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<br /> 76- (102444
<br /> n�oaTcnce
<br /> MORTGAGG LOAN N0. I
<br /> IKNOW ALL MGN DY THESC:PRGSLN'fS:That frankie 6. Pesek, Jr. and Bonnie D. Pesek, each in his
<br /> and her own right and d5 SpOUse Of edCh OtheY', Mortgegor,wl�etheroneormure,inconsiderationoCthesumof
<br /> Thirty-one Thousand and No/100-----------------------------------------------------ooL�nas
<br /> loaned to said murtgagor by The Equitable Duilding and Luan Association uf Grand Island,Nebrasks,M1furtgagee,upun 31� sl�ares of swck of
<br /> ' said ASSOCIATION,Certificale No.L 2Z��O9 ,do hereby grant,convey and mortgage unto the said ASSOCIATION tl�e following
<br /> described real eslute,situatcd in Hail County,Nebraska:
<br /> 1. :
<br /> LOT NINE (9) IN BLOCK TW[NTY (20) IN BAKER'S
<br /> ADDITION TO THE CI?Y OF GRAND ISLAND, NEBRASKA.
<br /> AND '
<br /> ALL OF THE EASTERLY TWELUE FEET ([12') OF LOT FIVE
<br /> (5), AND THE WESTERLY FORTY FEET (4140') OF LOT SIX
<br /> (6), BLOCK TWO (2), OF GLADSTONE PLACE, AN ADDITION
<br /> TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> together with all d�e tenements,hereditaments and appur�enances thereunto belonyng,including attached tlour coverings,all window screens, �
<br /> window shades,blinds,srorm windows,awnings,heating,uir conditioning,and plumbing and water equipment and eccessories there[o,pumps,stoves,
<br /> ceGigeraturs,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br /> And whereas the wid mortgagor has agceed and does hcreby agree that the mortgagor shal�and will pay all taxes and axsessments levied or
<br /> " assessed upon said premises anJ upon this mortgage and the bond secured thereby before the same tlwll 6ecome delinquent:to furnish appmved . �
<br /> insuiance upon the buildings on said prcmises situated in the swn uf S 3�����.�� payable ro sxid ASSOCIATION and ro deliver ro said
<br /> ASSOCIA'l70N the policies for said insurance;and not to commit or permit any waste on or about said premisos, � �
<br /> In case of detault in the perfonnance of any uf the terms and conditions of this morlgage or the bond secured hereby,tf�e mortgagee shall,
<br /> on demand,be entitled to immcdiate possession of Ihe mortgaged premises and the mongagor hereby assigns, transfers and sets over to the � �
<br /> mortgagee all the rents,revenues and income tu be derived from the mortgaged pcemises during such titne as the mortgage indebtedness shall remain ' �
<br /> " unpaid;and the mor�gagee shall have the po�ver to appoinl any agent or agents it may desire for the purpose of repairing said premises and renting � � �
<br /> the same and wllecting the rents,revenues and income,and it may pay oi�t o(said income all expenses uf 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,tu be .
<br /> applicd toward thc dischargc of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the ezistence oC such �-
<br /> default,irrespective of any lempurary waiver o([he same. .
<br /> These Presents,huwever,are upon the Condition,That if the said�1orlgagor shall repay said loan un or before the maturity of said shares by .
<br /> payment;pay monthly to said ASSOCIATfON of ihe sum specified in the i3ond secured hereby as intecest and principal on ssid loxn,on or before
<br /> � . the Twentieth day uf each and evep�month,until said loan is fully paid;pay all taxes and anessments levied agxinst said premises and on this\fortgage
<br /> and ihe Bond secured thereby,bzfure delinquency;(umish approved insurance upon the buildings thereon in the sum of S 3����0.�� p�5'�ble
<br /> ro said ASSOCIATION:repay tu said ASSOCIATION upon demand all money by it paid fm such taxes,assessments and insurance with interest at
<br /> " - Ihe maximum legal rate thereon from data of payment all uC which 6lortgagor hereby agrees to pay:permit no waste on said premises;keep and comply �
<br /> � ; with al)the agreernents and conJitions of the Bond for 5 3��QQQ.QQ this Jay given by d�e said htortgagor to said ASSOCIA710V,nnd comply
<br /> � with all the requirements oC the Constitution and By-Laws oF said ASSO(:IATION;then these presents shall become null and void,otherwise they
<br /> . stiall remain in lull furce and may be tbmclosed at the option uf the s�id ASSOCIATION after fuilure for three months ro make any of said
<br /> payments or be three mond�s in arrears in making said monthly paymen�s,or to kecp and comply wiih the agreements und conditions of said liond;
<br /> �. and Mortg�gor agrecs to have a receirer appointed forthwith in s�ich forecinsure proceedings.
<br /> � . 1(ihere is any change in ownership of the real estate mortgaged I�erein,by sale or othenvise,then the entire remaining indebtedness hercby
<br /> - secured sliall,at the option ut The Equiteble[�uilding and Loan Association of G�and Island,Nebraska,become immediately due and payable witl�out
<br /> . furlher notice,and�he amuunt remaining due under said bund,and any other bond tor any additional ad�ances made thereunder,shull,(rom the
<br />�i . date oi exerciu of said oplion,bear interes[at the maximum tegal rate,and thie mortgage may dien be foreclosed ro satisCy the amount due on said
<br />�. bond,und any olher bond for additional adrances,together u•ith all sums paid 6y said The 6yuitable Building and Loan As,ociation of Grand Island,
<br />�r�� � Nebraska fur insurance,txxes and atsessments,and abstracting extension charges,with interest thereon, from date uf payment at the msximum
<br /> '. . legalratc.
<br /> ` As provided in the Bond si:cured heceby,while this mortgage remains in e(fect the mortgagee muy hereafter advance additional sums to Ihe
<br /> rr.s!:e:s ot:�:id Bo.^.d.their as:igns e;:uc:esso:s i.^,ini,r:st,'�hi;h sums shal.be:cithin thz>ecur':�o(this mortgage the same as the funds ociginally
<br /> � securcd�hereby,�he tutal amount of principal debt no�to exceed at any time lhe original amount ol this mortgage.
<br /> -��i�a tws 5th ,,/, a� or May ,�.i�.,�v76 _
<br /> � �i
<br /> �';�.�/�<�.,�l-� _r ������;�_�.�;� ' !�'-)-���% ,�
<br /> �Frankie B. Pesek, Jr. gonnie D. Pesek
<br /> STATE OF NEDRASKA.l ss. On this 5th day uC �+�aY 19 ]( ,be(ure me,
<br /> COUNTY OF HALL J ,_1 , ;
<br /> ' the 4ndersigned,a Notary Public in and foe said County,personaily came �
<br /> Frankie B. Pesek, Jr, and Bonnie D. Pesek, each �n his and her own right and as spouse a ..
<br /> �� Of 1' W�1O are personallyknownto ? ,
<br /> k � a
<br /> ���g�e"d `' song whose nrme5 are a(fixed to the above instrument as mortgagurg and they ����a��Y � ` �
<br /> � ackgqh4le�g�tl��j5eid ini�rument to 6e thei r voluntary act and deed. .�-:�
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<br /> ,�."y VDTRF'Y�ITf1fSS.my hand and Notarial5eal the date aforesaid. tf?
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