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<br /> ' MORTGACC
<br /> � ntoarcncr toAN no. � 22407 MGIC
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<br /> � '` iCNOW ALL MEN UY THESB PRESGNTS:That Lester D. Fowl er and Jeffi e-Mari e Fowl er each i n hi s
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<br /> and her own right and as spouse of each other
<br /> ;�1 htortgugor,whether one or more,in considcration of thz sum of
<br /> ": Twenty-five Thousand One Hundred fifty and No/100--------------------------------- DOL��tu `
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<br /> �� loaned to wid mortgagor by The Equitabte Building and Luan Assuciation u(Crand Island,Nebraska,t,tur[gagee,upon 25j shares of smck of '
<br /> ry� said pSSOC[ATION,Certificate No.L 224�7 MGI C ,do hereby grant,cunvey and mortgage unto the said ASSOCIATION the following 4
<br /> ai,, described real estate,situated in tlall Counry,Nebraska:
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<br /> P{ LOT FIVE (5), BLOCK SEVEN (7), CLAUSSEN
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<br /> ,f�; COUNTRY VIE6! ADDITION, AN ADDITION TO
<br /> �': THE CITY OF GRAND ISLAND, HALL COUNTY,
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<br /> r�` NEBRASKA.
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<br /> +r� iogether with all the tenements,hemditarnents and appunenances therrunto b�lunging,including attached iluor wverings,all winduw screens,
<br /> �' window shades,blinds,storm windu�ss,awnings,heating,air conditioning,and plwnbing and wacer equipment and accessories thereto,pwnps,stoses, � .
<br /> r�"s re(rigerxtors,and other fl�tures and equipmem now or hereafter attached to or used in connectiun with said real estate.
<br /> �t? And�vhrreas the said mongagor h�s ngreed and docs hereby aerec tha[Ihe murtcagor shall and will p�y all taxes and assessments le��ed or �
<br /> r � anessed upon said premises and upon this mortgage and the bond secured thereby he(ore the same shall become deliny�ent;to fumish approved
<br /> '�" insurance u on the buildincs on said remises situated in U�e smn of S � ablz w said ASSOCIATlO� and to deli��er to said
<br /> �� P P 25,150.00 �'�'
<br /> ,;r_ ASSOCI.ITION the policies Ibr said insurance;and not to commit or pennit any���aste on or about said premises;
<br /> §%�j In cese o(default in dte performance of any ot the terms and conditions of tt�is mortgage or the bund secured hereby,the mortgagee shall,
<br /> _� un demand,be cntided to immediate po:session of the mon�aged premises and the murtgagor heceby assigns, transfert and sets oeer to the .
<br /> `?;,€ mortgagee al!tht rents,revrnues xnd income to be derived from the mortgaged peemises durinR such time ae Ihe mortgage indebtedneu shaA remain
<br /> .�'� unpaid:and Ux morigagee shall have the puwer to appoint any agent or aeents it may desire for the purpose o!rep�iring said premises and renting
<br /> „�.M1 the s�me and collectin�the rents,revenurs and incame,and it may pay out o(said income all eapen:es o(repairing mid premises and necessary ,
<br /> ,�:;f commissions and expenses incurred in ren�ing and man�ging thr same anS uC collectine �enmis therefrom;the balance temaining,if uny,to be � . ..
