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gs...• 005821
<br />MORTGAGE _
<br />— __' -- --- —_ — MORTGAGE. LOAN NO.. T. 24,430
<br />KNOW ALL MEN BY THESE PRLSL'NTS: That Larry Fawle and Barbara A. Fowler husband and wife; and
<br />Sylvester Chody and Joanne J. Chody, husband and wife,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />_Ttirenty Four Thousand Seven Hundred Fifty and no/100 -- ~—_--- °-- ~- -_-- DOLLARS
<br />band to said mortgagor by The Equitable Building and Luan Association of Grand Island, Nebraska, Mortgagee, upon 25 shares of stock Of
<br />said ASSOCIATION, Certificate No. L 24,430 , do hereby grant, convey and mortgage unto the said ASSOCIATION the folbwing
<br />dared real estate, situated in Hall County, Nebraska:
<br />The Scuth Fifty TWo (52.0) feet of Lot One (1) , Block One
<br />Hundred Twenty Seven (127) , Union Pacific Railway Catlpany's
<br />Second Addition to the City of Grand Island, Hall County,
<br />Nebraska.
<br />together with all the tenements, heroditamrhents and appurtenances thereunto belonging. including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, healing, air condmoning,and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now tar hereafter attached to or icscd in cminecmon with mid teal estate.
<br />And whereas the said mortgagor has agreed and does heichy agree ;hat the i omigagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the pond secured thereby before the same shall become delinquent. to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of 5 24, 750.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance. and nut to commit or permit any waste on rat about said premises.
<br />In case of default in the prrformmarice of any of the terms and Conditions Of this mtxxtgage or file 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 />mortgagor all the rents, revenues and mcutne to be derived from the nwrigaged premises during such tame as the mortgage indebtedness shall remain
<br />unpaid; and the moo intgagm shall have the powei to appoint any agent or agents it may de sore for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and inctmic. and it may pay out of said income all expenses of repairing said premises and necessary
<br />commisuorvi and expenses incurred in renting and managing the vine 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 mttmrgagec may be exercised at any time during the existenoe of suet
<br />dcfauh, irrespective of any tentpoirary waver of the sate
<br />these Presents, however, ,rte upon the Condition, Iltat it the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASS(WIATION ill the sum specified in the Bond %cured hereby as interest and principal on said loan, on or before
<br />the Twentieth day oaf cacti and every month, mild said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured therichy, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 24 r 750 ,00 payable
<br />to said A,SS(WIA710N, repay to said ASSOWIATION upon demand all no ey by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate themeun from date of pavntrnt all of which Mortgagor hereby agrees to pay;permit no waste on said premises-.keep and comply
<br />with all the agreements and conditions ta( the Mond fill 5 24 750.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all doe requirements of the Cnnsutuuon 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 tuiecfowd at the option of the said ASS(X'IAIION after failure for three months to make any of said
<br />payments or be three months in mean in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagot specs to have a receiver appointed forthwith rat such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by oak or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of 1'he t:eludabdc Budding and Loarh Association of Grand Island, Nebraska,bec:ome immediately dire and payable without
<br />further mlice, and the anhetunt renaming dote a nler said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option. twat interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount dire on said
<br />Mrnd.and any tither blind for additional advances, together with all sums paid by said The Equitable Building and [Alan Association of Grand Island,
<br />Nebraska (tor insurance, taxes and aasesshenrs, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As prrwided art the Mmortgagee [hind secured hereby, while this irnmtgage remains in effect the mortga may hereafter advance additional sums to the
<br />takers of said Bimu1, Iheir assigns -,r successors in interest, which sums shall he within the security of this mortgage the sate as the funds originally
<br />secured thereby, the total amount of Inncipal debt not to exceed at any little tic anginal amo,um of this mortgage.
<br />Darted this
<br />November A 1) , tta 85
<br />S 'IATt (lV` t �!s y fin this 1 i day of Ira 65 , before Ines
<br />(-tXR(wflh b4�•`ta
<br />+fie undcivignnl, a Notafv public in and for said County. Iorruoally cantor
<br />6y lvest W (:holy , ^ Joantil' J . (:htJC.ly, , 11U81,i1rX.l dnri Wit. r:, r who '13-C Itcmuonally known to
<br />floor Iu he tau( odentre7dVellb- A,�tf' whn%r nomw s ilYC' atlixed Ill the AN— r.istr ww"t as nwitgarui and (dot,y severally
<br />acttnwftt► 111he sakfinsimprlul tin lie Ova f vrrhlntary nil and deed
<br />"1'VVS1 nv award and Nloianal `;,ai ih, AVIV almeuud
<br />v„t RIB felt
<br />u,x xr re,
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