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<br />RE.RECORDED
<br />88-102824
<br />
<br />88- 102720
<br />
<br />RE.RECOROt'O
<br />88-102934
<br />
<br />MORTGAGE
<br />
<br />MORTGAGE LOAN NO. L
<br />
<br />KNOW ALL MEN BY TlIESE PRESENTS: That Harry W. BulleI'd iek and Elizabeth C. Kat t, each in his
<br />and her own right, and as spouse of each other,
<br />
<br />MortNor, whelbcr one or more, in considcqtion of the IUDI of
<br />Twenty Four Thousand Four Hundred and no/lOa --------------------------------------OOLLARS
<br />
<br />loaned to Aid mortpgor by TIle Equitable Building and Loan Association of Grand Island, Nebraska, MortlllP, upon 244 sIwa of Itod:: of
<br />Aid ASSOCIATION, Certificate No. 1 ,do hereby grant, convey and mortgage unto the said ASSOCIATION tile foUowin&
<br />desc:ribc~ real aaitc, situaled in Han County, Nebraska:
<br />
<br />i
<br />;
<br />,.j
<br />
<br />~he Southerly Sixty Six and Five Tenths (66.5) Feet of Lot Five (5), in Block One Hundced
<br />Four (104), in Koenig and Wiebe's Addition to the City of Grand Island, Hall County,
<br />Nebraska.
<br />
<br />toselbcr with aU lbc tenements, hereditaments and appurtenances Ihereunlo belonging, including attached Door coverinp, all window screens,
<br />window shades, blinds, IItOnD windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories lbcreto, pumpa, stoves,
<br />refriFraton, and other fixtures and equipment now or hereaferr allached to or used in connection with said real estate.
<br />
<br />. And whereas the said mort(!ligor has agreed IUId docs hereby agree that the mortgagor shall and will pay all taxes and _nb IeYied or
<br />~ upon Aid premixs and upon this mortgage and Ihe bond ..cured thercbx before the same shaJ1 become delinquent; to furni:lh approved
<br />insurance upon lbc buildifi&S on said plemiset .ituated in the sum of S 24 ,400. uO payable to said ASSOCIATION and to deliwr to said
<br />ASSOCIATION the policies for said insurance; and nOI 10 commit or permil any waste on or aboul said premises;
<br />
<br />In cu: of default in the performance of any of the lelms and conditions of this mortgaze or the bond secured hereby, the G:lXt.... shall,
<br />on demand, he entitled to immediate possession of the IIIOrt(!liged prenmcs and the mor1(!ligor hereby assiglu, transfen and acta OWl 10 the
<br />IlKlrtJIIee all the rents, reveoues and income 10 he deri""d from tbe moltgaged prcmixs durilltl such time as lbc mort(!llF indebt.cdnea shall ranain
<br />unpaid; and t,he mort(!ll8ei! shall haw the powel to appoint any agent 01 agenls it may desire fOI the pwpose of repairin& said pn:milcl and n:ntiD&
<br />lbc lime and collecting the reOlS, revenues and Income, and il lOlly payout of said income aU ellpellJCS of repailinz said prcmilel uulllecelllJY
<br />commissions and expenses incwred in renling and managing Ihe $.'Ime and of collecting rcnlals therefrom: tile balance remainIns, if any. to be
<br />&1IPIied toward the discharge of said mortgage indebtedness; Ihe"" I ights of Ihe mortgagee lOlly be exercised at any time during the existence of R::m
<br />default, irrespective of any lemporary waiver of the same,
<br />
<br />The1e Presents, hOwevel, ale upon Ihe Condilion, That if Ihe said Mortgaglll shall repay said loan on or hefore the maturity of Aid shan:s by
<br />payment; pay monthly 10 said ASSOCIATION of Ihe sum specirled in the Bond secured hereby as intereSI and principal on aid loan, 011 or before
<br />the Twentieth <lay of each and C'lery month, unlil said loan is full)' paid: pay all taxes and assessmenl.levied agoinu said premiIcI and on lhia Mortpp
<br />
<br />and the Bond secured lhereby, before delinquency; fwnish approved insurance upon .lte buildings thereon in the sum of S 24,400,00 payable
<br />to said ASSOCIATION; lepay to said ASSOCIATION upon demand all money by it paid for such laxes, asselSlllCnts and insurance with interest at
<br />the maximum Ie(!lil rale .hereon from dale of payme01 all of wbich Mortgagor hereby agree. to pay; permit no waste on said premiJcl; keep and comply
<br />
<br />with all the agreements and conditions of the Bond for S 24,400.00 lhis day given by the said Mortgagor to said ASSOCIATION. ~ comply
<br />with a1llbc requirements of Ihe Constitulion and By,L.awa of said ASSOCIATION; then these presenls sha1I hecome null and wid,othuwise they
<br />sluill remain in full force and may he forccloted at the oplion of Ihe said ASSOCIATION after failure for Ihree months to make any of said
<br />pa~menU or he three monlhs in arrears in m.lking said monthly paymenls, 01 to keep and comply with the IIIICCments and co!;ditions of said Bond:
<br />and Mort(!ligor agrees 10 have a leceive. appointed forthwilh in such foreclosule proceedinp.
<br />
<br />If there is any change in ownership of the real estale mortPBCd herein, by saJe or OthelW..... then the entire remainin& i~ hereby
<br />lICl:ured 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 lbc lIIlIOunt remaining due under said bond, and any other bond for any additional adft1lces made lbcreunder, shaD, from the
<br />date of exercise of said oplion, bear inlerest althe maximum legal rate, and this mort(!ll8C may 1IK n be foreclotcd to IItisfy the amount due on said
<br />bond, and any olher bond fur additional adwnces. tOl\Clher with all sums paid by said The Equitable Building and Loan Association of Grand Island.
<br />Nebraska for illlUfance, taxes and assessmenlll, and abstracting extension charges, with intclesl thereon, from date of payment at the maximum
<br />lepll'llte.
<br />
<br />I!S provided in the Bond seculed heleby, while Ihis mOrlgage lemains in effect the mortgagee may hereafter ad\'IDce additiOlllI sums 10 the
<br />mikcrs of said Iklnd, their assigns or successors in interes1 . which SUlIIS shall be within Ihe security of this mort(!lige the same as the funds oriainally
<br />secured theRby, the totallllllOunl of principal deb I 00110 exceed at any lime lhe original amount of thi! mort(!lige,
<br />
<br />day of May A, D., 19 88
<br />
<br />
<br />STATI! Of NI:BRASKA,I
<br />lIS.
<br />COUNTY or: HALL
<br />
<br />On this
<br />
<br />26th
<br />
<br />day of
<br />
<br />May
<br />
<br />19 88 ,befOl'lllllll,
<br />
<br />-
<br />
<br />Ihe undersigned, a Notary l'ubllc In and for said County, penonaUy Cftmc
<br />
<br />Harry W. Bullcrdiek and Elizabeth C, Katt, each in his and_ her who are penonally known to
<br />ololn r i&ht, nnd as spouse of each other, // )
<br />me 10 be lhe Wenti.cal penon s whose name 5 are affixed 10 the above iJ\s~fllcnl as 1l~II!W!:or S Rlld the y ":,1 sewrally
<br />
<br />adtor".,lecleed tire said Instllunent 10 be t hc i. r voluntary act Dnd deed, (/ , /
<br />W1'fNI!SS my hand and Nolallal Seallhe date doreuid. ......
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