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<br /> — ------------ ��oarcncr.�_o.ax no. L 22,215 MGI C
<br /> , � �.tiow n�_L niFn nv ri3rsE:��aisr:nrs:rn�� Li ndsay C. Mi chal ski and Ann L Mi chal ski, each i n hi s and
<br /> h2P OWII right dfld dS spouse of each other, �tortgegor,whetheronemmore,inconsiderationo(thesumot
<br /> : Twenty-seven Thousand Four Hundred Fifty and No/100-------------------------------�LLAas
<br /> � loancd to said mortgagur bq The liquita6le l3uilding and Luan Associa�iun o(Grand Island,�ebra�l:a,�turtgagee,upun z�4 shares of stock ot
<br /> . said ASSOCIATION.Certificate No.L22,215 MGIC �Jo trereb��Srant,cunrep and mortg�ee unto thz said ASSOCIpTION tht fulloa•ing - �
<br /> . described rral esiate,situated in Hall Cow�ty.;�rbraska:
<br /> THE SOUTHERLY THIRTY FIVE AND ONE HALF (35z)
<br /> FEET OF LOT FOUR (4) AND THE NORTHERLY TWENTY
<br /> (20) FEET OF LOT SIX (6) IN BLOCK THIRTEEN
<br /> (13) IN COLLEGE ADDITION TO WEST LAWN, IN
<br /> TNE CITY Of GRAND ISLAND, NEBRASKA.
<br /> together +ritl� all tlic trnements,hrreditamtnts�nd appunen�ncas�hrreumu belonging.inchidine attached dour covzrings.sll���indow scrzens, .
<br /> �� windox�shades,blinds.siorm��'irdo���s,a�rnines,hr�tinc,�ir conditionine,and plumbing anJ�vater eyuipment�nd acxswries therem,pumps,stoves,
<br /> retriecrators,and othar fi�w�es�nd cquiymcnt noti��ur hrreafler attachcd tu m us::l in conncction�a�iih said re�l estutc.
<br /> : And�rhereas the s�id morecagor has aeretd�nd dots htreby agrer thn the mortgacor shall and will pay all[aaes and a:ussments levied or
<br /> asusseti upon said premises xnd upon this morteage and the om�d secured there6� brfure tt:e same shall become delinyuent:lo furnish appro��ed
<br /> insurance upon thr.buildincs on s:uid prcmises situated in thr swn o(S 2�,450.00 payable to said ASSOCIAI'10'� and to defiver tu said
<br /> ASSOCIA710\d�e policies lur said insu�ance:and not�o mmmi�or pcnnit am�w�stz un m about s:id prcmises;
<br /> . IO l'�SC U(IIfI]UI[111�I1C PCfIJfiI71IlCC ol any oi thc terms and conditions of tliis murtgage or the bond secured hercby,the mort�agre sh�ll,
<br /> s� on demand.be antitlrJ to immedia[e pussession oi�hr mortg�grd premises �nd ih�� muneaeo� hrreby as�igns, trans(ers and uts over to thc
<br /> morteaeee all thc rents,recenues and inmme to be derirzd frum the mcrte�grd premisas during such time as the mortgage inde6tedness shall remain
<br /> unpaiJ:and�he mang�gec shsll h�ve�he power to app�+int anp acrnt or acrnts it m�p desire far the purpou uf repairing said premise:snd ren�ing
<br /> the same anJ colleceir,c�he rents.rennues�nd mcmnr,an1 it may p�y out uf said income s!I e�p:nses of rep�iring said premises and necessary
<br /> commiufmu and exprnses incwred in renting�nd m�n:+eing thc s�me and oi cu➢ectinc rcntals thrreirom;the bslance rems�ning,if any,to be
<br /> ^ � applied to���ard the dis�harge oi said mun�aee indebtedne�s:d�esr riehts uf thc r.wneacee maq be esercised�t any time du�ing the existence of such
<br /> "� . default,irtccp;�iirr of an��temporarp�caieer oi the s:ime.
