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<br />78- ~1(! 7 ~ 6 .~
<br />MORTGAGE
<br />,~ MORTGAGE LOAN NO. L Z3, 303 MGIC
<br />xivowAL~.~iENBVTS~ESEIrRESENTS:'rttat Mark 5. Sauk and 5i3er~e R. SaTak, each in his and
<br />Fier irs~rl ri~Flt and as spouse oi` each other,
<br />Mortgagor, whether one or more, in conafdamtion of the xttmaf
<br />Thirty Six Thousand Four Hundred oriel No/100------a--------------°°---------------~~~
<br />loaned io said tortgagor by The Equitabk Budding and Loan Association of f rand Island, Nebraska, Mortgagee, upon 354 shares of stodt of
<br />said ASSOCIATION, Certiftcate No. L ~~, 303 MGIC, da hereby grant, convey and mortgage unto the said ASSOCIATION tbs following
<br />described root estate, situated in HaIl County, Nebraska:
<br />L07 TEN (10~, BLOCK Ei6}iT (8), IN MARRISON'S
<br />SUBDIVISION, AN ADDITION TO THE CITY OF
<br />GRAND ISLAND, NEBRASKA.
<br />together with aIl tite tenerveats, hereditaments and appurtenances ilteeeunto belangi•tg, irtctudirtg attached floor coverings, all window screesta,
<br />window shades, blinds, storm windows, awnings, heating, air conditianing,and plumbing and water:.trtipmentand accessories themto,puinps;stov€s,
<br />- refrigerators, and other fixtures and equipment now or hereafter attached to ar used in c:xtnectitrn with said real estate: - -
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortg.gor shall a,:d writ pay ail taxes and as~ssnents.levied of
<br />assessed upon said premises and upon this mortgage and the bond secured therebw before the same shall become deiiuquent~ to ftrtu~i approved :
<br />insurance upon the buildings on said premises situated in the sum of S ~, Q~DD [l(l payable to said ASSOCIATION and'to staliver to paid
<br />,1SOCIATION the policies far said insurance; and rmt to wmmit or permit arty wx eon or about said premises;
<br />In cssa of dofault in the :~•farmaace of any of the terms and,^.onditions of this mortgage or the bond secured. hereby, iha motfgagre sttaIl;
<br />ort demand, 6e entitled to immediate possession of rho mortgaged promises and the mortgagor hereby assigns, transfers -and raft o+ror to the
<br />martgagae ati the rents, revenues sad income to be derived from the tnorigagtd premises dt:rsng such tittle as the mortgage indelsiedrxsa:shall : amain
<br />- unpaid; xrtd the mortgagee shall have the paver io appoint arty agent or agents ii may desi,•e for the purpose of repaving said p•aamices attd reniirrd
<br />the lama and eoliecting the rents, revenues and inwme, and it may pay out of sad in~mc all expanses o£ repairing said premises slur ittcessary
<br />cotnmissttns and expenses incurred itt rerrtirtg and utanaging ifie saute and of wltecting rentals therefrom; the ba}arta row; if-any, to be
<br />ap~- towazd -the discharge of said- mortgage htdebtedttess; tftese riglets of the ettarzgpgee srrsay be exorcised at any tittle duaing the existenet of such
<br />- da xulY, irraspectfs~eaf any tamporaty waiver of the lama.
<br />- - These I*reseets, however, axe upon ifte Condition, That if the said Mortgagor shall rcpap said loan on or before iht maturity of saal shares by~
<br />~ymant;.nay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest acrd principal on said toau,an o{ before
<br />"the Twentieth day of each and every month, until said toan is fully paid; pay all taxes and assessments levied against said preatiaea sad tut this Mortgage
<br />and fhe" Bond secured thereby, before delinquency; furnish approved insurance upon the buildings ihcreonin the sum of-~, ~f1D; ~ ~ - p;3yablc
<br />to mid ASSOCIATION; repay to said ASSOCIATION upon demand aA money by it paid for such taxes; assessments and ,ev~~ wltpt.frtterast at
<br />the mmcrmum legal rate titcreon from data of payrrurti ail of which Mortgagor hereby agrces to pay; permit na waste on said pretttvaati~p and:comply
<br />with alt the agreemenu and conditions at' the Band for $ 36, 40D QO this day given by the said Mortgagor-ta said AS.SOCIAT14N, and compig
<br />with alt the requirements of the Constitution and Bylaws of said ASSOCIATION; then these presents abort become null and void; oiheteviae that'
<br />shatI remain in full force and may be fora..^losed at the option of the said ASSOCIATION after failure for th{ea months to matte any of said-, -
<br />pap:~n{s or be three months in arrears ix: tasking said monthly payments. or to keep and comply whit the agreements and mnditioas of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure ptocatdings.
<br />If there is any change in ownership of the real estate mortgaged harem, by sale or otherwse, then the entire remaining itmebtedrtan hmeDy
<br />sacurad shaft, at the option oFThe Equitable Building sad Iaan Association of Grand Leland,Nebraska,berwttte itttmediaulytlue attd payable wltltout
<br />Further notice. and tfte amount remaining due under said bond, and any other bond for any additional advances made thereunder,shall; fremt Ilia
<br />dots of exercke of said-op{ioa, bear intaezst at the maximutrt legal rate; aztd this tuort map then be foredosed to satisfy the aatauat duo on sa#d
<br />bond, and_ any other band far atiditionaladvani~s, tanaethsr with all sums gaid by said The Equitable But7dvig and Loan Asaneiatiua afGra~ Islctd; .
<br />Nebraska for insurance, tatter and asseasntcnis, and abatrac#ing exxension charges, with iateresi thereon; from date of payment at the nraxiwum -
<br />" kgalrate.
<br />As prorided in the Bond ~~ored hereby, while liars tnartgage remains in effect the n-rortgagee may hereafter advance additional stuaw.to the _
<br />- titakera of said Bond, ilxir assignsar successors is interest, which sorts s'~,alt be wtihin the security of this mortgage the rattle as the fluids oitBinaily-
<br />seeuzed-tltereby;thg total3~ntouat ~ preucipal`debthMfo exceed at airy time the aifgine! atttaunt of than mortgage.
<br />Ilatad t~ia Z~tit. l--aa~af NBV~t~r A. n., zg 78
<br />Ma aS , S ,
<br />^~~eArra R• SaSalr
<br />STATE flF NPB;tASICA, ~ ss f7n the 2~t(i , day cif A101+eIiiF?Er i<3'7~ ,before mc,
<br />CL`UNTS' OF tlALl.
<br />t+~rk 5. Salak zrtd Si43?ree R. Battik, each in t~`m~arst;al~tary~biiclnand~or:~.Cvitmy,~ra~natlycama
<br />F ISIS and :ter OIVn rit,~f1*. dnd 3> spoUS~ o~ ff>'ch ot{1er, .,~._~ who aY'e perwnaSlyknownsa
<br />i• me ic+ be rbz. identica3 persart 5 w-hase name 5 dr2 ptf"nttd to tta alxKa iuStrut2tip[ft a3 taott5 - and they „~ serFmlly. -
<br />aoknawkdgad th!; said instrttnten[ to be loci r valune,ty act and decd.
<br />h:1'Ai.SS my trend and Itote,tiyt Sz&i i;re date aforesaid. - - ;;-~. -
<br />- -.. Sly Commission expuas .. .... - r ~ '~'C ~f/"~ ~~r~ -~,~tsrs~
<br />_ - ----~~`= to
<br />s.rsAe~m j~ F ~ ~ ~;:'~~ f ( o a Fubite'.
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