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<br />MORTGAGE _ ..,.,� 003003
<br />MORTGAGE LOAN NO. 375
<br />KIV01V
<br />ALL. MEN B4 THESF PRESFNTS: That Terry D. Fredrickson, a single person,
<br />Twentyy Three Thousand --- - - - - -- Mortgagor, whether one or more, in consideration of the aim of
<br />_ and no /100--- _- _- - - - - -_ ---------------
<br />loaned to said mortgagor by The rAuitable Building and Loan Association of (:rand Island, Nebraska, Mortgagee, N— DOLLARS
<br />said ASSOCIATION, Certificate No. L24,375 , do hereby erant, convey and more unto t said ASSOCIATION 'tlse following
<br />real estate, situated in Hall County, Nebraska:
<br />Lot Seven (7) , in Block Ninety (90) , in
<br />Wheeler and Bennett's Fourth Addition to the
<br />City of Grand Island, Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor 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 equipment now or 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 fond secured thereby before the same shall becomes delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of 5 23 ,000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<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 sb:H
<br />m 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 transfers and shall ruin
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expene of of firing said g said premises and renting main
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, end Y
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any tittx during the s ndex of such
<br />default, irrespective of any temporary waiver of the same.
<br />7'frese 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 sun► specified in the Bernd secured hereby as interest and principal cwt said kraut, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said
<br />� premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S
<br />to said ASSOCIATION; repay to said ASS(X'IATION upon demand all money by it paid for such taxes, assessments a insurance with wt�h interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby y agrees to pay; permit no waste on said premises; keep and comply
<br />with all the agreements and conditions of the Bond for $ 23 ,000.00 this day given by the said Mortgagor to said
<br />with all the requirements of the Constitution and BY -L -Laws of said ASSOCIATION; then these
<br />of n ASSOCIATION, ��comply
<br />and 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 or otherwise, then the entire retraining indebtedness hereby
<br />secured shall, at the option of 7'he Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and ehe amount remaining due under said bond, and any other bond for any additional advances made thereunder, shoo, frwrt 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
<br />borttl,arrd any other bone! for additional advances, together with all Burns paid by said The Equitable Budding and Loan As:tyociation fG due Is said
<br />le for insurance, taxes and rents, and abstracting extension charges, with interest thereon, from date of rand Ind'
<br />I rate. payment at the
<br />maximum
<br />As provided in the Bend secured hereby, while this mortgage remains in effect 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 sane as the funds originally
<br />secured thereby, the total amolunt of principal debt not to exceed at any time the original artxount of this mortgage.
<br />plated this 1 th da f June
<br />e��, -�•. A. 1)., 19 $5
<br />S1°ATl? oi. NUBRA,SKA.
<br />COUNTY 01. 11Af.f. �u On this 17th day of Jung'
<br />IN 85 , F►elire true,
<br />D. the andensy�,ned, a Notary Public en and for area t'ounty, per %►nallyc�n�
<br />xy FrWricksort, a sin(JR) per:,on,
<br />who j_ ; prrstnally known to
<br />rote tee tee the islentiaai ixr ire wfor :.se rrarrtc is affixed to the above iststrunwitt. MOII
<br />krae►wkctged tfw id ar#ttrurrac°nt ta> the hlifi � ° R om and tle severatly qn„'
<br />voluntary act acid dee ^d.
<br />WfI AJf i`% Biro fiarui avid �laotarral Seal llrr� deer, atofes;tid
<br />Nye'�IyANT -Polo d 1NIn.M
<br />/JO M.
<br />of t� E* 1, 110 N, )(Sly I,uhrrl
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