<br /> ;, Thzse Prescros.ha�crvn.�rc upun the l undf�ion.Th�t il the S8111��0(I1�60f SI11II It(`11'S�II�IOJII UIl Of I1C1Ull'[IlB I118IUfll\'OI Sild SI13725 b�•
<br /> p:+ymrnt:plp munthly to said ASSOCIATIOX of�hc sutn sFxcified in the Flund seeured hereby as mterest and princip�l on snid loan,on ur be(ore
<br /> � ihc T��'cntieth da�'ot c�ch snd eren�month.until s�id iwn is iully paid:pa��all tases and assessmcnts lerizd against said premisrs and un this 9furtgage
<br /> snd the E3und secured thereby,beiure delinyuznc��:iumish app:u+'ed insur3nce upun dic bwldin.s thereun in the sum uf 5 2],450.00 p�>'able
<br /> �o�id ASSOCI:ITIOV;rep�y to s:�id pSS(X'lATIO\upon dcirund sll mure��by it paid(or such taxes,assessmrn�s and insurana�rith interest at
<br /> thr ma�imum lreal ratc�hereun Gum date oi pa�mem all oC u4ti:h�foneacur I�rrcby�grecs tu pay:permit nu�vasro on sa�d premises;keep and cumply
<br /> �ci�h all the acreements anS con�itions ui the Bond(or� 27 45� �Q this da}•g�crn b�'�hr s:+id Alorteagur w s:�id ASSOCIATION,and complq
<br /> aith all�ht reyuiremrn�s oi thc Coneti�utiun and B)'-La���s of'said ASSO('I.ATIOV;thtn thtse prestnts sh�ll become null and roid,utherN•fse they
<br /> �h�ll retnain in full lu�ce�nd m�y br fureclou•d at the option ui the s�id ASSOCI:\TIOV atier lailure iur three montt�s to ma};e�ny oC said
<br /> paymrnis or he�lurc tnonths in srrr�n in nukmc sai�munUily p�pments,or to ketp snd comply aith the aerramrnts und condicions ot said Bond;
<br /> aud 11one�gur aerrts W h�ce a receive�sppuinted tiitih�cuh iu such iureeluswe proceedings.
<br /> li therr is�m•change in uwne��hip ui thc«sl rsi�te mongagcd herein,oy sale u�uthrnvise,then tha entire rcmaining indebtedness hereby
<br /> j� secured shall,at the op�iim ol Tht liquita6le[3uildine ard Luan Aswciaiion oi Grand Island.Nebrxska,becume immedia[ely due and payable withuut
<br /> funher ninire,�nd ihc imount rcmaininc�due under said bund,and am�other bond�or any additiunal adcances m�de thzreunder,shall,frum the
<br /> date ot exercise u(said upuon,brar imerest�t th;maximum Iegal rate,�nd this mungacr may then be foreclosed to satis(y the amuunt due on said
<br /> bund,xnd anp other bond for additional ad��ances,toeether with all swns p3iS 6y said Tlie liyuitable Buildinc and Luan Associ�tion uf Grand lsland,
<br /> \'ebrask�for insurana,isze>and ass�sements,anJ abstracting extrnsion chsrges,�cidi interest thereun, Irom date of payment a[the tnaximum
<br /> lecal raic.
<br /> z As prucidrd in the llond se.wrd he.eb��,���hilr tliis mur[gage remains in eFfrct the mortgagre may herr�[tar edvance:+dditional sums to tht
<br /> m�ke�s uf s�id BunJ,thzir assigns u�succz�su�s in imeresi,w�hich sums shxll bz within the security of[his mor�gage the same as the funds originally
<br /> '� u�cured therebq,thr iotsl�mount ot principal deb[no�ro:xcerd at any iime the miginsl amount o(this mortgage. .
<br /> i�
<br /> [k�ea�t�;5 ///'''28th , s�>�>� June �� �.�`�76 �
<br /> F �_//'f�L.Lf ` /�/1�L��/�LL-L�/'.� r/ii�. j..f�/ �/( �%J ��1���1/C../_.
<br /> Lindsay C. Mic a1H ski Ann—L. Fiichalski
<br /> srnTe or-resKns►:�. 28th
<br /> ss. On this day oi June I9 �6 ,before me,
<br /> ' COU\Tl'Or NALL} �
<br />� k � the unde�si�ned,a\otary Public in and lur said County,perxmall}•czme �.�
<br /> Lindsay C. Michalski and Ann L. Michalski, each in his and her own right and as spouse N`.;,
<br /> Of tl�he,r, `��hu dre persunallyknownto � �_�
<br />: ( ic}�e t�i�Rtitif�crwn5 x�hose name5 df e a(fixed to the�bore instrunmm as mungagur S and they se��erally � �
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<br />�. ac �{ed�ie�:[tp s�id i�atrument tu be thei r voluntap�act and deed, t. ��.
<br /> � �h�1TTC�S my hand and Notaria:Sesl the d�ic afuresaid. � �
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