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<br /> MORTCAGE
<br /> MORTGAGE LOAN N0. � 23,012
<br /> iKNOWALLMENSYTHESEPRESENTS:That Roy D. Fredrickson and Genevieve B. Fredrickson, I
<br /> each in his and her own right and as spouse of each other,
<br /> � ' _ Mortgagor_whether one or more_in consideration of the sum of �
<br /> , _Sixteen Thousand Eiaht Hundred and No/100------- noLLA�s
<br /> � � loaned to said mortgagor by The Equitable Building and Loan Aswciation of Grand Island,Nebraska,Mortgagee,upon �6$ shares of stock of . . �
<br /> said ASSOCIATION, Certifcate No. L 23,012 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the foLLowing �
<br /> �. described real estate,situated in Hall County,Nebraska: ,
<br /> THE NORTHERLY SIXTY AND TWO-TENTHS (60.2) FEET OF LOT TEN
<br /> , (10), IN BLOCK TWO (2), OF GILBERT'S SECOND ADDITION TO
<br /> THE CITY OF GRAND ISLAND, NEBRASKA.
<br /> together with all the tenements,hereditaments and appurtenances thezeunto belonging,including attached floor coverings,all window screens, . �
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing xnd water equipment and accessories thereto,pumps,stoves, � �
<br /> ' refrigerators,and other fixtures and equipment now or hereafter aitached to ur used in wnnection 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 premius and upon this mortgage and the bond secured thereby before Aie same shall become delinquent;to furnish approved � �
<br /> insuranu upon the buildings on said premises situated in the sum oC 5�6�$00.p� payable [o said ASSOCIAT[ON and to deliver [o said .
<br /> ' ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises; . �
<br /> !n case of default in the per(ormance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall, � � �� .
<br /> on demand,be entitled to immediate possession of the mortgaged premises and [he mortgagor hereby assigns, transfers and sets uver to the � .
<br /> mortgagee all the rents,revenues and income to be derived from lhe morigaged premises during such time as the mortgage indebtedness shall remain
<br /> unpaid;and the mortgagee shall have the power to appoint any agent or agents-it may desire for the purpose of repairing said premius and reating �� �
<br /> ' the same and collecting the rcnts,revrnues and income,and it may pay out of said income all expenses of repairing said premises and necessary � ��
<br /> � commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any,to be �
<br /> � applied tuward the discharge of said mortgage indebtedness;theu rights of the mortgagee may be exercised at any time during the existence of such �
<br /> ��i defaul[,irrespeciive of any temporary waiver ot the same.
<br /> T'heu Presems,however,are upon the Condition,That iC the said Mortgagor shall repay said loan on or before tlie maturity of said sharos by -
<br /> � payment;pay monthly to said ASSOC[ATION of the sum spacified in the Bond secured hereby as interest and principal on said loan,on or before
<br /> the Twentieth day of each and every month,until said loan is fu(ly paid;pay all taxes and asscssments levied against said premises and on this Mortgage . �
<br /> and the Bond secured thereby,before delinquency-furnish approved insurance upon the buildings thereon in the sum of S�6�$QQ.QQ payable � �
<br /> to said ASSOCIATION:repay to suid ASSOCIATION upon demand aU money by it paid for such taxes,assessmen[s and insurance with interest at �
<br /> � the maximum legal rate thereon from date of pzyment 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[he Bond for S�(�$0�.QQ this day given by the said Mortgagor to said ASSOCIATION,and rnmply
<br /> with all the requirements of the Constitution and ByLaws of said ASSOCIATION; then these presents shall become null and void,otherwix they � �
<br /> shall remain in full force and may be foreclosed at the option of the said ASSOCIATION xfter failure for three months to make any of said
<br /> payments or be three months in arrears in making said monthly payments,or[o keep and compty with the agreemenes and conditions of said Bond;
<br /> and Mongngor agrees to have a receiver app��inted 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[sland,Nebraska,became immediately due and payable wi[hout
<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[sland,
<br /> Nebraska for insurance,ta�ces and assessments,and abstracting extension eharges, with interest thereon, from date of payment at the inaximum �
<br /> legal rate.
<br /> As provided in the Bond secured hereby,while this mortgage remuins in effect the mortgagee may hereafter advance additional sums to the
<br /> makers of said Bond,their assigns or succeswrs in interest,which sums shall be within the ucurity of this mortgage the same as the funds originatly
<br /> secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> ; 3 ea m�: 22nd a�y of February ( A.D.,19 7$
<br /> i - c- c� Q�'�G�i'/.G�'ZGe � �./X/Ll.f' .rL >!1_
<br /> oy . re ric son Genevieve S. Fredrickson
<br /> STATE OF NEBRASKA,t � On this 22nd day of February t9 7$ ,before me,
<br /> COi1NTY OF HALL j
<br /> the undersigned,a Notary Public in and for said County,personally eame ' �=
<br /> Roy D. Fredrickson and Genevieve B. Fredrickson, each in his and her own right and as
<br /> spouse ofi each other, "'n� are aO15O1�yw'�""'�� �
<br /> .,� . me to be theidentipl penon 5 whou name 5 dY'E �xed to the above instrument'as mortga�or S and they severally
<br /> � adcnodvledged the seid inrtrument to be thei r voluntary act and deed. //
<br /> j�� � WITNESS my hand and Notarial Sesl the date aforesaid. �J % , .�� �
<br /> ��? � � My Commisaion expi i � /,/
<br /> . . .. ` oEREi�LNOTItY7-Spt�MM�br+sYa "" //, . _ '.C' �E:Q.,.,.
<br /> JOY M.BEAZLEY, / N " Pu �
<br /> �s�•tie nt iHy Comrh.Exp.Sap4 I�198� l—�J � �
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