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<br /> MORTGAGE
<br /> MORTGAGE LOAN N0. L ZZ,�3�
<br /> � KNOW ALLMEN BY THESE PRBs:LN�rs:Tnat Laura M. Tyl kowski, d Sl 119�2 p2Y'SOtI
<br /> 1i
<br /> Mortgagor,whether one or more,in consideiation of the sum of
<br /> Twe]ve Thousand and No/100----=-------------------------------------------------- no�LaRs '
<br /> toaned to said mortgagor by The EquitableBuilding and Loan Association of Grand Island,Nebraska,Mortgagee,upon j 2Q shares of srock of
<br /> said ASSOCIATIpN;Certificate No. L 22,�3� ,do hereby grant,convey and mortgage unro the said ASSOCIATION the fatiowing
<br /> described real estate,situated in Hall County,Nebraska;
<br /> " LOT SEVEN (7), IN BLOCK THREE (:', OF KOEHLER PLACE,
<br /> i
<br /> �, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> MEBRASKR.
<br /> . together with xll tlie tenements, hereditaments end appurtenances thereunto belonging,including aitached floor coverings,all window screens, �
<br /> . �window shades,blinds,s[orm winduws,awnings,heating,air conditioning,and plumbing and water equipment and accessuries therexo,pumps,stoves,
<br /> . � refrigerators,and o[fier fixtures nnd equipment now or hereafter attached[o or used in connection with said real estate. �
<br /> � � �And whereas the said mortgagor has agreed and.does hereby agree that the mortge�or shall and will pay all taxes and assessments Ievied 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 tlie buildings on said premises situsted i�n lhe sum of$12.���.U� payable to said ASSOCIATION and to deliver to said�
<br /> ASSOCIATION[he policies for said insurance;and not to commit or permit any waste un or�bout said premises; � ��
<br /> In case uf default in tize performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall,
<br /> on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, iransfers and sets over to the
<br /> mortgagee all the rencs,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br /> . .� unpaJ;and the mortgagee shall have the power to appoint any agen[or agents it may desire for the purpose of repairing said premises and renting ��
<br /> . the same mid collec[ing the ren[s,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 ren[ing and managing the same and of colieciing rentals therefrom; the balance remaining,if any,to be
<br /> applied toward the dischargc of said mortgage indebtedness;these rights of the mortgagee mxy be exercised at any time during tl�e existence.of such �
<br /> � default,irrespective of any temporary waiver of the same. � �
<br /> ° � These Presents,however,are upun the Condition,That if Ihe said Mortgagor shal!repay said loan on orbefore the maturity of said shares by
<br /> i . payment;pay monthly to said ASSOClATION of Ihe sum specified in the Bond secured hereby as interest and principal on said loan,on or before
<br /> the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises xnd on this hiortgage� �
<br /> and the Bond�secured thereby,before delinquency;fumish approved insurance upon the buildings therean in the sum of 5 j 2��QQ.QO payable .
<br /> � to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurence with interest at �
<br /> � the.maximum legal rate thereon from date of paymen[alt of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and eomply �
<br /> � � with all the agreements and conditions of[he Bond fo7 S 12���0.��this day given by the said Murtgagor[o said ASSOCIATION,and comply �� �
<br /> . with all the requuements oC the Consti[ution and By-Laws oF sxid ASSOCIATION;then these piesents shall become null an3 void;otherwise[hey�
<br /> shall remain in full force and may be forec]osed at the option of the suid ASSOCIATION after failuce for three mond�s to make any of said
<br /> . . payments or be three months in arrears in making said monthiy pxyments,ur to keep and comply with the agreements and conditions oC said Bond;
<br /> and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings_ �
<br /> � � If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise, then the entirc remaining indebtedness hereby .
<br /> �secured shall,at the option of The Equitable Building and Loan Association of Grand lsland,Nebraska,become immediately due and payable without
<br /> further notice,and the amount remaining due under said bond,and any other bond fur any additional advances made thereunder,shall,from the �
<br /> . date of exercise of uid option,bear interest at[he maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said ' . � �
<br /> bond,and any other bond for additionai advances,together with all sums paid 6y said The Equitable Building and Loan Association of Grand lsland, �� � �
<br /> � Nebraska Tor insurance�,taxes and assessments,and abs[racting extension charges, with interes[ thereon, from date of payment at[he maximum � �
<br /> � legal rate_ � � .
<br /> As provided in the Bond secured hereby,while this mortgage remains in effect the nrortgagee may heteafter advance additional sums to the �
<br /> makers uf said 6ond,their assigns or successors in in[erest,which sums shail be within the security of this mortgage[he same as the funds originally . �
<br /> secured thereby,the total amount of principal debt not to exceed at any time the original arnount of tliis mortgage. � ' �
<br /> ���aced u�;s 6th aay os July A.D.,i9 77
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<br /> a a y <ows i
<br /> " �
<br /> STATE OF NEBRASKA, ss. On tltis da of 19 ,before me,
<br /> COUNTYOFHALL� 6th Y July 77
<br /> _ .. .,,
<br /> . �� '� � �� � � the undersigned,a Notary Public in and for said County, personatiy came � � �;� ' =
<br /> � r�.
<br /> Laura M. Ty1 kowski, a si ngl e person Who j g personaily known to }� � '��
<br /> � � � me��to be Lhe iden2ical petson .whose name� .7 S � affixed to Lh2 above ins ent as� rtgagor and 5�'lE severally . �'�'�'�
<br /> acknowledged the said instrument to be heP voluntary act and deed. /
<br /> � � � WITNESS mv hand and Notarial Seal the date aforesaid: / � �, -
<br /> � "�4�y�S���s�q�e+cpires
<br /> 'L4Vtiihl NU41 � .
<br /> JAMES v C:.LSUfv
<br /> � t •Notary Public
<br /> � Ntv.�•�umm E.�c�.�ov 1 ,1 !� �
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