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Filed for record.�� �5
<br />MICROFIth4E0 of , Page �o
<br />U Q'Q v ej V Je&i Fisher, Register of Deeds,
<br />Hall County;•Nebraska .
<br />MORTGAGE.
<br />MORTGAGE LOAN NO. L21 , 764.. MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That -' Gl en E. McKoski and Diana L. McKos ki , each in his and'
<br />her own right and as spouse of the.other,
<br />• Mortgagor, whether one or more, in consideration of the sum of
<br />Thirty Seven Thousand Seven Hundred and No/100-----------------------------------=-DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 377 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,764 MGI•C.,'do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska;
<br />LOT EIGHT (8) FREEDOM ACRES SUBDIVISION, 'HALL COUNTY
<br />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 bondsecured thereby before the same shall become delinquent; to furnislt:approbed
<br />insurance upon the buildings on said premises situated in the sum of S 37 , 700.00 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 Nlortgage
<br />and tlie' Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S�7 700 , 00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments an m'surance 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 37 700.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws o?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 tlre=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 sutras 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 1 14 �j day of August A. Dl,A9 75
<br />Glen E. McKoski Diana L. McKoski
<br />STATE OF NEBRASKA, ss. On this 14th day of August 19 75 , before me,
<br />COUNTY Or HALL
<br />the undersiped, a Notary Public in and for said County, personally came
<br />Glen E. McKoski and Diana L. McKoski, each in his and her own right and as spouse .of the
<br />other, who are personally known to
<br />me to be the identical person S whose name S are affixed to the above
<br />^cknowledged_tlte-saiddristsume thei r voluntary act and deed.
<br />JqWr'Ir SWI Nlid a d Notarial Seal the date aforesaid.
<br />GENEi%AL NO SWI
<br />I SiN(y. Qgm1ni;si0A&Xpi es
<br />r.ry C mnrnisslon Ex.0 es —
<br />�3yJ.3c2M-- �7o_Jembar 12, 11 /
<br />0/
<br />mortgagors and they severally
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