|
MORTGAGE 87-- 101872
<br />MORTGAGE LOAN NO. L 24,759
<br />KNOW ALL MEN BY THESE PRESENTS: That Gary E. Valasek and Mary G. Valasek, each in his and her
<br />can right and as spouse of each other, Mortgagor, whether one or more, in conskleratfou of the sum of
<br />Thirty -Three Thousand and no /100---------- -- ---- -- ----- - -- ---vOLLARS
<br />leaned to said mortgagor by The Equitable Budding and Loan Association of Grand !shad, Nebraska, Mortgagee, upon 330 shames of stn * of
<br />said ASSOCIATION, Certificate No. L 24,759 do hereby giant. convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Six (6), in sunset Fifth Subdivision, being a part of the North Half
<br />of the Northeast Quarter (N' NE's) of Section Eleven (11), Township
<br />Eleven (11) North, Range Ten (10) West of the 6th P.M., City of Grand
<br />Island, Hail County, Nebraska,
<br />together with all the tenements, hereditaments and appurtenances thereunto belongmg. including attached floor covermrs, aft window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning,and plumbing and waterequipment and ass thereto,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 shalt and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thierebt before the same shall become delinquent; to furnish approved
<br />-
<br />msurance upon the buildings on said premises situated in the sum of S 33r000.00 payable to said ASSOCIATION and to diver to said
<br />ASSOCIATION the policies for said insurance: and not to commit o: permit any waste on or about said premises;
<br />in case of defauh in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />'and
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the rttortgaged premises during such tine as the mortgage indebted ress shall nesraim
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for tin purpose of repairing said presses 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 premiss and necessary
<br />commicsions and expenses incurred in renting and managing the sane and of collecting rentals therefrom; the balance remakihiz if my, to be
<br />- - -
<br />applied towed the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the e;istsnce of surer
<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 on or before the maturity of said stares by
<br />payment. pay monthly to said ASSOCIATION of the sum specified in the Band second 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 />.v
<br />and the Bond secured thereby, before delinquency: furnish approved insurance upon the buildings thereon in the sum of 5 33 , 000.00 payable
<br />u
<br />to said ASSOCIATION; repay t i said ASSOCIATION upon demand all rnoney 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 pray; permit no waste on said premises; keep and comply
<br />- -
<br />with ah the agreements and conditions of the Bond for s 33, 000.00 this dzy given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION; therm these presents shag become null and void, otherwise they
<br />shall retrain 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 conditions of said Bend;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceeding.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise. trust the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Island„ 3ebrasica, become immediately due and payable withour
<br />further notice, and the amount retraining due under said bond, and any other bond for any additional auvances made thereunder, 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 suns paid by said The Equitable Budding and Loan Association of Grand lAmil,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the mats�m
<br />legal rate.
<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 v' finds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />1(1. Dated thn 3rd day o; April A. D- 19 87
<br />Ma G/ Valasek
<br />STATE OF NEBRASKA, C Q On this 3rd day of April 19 37 before me,
<br />,
<br />COUNTY OF HALL 4
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Gary E. Valasek and Mary G. Valasek, each in his and her own right and as spouse o each
<br />)mown
<br />other, are pegs° y to
<br />me to be the identical person S whose name s are affixed to the above instrument as mortgagor s and the, severally -
<br />acknowledged the said instrument to be their voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the date aforesaid.
<br />My Commission expires Em WW#AWY y 1. Y
<br />� �
<br />AL
<br />Notary Pn4Hc- —
<br />f4r+rtMlre w�Ty -
<br />�
<br />I
<br />
|