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<br />106628
<br />MORTGAGE
<br />t J MORTGAGE LOAN NO. L 24,939
<br />KNOW ALL MEN BY THESE PRESENTS: That Jerry L. Jelinek and Christine G. Jelinek, each in his
<br />and her own right, and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the tarn of
<br />Thirty Five Thousand and no /100 ----------------------------------------------
<br />---- DOLLARS
<br />Insisted to ssiM mwtpgw by The Equitable Building and Loan Association of Grand Island, Nebraska., Mortgagee, upon 350 shares of slodr of
<br />=W ASSOCIATION, Certificate No. L 24 x939 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Eight (8), in Block One (1), Capital Heights Second Subdivision in Hall County,
<br />Nebraska.
<br />together with all the tencincnls, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blends, storm windows, awnings, heating, air conditiomng,and plumbing and water equipment and accessories thereto, pumps, staves,
<br />- refrigerators. and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
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<br />And whereas the said mortgagor has agreed and dues hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed 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 sun of S 35 , 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit anv waste on or about said premises;
<br />In caw 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 mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall retrain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises 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 premises and necessary
<br />commissions and expenses incurred in renting and managing the saute and of collecting rentals therefrom; the balance retraining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; them rights of the mortgagee may to exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />Thew Presents, however, are upon the Condition, That if the said Mortgagor small repay said loan on or before the maturity of said shams by
<br />payment', pay monthly to said ASSOCIATION of the sum specified in the Mind 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 ueveed against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 35 , 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
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<br />with all the agreements and conditions of the Bond for S 35 , 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 them presents shall become null and void, otherwise they
<br />shall remain in full force and nay 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 paynems, 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 shall, at the option of The Equitable Building and Loan Association of Crand I stand, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances 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 Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legd rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effete the mortgagee may hereafter advance additional sums to the
<br />rimers of said Bond. their assigns or successors in interest, which sums shall be within the security of this nongage the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any It= the original amount of this mortgage.
<br />Dated this 12th .'day of November A.O.. 19 87.
<br />err Y., Jelirfilik
<br />Qr
<br />Christine G. Jel' ek
<br />STATE OF NEBRASKA, I ss_ On this 12th day of Nov ®mber 19 87 . before .
<br />COUNTY OF HALL
<br />the umlerwed_ i Notary Public in and for said County, personally cam
<br />Jerry L. Jelinek and Christine G. Jelinek, eae to hits
<br />and her own right, and as spouse of each other, who are personally known to
<br />use to be the ramtecal persolg whew name s are affixed to the above mstrume as r rigagor s and they severally
<br />acknowledged t1w said inatumaemt to be their voluntary act and deed.
<br />Ys
<br />wITNI -NS my hared and Notarial Seal the date aforesaid.
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