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<br /> MORTCAGE
<br /> MORTGACE LQAN NO. � 228�4
<br /> � KNOWALLMGN$YTfiESEPRESCNTS:That �OU9�dS R. Mendyk and Barbara S. Mendyk, each 711 hlS dtld
<br /> fier own right and as spuuse of each other,
<br /> Mortgagor,whether one or more,in consideration of the sum of
<br /> Twentv Thousand and Ei4ht Hundred and No/100-------------------------------------- noLr.Axs
<br /> ��loaned to said moRgagor by The Equitable Building and Loan Association of Gzand Island,N'ebraska,Mortgagee,upon 2�$ ���: shares�of siock of��
<br /> � said ASSOC3ATION, Certificate No. L 22 �a ,do l�ereby grant,convey and mortgage unto the said pSSOCIATION the following
<br /> " { described real estate, situated in Hall Goun�y,Nebruska:
<br /> 4 LOT FOUR (4), IN BLOCK EIGHTEEN (18j IN SCHIMMER'S
<br /> ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> NEBRASKA.
<br /> , i � � �together with�all [he tenements,hereditaments and appurtenances thereunto belonging, including at[ached floor coverings, all window screens,.� �
<br /> �� window�shades,btinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,. �.
<br /> refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection wiih said real estatp.
<br /> �� � � .. ��And whereas ihe said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay�all taxes and assessments levied o�
<br /> � �assessed�upon said�premises and upon this mor[gage and the bond secured therebv before the same shall become delinquent;to furnish apptoved� � .
<br /> . � insurance upon thc buildings on said premises situxted in the sum of 5 2Q�8��.0� payable io said ASSOCIATION and to deliver to said � �
<br /> �ASSOCIATION the policies for said insurance;and not ro commit or permit any waste on ur about said p[emises; . . � . . ��
<br /> � �� ����In case.of default in the�performance of any of the cerms and conditions of this�mo�tgage or the bond secured hereby,the mortgagee shall, ��
<br /> on demand, be entitled to unmediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> morlgagee all the rents,revenues and income to be derived from the mortgaged premises during such tune as the 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�ten[ing .
<br /> .� � the�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 expenses incurred in renting and managing the same and of wllecting rentals tlierefrom; the balance remaining,iF any,to be
<br /> applied[oward the discharge of said mortgage�ndebtedness;these rights of the mortgagee may be exercised at any time during the existence of such
<br /> ....� �� �� defauit,irrespective of any temporary waivet of[he same. � � �
<br /> � These Presents,however,are upon[he Condition,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 the sum specifled in the Bond secured hereby as interest andprincipal on said loan,on�or before
<br /> [heTwentieth day of each and every month,until said loan is fuily paid;pay all taxes and�assessmen[s levied against said premtses and on this Mortgage� .
<br /> Y. � and the�Bond secured[hereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of$ZO�$QQ.OQ. ��.payable��
<br /> � � �� to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid For such taxes,assessments and insurance with inte�est at :
<br /> � the maximum Iega1 rate thereon from date uf payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and wmply. �
<br /> r � with all the agreements and conditions of t1�e�Bond for S 20,80�.��this day given by the said Mortgagor to said ASSOCIATION,and.comply
<br /> with all the reyuirements of the Constitution and By-Laws of said ASSOCIATION; then these presents shall become nuli and vuid,otherwise they
<br /> sitall remain in full force and may be foreclosed aY the option of the said ASSOCIATION after failure for thzee monUis to make any of said
<br /> payments or be three months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond;
<br /> and Mo�tgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. � � . � .
<br /> If there is any change in ownership of the real estate mortgaged herein,by sale o�otherwise,then the entire remaining inde6tedness hereby� � ��
<br /> secured shail,at[he option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br /> further notice,and the amount remaining due under said bond,and any other bond for any additional advsnces made ihereunder,shall,from the
<br /> date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said
<br /> � � bond,and•eny other bond.for additional advances,together with all s�ms paid by said The Equitable Building and Luan Association of Grand Island, .
<br /> Nebraska foz insurance,taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br /> legal rate. � � � � � . � �
<br /> � � ps provided in the�Bond secured hereby,while this mortgage remains in effect the morlgagee may hereafter advance addi[ionat sums[o 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 thereby,the rotal amount of principal debc nut to exceed at any time the original amount of tlils mortgage.
<br /> ' axea��s 16th aa or P ember A.n.,i9��
<br /> , � � � � ��.� � � �/i:`� .� ' � �'Q,'�' tL'Y Q � ��r��'�- �
<br /> Douglaa R. Meridyk (f � Bar ara S, Mendyk
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<br /> ' STATE OF NEBRASICA.�
<br /> ss. On this �6th day of $e teiTl�er 1977 ,before me, �,;,,
<br /> � COUNTY OF HALL P ,:��s` , �,
<br /> , t the undersigned,a Notary Public in and for said County>parsonally came �� �
<br /> Q ° Mendyk and Barbara S. Mendyk, each in his and her own ri qht and as s�o�s� of
<br /> wt�Tb dre� . per n y nown to . . �'ls*,�,n�`
<br /> � �,� k
<br /> �'jw•��dqry rson g whose name 5 affixed to the above instrument as mortgagor S and they severalty �`
<br /> ��SwleQti,ed itrSaid'e rsr.r_nt to be t�'le1 C voluntary act and deed. , ���
<br />�' �`{� c���;����V�'�T my hand asid Notarial Seal the date aforesa'sd. '{
<br /> EXPIRfS �'Co 'ssion exp'ues ;'21 �'��"O. � . � . � ;1� �� . � � / . .
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<br /> J''9�C 31.�9`��.�P `�� , Nota Public
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