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<br />88-
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<br />1U1036
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<br />MORTGAGE
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<br />MORTGAGE LOAN NO, L 24990
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<br />ADD'L
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<br />KNOW ALL MEN BY THESE PRESENTS' That Donald J. Urbanski and Lois J. Urbanski, each in his and
<br />her own right, and as spouse of each other,
<br />
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Sixteen Thousand Seven Hundred and no/IOO -----------------------------------------OOLLARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Loan k<:ociation of Grand Island, Nebraska, Mortgagee, upon 167 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24990 ADDL do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hal! County, Nebraska:
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<br />Lot Three (3), in Block Twenty-Four (24), Packer and Barr's Second Addition to the City of
<br />Grand Island, Hall County, Nebraska.
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<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, biinds, stonn 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.
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<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessment~ levied or
<br />assessed upon said p/emises and upon this mortgage and the bond seemed thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 16 , 700 . UO 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;
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<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond se<.ured 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 de/ived from the mortgaged premises during such time as the mOrlgaJ\e 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 payout of said income all expenses of repairing said premises and nec:e!aIy
<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 diseharge 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.
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<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 MortPlll
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<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the mm of$ 16,700.00 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
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<br />with all the agreements and conditions of the Bond for S 1 6 , 700 . 00 this day given by the said Mortgagor to llIid ASSOCI A TION. and comply
<br />with all the requirements of the Constitution and By-Laws of said ASSOCIATION; then these presents shall become null and void,otherwlte they
<br />shall remain in full force and may be foreclosed at the option of the said ASSOCIA nON 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,
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<br />If there is any change in ownenhip 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 2nd ~yab\e without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shaU, 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 F.quitable Building and Loan Association of Grand Island,
<br />Nebrasb for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
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<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 10 exceed at any time the original amount of this mortgage.
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<br />o Dated this 26th day of February A,n,,1988
<br />
<br />
<br />~~r
<br />Lois . Urbanski
<br />STATE OF NEBRASKA, l 51, On this 26th day of February 19 88 be~
<br />COUNTY OF IIALL ~ ' ore me.
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<br />l
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<br />the undersigned, a Notary Public in and for said County, personally came
<br />each in his and her own
<br />who are
<br />
<br />Donald J. Urbanski and Lois J. Urbanski,
<br />right, and as spouse of each other,
<br />me 'to be the identical person s whose lIame S a re affixed to the above instrwnent as mortgagor s
<br />
<br />acknowled~d the said ill5lrument to be the i r voluntary act and deed.
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<br />WITNESS my hand and Notarial Seallhe date aforesaid.
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<br />My Commis.~jlln expi/cs / / - ,,;? ~- - r.P !
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<br />personally known to
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<br />they
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<br />and
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<br />severally
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<br />NOlary Public
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<br />JQI\NHI Q, ROUSH
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