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<br /> 774 4Ut����
<br /> n�oRrcace
<br /> n�oxrcncr_Lonn No.� 22,546 MGTC
<br /> F:NOWALLTIFNDYTNC•SEPRESENTS;That J�pdpeW �. Zavala and Cheri L Zavala, each in his and her
<br /> � own right and as spouse of �°aci� other,
<br /> i �tortgaguq whethtr one ur more,in ronsideration of the aum of
<br /> i ._Ik{�n�v-nine Thousand Eight Hundred Fifty and No/100------------------------- pp����
<br /> touned to siid murtgagor 6y The Equitablc Duilding nnd I.dan Assuciation of Ciand lsland,Nebrsska,AlortEagee,upun 298 sharu uf srock of
<br /> , 'said ASSOCIA.7'ION,Certifipte No:L 22�54� ,du hereby grant,�vnvey and mortgage unro the said ASSOCIATION the following
<br /> deunbed rcal e:tatq situate3 in fiall Counry,Re raska:
<br /> � LOT FOURTEEN (14�, HAWTNORNE PLACE, AN AODITION
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<br /> � TO THE CITY OF GRAND ISLAND, HALL COUNTY, NE6RASKA.
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<br /> tagnher w�th ali ihe tenements,hemditaments and appurtenances thercunto belunging,including attached lloor cv�Trings,all�v;ndow urecn:,
<br /> ' - . window sl�ades,blinds,storm���indows,ae�nings,heating,air cunditioning,aud plmnbing snd rvaterequipmrnt snd accessories thercto,pumps,stoti�es, � �
<br /> ? re(rigerators,and other fiYturcs snd equipment nnw or here�fter attached to or used in conneclion u•ith said real estate.
<br /> ` And whcreas the s�id mottgagor hss agreed snd does hrreby agrte U�at thc murtgagor shall snd wil!pay atl taus and asseznnents lc�tied or
<br /> ! asse�ed upoq said premitts and upun diis murtg3ge an�i the bond ucurcd tlicreby bcCurc�he s�me shall become delinquent;to furnish appro�ed
<br /> `t insur�nce upun[he buildings on saiS premius situated in Qic sum of S 29�$5Q.QO payable to said pSSO('IATION and to deli�xr to aaid
<br /> ._ . ._ .aAC(1('IqTInN thc enilicirs for said insuranw:anS not tu commil ur permit any waste on or about s�tid prnnises; � �
<br /> � In usc of dcfyult in the per(um�ance oCany uf thc te�ms and conditiun:uf this morlgage or thc bond mcured hcreby,the mongageo shalt,
<br /> � on demand,bc entiUcd m immediate possession uf thc mongaged premises and �he nwngagur hercby auigns, transfers anS uts over Io the
<br /> ? mu�tgagee alt t6e rents,�e�xnues and income tu 6e deri��ed Ccom the murtpaged prcmius during such lime ss the mongago indebtedneu shall remnin
<br /> r unpaid;and thc mon�agee shall hsce the power to appoint sny agent or agents it mny desire(ur thc purpou of repsiring said prcmises vid rcnting
<br /> � the ssmc and eollecting the rents,cerronues and incvmc,and it may pati•out of said incumc ati expcnses oP repairing said prcmises and necessyrv � " -' " "�
<br /> tJ mmmissiuns and expenus incarred in renting and managing the same and of collecting mntals thecefrom;the balance rcmaining,If any,ro be
<br /> applied to���ard the dischargc o(uid mortgagc indrbtedneu;these rights of thc mortgagce may be exercised at any time during thc eaistence oC such
<br /> defnult,irtcspecti�T uf any tem�raty wai�Kr of the same. �
<br /> These Prounts,howc�er,arc upon thc Conditiun.That if lhe said�torlgagur shall repat'said loan un oc Eefott the maturiry o(said shsre:hy � .
<br /> c payment;pay monthly to said,�SSOCIA710N u[Qu sum specitied in the Bm�d ucurcd hereby as interest and principal on said loan,un or befure - �� �
<br /> thc Twentieth Jay of eacli and c�xry munth,until said luan is full�•paid;pay all taxcs and assestments leriad against said prcmises and on qus Mongage � . � .
