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<br /> red as Ducumant No. _ �
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<br />;� MORrcna� �:
<br /> 4j� MORTCAGB LOAN N0. L 22�062 ` �
<br />� KNOWALLMENDYTt1L7SBPRESBN?S:That E�d011'R: Penas;.and Margaret A. Penas, each 9n his and her i,
<br />��; own r9ght and as spouse of each other,
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<br /> r Mortgagor,whether one or moie,In conelderallon of the num of is y
<br />!s . Eleven Thousand N9ne Hundred and No/100-------------------------------------------�LLAILS t
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<br />� loanod lo wid morlgngor by Tlte Cquiteblo Building und Loan Assodutlan of GrunJ Islund,Nebiaska,Mortgagea,upon ��g sherca ot�tock of t � ,;'
<br /> t• ' 'auid A5SOCIATtON;Certiflcnto No.L 22,�62 ,do hereby grant,convey and mortgage unto tha salJ ASSOCIATION the fallowing `.;
<br />? ilescdbed real estate,situated in Hell County,Nebrosku: �' %',
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<br /> 3 � �� � LOT�TEN (10) TN BLOCK TEN (10) IN UNIVERSITY � � � � 'r''��� ��.��� , �
<br /> i� PLACE, AN ADDITION TO THE CITY OF GRAND ISLAND, ''
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<br />� NEBRASKA. J
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<br /> togethec with all the tenements,heceditaments and appudenances thereunto 6clonging,including ettached iloar covcrings;all wlndow screens �` ; � •
<br />{ window stiudes,blinds,storm windows,ewnings,heating,air condltioning,and plumbing nnd water equipment and acceuories thercto;pumps,stoves, �;; {='
<br /> reGigcrators,and other fixtures and equipmrnt now on c�reafter attachcd to or used in connecUon with said real estute. ti kt `'
<br /> And whereas the said mortgagor hesagreed and does hcreby agrce thal the mortgagor shall and wi16 pny ail taxes and assessments levled ot S "`
<br /> assessed:upori said premises und up�n this mortgage mid the bond secured thereby before the same shall become delinquent;m furnish approved ( - ,
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<br /> insurance upon the buildings'on iaid prcmises situated in the sum oC$ ��,9QQ.QQ payable lo said ASSOCIATION and to deliver to said ,`d
<br /> ASSOCIATION the pollcies for said insurance;and not to commit or permit any waste on or about said premiws; '3 ��
<br />( In case oLdefault in thc pedormance of any of the terms and conditions of this mortgage octhe bond secured here6y,the mortgageeshall, �� ' �r'i
<br /> orc demand,be entitled to:immediate possession of the mortgaged premises and the tnortgagor hereby assigns, Vansfers and sets over.to the �' ` ` , „
<br />�; mortgagee aU tlie rents,revenues and-income ro be derived from the mortgaged premises during such time as tha mortgage indebtedneu shall remuin � r� (
<br />� unpuid;and the morfgagee sfiall have the power to appoint any agent or agents it may desire for the purpose of repairing said pcemises and renting {. ,
<br /> 4 `the same and collectingthe rents,revenues and incomc,and it may pay oa6 of said income ail expenses of repairing said prtmius.and necessary 1 ° ` n
<br />�, commissions and expen3es incurred in renting and mar.aging the same and o!cullecting rentals themfrom;the balance cematning,if any,to be • � :
<br />��' applied toward the discharge of said mortgage indebtedness;these rights aC qie mortgagee mny be execcised at any time during the existence of zuch ; , r r
<br />� default,iuespective of any temporary waiver of the same. ; t �T '�
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<br /> T h e s e P r e u n t s,h o w e v e r;a re u p o n t h e C o n d i t{o n,T h a t i f t h e s a i d M o r t g a g o r s h x l l r e p a y s a i d l o a n o n o r b e f o r e t h e m a t u r i t y o f s a�d s h a r e s b y ;; ,,,
<br /> payment,pay monthly to said ASSOCIATION of the sum specificd in the Bond secured hereby as intcrest and principal on mid loen,on orbeforc ;.'.
