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<br /> �8� i��0871
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L 22+98�
<br /> KNOW ALLMEN BY THESE PRESENTS:That Ed Kolar, Jr. and Donna B. Kol ar, each 1 tl hl S and 1
<br /> her own right and as spouse of each other
<br /> Mortgagor,whether one or morc_in consideration of the sum oF � ��, �
<br /> Thirty Five Thousand and No/100------------------- ----------nottwrts
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgageb,upon 3 shares of�tock of . � � �
<br /> said ASSOCIAT[ON,CertiFwte No. L 22 s98� ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall Counry,Nebraska: � � . � �
<br /> LOT TWENTY ONE (21) IN WEST BEL AIR FIFTM
<br /> SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL
<br /> COUNTY, NEBRASKA.
<br /> fbgether with all the tenements,hereditaments and appurtenances thereunto betonging,including attached floor coverings,all window screens, � � �
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thercto,pumps,stoves, - �
<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 auessments levied or . ��
<br /> assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become deGnquent;to furnish approved
<br /> �� insurance upon the buildings on said premises situated in the sum of S 35,000.00 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 premixs;
<br /> In case of default in the performance of any of the terms and conditions uf this mortgage or the bond securod hereby,the mortgagee shalt, � '
<br /> on demand,be rntitled to immediate possession of the mortgaged premius and the mortgagor hereby assigns, transfers and sets over to the . � ��`
<br /> mortgngee all the rents,revenues and income to be derived ftom 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 ropairing said premises and renting �
<br /> the same and eollecting the rents,revenues and income,and it may pay out of said income aIl expenxs of repairing said premius and necessary . �, �
<br /> wmmissions and expenses incurred in rcnting and managing the same and of collecting rentals thercfrom: the balance remaining, if any,to be . - .
<br /> apP►ied toward the discharge oC said mortgage indebtedness;these rights of Ihe mortgagee may be exercised at any time during the existena of such ' . .
<br /> default,irrcspective of any temporary waiver of the sama �� .� .
<br /> These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said share:by .
<br /> payment;pay monthly to said ASSOCIA?!ON of the sum specified in the Bond secured hereby as intercst and principal on said loan,on or before -
<br /> the Twrntieth 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 35�0��.�� PaYable
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,asxssmrnts and insurance with interest at � _
<br /> the maximum legal rate thereon from date of paymont all of wtuch Mortgagor heceby agrees to pay;permit no was[e on said premises;keep and comply . . . � �. - �.
<br /> �with all the agreements and conditions of the Bond for 3 35 s���•��this day given by the said Dlortgagor to said ASSOCIATION,and comply � . � � �
<br /> with all the requirements of the Constitution and ByLaws of said ASSOCIATION: thm these preunts shall become null and void,ot6erwiu they � . . �
<br /> shall remain in full force and may be foroclosed at the optiun of the said ASSOCIATION after fuilure for three months [o 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 fomclosure proceedings � � , �
<br /> If there is any change in ownership of the re•rl estatc mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby .
<br /> securcd shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become irnmediately due and payable without � � � �
<br /> further notia, 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 forecloxd 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 insuranx,taxes and assessments,and abstracting extension charges, with interest thereon, from date of paymrnt at the maximum .
<br /> . . legal rate. . � .. . . .
<br /> � As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the � �. . �
<br /> makers of said Bond,their auigns or uccessors in interest,which sums shall be within the security of this mortgage the same as the funds originally � " �
<br /> secured thtteby,the total amoun principal debt not ro exceed at any time the original amount of this mortgage. � � �
<br /> na�ea� h aay r-' January n.D..�v 78
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<br /> o ar, —
<br /> Donna B. Kolar
<br /> STATE OF NEBRASKA,�ffi. On this Ist�'1 day of January 19�$ ,before me,
<br /> COUNTY OF HALL
<br /> � the undersigned,a Nota�Public in and for said County,personallY came
<br /> Ed Kolar, Jr, and Donna B. Kolar, each in h.is and her own right and as spouse of each �
<br /> other WhO are P°rsonally known to
<br /> a
<br /> �� me to.be the identical perso� whose nameS are affixed to the above inst mortgagor 5 and 'the,Y severallY � , �,.
<br /> acknowledged the said instrument to be the i r voluntary ad and deed_ � '� +`.�� )���-��
<br /> �� � WITNFSS my hand and Notarial Seal the date aforcsld. ! � � " °�' ��
<br /> � ...m...,',,,:�iit:..�,. . .
<br /> M�Commusion ncpins
<br />� 6ENERA!NQTARY�Shta of Nebr. Notary Public �
<br /> JAMES W.OLSOIV �` '
<br /> �MY�mm.ExP.Nov.11.1979 . �y� �� � -
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