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<br /> MORTGAGE -
<br /> �lORTGAGE LOAN N0. �2Z'545
<br /> � KNOWALI,MBNBYTHESLPRGSENTSiThat E�dO❑ W.'Palasek and Shirley J. Palasek each inhis 8�d
<br /> � her own right and as spouse of each other
<br /> � _-______ htortgagor_whether one or more,in wnslderation of tlie sum of
<br /> � ' Ten Thousand and No/100------------------- ---------------noctaRs
<br /> � loaned to said mortgagor tiy The Lquitable Ouilding and Luan Association oF Crand Island,Nebraska;l�tortgagee,upon 100 shares of atock of
<br /> ,' � said,ASSOCiATION,CerHficate No.L 22 545 ,do hereby grant,comey and mortgage unto the said ASSOCIATION the Cullowing
<br /> ' € descritied real estatc,situated in Hall Counry,IVebroska:.
<br /> ;
<br /> t LOTS TWO HUNDRED NINE (209) AND 7W0 HUN�RED TEN
<br /> (210) IN BELMONT, AN ADDITION TO THE CITY OF
<br /> �, �� ��
<br /> , } GRAND ISLAND, NEBRASKA, ONLY.
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<br /> , �.A _.. . . . . .
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<br /> together with all �he tenements,hereditaments and appurtenances thereunlo 6elonging,induding attached floor coverings,all window screens,
<br /> window shades,blinds,s[orm windows,awnings,heating,air conditioning,and plumbing and wateroquipmencand accessories thereto,pumps,stoves,
<br /> � refrigerators,and other fixwres and equipment now or hereafter altachtd m or used in connection with said real estate.
<br /> And whereaz the said mortgagor has agreed and does hereby agrec thai the mortgngor shall and will pay all caxes and assessments levied or
<br /> assesud upon said premises and upon this mortgage and ihe bond secured thereby before the same shall became definquent;eo turnish approved
<br />--_ : _. . . « i n nnn nn
<br /> • •• -- ` • ..���tii.+,,,u��! pSSOC1qTIGiV and �o deGvet tu iaid °
<br /> ; � msurance upon md builuu�g>on tatc prri�.,SiCutlLCS 3{i LIIC:�•.f•li� y'J j V V V s vv r-:--•- � � �
<br /> ASSOCIATION the pulicies Cor said insurance;and not to commit or permit any waste on or about said premiser, ' -
<br /> 7 In rrse oC deCaul[in the performance of any of the terms and conditions of this mortgage or the bund secured hereby,the mortgagee shall,
<br /> on demand,be entided to immediate possession uC thc mortgaged premises and the mortgagor hereby assigns, transfers and sets over [o the
<br /> murtgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage inde6tedness shall remain
<br /> unpaid;and the morigagee shall hare[he power to appoint any agem or agen�s i[may desire for the purpose of repairing said premises and renting
<br /> the same and collecting the rrnts,revenues and income,and it may pay out of said income all expenus of repairing said premises and necessary
<br /> �� commisssons and expenses incuned in renting and managirtg the same and of collecting rentals therefrom;the balance remaining,i1'any,ro be � � � � � � � . �
<br /> � applied to�+�ard the discharge o(said mortgaga indebtedness:these righls oC the mortgagee may br exercised at any time during the exis[ence of such � . - - � - -
<br /> � default,irrespectiee of any temporary waiver oi the same. ;
<br /> �� 7hese Presrnts,however,are upon the Condition,That if the said Afongagor shall repay said loan on ur before[he maturiry o(said shsces by � � � �
<br /> payment;pa}•monthly to said ASSOCIATION uf the sum spec�ed in the Bond secured hrreby as interest and pcincipal on said loan,on or beture � � �
<br /> thc Te•entieth 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 /> � i and the 8ond secu¢d thereby,6e(ore delinquenc�;(urnish appmved insurance upon the buildings thereon in the sum oC 5 1Q,QQQ.QQ PaYabie �. � � � � �
<br /> to said ASSOC(ATION;repay to said ASSOCIATION upon demand all muney by it paid(or such laxes,assess'ments and insurance with interest at
<br /> - tlie maximum le�l rate thercon fmm date of payment all of which hlortgagor hereby agrea to pay;permit no waste on said premises:keep and comply '
<br /> with al!the agreements and condilions of the Bond for S ZO����.OO this day given by the said hiortgagor ro said ASSOCIATION,and comply � . � �.. � .�
<br /> wiih all the�eyuicements of the Cor.stitution and By-Laws uf s�id ASSOCIATION;then thex preunu shall become null and void,otherwise they
<br /> shall remain in futl(orce and may be foteclosed at the option u(the said ASSOCIATION after failure for three monlhs to make any oC said
<br /> payments or bz three months in arrears in making said momhly paymen[s,or to keep and comply with the agreements and conditions of said t3ond;
<br /> �..;.�� and Vortgagor agrees to hrve a receiver appointed Curthwi�h in sucl�foreclosure pwceedings : � � �
<br /> � If Ihert is any change in owne�ship of the real estate mortgaged herein,by sale or othcnvise,then[he entue remaining indobtadness hereby � � .
<br /> secured shall,at the option of The Equitable Duilding and l.oan Association o(Grand Island,Tebraska,become immediately due and payable without
<br /> funher notice,and the amount remaining due under said bonJ,and any other bond for any additional advances made thereunder,shall,from the
<br /> date of exercise of said option,bear interest at the maximum lepal rate,and this mortgage may then be(orttlosed to sa[isfy the amount due on:aid
<br /> bond,and any other bond tor additional adtimnas,together with all sums paid by said The Equita6le Building and Loan Association of Grandlsland,
<br /> Nebraska for insurance,taxes and asxssments,and abstracting extenaon chuges,with inu¢st thereon,Gom date of payment at the ma,cimum
<br /> legalrate.
<br /> i As provided in the Bond secured hereby,while this mortgage remains in effect tho mortgagee may hercafter ad�ance additional sums to the
<br /> makers uf said Bond,theu assigns or succeswrs in interest,which:ums shall 6e within the security of this mortgage the same as the funds originally
<br /> xcured the�eby,the lotal amount oFprincipa!de6t not to exceed at any time the original amount of this moclgaga � � .� �
<br /> Dated this l8th day of February A.D.,t9 77
<br /> _ d�.,��P«.��
<br /> = on a ase
<br /> ` ;:;�'�,c;.��:,,� Q �f.>:��.
<br /> Shirley `5. Palasek
<br /> STATE OF NEBRASKA,1 ss. On this l8th day oF February 19�� ,be(ore me, '
<br /> COUNTY OF HALL�
<br /> the undersigned,a I:otary Public in and tor said County,personally came � � ,j"`,.��;
<br /> h,.
<br /> Eldon W. Palasek and Shirley J. Palasek each in his and her own right and as s�ous� �f eacl� ' N �,.;�-
<br /> Ot �y r��" Wh� are �son y nownto �
<br /> L_ � -to tiG't��3dtc�► ion5 whou name5 dI'2 affixed to the above insttument as morlgagotS and th2,Y uveralty a
<br /> ack'qQ�@�I�t�1¢['t�id in ent:o be thei r voluntary act and deed. h
<br /> �� m hand and Notarial Seal the date aforesaid.
<br /> r JOTA4Y R7ttT1 y �,
<br /> �: G�3���,:.��My�o 'on expires� ����[��o '� ` 1�"�
<br /> ��,MG�•21���''�• � ^�otary Pubtic
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