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<br /> 76- 002696
<br /> n�oRTcnce
<br /> h10RTGACGLOANNO. � 22+�26
<br /> KNOWALLMENDYTHCSEPRLSENTS:That Frank D. Farmer.and Mildred M. Farmer, each in his and I:
<br /> her own right and as SPOUSE of each other, Mortgagor,whetheroneormore,inconsideratianofthesumoF
<br /> .;
<br /> Fourteen Thousand and No/100-------------------------------------------------------no�inxs
<br /> � tuaned to said mortgagor by The Equltable Huilding end Luan Associution uf Ccand Island,Nebraska,�fortgagee,upon �40 shares of stock of
<br /> � said ASSOCIATION,Certificate No.L ZZ e�26 ,do hareby grant,convey and mmtgege unro the suid ASSO(:IATION qm(ollowing
<br /> described renl estate,situa[ed in Hall Counry,Nebraska:
<br /> ,+
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<br /> ` LOT TWO (2) IN BLOCK ONE HUNDRED TWENTY SEVEN (127)
<br /> '=:i
<br /> IN UNION PACIFIC RAILWAY COMPANY'S SECOND ADDITION ,
<br /> :� TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
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<br /> � f tegether with ati the trnements,hereditsmenis and appurtenances thereunto belun2ing,including attxched tloor corerings,all window screens, � _
<br /> ' i window shades,blinds,storm windows,awnings,heating,ur conditioning,and plumbing and waterequipment and acceswries thereto,pumps,stoves,
<br /> refrigerators,and other Gxtums and equipment now or hereafter attached�o or useJ in wnneclion with said real estate.
<br /> And wheteas the said mortgagor has agreed and does heceby agree diat the mortgagor:hall and will pay ell taxes and assessments levied or �. . �
<br /> � ', assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquenr to fumish approved
<br /> insurance upon the buildings on said premises siWated in the sum of S �Q�QQQ.QQ payable to said ASSOCIATION and to deliver!o said , . ..
<br /> ASSOCIA'IION lhe policies for saiJ insurance;and not to commit ur permit any waste on or about said premius: �� � � .
<br /> �g In cast of default in Ihe per(ormance of any of the terms and conditions o(diis mortgage or the bond secured hereby,the mortgagee shall, . � .
<br /> on demand,be entitled to immediate posxssion of the mortgaEed premises and Ihe mortgaSur hereby assigns, transfer:and sets over to the � .
<br /> mortgagee all Ihe rents,revenues and income to be derived(rom the mortgaged premius duruig such time xs the mortgege indebtedness shall remain .
<br /> unpaid;and the mortgagee shall have the puwer to appoint any agent or agents it may des'ue tor the purpose o(repairing said pmmises and renting
<br /> the same and collec[ing the rents,revenues and income,and it muy pay out of said income all expenses of repairing said premius and necessyry
<br /> commiuions and expenses incurmd in renting and managing thc same und uf collecting rentals there(rom:the balance remaining,if any,m 6e . � . ..
<br /> applied towxrd the discharge of said mortgage indebtedness;these rights o(thr mortgagee may be exercised at xny time during the existence of sucli
<br /> de(ault,irrespective o(any tcmporary wai��er o!the same. - - � -
<br /> � ;�. These Pcesents,however,are upon the Condition,7liat if the said Afurtgagor shall repay snid loan on ur before the maturity of said sharee 6y � - . � �
<br /> p3yment;pay monthly to said ASSOCIATION o(the sum sprcified in the Bund secured hereby as interest and principal on said loan,on or be[ore .
<br /> the Twentiethday of each and every month,untii said loan is fully paid:pay aU laxcs and assessments levied ageinst said premises and un lhis hlortgage
<br /> a�d the Bond secured thereby,before delinquenc�:furnish:�pp�oved insurance upon the buildings thereon in the sum of S �4����.�� payable �
<br /> to s�id ASSOCIAT[ON:repay to said ASSOCIATION upon dernand all money by it paid(ur such taxes,assessments xnd insurance with interest nt �
<br /> the maximum legal ra�e theraon Crom date of payment all of which h1ortgagor hereby xgrees to pay;permit nu waste on said premises:keep and wmply . - .
<br /> '. with all the agreements and conditions ot the Bond(or S 14����.0� lhis day gicen by the said Mur!gagor to said ASSOCIATION,and comply
<br /> . with all the reyui�emenis of the Constitution and By�Laws of said ASSOClATION;then these prtsents shall becmne null and vuid,otherwise they �
<br /> sliall�emain in full force and may be foredosed at the option of ihe said ASSOCIATION after failure (or three munths to make any uC said �
<br /> � pnyments o�be three nwnths in a�rears in making sxid monthly p�yments,m tu Aeep anS comply with the agreement:anu conditions uf saiJ NonJ; . �
<br /> ':��� --:,�:_._,-_..,,,r_�.�a-,,,�.,,.,,,,.,..�,n,.,,,,.,.p��r,i Ce.�hwith��<��rh(nreclosure oroceedines. �
<br /> ..��..,.� ..a.�,.._r ..._._.-------'---« -_ . . �
<br /> If ihem is xny change in uwnership uf lhe real estate mortgaged herein,by sele or otherwise,then the entire rcmaining indebtedness hereby
<br /> � secured shall,xt the option of The Equi[able Building and Loan Aswcintion ot Grnnd Istand,Ne6rxska,become immediately due and p3yable without .
<br /> further notice,and the zmount remaining due under said bond,and any other bond for any xdditional ad�ances made thereunder,shaU,from the
<br /> ��,�.'��� dx�e uf exercise o(said uption,bear interest at the maximum legal rate,anJ diis mortgnge may then be fomclosed to satisfy the amount due on said
<br /> bond,anJ any uther bond(ur addilional advances,together with all sums paiJ by said 1'he C•quitable IIuilding and Luan Association of Grand Island,
<br /> - Nebtaska for insurance,tsxes and astessments,and abstracting extensiun cha�ges, with inteeest thereon,(rom date of payment at the maximum .
<br /> legalratc. �
<br /> � As provided in the Bond secured hereby,while Ihis mortgage remains in etfect the mortgagee may he�ea(ter ad�ance additional sums to the
<br /> ` makers u(said Bond,theu assigns or successors in interest,which sums shall be within the security oC this mort�ge the same as die funSs o�iginaUy
<br /> secured there6y,the totah amount of principal debt not lo oxceed at any time the originai amvunt of this mortgage.
<br /> ��cea�n�s � 14th day of May n.�>.,�y 76 { �
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<br /> �y,,,,' �-•�,� ,.� �'✓/i��li. , f 11 _,�,`�,�U:1i�
<br /> Frank D. Farmer �Mildred M. Farmer
<br /> STATE OF hGBItASKA,�Ss. On this 14th day�r May 19 �6 ,befow me,
<br /> COUNTY OF HALL �I � ,';;
<br /> th yndersig ed a Notary Publ'{c' and tur said County,perwnally came . --�,
<br /> Frank D. Farmer and Mildred M. Farmer, each in �iis an� fier own rig�it and as spouse of �
<br /> 2dCb„��Q� `��hO are Personxtly knox•n to �
<br /> � - �,. 'T'T,,
<br /> �to�ie t�b'i6Ft�yg�e{person5 whose name5 dI'L affixed tu thc above inslrumenl as mortgagor 5 and they ��e[ally �
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<br /> . � /! ackDOwkd�ed ihb,+9idhlStrument lo be thei r voluntary act and Jeed. _`' � ..
<br />„-� � . '� �1d(7Nf?9S my hand and Notarial Seal the data atoresaid. � . �
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