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85-004195
<br />MORTGAGE
<br />C MORTGAGE LOAN NO. L24,397
<br />+ II1M ALL MEN BY THESE PRESENTS: That George Michael Schirter and Marci Schirmer, husband and wife;
<br />and Robert W. Fahnestock and Amy L. Fahnestock, husband and wife,
<br />Mortgagor, whether one or more, in coos..::aation of the sum of
<br />Fifteen Thousand Five Hundred and no/ 100----- - -_�� ARS
<br />loaned to said mortgagor by The Equitabk Building and loran Association of Grand Island, Nebraska, Mortgagee, upon 155 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24,397 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Two (2) , in Block Eighty -Three (83) , in wheeler &
<br />Bennett's Fourth Addition to the City of Grand Island,
<br />Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, bliads, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other f orturm 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 bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 15, 500.00 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 derail in the performance of any of the terms and conditions of this mortgage or the bond segued hereby, the morlgnyee 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 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 sane and collecting 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 time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<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 loan is fully paid; pay 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 $ 15, 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 payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />with all the agreements and conditions of the Bond for S 15 500.00 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; (lien these presents shall become null and void, otherwise they
<br />stall 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 sak or 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 payable without
<br />further notice, and the wnotmt remaining due under said bond, and any other bond for any additional advances trade thereunder, shall, from the
<br />date of exercise of aid option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond,ad 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 bate of payment at the nuximtm
<br />legal rate.
<br />As provided in the Bred secured hereby, while this mortgage remains in effect the mortgagee tray 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 mo dgage the same as the funds originally
<br />secured thereby, the total smouns of principal debt not to teed at any time the original amount of this mortgage.
<br />D" this Q day of NS A. D., 19
<br />K�— Amy j,,,7F-nnvZr_0uX
<br />STATE OF NEBRASKA, U. On this / �? day of /`( 1115 % � 19 85 , before me,
<br />COUNTY OF IIALL J
<br />LGeorge Michael Sch
<br />Amy L. Fahnestock
<br />ne io be the identical pe
<br />sAnowledged the
<br />wrarwA an My
<br />Marci Schirmer,
<br />and wife,
<br />the undersigned, a Notary Public in and for said County, panonally dame
<br />husband and wife; and RwWrt W. Fay e�ycrkk at
<br />are
<br />Paine S are affixed to the above instrument as mortgagor s
<br />their I t 1 d 1 d
<br />and they severally
<br />vo un try ac an (u .
<br />tarial Seal the date aforesaid. r
<br />wary, imuc
<br />F
<br />19
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