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<br />MORTGAGE 89= 10165 7
<br />1 MORTGAGE LOAN NO., HI 900 FHA
<br />I K140W Ald. MEN BY 7UESE PRESE IS: That Terrence L. Fritz and Patricia K. Fritz, each in his
<br />and her own right, and as spouse of each other,
<br />Mortgagor, whether Otte or more. in aomideration of the stun of
<br />Six Thousand and no/100 -------------------- - - - - -- ----------------------- - - - - --
<br />Doti"
<br />loathed to said nwtsr#w by The Equitabk Building sad Loan Association of Grand Island, Nebraska, Mortgagee, upon 60 shares of stud of
<br />a=id ASSOCIATION, Certificate No, KI 900 FHA, do hereby grant. convey and morlga unto the sand ASSOCIATION the fonowing
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Twenty One (21) , in (3) , in Lake Davis Acres Division, iii hall County,
<br />Nebraska,
<br />together with all the tenements, heraxlit¢¢rents anti apptzrfenances thereunto belonging, including macW: flair: txlveringt, sill window screens,
<br />window shades. bNnds, storm windows, zwnings, hatii *, afr wnditloning,and plumbing and wat :rella�,l;t,�r%.m1 A6z3sorks th:Wn,pumps,stoves,
<br />refrigerators. and other fixtures and equip:tumt now or fitrrifter attached 10 or used In rune iorr vals(r Dula tr.;l rc�iiE_
<br />And whereas the said mortgagor has agreed and dt*� hereby agree that pay Q, taxes and assesattents levied oC .
<br />awned upon said premises and upon this mortgage areal he bond sec re ,(here byy Ns I`on -_ 1R: r:. t shall becotrt •ieiinquent; to furnish sppriisved ...
<br />insurance upon the buddingt on said premises situated in the sum of 5 CIA. A . (1U payable: or said ASSOCIATION and to deliver to laid
<br />ASSOCIATION the policies for said inswunce; and not to commit or permit any waste on or about slid uemises;
<br />In case of default in the performutce of any of the terms and conditions of this mortgage at- the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor Ir. sty assigns, transfers and sets over to the
<br />nay agape all the rents, few.nuts and income to be derived from the mortgaged premises during such dmii as the mortgage indebtedness shall rrrrtain
<br />unpaid; and the mortgagee stall have the power to appofat any agent or agents it may desire for the lr;;rpose of repatb* said premises and renting
<br />the same and collecting the rents, revenues and income, an"i it may pay out of said income all expenses of repairing said prerahses and necessary
<br />commissions and expenses incurred in icrrang and managing the samt and of collecting rentals thm�e.rom; the balance remtinhiji, if any, to be
<br />applied toward llte discharge of said msrtrary_- indebtedness; these rights of the mortgagee may be c°r itrdsed at any time during the existence of such
<br />default. irrespective of any temporary wliva-of the same.
<br />Tbase Presents, howev6,; are upon the Condition, That if the said Mortgagor shv;l rclsq : ::;+ ?::,an on or before the trtaturity of said ataaresjsY .
<br />payment; pay monthly to WI. ASSOCIATION of the sum specified in the [fond sccurc l Ivaa'elsy- :,;. ai;.tCrest and principal on said loan, on or b 4f v'
<br />the Twentieth day of each a:;l every month, until said loan is fully paid; pry all taxes and amescswnu h nW against said promises and on this Mortgagee
<br />and the Boni secrtexl thereby, before dtfinip zncy; fumssh approved insurance upon the buildings thmmis in the sum of S 6, 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 :'ite theyeary from date of paymen 1 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 6,000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By-laws of said ASSOCIATION; then these prewnts shall become null and void, otherwise they
<br />shall remain in full force and play 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, )r 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" he Equitable Building and Loan Association of Grand Island,Nebraska,llecome 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 thereaarader, tthaD. from the
<br />date of exerciser of said option. beat interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the atttount due on said
<br />bond.and any other bored for additional advances, together with all sums paid by said The 1•quitablas, Willing and Loan Association of Grand Island.
<br />Nebraska for insurance. taxes and assessments, and abstracting extension charges, with interest tttEmm, from date of payment at the muimum
<br />Legal rate.
<br />As provided in the fiend secured hereby, white this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns to suuxezors to interest, which tutnsshan be- within the security of this mortgage the same asthe funds originally
<br />secured thereby. the total amount of principal debt out to exceed at any time the original amount of this mortgage.
<br />Dated this 27th day of March A. f.. 19 89.
<br />va— 01�
<br />Patricia K. Fritz
<br />STAfl: OF %'V9R4ch(s.)
<br />day of March
<br />s >, rb• •�'.: "'-,' `
<br />1989 before me,
<br />L theinde/s_�gs washer ownrright, aninTApespousve o1
<br />Terrence L. Fritz and Patricia K. Fritz. each �n his ants
<br />each other, who are personally known to
<br />rule to he that 13 -nleal pets.:) S %hose marnc 5 are of fixed to site above ,rastr I as,111111Ptgut S and they severally
<br />asknoskQp d thr sa;d v;ltrun> nt d, he their voluntary act and deed }1
<br />11:I7�:155 my trrnd and !Volwial Seal thr date aforecuA t
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