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MORTGAGE 86-. .103803
<br />MORTGAGF:WAN 40.._ L 24,480
<br />KNOWN ALL MEN BY THESE PRESENTS That Richard M. Foster and Donna J. Foster, each in his and
<br />her own right and as Spouse Qf each O r mortgagor, whether oMwr more, in conadeotion of the star of
<br />_Zhirtcen Fi . H j160--- -__ - -- _—. "' DOLLARS
<br />loaned to said moapeor by The Equitabk Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 135 star= of stock of
<br />sad ASSOCIATION, Certificate No. L 24,480 , do hereby grant, convey and mortgage unto the said ASSOCIATION the foRwoving
<br />described teal estate, situated in Halt County, Nebraska
<br />The Westerly Tan (10) Feet of the Northerly Seventy Five (75)
<br />Feet, and the Westerly Four (4) feet of the Southerly Fifty
<br />Seven (57) feet of Lot Ora` (1), also the Easterly Twenty Seven
<br />(27) feet of Lot Two (2), all in Block Fifteen (15), in the
<br />Original Town, now, City of Grand Island, Hall County, Nebraska.
<br />together with all the tenements, herednaments 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 its 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 assesmenu levied or
<br />assessed upon said premises and upon this mortgage and the bond 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 13 ,500.00 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 case of default in the performance c` any of the terms and conditions of this mortgage or the fond secured hereby, the rtwrtgaeee 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 />mortpgo alt the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagoe shall 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, revenues and income, 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 the discharge of said mortgage indebtedness; these 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 repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the found secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every north, until said loan is fully paid; pay all taxes and assessments levied against said premises attd on this Mortpge
<br />and the Bond secured thereby, before dt:linquency: furnish approved insurance upon the buildings thereon in the sum of S 13, 500.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insuuana with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay ;permit no wasteon said premiaes;keep and comply
<br />with all the agreements and conditions of the Bond for S 13,500. 00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constn ution and By -Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain in full force and may be Iotechrsed at the option of the said ASSOCIATION after failure Rte three months to make any of said
<br />payments or be three months in arrears to making 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 fotecktswe proceedings_
<br />if there is any change in ownership of the real estate trtnrtgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due trader said bond, and any other bond for any additional advances trade thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond, and any other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for 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 the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, 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 amount of principal debt not to exceed at any time the original amount of this mortgage,
<br />ted this 4tn day of April A. u., 19 86
<br />" iz
<br />lu
<br />STALE, OF NEBRASKA, ss. Oh, this
<br />COItNTY OP HALL 14th day of April 19 86 ,before me,
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Richard M. Faster ani Donato J. Faster, each in his and her own rightoand as sg yj aFh
<br />other, am,
<br />are to be the nfemt" Person a whose names are aft';xed to the above inshutroe rah mortgagor s and tliLy severally
<br />ackfumledged the raid tnumnent io rte their +voluntary act and deed. f
<br />wfL'NH&S ttry band and Notatial Seat tie date aloresail. -..�
<br />My t .,tn+en +srr:n expvrca . • ` i' • )f r�
<br />Waft of wift V Ntrlaty Prap
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