<br />�' ttic Twbntictli day of euch and every month,until said Ioan is fully paid;pay all taxes xnd asscssments levied agninst s;�id premises and on this hfortgage ti `
<br />�, end the Bond secured thereby,before delinqucncy;furnish approved insurance upon the buildings thereon in the sum af$���9��.�� payable r; �
<br /> 5 ta said,ASSOC[ATIONprepay to said ASSOC(AT[ON upon demand all money by it pxid for such taxes,assessments and insurunce with interest at
<br /> the maxlmum IegaPrate thereon from dare of payment all of which Mortgagor hereby agrees tu pay;permit no waste on said premises;keep and comply
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<br /> with ail the agreements and conditions of tl�e Bond(ur$���9(�0 [�(� this day given by the said Mortgagor to said ASSOCIATION,nnd comply
<br /> wfUi all thc requirements o(the Constitution and ByLaws of saia A�SbCIAT10N;lhen these presents shall become null and void,othecwise they
<br /> shall temaid in(all Force and may be foreclosed u6 the option of thc said ASSOCIAT[ON after failuce for thrce months to make any of said
<br /> E payments or be lhree months in aucars in making said monthly payments,or tu keep und comply with the agreements and conditions of said Bond;
<br /> t ' and Modgogor agrees to have n receiver appointed forthwiq�in such foreclosure proceedings.
<br />< 1f there is any change in owne�ship oC the real estate mortgaged herein,by selc or otherwisc,then the entire remaining indebtedness liereby
<br />' secured shall,at the option of The�quitable Building and Loan Association of Crand lslend,Nebraska,become immediatety due nnd payable without
<br />� (utther notice,and the amount remaining duo under seid bond,and any other bond tot any aJdiHonal ndvances made thereunder,shaU,Gom the
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<br /> date of exerciu of said opHon,beac interesl at the maximumiegal rate,and this morigage mny then be foreclosed to satisfy the nmount due on said
<br /> y, bond,and any otlier bond for additional advences,together with ull sums paid by said The L•quitable Building nnd Loan Associationof Crand Island,
<br />,��,� Nebraska for insurance,taxes and assessments,and abstracting extension churges,with iriterest thereon, fmm date of payment at the maximum
<br /> legal rate;
<br />�' As pruvided in the Bond sccured hereby,while thls mortgage remuins in effect the mortgegee may hereafter advancd additional sums to the '.+
<br /> y� makars o!said Bnnd,theicassigns or successors in interest,whicL sums shail be wlthin the security of this morigage the same ns the funds ociginally
<br />! secured thereby,the total amaunt of principnl debt not to exc�ed nt uny time the originat amount of this mortgnge.
<br /> F , Dated ttifs 8t day of apr11 �1.D.,19 76
<br />� '���_ _ �j��"�,�/Ct.Qi��l�� :�=.c,7..ti�.
<br />�. Eldon R. Penas - arg ret . enas
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<br />�' . STATE OFNEBRASKA � On thls $th day of Apr1� 19]E ,Uefare me, ��'
<br />��' �COUNTY OF HALL} �,: f.-w ,
<br /> the understgned a Notary Publlc in and for said County,perwnully came ��„, '��i
<br />� ' E1don'R Penas.•arid Margaret A. Penas, each in his and �er own t,;
<br />� 2 Y�7 Qht-dlld•dS SpOUSE' Of EdCh Ot{70P Who dp2 personally known to � � ` �
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<br /> < me,,,,�o be the identlCal person,S � whose name S affized to the above insttument as mortgegor S and they-severally
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<br /> aF{cnowladged the sald,instrument to be t1121 P voluntery act and deed, i � �
<br />�� ' an�nnd Notadal Seal Hie date aCoresaid.
<br />� �fNER�I:NO7�RY, e o c�. ; �, ''s e
<br />�i i ` JA�dES W,tOJC�Dtt�missi ezpires '�
<br /> r i �`,�+'�n MY Cprmn,F.�p.Nov,�tz.] � � � �
<br />�'i Notary Fublic
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