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MORTGAGE Subject to L23 739- -
<br />- - - - MORTGAGE LAA# NO: L 23, 740 - _
<br />KtiOR'ALL MEN 73Y THFSE NRESENTS: That Robert J. Wheeler and Nancy L. Wheeler, each in. his- -
<br />own right and as spouse of each other,
<br />Thirty-Five Thousand and No/100----------------- Mart`'wl"'h`rO°i°`m°r`_in°cu,"®`ag=
<br />- ---------------- - -
<br />naet.A~.s
<br />Itraned to soul mortgagor by The Egtdtab~ Btdiding and Loan Association of Grannd Islmd, Nebraska, Mortgagee, upon 350 ~,~~~~- - - - - -
<br />said ASSOCIATION, Certificate No. L 23, 74O , do hereby Bard, convey and mortgtge unto the aid ASSOCfATIOtY the fo1
<br />described real estate, situated in Hall County, Nebraska: -
<br />LOT ONE (1), BLOCK THREE (3), LAKE DAVIS ACRES
<br />SUBDIVISIOPI HALL COUNTY, NEBRASKA.
<br />Subject to a prior mortgage to the mortgagee herein
<br />in the principal amount of $30,900.00, dated July 30, 1980.
<br />togedter with aB the tenements, hereditamrnts and apptutenances thereunto belonging, including attached flooc coverings, all window screens,
<br />window shades, bends, storm windows, awnings, heating, air canditiuning,andptumbing and water equipment and accessories Yhere[o,pumps, stoves,
<br />refrigemtgrs, and other fixtums and equipment now or hereafter attached to or used in cgnnec[ion with :aid real estate.
<br />And whereas the said mortgagee has ageed 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 and the hand secured thereby before the some shall become delinquent: to furnish approved
<br />insurance upon the buildings qn said premises situated in the smn of 5 35 , OOO. OO Payable to said ASSOCIAATION and to dtliver to said
<br />ASSOCIATION the policies fqr said insurance: and not [ewmmit or permit any waste on ur about said premises;
<br />(n case u( default in the performance of any of the terms and atnili[ions a( this mortgage or the hand sec,rced hereby, r.'re mortgagee chap,
<br />an demand. be emitted tq immediate possession ul the mor[gage6 premises and the mortgagor hereby assigns, transfers and sets aver to the
<br />miarigagee a1S the rents, rzveetues and inwme [o be derived from the morgaged promises d«rimg such time as the mortgage indebtedness shall remain
<br />tmpaid: anti ihr mm2gagee shall have the power to appoint any agent or agents it may destre for the purpose of repairing said premises and renting
<br />the same and wllecting tiro rents, revenmx and income, and it mny pay out of said irmome all expenses ui repairing said premises and necessary
<br />urmmissigru and expenses incurred m renting and managing the s-arrre and o!' ;.roFlecti:ig renrats then:from; thz balance remaining, if any, to he
<br />applied toward the discharge of said mortgage indebtedness; these rights of the ntgrtgaaue may 6z exercised at any time during the existence of such
<br />default, irrespective nt' any temporary warver of the tamu-
<br />Thesz i'resenis, however, are upon the Condition, That d Chc said Mortgagor shadl reapay !ofd itxan on ur 6e1'ore rite nyunrity aF .old ~h. 2s by
<br />payment; pay montltiy tc =a:d AS'S(i`'tATION of the sum spz~fied in [flc &md seared heretay es interest and principal on said loan, nn qr before
<br />the 'fwentieNrdoy of r:tch and every month, tmtit :aid loan rs ftdiy paid; pay :tit axes and asse:~mteats levied against said premises and oat this Mortgage
<br />and the Bond secured (hereby, hefor delinquency; f umis6 approved insurvice upon the buildings thereon m the sum qt 535 , ODO. OO payable
<br />[o said ASSOCIATION: mpay tq said ASSOCIATION upon demand all money by it pazd &rr such [axes, nssessmen[s and insurance with interest a[
<br />the maximum legal rate thereon from date ofpayment all oC which Mortgagor hereby agrees fq pay; pernzit nu waste on said prermses: keep and comply
<br />with all the agreements and anditions of the Nond fqr 5 35, OOO. OO this day given by the said Mortgagor to said ASSOCIATION, and ~romply
<br />with all the requirements of (he Cgnstitutimi and 8y-Laws of said ASSIX'IAT(ON; then these presents shall become null and void, otherwise they
<br />shall remain in full force and may be haeclosrd at the opiian of the said AS50('IATtON niter failure for three months to make any of said
<br />payments or be three months in arrears in mating said monthly payttxnts, qr [o keep and romply with the ageements and conditions of said Bwul
<br />and Mortgagor ogees tq have a receiver appointed forthwith ut suc}t loredosure praczedings.
<br />If there is any change in ownership of the real estate mortgaged hereht, by sale or otherwise, then the entire remaining urdebtedness hereby
<br />secured shalt, at the option of The fiquiable Building and loan Association rf Grand Island, Nebraska, become immediately due and payable without
<br />further notice, nerd the amount retnaining due undue card bond, and any other bond fqr any additional advanecs made dterzunder, shag, Crum the
<br />date of exercise of said option, bear interest at the maximum legal rata, and this mortgage uwy than be foreclosed to satisfy the amount due on said
<br />bond, and any other bond for additional advantxs, together with an sums paid try said The tiyui[ahle Building and Loan Assceiation of Grand Island,
<br />Nebraska For insurance, taxes and assessments, and abs[ractmg extensitm charges, with inrerest thereon, from date of payment a[ the maximum
<br />legal rate,
<br />As provided in the Ihmd secured hereby, while this mor[gagz remains m effect the mortgagzu may hereafter advance additional soots to the
<br />makers of said &atd, their assigns or mccessars in interest, which sums shalt be within the security of this mortgage the same as ttte funds ariginnlly
<br />sactued thereby, the total amount of principal debt not tq exceed at any time the original amount of this mortgage,
<br />hiss 30th.~.~ daygf July ~.r3,tr,80
<br />v~ r '
<br />r nee r _ ----
<br />1
<br />ancy r
<br />STATE OF N RASICA, ~ ~ Oa this 30th . da f J U 1
<br />COUNTY OF HALL y " Y Iv BO .before me,
<br />Robert J. Wheeler and Nancy L Wheeler, the undesrgncd,a Notary Fuh(ic¢r and fur said County, personally name
<br />each in his and her own ri~ as spouse of each other, who are personally known to
<br />me [o he the identical person 5 wh,',~.; ~d1'/Fr~`i~gfftxed to the above instrument as mortgagor 5 and they severally
<br />acknowledged the said instrument to Ire~`.,`C~'IQ'7Sr '= d~l~ and deezl.
<br />`NITNESS my hand ~tf~.vtotarwi Seal [he aato-akSrdssid. ~ 1
<br />My Commissit n exptdes ~ ° L
<br />r
<br />ta~raaat at ~~ ~ Notary t'uhlic
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