|
85--- 004084
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 74,391
<br />KNOW ALL MEN BY THESE PRESENTS: That Jerry A. Rajewich and Pamela K. Rajewich, each in his and
<br />her ewn right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />FioYtiteEn Thousand Three Hundred _ and no /100------ - - - - -- __--- - ----- -- - - -- -DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 183 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24,391 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />des xnbed read estate, situated in Hall County, Nebraska:
<br />The Northerly Sixty Four (N64') of Lot Five (5) in
<br />Bock Ninety Four (94) in the Original Town, now
<br />City of Grand Island, Hall County, Nebraska.
<br />together with all the tenements, hereditaments 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 $a shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of 518,300.00 p me ayable 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 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 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 time as the mortgage indebtedness shill 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, 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 daring 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 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 Ihereon in the sum of $ 18, 300.00 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 18 ,300.00 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 fora and ntay 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 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 shag, at the option of The Equitable Building 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 additional advances made thereunder, shall, from the
<br />date of exercoe of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount date on said
<br />bond, and any other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebnaka 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 />taken of said Bond, their assigns err successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amou of principal debt not to exceed at any time the original amount of this mortgage.
<br />t s?0 this .6 day of AUgUSt A. D., 19 85
<br />1 u - -- -
<br />xaWwWn
<br />STATE OF NEBRASKA, I as. On this 16th day of August 19 85 , before me,
<br />CMNTY OF IIALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Jerry A. Rajewich and Pamela K. Rajewich, each in his and her can wwrWt and a rs of each
<br />other,
<br />are a wI to
<br />me to be the identical persons whose tame a a_-e affixed to the above instrument 4niortgagur g and flay severally
<br />ackmrwledged the said instrument to be their voluntary act arid deed.
<br />WITNFSS my hand and Notarial Seal the date aforesaid.
<br />My Commission expires
<br />y, JOY M.,.st4ZLEY
<br />W,
<br />6,
<br />
|