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80-- ~~~~~D~
<br />MORTGAGE
<br />HORTGAGE coati rw. L 23,:739- - -
<br />~IgwAf,I,nfEa~BrTHFSEeRESE.ros:Tttat Robert J. Wheeler and Nancy L. Wheeler, each- in
<br />his and her own right and as spouse of each other,
<br />Mor(gagat, whether one or more, in mo>~atian o€t3te amt ~._;
<br />Thirty Thnusalld_Nine Hundred and Nn/T00------------------------------------------- nOt3a~Rs
<br />loaned to said mortgagor by The Egidtabk Btuldiag and l.aan Assocation of Grand [stand, Nebradra, Mortgagee, upon 309 a6uef at'.aarJc of
<br />said. ASSOCIATION, Certifimte No. L 23, 739 , do hereby gent, matvey and mortgage tmto the ,aid ASSOCLiTiON the ~$wvmg -
<br />dracribed rent estam, situated in Hall County, Nebraska: -
<br />LOT ONE (1), BLOCK THREE (3), LAKE DAMS ACRES
<br />SUBDIVISION HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances [hereunto belonghtg, including attached flour txivetings, all window sraeens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water eyuipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in wnnectian with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby ogee that Chc mortgagor shall and will pay all [axes and assessments levied or
<br />assessed upon said premises and upon iltis mortgage and the bond secured thereby before the same shah btcome delinquent; [o ftnnish approved
<br />insurance upon the bindings on said prerrtise~ situated is [he sum of $ 3O, 900.OO oayabte [o said ASSOCIATION and to deliver to said
<br />ASSOCIATION the putties for said insurance: and nut to commit or pertmt any waste on or about said pretises;
<br />to cast nt default in the performance of any of the [rents and conditions aE this mortgage nr [be band secured hereby, [he mortgagce shag,
<br />an derrtand, lit. eatitkd to immedate possession of the mortgaged prcmius alert cite rncrtgagnr hereby assigns, transfers and sou over to t;te
<br />mortgagee a!1 the rents, revenues and income to be derived from the mortgaged prerttises duriag such time as the mortgage indeb[editess shat! 2ttraia
<br />unpaid; and [hc mortgagee shat! have the power [u appoint any agent ur agems ii may desiec trsr the purpose of repotting said premises and renting
<br />[he saute and coBeeting the rents. revenues and income, and it may pxy out o! said income a[I expenses of rettairing said premises and newssary
<br />commissions and expenses incurred in renting and managing the store and of cetElcuting rentals therefrom; the balance n;mairting, if aey, to he
<br />applied toward the discharge of .-aid mortgage indehted,:ess: these rights of the nxurrgsgee may be exercised a[ any time during the exisunce of such
<br />rlezau}t, [¢especnve oi' any [empnmry waiver of the same.
<br />The,u Presents, Erowevet, arc uyma the Candirian, That if [he said Mortgagor sin[1't repay slid loan ott or ~Poru thu raaterity .:f :aid shares by
<br />payment; nay monthly to said pSSOC1.A'f'ION nC [he sum specified in [he Bond secured hereby as interest and prutcipal an said Wan, on ar boforc
<br />Lhe Twentieth day of each and every month, until said loan is fully paid; pxy all taxes and assessments levied against said premises and oo this Mortgage
<br />and the Band secured thereby, before delinquency; furnish approved insumnce upon the buildings thereon in the sum of $ 3O, 900. OO payable
<br />to slid ASSt7C1ATiON; ropey to said ASSOC[.A'C[ON upon demand all money by it paid for such taxes, assessments and instuana with htteres[ a[
<br />[he maximum legal into tltemon from date of payment all of which Mortgagor hereby agrees to pay; permit nu waste on said premises: keep and comply
<br />with all the ageuments and conditions of the Bond fur 330, 900, OO this day given by [he said Mortgagor w said ASSIX:IATION, and comply
<br />with all the requirements of the Constitution and By-Laws of said ASSOCIATION; then these presents shall become nWl and void. otherwise they
<br />shall remain in fitB fore and rtwy be (orecloscd at the option of the said ASSOClAT10N after failure for three months to make any oC said
<br />paymenu ur be three months in arrears in making said monthly payments, or [u keep and wmply with the agreemems and conditions if said Bond;
<br />and Mortgagor ogees to have a receiver appointed firthwith ut sudt foreclosure proceedings.
<br />IC there is any change in ownership o(the real estate mortgaged herein, by sale ar otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at rite option of The Equitable Building and Loxn Association of Grand Island, Nebraska, become hnmediately due and payable without
<br />iuther notice, and the amount mmaini.ng due under said bond, and any other bond far any additional advances made iheretmder, shall, from the
<br />date of exercise of said option, bear intewst at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the ntnount due in said
<br />bond, anJ any other bond (or additional advances, together with all sums paid 6y said 1'he Equitable Building and Loan Association of Gran) Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with inrerost their:nn, (rum date of paytt~nt at the rrtaximitm
<br />legal rate.
<br />As provided in the Band secured hereby, while this mortgage remains in etTeu[ the mortgagee tnay heroafter advance additional sums to the
<br />trtakurs of said Bond, their assigns or succeswrs in interest, which sums shall be within the security of this mortgage [hc same as the funds originally
<br />xcured thereby, the total amount of principa{ debt not to exceed al uny time the original amount oC this mortgage.
<br />-_ this 30th. day nt July A. n., Iq 80
<br />e, er -J`-
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<br />a ee je
<br />STATE OF NBB ~' } ss. On this 30th . day of J U 1 y I n BO ,before me,
<br />COiJNTY OF FiAE f )
<br />Robert J. Wheeler and Nancy L. Wheeler, the undersigned,aNotary Public in and Yor said County, personally ame
<br />each in his and her own right mouse of each other, wni are pcrsonaly ltnown to
<br />-~:.
<br />tau to be the identical perwn S whose na ,t ~~1 ,~ .,,~'af(to the abnve instrument as murtgagor5 ytd they severally
<br />atdcnowkdged the said instrument to be tf~ '~'`,° -.,voltinfarp~aiat drr~~5~ed.
<br />WETNESS my hand and Nowt S4a27thtt do4g"g(ores$td {' •
<br />My Comtitissinn expiru~~ 5 ~ ~,. - ~~ t~ ~~ of •.~, ~ ~ -/
<br />~ Notary Public
<br />tames, at f~•"e
<br />t ~ ~ ....
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