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<br />MORTGAGE. LOAN NO. x' 2.484 0.
<br />V40W ALL MINI BY THFSE PlZFSENn: That David L. Walkowiak and Mary K. Walkowiak, each in his
<br />and her own right and as spouse of each other, Mortgagor. whether am or same, in coaddetadme of due toss of
<br />Fkf t n sled and noo& Q0 --------------------------- --------------
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<br />leaned to sad mortgagor by The Equitable Built and Iran Astttiatiol of Grand Island Nebraln, Mortgagee, UPON 150 *am of tdet* of
<br />sad ASSOCIATION, Certificate No. L 24840 , do hereby Brant, convey and mortgage unto the mid ASSOCIATION the following
<br />described read Mate, Wanted in Hall County, Nebraska:
<br />Lot Five (5), Block Fifteen (15), in SchinImer's Addition to the
<br />City of Grand Islam, Hall County, Nebraska,
<br />together with an the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window fides, blinds, worm windows, awnings, heating, au conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />ssfrissratos, sod other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereat the sad moirtgagin has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments Levied or
<br />asse acrd upon said premiars and upon this mrrtgage and the bond secuft,e t�OgbyO i lime the same shall become delinquent; to furnish approved
<br />insurance upim the buildings on said premises situated in the sum of S l r U payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for sad insurance; and not to commit or permit any waste on or about said premises;
<br />In cue of default in the performance of any Of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortg4 w hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premies during such time as the mortgage indebtedness shall ramem
<br />unpaid; and the mcrtg It dap have the power to appoint any agent or agents it may desire for the purpose of repairing mid promises and renting
<br />the tame: and collectug the rants, tevemucs said mcone, and it may gay out of said income all expenses of repairing said promos" and necessary
<br />commissions and expenses intwrod in tenting and the same and of collecting rentals therefrom; the balance rematiniag, if any, to be
<br />sissified toward the discharge of said mortgage milebtedness; these rights of the mortgagee may be exercised at any time during the existence of such
<br />irtawdive of any temporary waiver of the saute.
<br />Thew Presents, however, are upon the Condition j`hat if the said Mortgagor shall relay said Man on or before the maturity of said shoes by
<br />paymrmt; pay monthly to said ASSOCI ATION of the run specified in the Soond secured hereby as interest and principal on said ban, on or before
<br />the Twentieth day of each and every month, until said Man is fully pad; lay all taxes and assessments levied against said promises and rn this Mottgaga
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of $ 15, 000.00 payable
<br />to grid ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maximmin legal rate thereon from date of payment all of which Mortgagor hereby gees to gay; permit no wage on said premises; keep and comply
<br />with ad the agreements and conditions of the Bond for s 15, 000.00 this day given by the mid Mortgagor to said ASSOCIATION, and toughly
<br />with all the requhenneuis of the Constitution and By -Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall rarmen in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to matte 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 fond;
<br />and Mongsr agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any charge in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire retraining indebtedness hereby
<br />satsrad shall, at the option of The Fqudabk Building and Loan Asoci ^tarn of Grand Island, Nebraska,become immediately due and payable without
<br />#anther mice, and the amount remaining due under said bond, and any other bond for any additional advances aide thereunder, shall, from the
<br />dtan of eureaae of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due of said
<br />bond, and my other bond for additional advances, together with all suns laid by said The Equitable Building and Loan Association of Grand Isitmd,
<br />Nebrata for insuratwe. taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sutra 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 />lhereiry, tde t a{ amount Of principal debt neat to exceed at any rime the original anoint of this mortgage.
<br />hated th day of July A. D., 19 87
<br />M,ry K if keiwialk
<br />STAU OF NRWASKA. s. On this 9th day of July 19 87 , before rise,
<br />CCri!!a'Y1P [W h1AL1.
<br />L the udetsffitied, a Notary Public in and for aid County, parantnalty con
<br />id L. Walkowiak and Mary K. Walkowiak, each in his and her own right and as spouse of
<br />o rr wtho are txrxo►aBy known to
<br />each ma to be 00 WMUW poison $ whose MMS are affixed to the above instrument as mortgaBir S and they savanhly
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<br />WrIW#= my hand araid NotstrualSeW the date a&»esaid
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