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Filed fo recor -r at D•o? M. ;n Bo l
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<br />21
<br />Je fisher, Register of Deeds„ i
<br />MORTGAGE Hall County, Nebraska
<br />MORTGAGE LOAN N0. L 21 , 574
<br />KNOW ALL MEN BY THESE PRESENTS: That Charles Farber, Jr.-.and Karen K: Farber,^each in his and
<br />he own right and as souse of each other Mortgagor, whether one or more, in consideration of the sum of.
<br />r w g p �.
<br />Twenty Thousand and No/100------------ -------------------------------- --------------- DOLLARS,
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee; upon 200 shares of stock of
<br />said ASSOCIATION; Certificate No. L 21,574. do hereby grant, convey and mortgage unto the said ASSOCIATION-tie following
<br />described real estate, situated' in Hall County; Nebraska:
<br />LOT TWELVE (12) OF BLAUVELT SUBDIVISION _
<br />LOCATED ON A HART OF THE WEST HALF OF THE
<br />SOUTHWEST QUARTER (WZSW4) OF SECTION TWO
<br />.(2)-, TOWNSHIP ELEVEN (11) NORTH, RANGE TEN
<br />(10) WEST OF THE 6TH'P.M., HALL COUNTY,
<br />NEBRASKA.
<br />together with all 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 before the same shall become delinquent; to- furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 20 X000.00 payable to said ASSOCIATION and to.deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In case of default in the performance 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 the mortgagor hereby assigns, 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 mortgage indebtedness shall remain
<br />unpaid; and the mortgagee sliall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<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 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 toward the discharge of said mortgage, indebtedness; these rights of the mortgagee may, be exercised at any time during theexistence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, 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 specified 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 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 S 20,000-00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon 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 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 the Bond for s 20 , 000.00 this day given by„tile said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements' of the Constitution and By-Laws 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 Loan 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, sliall, 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 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 sums to the
<br />makers of said Bond, their assigns or successors in interest, which sums sliall 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 />ed this _30#1, day of April A. D.; 19 75
<br />C -�U�, -
<br />Charles Farber,Jr. are ar er.
<br />STATE OF NEBRASKA, ss. On this . 30th_ day of April 19'75 , before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came.
<br />Charles Farber, Jr. and Karen,K. Farber, each in his and her own right and as spouse of
<br />each other, -
<br />who are personally known to
<br />me to be the identical person S whose name S are affixed to the above instrument as mortgagors and they severally
<br />acknowledged the'said instrument to be their voluntary act and deed.
<br />WITNESp)Y$tlitLDiari l Seal the date aforesaid. '
<br />cs c n i In ARY
<br />My Conn missro`it'e l l[e� ;
<br />State n; vc r. _1<a
<br />Ejy Commisslon a Notary Public
<br />373t�k Novembe 2 4�7
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