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<br />TGAGE 87-- 103802
<br />MORTGAGE LOAN NO. L 24,827
<br />KNOW ALL MEN BY THESE PRESENTS: That John Michael Wanek and Bonna B. Wanek, each in his and
<br />her own right and as,,.s�pnouu�se of each other, Mortgagor, whether one or more, in of the of
<br />- 'wty�rswrvi B +n _ ----------- ----- ----- -- ----- ------- - - - - -- — '—DOLLARS
<br />kassatil. said morlog. by The Equitable Bnk1w, and Lout Atau Ulim of Grand Isknd, Nebraska, Mortgaplise, upon 600 Mures of dock of
<br />dad ASSOCIATION, Certificate No. L 24,827 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described need caste, situated in Hall County, Nebraska:
<br />Lot One (1), Riverside Estates Unit II, being a Subdivision of
<br />Lot Forty -Nine (49), Riverside Estates Unit I, an Addition
<br />to the City of Grand Island, Hall County, Nebraska,
<br />together with all the tenements, hereditament& and appurtenances thereunto Wonging, 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 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 shall and will fay all taxes and asaesatrents levied or
<br />armed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 60, 000, 00 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;
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgare 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 />nwftpgft 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 stall have the power to appoint any agent or agents it may desire for the purpose of repairing said promises and renting
<br />the sure and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />comoussions aril exppeenses incurred in renting and managing the same and of collecting rentals therefrom; the balance retraining, 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 of such
<br />default, irrcsItiective of any temporary waiver of the saute.
<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 Mortgage
<br />anal the bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 60, 000.00 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 />with all the agreements and conditions of the Bond for s 60, 000.00 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 ASSOCIATION; then these presents shall become null and void, otherwise they
<br />sag 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 Bond;
<br />and Mortgagor 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 hereby
<br />secured sag, at the option of The Equitable Building and Loan Aauci.tion of Grand Island, Nebraska,become immediately due and payable without
<br />further notice, and the amount renaming due under said bond, and any other bond for any additional advances made thereunder, shag, 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 dux on said
<br />bond, and any offer bond for additional advances, together with all suns paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebtaskis for insurance, taxes and asticamants, and abstracting extension charges, with interest thereon, from date of payment at the rtattimum
<br />legal raw -
<br />As provided in the Bond secured hereby, while this mortgar remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of , their or sucmaess in interest, which sums stall be within the security of this mortgage the same as the funds or*bwly
<br />secured thereby, the total amount of principal de J4 not to exceed at any time the original amount of this mortgage.
<br />this of June A. D., 19 87
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<br />Bonna B. Wildlek
<br />STATE OF NEBRASKA. On this 24th day of June
<br />COUNTY OF HALL
<br />19 87 , before nee,
<br />the wider a Notary Public in and for aaW County, personally cum
<br />Michael and Bonna B. Wanek, each in his and her am right and as spouse of
<br />each other, who are personally known to
<br />ow to be the idnaucal person s whose tame !s are affixed to the above instrument as mianpgor S and they severally
<br />acknowledIfed the mid instrument to be their voluntary act and deed. 1
<br />WITNVSS my stand aid N /otaeal Seal the date aforesaid. n
<br />My C na expi 7j - -a,
<br />Nota P x
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