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Filed forat i.; i 8
<br />of
<br />Jen. lFish r, e.-ister of Deeds,
<br />MORTGAGE 'Erni l ro I n t y, TTPhra cka_
<br />MORTGAGE LOAN NO. L 21 , 515
<br />KNOW ALL MEN BY THESE PRESENTS: That George Joseph SefZik'and Julie Ann SefZik••,• each in his
<br />and her own right and as spouse of each other, Mortgagor,whetherone ormore, inconsideration'ofthe sumof
<br />Fourteen Thousand Three Hundred and No/100----------------------------------------- DOLLARS
<br />loaned to said mortgagor,by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon_ 143 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,515. ,,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />THE -NORTHERLY FORTY FOUR (N44') FEET OF LOT FOUR (4)
<br />.AND THE NORTHERLY FORTY FOUR FEET (N44') OF LOT FIVE (5)
<br />IN BLOCK TWENTY ONE•(21), IN SCHIMMER'S ADDITION TO THE
<br />CITY OF GRAND ISLAND., HALL COUNTY,NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all: window screens,
<br />window shades, blinds, storm windows, awnings, heating, air. conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or licreafter 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 assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved .
<br />insurance upon the buildings on said premises situated in the sum of S 14 ,300.00 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 premises;.
<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 />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, revenues and income to be derived from 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 forthe 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. all expenses of repairing said premises and necessary
<br />commissions 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 discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such '
<br />default, irrespective.of any temporary waiver of the 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 specified in the Bond secured hereby as interest 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 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 sunt of S 14 ,300.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments 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 premises; keep and comply '
<br />with all the agreements and conditions of the Bond for S 14 , 300•. 00 this day given by the -said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed-at,the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three months in arrears in making said monthly payments, onto keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in -such foreclosure proceedings
<br />If there is any change in ownership of the real estate mortgaged herein, by sale.or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan.Association of Grand Island, Nebraska, become immediately due and payable without
<br />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 of exercise of said option, bear interest at the maximum legal rate, and this mortgage,may-then be foreclosed to satisfy the,amount due on said
<br />boed,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 insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment '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 assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />ot to exceed at any time the original amount of this mortgage.
<br />secured thereby, the total amount of principal debt n
<br />Dated this % 13th day of March A. D., 19 75
<br />eo� Jgsep e ziK JN ie Ann Sefzik
<br />STATE Or NEBRASKA, ss. On this 13th day of March 19 75 , before me,
<br />COUNTY OF HALL
<br />the updergned, a Notary Public in and f r said County, personally came
<br />George Joseph Sefzik and Julie Ann Sefzik, each in Nis and her own rig�t and as spouse of
<br />edch who are personally known to
<br />me c ift(� nS whose name s are affixed to the above instrument as mortgagor s and they severally
<br />nowjeI'7istr ent to be their voluntary act and deed.
<br />WI h1 SS r hand and Notarial Seal the date aforesaid.
<br />t C O - ccN13 CoHtiitts on expires 1
<br />otary Public
<br />l�• OF
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