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NOTGACE 87- 105638
<br />401INGAC-F LOAN NO, -L_ 24299-_
<br />KNOW ALL MEN RYITIPU PRI1.5ENTS: That Frank E, Kolar, an unmarried person,
<br />Sev sateen sand and no/100 ----------------- Morl pe-, whether ma or mere, in of Ow wair of
<br />------DOLLARS
<br />leaned to sairl morippatif by The Filuitable Budding aml Loan Association of Grand Island. Nabriuka,Morrippe, upon 170 doma(094*f
<br />sids! ASSOCIATION, Certificate No, L 24900 , do hereby grant, convey and mortgap unto the said AMOCIATION the fallooring
<br />described real astate. WuotsF4 in Hall County, Nobraska:
<br />Lot Seven (7), Block Forty Five (45), in Russel Wheeler's Addition to the City of
<br />Grand Island, Hall County, Nebraska.
<br />topther with all the tenements, hereditaments and appuriertancei thereunto belonging. including attached floor covrrinp, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, avid plumbing and warcrequiprourt and accessories thereto, pumps, Moves,
<br />refripirmors, and other fixtures and equipment now or hereafter attached to or used in corned ion with said real estate.
<br />And whereas the sod mortgagor has speed and thaw hereby agree that lite mortgagor shall and will pay all taxes and arsessentrats levied or
<br />aseetted upon rand promises and upon this mortgage and The bond secured thereby before the &into " become delinquent; to fun dsh approved
<br />insurance upon the buildings on said prenuacs situated in the sum of S 17. 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 of about said premises,
<br />In caw of default in the peff'ofmance of any of the terms and condones of this mortgage or the botirl secured hereby, the mortgagor shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby astrips, transfers and sets over to the
<br />neortgare all the rents, revenues and income to be derived from the mart promises during such time as the mortgar indebtedness shall remain
<br />unprud. and the mortgagee shall have the power to appoint any agent of agents it may desire for the purpose of raw U** said promises and rentiott
<br />the same and collecting the rents, revenues and intone, and it may pay out of said income all expenses of repairing said promises and necessary
<br />commissions and expenses incurred in tenting and managing the same and of collecting rentals therefrom, the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these Fights of the mortgagee nay be exercised at any time durftthe existence of'such
<br />, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Moftgagor shall repay said loan on or before the maturity of solid times by
<br />payment,, pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said Istim, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied aping said promises antl on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 17 1 000.00 payable
<br />to said ASSOCIATION-. repay to said ASSOCIATION upon demand all mancy by it paid for such taxes, assessments and insurance with intervist at
<br />the matrunum legal rate thereon from date of payment all of which Mortgagor hereby agrees fit pay,pernut no wage on said promises;ktrop and comply
<br />with ad the agreements and conditions of the Bond for S 17, 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 litteome null and void, otherwise they
<br />shad rimsain in full force and nay be foreclosed at the option of the said ASSOCIATION after failure for three months to nuke any or saw
<br />payments of be three months in arrears in nuking said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor open to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any clump in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />seetared shial. at the option of The Fquitable budding and Loan Association of Crand I stand, Nebraska, become immediately due end pay" without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shad, from the
<br />deft of exercise of sait! option, bear interest at the maximum legal rate, and this morn gap may then be foreclosed to satisfy the antitrust due on sairl
<br />bond, and may other bond for additional advances, together with ad surriss paid by said The Equitable Budding and Loan Association of Grand Island,
<br />Nebraidia
<br />fax Insurance, taxes and assessments, and abstracting extension chirps, with interest thereon, from date of payment at the maidamin
<br />NW raw.
<br />As provided in the Bond secured hereby, while this mortgage ternaLmis in effect the mortgagee may hereafter advance additional sumis to the
<br />issiduattof said Bond, their assignsur successors in interest, which sums shall be within the sccw ity of this mortgage the same as the funds originsidly
<br />secured thereby. the total amount of principal debt not 14) exceed at any time the original amount of this mortgage.
<br />Dowd this 22nd day of Septeffiber A. D., ►9 87 .
<br />Frank E. olar
<br />X
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