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<br />87-- 102214
<br />MORTGAGE
<br />MORTGAGE LOAN NO. 4
<br />I QVOWALLMENBYTtIFSEPRESENTS:That James L. Fandry and Karla S. Fandry, each in his and her
<br />own right and as spouse of each other,
<br />Mortgagor, whether one or mire, in Consideration of the sum of
<br />_-------_ -- --- --- ° °--- --- --- - - - - -- T DOLLARS
<br />loand to Ladd nmtp#w by The Equitable Building and Lunn Aana:iation of Grand Island, Nebradca, Mortgagee, upon 440 tdarea d'npk of
<br />mill ASSOCIATION, Certificate No. L 24763 , do hereby grant, convey and mortgage unto the saill ASSOCIATION Hx following
<br />described mall @state, situated in Hall County, Nebraska:
<br />Lot 7, Block 2, Capital Heights Subdivision, in Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, 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 mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bend secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 44 , 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance: and not to commit or permit any waste on or about said premises;
<br />In caw of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />n
<br />impaid; and the mortgagee shag 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, revrnues and incorm, and it may pay out of said 'income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward ttic discharge of said mortgage indebtedness; thew rights of the mortgagee 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, are upon the Condition, That if the said Mortgagor shall repsy said loan on or before the maturity of said Mates by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month. until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 44 1000 . 00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all moncy by it paid for such taxes, assessments and insurance with interest at
<br />the maxirrtam legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep ad comply
<br />with all the agreements and conditions of the Bond for S 44 , 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and Bylaws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shat remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to stake any of said
<br />payments or be three months in arrears in malting said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secumill slat, at the option of The lEquitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notes, and the amount remaining due under said bond, and any oiler bond for any additional advances made thereunder, don, from the
<br />data of exercise of said option, beat interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bcted.ad any other bond for additional ad together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebtraska for misursam, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rats.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />maters of m1d Bond, their Assigns or suc.",asm in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, the told amount of principal debt not to exceed at any time the original amount of this m ongage_
<br />Dated this 17th day of Apri 1 A. D., l9 87
<br />es L Fa r - -- - - -- — -
<br />r a an y
<br />STATE OF NE RA. $ On this 17th day of April 1987 before rte,
<br />CMNTY OF HALL
<br />the undersigned, a Notary Pybbc in and for said County, personal
<br />James L. Fandry and Karla S. Fandry, each in his and her own right and as spouse of ea
<br />other, who are personally known to
<br />no to be the tderdkall person a whose name s are affixed to the above instrument as mortgagor s and t hey severally
<br />ack the mial instrument to be the i r voluntary act and deed.
<br />Wt7NF.&S my hand and Notarial Seal the date aforesaid.
<br />My Cotimliftion expires
<br />aatrr no O Notary l'ublu
<br />w il.ta 4 Hats >B, iM1
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