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<br /> ntokTcncG LOAN NO._I 22,140
<br /> � KN05VALLAtENDYTHCSEPRtiSCNTS:Thet C�dyt011 A. Pelo4�ski and Darlene P. Pelowski� @dC�l 1f1 h15
<br /> j; and her OWfI right and as Sp0U52 of edCh OtI12Yr�,lurtgagot,whetharuneormore,iucunsidcraUonoftheswnu!
<br /> ' Fourteen Thousand and No/100----------------------------------------------�----"' i�i,�,�as
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<br /> ,�> IuaneJ ro snid mortgagur by The Gquitable 13ui1Jing and Loan Auoci�tion of Grand Island,Nebraska,Atortgngce,u{wn �QQ sharcs o(srock of
<br /> said ASSO('IATION,Certificale Nu.L 22��4� ,do here�y grant, a�mey end rnortgage wLLu thc snid ASSO(:[ATlON tlie following
<br /> ,'' described real estate,situntcd in Hall County,Nebruska:
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<br /> ` LOT SIX (6) BLOCK TEN (10) IP� JOEHNCK'S
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<br /> r ADDITION TO THE CITY Of GRAND ISLAND,
<br /> `' HALL COUNTY, NEBRASKA.
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<br /> ;?� logedter�aith sll the tenements,hereditaments anJ appunenances thereuntu bclunging,intluding attached Ilour coverings,nll winduw screens, � �
<br /> windo���shaJes,blinds,sWrro�cindows,aH•nings,I�e�tiny,air cunditiuning.aud plumbinF and water equipment and acceswries therero,pwnps,stoees,
<br /> �efrigrrators,and uther fixturcs and eyuipment now ur hereslte�att�ched tu ur used in conncction widi said real estatc.
<br /> And u•hercas the said mortgagor has agrecd and does hareby sgrec d�at the mortgugur sh�ll and will pa}'all taxes and asuumrnts lev;ed or
<br /> asxssed upun saiJ premises and upon tl�is mortga@c and�he 6ond securcd therebv bnlure lh:same sliall 6ecmne delinquent:to furmst�approred .
<br /> insuranc�uEwn the buildings on said premius:ituated in ihe sum of 5 �4,���.0� payehlr to said ASSOC4�TION and to de!:�z:to said
<br /> ASSOCIATION the poiicies fm said insurance;snd not tu commit ur pennit am�was�e on or about said premises;
<br /> In case uf default in thc pedurmantt oC any of thc lerms and cunditions o!tliis mongsga ur the bond sncured hereby,the mortg�gao shsll,
<br /> un dtmand,bc antitled to immcdiate posxssion of the mor�gaged premiscs and thc murtgagor hereby assigns, transfcrs and sets over to thc
<br /> murtgagee ell the rents,re��enues and income to be deri��ed from the murtg�ged premises during such lime as the mortgage indobtedness shaU remxin �
<br /> unpsid;and the mongagce sh�ll have the power to appoint any:�bcnt ur agcnls it r�ay desim fur thc purpusc ol repairing said premises nnd renting ' .
<br /> tho s:�me and culkcting tlte rcnts,�evenues�n1 income,�nd it ma}•pa��out uf said incume all espenses of repairing saiJ premises and neassary
<br /> - cummissfuns aud expenses incw�ed in�enting and managing[he vme and uf collecting rentals them(rum;tha Ualance rcm3ining,iP any,to 6e � .
<br /> B�I�)IIC�IOP'efd lVll`discharge of said mortgage indebtcdness:these richts uf thc mu��Fagcc may bc cxrreimd a:any time during the cxutentt oC such � . �
<br /> defauh,iccrsFxcti�•c o(any tempuran�waieer of the samc. .
<br /> " �Ii[$t:PIt5Ci115.VW\PP1Cf.8fl'UF1UI7 IIIC CUII(IIII00.�I781 1�IIIC S:III�����fl�'�f;Uf SI18II Il'F1JV cvid loan un ur be(ore the m�turity oi said shates hy � ..
<br /> p�yment:pay monthly to saiS ASSOCIATION of the sum speclfieJ in the Bund xcured hereby as interest�nd principal on said loan.on ur before . � .
<br /> - tha'I\+'cn�ieth day u(cach and even�month,un[il said luan is lull}•paid:pa��alt taccs xnd assessmcnts lavicd against said pccmises�nd un th�s\lurtgage �
<br /> and ihe Bund secured thereby,before delinyuency:(urnish approred insursna upun the buildings ihcreun in ihe sum of$ �4,QO�.�� payahle � .
