|
s~-..,
<br />MORTGAGE _ _
<br />~- ^MORTGAGE LOAN NO. L ~'~~--
<br />ifNOtt'ALLMEN BYTIIESEPRESEN7'S:Tnat Donald J. Fartee and Shirley J. Farlee, each in his
<br />and her own right and as spouse of each other
<br />Mortgagor, whether one or mare, i. consideration of the sum of
<br />Twentu Nine thousand and Not100-----_ -----_---------------------------------- m~A~
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Crand Island, Nebraska, Mortgagee, upon 129 shares of stock of
<br />said ASSOCIATION, Certificate Na. L 23,322 , do hereby grant, Canvey and mortgage ante the said ASSOCIATION the following
<br />described real esiatz, situated in IiaU County, Nebraska:
<br />LOT SEVEN (7) IN VIRDEN SUBDIVISION IN THE CITY
<br />OF GRAND ISLAND, NEBRASKA.
<br />together with al! the tenements, hzreditamer.U and agpurtenxn.^zs thereunto 6elongutg, including atiacned flour cavarirtgs, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air mnditioning,and plumbing and waterequipmeni and accessories thereto, pumps,sxoves,
<br />refrigerators, and other fixtures and equipment now ar hereafies attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that [he mortgagor shall and will gay a}i [axes and assessments levied of -
<br />asscssed upon said premises and upon this mortgage and thz bond secured ihzzetry before the same shall become delinquent; to fwtrislt approved
<br />insurance upon [he buildings on said premis^s situated jn the sum of $ 29,DD0. DD payable to said ASSOCIATION and to deliver to slid
<br />ASSOCIATION the policies for said insurance; and nat u~ commit az permit any waste on ar about said premts>.s;
<br />In case of default in the performance of anp o!' the terms snd conditions of [iris morigagz ar the band seetsred hereby, Ehe mo[.5..y.a a}tail,
<br />nn demand, be entitled to imr.~°aie possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />morigagce aiI the rents, revenues and income to be derived tram the mortgaged pretnSseS during such time as the mortgage indtbtedrtess shag remain
<br />unpaid: and the mortgagee shall have the power to appoint airy agent ar agents it may desire for the purpose of repairing said premises and renting
<br />the sartte and co6zctirzg the rents, revenuts and income, and it may gay out of said income 2il expenses of repairing said premises and necessary
<br />cammissiorts and expanses htcutred in renting and managing the same and of collzcutsg rentals ihcrefrom; the balance retnsining, i€ any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the morigaeee may be exercised a[ any time dosing the existentt of such
<br />default, irrespeciivr of any tzmparary• waiver of the same. -
<br />Thzse Presents, hawerer, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the matwity of said shares by
<br />payment: pay monthly to said ASSOCIATION of the sum spedtied in the Bond secured hereby as interest and principal on said [[ran, or. or before
<br />the Twentieth day of each and every month, until said loar. is fully paid; pay all faxes and assessments }evied against said premises and oa this Alorteage
<br />and the Band secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of 5 29 ~QQD, DQ payab~
<br />to said ASSt~lAT1ON; repay to said ASSOCIATION upor: demand all money by it paid for such taxes, assessments and inswanre with interest at
<br />the trazi,:rum legal rate thereon from date of gayrsznt all of which Mortgagor hereby agrees to pay; permit ao waste on said premises:keep and ibmply
<br />wtith all the agreements and conditions of the Bond for 5 29 ,~~~. DD this day given by the said Mortgagor to said ASSOCIATION, aced comply
<br />with ail the requirements of the Constitution and By-Laws of said ASSOCIATION; then these presents shal3 become nuA and void, ot}ttrwise they
<br />steal! remain in Full force and may 6e forzclased at the option of the said ASSOCIATION after faitwe fa; three months to make any of said
<br />payments cr be three months in arrears in making said monthly payments, or to keep and comply wi[h the agreements and conditions of said Bond;
<br />and hfongagor agrees to lsavc a rzeeiver appointed funhwith in scch foreclosure proceedings.
<br />If there is any change in ownership of the real :state mortgaged herein, by sate ar otherwise, then the entire remaining indebtedrus3 hereby
<br />secured shall, a[ the agiion of The Equitable Building and Loan Association of Grand island,Nehxaska,become imtnediafely due and payable without
<br />further native, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, sha3}, from the
<br />dale cf exercise of said option, bear interest at the mazhnum legal rate, and this mortgage may then be fare~losed to ~tufy the amount due an said
<br />bond,and any other bond for additional advances, together with al! sums paid by soul The Equitable $udding and Laan 4sweiation of Grand Island,
<br />Nebraska far insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in ilea Band secured hereby, while this mortgage remains in effect the mortgagee may herzafter advance additional sums to the
<br />trsakers of said Band, their assignsar successarssn interest, which sums shall be wrth'sn the security of [his mar[gage the same as the funds originsBy
<br />seewed thereby, the total amount of grincipai debt not to exceed a[ any time the original amount of this mortgage.
<br />~~~~7 --~~` t December A. n., 19 78
<br />-,.
<br />"t' ~~
<br />na. ~ ~ ~-
<br />-~ p
<br />Shirley J. far}}[
<br />STATE (Ill NEBRASKA, (ss. On this 29t}l day of DeCem~7er 19 78 , hefore me,
<br />GtlrJr'Y fyF-HALL
<br />the urrders:gaed, a Notary °ublic in aced far said County, pr.:sanally CattSC
<br />Donald J. farlee and Shirley J. farlee, each in his and-her own r ht and assDO Se o
<br />each other ~`~ are pers~nal~ylcto
<br />~~ . -rite to'tfe the identicalpersrrn.5 whase.aame 5 art affizedta the ahove instrument as-mortgagor $ and they severally
<br />' ae'~stawledged the-said instxttrrtent to be their voluntary act and deed.
<br />WITNESS my hand and Notarial Seas the date aforesaid. ~ ,~ !y •' f
<br />My Commission expires y zi f~ ~ i {~' 7'-.c
<br />- - Rr = ub!ic
<br />a-i-sM Rt ~.J,~il GENEiiFI. Nt)~"hCY -Starr ~rf Nehr.
<br />~ / - hly t: .,..~. Z ,. ;wa. 12, 1979
<br />
|