|
Filed for record2Z_-__v L�
<br />IMICROFIIJ�iED Of in Boo] �7/
<br />7—
<br />Pa,,� 0-
<br />--zr
<br />MORTGAGE -LC,;-' s-zer of Deeds,
<br />MORTGAGE LOAN NO.'L-- `21885
<br />KNOW ALLMEN BY THESE PRESENTS: Tha
<br />t Ed Kolar Jr.. and Donna B. Kolar, each in hiis'and her
<br />own right and as spouse of each other,
<br />Mortgagor, whether one or more, in cofisideration of the sum of
<br />.Thirty-fOL!r Thousand Four Hundred and No/100 ------------------------------------- — DOLLAR�
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 344sharcs of stock of
<br />sai ' d ASSOCIATION, Certificate.No. L 21885 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />Aescribed real estate, situated in Hall County, Nebraska:
<br />LOT TWENTY(20), WESTERN HEIGHTS SECOND
<br />�SUBDIVISION IN HALL COUNTY, NEBRASKA.
<br />together with all the tenements, liereditaments and appurtenances thercunto 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 attaclied'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 tile same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said promises situated in tile sum of S 34 , 400.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit ally waste on or about said premises;
<br />III case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, tile mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to tile
<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 promises 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 re'riting 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 ofstich
<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 oil 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 tli;.s Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insu ' rance upon tile buildings thereon in the sum of S 34 400. 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 Mortpgor hereby agrees to pay; permit no'waste on said premises; keep and comply
<br />w all the agreements and conditions of the Bond for S 34 400 . OgCt I's
<br />i I i day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws oOsaid ASS IATION; then these presents shall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed at the option of tile 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 MoYtgagor 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 licreby
<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 tile amount remaining due under said bond, and any other bond for, any additional a ' dvances made thereunder, shall, from tile
<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 Giand 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 effcct 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 to.tal a lount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dateff tiiis 318 h zday of November A.D.,ig 75
<br />Don-na B. Kolar
<br />Ed Kolar Jr.
<br />STATE OF NEBRASKA, � ss. Onthis 18th day of November 19 75 beforeme,
<br />COUNT)
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Ed Kolar Jr.'and Donna B. Kolar, each in his and her ovin
<br />right and as spouse of each other -
<br />me to be the identical person S whose name S affixed to the above
<br />acknowledged the said instrument to be * their voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the date afore
<br />My Commission exii
<br />711�
<br />-73-21A A GENERAL NOTA .3t Nebr.
<br />3 J.41vi!-S V11. OL N
<br />P�!��,,� Yjy Conirli. Exp. Vov. 12
<br />who are personally known to
<br />as mortgagor S and they severally
<br />
|