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<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 23428
<br />IWOWALLMENBYTHESEPRESENTS:That John F. Farlee, a single person
<br />Mortgagor, whether one or mere, in consideration of the sum of
<br />Fifteen Thousand and No/100---------------------------------•---------------------- DoLLARs
<br />loaned [o said rttortgager by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon ISD shares of stock of
<br />said ASSOCIATION, Certificate No. L 23428 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described seal estate, situated in HaL County, Nebraska:
<br />LOT TWO (2), IN BLOCK TWO (2), OF "KOEHLER PLACE",
<br />AN ADDITION IN THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenantts thereunto belonging, including attached fluor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, healing, air conditioning, and plumbing and water equipment and accessories thereto, primps, stoves,
<br />refrigerators, and other fixtures and eyuiptaeni now or hereafter attached to or used in connection with said real estate,
<br />And whereas the said rrtortgagor has agreed and does hereby agree that the mortaagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this rziorigage and the bond secured thereby before the come shall become deiinyuent: io furnish approved
<br />iristrranrx upon the buildings on said premises situated in tfie sum of 5 15 ,DDD. QQ payable [o said ASSQCIATION and to deliver to said
<br />ASSOCLATION the gnhdes for said insurance: and nut to commit or permit any wsste on or about said premises;
<br />In txse of default in the perfortnaace of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shag,
<br />on detrtaad, be entitkd to immediate possession of [he mortgaged premises and the mortgagor herebe~ assigns, transfers and sets over to the
<br />mortgagor all the rertts, zexnttes and inmrtx w be derived from the mortgaged premises during such time as the mortgage indebtedness shag remain
<br />unpaid; and the rttortg~e shag nave the power to agpoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the same and colkcziag the rents, retinues and incoitx, and it may pay out of said introme all expenses of repairing said premises and necessary
<br />caramissinrts aced txpenses incurred in rrnting and managirtg the seine and of collecting rentals therefrom; the balantt remaining, if any, to be
<br />applied toward the discharge of said mortgagr indebtedness: these rights of [he mortgagor may be exercised at any time during the existence of such
<br />defau#t, irresprctite of any trmporary waiver of the ware.
<br />Tfxse Presents, nowcver, are upon flu Condition, Tha[ it the said Mortgagor mall repay said loan on or beforz the maturity of said shares by
<br />payment; pap rrronthly [o said ASSOCIATION of the sum specified N the Bond secured hercbq as interest and principal on said loan, on or before
<br />tat T'wintieth day of each and eve» manta, until said loan is fully paid; pay all taxes and asseumems levied against said premises and on this Mortgage
<br />teed Elea Bond secured thereby, before delasqurncy: furnish approved inswrance upon the buildings thereon N the sum of 5 Z~ ,ODO, QQ payable
<br />in said ASSOCIATION; repay to said .ASSOCIATION upon demand all money by it paid for such taxis, assessments and insurance with interest a2
<br />the maximum kgal rate tixreon from deer of pa}•rrrnt all of which Mortgagor hereby apices to pay; pemut no wash on said premises; keep and comply
<br />with all itx agrezrnents and maditions of the Bond for 5 j 5 , QOO. QD this day given 6y the said Mortgagor to said ASSOCIATION, and comply
<br />with all tht rrgtsirezocnts of the Canztitution sad By-Laws of said ASSOCIATION: then three prtscets shall become null and void, otherwise they
<br />snag terisam itt full force and cosy be foreclosed at the option of tlx said ASSOClAT10N atttr failure fur three months to tnaka any of said
<br />payrttrnu or be thrtx ntort[its i:, arrears in zttakirtg raid manihly payments, or *.o kerp and a~mgfy with the agreerrxn[s and conditions of said Bond;
<br />acrd is~ortgagor agars to nax a waiver appointed forthwith in such foreclosure procerdi~gs.
<br />If there is any change in ow^nersitip of rht real estate tree+rtgagtd herein, by sa{t mr otherwise, then the en:ira rrmaining indebtedtstss herrby
<br />sxured shall, at the option of Tne Equitabk Building and Loan Assoiiation of Grand Island, Nebraska, becornc immediately due and paysbk without
<br />ftsrt}rer rtotitt, sad the ataouat remaining due under said bond, sad any other bond for any additional advances made thereunder, shall, Pram the
<br />daft of asrtc;ar of sad ogt;ar.,!xar interei; ai ttx maximum ks.l rats, and tl+ss raortgagz easy thin be £oreclossd to satisfy the amount due on said
<br />~rtd,atad any other hoed for additional s~i+ances, ttsgetner with all errs paid by said The Equitabk Budding amI Loan Association of Grand lafand,
<br />~s foz :^=••xm•+, saxes azd assess;-y_nts, aztd abst.~irg ra.easioa charges, with iatrrrst thereon, from date of payment at tlu maximum
<br />kgai uu.
<br />As m the Bond secured hereby, wi» le ibis mortgage remains in etTect the mortgagee may hereafter advantt additional suns io the
<br />maittss ai' sard~dBoad, they assigm or stwctssors in interest, whin sums shall be within the security of this rrroRgage the semi as thr funds originally
<br />segsad tlaercby, tlx torsi amouai of prsri~:pal debt txni to exrrd at any time the. original arnoum of this mortgage.
<br />~ 2- ~ f May A. >a.. l9 79
<br />r
<br />itn F. Fai~3~
<br />Sf~TE ~ ~~~• ~ ss_ Chi tli;s 21st say of May 1979 . before me,
<br />C0174ifY OF HALL
<br />t~ under®ypad, a Notary Prdrtic is and for said, County, personally came
<br />ds>~rt f. Fiir3ee, a single person was is personallykaawn:n
<br />ma to be the ideatirsi parson ~ ~ r ~ i S atfixed to iixe abwr tats;: ~ttt as murtggisr arsd he Xri92MfNy
<br />.::' '~•^~-~',.:'~ ~ ~ L~fi=::~-._ wittatarp act and dxd.
<br />• ~ the date aforesaid.
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<br />r~ I /ut:erti:c~, L'T :~" ~ Notary Pubhc
<br />r~i-aM 81
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