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<br />IORTGAGE _
<br />-- ~_Y -- MORTGAGE LOAN NO. L 235©~
<br />tCNOwALLMETIBYTHFSEPRESENTS:That Robert W. Fahnestock an~i Ar.;y L. fahnestock, each it his
<br />and her own right and as spouse of each other
<br />Mortgagor, wtxt}ter one or stare, in aeration of cite sum of
<br />~p„ty Twn Tirnrcarrt anti ~"fi/IOfi-----------------------------------°-----°------------DOLLASLS
<br />loaned is said mortgagor by The Equitable Building and Lawn Associatinn of Grand Isand, Nebraska, Mortgagee, upon 220 shares of stock of
<br />said ASSOCIATION, Certificate No. L 23508 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />desmlxd real estate, situated in Hail County, Nebraska:
<br />Lot Two {2} in Block Eighty-Three (83) in Wheeler & Bennett's Fourth
<br />Addition to the Gity of Grand Island, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including ai[adted floor coverings, sB window stems,
<br />wit-.dow shadc-s, bhiids, storm windows, awnings, heating, air conditioning, and piumbirtg artd water aluipmcnt and acxsaoaies thereto, pumps. stones,
<br />refrigerators, and other iixturea and equipment now or hereafter attached to or used in cant-~~;tion with said real state.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shag and will pay all taxes and sssesmtents levied or
<br />assessed open said premises and upon this mortgage and the bond secured thereby before the saute shalE becorce delingtrettt; to Arrnish approved
<br />insurance upon the buildings an said premises situated in the sum of S 22 , X00.00 payable to said ASSOCIATION and to deliver [o said
<br />ASSOCIATION the policies far said insurance; and not to mmntit or permit any waste on or about said gremisez;
<br />to rase ~af defauii in the pertormanx of any of the terms and conditions of this mortgage or the bond secured herby, the rtwrtgagee shall,
<br />m: demand, be entitled zo itrrmediate pos~asion of the mortgaged premises and the mortgagor hereby asaigrts, transfers attic sets over to tits
<br />rnartt_agee all the rents, revenues and ircame to be derived from the mortgaged premises during such firrre as tht mortgage irtdebtedaea shag remain
<br />unpaid; artd the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing slid txemgea sad testing
<br />ttir sart~ and cattecting the rents, reventxs and income, and it may pay out of xiid irtcorrte all expenses of repairing said premises and neceaarY+
<br />commissions and expenses incurred in renting and rttanapng the same and of collecting rentals therefrom; the balance remaining, if any, io be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mor[gagce may be exercixd at any titue dttriag the ezistenoe of reran
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall retry said loan on or before the maturity of said shares by
<br />payt~nt; pay trtonthly to said ASSOCIATION of the sum specified in the Band secwed hereby as intertst and griticipil on sad bur, on or before
<br />ilte Ttveniieth day of each and every mnnth, until said Isar is fully paid; pay all taxes and assessments levied arsinst said psentiaei and on this Mortgage
<br />arzd tare Mond secgied thereby, bufare deliflgtuncy; furnish appravzei insurance upon the bttr~dingz thereon is the sum of S 22 s(}~f} , (~} payable
<br />ta ! ASSOCIATION; repay to ~ id ASSOCIATION open derrrarid all rnorey 5y it paid for such taxis, assessments amt insuraa+x with tsttetest at
<br />,~ .,. .,. >a r . •berea.^. tram dots ,~ ~..,.e.,.. soft ~r ~ tart u,..r der iereb ,.-, `mi*. na u<aste •~, ~:n ~.,,~• gti, _..d ...ply
<br />v:;ih all the agreeiitints arm rxr:t'itisrts of €Itt: Band for S 2} r ~~(} {j(} €itiz day givttt by €ia•. °~#ort;,~gor €o said ASSOCIA"I'ION. and ~atph,/
<br />with ail the requirements of the Constitution and By-Laws o ss ASSOCIATION; [hen these presents shall becontc nrtB and void, otherwise they
<br />shag retrain in full fora and may be foreclosed at the option of the said ASSOCIATION after failure for three months to matte any cf said
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bord;
<br />and Mortgagor agrees to have a rcxiver appointed forthwith in xuch foreclosure proceedmgs.
<br />tf there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebudness hereby
<br />secured shag, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately dtte and payable without
<br />further notix, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from this
<br />date of exercise of said upturn, bear interest at the maximum legal rate, and this mortgage may then be forcdosed to atisfy the amount due oxt said
<br />bond, and any other bon,f for additional advances, together with aU writs paid by said The Equitable Bur'Iding and Loar Aaaociatiun of C,rand latutd,
<br />Nebraska for inwtrance, taxes and assessments, and abstracting extertaion charges, with interest thereon, from date of payment at the rnaximttm
<br />legal ra*.e.
<br />As provided in tlx Band sa~ured hereby, while this mortgage cernains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said hand, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total arrarunt f principal debt not toe eeed at :rty time the origins! amount of this mortgage.
<br />rc "r t ~. Fah _ "° >
<br />i
<br />Any ~•} ahn tOC
<br />SFATEOFNEBRASKl4,~~• On this 8th daYof August lv79 ,before me,
<br />COUN'P`Z OF BALL
<br />the ttndersitpted,:Nolary Public in and for said Cotmiy, perwnaBycame
<br />Robert W. Fahnestock and Amy i_. Fahnestock, Each in his and her ownwaght and s s se
<br />uf~ each other ~ are ~ ~n°`"~ t°
<br />rise w be the identical person S whose rarrrc S d reatl'ixed to the above insuurtten4 as mortgagors and they severalty
<br />arataowledg~ the said itess,ument to be their voluntary act and dced.
<br />WITNESS my toad and Notarial Seal the date aforesaid. P
<br />My Camrnis~or expires J~~P _
<br />taro-aar to l
<br />____~._._.~r _~ ~f ~asy,a NotaryPubhc
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