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<br /> MORTGAGE
<br /> MORTGAGG LOAN NO.� 22�7�4
<br /> KNOW ALL MEN BY THESEPRESENTScT6at Jerry C. Placzek and Julie A. Placzek, each in his and her
<br /> n ` own right and as spouse of each other
<br /> �� ' �� � " � � � � Mortgagor,whether one or more,in consideration of the sum of
<br /> Twenty-Five Thousand Five Hundred dtld NO/100---------------------------------------DOLLARS
<br /> � ��7oaned[o said mortgagor by.The Equitable Building and Loan Association of Crand Island,Nebraska,Mortgagee,�po�,. 255 shares of stock of
<br /> ���said ASSOClATION,�Certiflcate No.�L Q2�]�4� ,do hereby grant, convey and mortgage unto the said r1SSOCIATION the following �
<br /> � � � described real estate,situated in Hall County, Nebraska:
<br /> LpT FIVE (,5), IN BLOCK SIX (6), OF "KOEHLER PLACE",
<br /> AN ADDTTION 7D TNE CI7Y OF GRAND ISLAND, HALL COt1NTY,
<br /> NEBRRSKA.
<br /> . together with all the tenements,hereditaments and apyurtenunces thereunto belonging,including attached floor coverings,all window screens, �
<br /> � � window shades,blinds,s[om�windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories therexo,pumps,stoves,
<br /> refrigera[ors,and.other Gxtures and equipment now or hereafier attached lo or used in connection with said real estate. �
<br /> . And whereas the said moztgagor has agreed and dues hereby agree tliat Ihe mortgagor shall and will pay all taxes and assessments levied or � �
<br /> assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquen[;to furnish approved�
<br /> � insurance upon the buildings un said premises si[uated in the sum of S 25�5��.UD payahle to said ASSOCIATION and to deliver to said � � �
<br /> i ;�-�� ASSOCIATION the policies for saad insurance;xnd not to commit or permit any was[e on or about said premises; �
<br /> . In case of detault in the perfonnance of any of tlie terms and conditions of this mor[gage or the bond secured hereby,the mortgagee shall, �
<br /> on demand,be entiUed to immediate possession of the mortgaged premises and [he mortgxgor hereby assigns, transfers and sets over to the
<br /> � mortgagee all the cents,revenues and income to be derived from the mortgaged premises during such tirne as the mortgage indebtedness shall remain �
<br /> unpaid;and the mortgagee shall hxve the power to appoint any agent or agnnts it may desire far the purpose of repairing said premises and renting � � �
<br /> � [he same and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premises and necessary �
<br /> � . commissions and exgenses incurred in renting and managing tlie same and of collecting rentals therefrom; the balance remaining,if any, to be �
<br /> # applied�[oward the�discharge of said mortgage indebtedness;these rights of ihe mortgagee may be exercised at any time during Uie existence of such
<br /> ,�� default,irrespective of any temporary waiver of the same. � � �
<br /> `r �� These�Presents,however,are upon the Condition,That if the said Mortgagor shal(repay sxid loan on or bef'ore[he mxturity of said shares by
<br /> 3 . � payment; pay monihly to said ASSOGATION uf the sum specifled in the Bond secured hereby as interest and principxl on said loan,on or before .
<br /> the Twentieth day of each xnd every month,until said loan is fully paid;pay ap taxes and assessments levied against said premises and on Uiis Alortgage
<br /> � and the Bond secured thereby,before delinquency;fumish.approved insurance upon the build'uigs thereun in the sum of$ Q5�500.OO � payable �
<br /> �[o said ASSOCIATION;repay to said ASSOC(ATION upon demand all money by it paid for such taxes,assessments and insurance wi[h interest at
<br /> �ihe maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pxy;permit no wasie on sxid premises;keep and comply � . ���. �
<br /> � with all the agreements and conditions of lhe Bond for$ Q5�rjQQ.QQ this day given 6y the said Mortgagor to said pSSOGATION,xnd comply � ��
<br /> . with all the requirements of the Constitution and By-Laws uf said ASSOCIATION;then these presents shall become null and void,othenvise they
<br /> : shall remain�in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any af said � � ��
<br /> payments or be three months in arrears in making sxid monthty payments,or to keep and comply with the agreements and conditi�ns ot said Bond; � � � � �
<br /> ��tnd Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. � �
<br /> � . If there is any change in ownership of[he real estate mortgagcd herein,by sale or o[herwise,Yhen the entire remaining indebtedness hereby �
<br /> . . secured shall,at tt�e option of The Eqaitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without � � �
<br /> further no[ice,and the amount remaining due u�der said bund,and any other bond for any additional advances made thereunder,shall,from the - �
<br /> date of exercise of said option,beer interest at the maximum legal ra[e,and this mortgage may then be foreclosed to sa[isfy the amount due on said �� � � �
<br /> . bond,and any o[her bond far additional advances,together with all sums paid by said�The Equitable Building and Loan Assucia[ion of Grand lsland, � � � �
<br /> Nebraska for insurance,taxes and assessments,and abstracting extension charges, with in[erest thereon, from date of payment at the maximum � � � �
<br /> legal rate.
<br /> �}- . � As provided in[he Bond secured hereby,while[his mortgage remains in effec[ the mortgagee may hereafter advance additional sums to the �
<br /> . � �makers of said Bond,their assigns or successors in in[erest,which sums shall be within ihe security of this mortgage the same as the funds originaily � . . �
<br /> '� � �secured�thereby,the total amount of principnl debt nut ro exceed at any time the original amount of this mortgage. �
<br /> ( � �
<br /> Day is 9th • �r August n.n.,iv�7
<br /> e y ze � �' �
<br /> � ��'.4'. '� . .
<br /> r� ie A. Placzek
<br /> ; STATE OF NEBRASKA,��, On this 9th da of AU USt '
<br /> � COUNTY OF HALL Y 9 19 �7 ,before me, �
<br /> Ma4y
<br /> � ihe undersigned,a Notary Public in and for said County,persnnatly came ,
<br /> Jerry C. Placzek and Julie A. Placzek, each in his and her own righ�lo nd as spouse o�'each � � ;� '
<br /> O�h21^ �� �� � � � . . � d Y'2 Personaily nvwn to � � r;x .
<br /> � ` ntical person 5 whose name s a re affixed to the above instrument as mori{;agors and they severally �>:
<br /> y� �
<br /> �� �ac1cAQ �}� 'd instrument to be th@i t^ . voluntary aot and deed.
<br /> ' +.�N E R,� �y� F S S m y h a n d a n�N o t a r.a l S e a!t h t Q�2�a f e r e s s i d,
<br />�. U N4F,+4�2'Y `. A7}. .ommissian expires C�1t�✓�aW'� � \ ����� � �
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