<br /> to said ASSOCIATION:�ep,iy to said ASS(XIATIO\upon dem;+nd all monry bp i�paiJ(ur such ta�es.assessments�nd insurance with interest st . .
<br /> the maximum legal��tc�hereon from Jate of p�ymcnt ail o(���hith\turtgagor hemUy agrecs tu pay:prnnit no wastc un said premiscs:keep and eumply .. �
<br /> W ith all the ag�eemcnts and mnditiuns of thc U�md lor 5 14 O�O (�(� ihis day giren by thc said Afo�tgngor tu said ASSOI'IAT10N,and�vmply
<br /> ��ith all ihe�cyuirements of dir Cunstitutiun and lly•Laws of�ai ASS6C'IATION:�heu these prexnts sh�ll becume null and roid,oihenvix they
<br /> shall remain in full fu�a�nd maq bc forcdoxd:�t the option uf thc said ASS(xL�'IION aftcr lailurc for thrcr munths tu m:ikr:�ny u(��id �
<br /> paymcnts or bc th�ac mundis in a��ca�s m maAing said nwnthly paqnunu,n�w krep and mmplq���ith the agrcements and conditions uf s�iJ tfond: ..
<br /> and lfurtgagur acrccs iu h���c a rcceiccr�ppuintcd fordnviih m such lurcduswc proceedings. � ..
<br /> If therc is am�changr in uwnersl�ip uf the real estate mongaged herein,by s�le ur oihe�wise,then the entire icmainin�:inJebredness herebr ' � � .
<br /> xcmed sh�ll,at thc uptiun uf Thc Lyuiiv6lc Building anJ Luin:lssuciatiun u(G�and lsland.Ncbrail:a,I)ll'UI11C l:IlI11ClII1IfI}'�IIC dOtl P8\':1bIC H^.IIIUUI � . .
<br /> (u�ther nuiice.an�tl�e amount remaininF due 1111SCf suid bund,and any uiher 6und fur any add�tiun�l ad��nce�made lhercunder.shall��fUill 1�1L• �� �
<br /> date ol exercise ol said optiu��.brar intercst at die maximum Irgal�a�e,and�his mm�Fage may then be iumclused to satisfy the amount due un said � � . � ..
<br /> bond,�nJ any othrr bonJ for addition�l ad�ances,�ogether wi�h all smns paid b��saiJ The Gyuitable UuilJing and L.uan Assuci�tiun ol Ciand Island, - � � .
<br /> Ncbraska for inmrance,tasas anJ assc.ssments,and abstr:�cting cxtcnsiun chargcs,w'ith int�•rest thcreun,f�om J�te o(payment at Ihc m�simum � �
<br /> �CE��fAIC. � .
<br /> ;1s provided in die I)und sccured herebp.��'hilc Ihis nwrtg�ge rrntains in cltect thc IIIU[l�U�;C[lliH1'I1CR8Ill'f 9/IY�PI'C HlIlI1INI18I SUllli IU thc
<br /> makers of saiJ Bund,thcir�ssigns or sutcawu in interest,Hhich sums shall ba witliin the xcurity ui d�is mortgage ihe s.vne as lhe funds migin�ll�• . � -
<br /> secured�here6y,the tutal amoun�uf princip:d debt not to execed�I�ny time the uriginal amuunt ul diis mongage. . .. .
<br /> Dated this 24th day uf MaY A.D 19 76
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<br /> .�t,�`,C i L l ,'i �, t, � �e, i: ��.?u 7 � .(.rect-i�.�'-Zt.
<br /> Claytorl A. Pelowski Darlene N. Pelowski
<br /> STATH Of N[iBRASI:A, ss. On this Z4th J;�y uf �.�ay I9 76 .bcfurc mr. :
<br /> COUhTY OF HALL� ��
<br /> ihe w der5iun ll.d NUIe Public in and for said Cuunty,peiwnally came , ��''..
<br /> Clayton A. Pelowski and Darlene P. Pelowski> each �n S��s an`�� her `_N f
<br /> OW� ri ght dtld d5 SPOUS2 of each other N'�» dre persunally knuwn to � >�`
<br /> Lmc tn he ihe idcntical persony5`�tL���{sB�ame S a(fixed to Ihc aboce uistrument as mmtgagur 5 ;���� they xverally � ���k
<br /> acAnowledged the said instFi)a�Zn�l0.ba..,�+h�l;r �vluntary act and deed. l :.r'" t ,
<br /> WfT^lf$9�niy}gidg 5nA A� c��lvEal U�c ctatc afurcsaid. I �� �`
<br /> � A1y nim��ion es Brsr �r�.� � � L
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