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<br />88-
<br />
<br />103645
<br />
<br />MORTGAGE
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<br />MORTGAGE 1.O^,'" NO. HI - 882 FHA
<br />
<br />KNOW ALL MEN BVnfESEPRFSIlNTS:That Richard F. Fox and Marilyn S. Fox, each in his
<br />and her own right, and as spouse of each other
<br />
<br />Mortpgor, whether one or more, in CIOJIIidention of the sum of
<br />Ten Thousand and nollOO ---------------------------------------------Do~
<br />
<br />loaned to aid mortpgor by The Equitable Building and Loan Association of Grand Island, Nebruka, Mortpgee, upon J 00 sIwa of IIoc:It of
<br />aid ASSOCIATION, Certificate No:JU - 882 FH~do bereby gmnt, convey and mortglgc unto the aid ASSOCIATION the followial
<br />described real estate, siluated in IWl COWlty. Nebraska:
<br />
<br />Lot Thirteen (13) in B1o~k Two (2) in Morris Addition to t~e City of Grand
<br />Island, Hall County, Nebraska,
<br />
<br />togelher with all the tenements, hereditaments and appurtenances thereunlo belonging, including attached floor coverinp, all window saceIII,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accesmries thereto, pumps,stovea,
<br />refrigerators. and other flldures and equipment now or hereafter attached to or used in connection with said real estate.
<br />
<br />And whereas the said mortpgor Iw agreed and does hereby' agree that the mortpgor shaII and will pay all tueI and _b Iericd ex
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shaII become delinquent; to fumilb appruwd
<br />insurance upon the buildings on said premises siluated in the sum of $ J 0 , 00 U . 00 payable to aid ASSOCIATION and to deliver to IIid
<br />ASSOCIATION the policies for said insurance; and not 10 commit or permit any wasle 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 ICC:Ufed hereby, the IDOdJIIee 1baI1,
<br />0It demand, be entitled to immediate possession of the mortgaged premises' and the mortgagor hereby assigns, transfel:S and lets 01'Cr to the
<br />mortpaee all the rents, revenues and income to be derived from the mortgaged premises during such time as the morlpF indcblcdoca 1baI1.-in
<br />IIDpaid; and the mortpaee shall have the power to appoinl any agent or agents it may desire for the purpose of repairiD& said premiles aDd reatia&
<br />the same and collecting the renls, revenues and income, and it may payout of said income all expenses of repairiq aid JII'CDISa IIIIll ~
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the baJance reJIIIiolD&, if lIlY, to be
<br />app)jed toward the discharge of said morlgage indebtedness; these rights of the mortgagee may be excrc:iJed at any time duriD& the ~ or mdl
<br />dCf'auit, irreIpccti1le of any temponuy waM:r of the same.
<br />
<br />1l1ere PretcnlS, hOWCYllr. are upon the Condition, That if the said Mortgagor shall repay said toan 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 00 aid loan, 00 or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessmenls leviedagainst aid premises and on this Mortpp
<br />
<br />and the Bond ICCUred thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum oU I 0 , 000 . 00 payable
<br />10 said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for sucIt taxes. _ts and insurmc:e with interest at
<br />the maximum 1ega11'llle thereoo from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises;keep and IXIIIIpIy
<br />
<br />with all the agreements and conditions of the Bond for $ J 0 , 000 . OOhis day given by the aid Mortpgor to said ASSOCIATION, and IXIIIIpIy
<br />with all tlul requiremenls of the Conslilution and By-Laws of said ASSOCIATION; then these presents sha1I become null and void, othenrile they
<br />shaD remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any or IIid
<br />paymenb or be three monlhs in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of Slid Bond;
<br />and Mortpsor lIgrees to have a receiver appointed forthwith in such forectosure proceedings.
<br />
<br />If there is any change in ownenhip of the real estate mortgaged herein, by sale or otherwise, then the entire remaiIiina ~ hezeby
<br />ICC:lJ[ed shaD, at the option of The Equitable Building and Loan AlIlIOCiation of Grand Island, Nebraska, become immediately clue and payabIe.ro.out
<br />further notice, and tlul amount remaining due Wider said bond, and any otlulr bond for any addillonl1 advances made thereunder,lbaD, r-Ibe
<br />date of exercise of said option, bear interest at the maximum Iega1 rate, and thiJ mortgage may then be foreclosed to salilfy the IIDOUIIt clue OIl said
<br />bond,an4 any other bond for additional adYBl1cea, together with alllUDll paid by said The Equitable Buildin& and Loan Aaociation ofGllllllldmd,
<br />Nebra'Jla! (or,inllll8Dce, taxes and assessments, and abstracting extension charges, with interest thereon, from date of paymeot at the IIIIIIimum
<br />1epI f!lte~
<br />
<br />Id Provided in the Bond secured hereby, while this morlgage remains in effect the mortpgce may hereafter adYBl1CC additional _ to Ibe
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within the security of this morlpF the same as the fundi orilinaJly
<br />ICC:Ufed tlul t principal debl not to cxceed al any time the original amount of tbiJ morlpF.
<br />
<br />yof June A. D., 1988
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<br />
<br />"
<br />
<br />"
<br />
<br />yn
<br />
<br />STArH OF NEllltASKA,l a.
<br />COUNTY OF HALL {
<br />
<br />On this 28th
<br />
<br />day of
<br />
<br />June
<br />
<br />t988
<br />
<br />, before me,
<br />
<br />the undeniJlned.1 Notary Public in and for said County, penonal1ycame
<br />Richard F. Fox and Marilyn S. Fox, each in his and her are
<br />OWn right, and as spouse of each other. ' who
<br />alo bo............._' ..... ~ ." """" Io.bo..... ~..~ __ ,
<br />admowledgcd the said instrumenlto be the 1 r voluntary acl and deed. ,
<br />WITNESS my hand and Notariat Seat .the d~t2-aforeuid.' /7 /~
<br />
<br />MYCommiaionexpires//-;{S -,J'd ~~d lJ_ ~AVY
<br />____-Iialu,.... J - " Ni>1a.Y Public
<br />JOANNE 0. ROUSH
<br />,., ... Exp. Nov. 25, 1911
<br />
<br />penonally known to
<br />and the y _rally
<br />
<br />1I'711-ZMIlI
<br />
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