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<br />85--001643
<br />r MORTGAGF AND C0tMRUCTi0N SECURITY AGPXEMEW
<br />t MORTGAGE LOAN NO. L 24.334
<br />KNOW ALL MEN By THESE PRESENTS: That Tim E. Terjak, a single person,
<br />Zt rept_y Two Thousand and Lip 100- ___ Mortgagor, whetter one or more, in consideration of the shun of
<br />Infused to said n wtPgm by The Equitable Beading and Loan Association of Grand Island, Nebraska, M U ARS
<br />Skid ASSOCIATION, Certificate No. L 24, 334 do hereby giant, con o ' � 220 shams of stock of
<br />described real estate, situated in Hall County, Nebraska: �! and mortgage unto the send ASSOCIATION the following
<br />Lot Ten (10) in Block Ten (10) in Clarkson's First Addition to
<br />Alda, Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenar.....s thereunto belonging, including attached flow coveruuga, odd er sozans
<br />window shades, bonds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumpa,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 &ball and will fray all taxes and are =Wnts levied or
<br />Aassessed upon sad premises and upon this mortgage and the bond secured thereby before the same &lull become delinquent; to fumfsh approved
<br />SSOCI ASSOCIATION the buildings on said premises situated in the sum of S 22, 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for sad insurance; and not to commit or 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 dull,
<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 ch time as the mortgW indebtedness dull remain
<br />unpaid; and the mtwtgWc dull have the power to appoint any agent or agents it may desire fo 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 repwittg did Premises and
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance necessary
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at an time during ' t existence to be
<br />default, irrespective of any temporary waiver of the same. Y urt� the exidetbe of sthch
<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 fin, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied allainst said premises and on this Mortgap
<br />and the Bond sacred thereby, before delingtxncy; furnish approved insurance upon the builds thereon in the sum of S 22, 000.00 payable
<br />to
<br />the "Mairmsen said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it pad for such Laze, assessments add insurance with interest at
<br />leftah rate thereon from date of payment all of which Mort
<br />ppr6or hereby agrees to pay: Perrot no watts om said Premises; keep and o'er'
<br />wilh all the agteements std rmditttms of the &send [or S 22 000.00 this da
<br />with all tier entrmts of the l'tuhpitutiah and B I seas olrsaid Y 9 by qx sad Mortg18W to said ASSOCIATION, and comply
<br />�� ._.,- Y ASSOCIATIOI; tlxn thins Presents shall become nub and voW. otherwise they
<br />...,:, � :'-- ..�.::'.�,h; ��er�r' :+he•,:�:- ,:.?�9�dttr �; �P •,zti'.,- �se:e -+io: i
<br />Mort or be Lhrce tramths rn sneers rn making said monthly pssytrxnta, or to keep and comply with the agreements and conditions of
<br />utgs. said �Bond;
<br />agrees to base a receiver appointed forthwith in such forechrsurc prtxred
<br />9f 1txrC le any c in nwuerduP of the real estate rrtortg d herein, by sae or otherwise, then the entire reaminft indebtedness hereby
<br />at iht crpmam of The F;quitable Buidurg and l can Autrciation of Grand Isasrd, Nebradta,beeome immediately due and payable without
<br />further mgwe, a� tux att»nmut rcnnining Ate under said bond. and any other bond for any additional advances t� thcreunder,
<br />I ef excrcae of t opium, bear interest at the maximum legal rate, and 111iS dB• from the
<br />bold, any other bond for additional advances, t mortgage msy then be fonescland to stay the amount due on t�
<br />boad.a Nebraska for i ranco taxes and together with all sums paid by said The Equitable Building and Lean Aseaciation of Grind Iedand,
<br />� rare.
<br />u, and abstracting extension charges, with interest thereon, from date of payment at the maximum Islan ,
<br />As provided in the Bord secured hereby, while this mortgage remains in effect the mortgagee tiny hereafter advance additpea1 sums to the
<br />nm Lars of said 't their
<br />amount of �m� in interest, which stone dull be within the security of this nnmtgppe the scone u the (ands origituBy
<br />Principal debt not Ur exceed at any time tlx original amount of this nxmtga®e,
<br />- this nth / day of April
<br />n. o.. to 85
<br />STATE Oil NEBRASKA,
<br />COIJNTI'OFI[ALL in. tMrhis 5th day of 1
<br />aril ,
<br />nF 1 8$ ,before me,
<br />the updersgthxd, a Notary Public in and for said County, personally cane
<br />Tim E. Terjak, a single l.x:rson,
<br />w1n' 1.5 F1erxtnally known to
<br />ms In be the identical Person whrtmc flame is affixed to the above instrument as most rr
<br />the sad instne cot In be ltis and 1te +a�vcnlly
<br />voluntary act and Aced.
<br />WITNUSS my hand ar4 Notarial Seat the date aforew I. ^� 1
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