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<br /> MOR7'GAGE
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<br /> � MORTCAGE LOAN NO. L 23,009 �,�
<br /> ��' xrrow,u.[.MarrsY�EsBrxESEN�rs:Tt�a� Nick Kallos and Rosie KaTlos, each in his and her own � ` r s �s��
<br /> � right and as spouse of each other ` ��
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<br /> Mortgagor,whether one or more,3n consideration of the sum of : ,�3
<br /> ;{ Five Thousand and No/100--------------------------------------------�------------vou.nxs :
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<br /> loaned to said mortgagor by The Equitable Building and Loan Auociation of Gnnd(sland,Nebraska,Mortgagee;u n� 50 sharea of rtock of :
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<br /> said ASSOCIATiON,Certificate No.L 23s0�9 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following y�;�
<br /> ��, descr'bed reai estate,situated in Hall County,Nebraska:
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<br /> � LOT TWO (2) IN BLOCK FOURTEEN (14) IN BAKER'S "
<br /> ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA. '„�'
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<br /> � Subject to a prior mortgage to the mortgagee ts
<br /> : herein in the principal amount of $15,000.00, : �;
<br /> j dated January 31, 1978. �� � ��
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<br /> � � ether with all the tmements,hereditaments and a �, w��'
<br /> �B ppurtenances thercunro belonging,including attached floor cowrings,all window screens, ��?
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and waterequipment and acceasories thereto,pumps,stoves, > - ��
<br /> rcCrigerators,and other futtures and equipment now or hereaFter attached to or uxd in connection with said real estate. � *.; �, �F
<br /> � � And whereas the said mort or has a eed and doeshereb a � � s �;� j�. :
<br /> .j� gag gr y gree that the mortgagor shall and will pay all taxes and asaes�nents levied or ; �. �,
<br /> } assessed upon said premises and upon this mortgage and the bond secured th�rp�jy 5�ore the same shall become delinqumt;to furnish approwd ����"
<br /> �, a�surance�upon the buildings on said pretnises situated in the sum of S 5 a uuu•�u payable to said ASSOCIATION and to deliver to seid �� �+N
<br /> � � ASSOCIATION the policies for said insurana;and not to commit or permit any waste on or about said premixs; � :, n�.�
<br /> In case of defauit in[he performance of any oF the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall, � )���
<br /> � �on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the i :,.`y.�e+�� �:�
<br /> mortgagee all the rents,revmues and income to be derived from the mortgaged premius during such time as the mortgage indehtedness shall remain �t,�
<br /> � unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairtng said premises and renting. "� r Y7�s�
<br /> the same and collecting ihe�ronts,revenues and income,and it may pay out of said inrnme all expenus of repairing said pnmixs and aeceuaty
<br /> . eommissiona and expenses incurrod in renting and managing the same and of collecting rentals therefrom; the balance remaining,if any,to br �''
<br /> � �applied�toward the discharge of said mortgage indebtedness;thex rights of the mortgagee may be exercised at any time during the existence oC such � �` � ���
<br /> default,.'vrespective of any temporary waiver of the sama ,�i,s..
<br /> � � These Presenu,however,are upon the Condition,7'hat if the said Mortgagor shall repay said loan on or before the meturity of said shares by '�'>
<br /> paymrnt;pay monthly to said ASSOCIAT[ON of the sum specified in the Bond ucured hercby as intuest and principal on said loan,on or before ���
<br /> . � the TwentietH day of each and every month,until said loan is fully paid:pay all taxes and asussments levied against said�premius and on this MoRgagr � . :;r
<br /> �� �� aad the Bond�secured thereby,before delinquency;furnish approved insurance upon the bulldings thereon in the sum of S rJ��Q�.�� payable �
<br /> � to�said.ASSOCIATION;repay to said ASSOC[ATION upon demand all money by it paid for:uch taxes,asseuments and insuranee with interest at � '
<br /> � the ma�cimum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay:permit no waste on said premixs;keep and compiy �
<br /> � � wilh al1 the�agreemrnts and conditions of the Bond for S 5,Q��•0� this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> . with�aU the cequiremenu ot the Constitution and By-Laws of said ASSOCIATION;then these prcunts shall bemme null and wid,otherwite they
<br /> �{ � shall rertnin in full foru and may be forecloud at the option of the said ASSOCIpTION after failum For three months to 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 condltions of said Bond; �
<br /> � aad�Morigagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. '
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<br /> � If�there is any change in ownership oF the real estate mortgaged herein,by sale or otherwise,thrn the entire ren�g indebteMes�henby
<br /> �� . secured shaU,at the option of The Equitabte Building and Loan Association of Grand Island,Nebraska,become immediately due and paysble without
<br /> .� � . �further notix,end the amount remaining due under said bond,and any othu bond for any additional advances made thercundtt,ahall,from the
<br /> � ��date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be forcdoud to satisfy the unount due on ssid . �
<br /> 1 � . � �bond,and any other bond for additional advances,together with all sums paid by said The Equitable Bu�7ding and Loan Association of Grand Island, � � -
<br /> 1 � � Nebraaka for fnswance,taxes and assesvments,and abstracting extension charges,with interest thereon, from date of payment at the maximum
<br /> legil rate:
<br /> � � � �As_provided in the Bond secured hereby,while this moztgage remains in efCect the mortgagee may hereafter advana additional sums to the �
<br /> .� � . maken of said Bond,their aaigns or successors in intmest,which sums shall be within the ucurity of ihis mortgage the same as the funds originally
<br /> j � ��- 'secured thereby,�the total amount of principal debt not to exaed at any time t}u originat amount of this mortgage. �
<br /> 1 Dasea ct� 7th. a,y oe February q.D.,19�8
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<br />�; 1 1 T as
<br /> t Rosi:e Ka11os '
<br /> STATE,OF NEBRASKA,�as On this 7 7th. �Y�f T .
<br /> couNrY oFftwi,t, February i9 78 .beforc me, ��,,,, - f
<br /> . { � � �� the under�ed,a Noary Pubde in and for ssid Counry,perwnaUy came . :
<br /> , Nick;KalTos and:Rosie Kallos, each in his and her own right and asW�gouse of each�ther � �:",,;� � �;
<br /> s . ,;: ..` ..-- are verso� y icnow�co
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<br /> rt �me to be Uu identical perwn'S whoae name 5 are at7'ixed to the above tnstrumeni'ss mort or 5 and th ey severslly �q��, ��;
<br /> actcnowie a:ne wa�enune��co ue thei r ��
<br /> � .rot�„�wy ea�a aaa. ����,
<br /> WiTNESS mY haad and Notariat Seal the data afonsaid. . � ,..r„� z
<br /> MyCommission ' � �-CENEp11tROtA5Y-8puotl[�Matlul� . . .
<br /> � JOY�M:BEAZLEY:�. N Pu �
<br /> . , �.:.s�i.ax iu �. �. �� : � . `MY Comm.�ExP.SePL 1,�1981' /. � �� ..
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