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76" 000700
<br /> MORTGAGE
<br /> ~~ MORTGAGE LOAN NO. L 21,986
<br /> KNOW ALL MEN BY THESE PRESENTS:That William C. Fischer and Sharie L. Fischer, each in his
<br /> and her own right and as spouse of each other, Mortgagor,whether one orn.tete,inconsideration ofthe sum of
<br /> Twenty-six Thousand Five Hundred and No/100 DOLLARS
<br /> 4'''' loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 265 shares of stock of
<br />-'t' said ASSOCIATION,Certificate No.L 21,986 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following '
<br />;`, described real estate,situated in Hall County,Nebraska:
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<br /> LOT SIX (6) AND THE NORTH SIXTEEN AND
<br /> FIFTY-FIVE HUNDREDTHS FEET (N. 16.55') OF
<br />, LOT EIGHT (8) IN BLOCK EIGHTEEN (18), UNIVERSITY
<br /> • PLACE, AN ADDITION TO THE CITY OF GRAND ISLAND,
<br /> HALL COUNTY, NEBRASKA.
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<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
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<br /> And whereas the said mortgagor has agreed 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 bond secured thereby before the same shall become delinquent;to furnish approved
<br /> insurance upon the buildings on said premises situated in the sum of S 26,500.00 payable to said ASSOCIATION and to deliver to said
<br /> ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises;
<br /> In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall,
<br /> on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br /> 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
<br /> 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
<br /> commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom;the balance remaining,if any,to be
<br /> applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any bine during the existence of such
<br /> default,irrespective of any temporary waiver of the same.
<br /> These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before tire maturity of said shares by
<br /> 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
<br /> 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
<br /> and the Bond secured thereby,before delinquency;famish approved insurance upon the buildings thereon in the sum of S 26,500.00 payable
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> 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
<br /> with all the agreements and conditions of the Bond for S 26,500.00 this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> with all tire requirements of the Constitution and By.Laws of said ASSOCIATION;then these presents shall become null and void,otherwise they
<br /> shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br /> 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;
<br /> and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br /> If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby
<br /> secured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become 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 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
<br /> bond,and any other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br /> Nebraska for insurance,taxes and assessments,and abstracting extension charges,with interest thereon,from date of payment at the maximum
<br /> `'.; legal rate.
<br /> 3;-. As provided in the Bond secured hereby,while tins mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br /> 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 c,iginally
<br /> isl secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> FebruaryA.D.,19 76
<br /> 1 j Dated this 14th day of
<br /> nit ' _e,IlL �1 , ,j1/�f
<br /> "' William C. Fischer Sharie L. Fischer
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<br /> un` STATE OE NEBRASKA,i ss On this 14th day of February 19 76 ,before me,
<br /> COUNTY OF HALL/(
<br /> v -, the undersigned,a Notary Public in and for said County,personally came
<br /> g. William C. Fischer and Sharie L. Fischer, each in his and her own right and as spouse of
<br /> each other, who dPe petsonallyknownto
<br /> • •••- —to be the identical person S whose names are affixed to the above instrraarre shrortgagor s and the severally
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<br /> A acknowledged the said instrument to be their voluntary act and deed. /l
<br /> WITNESS my hand and Notarial Seal the date aforesaid.
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<br /> My Commission expire /
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<br /> c of ,„ . /I/ /— _.i Notary Public
<br /> i 3732M r
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