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<br />83- 005308
<br />MORTGAGE See L 22,353 8. L 22,618
<br />MORTG.'\GE LOAN NO. r. 24 .158
<br />
<br />KNOW All MEN BYTIIESEPRESENTS:That William Ganes and Agnes Ganes, each in his and her own
<br />
<br />right and as spouse of each other, Mortgagor, whetber one or more, in OOIIlIidetation of the sum of
<br />Si xty SPvpn 'I'mm;;md Seven ~I1QL1QJl-==------------------------- DOLLARS
<br />loaned to said mortgagor by The f.quilable Building and loan Association of Grand Island, Nebraska, Mortgagee, upon 677 shares of stock of
<br />said ASSOCIATION, CertifICate No. L 24,158 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />de<cn'bed reti estate, situated in Hall County, Neb.."".:
<br />
<br />Lot Five (5), Block Three (3),
<br />
<br />Jenkinson Subdivision, City of
<br />
<br />Grand Island, Hall County, Nebraska.
<br />
<br />together with all the tenements, hereditaments and appuf1cnanCL-~ thereunto beJonging~ including attached floor cow:rings~ all window screens,
<br />window shades, blj"ds~ storm windows, awnings, heating, air conditionjng, and plumbing and water equipment and accessories thereto, pumps. stows.
<br />refrigerators. and other fUtture5 and equipment now or hereafter 3uached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shaU and will pay aU_ taxes and assessments le~ or
<br />assessed upon said prcmi$Cs and upon this mOrlgage and the bond SI.""Curoo t.hcleby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premisessituated in the .um of $ 67, 700.00 payable [0 said ASSOCIATION and to deli..,r to said
<br />ASSOClA nON the policies ~or said insurance; and not to commit or perInia any "";lste 00 or about said premises;
<br />In case of default in the performance of auy of the temu and conditions of this mortgage or the bond secured hereby. the mortgagee sbaIl~
<br />on defWlnd~ be entitled to immediate possession of the mortgaged prt:lfiises and the mortgagor hereby assigns. transfers and sets over_ to the
<br />mortgagee all the rcnts, revenues and income to be derived fmm the mortgaged premises during such time as the mortgage indebtedness shall.remain
<br />unpaid; and the mortgagee shall have tbe POWCf to appoint any agent Of 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 oul of said income all expenses of repairing said premises and Decessary
<br />commissions and expenses incurred in tenting and managing the- same and of coneeting 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 dwing the existence of such
<br />default, irrespective of any temporary waiver of the same_
<br />These: Presents, however. afe upon the Condition. That if the said Mortgagor shaH repa)' said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of tbe sum specified in lbe Bood ~curcd herehy as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, until sa.id Joan is fully paid; pay all taxes and assessments levi~d against said premises and on this Mongage
<br />and tbe Bond secured thereby, before delinquency; furnish approved insur.mce upon the buildings thereon in the sum of.s 67,700.. 00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand aU mQuey by it paid for such taxes. 3.SSCliiSIDCltts and insurance with interest at
<br />the maximum legal rate thereon from datt: uf payment aU of which Mortgagor hereby agrees to pay; permit no wuteonsaid premises; keep and comply
<br />with all tbe agreeme",. and conditions of the Bond for $ 67,700.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with aU the requircmenls of the Constitution and By-Law$ of said ASSOCIATION; then these presents shall become null and void. otherwise they
<br />shall :remain in full force and Jl1.ay be f01Wosed at the option of the said ASSOCIA liON after failure for three months to make any of said
<br />payment$ or be tmec months in arrcats in making said monthly payments, or 10 keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to ha~c a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is an)' change in ownership of the real estate mortgaged herein, by sale or olherwise~ then the entire remaining indebtedness hereby
<br />secured shall, at tbe option of The Equitable Building and loan Association of G,and Island, Nebraska, bow... immediately due and payable without
<br />fwilier 1lQtice, and the amount remaining due under said bond. and any other bond for any additional advances made thereunder. shall. from the-
<br />date of exercise of said option, bear inlerest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond, and any other bund for additional advances. togetber with aU .ums paid by said The Equitable Building and loan Association of Grand Island,
<br />Nebraska for insurance, !aXes aud as5CSS1TlC.nts. and abstraciing extension charges~ with interest thereon. from date of payment at the maximum
<br />1egal rate.
<br />As pIOvided in the 80 ured hereby. while this mortgage remains in effect the mortgagee may hereafter advance additjonal sums to the
<br />makers or said Bond. t 'assigns successors in interest. which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby. the amount of .. -pal debt not to exceed at any iime the original arnoWlt of this mortga&e.
<br />Dated this 2 th September A. I).. 19 83
<br />
<br />
<br />S'1ATE OF NEBRASKA, f
<br />...
<br />COUNTY OF 1iAl..L
<br />
<br />011 this
<br />
<br />;?tii day of
<br />
<br />..C~~y
<br />
<br />1983
<br />
<br />, before me,
<br />
<br />~
<br />
<br />William Ganes and Agnes
<br />Qt..lIer,
<br />me to be tbc idtnt,:ia:~ pe-ftOtJ S whQllie name S are affixed to the abo~'e in$Uw:~nt as OlortgiCOl S
<br />
<br />~JWIedaed !be said inllrur"en. to be their "<Jluntary a<t and deed.
<br />
<br />Wll~E..'lSmyt~ndandN?l...ar ar"iallSeal{.~~. .teafor_.. ~:~.J';;:<';/. ..j/_~
<br />
<br />MyCu"'m_.. e.,,,,,.. UJ1.e.. lTT'. t.,~/;t .".".... .."".'.... .. / lh LJ :/ c\ ~
<br />\ . f....~, r," "'~:~4i-l)~_' ~""'.~::-:::::'lu!ilYPubhc
<br />
<br />tbe undersigned, a Nolai)' Public in and for ..id County, personally carne
<br />Gomes, each in his and her own right and asw6lJ?O~~ of ~~y known to
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<br />and
<br />
<br />they
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<br />"""rally
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