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80-- 004689
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 23 , 764
<br />KNOW ALL MEN BY TNESE PRESENTS: That Ross H..Wing and Eileen B. Wing, each in his and her
<br />own right and as spouse of each other
<br />Mortgagor, whether one or more, in cortaderatiw of the nm of
<br />Eighteen Thousand Eight Hundred and No/100------------------------------ _ __ ~oLURs
<br />loaced to raid mort fpgor by The Equitable Budding and Loan Association of Grand Island, Nebraska, Mortgagce, upon 1$$ shares of atodc of
<br />sad ASSOCIATION, Certifitgte No. L z3 , 764 , do hereby grant, wnvey and mortgage unto the said ASSOCIATTON the folbwvrs
<br />destaibed real estate, situated in Ha6 County, Nebraska:
<br />LOT EIGIiT (8), IN BLOCK TtJENTY (ZO) IN PACKER AND
<br />BARR'S SECOND ADDITION TO THE CITY OF GP,AND ISLAND,
<br />HALL COUNTY, NEBRASKA
<br />together with a6 the tenements, hereditaments and appurtenances thereunto belonging, including attached floor wverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning and plumbing and water equipment and acrossories [hereto, pumps, stoves,
<br />refrigerators, and other factures and equiprtrent now or hereafter attached to or used in wnnection with said real estate.
<br />And whereas the said rrmrtgagor has agreed and does hereby agree That the mortgagor shall and will pay all taxes and asxssmen[s levied or
<br />asxsxd upon said premixs and upon this mortgage and [he bond xcured thereby before the same shall become delinquent; [o furnish approved
<br />insurance upon the buildings on said premixs siluated~in the sum o(S 1$, $DD. DD payable to said ASSOCIATION and to delicer to said
<br />ASSOCIATION the politics for said insurance; artd not to wmmit or perntit any waste on or about said premixs;
<br />In tax of default in the performance of any of [he terms and conditions of this mortgage or the bond xcured hereby, [he mortgagce shah,
<br />on demand, be entitled to immediate p,sxssion of the mortgaged premixs and the mortgagor hereby assigns, transfers and xts over to [he
<br />rnortgagce all the rents, revenues and income to be derived from the mortgaged premixs during such time as the mortgage indebtedness shall remain
<br />unpaid: and the mortgagee shalt have the pcwr, w appoint any agent or agents it may desire for the purpox of repairing mid premises and renting
<br />the same and wllecting the rents, revenues and income, and it may pay out of said income all expenxs of repairing said premixs and necesxry
<br />commissions and expenxs incurred in renting and managing the same and of Collecting rentals therefrom; the balance remaining, if any, to Fx
<br />applied toward the discharge of said morgage indebtedness; thex rights of the mortgagec may be exercixd at any time during [he existence of such
<br />default, irrespective of any tempomry• waivtr of the same.
<br />Thex Prexnts, however, are upon the Condition, That i(the said Murtgaget shall repay said loan on or before the maturity of said shams by
<br />payment; pay rrmnthly to said ASSOCIATION of ttrc sum specified in the Bond xwred hereby as interest and principal on said loan, on or before
<br />the Twentiethday of each and every month, until said loan is fully paid; pay all taxes and asxssmenls levied against said premixs and on this Mortgage
<br />and the Bond xcured thereby, before dehnquency; furnish approved insurance upon the buildings thereon in the sum of 5 1$, $DD. DD payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by i[ paid for such taxes, asxssmen[s and instrance with interest at
<br />the maximum legal rate [hereon from date ofpayment all of which Mortgagor hereby agrees to pay; permit no waste on said prcmists; keep and wmply
<br />with all [he agreements and wndi[ions of [he Bond for S 1$ s $~~ • ~~ this day given by the said Mortgagor to said ASSOCIATION, and wmply
<br />with all the rsquirements of the Cons. ~ution and By-Laws of xid ASSOCIATION; then thex prexnts shall become nub and void, othetwix they
<br />shah remain in full force and may be forecloxd a[ the option of the said ASSOCIATION after failure for three months to make any of xid
<br />payments or be three months N arrears in making xid monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a recroiver appointed forthwith in such foreclosure proceedings,
<br />It [here is any change in ownership of [he real estate mortgaged herein, by sale or otherwix, then the entire rermining indebtedness hereby
<br />xcured shah, at the option of The Equitable Building and Luan Association of Grand Istand,Nebraska, bewrrte immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercix of xid option, bear interest at the maximum legal rate, and this mortgage may then be furccloxd to satisfy the amount due nn said
<br />bond, and any other bond for additional advanas, together with all sums paid by said The Equitable Building sod Lunn Assa:iation of Grand Island,
<br />Nebraska for insurance, taxes and asxssments, and abstracting extension charges, with intemst thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided N the Bond xcured hereby, while tlds mortgage remains in effect the nmrtgagce may hereafter advance additional sums to the
<br />makers of xid Bond, their assigns or successors in interest, which sums shall be within the xcurity of this mortgage the carne as the funds originally
<br />xcured thereby, the total amount of principal debt nut to exceed at any time the original amount of this mortgage.
<br />ed [h;a 6th M1day of August A. c~., 1v80
<br />` tti
<br />n
<br />e n .' Ing
<br />STATE bF NEBRASKA, ~ ss Or. this 26th da oC Au u S t
<br />COUNTY OF HALL y g 19 $~ ,before me,
<br />Ross H . Wing and Ei 1 een B; Wing , the undersigned, a Notary Public in and for said County, personally game
<br />each in his and her ownt'~ri ght use of each other, woo are perwttaBy known to
<br />~, :AL,,,
<br />me to be the identical person S who .••h •'~•Y~•.,'~i to the above instrument as mongagor S and they xve~lY
<br />arJcnowledged the said instrument to be ~Sg".i.Y wluntsry'ycKfl deed.
<br />WITNESS my hand and ottuia115ya~~tdatp pfofesai l ~'
<br />My Commission expires 1k
<br />tarazar rtt - . _ ..- Notary Public
<br />`~io.
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