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<br />MORTGAGE 8941 -111- 100499
<br />MORTGAGE LOAN No. HI 897 FHA
<br />KNOW ALL MEN BY tH SE PRESbN -B: -hat William T. Fry and Grace H. Fry, each in his and her own
<br />right, and as spouse of each other,
<br />Mortgagor. whether one or mom, to consideration of the sum of
<br />Two Thousand Six Hundred Ninety Four and no /100 ----------------------------------- bOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island. Nebraska, Mortgagee, upon 27 shares of stock of
<br />said ASSOCIATION, Cenir=te No. ILI 897 FHA , do hereby grant, convey and mortplye unto the sad ASSOCAA'IiON the folk *
<br />descn'bed real estate, sitmied its Hall Counts, Nebtraska_
<br />A tract of land laza'ted in the Southeast Quarter of the Southwest Quarter (SEhSW%) of Sec-
<br />tion Fourteen (14), Township Eleven (11) North, Range Ten (10) West of the 6th P.M., Hall
<br />County, Nebraska, more particularly described as follows: Commencing at the Southwest
<br />corner of the Southeast Quarter of the Southwest Quarter (SE':SVfe') of said Section 14;
<br />thence North 0 Degree 561 East along the West line of the Southeast Quarter of the South-
<br />west Quarter (SEriSW':) of said Section 14, a distance of Four Hundred Nine (409.00) Feet
<br />to the point of beginning; thence continuing North 0 Degree 56' East along the said West
<br />line of the Southeast Quarter of the Southwest Quarter (SE':SA), a distance of Four
<br />Hundred Ninety One (491.00) Feet; thence South 89 Degrees 121 East, a distance of One
<br />Hundred Thirty Seven (137.00) Feet; thence South 15 Degrees 451 East, a distance of Four
<br />Hundred Seventy Nine and Ninety Hundredths (479.90) Feet; thence South, a distance of
<br />Twenty Eight (28.00) Feet; thence North 89 Degrees 111 30" West, a distance of Two Hundred
<br />Seventy Four and Thirty Four Hundredths (274.34) Feet to the point of beginning.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window saeens,
<br />window shades, blinds, storm windows. awnings, heating, air conditioning, and plumbing and water equipment and arxenories thereto. pmnpt,stowes,
<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 nay all to ;es air d #ew&�re .rate MV*d er
<br />assemed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 2 r 694 00 payable to said ASSOCIATION and to deliver to staid
<br />ASSOCIATION the pabuaes for said insurance; and not to commit or permit any waste on or about aid premises;
<br />In case of default in the perforrimce of any of the terms znd amaditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate passession of the owrtgaged premises and the mortgagor hereby assigns, transfam and sets over to the
<br />mortgagee all the rents, revenues and income to be deriv ee$ from the mortgaged premises during such time as the mortgage indebtedness shalt remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may drttue for the purpose of repairing said premises and resting
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and aeceaary
<br />commissions and ei pens i ncuned in reefing and managing the same and of collecting rentals therefrom; the balance memaining, if any, to be
<br />ap� toward the dischargo-of said mortgage indebtedness; these rights of the mortgagee nay be exercised at anytime during the ezistana of'wch
<br />default. irrespective of any temporary waiver of the same.
<br />These Pretents. however.,, are upon the Condition, That if the said Mortgagor rlt�all repay said loam on or before the maturity of said shares by
<br />payment; pay monthly to said; ASSOCIATION of the sum speed in the Bond swured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all Eaxcs and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delbquency furnish approved b" s►gimtce upon. the buildings thereon in the sum of S 2,694.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION cpoam demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment ate of which Mortgagor herebggees to pay; permit no waste on said premises; keep and comply
<br />with all the agreements and conditions of the Bond for S 2, 694.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By-I.aws 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 failure 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 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 Lours Association of Grand Island. Nebraska, become immediately due and payable without
<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 Mding uW Loan Association of Grand Island,
<br />Nebraska for insurance. taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional su=ns to the
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dated this 27th ,S of January A. D., 19 89
<br />W.11 i r
<br />Grace M. Fry
<br />STATT? OF NEBRASKA.
<br />COUNTY OF }TALL
<br />pa th"as 27th dale of January 1989' before gate,
<br />L the undersigned, a Nc=ary Public in and for said County, personally came
<br />William T. Fry and Grace M. Fry, each in his and her own right,
<br />and as spouse of each other who are personaYly known to
<br />me to be the identical persons whose names are affixed to the above instrument as mortgagor s and they sevemuy
<br />acknowledged the said instrument to be their voluntary act and deed.
<br />WiMS5 my hand and Notarial Seal the date aforesaid.
<br />MY('arnmiseuroexpires // -, V{ �~
<br />� a; Notary sunlit.
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