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36a1'- 10331$
<br />MORTC.AGE
<br />moRTGAGE LOAN NO. L 24529
<br />KNOW ALL MEN BY THESE PRESENTS: That Frank F. Gosda, a single person,
<br />Monppx, whether am amore, in txwridelliiria of the sate of
<br />Ten Thousand and no /100— DOLLARS
<br />Maned to aid mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgape, upon 100 shires of ra ck of
<br />aid ASSOCIATION, Certificate No. L , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lots One Hurdred Seventy Six (176) and One Hundred
<br />Seventy Seven (177) in Belmont, an addition to UP-
<br />City of Gram Island, Hall County, Nebraska..
<br />tosedier with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor covering, 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 futures 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 />aaeaed upon said premises and upon this mortgage and the bond securest thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premix, 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 cafe 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 rtwrtgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortpgee 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 shall have the power to appoint any agent or agents it -my 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 same and of collecting rentals therefrom; the balance remaining, 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, irrespective of any temporary waiver of the same.
<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 Tarentieth 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 10,0U0.00 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 agmes 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 they
<br />shall remain 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 malting 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 />fevered sa6, at the option of The Equitable Building and Loam Association of Grand island, Nebraska, become immediately due and payable witbotd
<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 />dale of exercise of said option, hear interest at the maximum legal nu, and this rmortgap nay then be foreclosed to satisfy the amount due on said
<br />bond,ad any other bond for additional advances, together with all scam paid by said The Equitable Building and Loan Association of Grad Island,
<br />Nebraska for instuance, 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 />maskers of laid Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Dated this ' 0 18th day of June A.D., 19 86
<br />STATE OF NEBRASKA. 1 sx
<br />COUNTY OF HALL.
<br />me to be the identical person w
<br />arinowfedrmd the said itutrumenl to tic
<br />imimISS my hand.a
<br />18th day of June I9 86 , before me.
<br />the undersigned, a Notary Public and for said County, personally tame
<br />who iS personally known to
<br />affixed to the above instrument as mortgagor and he severally
<br />voluntary act and deed. ^� i
<br />Seal the datt aforesaid. '
<br />Notary Public
<br />`ran-
<br />I
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