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<br />88- 100908
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<br />MORTGAGE
<br />
<br />r
<br />
<br />MORTGAGE LOAN NO. L
<br />
<br />24989
<br />
<br />KNOW ALl MEN BY THESE PRESENTS: That Adrian J. Lewandowski and Verna D. Lewandowski, each
<br />his and her own right, and as spouse of each other,
<br />
<br />~n
<br />
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Forty Five Thousand Six Hundred and no/IOO -------------------.------------------~~DOLLARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Loan Association of (;rand Island, Nebraska, Mortgagee, upon 456 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24989 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate. situated in Hall County, Nebraska:
<br />
<br />Lot Six (6) and the Easterly One-Half of Lot Seven (7), in Block Two (2), in Parkhill
<br />Subdivision, an Addition to the City 0: Grand Island, Hall County, Nebraska.
<br />
<br />together with all the tenements. hereditamems and appurtenances thereumo belongmg, including attached lloor coverings, all window screem,
<br />window shades, blinds, storm windows, awnings, heating, all conditioning, and plumbing and water equipment and accessories thereto,pumps,s,o'lcs,
<br />refrigerators, and other fixtures and equipment now or hereafter allached to or uscd rn connection with said real estate.
<br />
<br />And whereas the said mortgagor has agreed and docs hereby agree that the rmlllgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond scc,uLed tbs:,reb.\O. before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on saId premlscs situated in the sum of S4), 60u, U payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to corl1ll1lt or perllllt any waste on or about said premises,
<br />
<br />In case of default ill the performance of any of the terms and condrtrons of thrs mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged prellllSCS and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and incGme to be derived from the mor tgaged 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 ~nd collecting the rents, revenues and income, and it may payout of said mcome 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 lemaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights uf the mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />
<br />These Presents, however, arc 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 cvery month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 45,600.00 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 />
<br />with all the agreements and conditions of the Bond for S 45,600.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By.Laws of said ASSOCIA nON; then these presents shall become null and void, otherwise they
<br />shall remain in fuli force and may be foreclosed at the option uf 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 />
<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 Islalld, Nebraska , become immediately due and payable without
<br />further notice, and the amount remaining Ilue 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 U1en 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 rale.
<br />
<br />As provided in the Bond secured hereby. while this mortgage remallls in ctTect 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 orrginal amount of this mortgage.
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<br />Dated this 25th day of February
<br />
<br />te74 ~~~~~
<br />,}\dria ~ J:~~n .ws ~ _
<br />7{;;,....f(6(V.y , .?. .(.'.&,,. /5"6;1 €'/;rY((
<br />Verna . Lewan owsk~
<br />
<br />STATEOFNEBRASKA'f ss 25tll
<br />On Ihis
<br />COUNTY OF IIALL
<br />
<br />A. D., 1988
<br />
<br />r-------
<br />
<br />L
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<br />the undersigned, a Notary Public in and for said County, personally came
<br />
<br />Adrian J. Lewandowski and Verna D, Lewandowski, each in his and wl'I>
<br />are personally known to
<br />her own right, and as spouse of each other,
<br />me to be the identical person S whose name s a re affixed to the above instruf1l4as mortgagor S
<br />
<br />acknowledged the said rnstrument to be the i r voluntary acl ilnd deed. I
<br />
<br />WrINI'SS my hand and Nutarr,,1 Seal the dilte aforesaid /
<br />
<br />My CUllllllt'l.SIOIl ",pITes ifl / ;'(,
<br />
<br />and they
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<br />severally
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<br />
<br />day of
<br />
<br />February
<br />
<br />19 88 ,before me,
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<br />lo.1AlM hi
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<br />_1ItMY_ II
<br />mil. IMIAZLaY
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