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<br /> 78_ UU11��
<br /> MORTGAGE
<br /> � � MORTC,AGE LOAN NO. L 23 a OZ4 MGI C � .
<br /> '`., IQVOWALLMENBYTHESEPRESEN7'S:That Richard L. Molacek, a single person
<br /> �' Mortgagor,whether one or more_in wntideration of the sum of ,'� '.;���,
<br /> Twenty Thousand Seven Hundred and No/100----------- _________
<br /> DOLLARS
<br /> loaned to said mortgagor by The Equitable Building and Luan Association of Grand Island,Nebraska,Mortgagee,upon 20� shsres of stock of �
<br /> said ASSOCIATION, Certifipte No.L 2$�024 MGIf�o hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> described reai estate,situated in Hall County,Nebraska: �� .
<br /> LOT SEVEN (7J IN FRACTIOIYRL BLOCK FOUR (4) OF
<br /> ; GILBERT'S SECOND ADDITION TO GRAND ISLAND, HALL COUNTY,
<br /> s
<br /> j NEBRASKA.
<br /> F
<br /> : j 3 }�
<br /> � together with all the tenemrnts,hereditaments and uppurtenances thereunto belonging, including attached floor coverings,all window screens,
<br /> .-1 window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> �rcfiigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br /> . � Md whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br /> . asseued upon said premises and upon this mortgage and the bond sec d S.�gr b efore the same sha11 become delinquent;to furnish approved
<br /> � � insurance upon the buildings on said premises situated in the sum of b��s/U�.�� payabie ro said ASSOCIATION and to deliver to said ' �
<br /> �) � ASSOCIA710N the policies for said insurance;and not to commit or permit any waste on or about said premiser, �
<br /> ! . � In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall, � � �
<br /> o�demand,be entiHed to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the �
<br /> � mortgagee all the cents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedneu shall remain �
<br /> uupaid;and the mortgagee sha11 have the power to appoint any xgent or agents it may desire for[he purpose of repairing said premises and rmting �
<br /> ' the same and colketing the rents,revmues and income,and it may pay out of said income all expenses of repairing said premixs and necessary
<br /> ; rnmmissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining,if any,to be
<br /> applied toward the dixharge of said mongage indebtedness:theu rights of the mortgagee may be exercised at any time during the existence of such -
<br /> ����{ default,irrespective of any temporary waiver of thc same. � � � �
<br /> ..� These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or beFore the maturity of said shares by � � �
<br /> payment;pay monthly to said ASSOCIATION of the sum speciFed in the Bond secured he�eby as interest and principa�on said loan,on or before
<br /> the Twentieth day of each and every month,until said loan is Fully paid;pay aU taxes and assessmmts 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 5 Z�.7��.00 payable �
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interai at � � �
<br /> the maximum legal rate ihereon from date of payment all of which Mortgagor hercby agrees to pay;permit no waste on said premises•keep and comply � � � � �
<br /> -�j with aIl the agreements and wnditions of the Bond for 52�.7��.�0 this day given by the said M1iortgagor tu said ASSOCIAT[ON,and comply � ��.
<br /> a with all the requirements of the Constitution and ByLaws of said ASSOCIAT(ON;then these presents shall become null and void,otherwix they
<br /> :-p' � shall remain in full fora and may be forccloud at the option of the said ASSOCIATION after failure for three months to make any of said �
<br /> `�t payments or be thrce months in arrears in making said monthly payments,or ro keep and comply with the agreements and conditions ot said Bond;
<br /> ',I and Mortgagor 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 ur utherwix,then the entire remaining indebtedness hercby � - � � �
<br /> ��� secured shall,at the option of The Equitable Building and Loan Association of Grand Is1and,Nebraska,become immediately due andpayable without � -
<br /> ':�j, further notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the
<br /> ' date ot exercise of said uption,bear interest at the maacimum legal rate,and this mortgage may then be forcdosed 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 Crsnd Island, � � � �
<br /> `�s Nebraaka for insurance,taxes and assessments,and abstracting extmsion charges, with interest thereon, from date of payment at the maximum �
<br /> legal rata . � . .
<br /> As provided in the Bond secured hereby,while this mortgage remains in effect the mortgegee may hereafter advance edditional sums to the
<br /> � �� makers of said Bond,their assigns or successors in interest,which sums shall be within the security of this mortgage the same as the funds originally �
<br /> .�� � aeeurcd thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgaga .�
<br /> t �ua�t� 3rd aay or March A.D.,iy 7g
<br /> � � .dC// ��
<br /> ' eei c ar . o ac
<br /> ` STATE OF NEBRASKA,i
<br /> ¢ COI7NTY OF HAI,L j�� �°�a 3rd day of March 197$ ,before me, "M; `
<br />_� ,{ '
<br /> �; . . ` the undenigned,a Notary Public in and for said County,personally came �
<br /> � Rfi�chard L. Molacek, a single person �
<br /> ,� �y MC � � � `ih� �5 p��sOnally known to
<br /> W�SbKl,�. raon whose name 7 5 affixed to the above instrumrnt as mortgagor and he '
<br /> :� aeJ�tipy�l�ge�9�Said umeot to be F17 5 ro�� ��
<br /> � . . tary act and deed. �";'
<br /> -��NOTARY mY hand and Notarial Seal the date aPoresaid.
<br /> ,� �'�t �COh�MISStON�y�' ' .•. :{Y,�I .
<br /> ; �j�� .y o asion expires �1�,�, _. _1/�,r `�n D , � .
<br /> � �.•� 980..� U.a.q,�\vpn �
<br /> •3:�1 t �Q�� � V tary Public �
<br />,;; �Of NEa�PS 1
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