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<br /> . 68871-5TATE JOURNAL COMPANY.LINCOLN,NEB. � �A _ _____ �_ _ _ . _ � � ,
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<br /> SUPPL��7El��Z'AI�AGREE:���NT Ik L
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<br /> ; Kno�v All �4en By These Presen-�s: , g �
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<br /> THAT �PHEF�EAS, FELERAL TRUST ' COTdPANY has negotiated for us Ed A. Jones,Jr, and wife a loan of ; '
<br /> $�4200. C�, secured by fa.xst mortgage upQn the premises hes�einafter described and propose makin� � , �:
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<br /> a sale of said not� and mortgage �o� an invest4r, and '�GHEREAS, the invest4.r , in purchasing {
<br /> sa.id no�e and mort�a.�e �rill rely on our a�reement to p�,y the same according to �he terms
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<br /> thereof and i.t is tc� our intexest to provide that such payment shall be promptly made, and, ------
<br /> �1HEREAS, said FEDERAL TRUBT COi��ANY, in making a sal� of sa.id note and mort�;age may obligate
<br /> itself to collect frorn us the installments of interest as they mature and forward the same �o
<br /> its invest�:r and throughout the life of the :�ort�;age may care for the interests of the inve�t.-
<br /> or respectin� the p�.y.�lent of ta.xes and observing the covenants of the mortga�e, and, V6HEREAS, ��-..._ .
<br /> the said FEDERAL TRUST CO�A"'Y may, from time to time, advance for us to the investor the
<br /> interest and �na�ke other n�.s�ments tha.t may mature upon said note and mortgage according ta the'
<br /> terms thereof.
<br /> N0�1 T�REFORE:, in conaider�.tion of the �remises, we do hereby covenant and a�ree with FEDERAL
<br /> 'ERUST COMPAIvTY th�.� v�e will promptly pay the interest and principal maturing upon the note
<br /> executed by us on the date hereof anc3 payable to FEDERAL TRUST COMPANY in accoraance �►ith tlae '_ .:
<br /> terms thereof and which note is secured by mort�age executed by us on this date to FEDERAL �--------�
<br /> ' TRUST CO�PANY donveying the followin�; �escribed property situated in the eounty of I3a11 state'; � �
<br /> of Nebraska to—v�it: Lot "C" , Jones Subdivision, 'Yoc�ted on Fractional Lots Two (2) , Three
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<br /> {3) and Four (4) , Block Seven (7) , 1"�iebe' s Addition to the City of Grand Islanda Nebraska.
<br /> We further covenant to and e�ith the s�,id FEDERAL TR�TST COb�ANY that we will etrictly observe
<br /> . ort d ro I h x a.ecruin '�
<br /> the covenants and a •r�emen-�s contained in said m gage an p mpt y pay t e ta es g k.
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<br /> upon the above described prernis�s before the same ahall be iz� default. .
<br /> We further_ agree that in the eveMt we fail to pay the interest or make the other payments �__ `
<br /> maturin� upon said loan promptly as the same matures, or in the event th�t we default in the
<br /> payment of taxes and sa.id FEDERAL 3'RUST CO2�ANY elect to and do advance such interest or othe�
<br />�'i payments, we will repay same .�rith interest at the rate provided in said note and mortgage and
<br /> that the said FEflERAL TRUST C4MPANY shall have a lien upon th-e above described premises for a�y
<br /> moneys advanced by them for any and alI sueh payments, with interest, and we hereby gxant and�
<br /> convey unto said FEDERAL TRUST COMPANY the rea.l est�,te above described to secuxe any sueh adv�,nces
<br /> so made, with interest t'h.ereon.
<br /> I � Should we default in the pa.yment of any .8ums of money ma.turing under said note and mortgage
<br /> ' or in any of the covenants therein contained and should said FEDERAL TRUST C0:.9PANY make any
<br />' such a mants it shall have a lien u on all cro s raised and ro�un u on said remiees and
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<br /> maturing after such default and shall collect and receiv,e all rents accruing or becoming due
<br /> from any tenant after or during the year of any such default.
<br /> For any payments made for us by, the said FEDERAL TRUST GO�ANY, maturing under the terms and -----��
<br /> provisions of said note and mortga�e, the said FEDERAL TRUST CO�ANY shall be subro�;ated to `� �
<br /> �11 of the rights, liens and re�nedies provided in s�.id note and mortga�e fQr the owner and � '
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<br /> holder ther eof, sub j ect only to subseq�:ently maturing paymer�t s.
<br /> Upon the full payment by us of the� note secured by said mortgage an,d the eatisfaetion of our '
<br /> obligations thereunder, this instrument and all obligations under it shall terminate.
<br /> IN WI'�NESS �tHEFEOF we have executed th� foregoing this 27th day of Marc� '192b, -,_�„
<br /> IN PSESENCE OF: Ed J. Jones Jr. ..��..-l�.
<br />; E. F. Anderson Edith. J. Jones
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