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<br />84 -00256a.
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<br />MORTGAGE
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<br />MORTGAGE LOAN NO. J._ __~~
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<br />V1ro.lnUl U f MFN BY THF5';F PRt:SFNTS rhat Galp-I1 La Pankonin and Sara M. Pankonin! each in his and
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<br />her CJ'iNJ1 right and as spJuse of each other, Mortgagor,whethei' one or more, in consideration of the sum of
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<br />'Iiolent~.sa'lerLThousand..ood ...UQ!.lO.Q...-----=-.-..-...::::.....__===---==...=::=.::_=====OOLLARS
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<br />loaned to said mortgagor bv The l:quHablc Building and Loon ASs(.ciatiml nfCrand !s!and. Nebraska. Mortgagee, upon 270 shares of stock of
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<br />said ASSOCIATION, Certificafe ~o_ L (AMLL do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />deJeribed real estate, situated in lIall County. Nebraska
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<br />Lot Ten (10), Block Five (5), in Wallich's Addition
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<br />to the City of Grand Island, Hall COW1ty, Nebraska
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<br />together with aU the tenemenls. hncdllameflh and OlppUflCnat1ccS therCUOIll belongmg. includmg attached floor COyerinp~ all window screens~
<br />wmdow shades. bhnds. :l-lurm Wj/lOuw:., ..!;,\'fllfl~~, !\t'attrl~, i1l1 C\llll.htIOOlllg, :.!nd plumbing and water equipment and accessories therct09pumps,st~
<br />refri~erators, and other fixlure-s and et.Ju1pment IlHW ,H hz"lt'atlc! atiacheJ to or used III "onneC{lon Wllh said real estate.
<br />And whereas the said mun~agu-l h.]s dWecd ..ml does hereby a;!!ree that the mortgagor shall and will pay all taxes and asaemoents levied or
<br />assessed upon ~d prclluses and upon !hl" lIlorlgagc i.Hld the 0000 St"CUICU thereby before the same shall beL'Ome delinquent; to fwnilh approwd
<br />lIlSUrallce upon I he budumgs \~Il s.ud prt.'"n\l~"> 'oIl uatc-J In ! he SIIOI \)1-:$ 27 I 000.00 payable to said ASSOCIATION and to deJiwr to aid
<br />ASSOCI A TION the pOhCIi."S for ~Id UlSlH:tn\."t' > :tlI-o w'l In unllmH 01 p"'!fml any waste on or about said premises;
<br />In t:ase of defauh III the per!orm.lfh.:e d :my 01 the IClms and comhtions of this mortgage or the bond secured herebY9 the mortpaee shall,
<br />on demand, be ell tilled !O iJ1lfllcJIi1tt' J."-'~~l\ln 1)1 flte lIlongaged prentisc:s and the mortgagor hereby assigns. transfers Uld sets over to lhe
<br />mortgagee all the fcnts. rewnut::i anJ If'iCUtllC' ill b.: I.knveJ from the mortgaged premises during such time as the mortgage indebtedDeu sbaIl reuain
<br />unpaid: and the mortga~ec ~hail ha~ th(' puWt':f !Il appolltt Jny a~cflt or agents II may desiJe for the purpose of repairing said premiIu and rentin&
<br />the same and colJedmg the Icnt:-.. a'\I~nuC"~ ,ilIa IhI;U!1tt>, and II ma" ~l3Y uut of said income aU expenses uf repairing said premiles and nece.uy
<br />comnllSStonS .aud expenses Hh:UileJ. In l<~f1lm~ dHU mdnag.m~ the 'XiJ{lC <lnd of coUectlng renr.als therefrom; the baJance remaioi.nc~ if -any? to be
<br />applied toward the dlschargl.: \)f s..uJ nail {g.;j~e lIHJl.--btt'dnes.s, these nghts ul the mortgagee may be exercised at any time durin<< the exilteJM:e of such
<br />default, Inespe'::llve of auy femptl'<l.qc waive! Df tht' sam~.
<br />These Presenls. huwe\'.:r, ..ft' t1~XI.iI !he- (-"fh.htl'-lfl, -i'h<l! If [he satd Mortgagor shaH repay said loan on or before lhe matwity of said. sbans by
<br />payment; pay monthly !o s.;ud ASSOCI A 'I JON ui t h", \lJfli ~pel:t11ed tn the Bond sct:ured hereby as interest and principaloD uid loan. on Of before
<br />the TWcnl1clh lia)' of eadl ,HlJ \'~'\'I Y lliOlilh, !lIlt II ~~llj hlan 1.'\ fully pall.!; pay all taxes and assessments levied against said premises and on this Mort...
