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<br /> 76- 0035�'�
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<br /> MORTGAGfi LOAN N0. L 2Z,ZZO
<br /> KNOWALLA1GNilYTHES@PRESBNTS:That Gerald K. Fahrenbruch and Diane M. Fahrenbruch, each in
<br /> fhis and her own right and as spouse ofc�each other,
<br /> htortgagor,whetherone or more,in wnsidcralion of the sum oC
<br /> FortY Thousand and No/100---------------------------------------------_----------pp�tatts
<br /> loaned to said mortgagor by The F.quitable Building and Luan Assuciatiun o(Crand Isl�nd,Nebraska,Murtgagee,upun 4�� shares ot smck o(
<br /> � said ASSOCIATION,Certificate No.L Z2.22� ,do hereby grant,convey and mortgage unto the said ASSO(:IATION the Collowing .
<br /> �� described real estate,situated in Hxll County,Nebraska:
<br /> LOT FIVE (5) IN aLOCK TWO (2�
<br /> IN NORMANDY ESTATES, AN ADDITION
<br /> TO THE CITY OF GWLND ISLAND, NE3RASKA.
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<br /> � together wilh all the tenements,hereditaments and appurtenances ihereunW belunging,including attached Ooor coverings,all window screens,
<br /> , window shades,6linds,storm windows,awninge,heating,air conditioning,and plumbing and water equipment and acceswries�hereto,pumps,s[oves,
<br /> re(rigerators,and other fixtures and equipment now or hereafter attached to or used in wnnectiun with said real estate. ,
<br /> . And whcreas lhe s�id mortgagor has agreed and does hereby agree thal the mortgagor shall and will pay all taxes and assessments levied ot �
<br /> � , asussed upon said premises anJ upun�his mortgage and the bond secured thereby before the same shall become delinquen[;to fumish approved
<br /> insurance upon the buildings on said premises situated in the sum oC$QO�QQQ.QQ p�yable to said ASSOCIATION and to deliver to said
<br /> . ASSOCIATION lhe policies(or said insurance;and not tu commit or permit any wasce on or a6out said premises; �
<br /> In case of dcfault in the per(ormance of any oC the terms and ronditions o(this mortgage ur lhe bond sewred hereby,the mortgagee shall, �
<br /> on demanJ,be entiqed to immediate posscssion of the mortgaged premises and ihe mur[gagor hereby assigns, transfcrs and sets over to the
<br /> mortgagee all the mnts,cevenues and income to be derived frum the mortgaged premises during such time as the mortgage indebtedness shall remain
<br /> unpaid;and the mungagee shall have the power to appoint any agent or agents it may desire Cor the purpose of repairing said premises and renting
<br /> the same and collecting�hc rents,re��enues and income,and it tnuy pay out o(said income all expenses o(repairing,aid premises and necessary
<br /> � commiuiont and expenses incurred in renting and menaginG the same xnd of rollecting �entals therefrom: the balance remaining,iC any,to be
<br /> _ applied tuward the discharge o(said mortgage indebtedness;these rights uf U�a mortgagec may br exercised at any time during the existence of such
<br /> " . de(ault,irrespective oC any temporary waiver of the same.
<br /> _ �� These('resents,however,are upun the Condition,'fhat i!the said Afortgagor shall repay said loan on or betore the maturity of said shares by
<br /> j_ - paymenC pay mun�hly to s�id ASSOClAT10N o(the sum specified in the Bond secured hereby as inierest and principal on said loan,on or befom
<br /> the Twrntielh day uf each and every month,until said loan is fully paid;pay all taxes and assessments Itvied�gainst sxid premises and un this\lurtgage
<br /> � and the Bond secured thereby,before delinyuency:fumish appmved insurance upun the buildings tt,ereon in the sum ol'S 40�0��.�� P�Y�b�� �
<br /> to said ASSOCIATION;repay to saiJ ASSOCUITION upun demand all monev by it paid for such[axe�,assessments and insurance with interest�t
<br /> � the maximum legal rate thereon(rom date uf payment all of which�tongagor hereby agrees to pay;permit nu waste on said premises;keep and comply
<br /> with all the agreemems and conditiuns uf the[Sund for S40�OO���SO ����s day given by the said 1lortgagor to said ASSOCIATION,and comply
<br /> widi aU the rcyuirements of the Constitution and 8yLaws o sai OCIATIO�;then these presents sh�ll become null and void,otherwise they
<br /> �. shall remain in[ull(nrce and may be foreclosed at�he option of the said ASSOCIATION a(ter (ailure for thme munths to make any of s�id
<br /> payments or be thrce months in arrears in making uid monthly payments,ur tu kccp and comply with thc agretments and conditions u(said Bond;
<br /> and Afortgagor agrces tu have a�eceiver:�ppainted forthwith in such fureclosure proceedings.
<br /> If there ie any change in uwnership uf the real estate mortgagcd herein,by salc ur otherwise,then ihe entire remaining indebtedness hereby
<br /> +� xcured shall,at the option u(The Gyuilable Building and Luan Association of Grand lsland,Nebraska,become immediately due and payable without
<br /> furiher notice,and the amount rem�ining due under said bond,and any oiher bund for any additiunal ad��ances made thereunder,:hall,from the
<br /> date of exercise of said option,bcar interest at the maximum legal rate,and this murtgage may then be foreclosed to satisfy the amount due on said
<br /> ; bond,and any other bond for additional advances,together with:�ll sums pnid by said The f:yuit�ble Building and Loan Association uf Grand[sland,
<br /> Nebraska for insurance,txxes and assessmcnts,and abslracting extensiun charges,with in�erest thereon, fmm date of payment at the maximum
<br /> legalrate.
<br /> As pruvided in the Bond secured hereby,while this mortgage remains in effect the mortgagce may hereatter advance additional sums to the
<br /> makers o(said Uond,their assigns or successors in interest,which sums shall be within the secu�ity of Ihis mort�ge the same as die funds originally
<br /> secured thereby,the wtal amounl o(principal debt not to exceed at any time the original amount o(this mortgage.
<br /> - Dated this 29th. a�y�r June A.ll.,19 �6
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<br /> < � . a ren ruc Di ane�°i.—�aFiren ruc
<br /> STATE OF NEBRASKA,�
<br /> COUNTl'Of HALL ss. On this 29th d�1'�� June 19]6 ,be(ore me, � '
<br /> the undersigned,a Notary Public in and for said Counry,peesonally came ' ,
<br /> Gerald K. Fahrenbruch and Diane M. fahrenbruch, each in his and her °1 :��
<br /> whu dre personally known to
<br /> I own right and as spouse of each other � �
<br /> ` �-u�e`���entical person 5 whose name 5 a(tized m the�bove instrument as mortgagorS �"� they �"���a��Y � ..,
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<br />;: %�a`c�:nq��pd�e4�tiia�aid instrument to be the i r �'oluntary act and deed. �� �- �
<br />`� I���`��``�-`� �� NV7NESS my hand and Notariat Seal the date aforesaid. !�?
<br />�, .� � . h1Y'�ommisvon expires C l7 yY 7� � � ���� ( � .
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