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<br /> �'�" UU3�33
<br /> MORTGAGE
<br /> �noaTcac��.oar�xa.L 22657 �1GIC
<br /> uxow.a�.�,a�E�vsy�niss�rRassNz�s:Tr�at Kerry P. Cole, a single person, and Katherine M. Drudik,
<br /> � a single persoi7,
<br /> Morigag�r,whecher one or mote,'sn consideration of the sum of
<br /> ' ; Twenty-Four Thousand Two Nundred and NO/100-----------------------____-------- pouaRs '
<br /> �loaned to said`anartgagar�bqThe�quitable Suildi�g and Loan Associatian of Crand Island,Nebcaska,hiortgagee;�upon 24z � � shares of scock of�.�.
<br /> said ASSOCIP;TiON, Certif:�ate Nti.L 22�(l' MGi,Cda hereby grant, cor.act� sad mortgage unco U�e said ASSflC[ATInN the f�2'.owing
<br /> described��re�i�estate,sitssated.in.Hall County,1Ye5raska: � � � � � � � � �
<br /> THE SQl1TH ONE-NA�� OF LQT TNIRT�EN (73) RNQ ALL t?F LQT
<br /> TWELVE (i2) EXCEPT THE SOUTHERLY FIVE (5) FEET THEREOf
<br /> IN BLOCK THREE (3) IN LAINBERT'S SECON� ADDI7ION T0 THE
<br /> CITY OF GRAND IS�AND, HALL COUNTY, NE3RASKA.
<br /> ' �� . � �� toge[tzar with�all the tenements,.hereditatnents and appurtenances thexeunro belonging,including attached floor�coverings,ail window�sefeens�, �..�
<br /> � � �. window�st�ades.,blinds,st�nn windows,awnings,heating,air conditioning,and plumbing and v.•3ter equipment and accessories th<reto,pumps,sYoves, �
<br /> � ref'rigeratars,and uther fixtures and eyuipment now or hereafter attached to or used in connectiun with said re;t1 estate: � � �
<br /> :� . . And whereas thz said�mortgag�r has agrecd und doas hereby agree that.the�n�ortgagor shxll and will puy all txxes and assessmencs.levied or�
<br /> �assessed.up�n sxid przmises snd upon tfiis mortgage and Uie bond secured therebv hefore [he s;ime shull become delinq:�ent:to furrtish approved . �
<br /> � insurance upo�n the buildings nn said�premises situatcd in the sum of$2Q��QQO.C�O� pa��able to said ASSOCIATIO:V�an��to�delivec to said��
<br /> ASSOCIAT[O?�the pv?icies fur s:ifd insuranu:;and not tu c�mmit oc perrnit any w•asLe on or xbout s:iid peemises; � . .
<br /> � Tn�case of'deta:ult in the perfurmance af xny uf th�tetms and conditiuns of this inortgage or the bond.secured here6y,[he rnortgagce shall,�
<br /> �, . . on demand,be entitled t�immediate pussession uf the mortgaged pramises and ti�o mort�g�r hzreby :iS51g,Z15� [ransfers and se�ts over to the
<br /> . mortgagee�ai;the rznts,reveruas and inwme tu be eierived f'rom�clie murtg3ged premises�.iring such tirne as th�mortgage�inde6tedness shafl remein �
<br /> � . unpaid;and t}te morrgagee shnll have the�power to appoint any agent or agents it may desire for ihe purpuse of repxving said premisesmnd renting �
<br /> i � . the�sa:me�and collecting t.he rents,revenues and incoma,:uid it may payout of said income aIl.eapenses of repairing suid premises and necessary �
<br /> �evmmissions and�expenses incurred in rertting and manayng the same dnd of coflecting rentals therefrom: the balanee remaining,if any, to be
<br /> .applied to�vard the discharge nf said mortgage indebledness;these rights of the murtgagee�may be exercised at any time duzing the existence o€suah �
<br /> ��defmulx,irresptctive�of any inmporar}�waivez of'tlie sxme. � .
<br /> � � These Yresents,hotvever,aze upon the Condi[ion.Thac if the said!viortgagor slzall repay said loan on or belbce the maturity oi said.shares by .
