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<br />88-
<br />
<br />103611
<br />
<br />MORTGAGE
<br />
<br />MORTGAGE LOAN NO. HI- 88 I FHA
<br />
<br />KNOW ALL MEN BVnJESEPRFSENTS: That William T. Fry and Grace M. Fry, each in his and her
<br />own right, and as spouse of each other,
<br />
<br />Mortgagor. whether one or more, in consideration of the sum of
<br />Seventy Five Hundred and no/IOO ---------------------------------------------------~LLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 75 sbares of stock of
<br />said ASSOCIATION, Certificate No. HI - 88 I FHA ,do hereby grant, convey and mortgage unto the said ASSOCIATION the f01lowiDg
<br />described real estate, situated in Hall County, NebrdSka:
<br />
<br />A tract of land located in the Southeast Quarter of the Southwest Quarter (SE~SW~) of Section
<br />14, Township 11 North, Range 10 West, of the Sixth Principal Meridian, Hall County, Nebraska,
<br />and more particularly described as follows: Commencing at the Southwest corner of the South-
<br />east Quarter of the Southwest Quarter (SE~SW~) of said Section 14; thence N. 0056' E along
<br />the West line of the Southeast Quarter of the Southwest Quarter (SE~SW~) of said Section 14 a
<br />distance of Four Hundred Nine and no Hundredths (409.00) feet to the point of beginning;
<br />thence continuing N. 0056' E. along the said West line of the Southeast Quarter of the South-
<br />west Quarter (SE~SW~) a distance of Four Hundred Ninety-One and no Hundredths (491.00) Feet;
<br />thence S. 89012' E. a distance of One Hundred Thirty-Seven and no Hundredths (137.00) feet;
<br />thence S. ]5045' E. a distance of Four Hundred Seventy-Nine and Ninety Hundredths (479.00)
<br />fe8t; thence South a distance of Twenty-Eight and no Hundredths (28.00) feet; thence N.
<br />89 11'30" W. a distance of Two Hundred Seventy-Four and Thirty-Four Hundredths (274.34)
<br />feet to the point of beginning; said tract containing 2.36 acres more or less,
<br />
<br />
<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 accessories thereto, pumps. stova.
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessmenU IeYied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish appl1Jftd
<br />insurance upon the buildings on said premises situated in the sum oU 7,500.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurancc; and not lo commit or permit any waste on or about said premises;
<br />
<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 lime as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall 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 payout of said income all expenses of repairing said premises and necessuy
<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 the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />
<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 Joan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgqe
<br />
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 7,500.00 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 paymenl all of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />
<br />with all the agreements and conditions of the Bond for S 7,500.00 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 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 ill making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receivcr apIKlinted forthwith in such foreclosure proceedings.
<br />
<br />If there is any change in ownership nf t he real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable !luUding 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. shall, from the
<br />date of exereise of said option, bear Interest althe 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 />
<br />, As provided in the Bond secured hereby, while this mortgage remains in effeet the mortgagee may hereafter advance additional sums 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 0ri&inaJly
<br />ICcured thereby. the total amount of principal debt nol to exceed at any time the original amount of this mortgage.
<br />
<br />June A. D., 1988
<br />
<br />0~~\ ~daYOf
<br />.'U'")C/'?mL- ~~
<br />
<br />Grace M. Fry
<br />
<br />STATE OF NEBRASKA,' ss.
<br />COUNTY OF HALL ~
<br />
<br />On this
<br />
<br />24th
<br />
<br />day of
<br />
<br />June
<br />
<br />1988
<br />
<br />, before me,
<br />
<br />William T. Fry and Grace M.
<br />and. as spouse of each other
<br />
<br />::::Ie~:~d:I:~:;~~entlo :hosetn::~r s av::ntarya:;::;~~:..b~ove IIlstrument as mortgagor s ....:)d they
<br />WITNESS my hand and Notarial Seal the datc aforesaid.
<br />My Commwion expires / / - .;{J:.- -iJ .' _ ./~?';z'c:. C(~;~.f2Y .
<br />Notary Puhllc
<br />
<br />the undersigned, a Notary Public in and for said County, reuonally came
<br />Fry, each in his and her own right,
<br />
<br />who
<br />
<br />are
<br />
<br />renonllly known to
<br />
<br />IIllverally
<br />
<br />'''1I.ZM I!I
<br />
<br />
<br />~ _.-Ilatl II ........
<br />JOANNE Q. ROUSH
<br />., llIM.. ,.., JIDV, IS, 1_
<br />
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