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<br /> � 1tiOK1'GAGE . .�
<br /> MORTGAGE LOAN NO.�,759
<br /> i � KNpWALLMENBYTkiESEPRESENTS:That LdWPE1lC2 R. Badura and Nancy J. Badura, each ltl hl5 and
<br /> her own right and as spouse of each other,
<br /> � � � . . Mortgagor,whether one or more,in consideration of the sum of
<br /> Thirt�Seven Thousand and No/100------------------------------------------------DOL[.Aas
<br /> . ��,loaned to said mortgagor by The Equitabie Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 370 shates of stock of�
<br /> said ASSOCIATION, Certificate No.L 22,759 ,do hereby grant, comey and mortgage unto the said ASSOC[AT10N the following
<br /> � described real estate,situated in Hall County,�Nebraska:
<br /> ti _: LOT SEVEN (7) IN BLOCK EI6HT (8)
<br /> IN PACKER AND BARR'S ADDITION TO
<br /> GRAND ISLAND, HRLL COUNTY, NESRASKA
<br /> together with all the teneinents,liereditaments and appurtenances thereunto belonging,including atiached floor coverings,all window screens, .
<br /> wind�w shades,blinds,storm windows,awnings,heating,air cunditioning,and plumbing and water equipment and uccessories there[o,pumps,stoves, � -
<br /> refrigerators,and other fixtures snd equipment now or hereafter attached[o or used in connection with sxid real esta[e.
<br /> And whereas the said mortyagor has agreed and does hereby agree that the mortgagur shall and will pay all taxes and assessments levied or �
<br /> assassed upon said premises and upon this mortgage and the bond secured thereby belore the same shall become delinquent;to furnish approved
<br /> �insurance upon the buildings on said premises situated in the swn of$ 37�000.pQ P�Y�ble to said ASSOCIATION and to deliver [o said�
<br /> ASSOCIATION tLe policies for said iz�surance;and not to c;ommit or permit any waste on or about said premises;
<br /> In case of default in the performance of any of the[erms and condi[ions of lhis mortgage or the bond secured hereby,die mortgagee shall, .
<br /> on demand, be entitled to immediate possession of the mortgaged premises and the rnortgagor hercby assigns, transfers and sets over to the
<br /> mortgagee a11 the rents,revenues and incorne tu be derived from the mortgaged premises during such time as the mortgage indeb[edness shall remain
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<br /> � the same and collecting the rents,revenues and income,and rt may p�y uut of said income all expenses uf repairmg said premises and necessary �
<br /> commissions aad expenses incurred in renting and managing[he seme and of collecting rentals therefrom; the balance remaining, if any,to be
<br /> applied toward the discharge uf said mortgage indebtedness;these rights of the mortgagee mxy be exercised at any[ime during the exis[ence of such
<br /> �, default,irrespective of any temporary waive�of[he sxme. . �
<br /> These Presents,hownver,are upon the CondiNon,That if the said Mortgagor shall repay said loan on or before the maturity of said shares by . . .
<br /> payment;pay monthly to said ASSOCIATION of Ihe sum specified in the Bund 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 and on this Mortgage �
<br /> and the Bond secured thcrcUy,before delinquenty;furnish approved insurance upon[he buildings thereon in the sum of$3]����.�� payable
<br /> to said ASSOCIATION;repay to said ASSO(:IATION upon demand all money by it paid for such taxes,assessments and insurance with interest a[ .
<br /> the maximum iegal rate thereon from date of payment all of which Mortgagor hereby�grees ta pay;permit no waste on said premises;kccp and comply
<br /> :�311:he ag,-ae�r:enls a^3 c<md�tions of the Rui�d f'or$37����.�� this day given by the said Mortgagur to said ASSOCIAT:UN,and comply
<br /> with all the requirements of the Constitu[ion and By-Laws of said ASSO('.IAT10N; then these presents shall become nutl and void,othenvise they
<br /> shall remain in Cull Ibrce and may be foreclosed at the op[ion of the said ASSOCIATION after failure for tliree months tu make any of said
<br /> payments or be ihree months in arrears in making said monthly pnyments,or to keep and comply with ihe agreements and conditions of said Bond;
<br /> and Mortgagor agrees to hxve a receiver appointed forthwith in such fureclusure proceedings.
<br /> If there is any change in ownership of the real estate rnurtgaged herein,by sale or otherwise,then tlie entire remaining indebtedness hereby � �
<br /> secured shall,at lhe option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without . . �
<br /> further no[ice, and the amount remeining due under said bond,and any other bond for any additional advances made thereu�der,shall,from the �� � �
<br /> date of exeroise of said option,bear interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amoun[due on said . .. . . � .
<br /> bond,and xny other bond for additional xdvances,together wi[h all sums paid by said The Equitable BuIIding and Loan Association of Grand Island, . . . � �
<br /> �� Nebrxska for insurance,taxes and assessments,and abstracting extension c:harges, witli interest thereon, from date uf payinent at [he maximum � � � . �
<br /> iegal rate. � . �
<br /> As provided in t.he Bond secured hereby,while this mortgage remains in effect the mor[gagee may heceaf[er advance addi[ional sums to the �� � � �.�
<br /> makers of said Bond,U�eir assigns or successors in inrerest,wluch sums shall be within the security of[his mortgage the same as the funds originally � .� . .
<br /> secured�th�ereby,the total amount of principal deb[not to exceed at any time the original amount of this mortgage. � � � �
<br /> ^faiCd this 2� day of Jll�,y 7 A.D.,19 �
<br /> ` .,y %%�.-��.�.� ,-C%4,-�r.�-'...��
<br /> Lawrence R. Ba ura N�ancy �a76adura
<br /> STATE OF NEBRASKA,� Z�tFI JU� ��
<br /> ss. On this day of y 19 ,before me,
<br /> COUNTY OF HALL ( ,
<br /> � tfie u dersigned allotary Public i{i a d for d County,personally pme '"'" R �a'�� ��
<br /> Lawrence R. Badura and Nancy J. Badura, each in �iis and ner own rig�it and as spouse of - ,
<br /> � e �� � �� W}1O are personally known to . � � � �
<br /> � . p.pe;tyC,'Cif�e ' son g .�whose name g affixed to the above�ins[rument as mortgagorS and they severally � =."�^�
<br /> acluetigsl�lge�[]¢1 9�q�id in ument to be thei r voluntary act and deed. �'���`
<br /> � �'� � Wl�'N my hand and�Notarial Seal the date aforesaid. ;� �. � . . -�r *
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<br /> � � EXPlRES m ission ex i�es , ...
<br /> . S 9G � �,O ' '. � LJ � Notary Public �
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