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<br /> �s- v00341
<br /> MORTGAGE
<br /> � . � MORTGAGE LOAN NO. L22.9�5 MGIC
<br /> � KNOW ALL MEN BY THESE PRESENI'S:That Franci s M. Fry and Letha J. Fry, each i n hi s and her
<br /> own right and as spouse of each other
<br /> Mortgagor,whether one or morc,in constderation of the sum of �
<br /> Ty,�pnt� ThrPr� Thnucand Fi9ht Hundred Fifty and fJo/100--------------------------- pOLLpRS "
<br /> � losned to said moRgagor by The Equitable Building and L.oan Association of Grand Island,Nebraska,Mortgagee,upon 238 sfiares of stock of � �� �.
<br /> said ASSOCIATION,CertiFcate No. L22.9�5 MGI C .do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County,Nebraska:
<br /> LOT ONE (1) IN BLOCK THREE (3) IN UNIVERSITY PLACE,
<br /> AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> NEBRASKA.
<br /> together with ail 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.
<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 beforo the same shall become delinquent;to furnish approved
<br /> � �r insurance upon the buildings on said premises situated in the sum of 5 23,$50.U� payable to said ASSOC[AT[ON and to deliver to said �
<br /> ASSOCIATION the policies for said insurance;and not to rnmmit or permit any waste on or about said premiser, .
<br /> In case of default in the performance of any of the tezms and conditions of this mortgage or the bond secured hereby,the mortgagee shall, .
<br /> on demand,be entit(ed to immediate possession of the mortgaged premises and the mortgagor hereby auigns, 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 mortgege indebtedness shalt remain . .
<br /> unpaid:and the mortgagee shall have the powec to appoint any agent or agrnts it may desire for the purpou of repairing said premius and rmting ���
<br /> ffie same and eolleeting the ronts,revenues and income,and it may pay out of said income all expenus ot repairing said premises and necessary � - ,
<br /> � wmmissions and expenses incurred in renting and managing the same and of collecting rentals therefrom;the balance remaining,if any,to be �
<br /> �� j applied toward the diuharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existena of such . �
<br /> default,irrespective of any temporary waiver of the sama � ..
<br /> �.: �k These Presents,howeveq are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shares by � � .�
<br /> payment pay monthly to said ASSOCIATION of the sum spec�ed in the Bond secured hereby as interest and principal on said loan,on or before � . ..
<br /> the Twentieth day of each and every month,unti!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;furnish approved insurance upon the buildings thereon in the sum of 523�85�.�� payabk � �
<br /> to said ASSOCIA'ftON:repay m said ASSOCIATION upon demand all money by it paid for such taxes,asussments 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;lceep and comply � � � � �
<br /> � with all the agreements and conditions of the Bond for 5Z3�$50.�� this day given by the said Mortgagor to said ASSOCfATION,and comply . . �
<br /> � with all the requirements of the Constitution and ByLaws 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 (ailure 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 proeeedings. � � � �
<br /> 1f there is any change in ownership of the real estate mortgaged hecein,by sale or otherwise,then the rntire remaining indebteMess hereby �� �
<br /> secwed shall,at the option of The Equitable Building and Loan Auociation ot Grand Island,Nebraska,bernme irnmediately due and payable without � � � �� �
<br /> further notice, and the amoun[ remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the � �
<br /> date oC exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on seid ' . �. �.
<br /> bond,and any other bond For additional advances,togethu with all surtts paid by said The Equitable Building and Loan Association of Grand Island, . .
<br /> ' Nebraska for insurance,taxes and assesaments,and abstracting extension charges, with interest thereon, from date of payment at[he maximum �
<br /> ' ]egal rete. . . .
<br /> As provided in the Bond secured hereby,while this murtgage remains in effect the mortgagee may hereaf[er advance additional sums to the . � . �
<br /> makers of said Bond,their assigns or successors in interesi,which sums shall be within the securiry of[his mortgage the same as the funda originally � .� � � � �
<br /> secured thereby,the total amount of principal debt not to exceed at any time the original amount of[his mortgage_ �. � � � � � .
<br /> i ne�ea - 16th. �r January A.o.,19 7
<br /> � � `/1,��',,�� _
<br /> ' Francis M, ry fi' et a J. Fr �
<br /> t ,
<br /> � STATE ORNEBRASKA,�� On this �6tf1. day of January 19 78 ,before me, � '
<br /> 'COUNTY OF HALL a
<br /> r� � the undersi ed,a Nota Public in and for said Coun � -''
<br /> ,, . � 8� +Y tY.P�rsonally came
<br /> f Francis M. Fry and Letha J. Fry, each in his and her own right and as s ouse of each other �
<br /> ,�. .. . �' . . who d�@ per:onally known to .
<br /> "�� � � t :
<br />� ` � .. i�eR ,p^' .peraonS,"' whose name S are affixed to the above instrument as mortgagor5 and they xverally r �' � +
<br /> - .�c{mg d.jhYyh� ' atnunent to be. the'j 1'� voluntary act and deed. �"; ;��
<br /> '�' ��'?�,ijV1 my hand and Nowial Seal the date aforesaid. � ..� �
<br /> � .. .
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<br /> t Y � ,�t No[ary Pubiic
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