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<br />Fil or t iLB KIL
<br />(4�_J6
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<br />of
<br />-ter of Deeds,
<br />Jea.ni isher, Re is
<br />MORTGAGE H;�11 Cotinty, Nebraska
<br />?-1,844
<br />MORTGAGE LOAN NO. L
<br />KNOW'ALL MEN BY THESE PRESENTS: That Albert A. Fielder and Sherone K. Fielder, each i'n his
<br />and her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />.Thirty-two Thousand and No/100 ------------------------------------------------------ DOLLARS
<br />loaried to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 320 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 844 1 do hereby grant, convey and mortgage unto. the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOTTHIRTEEN (13), IMPERIAL VILLAGE THIRD
<br />SUBDIVISION,, AN ADDITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all the tenements, liereditaments and apourtenances thereunto belongingi including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heatinig, 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 wher6s tile said mortgagor has agreed arid does hereby agree that the mortgagor sliall and will'pay all taxes and assessments levied or
<br />.assessed upon said premises and upon this mortgage and the bond secured thereby before tile same shall become delinquent; to furnish approved
<br />insurance upon the buildings oil said premises situated in tile sum of S 32 , 000. 00 payable to said ASSOCIATION and to deliver to 'said
<br />ASSOCIATION the policies for said insurance; arid rio� to commit or permit any waste on or about said premises;
<br />In case of default in tile performance of any 'of the terms and conditions of this mortgage oi the bond secured hereby, the mortgagee silall,
<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 tile mortgage indebtedness sliall remain
<br />unpaid; arid tile mortgagee sliall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and reniing
<br />tile same arid collecting tile rents, revenues and income, and it may pay out of said income all expenses of repairing said premises arid necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom, the balance remaihing, if any, to, be
<br />applied toward the discharge of said mortgage indebtedness; these rights of tile mortgagee may be exercised at any time during tile existence ofsuch
<br />default, irrespective of any temporary waiver of tile same.
<br />These Presebts, however, are upon tile Condition, That if the said Mortgagor sliall repay said loan oil o . r before the maturity of said slia res 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 oil this Mortgage
<br />and the -Bond secured thereby, before delinquency; furnish approved insurance upon tile buildings thercon in the sum of S 3 2 -, 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 arid comply
<br />with all the agreements and conditions of the Bond for S 3 2 5 000. 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 />sliall remain in full. force arid 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 ofsaid Bond;
<br />arid Mortgagor agr ces to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is �ny change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at tile option of Tile Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />ft�rtlicr notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, sliall, frofil tile
<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 provideil in the Bond secured hereby, while ihis mortgage remains in effect the I 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 tlicrcby,'tlie total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dated this. 2nd Jay of October A.D., 19 7 5
<br />Albert A. Fiel6er Sh,erone K. Fielder
<br />STATE OF NEBRASKA,
<br />COUNTY OF HALL ss' On this 2nd day of October 19 75 before me,
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Albert A. Fielder and Sherone K'. Fielder, each in his and her own right and as spouse of
<br />each other, who are personally known to
<br />me to be tile idintical person S whose name s are affixed to the above instrument as mortgagor S - and the severally
<br />acknowledged the said instrument to be . thei r voluntary act and deed.
<br />an,,;.LhesevPral
<br />WITNESS my hand and Not arial Seal the date aforesaid.
<br />sion expi , res -
<br />0,j
<br />—Cdnlmis
<br />LNULUry
<br />3.7312M S
<br />_75
<br />75
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