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85= 004675
<br />aoaT+h;AGE AM CO5'1RUCTICN SECURITY AGREDM
<br />MORTGAGE LoAN No. L24,410
<br />KNOW ALL MEN BY THESE. PRESENTS: That Frank E. Kolar, a single person,
<br />Mortgagor, whether one or am, in consideration of the ram of
<br />NihaetY Six Thousand Seven Hundred Fifty and no/100---------- ---- -- _ppUAR
<br />loaned to sod raoregagor by The Equitable building and Loan A%KK=txm of Grand Island, Nebraska, Mortgagee, upon 968 s. of Stock: of
<br />aid ASSOCIATION, Ctxtifidte No. L 24 , 410 , do hereby gram, convey and mortgage unto the add ASSOCIATION the following
<br />drat'bed teal estate, situated in Hal County, Nebraska:
<br />Lots Six (6) and Eight (8) , in Block Five (5) , in College
<br />Addition to West Lawn, an addition to the City of Grand Island,
<br />Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging. including attached floor covermp. all window Wrom,
<br />widow shades. blinds, storm windows. awnings. hestrag, air conditioning and plumbing and water equipment and accenories thereto,pumpa,aom,
<br />refripgators, 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 tarp Sail arerreatS levied or
<br />aaswaaed upon said premises and upon this mongept and the bond secured thereby before the same dull become to fwttiah
<br />deliagtsent: sPPt'ond
<br />iwaance upon the buildings cn said preruws situated in the sum of $ 96 ,750.00 payable to said ASSOCIATION and to deliver to Said
<br />ASSOCIATION the policies for Saud 'insurance; and not to comnut or permit any waste on or about Said premiaes;
<br />In ate of defadt in the perforrronce of any of the terms and conditions of this mortgage or the bond secured her y, the mortgagee shall,
<br />on demand, be entitled to immediate posernwom of the mongWd premises and the mortgagor hereby assigns, transfers and Seta over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgagwd premises during such time as the mortgage indebttdtir shdt terrain
<br />Warned; and the mortgagee shall have the power to appoint any agent or agents it n ny desire for the purpose of repairing said ptemiass Sad renting
<br />the Same and collating the runts, revenues and income, and it may pay out of m;' income all expenses of repairing aid premises and neotmmry
<br />comminoxs and expeaaes mcuned in renting and managing the same and of collecting rental$ therefrom; the balance reariaag, if any, to be
<br />applied toward the discharge of said mmtpgc indebtedness; these rmghis of the oorigsgec may be exercised at any time during the exidence of such
<br />detauk. bsespectiue of any temporary waiver of the sure.
<br />Thew Presents, however, are upon she Condimm. That if the said Mortgagor shall repay said loan on or before the maturity of said shrew by
<br />payment; pay monthly to sad ASSOCIATION of the sum Specified in the Bond secured hereby as interest and principal on aid loan, on or before
<br />the Twentieth day of each and every rsooth, until said loan is fully paid: pay all taxes and assessments levied against said premnp and on this Mortgage
<br />aced the ®oral stxaued thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of i96 ,750.00 payable
<br />to road ASSOCIATNV; repay it) said ASSOCIATION upon demand all nuney by it paid for such taxes, amenments and mo rance with interest at
<br />the muin a n legal rate thncreom from dale of payment all of which Mortgagor hereby agrees to fay; permit no waste on acid preaias ;keep and comply
<br />W" ON the arseemems aced — Affians of the Boyd for f 96 ,750.00this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />wigs all She requ ra ems of the Constitution and By -limos of and ASStMATItNb: then thaw presents shall become nall Sad void, otherwise they
<br />Shed rcmnia w full force and may be foreclosed at the option of the said ASSOCIATION after failure fog three months to make airy of said
<br />payments or he three muMhs in arrmns is malting said monthly payments, or to keep and comply with the agreements and cuaditioais of rid Bond;
<br />and Morfpgor agrees to have a receiver appointed forthwith in such foredowe proceedings.
<br />If there s any chow in ownership of the read estate rnwtppd herein, by ale or otherwise, then the entire rearifung iadebtednea beteby
<br />Noticed slaty. at the option of The Equitable &adding and Loan Association of Grand Gland. Nebraska. become mumediately, due and payable without
<br />further notice. and the amount repaiing due under said band. and any other bond for any additional advances made theramder, dhall, from the
<br />doe of caticue of mid opium, bear wtuese at the maximum kph rate, m W this mortgage may then be faecbrd to ,tidy the Sarum due an mid
<br />brmd,and say odor boad for mWitexah advances.loptho with all Stmt pod by sad The FAW" building ad Loam Arodows of Grad Idmd,
<br />Ndwaia for mawanoe, taxes and maerments. and abstracting cxtenwm charges. with interest thneon, from date of
<br />law rate payment at the maximum
<br />As rsovided in the Bond secured hereby. while that mortgaye retsina is effect the mortgagee may hereafter advance additional aurae to the
<br />nnksys of rid Barad. their Sumps or successors is interest, which aura date be within the security of this moetIM the Sane a the finch trigiapy
<br />rwwe6 thereby, the anal amwror of priaapmi debt not to exceed at any time the Original amount of chi mottgSp.
<br />Ds"d this 25th day of September A. D., 19 b5
<br />SEAT£OF NEBRASKA, ace. On this 25th day of Septewk*r 19 65 , before me,
<br />COUNTY OF HALL
<br />the undeWaigaed, a Notary Public o ro
<br />and for d County. pertuaYy came
<br />Frank E. Kolar, a singly pertaon, who is paandly known to
<br />new to be the identical person whoa tine 18 adlixed to the ahxvt istruinna as Wwn agw and he severally
<br />adewowMdpS4 the cod nstrwavos to he Id's voluntary act and deed.
<br />tvl NP.I t my hand mud Nowhol Saab the date atotr%od.
<br />My Onnmitann cxp v*
<br />ha »q1 u I N,xly medic
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