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<br />Filed or record
<br />I�ICRofltc:aro of P�.ge
<br />Je� isher; Register of. Deeds,
<br />Hall County, Nebraska':"
<br />MORTGAGE -
<br />MORTGAGE LOAN NO. L . 21 , 743 MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That Jerry' Karnatz and Sandra Karnatz, each. i n his. and her
<br />own Twentight fournd as Thousanduse of each Other, Mort a or Whether one or more, in consideration of thesum'of
<br />Twenty-four Five Hundred'and No/100--------- sg-'-------------------
<br />-DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan -Association of Grand Island, Nebraska, Mortgagee, upon .245 shares of stock of
<br />said ASSOCIATION„ Certificate' No.:L 21 ,743 MGIQ do hereby grant, convey and mortgage unto the said' ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:•`,
<br />THE WESTERLY:SIXTY=ONE FEET (W:61') OF THE'
<br />EASTERLY 'EIGHTY-TWO FEET: (E 82') OF LOT FOUR
<br />(4), IN BLOCK ONE (1), IN 4JESTERHOFF''S FIRST
<br />SUBDIVISION IN THE`CITY OF GRAND ISLAND,'i
<br />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 waierequipmentand accessories tile reto,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 24 , 500.00 ' 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, tlte• mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor he ieliy','assigns, transfers and 'sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises duringsuch time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appointany 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,jf any, to be
<br />applied toward the discharge of' aid mortgage indebtedness; these rights of the mortgagee maybe 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; furnis}l approved insurance upon the buildings thereon in the sum of S 124,500.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION Uiion 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 24 500 , 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, other}vise 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 Tile 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 paymentat 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 31St day of July A Ig 75,111
<br />�Q'tA6n A2
<br />Jerry Ka atz Sandra Tarnatz.
<br />STATE OF NEBRASKA
<br />ss. On this � ��'" day of . fi,� L; 19 _25,before me,
<br />COUNTY OF HALL }
<br />the undersigned, a Notary Public.in and for said County, personally came
<br />Jerry Karnatz and Sandra Kar natz,- ch�`i71 is and her own right and as"spouse of.each
<br />other GA �`�� who are personally known to
<br />e;S;e�` E RafVxeri tlre above instrument as mortgagor s and they severally
<br />me to be the identical person S whose na
<br />acknowledged the said'instrument to be thep vgluptary=t an¢ de6d.
<br />WITNESS my hand and Notar al Sepl theE'd^A-cfo?esaid
<br />My Commission expires'
<br />C.
<br />q ... .•gC.H� / Notary Pubhc
<br />3a3 -2M �T OF f�E
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