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File for record ' 1 /97�at� 456�• + Boo
<br />of 4—: page- ar. -- .
<br />i ,, , .•, Je Fisher, Register of Deeds,;
<br />MORTGAGE Hall County, Nebraska,
<br />MORTGAGELOANNO. L 21,542'
<br />\� KNOW ALL MEN BY THESE PRESENTS: That Ed Kolar, Jr.. and Donna B . Kolar, each in his. and her
<br />V
<br />own right and as spouse" o f each other', Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty-seven Thousand Five Hundred and No/100 -------------- -------------------- -- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 275 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,542 , do hereby grant, convey and mortgage unto .the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT SEVENTEEN (17) WESTERN HEIGHTS SUBDIVISION,
<br />IN HALL COUNTY, NEBRASKA.
<br />together with all the tenements, liereditaments 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 indhe sum of s 27 , 500.00 payable to said ASSOCIATION and to deliver 3o 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 27 , 500.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by iCpaid 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 27 ; 500.00 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, 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 the original amount of this mortgage.
<br />Dat his 4 h y of April A. n.;1975
<br />,13
<br />Ed o r, r. :Donna B. Kolar '
<br />STATE OFNEBRASKA, ss. On this 4th day of April 19:7 5 , before me,
<br />COUNTY OF EIALL'
<br />the undersigned, a Notary Public in and for said County,yersonally came
<br />'Ed-Kolar.Jr..and Donna B. Kolar, each in his and her own right and as spouse of each
<br />other , who are personally known to
<br />me to be the identical personS• whose name S are affixed to the above instrument as mortgagor and they ' severally
<br />cknowle ed the said.jAMgt;hVo� ,(yt;OpN t eir voluntary act and deed.
<br />1NTRNSfrtSjl,li3'n't(1at{itMo anal Seal the date aforesaid.
<br />i Stntc. o NaarpSkA
<br />` i�overribCmL r /; 4 Notary Public,
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