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<br /> /'e- 000179
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<br /> r MORTGAGE
<br /> MORTGAGE LOAN NO.• L 21937
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<br />, KNOW ALL MEN BY THESE PRESENTS:That Gary E. Valasek and Mary G. Valasek, each in his and -
<br /> her own right and as spouse of each other,
<br /> Fifty Thousand Eight Hundred and No/100 &ia asar-WbpsQQ Jgrjnore,in consideration of the sum of
<br /> r DOLLARS
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 508 shares of stock of
<br /> said ASSOCIATION,Certificate No.L 21937 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County,Nebraska:
<br /> A PART OF THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER (SE4SW1/4) OF SECTION TWELVE
<br /> (12) , TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M. , IN HALL COUNTY,
<br /> NEBRASKA, MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER
<br /> OF SAID SOUTHWEST QUARTER (SWa); THENCE WESTERLY ALONG AND UPON THE SOUTH LINE OF SAID
<br /> SECTION TWELVE (12), A DISTANCE OF TWO HUNDRED SEVENTY-TWO AND TWENTY-FIVE HUNDREDTHS
<br /> (272.25) FEET; THENCE NORTHERLY PARALLEL TO THE EAST LINE OF SAID SOUTHWEST QUARTER
<br />,Iii,''-'1 ''
<br /> S1), A DISTANCE OF TWO HUNDRED FORTY (240.0) FEET; THENCE EASTERLY PARALLEL TO
<br /> THE SOUTH LINE OF SAID SECTION TWELVE (12) , A 1jISTANCE OF TWO HUNDRED SEVENTY-TWO
<br /> AND TWENTY-FIVE HUNDREDTHS (272.25) FEET, TO THE EAST LINE OF SAID SOUTHWEST QUARTER
<br /> (SWa); THENCE SOUTHERLY ALONG AND UPON SAID EAST LINE OF THE SOUTHWEST QUARTER (SW1)
<br /> A DISTANCE OF TWO HUNDRED FORTY (240.0) FEET TO THE PLACE OF BEGINNING AND CONTAINING
<br /> 1.50 ACRES, MORE OR LESS, OF WHICH 0.206 ACRES, MORE OR LESS, ARE PRESENTLY OCCUPIED
<br /> BY COUNTY ROAD RIGHT-OF-WAY.
<br /> ` together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> window shades,blinds,storm windows,awnings,heating,air conditionine,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 with said real estate. •
<br /> And whereas the said mortgagor has agreed and does hereby agree that the 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 delinquent; furnish approved
<br /> insurance upon the buildings on said premises situated in the sum of S 50,800.00 payable to said ASSOCIATION and to deliver to said
<br /> •i ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises;
<br /> In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall,
<br /> on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br /> y r 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 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,if any,to be
<br /> applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such
<br /> default,irrespective 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 />` .', • - payment;pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or before
<br /> the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage
<br /> 6 and the Bond secured thereby,before delinquency; 800.00
<br /> q cl;furnish approved insurance upon the buildings thereon in the sum of¢0 s payable
<br /> lye, to said.ASSOCIATION:repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> r•-•;.1,, the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay:permit no waste on said premises:keep and comply
<br /> Py with all the agreements and conditions of the Bond for S50,800.00 this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> t0
<br /> -, with all the requirements of the Constitution and By-Laws of said ASSOCIATION:then these presents shall become null and void,otherwise 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 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 Mortgagor 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 or otherwise,then the entire remaining indebtedness hereby
<br /> secured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br /> ry further notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,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 any other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br /> Nebraska for insurance,taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br /> legal 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 /> • 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 total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> sn
<br /> s Dated this 12t day of anuary A.D.,19 76
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<br /> Gary E dTasek - May U Vallase •k
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<br /> STATE OF NEBRASKA, • On this 12th of January 19 76 ,before me, •
<br /> COUNTY OF HALL day „ r,,
<br /> the undersigned,a Notary Public in and for said County,personally came
<br /> Gary E. Valasek and Mary G. Valasek, each in his and her own right
<br /> anti as spous other, who are personally known to
<br /> me to be the ide,k ehaonG4/M, hose name S affixed to the above instrument as mortgagor S and they severally c`; • -
<br /> acknowledged�ev9_,_,,„fsirfirtitp•Fl(�' their voluntary act and deed.
<br /> ✓Qw Es rA isrtypinawR f'tptarial Seal the date aforesaid. 7 7 �y�Jj�^r_ /
<br /> ?y gPm u as,-.E pffes EL 7, 1' 7‘ / �`i��'! r-,-7-4J-21-44-
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<br /> dJA JY 1.
<br /> 3-73-2M 9t, I C 7..,;\-",,,',, Notary Public
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