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<br /> 7s-(102831 -
<br /> MORTGAGE
<br /> MORTCAGE LOAN NO. L 23,107
<br /> IKNOWALLMENBYTHESEPRESENTS:That Robert L. Kowalski and Loretta E. Kowalski, each l�
<br /> his and her own right and as spouse of each other,
<br /> ' �; ______ Mortgagor_whether one or more,in consideration of[6e sum of � �
<br /> Eiahteen Thousand Five Hundred and No/100--- ---------------�ttatts
<br /> loaned to said mortgagor by The Equitable Building and Luan Association of Grand Island,Nebraska,Mortgagee,upon �$5 shazes of stock of �
<br /> said ASSOCIATION, Certificate No.L 2$�1Q7 ,do hereby grant, convey and mortgage unto the said ASSOC[AT10N the following � � � � �
<br /> �� described rea!atate,situated in Hall County,Ntbraska: . � ,-
<br /> LOT THREE (3) MINOR SUBDII/ISION, HALL COUNTY,
<br /> NEE3RASKA � �
<br /> �_ -
<br /> together with all the tenements, hereditaments and apputtenances thereunto belonging,inctuding attached floor cuverings,all window screens, �
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipmen[and acces:ories thereto,pumps,stoves,
<br /> nGigerators,and other fixtures and equipment now or hereafter attached to or used in cunnection with said real estate_ � .�� �
<br /> And whereas the said mortgagor has agreed and does hereby agree that the mortgegor shall and will pay ali taxes and assessmrnts levied or � �
<br /> asxssed upon said premises and upon this mortgage and the bond secured thereby bcSore the same shall become ddinqurnt;to furnish approved ��
<br /> insurance upon the buildings on said premixs situated in the sum of S �$�5��.U� Payable to said ASSOCIATION and to deliver to said .
<br /> ASSOCIATION the polieies for said insurance;and not to commit or permit any waste on or about said premius;
<br /> In cau of default in t}�e performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall, �� �
<br /> on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> mortgagee all the rents,rcvenues and inwme to be derived from the mortgaged premius during such time as the mortgage indebtedness shall remain
<br /> unpaid;and the mortgagee shall have the power to appoint any agent vr agents it may desire for[he purpose of repairing said premises and renting . �
<br /> the same and collecting the rents,revenues and income,and it may pay out of said income ap expenses of repauing said premixs and neasaary �
<br /> commissions and expenses incurred in rrnting and managing the same and of collecting crntals thercfrom; the balance remaining,if any,to be �
<br /> applied toward the discharge of said mortgage indebiedneu;thex rights of Ihe mortgagee may be exercised at any time during the existence of such � �
<br /> default,irrespective oC any temporary waiver of Ihe sama . , �
<br /> Theu Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shares by � � �
<br /> ;. payment:pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principai on said loan,on or beforc �
<br /> ithe Twentieth day of eech nnd every month,until said loan is fully paid:pay all taxes and assessments levied against said premius and on this Mortgage �� ��
<br /> � and the Bond secured thereby,before delinquency;furnish approved insurana upon the buildings thmeon in the sum of S�$�r'J��.�� payable � �
<br /> � to said ASSOCIATION;repay to said ASSOCIATION upon demand all muney by it paid Cor such taxes,asussments and insurance with interest at �
<br /> ? the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premixs;keep and wmply . �� �
<br /> �� with all the agreements and conditions of the Hond For S�$ SOO.00 «s day given by the said btoRgagor to said ASSOCIATION,and comply � ���
<br /> -,�-i with atl the requiremrnts of the Constitution and By-Laws o�said ASSOCIATION;thm theu presents shall become null and void,otherwise they � . .�
<br /> ��� shall remain in full force and may be Corecloud at the option of the said ASSOCIATION afttr failure for three months to make any of said
<br /> �i 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 /> "�j and Mortgagor agrees to have a receiver appointed forthwith in such foroclosure proceedings � � �
<br /> �-� IC there is any change in ownership of the real estate mortgaged herein,by sale or otherwiu,then the entire remaining indebtedness hereby . . �
<br /> ! secured shall,at the option of The Equitable Building and Loan Aswciation of Grand(sland,Nebraska,become immediately due and payable without � �" '�, ��
<br /> furlher notice,and the amount remaining due under said bond,and any other bond for any additional advanxs made thereunder,shall,from the � '
<br /> date oC exercise u(said option,bear interest at the msximum legal rate,snd this mortgage may then be Foredosed 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 Losn Association of Grand Island, � � �
<br /> Nebraska For insurance,taxes and assessments,and absUacting extrnsion charges, with interest thereon, from date of payment at the maximum � � � �
<br /> '�� legal rata .
<br /> ; As provided in the Bond secured hereby,while tlus mortgage remains in ef@M the mortgagee may hereafter advance additional sums to the
<br /> '�j � maken 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 /> . secured thereby,the total amount of principal debt not to exaed at any time the original amount of this mortgage. � �
<br /> :t
<br /> � a� � �.lt a May �A.D.,19 �$
<br /> � � , c�C �'-'l.?.G��� � �._n s�d��_
<br /> Robert L. owal's i
<br /> , ; _ Loretta E. Kowalski
<br /> t
<br /> S'I'ATE'OF NEBRASKA,�ffi. On this 11 tf1 day of Mdy 19 7$ ,befoze me,
<br /> ,� COUNTY OF HALL .•..c—:-- �
<br /> ti,�� � � � the undersigrxd,a Notary Public in and for sald County,personally came � . „ � ,
<br /> Robert L. Kowalski and Loretta E. Kowalski , each in his and her own right and as spouse 1
<br /> Of' N s who are ��Onally known to J � "y �
<br /> � ��`
<br /> �� � n S � whose name 5 � are �ixed to the above instrument as mottgagor S and they sevecally � ��
<br /> ��a
<br /> cknoyV�ed$�t�e�V, in t to be tFl@�M yoluntary act and deed. �; ��'
<br /> i �� 1K!'I'N y hand and Notarial Seal the date aforesaid. � � ^
<br /> "' ��NOTARY � � � 1 �� � "'
<br /> # �'•� COMMiSS!(�1�� �oqezpires !,Q „
<br /> • EXPIRES � � � �-1 P o
<br /> r t
<br /> .� -�r�lUC�31��qB�S�Q � Notary Public
<br /> Faf NE�� �
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