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ecor M., in ook.
<br />0099.69 0 Page
<br />f Register of Deeds,
<br />MORTGAGE Hall CountY, Nebraska
<br />MORTGAGE LOAN No. L 21 762 MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That Robert L. Partaka,.a,sing . le person, and Cynthia K.
<br />Papke, a si.ngle- person,
<br />Sixteen Thousand and No/100 ------------------------ kprtZa eja ansideration of the sum of
<br />.g2r, whether one or m
<br />!IqF— — — — — — — — — — —
<br />DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 160 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 76%MGI C , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Ne raska: a
<br />LOT FOUR (4), IN BLOCK NINE (9), IN SCHIMMER'S
<br />ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA.
<br />together with all tile tenements, hereditaments and appurtenances thereunto belonging, I including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thercto, 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 secuieg t6br6by&fore the same sliall become delinquent; 1to furnish approved
<br />insurance upon the buildings oil said premises situated in the sum of S 2 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; I
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured liereby,'the mortgagee shall,
<br />on demand, be' entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers afid 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 bal'ance 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 �he existence ofsuch
<br />default, irrespective *of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor sliall repay said loan on or before the rnatur r ity 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 16 , 000. 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 the agreements and conditions of the Bond for S 16 0. ti i day given - by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of 159RS90"C' IATs ION; 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 con-ditions 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 i.ndebtedness hereby
<br />secured shall, at the option ofThe Equitable Buildingand Loan Association'of Grand Island, Nebraska, become immediately due:and payable without
<br />further notice, and tile amount remaining due under said bond, and any other bond for any additional advances made theredrider, 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 />I 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 fimds 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 14th day of August A?R.v 1975
<br />J
<br />K. Papke j KODeTZ L. raTtdKdv
<br />Cyntyia
<br />STATE OF NEBRASKA, ss.
<br />COUNTY OF HALL
<br />Robert L. Partaka,
<br />On this 14th day of August
<br />I . 9 75 'beforeme,
<br />the undersigned, a Notary Public in and for said County, personally came
<br />a single person, and Cynthia K. Papke, a single- erson,
<br />w Plo are personally known to
<br />eVUbM I person S whose names are affixed to the above instrument as mortgagor S and they severally
<br />V45 sa instrumenttobe their voluntary act and deed.
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