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86-- 105416
<br />MORTGAGE
<br />MORTGAGE IRAN NO. _ L 24x643
<br />KNOW ALL MEN BY THESE PRESENTS. That Larry W. Fowle and Barbara Fowler each in his and her
<br />own right and as spouse of each other, Mortgagor, whether one or more, in coruidentim of the mm of
<br />------------------------------------------ = DOLLARS
<br />batted to said mortppx by The Equitable Building; and Loan Associxt.ion of Grand Island, Nebrasica, Mortgagee, upon 440 terra of NO& of
<br />said ASSOCIATION, Certificate No. L 24,643 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />desixbed real estate, situated in Hall County, Nebraska-
<br />Lot Two (2), Block Sever, (7), Unit One Continental Gardens,
<br />an addition to the City of Grand Island, Mall County, Nebraska.
<br />together with ail the tenements, hereditaments and appurtenanors thereunto belonging, including attached Rcwr coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto. pumps, stoves,
<br />refrigerators, and other fixtures and cquipment now of hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the hoed secured thereby before the same shalt become delinquent; to furnish approved
<br />insurance upon the builds on said premises situated in the sum of S 44, 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit of permit any waste on or about said premises;
<br />In caw of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee Mall,
<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 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 coiiecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<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 tins during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, "chat 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 ban, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; fray all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of $ 44 000.00 Payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessinents and irituance with interest at
<br />the maximum legal rate thereon frorn date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said preme "; keep and comply
<br />with all the agreements and conditions of the Bond for S 44, 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 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 in making said monthly payments, or 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 of otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and p iyable 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 exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount dune on said
<br />boad,and any other bond for additional advances, together with all sums paid by said The Fquritable Budding and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension cfiarges, with interest thereon, from date of payment at the maximurn
<br />legal rate..
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />nitdters of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original anxount of this mortgage-
<br />Dated this ��2,,5))th day of September A. D., lei 86
<br />ruwle
<br />STAT[' OF NER"SKA, � this On r 25th
<br />ss. day of September
<br />COUNTY OF I[ALI.
<br />19 86 , before me,
<br />the undersigned, a Notary public: in slid for said County, personally came
<br />Larry W. Fowle and Barbara Fowle:, each ir, hlis and her own right. ano <.a.� Spouse of tt
<br />W 10 � r peI Whal y` c�town to
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<br />sane tabe the K"tWul perJ0xo _n whose nanir S &are Affix,_i ro the ilbow tnstrurren as nxirtwor
<br />acltt►c3wk4*d the !tail anstfunic-aet to t* t.tiF it' voluntmy ac:t and deed.
<br />WITNF,S% lily 440d Arid NOtarlal ,9Ca1 tt9e date xf'ofeUtd
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<br />}ity t', :cCY #IY 1sY:^S/CSn i
<br />fdi tK 3�i1 fir �i���� l�
<br />and 1, t :,yy ceveraliy
<br />Nyt°ar \' 1'ul�fae
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