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00-- 101430
<br />MORTGAGE - -- - —_ _ -- -- - See L 24, 434
<br />MORTGAGE LOAN NO. _____L 24, 472
<br />KNOW ALL MEIN BY TtiFSF PRESFNTS. That Harvey E. Zichek and De loris L. Zichek, husband and wife;
<br />and John H. Matthes and Linda K. Matthes, husband and wife,
<br />Mortgagor, whether one or ore, in consideration of the sum of
<br />Zen Thousand and m /100 i — _____M_— more, oou.ARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 100 shares of stock of
<br />aid ASSOCIATION, Certificate No. L 24,472 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Ball County, Nebraska:
<br />Lot One (1), Bluhu Second Subdivision,
<br />Hall Cc unity, Nebraska.
<br />together with all the tenements, heredrtaments and appurtenances thereunto belonging, 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 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 sum of S 10, 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 it. the performance of any of the • -rms 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 lime as the mortgage indebtedness shall remain
<br />unpaid; and the ne.rrtgagee 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 Lire same and of collecting rentals therefrom: the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indehtedne.ss; these rights of the mortgagee may he exercised at any time during the existence of such
<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 'arid ioan 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 />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon In the sum of S 10, 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 10, 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 thev
<br />shall remain in full force and may be foreclosed at Cite 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 shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notice. and Itie amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from time
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfv the amount due on said
<br />bond,and any other bond for additional advances, together with all sums paid by said The Fcluitable 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 />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 he within the security of this mortgage the sane as the funds onginally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dated this 20�th day of March A- D- 19
<br />86
<br />)
<br />qc H. Ma yes
<br />Le I Cris
<br />Linda K. Matthes
<br />S- fATF.. OF NEBRASKA, f ss On tlus 20th da y 7� of ",amp
<br />COUNTY OF ItALL 4 1986 before ore,
<br />tin undersigned- a Notary Puhitc in and for said County, personally came
<br />LHarvey E. Zichek and DelQris L. Zichek, husband amt wife; and John li biatthes and Li.arki�3 K.
<br />Matthes, ht,isbarni and wife; `t ht, art' person y own to
<br />me to he lite slentrc.al peru+ns whose tamer s are affixed Ire she 'hove lush ;mn m,.tayago: S and they severally
<br />acknowledged the aid natraasenF t -, fx; their , ,i ❑ -,s•ry set and deed / / / ///
<br />WIPr1 S'� my i a . and < •arwl deal rh tart atorr>a,d -' -
<br />r........., - - \ Mary Pooh:
<br />—1)itt Po
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