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R5... 00589,4
<br />MORTGAGE
<br />MORTGAGE. LOAN NO. L 24,431
<br />KNOW ALL MEN BY 111FSF. f RESENTS: 'that Larry Fcwle ana Barbara A. Fowle, husband and wife; and
<br />Sylvester Chody and Joanne J. Chody, husband and wife,
<br />Mortgagor, whether one or more, in consideration of the slim of
<br />9N ent1r Five Thcusan_d One Hundr'ed_Tw_enM Five and no 100 ---------------- -- --- -- - -_OARS
<br />Insisted to slid mortgagor by The Equitable Building and (Alan Association of Grand Island, Nebraska, Mortgagee, upon 25 shoes of stock of
<br />said ASSOCIATION, Certificate No. L 24,431 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Had County, Nebraska:
<br />Fractional Lot Eight (8), in Fractional Block Thirty Eight (38), in
<br />Charles Waswr's Addition and its complement: part of Fractional Lot
<br />Two (2) in Fractional Block Three (3), in Windolph's Addition, which
<br />taken together with Fractional Lot Eight (8), in Fractional Block Thirty
<br />Eight (38), in Charles Wasmer's Addition will form a rectangular piece
<br />of ground having a frontage of Fifty Tsso (52) feet on John Street and
<br />a depth of One Hundred Thirty Two (132) feet, both additions being to
<br />the City of Grand Island, Hall County, Nebraska.
<br />together with all the tenements, heredotanrents and - ppurterancvs thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, au conditioning, and plumbing and water equipment and accessories thereto,putrrps, 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 mcrfg;tgm has agreed and does hereby agree [hat 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 [tie same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said prenuses %ullared tit the sum of• S 25 ,125.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit anv waste on or about said premises;
<br />In case of default to the performance of any of the terns and conditions of this mortgage or the frond secured hereby, the mortgagee shall,
<br />cm demand, he entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />morigagee all the rents, revenues and income to he derived from the mortgaged premises during such time as the mortgage indebtednessshall rennin
<br />unpaid; and the mmrtgagce 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 collecting the rents, tevents -;uid urconre, and it may pay out 0f said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same arid of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of sail rx,rtgage 1ldehtednes�N; these rights of the , or[gagee 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. arc ulxm the (',110111011. (bat it the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSWIA PION ul the •.urn specified to the Bond secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and cvery rnonih• undo card loan to fully paid; pay ail taxes and assessments levied against said premisesandon this Mortgage
<br />and the Bond secured Iherebv, before dcinxpueocv. furnish approved Insurance upon the buildings thereon in the sum of $ 25,125,00 payable
<br />to said ASSOCIATION; repay om said ASS(K'IA I JON upon dernand 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 Mortprgor hercbv agrees to pay; permit no waste on said premises; keep and comply
<br />with all the agreements and cundmuns of the hood for S 25,125.00 rhos day given by [tie aid Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitrr11on and By4Laws of sod ASS(X'IAIION, then these presents shall become null and void, otherwise they
<br />shall remain in full force and nray be forecio�xd at the option of file said ASS(X'IATION after failure for three months to make any of said
<br />payments or ti three months all arrears 111 making said monthly payments, or it) keep and comply with tan: agreements and conditions of said Bcnd;
<br />and Morlgagrr agrees to have it receiver appoolled forthwith tit such foreclosure pruceedurgs.
<br />If there is any change in ownership (if the real estate mortgaged herein, by sale or otherwise, then the entire retraining indebtedness hereby
<br />secured shall, of the opltcm of-The Equmabic Building and Lotus Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other Mind for any additional advances made thereunder, shall, from the
<br />tale of exercise of said option, bear interest at the nraxun on legal rate, and this mortgage may then be foreodosed to satisfy the amount due on said
<br />bamad,tmd any other bond for additional advances, together with all starts paid by said The Equitable Building and Loan Aaoc:iation of Gram! lsland,
<br />Nebraska foe insurance, taxes and assessment%. and abstracting exlensNm charges, with interest thereon, from date of payment at the maximum
<br />legal fate.
<br />As provided in the Band secured hereby, while tins mortgage remains in effect the mortgagore may hereafter advance additional sums to the
<br />halters of aid Bond, their assrgns,,t sueccswros al merest, which sunis shall he within [he security of this mortgage the ante as the funds originally
<br />secured thereby, the total amount 0f prmapa'.I deb" nut o1 esce ^d at any 11nx the original amount of this mortgage.
<br />r�
<br />ray ..r Novc't[Ibc'r A. 1)., Ian 85
<br />(Ili ihrs
<br />COUNTY Of 'to`oi9#
<br />1._ day of i.. ' 0 ,. •` -� n_.
<br />r
<br />py 8a , before me,
<br />,r •
<br />'%Pd
<br />the understgned. a Notary public tit and fill said ('aunty, peiro iallycome
<br />sylvevaa .lX' ch!0 .lt.ria-I1le J. C lItAy,
<br />hush, :seal and Witt';
<br />,S.tl' perwrtally known in
<br />rtK bi (tt flee "tk- ntical plttaiui,. g wb„sr +carne b at"
<br />a "A" to [be above nstrument as nvrrtgagol S
<br />and t :Ahoy severally
<br />1'
<br />ackmwiadNed the sand Mbtttnia of I., I,e tkr' L r — 111W.11
<br />.- 1, 1 and deed
<br />W! I m .Im 1.1,1 and w"t.1,L0 �, ,I the dole
<br />a6m.timd
<br />-., My Cmnmrvsfm„ -mane.
<br />rN IN =01 MI
<br />N,)INIy I'yn„��
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