|
.for recor 9.7 at �1; �' 2.i: , in o6k—
<br />Filed�7D
<br />r .tif77Zs-,� c� Pale
<br />�t v 3- Jean Fisher; Register of Deeds,
<br />MORTGAGE --ilCROf►�1Efr Hall County, Nebraska
<br />MORTGAGE LOAN NO. -L 21,57:73
<br />KWON ALL MEN BY THESE PRESENTS: That Edward A. Kolar, Jr and Donna B. Kolar, each in his - and
<br />her' own ` ri.ght and as spouse of -each Other, Mortgagor, whether one or more, in consideration of the sum'of
<br />Thirty Thousand Five Hundred and No/100----------------------=--------------=------DOLLARS
<br />loaned to said mortgagor by The .Equitable Building anis Loan Association of Grand Island, Nebraska, Mortgagee, upon 305 shares of stock of
<br />said ASSOCIATION; Certificate No._L 21 2773 , do.hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT•EIGHTEEN (18), IN WESTERN'.HE.IGHTS SECOND
<br />SUBDIVISION, 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 shalland will pay all taxes and assessments levied or
<br />assessed upon said. premises and upon this mortgage and the bond securedthereby before the same shall become delinquent; to furnish, approved
<br />insurance upon ilia buildings on said premises situated in the sum of S 3Q , 500.00payable, 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 30.,'500 . 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 tine agreements and conditions of the Bond for S 30 , 500.00 this day given { y 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 aiid comply with tlie -agree ments 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 Buildirig and Loan Association of Grand Island, Nebraska, becomeimmediately 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 tite
<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 makinium
<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 />•D.Red this 8thof 'August A. D., 19 75
<br />L_ CA C-7 - -I --C,
<br />Edward Ko ar, Jr. Uonna B. oar
<br />STATE OF NEBRASKA, 2 ss. On this l 8th day of August 19 75 , before me,
<br />COUNTY OF HALL J(
<br />the u`dgrsigned, a Notary Public ir1 a d for sai County, personally game
<br />Edward A. Kolar, Jr. and Donna B.'Kolar, each in his and her own rig�it as spouse OT each
<br />other, who are personally known to
<br />me to be the identical'person S whose name s : are affixed to the above instrument as mortgagor S and they severally
<br />ackn wledged-ilie said instrffid-i i f6'bOLSthei r ' voluntary act and deed.
<br />1-� "ni'--ni ntnTnv
<br />WITNESS -
<br />and Nbtyaria Seal the date aforesaid. _
<br />or Nebraska
<br />My COmmissioll•,expires xpI res /
<br />I" (4ovember 1975 C.
<br />3-73-2M Notary Public
<br />
|