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<br />�Je Fisher,:Regis.. " of Deeds,
<br />Hall County, -lie
<br />MORTGAGE .
<br />MORTGAGE LOAN NO. L 21 758
<br />'KNOVVALL MENBYTHESE PRESENTS: That Loren Kastanek and Carol Kastanek,` each .in his and.her
<br />own right and as spouse of the other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty Six Thousand Eight Hundred and No/100---------------------- `----------------- DOLLARS'
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 268 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,758 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, .situated ip Hall County, Nebraska:
<br />LOT EIGHT (8) IN - CAPITAL HEIGHTS SIXTH SUBDIVISION BEING'— f'o`�o�t,SaE
<br />A PART OF THE SOUTHWEST QUARTER (SW,) OF SECTION TWO (2)
<br />TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10) WEST OF THE
<br />6TH P.M., IN 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; stortn windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and othei fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas thq 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 tile -sum of S 26.,800 . 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 lortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 26 800 , O payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interestiat
<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 26 800.00 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 snake 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, fiom 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 />ed this 1 h day of August. A. D., 19 75 i
<br />L ren Kastane Carol-Kastanek
<br />STATE OF NEBRASKA, ss. On this . 12th: _ day of August 19 75 , before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Loren Kastanek and Carol Kastanek, each in his and her own right and as spouse of the other,
<br />who are personally known to
<br />me to be tile'identical person S whose name s are affixed to the above ins ent as mortgagcS, and the severally
<br />acknowledged the said instrument to be their voluntary act and deed.
<br />NITNESS my hand and Notarial Seal the date aforesaid. i
<br />My Commissipn:expires_SON
<br />�31
<br />GENER,"1 NOTARY Notary Public
<br />Sir."'; of i;?o;aska
<br />3.73-2 r..•._._ My Commission Expires
<br />November 12, 1975
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