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86_r ,104785
<br />" MORTGAGE _
<br />MORTGAGE LOAN NO. L 240_601
<br />KNOW ALL MEN BY THESF. PRESENTS: That William J. C hadek and Laurel O. Chadek, each in his
<br />and her cwm right and as spouse of each other, Mortgagor, whether one or more, in consideration of the stmt of
<br />_ Forty Seven Tared and no /100
<br />loaned to said mortgagor by The Fquirabk Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 470 shares of stock of
<br />said ASSOCIATION, Certificate No, L 24,601 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Twenty Eight '(28), in Hidden Lakes Subdivision Number Two (2),
<br />being a part of the Southeast Quarter of the Northeast Quarter (SEk
<br />NEk) and a part of the North Half of the Northeast Quarter of the
<br />Southeast Quarter (N'lNEItSE41,) of Section Thirteen(13) , Township
<br />Eleven (11) North, Range. Nire (9) West of the 6th P.M., Hall County,
<br />Nebraska.
<br />`" E
<br />-: together with all the tenements. hereditamenis and - appurtenances thereunto belonging, .including attached floor coverings, all window screenst.
<br />- -- window shades, blinds, storm wirhdows, awnings, heating, air conditioning, and plumbing and water equipment and accessories, theteto,pumps,stmes.
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said read estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that tow_ mortgagor shall and will pay all taxes and assessments levied or
<br />_- ask >ed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent: to furnish approved
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<br />- insurance upon the buildings on said premises situated - in the sum of 1 47, 000.00 payable to said ASSOCIATION and .to deliver to said.
<br />ASSOCIATION the policies for said insurance: and not to commit or permit say waste on or about said premises;
<br />Incase of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall;:
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<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 firm as the mortgage indebtedness sba6 remain:
<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, reverses and incomhc, and it may pay out of said income all expenses of repairing said premoes and a ccesony
<br />- . iorttmisnons and expenses incurred in renting and managing -the same and of colliectiiW rentals therefrom; the - balance remaining, if any, to be - -;
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<br />applied toward the discharge of said mortgage indebtedness; thew 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 />- - Thee Presents, however, are upon the Condition, That if the said Mortgagor shah 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 accused hereby as interest and principal on said loan, on or before
<br />the Twentieth day of tech and every ninth, untd said loan is fully pard: pay all taxes and assessmenis levied againg =0 premises acrd on this Mortgage.
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<br />- and the Bond secured thereby, before delinquency, furnish approved insurance upon the buildings thereon MUM stun of 147, 000.00 - payable .
<br />to said ASSOCIATION: repay to said ASSOCIATION upon dtnmmi All ttwney by it paid for such taxes, assessments and insurance with interest at
<br />- - the maximum legal rate t:serea.yn 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 ref the Bond for S 47 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By- Laws istZid AS JAITON: then these presents shad become null and void, otherwise they
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<br />shall remain in full forcc and may be fotechned at the ipoon of the said ASSOCIATION after failure for three months to make any of said
<br />,. payments or be three tmioth, in sweats n taking said monthly payments, or to keep and iaimply with the agreements and conditions of said Bond;
<br />- and Mortgagor agrees to have a receiver appointed forthwith to such foreclosure proceeding.
<br />If' there is any change to ownership of the real estate mortgaged be win, by sale or otherwise, then the entire temausing indebtednm bemby
<br />secured shag, at the optnn of The Equitabk Building and Loan Amociation of Grand isianif, Nebraska, become anmediately due and payable without
<br />further notice, and the amount remaining due under said bond, arsd any other bond for any additional advances made thercwider, shah, from the
<br />dale of exercise of said option, beat interest at the rtaximrun legal rate. and this trwitgage may then be foreclosed to satisfy the amount due on said
<br />bond, and any other bond for additwnal advances, together with all susm paid by said The Equitable Buildhgg and Loan Association of Grsmd Island,
<br />Nebraska for mstuancc, taxes and aaseswsents, and a iaracting extension charges. with interest thereon, from date of payment at the maximum
<br />_ legal rate. - -
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<br />As provided in the Bond sccun -d licreby, while this mortgage remains m effect the mortgagee tray thereafter advance additional Burns to the
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<br />... makers of said Bond, then assigns or successors in interest. which sutras shall be within the security of this mortgage the same as the funds originally
<br />- secured thereby, the total armnirt of principal debt not to exceed at any time the origirial.ammurt of this mortgage, -
<br />- flitted this 18th day of Aligtlst A. D., 19 86
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<br />STATE OF NEBRASKA. as On this 18th day of August 19 t36 ,before one,
<br />COtJNTY OF HALL.
<br />the undera;gad, a Notary Public at and for raid Cousity, pe son illy tame .
<br />William J. Chawk aura Laurel u. C:haclek, each in his and tvr oAtn riat a9AW tee,
<br />wsmw
<br />each other,
<br />save to he the itkntual Jr' s+sn g whoxe panic y al.e affixed to the above instrument as mortgagor g and they severally
<br />a #n nvleidaed tote, mid in.trurttrriE r.i Ju tiv. >it soluntaty act stud drrd.
<br />%11 tit SS f" hams end Noliu al Seal ibe date Aboviaui �
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