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<br /> MORTGAGE
<br /> MORTGAGE iOAN N0. L'22�7�4
<br /> �, KNOW ALL MEN BY THES$PRESENTS:That JerOlile KOSI177CIC7 dlld NOY'flid J. KOSRII CIC1, each lf1 h1 5
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<br /> and her'own right and dS spouse of each other Mo�cgagor,whetheroneormore,inconsiderationofthesumof
<br /> = Thirty�-Eight Thousand Eight Hundred and No�i00---=---------------------------------:ppLLAxs
<br /> 4 loaned to said mortgagor by The Equitable Building and Luan Association of Grand Islnnd,Nebraska,Mortgagee,upon 38$ shares of stock of
<br /> ? said pSSOCIATION,CertiFicate No. L22�7�4 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> described Teal estate;situated in 7jnll County,Nebraska:
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<br /> LOT THREE (.3) ISLAND ACRES NU. 9 AN
<br /> j ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br /> � COUNTY, NEBRASKA.
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<br /> � .�� together with all the tenements,hereditaments and appurtenances thereunto Uelonging,induding attached floor coverings,ail�window screens,
<br /> , �. � � window shades;blinds,s[orm�windows,awnings,hea[ing,air conditioning,and plumbing and wa[er equipinent and accessories thereto,pumps;stoves, .
<br /> refrigetators;and other fixtures and equipment now or 1iereafter attached to or used in connection with said real estate.
<br /> � .�� � � � And�whereas the said mortgagor�has agreed and does hereby agree Ihat ihe mortgagor shall and will pay all taxes and assessments levied or
<br /> - "p assessed'upon said premises and upon this mrntgage and the bond secured thereby before the same shall become delinqueni;to furnish appruved
<br /> � insurance upon the buildings on said premises situated in xhe sum of$ 38 HOO.0� Payable [o said ASSOCIATION and to deliver to said
<br /> �. ASSOC(ATION[he policies for said insurance;and no[tu commit or permi�any waste on or abou[said premises;
<br /> � �� . ��In case oC default in the performance of any of the terms und conditions of this mortsage or the bond secured hereby,the mortgagee shall,
<br /> r i .. ��on�demand,�be eniitled to immediate possession of thc�mortgaged premises and die mortgagor hereby assigns, transfers and sets over to the .
<br /> mortgagee all the ren[s,revenues and income to be derived from the mortgaged prrmises during such time as the mortgage indebtedness shalt remain �
<br /> . unpaid;and�the mortgagee.shall have the power to appoint uny agent or agents�ii may desire fur the purpose of repairing said premises and renting ��
<br /> ,� � � the same and.coliecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premises and necessary
<br /> � commission5 and.expenses incurred in renYing and managing the same and of collecting rentals therefrom; [he balance remaining,if any,to be
<br /> � � � appiied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such
<br /> i default,irrespective oFany tempurary 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 sharesby
<br /> ,�# �payment;pay monthly,[o said ASSOCIATION of the sum specified in the Bond sewred hereby.as interest and principal on said loan,on or before� �
<br /> ; E , the Twentietli day of each and every month,until said loan is futly paid;pay all taxes and assessments levied against said premises and on this Mortgage
<br /> � and�.the Bond secured[hereby,before delinquency;fumish approved insurance upon the buildings thereon in the sum of$ �8,�800.�Q payable
<br /> to said ASSOCIATION;repay to said ASSOCfAT10N upon demand all money by it paid for such taxes,xssessments and msurance wih interest at�
<br /> the.maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and compiy
<br /> 3 with all the agreements and conditions of the Bond for$ 3H�HOO.00 this day given by the said Mortgagor to said ASSOCIAT[ON,and comply
<br /> ,, � ; with all the requ'uements of the Constitution and By-Laws of said ASSOCIAT[ON;then these presents shall become null and void,otherwise they
<br /> � � ' �shall�remain�in fult force�and�may be foreclosed at the option of the said ASSOCIATION after Failure for three mon[hs to make any of said
<br /> t�'�� . paymentr or be.fhree months in�arrears in making said month)y payments,or to keep and comply with the agreements and conditions of said Bond;
<br /> � .� and Mortgxgor agrees to have a receiver appointed forthwith in such foreclusure proceedings. � .
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<br /> If tliere is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby
<br /> . � �secured shall,at the option of The Equitable Building and Loxn Association of Grand Island,Nebraska,become immediately due and payable without
<br /> further notice,and the amount remaining dve under said bond,and any other bond for any additional advances made thereunder,shall,from the
<br /> date oP 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 ramains 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 th?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.
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<br /> i Dated this 2 day of JLtl2 A.D.,19 7�
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<br /> J e Kosmi cki --
<br /> Norrna �. Kosmi cki
<br /> ; STA�E OF NEBRASKA, ^
<br /> � COL7NTY OF HALL�ss. On this z8'Ch. day of J une 197� ,before me, � +� ,
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<br /> � the undersigned,a Notary Publiain and for said County,personatly came :;�y �r '
<br /> 3erqme Kosmicki a�d Norma J. Kosmicki, each in his and her own right and as spouse of �^ , :
<br /> r eac:Fi O��eY' WhO dre personally known to ��
<br /> , ';� me to be the identical erson s whose name 5 aY'@ �^'"$`'
<br /> p 'aff`ixed to the above instr ortgagors and they ��erally 'u��
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<br /> acknowledged,the said instrumeni to be t}�@ 7'r voluntary act and dead. �; ,..� r?
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<br /> WiTlrESS my hand and Notarial Seal the date aforesaid. j Y/ .
<br /> My Commisxion ex i es ,f�
<br /> P G� I,e L/•
<br /> ��G�.N�RACNOTARY.S:isie ei N pr^��� ;I�G�K .��'Z..��� / .. 7. . . � otary Public � .
<br /> 6,1- ��81 JI1A?E"W.iJC.St.,"+N � � '�1� ( . � . � . .
<br /> . � MY Gomsn Np; 2 � / �
<br /> � .w ..., :�j. .. . , . . . . . � .
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