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<br /> MORTGAGB
<br /> MORTGAGE LOAN NO. 22�$21
<br /> ^ icr�ownL�MENaYrH�seeaes�Nrs:Tnat David L. Walkowiak and Mary K. Walkowiak, each in his and
<br /> FI her own right and as soouse of each other
<br /> ____Mortgagor_whether one o_more,in consideration of the sum of
<br /> Eight Thousand and No/100--------------------- ----------------
<br /> DOLLARS
<br /> loaned to said mortgagor by The F,quitable Building and Luan Association of Grand Island,Nebraska,Mortgagee,upon $� shares of stock oF
<br /> said ASSOCIATION, Certificate No.L 22�$21 ,do hereby�rant, convey and mortgage unio the said ASSOCIATION the following —
<br /> described real estate,situated in Hall County,Nebraskx: .
<br /> 7HE NORTHERLY THIRTY-EICHT AND SEVENTY-FIVE HUNDREDTHS (N 38.75') FEET OF
<br /> �61 TFiIRTt�PI (33), iN B�OCiC EiGHiEE��i (1&), i1NiVEr2SITY PLRC�, AN A�DITIO^:
<br /> TO THE CITY OF GRAND ISLAND, HALL CQUNTY, NEBRASKA.
<br /> AND
<br /> ALL OF LOT ELEVEN (11), IN BLOCK EIGNTF.EN (18), UNIVERSITY PLACE, AN
<br /> ADDITION TO THE CITY OF C,RAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> together with all the tenemeats,hereditaments and appurxenances drereunto helonging,including attached floor coverings,atl window screens,
<br />� window shadrs, blinds,storm windows,awnings,heating,air condiiioning,anti piumoing ai;�i wa[er equipsn<n.and ecces�e;;it;the:ec�,g::mps,<_teves, �
<br /> refriger�tors,and uther fixtures and equipment now or hereafter attached to or used in connecliun with said real estate. � .
<br /> � And whereas ihe said mortgagor has agrced end does hcreby agree that [hc mong�gor shall and will pxy all taxes and assessments levied or
<br /> assesszd upon said premises and upon this mortgage and the bond secured thereb before the same shall become delinquent;to furnish approved
<br /> insurance upon 16e buildings on said premises situated in die sum of S B,���.0� payable to sai3 ASSOCIATION and to deliver to said
<br /> ASSOCIA7'ION tl�e policies for said insurance;and not to commit or permit any waste on or about said prernises; � �
<br /> L�case of default in the performance of any of the terms an3 conditions of this mortgage or the bond secured hereby,the mortgngee shall,
<br /> on demand, be entitied to immediate possession uf iiic murtgnged premtscs and the martgagor hereby assigns, transfers and sets over to the
<br /> mortgagee all the rents,revenues and income to be derived frum the mort�aged premises during such time as the mortgage indebtedness shap remain . .
<br /> unpaid;and the mortgagee shxll have the power to appoint ssny agent or agenis it may desfre for the purpose of repairing said premises and renting � �
<br /> the same and collecting the rents,revenues and income,and it may pay out of said income a0 expenses of repairing said premises and necessary � �
<br /> coinmissiuns and expenses incurred in renting and managing the same and of collecting ren[als therefrorn; the balance remaining, if any,to be � �
<br /> applied toward the discharge of said mortgage indebtednuss;these righ[s o(ihe mortgagec may be exercised xt any time during the euistence of such �
<br /> defauil,irrespective of�ny temporary waiver of the same. .
<br /> These Presents,however,are upon the Condition,That if tlie said Martg�gur shall repay seid loan on or before the maturity of said sharesby
<br /> payment;pay�nonthly to said ASSOCIATIUN uf ti�c>u�i�speciGed in ihe Bard szeu;ed.creby as mte:er,sr.d principal on said loan,on or before
<br /> � the Twentieth day o(each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on this Morigage .
<br /> xnd[he Bond secured thereby,before delinquency;furnish�pproved insurance.upon the buildings thereon in the sum of 5 $��Q�.�� payabie .
<br /> to said ASSOCIATION;repsry to snid ASSOCIATION upon demand all mo��ey by it paid frn such taxes,assessments and insurance with interest at
<br /> the maximum legal rate thereon frum date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep xnd comply . �. ��
<br /> , with all the agreements and conditions of the Bond for$ $ �Qn.Q� [his day given by the said Morigagur to said ASSOGATION,and comply '
<br /> with all the requirements of the Constitution and By-Lnws of said ASSOCIATION; then these presents shxll become null and void,o[herwise[hey .
<br /> � shall cemain in full force and may be foreclosed at ihe option of the said ASSOCIATION after fxilure for [hree months to make any oF said .
<br /> . paymenis or be three months in arreurs in making said monthly payments,or to keep and wmply with die agreements and conditions o(said Bond; � � � � �� � �
<br /> �and Mortgagor agrees to have a receiver appointed forthwith in such fbreclosure proceedings. � � �� � �.�
<br /> (f there is any change in ownersliip uf the rexl estate mor[gaged herein,by sale or otherwise,then the entire remaining indebtedness hereby , � � . .
<br /> setured shall,at the option o(The F.quitable Building and Loan Association of Crand isiand,Nebraska,becoine unmediately due and payable without �. � �
<br /> � � further nutice,and the amount remaining due under said bond,and any other bond for any additional advances rnade tliereunder,shall,from the � � . �
<br /> date oC exercise o(said option,bear interest at the maximum legal rate,and ihis 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 F_yuitable$uilding and Loan Associa[ion oC Grand Island, � � � ' � �
<br /> ' Nebraskx tor insurance,taxes and assessments,and abstracting extension charges, wi[h interest thereon, from date of payment at the maximum � . �
<br /> legxl rate. � . .
<br /> As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the �
<br /> L?s of said Bond,their assigns or successors in interest,wliich sums shatl be within the security of this rnortgage the same as the funds originally
<br /> � curtd thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage. . � -
<br /> +flacea�tn��� y oe . Sep�ember a.n.,�v 77
<br /> a�i�r ��'.�,�,��� .. �2� -z-c.��--x�-'�"'�_
<br /> �'u''y " "
<br /> Mary K% Wa 1 kowi ak
<br /> STATE OF NEBXP.SKA,�ss. On this 22nd day of September 19 �7 ,before me, �
<br /> COUNTY OF HALL �
<br /> � the undersigned,a Notary Public in and fbr said County,personally came .
<br /> David L. Walkowiak and Mary K. Walkowiak, each in his and her own riqht and as s�ouse of "" � r �'
<br /> each other `"hO are personally known to a �dy�
<br /> ��� ��me, �� tical person g .whose name s a re affixed to the above instrumen[as mottgagor 5 and t hey saverally . �� `�;���r
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<br /> �: ekk�iwlc8� ' instrume�t to be 'thel}^ voluntary ac[and deed.
<br /> � ���/?�y•. S my hand and Notarial Seal the date aforesaid. �
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<br /> ��.��,s„Q.r��� Notary Public
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