86106971 - Laserfiche WebLink

Browse

$6- 106971 MORTGAGE MORTGAGE LOAN NO. L 24, AA3 K14OW ALL MEN BY THESE PRESENTS: That David J. Wetheri It and Susan L. Wetberil t, each in his ' and her awn right and as spouse of each other, Mortgagor, whether one or mote, a comidimmoa of the suss of louwd to aid Mwlgogor by The Equitable BuMag and Loan Association of Grand Island, Nebndn, Mortswe, upon 60U shoes "of aloek of sold ASSOCIATION, Certificate No. L P4 [6 do hereby grant, convey and mortgage unto the said ASSOCIATION the foBowug deaaibed real estate, situated in Hall Count, eiraska: Lot Twelve (12) Block Four (4) , Brentwood Subdivision, in the City of Grand Island, Hall County, Nebraska. together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens, window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves, refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate. And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or assessed upon said premises and upon this mortgage and the bond secured thereby before the same dull become delinquent; to furnish approved insurance upon the buildings on said premises situated in the sum of S 60, 000.00 payable to said ASSOCIATION and to deliver to said ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises. In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee dull, on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the mortgagee an the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shau remain unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary comrrosions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be applied toward the dischage of said nwagage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such default, irrespective of any temporary waiver of the same. These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of said shares by payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, on or before the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage and the Bond seared thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of $ 60,000.00 payable to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply with all the agreements and conditions of the Bond for S 60, 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then these presents stall become null and void, otherwise they date remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to nuke any of said payments or be three months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond; and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. If there is any change in ownership of the reap estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby secumd shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, dull, from the date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said bond, and any other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island, Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum lewd rate. As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the makers of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage. Dated tj 3r ay of October A. D., 19 86 STATE OF NEBRASKA, COUNTY OF HALL On Urals 3rd day of October 19 86 , before me, the undersigned, a Notary Public in and for aid County, personally cam David J. Wetherilt and Susan L. Wetherilt, each in his and her cwnA�ghhtt and p&AW?jWa,?& each other, ms to the the identical parson s whose mares are affixed to the above inst as mortgagor S and the severally acknowledged the said instrument to be their voluntary act and deed. � WITNESS my hand and Notarial Seat the data afuressid. My Common expires Inc NOW »rase ate.