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F
<br />J 005035
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 24,416
<br />KNOW ALL MEN BY TIIESE PRESENTS: That Randy Grotzky and Colleen Grotzky, husband and wife,
<br />and Albert A. Grotzky and Beverly J. Grotzky, husband and wife,
<br />Mortgagor, whether one or more, in consideration of the stun of
<br />Nineteen Thousand Two Hundred and no 100 - -- --------- ---------------- UOLIAARS
<br />loaned to said mortgagor by The Equitable Building and Doan Association of Crand Island, Nebraska, Mortgagee, upon 192 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24,416 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Ten (10) , in Block Thirty Six (36) , in Charles Warner's
<br />Addition to the City of Grand Island, Hall County, Nebraska.
<br />together with all the tenements, hereditamenis and appurtenances thereunto belonging, including attached flour coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, treating, 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 same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 19 1200 . 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 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 tune as the mortgage indebtednew shall 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 arse and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and rtecemry
<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 reward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during 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 ASSOLIA'rioN 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 lazes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before dclingtwa cy; furnish approved insurance upon the buildings thereon in the sum of S 19, 200.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all mrnrey by it paid fur such taxes, assessments and insurance with interest at
<br />the maximum legal talc thereon from date of payment all of which Mortgagor hereby agrees to pay; permit nu waste on said piemius ;keep and comply
<br />with all the agreements and conditions of the Bond for S 191200 . UO this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements Of [tic Constitution and By -Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />&ball remain in full fora and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments ter be three nonths in arrears bar itraking said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mottgagor 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 sak or Otherwise, then the entire re..naining indebtedness hereby
<br />mcuted shall, at the optkm of'C6e I ?quitable Building and Loan Association of ( ;rand Island, Nebraska, become immediately due and payable without
<br />further notice, and the arratunt remaining due under aid bond, and any other bond for any additional advances made thereunder, shall, from the
<br />dale of exercise of said option, bear interest of the maximum legal rate, and this mortgage stay then he foreclosed to satisfy the amount due on said
<br />bond, and any other bond for additional advances, together with all sums paid by said The Equitable Budding and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal late.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />"bakers of said [fond, their assigns of successors in interest, which stuns shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount O ncipal debt not ire exceed at any tirrx> the original amount of this mortgage.
<br />d t is 9th day of October A. 11., ! $
<br />r. A lbF Irt A. Grotzky
<br />__._.__ _�_,__
<br />ever y�rotzky7'"
<br />'iI "ATE OIL NEOF IIALL ss. Oil this 9th day tf i ctaber l9 b5 before rate,
<br />C(H1N`I'Y Una IIAI.I.
<br />I he undcrngrwd, a Notary Public in and tit said County, pertunally unit
<br />Hanby Grotzky arai Uollueii Grotzky, husl,auvd at" wife, auxi Allx�rt A. Gfutzky atxi 11e:vV —&uJ. Grcotzk,
<br />k"band alai wife, w o ,sir's, personal wn to
<br />rise to he the ideldical persrm, t9 whose names drtA •dlixed In the at-we mstrlm,cni � ntu,tgagor and U)Uy wvcfaliy
<br />arkau,wtedged rise said uastrunaar In ix Llteir vohrrOary -I and de «I.
<br />WI "[TiI,SS any loud and Nodmlal Seat 411e. date ;ttnuseul
<br />My i mnuruxson expires
<br />`r.:1 C . j , , ' ✓ :.4. 1 a ref e" ,..
<br />in .n,�at �� � 1�i,laly lirhhi
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