<br /> payment;pay monthly to saiJ ASSC}f[AT1�N of the sum spzci&ed in the Bimd secured.hereby as interzst and pcincipal on.sa.id Ioan,on oi bafore �
<br /> � ��the Twentieih�ay of each.and every month,umit said loan is fully psid;pay alt[axes and assessments]evied against said prernises and on this Mortgage. �
<br /> � � and the B�nd secured thcceby,before delinqueney;furnish approved insurance upon xhe buildings thereon in the sum oi S9 4, 200..�p��. PaYabie. �
<br /> ta said.ASSIX'IATTON;repay tu said ASSOCtAT[QN upon demand ail muney by it paid far such texes,essessments and�in�urance with interest at
<br /> the maximura t�ga1 rate thereon trorn date of payment all of wtrich Mortgagor hereby agrees to pay:permit no waste on saidpremises:keep sn@ coinply � .
<br /> A�� � �.with a!1 the ugreements and.conditioris of the Hond tbr S 2¢ 9� (�(� this day given by the said bl�rtgagor to said ASSOCIATION�,and comply..
<br /> with all the requiremenxs.af thz Ce7nstitution and$y-Laws ot's'di3�S50CiAT10N; then�these presen[s shall become nuli and vuid,otherwsse they �
<br /> � sliail remain in fuli fwce and may be 1'oreelosed ut the optSoo of Lhe said ASSOCIATION aftur CaiTure ior thxee months to maice uny of said� � .
<br /> � � paymen[s or be three munths in e.rrears in making said munthly payments,or to keep and comply wSxh the agreemen[s and mnditions of said.8ond;.
<br /> � and Mortgagor agr�es to huve a receiver appuinted{urthwifh in sucli forecIosure prc�ceedir.gs. .
<br /> ' `P� � � � 2f there is any�change ui ownership of t}ic re�l es[ate n�ortgaged herein,by sale or otherwise,then[he entire remairxing indebtedness hereby �
<br /> . � �secured shall,at the.opYiun of The Equitabte Buildin{;an3 Loan Association uf Grxnd Island,Nebraska,become.immediately doe and payable wxthout .
<br /> � , � furil�er notice.�ai�d the xmount.remxining due w�der said bond,and any odier bond tvr any additio_^.al advances made thereunder,shalt,from the �
<br /> . . ,da2e.af exercise�f sai3 option,bear iriterest at the maxicnum tegal rxte,az±c� this mortgage may then be forocivsed to saiisY'y the amount due on.said � �
<br /> bond,and any c�iher.bond for additional advances,togexher with ail:ums paid b}•said The EymtnUle Building und Loan Association of Grand Island,�. � ��.�
<br /> . ��Nebr�ska for utsurance,taxes xnd.assessments,.and absiracting exc.nsion ch:uges, wirh in[erest thereon,from date of payment at the�ma�cimum �
<br /> Iegal rale. �
<br /> � ' As prorided'ui the�.Bc�nd secured her�by,while this mor[ga.ge iemains en efiect the mongagee may hereaFier advxnce�additionxl sums ta the .
<br /> . aaakers oC said Bond,their assigns ur succeswrs in u�terest,wluch sums shall be within the secucity ot this moctgage�the same as the tunds ori�irtally.
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<br /> se:curc3 thereby;.tt�e toYai:�mount.of pruiciQal debt not tc�exceec!at any�ume ihe vriginal amc�unt of thi.s moztgaga. . � �� � �
<br /> Dated this 25`h day ot Mdy .�.D.19 77
<br /> ���^�_�--�_ �C7�'7 �i ;, `;�'r/� fi-/,`�'�J�r f% �
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<br /> Keriry p. � e Katner�ne M. Drudik
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<br /> STATE 0}�NE.3RASFC4, $s. On this 2rjth day vf Md,y 19 �] ,before me,
<br /> COI,�IVTY OF HALL�
<br /> � � � �. � � the undersigned,a Nutary Fablic in and for said County,persanally came �� Q •,.�'L'��`
<br /> K�3"1"y P. COI�, a si erson, and Katherine M. Drudik� d singlewho dY'2 persvnallyknotvnto '�
<br /> L. M� person �
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<br /> rraa to be the:id�nLcal .y � w e S�. d Y'2 � aPFixed to the aebove inxt.rurnent as murtge$or 5 . and the�r: severally },�;
<br /> �.ackncswledged the sai3 �tfi'��iyk,�,'. . voluntary act and deed. . � �
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