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<br />MORTGAGE _
<br />MORTGAGE LOAN NO. L 23366
<br />&vOWALLMENBYTHESEPRESEIVTS:That Frank E. Kolar, a single person
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Forty-Nine Thousand_Six_Hundred and No1100------------------------------------- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Csland, Nebraska, Mortgagee, upon l} j6 shares of stock of
<br />said ASSOCIATION, Certificate No. L 23366 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated N Hall County, Nebraska:
<br />LOT FIFTEEN (15) WESTROADS ESTATE
<br />THIRD SUBDIVISION, HALL COUNTY,
<br />NEBRASKA.
<br />together with at( the tenements, hereditaments and appurtenances thereunto belonging, including attached flcar coverings, all window screens,
<br />window shades, bonds, storm windows, awnings, heating, air conditioning, and plumbine and water equipment and accessories thereto, pumps, stoves,
<br />refrigeratars, and other fixtures and equipment now or hereafter attached to or us".d m connection with said real estate.
<br />And whereas the said mortgagor has agreed and dots hereby agree that i;r~ nr~reagor shall and will pay all taxes and assessments levied or
<br />awessed upon said promises and upon this mortgage and the bond secured t::erebv btfo:=_ the ame shall becorie dzlinquent; to fuzr''` 'pproved
<br />insurance upon the buildugs on said premises sttuated-in the sum of S r$9 y 6DQ, 0(} payable to said ASSOCIATION and to defiler to said
<br />ASSOCIATION tt,e policies for said insurance; and not to commit or perm~i any waste on or about said premises;
<br />In czse of default in the performance of any of the terms and conditians of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate passession of the mortgaged premiss and the mortgagor hereby assigns, transfers and sets over to the
<br />martgagcz ail ihz rents, revenues and inwmz to bz derived from the mortgaged prrrrdses du;ing such timz as the mortgage iadebtedazss shall remain
<br />unpaid: and the mortgagee shall have the power to appoint any agent or agents ii may desire for the purpose of repairing said premises and renting
<br />[he same and coIIeMing Ehe rents, revenues and income, and it may pay out of said income alt expenses of repairing said premises and necessary
<br />commissions and expenses incurred m renting and martaging the same and of caIlecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of t,~e mortgagee may be exercised at any Lima during the existence of such
<br />default, iaespective of any temporar}• waiver of the salve. -
<br />These Presents, however, are upon the Condition, That it the said Martgagor shall repay said lawn on or before the mzrtuity of said shares by
<br />payment; pay maathly to said ASSOCIATION of thz sum spzcified in the Bond secured hereby as interest and prindpai on said loan, on or before
<br />the Twentieth day of each and every month, until said lean is full, paid; pay all taxes and assessments izvied against said premises and on this Mortgage
<br />and the $ond secured thereby, before delinquency: furnish approved insurance upon the buildings thereon in the sum of S ~9, 600. QQ payable
<br />to said ASSOCIATION: repay to >aid ASSOCIATION open demand all money by it paid fur such taxes, assessments and insurance with interest at
<br />the maximum legal rate thzseon from datz at payment all of which Mortgagir hereby agrees io pay; pzrntii no waste on said premises;keep and comply
<br />with aft the agreements and conditions of the Bond for S 4g, 6DQ, DQ this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with alr the requirements of the Constitution and By-Laws of said ASSOCIATION; then these presents shag become null and void, otherwise they
<br />shaft remain, in full Corse and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three months in arrears in making said monthly paymenU, or to keep and comply with the agreements and conditions oY said Bond;
<br />and Mortgagor agrees to havz a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then t}te entire remaining indebtedness hereby
<br />secured shall, at dte option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediaiciy due and payable without
<br />further notice, and the amount remaining duo under said bond, and any oche: bond for any additional advances made tlteteunder, shall, from the
<br />date of exercise of said oniion, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond, and any other band for additional advznces, tagether with a6 sums paid by said The Equito~:= Building and Loan Association of Crand Island,
<br />Nebraska for insurant, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided In the Bond secured hereby, while this mortgage remains in e;fect the mortgagez may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors in interest, which sums shalt be within the security of this mortgage the samz as the funds originally
<br />secured thereby, the total amount of principal dzbt not to exceed at any time the original amount of this mortgage.
<br />Bated this 22nd say of March A. n., l9 79
<br />~tf~ f~~
<br />Frank E. Kolar
<br />STATE OF NEBRASKA, ~ ss. On this 22nd day of March 19 ]9 ,before me,
<br />COUNTY OE HALL
<br />the undersigned, a Notary Public in and for said County, petsonatiy pme
<br />Frank E. Kolar, a single person
<br />who 15 personally known to
<br />the to be tfie identical person whose name ~ S affixed to the about instrument as mortgagor and he x~
<br />acknowledged the said instrument to be hi 5 wluntary act and deed. ~
<br />WITNESS my hand and Notarial Seat tfie date aforesaid. `f
<br />My Cotnsnission expirs
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