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MORTGAGE 000(;90
<br />MORTGAGE LOAN NO. L 240314
<br />MOW ALL MEN BY THESE. PRESENTS: That Sam GrMi Ml nger any Patricia Kay Grimtaistger; and
<br />Robert J. Pavelka and Jolene M. Pavelka, each in his and
<br />each other, her own right and as spouse of
<br />Thirty T loty5and stet no/ 1 OQ___ —_ Mortgagor, whether one or more, in consideration of the stem of
<br />- -- .— _--------- --_- -_ [.CARS
<br />tanned to said rrortgagprr by The Pquiubk Building and "n Association of Grand Island, Nebraska, Mortgagee, upon 300 sum of mock of
<br />said ASSOCIATION, Certificate No. L 24,314 do hereby (rant, convey arts until the said
<br />described real estate, situated in Hall County, Nebraska: ASSOCIATION the follow
<br />Lot Six (6) , Block Thirty Three (33) , original Town of Grand Island,
<br />Hall County, Nebraska.
<br />Lot Seven (7), in Block Eleven (11), Lambertes Addition to the City
<br />of Grated Island, Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window sratens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto,
<br />refrigerators, and other futures and equipment now or hereafter attached to or used in connection with said real estate. pumps,stotes,
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments Jevied or
<br />t; t f
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall be
<br />insurance upon the buildings on said premises situated in the sum of 5 30, 000.00 payable to said
<br />ASSOCIATION the policies for said insurance; and not to commit or ASSOCIATION and to deliver to said come delirtgtea o urnish approved
<br />permit any waste on or about said premises;
<br />In case 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 urtmediate possession of the mortgaged premises and the mortgagor hereby amens, tran�ers and sets over so the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the tnorratuf indebtedness soar! ruin
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repa¢ittg said premises and rent g
<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 remahtug, 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 abch
<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 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
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all motley by it paid for such taxes, asx�ttents and in 000.00 payable
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to s+stuarmx �� interest at
<br />�Y; permit no waste con saW ptemiaes: leap and rwmphy
<br />with all the agreements and conditions of the Bond for S 30 000.00 this day given by the said Mortgagor to said ASSOCIATION, aqd comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOC=IATION; then these presents shall become null and verb, otherwise they
<br />shall retain 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 he three months in arrears in snaking said monthly payments, or to keep and comply with the agreements and comtditions 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 indebtedinesa hereby
<br />secured shall, at the option of The Jiquitable Budding and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additi ons! advances mtade thereunder,
<br />date of exercise of said Option, bear interest at the maximum legal rate, and this nor , from the
<br />brmd,and any other bond r additional advances, together with all sums id h said ortga ee may then be foreclosed to satisfy the amount due on said
<br />h� for ittsemance, taxes and assessments, and abstracting extension char s, with interost tble u Budding m and date of Association n of (-rand Island'
<br />Mal rat . g charges. at the
<br />led in the ilhond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />hBond, their assigns or successors in interest, which sums shall he within the security of this mortgage the same as the funds onig '
<br />, the notch amount of principal debt not to exceed at any time the original amount of thu treat y
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<br />sTATE OF NEBRASKA,
<br />COUNTY OF IIALL
<br />SdM GrJ.rraainger aul Pat..ric.t.a
<br />iJ.a.s dw-1 hLIr OWn right and as
<br />is to he the identical lmrdrn ti
<br />day oil Pebmary A D 19. 44r -
<br />r
<br />On tltN - °, -7 7�7 slay of ! c'. (° e . 19 05
<br />before rise,
<br />ttte urxicrsrg»rd, a Notary Public in and for said t'ounty, pelsonallycame
<br />F,4y Gr.ltmti.lyier; <UX1 hOIX-rt: J. 11a« lkza iuxi Jo�? ?� , M.
<br />93 Nrit
<br />�;.sfli'be (A each (juler,
<br />widow nance s �lJ:t?. Ri izrd to the above instrunrent as ndntgag
<br />ack ur 5 rd,wledd the said RasUUindrd In Ire t i a Y' vuhuetssry act and skid
<br />W1 I NEE% rely hand and Notared tieal the date Amesatd
<br />My t' „mnmrdrn rxpl M"tb,Nh.�psaArMtuNa
<br />MOW CUA”
<br />r�trt ,*.at RI ema J10111t 1 7 .
<br />and t -jr Y wwtlkllv
<br />Notary I'er ��
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