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<br /> MORTCAGE
<br /> MORTGAGE LOAN N0. L 22$3� MGI C
<br /> I KNOWALLMENBYTHESEPFtESENTS:That �dV1d M. Mendyk and Christine J. Mendyk, each in his and
<br /> her own right and as spouse of each other,
<br /> Mortgagor,wheiher ona or more,in wnsideration of the sum of
<br /> ' Twenty� Six Thousand Five Hundred and NQ/100------------------�------------------ Do[,tAtts
<br /> laaned tio said mortgagor by T1ie Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 265 shares of stock of
<br /> said ASSOCIATION, Certificate No.L 22831 MGIC,do hereby grant, convey and mortgage unto the said ASSOCIRTION the fotlowing
<br /> described real estate,situated in Hall County,Nebraska:
<br /> '; LOT SIX (6) IN BLOCK THREE (3) IN
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<br /> 10EHNCK'S ADDITION 70 THE CITY OF
<br /> t GRAND ISLAND, NEBRASKA.
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<br /> together wi[h a(i the teneme��ts,hereditaments and appurtenances thereunto belonging,including attadied floor coverings, all window screens,
<br /> window shades,blinds,stocm winduws,awnings,heating,air conditioning,and plumbing and water equipme�tand accessvries thereto,pumps,stoves,
<br /> � ` refrigeretors,and uther f'ixtures and equipment now or hereafter at[ached Co or used in connection with sxid real estate. � � �
<br /> � And whereas the said mortgagor has agreed and does hereby agree that the mortgagor sl�all and will pay all taxes and assessments levied or . �
<br /> assessed upon said premises and upon this ntort}�age and the bond secured ihereby before the same shall become delinquent; to furnish approved ..
<br /> insurance upon the buildings on said premises situated in the sum of 5 26.5QQ.QQ payable to said ASSOCIATION and to deliver to said � � � �
<br /> ASSOCIATtON the policies for said insurance;and not to commit or permi[any waste on or about said premises; � � � .
<br /> In case of defaulf in the performance of any of the terms and cunditions o(this mortgage or the bund secured hereby, the mortgagee shall, .
<br /> on demu�id,bc entitled to imtnediate possession of the mortgaged premises and the mortga�,or hereby assigns, transfers and sets over [o the . .
<br /> ' mortgagee ull Uie rencs,revenues and income[o be derived frum tlie mortgaged premisrs during such time es the mortgage indeb[edness shaYl remain . �
<br /> i �� 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 /> the same and collecting the rents,revenues and inwme,and it may pay out of said income all expenses of repairing said premises and necessary . � � �
<br /> �commissions a.nd expenses incurred in renting and managing the same and of collecting rentals therefrom; lhe balance remaining,if any,to be � � .
<br /> applied toward[he discharge of said mort�age indebtedness;these rights of the mortgngee may be exercised at any iime ducing the existence of such � � .
<br /> default,irrespective o!any temporary waiver of the same. . . �
<br /> These Presents,however,are upon the Condition,That if the said b9origagor shall repay s�id loan on or before[he maturily of sa.id shares by � � �. �
<br /> �, �- payment;pay monthly to said ASSOCIATION of the sum specified in the Bond secured here6y as interest and principal on said loan,on or beFore � . �
<br /> the Twentiet.h day of each and every mont}�,until said loan is fully paid;pay all[axes and assesstnents levied against said premises and on this Mortgage .
<br /> rr and U�e Bond secured thereby,before delinyuency;furnish xpproved insurance upon the buildings t}�ereon in the sum of 526�5��.�0 payable .
<br /> to said ASSOCIATION;repay to ssid ASSOCIATION upon demand all money by it paid fur such tazes,assessments and insurance with irtterest at . �
<br /> the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees tn pay;pennit no waste on said premises;keep and comply - �
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<br /> � with all the agreements and conditions of the Bond fur S ZE>,5��.�� chis day given by the said Mortgagor to said ASSOCIATION,and comply � .
<br /> . with ail the requirements of the Constitution and By-Lews of said ASSOCIATION;then Ihese presents shall bewme null and void,otherwise they � � . . � � � .
<br /> . sliall remain in full force and may be foreclosed at the option of the said ASSOClAT[ON after failur� f�r three months to make any uf said � � . -
<br /> payments or be three months fn artears in mak.i.ng said montlily payments,or to keep and somply with the agreements and conditions of said Bond; � �. �
<br /> � and b4ortgugor agrees to have e receiver appointed forthwith in suc}i Coredosure proceedings. � _ �
<br /> If there is any change in�ownership of die real esta[e murtgaged herein,by sxle or otherwise, then the entire remaining indebtedness hereby � � . �
<br /> � secured shall,at the option of The Equitable Buildin�;xnd Loan Associatioii of Grand Island,Nebraska,becume immediately due and payable wi[hout � . . � .
<br /> ., turther notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the �
<br /> j' � date of e�:ercise of sxid option,bear i��terest at the maximum legal ratc,and this mortgage may then be foreciosed to sstisfy the amount due on said � � . �
<br /> � bond,and any other bond for additional advances,toge[her with all sums pai3 by said The L•quitxble Building and Loan Association of Grand island, . .� .
<br /> Nebraska for insurance,taxes and assessments,and abstracting extension churges, with interest thereon, trom date uf payment at the maximum . � �� �..
<br /> � ]egal rate. � �� � � �
<br /> ; � As provided in ihe Bond secured hereby,while this mortgage remains in effect the mortgagee may hereaf[er advxnce additional sums to the � .� �
<br /> makers uf said Bond,[heir assigns or successors in intcrcst,which sums shall be within the security of this m�rtgage tl�e same as the funds originally � . � �. � ��
<br /> secured thereby,the total amount of principal debt not to exceed at any time the uriginal amount of this mortgage. , � . . � �
<br /> r-'�'ne�ea th;S 30th aay�r, j September �r w.�.,iv 77 rv �
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<br /> Davi d M. Men dyk ,j � C hris tine J. �n dy- / •�
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<br /> STATE OF NEBtZASKA,� ss. On this 30th daY�� Sep tembe r 19�� ,before me, .�,r,�� ., ,�^h
<br /> COUNTY OF HALL -
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<br /> the undersigned,a Notary Yublic in xnd for said County,persunaily came � . � �, , ��
<br /> I David M. Mendyk and Christine J. Mendyk, each in his and her own right and as spouse of ,
<br /> each other, wn� are personally known to Y .
<br /> , me to be the identical person S whose nazne s a re affixed tc Lhe a6o�-c instrurtmtii�aa m�tgagor S and they seyerally . �,.�
<br />�,,, �� � acknowledged the said instrument to be thei r �oluntary act and deed. � i�i .
<br />� - � R1TI3ESS my hand ar�d Notarial Seat the date aforesaid. '� . �' !�� �
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<br />' � My Commission expires �,^' /��� �'. ,�-- �, /1 ��d� �
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