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<br /> 76. 000494
<br /> MORTGAGE
<br /> ; --- ---- .___.MORTGAGE LOAN N0. X21,962^—MGIC
<br /> ' I(NowALLMENBYTHESEPRESENTS:TItat Anthony J. Sydzyik and Mary E. Sydzyik, each in his and
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<br /> her own right and as spouse of each other, Mortgagor,whether one or more,in consideration of the sum of
<br /> Forty-two Thousand Seven Hundred Fifty and No/100
<br /> DOLLARS
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 427 shares of stock of
<br /> ' said ASSOCIATION,Certificate No.L
<br /> 21 9q6g2?MGIC,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County',Nebraska:
<br /> r : LOT NINE (9) IN BLOCK ONE (1) IN CAPITAL HEIGHTS
<br /> THIRD SUBDIVISION, BEING A PART OF THE SOUTHWEST QUARTER •
<br /> OF SECTION TWO (2), TOWNSHIP ELEVEN (11) NORTH, RANGE TEN
<br /> r.; (10) WEST OF THE 6TH P.M., IN HALL COUNTY, NEBRASKA.
<br /> t • 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 conditioning,and plumbing and water equipment and accessories thereto,pumps,stover,
<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;to furnish approved
<br /> insurance upon the buildings on said premises situated in the sum of S 42 750 OO payable to said ASSOCIATION and to deliver to said
<br /> ASSOCIATION the policies for said insurance:and not to commit or permit any waste on or about said premises;
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<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 /> 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 /> ,71,- the 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 to 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 anythne during the existence of such
<br /> default,Irrespective of arty 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 sun 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 /> and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of S 42,750.00 payable
<br /> to said ASSOCIATION:repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> 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 complywith all the agreements and conditions of the Bond for S 42,750.00 this day given by the said Mortgagor to said ASSOCIATION,and comply
<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 lsland,Nebraska,become immediately due arid payable without
<br /> 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.
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<br /> As provided in tire 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 /> . !„Dated this 29t day of January A.D.,19 76,
<br /> tl31- Jrfil 1s ,.� ' �'i fir t/^ )i / y,
<br /> Anthony J. y ik 1. y`7•1 t.
<br /> Y Y � Mary Et Sydzyik r •
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<br /> STATE OF NEBRASKA, ss On this 29tlby n(
<br /> COUNTY OF HALL January 14 76' ,before mc,
<br /> Anthony J. Sydzyik and Mary E. Sydzyik, each in undersigned,uNotoryPublic inn for said County,personalycame
<br /> Y a daher own right and as spouse of
<br /> eagtl so,4 r, who are personally known to
<br /> ..t e'to be Breiddo tI persons whose names are affixed to the above instrument as mortgagors and they severally
<br /> a,cknowledgeath saielinstrument to be their voluntary act and deed.
<br /> WITNESS my hand and Notarial Seal the date aforesaid.
<br /> MvLbmnrissionexpires �it iql� ikl , kL,_,,,% • __
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<br /> Notary Public'a- 3732M
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