<br /> applied tox�ard�he discharge o(s�id mortgage indebtedness:these rights of the mongagee may be exercised at any time during the existence o(such �
<br /> ���n5 default.irrespective uf any temporary�cai�•er o(the s�me. ��
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<br /> '(hese Presents,ho�cecer,�rz upun the ConJition,I�hnt i(the suid lfurtgagor sliall repiy s�id loan on or befure the maturiry of s�id sliares by �
<br /> � ? payment;pay munihly to s�id ASSOCIATfOV of ihe sum specified in the 6und secured hereby as inteces[and principal on said loan,on or betore
<br /> ' �lie TweNieth day ui each and eveq�month,until said luan is(ully paid;p�y all mxes and assessments lecied egainst said premises and on this htortgage
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<br /> � �nd ihe Bund secured iherrby�,befure delinyuenc�:furmsh approved insurance upun ihe buildmgs thercon in the sum of S95 150.�� P�>'able
<br /> a tu svid ASSOCIATIOV:rep�y to said ASSOCIATIO\upon dem�nd all munev by it paid ibr such tases,assessments an�t'mdurance wuh intere.t at
<br /> �t;ti the maximum lega!rate thereon from date of payment aIl of a�hich AfortFagor hereby�grees m pay;pennit no a�aste on said premims;keep and comply �
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<br /> with all tl�e agreements and cunditions ui the llond for S 25�150.��tliis da} gi�en by the said\tortgacor�v s:iid ASSUClAT10N,anJ comply
<br /> with all the requirements oi[he Consiiewion and By-Laws oi said ASSOCIATfO!�;then ihcse presents shall hecome null and�oid,otherwix they
<br /> shall rcmafn in(ull furce�nJ may be Ibceclo�ed ai 4�e upiion oi ihe said ASSOCLITIO\ �fter failure Cor thme munths to make any of said . � �
<br /> =" pay,ments or be theee munths in arrears in nuking said mundily payment:,ur tu keep�nd comply wiih the agrcemenu and conditions o(said Bond: . .
<br /> " and lfort�gor agrees w have a receiver uppuimed furthwith in such(oreclasure praceedings. � � �
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<br /> If�herr is any change in owneahip o(the real cs�ate mortgaged hercin,by sale ur otherx•ise,then the entirc rem3ining indebtedness hereby
<br /> '' s�cured sh�ll,a1 the option o(The Lquitable Uuilding and Luan Associatiun uf Grand lilsnd,lebra:ka,become immediately due and payxble withuut
<br /> � (urthe�notice,and�he amount rem�ininE duc unde�said bond,and any otlier bund for any additional ad�ances m�de thereunder,shall,Gom the .. � ,
<br /> :y date of exercise o(said uption,bear interest at thc maximum legal r;�te,�nd this mungage msy then be forecloud to satisfy the amount due on said . � � � �
<br /> bond,anJ xny other bund fur aSditional ad�ences,together x•ith all sums paid hy said The Gquitable Building and Loan Association ol Grand Island, - .� � �
<br /> Nebraska fur insurance,tuxes and assessments,and abstracting extensiun charges,with intzrcst thereon, from date u(payment at the m;tximum . � . � .. .�
<br /> :��:-�[ Icg�l rate. � � _ .
<br /> As pn vidrd in the Bm�d secured hereby,while this mort�;agr rcm�ins in e(fecl thr mortgagee m�y herea(ter adrance additional sums to the � � � �
<br /> makzrs u ��(d(fond,their assigns� ccessors in interest,which sums shall be within the security ol this murtgage the same as the funds originally , - � � �
<br /> s�emed reby,U�e total�piaUn[of rincipal debt nut�o exceed at any time the ori6inal amount of this moctgaga � � �
<br /> ��e in�5 �2nd ��y�r/� Novem6er .�.�,1976
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<br /> Je�fi e-Mari e Fowl er
<br /> STATE OF NEBRASKA. Ss. On this Ja�o( 19 ,before mo,
<br /> COUNTY OF HALL� 2nd s NOvember 76 a(
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<br /> the undersigned,a Notary Public in and(ur said Counh�,perwnally camt ` .
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<br /> � Lester D. fowler and Jeffie-Marie Fowler each in his and her own r�bt and as��p,y�j}�n9���� �
<br /> each.#z�l+er are
<br /> � rpe��,to�c thq xltnit�al person S µ'hose namt s are affixed to the above instrucnent as mortgagur 5 and they severally . � f' �
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<br /> � ��ai�l'riqwlydg�d�l,ie'safd��jnstrument to bc thei r voluntary act and deed. � �
<br /> ��� �Vt7TNFSS my hand and Notarial Seal lhe date aforesaid. t n : '
<br /> � �'� 91p C{��mi:sion expires (I' � ' �/ �, , ,��p ���..�`.� j�'`�-�', '_,/ � ,.
<br /> CO:. , �' �+�-�y�Y ���`�"'""F
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