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A Filed'fo reoage
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<br />V Je Fi�h�r,R©giater of Deeds,.
<br />Hall County,:Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN N0: L 21 ,541 •
<br />KNOW ALL MEN BY THESE PRESENTS: That James 'A. Novotne and Mary P. Nbyotne,� e'ac'h i n his . and
<br />h& own' ri g ht and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty-eight Thousand and No/100--------------- ------------------------------- -------- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 280.' shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 9541 , do hereby grant, convey and mortgage unto the said'ASSOCIATION- the following
<br />described real estate, situated -in Hall County, Nebraska:
<br />LOT SIXTEEN (16) IN BLOCK THREE (3) LAKE DAVIS
<br />ACRES SUBDIVISION IN THE NORTH*HALF OF THE NE4 OF
<br />SECTION 24, TOWNSHIP 11 NORTH, RANGE NINE (9) WEST
<br />OF THE 6TH P.M., 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 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 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 28 9000.00 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 for the 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 sum of S 28 , 000.00 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 28 , 000.00 this day given by the said Mortgagor io 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, 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 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 />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 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 />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dated this rd day of Apri 1 A.D., 19 75
<br />mes A. Novotne Mary Pi7 Novotne
<br />STATE OF NEBRASKA, ss On this 3rd day of April 19 ]5 , before me,
<br />COUNTY OF HALL
<br />the undersigned a Notary Public in and for said County, personally came
<br />James Novotne and Mary P. Novotne, each in his and her own right and as spouse of
<br />e who are personally known to
<br />P S whose name s are affixed to the above instrument as mortgagor S and they severally
<br />�+ their o nta act and deed.
<br />� n �i% e�ged the s+8 #pstr ent to be y lu ry
<br />NOT AkWI band and Notarial Seal the date aforesaid. ,1
<br />GOG4A-�fSgg1�
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<br />'EX al m on expires
<br />J' v'�GCUo 1, ti°'4*� t . Notary Public
<br />3 •4'•4�uY�. �Q
<br />FOF NEB�PS
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