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<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L 22���
<br /> KNOW ALL MF,N BY'CHESEPRESENTS:That Rl CIIdY'CI G Mei kus and Susan J. Mel kus, each i n f115 dlld
<br /> � her.own right and as spouse of each other
<br /> Mortgagor,whether one ur more,in consideration of the sum of � `
<br /> � . Twent.v Six Thousand and No/100------------------------------------------------- noLLnxs '
<br /> loaned to said mortgagor by Tlie Equitabte Building andLoan Association of Grand Island,Nebraskx,Mortgagee,upon 2(� shares of stock of
<br /> said ASSOCIATION, Certificate No. L 22�77 ,do hereby grant, convey and mortgage unto the said ASSOCIATlON the following
<br /> described real estate,situated in Hall County,Nebraska:
<br /> LOT THREE (3) IN BLOCK THIRTY-SIX (36) IN
<br /> CHARLES WASME R'S ADDI TI ON TO THE CITY OF
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<br /> GRAND ISlAf�1D, HALL COUNTY, NEBRASKA.
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<br /> � � ��together with ell the tenemen[s,hereditaments and appurtenxnces thereunto belonging,including attached floor coverings,all window screens,� .�
<br /> � � window shades,blinds,storm windows;awnings,heating,air conditioning,and plumbing and water equipment and accessories[hereto,pumps,stoves,
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<br /> �. refrigeralocs,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate. �
<br /> � .. � And whereas the said moctgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessmmts levied or
<br /> ; assessed upon said premises and upon this mortgage and the bond secured thereb,y before the same shall become delinquent;to furnish approved
<br /> ��, �. insurance�upon the tiuildings on said premises situated in the sum of$26����.U� payable to said ASSOCIATION and to deliver to said . �
<br /> '3 ��� ASSOCIATION Che policies for said insurance;and not to commit or permit any waste on or about said premises; �
<br /> � � � �� In case of defau][in the performance of any of tlie terms and conditions of this morigage or[he hond secured hereby,the mortgagee sliall,
<br /> � �on demand,be entitled[o immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and se[s over to [he
<br /> �� �� mortgagee all the ten[s,revenues xnd income to be derived from the mortgaged premises during such time as t6e mortgage indebtedness shall remain
<br /> . � unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting .
<br /> , f. � � � the Same and collecting die 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�renting and managing the same and of collecting rentals therefrom; the balance remaining, i(any,to be
<br /> F applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during[he exisiencc of such.
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<br /> default,irrespec[ive of any temporary 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 shares by �
<br /> � payrnent;pay monthly to said pSSOCIATION of the sum specified in the Bund secured hereby as in[eres[ and principal on said loan,on or before�
<br /> � � . � � �.thc Twentieth day of each and every month,untit said loan is ful]y paid;pay all taxes and assessments levied against said premises and on Yhis Mortgage �
<br /> g � . �and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of$2(�QQQ.QQ payable � .
<br /> � to�said pSSOCIATION;repay tu said ASSOCIATION upon demand�all money by it paid for such[xxes,assessments and insurance with intetest at
<br /> . �the maximum legal rate thereon Crom date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply
<br /> ' � with all[he agraements and conditions of the Bond for 5 2( OOO.OO �his day given by the said Mortgagor to said ASSOCIATION,and compty �
<br /> i � � with all.the�requirements af the Cons[itution and By-Laws of said ASSOCIATION;then these�presen[s shall become null and void,oiherwise they�
<br /> ' i . � shali remain in futl force and.may 6e foreclosed at the option of the said ASSOCIAT(ON after failure for three months to make any uf.said �
<br /> payrnents or be chree months in arrears in making said montlily payments,or to keep and comply with the agreemen[s and conditions of said Bond; '
<br /> � �.and�Mortgagor agrees to have a receiver appoin[ed forthwith in�such foreclosure proceedings. � �
<br /> ' � . � If there is any ctiange in qwnership of the�eal estate rnortgaged herein,by sxie or otherwise,then the en[ire 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 bund for any additional advances made ihereunder,shall,from the
<br /> � . cfale oC exercise of said option,beaz inferest at[he ma�cimum legal rate,and this mortgage may[hen be Foreclosed[o satisfy[he amount due on said �
<br /> � . bond,and any other bond foi additional advances,together wi2h atl sums paid by said The Equitable Building and Loan Associatiun of Grand Island,
<br /> Nebraska for insurance,taxes and assessments,and abstracting extension charges, with interesi thereon, from date of payment at the maximum
<br /> . � ' Iegal.rate. . � : � . .
<br /> � As providad in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additiona2 sums to the
<br /> �� makers of��said Bond,their assigns or successors in interest,which sums shall be within the security of this mortgage the same as the funds originally �
<br /> � �secured qiereby,the total amount of principal debt noY to exceed at any time the original amount of this mortgage. . � . � �
<br /> � na�ea fn;s 1 th aay of August A.n.,19 77
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<br /> ' ' Richard L. Me1kus Susan J. Nlell� s
<br /> STATE OF NEBRASICA,�� On this �Q'th day of AU JUSt 19 J7 ,before me, +
<br /> COUNTY OF HALL , „
<br /> � ��� � � � ihe undersigned,a Notary Public in and for said Couniy,personally came � � �� ?z:�,�. �
<br /> Riehard L. Me7kus and Susan J. Melkus, each in his and her own right and as spouse of each .�� €����'
<br /> 0'tt'!EP who dP0 Personallyknownto � sb`v
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<br /> F.tt}�9�1��q�,, erson 5 whose name S affixed to Lhe above instrument as mortgagor 5 and they severally �;��
<br /> e',�b�Yt�,4i�s�ip txuntent to be i.�lel►' voluntary act and deed. H`; .,'
<br />� F ,•`� '��1'aTN my hand aad Notarial Seal the date a£oresaid. '\
<br /> �� COMt�SS ON Y;� ission exp'ves � . 1 �' ^�r,, :: � -
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<br /> ' EXPiRES • � �tary Public
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