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<br />
<br />MORTGAGE
<br />
<br />83- 001389
<br />See L 18.924
<br />MORTGAGE WAN NO, L 24.083
<br />
<br />KNOW ALL MEN BY nIESE PRESENTS: That
<br />
<br />Florence M. Fattig,
<br />
<br />Mortgagor, whctber one or 1lIOIe, in consideratinn of the sum of
<br />Twenty Thousand and 00/100-------------------------- DOlLARS
<br />IoIDed 10 said.~ by The Equitable lIuiIding and Loan Association of Grand Island, Nebraska, Mortgap, upon 200 sban:s of stodt of
<br />said ASSOCIATION, Certifu:ate No, L 24,083 , do hereby grant, convey and mol1glj!e unto the said ASSOCIATION the following
<br />~ real estate, situated in Hall County, Nebraska:
<br />
<br />All of Fractional Lot Six (6) in Fractional Block
<br />
<br />Twenty-one (21), of Palmer's Subdivision of Lot Seven
<br />
<br />(7) of the County Subdivision of the Southeast Quarter
<br />
<br />of the Southwest Quarter (SEl!SWl!) of Section Sixteen (16),
<br />
<br />Township Eleven (11), Range Nine (9) and its complement,
<br />
<br />which is a part of Lot Eight (8), of said County
<br />
<br />Subdivision making a lot 132 feet deep and 66 feet wide;
<br />
<br />and having a frontage of 66 feet OIl Division Street in the City
<br />of ,Grand Island, Hall County, Nebr!3-skc!. "
<br />Iogelbet' with all lhe lenements, hereditaments and appurtenances thereunlO 1;e\'ngmg, mcluding aUached floor covenngs, aU window scn:ens,
<br />window shades, blinds, storm windows, awning>, heating, air conditioning. and plumbing and walerequipmenland aa:essories thereto,pumps,stOftS,
<br />refri&erators, and other flxlures and equipmenl now or hereafler .Itached 10 or used in connection with said real estale.
<br />And whereas lhe said mortgagor has agreed and does hereby agree thaI Ihe mortgagor sha1l and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured Ihereby before ,he same sha1l become delinquent; 10 furnish .pproftd
<br />insuran<:e upon lhe huil~ on said premises siluated in Ihe sum of S 20,000.00 pay.ble to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and nollo commil or permil any waste on or aboul said premises;
<br />In case of default in lhe perfOrt1l8ll(:e of any of the term! and conditions of this mortgage or the bond secwcd hereby, the mortgap sha1l,
<br />on demand, be entitled to immediale possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sels 0_ ,,, the
<br />mortgagee aU the rents, revenues and income 10 be derioed from the mortgaged premises during such time as the mortgage indebtedmlss shall remain
<br />unpaid; and the mortgagee sha1l haw the power 10 appoinl.ny agen' or agenls il may desire for the pwpose of repairing said premises and renting
<br />the same and collecting the renls, revenues and income, and il may pay oul of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renling and managing lhe same and of collecting rentals thetefrom; the balance remaining, if any, 10 be
<br />applied tow.ud the disclwge of said mortgage indebtedmlss; Ihese rights of the mortgagee may be exercised at any time during the existence of such
<br />deliudt, irrespecli\oe of any lemporOI}' waiver of the same.
<br />1bese Presents, however, are upon the Condition, 'That if the said Mortgagor sha1l repay said loan on or before the maturity of said shares by
<br />payment; pay monthly 10 said ASSOCIATION of lhe SOlO specifIed in the Bond secured hereby as inlerest and principal on said loan, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay aU taxa and assessmenls levied against said premises and on this Mortga&c
<br />and the Bond secured thereby, hefore delinqueru:y; furnish approoed insurance upon the buiIdiDgs thereon in the sum of S 20,000.00 payable
<br />10 said ASSOCIATION; repay In said ASSOCIATION upon demand aU money by it paid for such taxes. assessments and inswanoe with interest.t
<br />the maximum legal ",Ie thereon from date of paymenl all of which Mortgagor hereby agrees to pay; permit no waste on said premises;kcep and comply
<br />with all the agreements and condilions of the Bond forS 20,000.00 this day gi\oen by the said Mortpgor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By.Laws of said ASSOCIATION; then these preoenls sbaU become nun and I/Oid, otherwise they
<br />sbaU remain in run rorce and may be foreclosed .1 the option of the said ASSOCIATION aftu failure for three months to make any of said
<br />paymonts or be three months in arrears in making said monthly payments, or 10 keep and comply with the agreements and conditions of said Bond;
<br />and Mortp&or agrees 10 have a receiver .ppoinled forthwith in such foreclosure proceedinp.
<br />If there is .ny cbange in ownership of the real estate morIga&ed herein, by sale or otherwile, then the entire remaining indebtedna:s hereby
<br />secured shall. al the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further noIice, and the amount remaining due under said bond, and any other bond for any additional .d........ nwIe thereunder, sbaU, from the
<br />date of e__ of said option, '-r interest .t the muimwn legal rate, and this IflIOrtp&e may then be foreclosed 10 atisfy the amount due on said
<br />btIodoand any othec bond for additionallMhances. tcsethec with aU sums paid by said The Equitable Building and Loan AsIociation of Grand IsIarld.
<br />:Nl;braska for -...e, taxa and _Is. and abstracriu& extemioo c:harp, with interest thereon, from date of paymenl .t the maximum
<br />IepIrllte.
<br />, As provided in the Bond secured hereby, while this JJlOftPl!" remains in effect the fIl<>>'Igagee may hereaftu ad..... additional sums to the
<br />~... of said Bond, their U1igns or successon in interest, which sums sbaU be within the security of this rnor:tpge the same as the funds originally
<br />secured thereby, the total amount of principal debt 00110 exceed .t any time the original amount of this mortgage,
<br />21st day March, A, 0" t9 83
<br />
<br />
<br />ST... ATEOf'. NEIlIUS.. ... XA,t
<br />'.. COUNTY OF IIAU. r ...
<br />
<br />On this
<br />
<br />21st day of
<br />
<br />March,
<br />
<br />19 83 ,befu<e mo,
<br />
<br />the undersiped, a Notaty Publit: in and for said County, persoaally......
<br />
<br />FloanceM. Fa.ttig,
<br />
<br />wbo
<br />
<br />is
<br />
<br />penoIlaJly koowD to
<br />and she -..IIy
<br />
<br />.. to _u.~........ ~ NOlO is afIhed to the.bow instnrrnMt um,rtp(IO<
<br />IIl:bll ...11-'4. the ..w -...- 10 be her whmtary act and deed.
<br />Wf1'HIjJS 1fl)'.1lIIlId- Notariid SoaI the dale aror-id.
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