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<br />MORTGAGE _ ibi t O L'.t 739
<br />MaeTGAGE LOAN Na_ L 23, 741
<br />[CHOW ALL MEN BY Tt7ESE PRESENTS: That Robert J. Wheeler and Nancy L. Wheeler, each in his - -
<br />and her o4rn right and as spouse of each other, Mortar,wntin~iw~o<~,;nco~ervw~me>~or
<br />Four Thousand One Hundred and No/TGO---------------------------------------------- nau.ARS
<br />loaned to said mortgagor by The Egtitable Bw7ding and Luan Association of Crand Island, Nebraska, Mortgagee, ttpon 41 shares of>aadcaf
<br />raid ASSDCiA'fION, Certifiate No. L , do hereby grant, convey and mortgage unto the said ASSOCIATION the foltowiog
<br />desnbed real estate, situated in FSaB County, Nebraska:
<br />LOT ONE (1), BLOCK THREE (3}, LAKE DAVIS ACRES
<br />SUBDIVISION 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 />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached Hoar coverings, aIl window saeens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories [hereto, pumps, stoves,
<br />refrigerators, and other tixtures and equipment row ar fiereatter attached to or used in connection with sold real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied ar
<br />assessed upon said premises and upon this mortgage and Ehe bond secured therebv belbre the same shah become delinquent; to furnish approved
<br />inswance upon the buildings on said premises si!tuced in the sum u(5 4,1 DD. DG payable W mid ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies fcr slid insurance; and not to wmmit m perms any waste an of about said premises;
<br />In ase of default el the pert"ormance oC any uF the terms and conditions of this mortgage or the Srmd secwett hereby, the mortgagee shall,
<br />on derturrd, be entitled to immediate possession of the mortgaged lrremises and t;te n:urtgagas herrby a.,~s. ig:r;. [rans-fzrs and seas over to rlu
<br />rrturtgagee ad the rents, revenues and income to be derived from the mortgaged premius doming such 3ime as the mortgage indebttdtxss shall rennin
<br />unpaid; and the mortgagee shall have the power to apprint any agent or agents it Huy desire For the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and inwme, and it may pay ant of said ineonlc all expenses of repairing said premises and tta~ssary
<br />wmmissioos and expenses incurred in renting and managing the same and of collecting rentals therefrrm; the balanrx retnaming, d any, to be
<br />applied toward the discharge of sold mortgage indebtedness; these rights of the mortgagee may 6c exercised at any time during 4te ex?stence of such
<br />dc:aull, irrespeeiive nt any temporary waiver of the same.
<br />Thew Pre; His, he:wev :, are upon the Condition, T isac if the s~rid Mortgagor sha1P repay :said lain en or herfue the maturity aP sad shorts by
<br />payment; pay monthly to said ASSOt:lAT10N of the sum specified in the Bond secured hereby ss mtarest and prznripa! an laid Soar., an or 6eferc
<br />[he Twentieth day of each and evcrv month, until said Ioan is ttdly paid; pay all taxrs and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinyuency; furnish approved insurance uptm the buildings thereon in the sum of S 4,1 DG , Gu" payable
<br />to said ASSOCIATION; repay to said ASSOCI:IT[ON upon demand all money by it paid For such taxes, assessments and insurance wrth interest at
<br />the maximum legal rate thereon from date of payment cell of which Mrnrgagor hereby agrees to pay: permit no waste on said premrses; keep and comply
<br />with ail the agreements and conditions of the Bund for S 4,1 GG , GD this day given by the card Mortgagor to sold ASSOCIATION, and comply
<br />with all the requirements u(the Constitution and By-laws oC said ASSOCIATION; then. these presents s1u16 become null and void, otherwise they
<br />shall remain in full force and may he foreclosed at the option uF the said ASSOCIATION after Cailwe Cor three months to make anv of said
<br />paytnenis or be tlvee months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Band;
<br />and Martgagor agrees to love a receiver appointed forthwith in such Coreclosun proceedings.
<br />!f there is any change in ownership of the real estate rrtortgaged heroin, by sak or otherwise, then the entire remaining indtbtedrless hereby
<br />secured scull, at the option of The Equitable Guiding and Luan Association of Grand Island, Nebraska, became immediately due and payable without
<br />fwlher notice, and the amount remaining Sue under aid band, and any abet bond For any additianai advances made thereunder, shall, from ttte
<br />date oC exercise of said option, bear interest at the maximum legal rate, and this mortgage tray [hen be foreclosed to satisfy the amount due on said
<br />bond, and any other bond fur additional advances, together with all wins paid by aid The equitable Building and Loan Asstk:iation uC grand Island,
<br />Nebraska Cor insurance, taxes and assesYtnents, and abstracting extension charges, with interest thereon, From date of payrrxnt at the maximum
<br />kAa! mlc.
<br />As• provided in the Bund secured hereby, while this mortgage remains in effect the mortgagre may hereafter advance additional stuns to the
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the attre as the Funds originally
<br />secured dterehy, the total amount of principal debt nut to exceed at any 4rne the original amount aF this mortgage.
<br />~ j~ 30 dayaf July A u..1~80
<br />N ncy L. eelerr
<br />STATE OF NEB KA, i 30th
<br />COUNTY OF HALL ss Ou this day of J U ~y la 8D ,before me,
<br />Robert J. Wheeler and Nancy L. Wheeler, thetmdersigned,a Notary Public in and far said County, personally corm
<br />earl in his and her otvn right anrLas spouse of each other, who are parsunaly known io
<br />me to be'the identipl person S whose~ S~ l-' al?@.~ ~~s`~'Bxed to the above instrtmtent as mortgagors and they severally
<br />atj~~ ty-
<br />adcnowledged the said instrument to be yr`; ,, va{uukazvracl.~nd deed-
<br />WITNESS my hand an cal the date afpk9ap. l,'.
<br />My Commission expue~ rd~o~'ada~ __~ `~ ~ ~~~~~~LY !~:.4 n ~~
<br />- Notary Rsblic
<br />ldTR2M al
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