|
<br />MORTGAGE
<br />
<br />88- 102990
<br />
<br />MORTGAGE LOAN NO. L
<br />
<br />KNOW ALL MEN BY THEnEPRESENTS: That Terrence L. Fritz and Patricia K. Fritz, each in his and
<br />her own right, and as spouse of each other
<br />
<br />1
<br />
<br />Mortgagor. wbelher one or more, in c:onJidenlion of the IlIDl of
<br />Forty Eight Thousand and nollOO --------------------------------------------------OOLLARS
<br />
<br />loaned 10 said mortpgor by The Equilab!e Building and Loan A!I!OCiation of Grand Island, Nebmb,Mortpgell. upon 480 sharesohlock of
<br />
<br />Did ASSOCIATION, Certificate No. L ,do hereby grant, con\'Cy and mort&l8" unlo the said ASSOCIATION the fo!!owinI
<br />described real estate, situated in HaU County, Nebraska:
<br />
<br />Lot Twenty One (21), Block Three (3), Lake Davis Acres Subdivision, Hall County, Nebraska.
<br />
<br />top:ther with all the tenements, hereditamenl. and appurtenances thercunlO belonging, including attached Ooor co\'Crinp, all window sc:rcens,
<br />window wiles. blinds, storDl windows, awnings, healing, air cond'lIoning,and plumbing and water equipment and aCCCSlOrics thereto, pumps. stoves,
<br />refr~ntors, and oiher fllltures :md equipment now ,)r hereaft.. a!lached to or med 111 connection wilh said real estate.
<br />
<br />And whereas the said mortgagor Iuts agreed and does hereby agrce thai ihe mortgagor slWJ and will pay all taxes and _nlllnicd or
<br />_d upon said premises and upon litis mortgage and the bond 5"cured thereby before the same shaIJ become delinquent; to furnish approwcd
<br />insurance upon the buiJdin&'S on said premise. situated in the sum of:>4 8,000.00 payable to said ASSOCIATION and to deJhocr 10 said
<br />ASSOCIATION the policies fOT said insurance; and no! 10 commit 01 permit any waste on or about said premises;
<br />
<br />In cue of default in the performance of any of the terms and conditions of thr.. mortgage or the bond 1Cc;ured hereby. the mortpgcc 1baII.
<br />on demand, be entitled to immediate pouc:ssi<>n of Ihe mortcag<od premiJes and Ihe mortpgor hereby assigrls, transfers and xU oftr 10 the
<br />mortPFC all the renu, reYt:nues and income to be derived from the mortgaged premisel durin!; such time as the mortPJe indebtedral shall remain
<br />unpaid; and the mortgagee shall hl\'C the power 10 awo,nt any agent or agents il moy desire for the purpose of repairinz said premlle. aDd ret:tirJ&
<br />the same :md collecting the :ents, rC\'Cl\UC5 and incom<". and it may payout of said income all expenses of repairinB said premiles aDd ~
<br />WIIIDJiIsioos and expenses incurred in renting and managing the ..me and of collecting rentals therefrom; the balance rernain!nB, if any, to be
<br />applied toward the discharg<o of said mortpge indebledness; these rights of lhe mortgagee may be exercillCd at any time durins the existence of IUCh
<br />cktaull, irrespective of any temporal)' waiver of the same.