<br /> and Ihc Bond sccurcd thereby,bcforo detinquc��cy;(umish app�o�red insurancc upon thc buildinps thercon in thc sum o!S Z9,850.�� �yable
<br /> to said ASSOCIATION:rcp�y to said,�SSOCIATIO\u�n dem�nd all muncy 6y it paid tor such taxes,sssessments nnd insurxnce with interost at � �
<br /> the maximum legal talt thereon Irom d3te of payment all of�ehich�lortgagur hereby ag�ces m pay;permit no waste on said premises;kttp�nJ comply
<br /> i with all the agreements anS wnditia�s ul the punJ fur S 29�aSO.00 this day givcn by thc said Mottgngur to siid ASSOCIATION,snS cumply
<br /> ��'ith aU[he raquirements a(the Constit�tiun anJ dy-Laws of said dS50CIATION;then theu prosenls shap 6ecvme null and vuid,othenvise tht� � � �
<br /> shatl remain in lull furce and may be Coreclused at qic option of the said ASSOCIATION �fter failure for threa mund�s to maF:e any of said
<br /> payments or be thrcc months in x�rcars in m�king ssid mantlity paymcnts,or to kctp and cumply with tht agrccments and tunditions o(said Ilond:
<br /> and Mor��go�ngrces to harc a�cceiver appointcd forthaith in such foreclosurt proceedings.
<br /> If there is any change in ow�ncnhip of tho rcal es�atc mur�g�gcJ hercin,by sale ur othcrwisc,then the entire remaining indebteJneu hereUy
<br /> securcd shall,at fhe uplion o(The Gquitsble Building and Luan Assutiatiun of Grand Isla�id,Nebrasl:a,become inimediately due and payabte without
<br /> 1'urthcr noticc,anS tht s;nount remaining duc undcr said bond,and any uthcr bond(or sny addition�l ad�anas madc thereunder,shatl,from tho
<br /> datc of exerciu u(said uption,barr inhrcst at tlte maximum legsl rota,and this mudgagc may�hen be fotedoud to stt{sfy the amuunt duc un said �
<br /> bond,and au�•other bond for additionnl advances,iogether with all sums paid by s�id The Equitable Building nnd Loan A:sociatiun of Grand Iiland,
<br /> Nebraska for insuranrx,taxu nnd asxssments,and abstacting extension charges,wi�h interest thercon,Gom date of payment at the maximum
<br /> Icgal rata
<br /> As pro��dcd in the Dond ucured herehy,while this mortgage remains in effrcl thc mungagce may hareaflcr ud�ana additional swns w the
<br /> makers of said Bond,their ussiqns ur sucrcssocs in intemst,which sums shall 6e wiUiin the ucurity of this morlgagt the satne as the funds originnlly
<br /> secured thereby,lha totalp smount of princip�l d�(ebt not to exceed at any time Uu originsl amuunt uf this mortg�a
<br /> Dat I�is �0 day u(�7-�-����t.t��y /'A.b..19 7�
<br /> �� ' �` 7 � l�.t L.,.' ".., ;�
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<br /> � n , aaa Ceri . Zva �
<br /> sTarcor•NEnRnsxa,� f� -� .
<br /> COUNCY OF HALL �. On this /� day o! r'�-t�,-�.--w�, 19'�"� ,be(orc mc. sj
<br /> �hc unJcr�tned,s Notary Public in a��d for mid County,personatly ame +r'�
<br /> ` Mdrew J. Zavala and Cheri L. Zavala, each in his and her own right and as spouse o� each � N
<br /> � other Nn� dp@ persunally nuwn to }
<br /> oc
<br /> �; me to be the identical pecsonS whose neme s are aifixed to the above instrument as murtgagor g and they uveretly .�
<br /> acknowledged the s�id indtrument to be the i r vulunWry oct and dced, n'
<br /> R1TNlSS my fund a�id Notuul Seal the date aforesaid. t�
<br /> blyCammissionexpires t�/�� /�, r9�� . , � `^�f;.
<br /> aa•sat tu '��`��ITH � ~Nnlary Puhlic
<br />. � �k:�JLL N�TARY--State m H�br
<br />�-�.����. My Commhsicn[xplrer .
<br /> r`; ;uh•�'a •�`'oB .� �.�1
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