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<br />85, 004525
<br />MORTGAGE See L 22,851
<br />MORTGAGE LOAN NO. 1, 94.1403
<br />KNOW ALL MEN BY THESE PRESENTS: That Gerald J. Kostnicki and Judith J. Kosnicki, each in his
<br />and her own right = as spouse of each other, Mort, whet her am of mom, in cumidc atim Of the awn Of
<br />Civr 4Rtottaand nG13Q(i =- - --- -�- COLLARS
<br />lowed to and mottpgor by The Equitable Building and Law Auociation of Grand Island, Nebraska, Mortgagee, upon 60 cures of sueit of
<br />said ASSOCIATION. Certificate No. L24,403 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Fifteen (15), in Block Three (3), Lake Davis Acres
<br />Subdivision, 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. prtmgs,stotes.
<br />refrigerators, and other fixtures and equipment now or hereafter attached to of used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor dull and will pay all taxes and asesomemts kvied of
<br />assesred upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 6 ,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 case of default in the performance of any (if 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 mtxtyalled premiss and the mortgagor hereby assigns, transfers and sets over to the
<br />nKwtppc an the rents, revenues and income to be derived from the mortgaged premiss during such time as the rremgage indebtedness Mall remain
<br />unpaid; and the mortgagee sun 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 c onectitg the rents, revenues and income. and it may pay out of said in comne an cxpt non of repairing send presumes and neceaaary i
<br />co munti rs and expenses incurred in renting and managing the same and of cohledimg rentals therefrom: the balance semaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; thew rights of the mortgagee may be exetcised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />Thew Presents. however, are upon the Condition, That if the said Mortgagor shall relay said loan on or before the matutiti if said stoves by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said Icon, on or before
<br />the Twentieth day of each and every month, until said loan is fully pad; 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 Hereon in the win of S 6, 000.00 payable
<br />to sail 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 6 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the regtmemenis of the Constitution and By -Laws of said ASSOCIATION; then thew presents shall become null and void, otherwise they
<br />shah remain in fun force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to mate any of said
<br />paytnrtMS cr be three months in atrews in making said monthly payments, or to keep and comply with the agreements and conditions of said Bend;
<br />and Mortrom agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the rent estate mortgaged herein, by sae or otherwise, then the entire remaining indebtedness hereby
<br />mewed scan. at the option of The Equitable Building and Loan Association of Grand Isrmd.Nebradca.bemme immediately due and payable without
<br />further notice. bad the amount rcnuinWg due under said bond. and any other bond for coy additional advances made thereunder. dill. from the
<br />date of exercise of and option, bear interest at the naximum legal rate, and this murtpye may then be foreclosed to stidy the amount due on and
<br />boad.and any Wier bond for additional advances. together with all coma paid by said The Equitable Building and Low Asoeiation of Grand island.
<br />sebnakst for irttanana, taxes and asesments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal tale.
<br />As pmuvkW in the Bond secured hereby, while this mortgage retains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their asiges or sucas ems 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 />pates thin 12th day of September A. n., Ira 65
<br />C
<br />Jrith J. KCWWki
<br />STATE Oft NVWA.SKA. ss. On this 12th day of SdUP VIII r 19 85 , before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for ad County. personally tame
<br />Gerald J. Koadtticki and Judith J. Kosmicki, each in Isis and ter avwirigr�t cutJd,e sonatq'Qcn�u of
<br />each other, i
<br />rise to be the identical person S whose name a are affixed to the above nstruorut as quiltagor s and t ry severally
<br />acknowledged the mid instrument to he their voluntary act and decd.
<br />W11NESS my hand and Notaul Seat the date aforesaid. 1 .
<br />My ('011M uxucm
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