<br />
<br />Tbese Prescnu, howe\'Cr, are upon the Condition, ~t if the said Mortgagor shall repay said loan on or before the matwity of aid shares by
<br />payment; pay monthly to said ASSOCIA nON of 1he sum specifred in !he Bond ""cured hereby as interest and principal on said loan, on or befon:
<br />the Twentieth day of each and ever)' month, until said I<WI i! fully paid; pay all taxes and assessments levied apinst said premises and on this MorlpF
<br />
<br />and the Bond SCCl1l'cd thereby. before delinquency; furnish Ippro\'Cd insurance upon the buildings Ihereon in the IWD of S 48 ,000.00 payable
<br />to said ASSOCIATION; repoy to said ASSOCIATION upon demand all money by il paid for such talles. ass:ssments and insurance with interest at
<br />the maximum legal rate thereon lrom date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premiJes; keep and rompIy
<br />
<br />witt, all the agreements and conditions 01 the Bond for S 48, 000 . 00 this day given by lhe liaid Mortpgor to said ASSOCIA nON, and oomp1y
<br />with all the requiremenlS of the Constitution and By,Laws of said ASSOCIA nON; then these presents sh:all become null and void, otherwilc they
<br />shall remain in fuU force and may be foreclosed at lhe option of the said ASSOCIATION after failure for three months to make any of said
<br />payment. or be three months In afrean in making said monthly payments, 01 to keep and comply with the agreements and conditions of said Bond;
<br />and MortP!Or agrees to have a receiver aPl"'inted forth....ith in such forecluoure proceedings,
<br />
<br />If there is any chang<o in ownership of the real estate mortga&ed herein, by sale or otherwise, then the entire mnaining indebtcdno-l hereby
<br />ICCIIttd shall, at the option of The Equitable Building and Loan Association of Grand Island. Nebmb. become immcd.iatdy due and payable without
<br />further notice, and the amounl remaining due under said bond. and any olher bond for any additional ad9UlCeS DIIlde tbcRuoder, shall. from the
<br />,..... of eurciw: of said option, bear interest at the maximum IepI Dte, and tltis mortpge may then be forec:lotcd 10 satisfy the amounl due on aid
<br />bond.and any other bond for additional ad\lZJlttl, together with all wms paid by said The Equitable Building and Loan Aaociation of Grand Island,
<br />Nebnsla for insunnce, !alles :md assesstnents. and abstracting exlension chuges, with interest thereon. from <ate uf payment at the maximum
<br />IcpJ ntt,
<br />
<br />As provided in the Bond !lCCUfed hereby, while this mortgage remains III r!fecl the mortgagee may hereafter advance additional wms to the
<br />makers of said Bond. their assign. or 'ucttssors in interest, which sums slWJ be within the security of this mortg'lge the s;une as the funds oripnalJy
<br />secured thereby. the tohl! amount of principal debl not to exceed af any lime the original amount of tltis mortgage,
<br />
<br />
<br />day of
<br />
<br />A,O,,19
<br />
<br />Patricia K. Fritz
<br />STATE OF NEBRASKA,I...
<br />COUNTY 01' IlAll ~
<br />
<br />On Ihis
<br />
<br />day of
<br />
<br />19
<br />
<br />. beron mc:.
<br />
<br />Terrence L, Fritz and Patricia K. Fritz, each
<br />r i.ght and llS spoulle of each other
<br />011: to be lhe irUDtlcal perIOD s whollt name S are .mud tn Ihe above IDstrumrnl)s mortjtagur S
<br />
<br />.ckn......ledged the ..Ill inllrumenlro be the i r ""Iunlary ocr and deed,
<br />WlnlESS my hand anti Nuta...1 Sullh. dole afur.u"l
<br />
<br />My Cnmmmi,'n tltp1rr1 (;.~ / - .,P f
<br />
<br />
<br />1Jr-;.r_1
<br />
<br />th. undrtsWled, a Notary Public in and for said County, pera"wly tIImC
<br />in his and her own
<br />
<br />who
<br />
<br />are
<br />
<br />personally known 10
<br />
<br />and
<br />
<br />they IfMrally
<br />
<br />/
<br />(-, :"::J-" <' .(
<br />. '""", , ... ''':-'
<br />
<br />./
<br />
<br />''?),
<br />.. -.. ......
<br />
<br />/
<br />
<br />. ,
<br />,r /'. J'.~
<br />..,-~ .~~~'t>ti~~
<br />
<br />..nrN .,
<br />
|