<br />anulhe Bond se~,"urcd the[(~b)', hC'i.'Ht: dt.:llllo.iUt:IK~ ! tHHl:'ioh ilppruve-d lllsurancc upon (he bUildings thereon in the !lium of $ 27,000.00 payable
<br />to ~id ASSOCIA TION: Il~pa)' iu ':>J.hJ A~.\O( lA nor-.; upon <.lemanJ aU money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal ralc- Ihca'\>JI 1!um Jatt' ,.j ~.Id'r 1ll('l1i all of wtnd} MOtlgagur hCIt;'by Ijgfees tu pay;pcrmit no waste on said premises;keep and comply
<br />With all the <1gIccmellls :>-lId \.'~mJI11Um. of the BonJ tOI S 27,000. OOihlS ddy gwen by the said Mortgagor to said ASSOCIATION, and comply
<br />with aU the requuemt:lll:<. ur the t'l'fl:olltUllOIl dllll ~y,Laws vi sau.i ASS(X'lATI0N; then lhese pre5clnts duill become null and void.otherwile they
<br />shaH n:mam HI full fOl<':~ .1IlJ 1ll.1Y be 1'J!t',,;kl.')eJ .'if lhe l'pllon ul the salll ASSOCIATION after faiJwe for three months- to make any of said
<br />pa)'lnenls 01 be ltHC~ fl"'U1lh::. 11\ L111t'al~ ;lI111<:ikillg ....HJ mumhly p<i)'mcnb. lH to keep and comply with the agreenltnts and conditions of said Bond;
<br />and MorlgagOl dgI;;:~,l, h) ha,,'c <l n.\-(;(\-'l'l Jpp,lUlkJ 1,'rlh~l{h III SIH:h fllledllsurc proceedings.
<br />If therc is any changc U1 vWI~~hl'llp \~l Ih.: 1"':;1j eslate Il,-,,-,ngaged ht:n~Ul. by sale or otherwise. then the entire remaining indcbtedoeu heRby
<br />secured shaU, at lhe option \If lhe 1,-qullabk BUlldmg -ind Lilan ASSUl::tatlOJl of (;rand IsJand, Nebraska, become immediately due and pIIyable without
<br />further nUlla:, and the amuuul l+.'lHi:lmill!:, ..lut:' LIndt.' ~!J bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of excu;lSC of said ;,'phun, beat IllkiLS. .11 the m:.lJwnum k)Uti rate, and thts mortgage may then be foreclosed to satisfy the amount due on said
<br />bond, and an)' othel bond fHI <iJJllI1.)f1.d .Hh',lIh':CS, hlgdnef with all sunlS p.ud by sal-d The l~,quitable Building and Loan Association of Grand ls1and~
<br />Nebraska for mSliralhX, ta~.c~ ~'HlJ as.'iL'~HlI,"IH:\. ,.iHJ 3bstla<:i.mg o:xtensluU .:tJarges. With mti:-reSI thereon. from date of payment at the maximum
<br />legal ratc.
<br />As pwvuJed 1ft 1tIl:: Bond s.,'"u,cJ .Yld~\, ,\ IlLk lhl-'1 mo'lgag~ leltlaUl~ In ctlct.:r the mortgagee may hereafter ad-vance additional sums (0 the
<br />niakenr. of sau.l Bond. !hell J"""--lg1i~ c't :,-,j,-~t.'~,,~ Hi llHl'IO:SI, wludl sums shall h-t> wlthm the se{;Unly of thts mOltgagc the same as the fundsorig&nally
<br />:<>t:'\..UICU ~~leICU), lht: lllt<li ,jfJh'UII~"I.",p.>j ,1\,(,t 11<'1 lu ,,'\'.;ccu al ..lIy lllli\: tile ollglllai .tlllOUIlI U~-lfU~ IIlO{1.gag~.
<br />'ed.'".... .1f~.,./.. ...."~"..'Ic.... ' ..'la.y ,\.1>,1" 84
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<br />Galen L. Pankonin
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<br />StAll-Or N~.BKASKA,{
<br />('OUN l'Y 01- HAll \ '"
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<br />J q 84 ,before Ole.
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<br />the untlc:IS.lgneo. a Nouu)' Pubbc lfl anll lur S4Ud County, pe-rSlmalJy l;au:te
<br />Galen L. PankcRun ami c;ara M. Pankonin, <'aeh In Ill.S and her own ri'iJl.~ and as ~n'Mly ~1twii't:rll
<br />ot.her I an,"
<br />rill:' h.i be the Il..knhl..l pcISllll fi 'Alh)~ i:Jln>>':~:; are 4ili:~,c:d {" lbe ..hu~'l' H,MfUUlelH 11') }liOlfg.ag..ll S .mJ t-hey se-vtH.Jly
<br />ltckfl()wicdged ltu: J,.;ud fns/JUri:Cll\ t" tx t.he.it ,,\,iUIlI;li~ .1>::1 l1liJ Je-cJ
<br />WIT!\i{;_S~ 111., 1!;;eliG ,In,] 'O{.llliill :--e,lll ~h~' J<ih: AllIJ~'''!r.dItJ
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