. Q~-this day gis~n tsy tht mid Mxt~gsr to ~~ A~SOCiA'I'tO='d, and ~ _ _
<br />with aU the requirements of the Constitution and By-Laws of said .ASSOCIATION; thin these presents shall btrtantt nuU and void, otlttrwiae they
<br />shall rtrtain in CuU force and may bo foreclosed at the option uC the said ASSOCIATION afcer failure fur three muntlu to make arty of sold
<br />payments or be three rnunths in arrears in makirtg said mmrthly payittents, or to ktep and comply with the agreements and entetiitions of said Bond;
<br />and Mortgagor agrtts to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sate or otherwise, then the retire remsinutg vtdtbtedneal hereby
<br />secured shall, at the option of Ttu Equitable Building and ]ease Asstx:iation t,f (.:rand lxiarid, Nebraskm, became inmtediateJy due and payable witltuut
<br />further notice, and the amount remaining due under said bond, and any otttec hood fur any additional advances trade tlxrcuntkx, shag, faun the
<br />date of execcise ol'said option, bear interest at the naximturt legal nte, and itus mortgage may thin be fortclostd to satisfy the amount due rxt slid
<br />band, and any usher bond fur additiurud advances, together with all Burns paid by said The Equitable BuUtling and Luca Asaociaton of Grand tahnd,
<br />Ntbraeka for insurance, taxes and aasessntents, and abstracting exttnsion charges, with interest thereon, from dart of paytntnt of rht ntaxitsttttn
<br />legal rate.
<br />As provided m rite &nrd secured hereby, while this mortgage renaitts in efftct the rtwrtgagee mny hereafter advuta additional stem to lire
<br />makers of said Btntd, their assigns ur suu:rsstxs in intrust, which sums shall be within the security of this rnuttgage the carne u the funds originally
<br />secured thereby, tht total amount of principal debt not to exrrtd at any time the original amount of this mortgage.
<br />-Uattd mice ,~ 7ttaz say at' December A. n„ -v 79
<br />.~:~m.__ .r,~..._. _~_..
<br />~- 1 - ,!~ ~ --l
<br />Connie B. Waage
<br />STATE OENIzBRASKA, ~. On this 7th day of December 1979 , before me,
<br />COUNTY OF HALL
<br />the tutdetsigned, a Notary Public in and for said County, porsanally cams
<br />Samuel R. Waage and Connie B. Waage, each in his and her own right~~and as spou~se~lo eacu
<br />other are
<br />tell to be the idanlirat garcon $ cahoot tames dre a8lxed to the about
<br />at9tnawledged the said instmment to be their voluntary art sad decal.
<br />N7TNESS my !rand anti Notarial Stal the date aforesaid.
<br />MY Cottunist3o8 txpircs _
<br />and they aerrttdly
<br />~~' j f ~,.
<br />GENERAL NOTARY State ei tleurask:
<br />,~~~ My Cemin. Exp. t:av_ 72, i9Ss
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