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<br />' 79- UU3729
<br />h10RTGAGE
<br />MORTGAGE LOAN N0. L 23, 448
<br />KNOW ALL MEN BY THESE PRESENTS: That Albert A. Grotzky and Beverly J. Grotzky, each in his and
<br />her own right and as spouse ofi each other
<br />Mortgagor, whether one or mort, in consideration of the sum of
<br />Twenty thousand four-hundred and NO/lfl0___________________________________________.pOLLARs
<br />loaned to said mortgagor by The Equitable Building :.nd Laan Assaca.,..., cf Grard Island, Nebrasls, Mer!gage_, upo.^. 2O4 sha._s of s..,ck of
<br />said ASSOCIATION, Certificate No. L 23, 448 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, sintered in Hall County, Nebraska:
<br />LOT EIGHT (8) IN BLOCK THREE (3) IN HANN'S SECOND ADDITION
<br />TO THE CITY OF GRAND ISLAND, NEBRASKA.
<br />together with ail the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, azr conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other tu-tures and equipment now or hz:eafrer attached to or used in connection wi!h said real estate.
<br />And whereas the said mortgagor has ag2ed and daes hereby ag; ez that the mortgagor shall and will pay all saxes 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 upor. the buildings on said premises situated in the sum of S 20,400, OO payable to said ASSQCL4TION and to deliver to mid
<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 moneage ar the bond secured hereby, the mortgagee shall,
<br />on demand, be rnNOed to immediate possession of the martgaged premises and the morigagar hereby assigns, ttansfers and se!s over to the
<br />rtrongagee all the rents, revenues and incame w be derived from the mortgaged promises during such time as the mortgage indebtedness shall remain
<br />unpaid: and the mangagee-shat nave the power io appoint ale}~ aeon[ ar agen - gray d-- - -- e Yiirj;ase - ;oval lirg Bard vie rr><s artd re~riing
<br />the satt>" and collecting the rents, revenues and income, and it may pay out of rsaid incomes aft expenses of repaving said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom: the ba;ance remaining, if any, to be
<br />applied toward [he discharge of said mortgage indebtedneu: these rights of [he mortgagee rna}• be exercised at aiy time durintt the existtnce of such
<br />default, irrespective of any tzmporan• waiver of the Byre.
<br />These Presems, however, are upon the Condition. That if the said Mortgagor shall repay said loan on or before the maturity ot- said shares by
<br />pavrten[; pay monthly to sa:d ASSOCIATION of the sum specified is the Bond secured hereby as interest and principal on said loan, an or befom
<br />the Twentieth day of each and etmry month, until said bran is fully paid; pay all taxes and assessments levied against Bald premises and on Ibis Mortgage
<br />and the Band secured thereby, befare delinquenc}' furnish approved irsurance upon the buildings thereon ut the sum of S 20 400 OO payable
<br />io said ASSOCIATION: repay to said ASSOCIATION upon dztnand all money by it paid for such taxes, assessments and insura~tce cairn mtettst at
<br />dire maximl!m legal fat; tltereOn film dale Uf pa4 moot 21l of whj_h Mortgagor hetehv' 3gre25 CU pay': p^_riRn P,U waS!e O.^, Said prem;SeS; keep and C°mply'
<br />with all the agreemens and rorditions of the Bond for 5 (~ (~(~ (~(~ this day given by the said hiortgagar to said ASSOCIATIO\, and comply
<br />w;th all the requirement of the Constitution and By-Law 2oT~a~7A$SOCIATION; then these pzesents shall become null and void, otherwise they
<br />shall remain in fu13 force and may be foreclosed at the option of the said ASSfA'IATION alter failure for three nwrths to make any of said
<br />payttrents or be three momhs in arrears in making said monthly payments, or to keep and camps} with the agreements and ronditions of said Band;
<br />and Mortgagor agrees to have a receivrr appainted forthwith ir. such fozeclosure proceedings.
<br />If there is am change in ownership of the real estate martgaged herein, by sale or otherwise, [hen the entire remaining indebtedness hereby
<br />axured shall, at ehz option of The Equitable Building and Loan Assoclaiian of Grand lsiand,Nebraska, became immediately due and payable withoitt
<br />further natitx, and the amour: remaining due under said bond. and any other hand for any additional advances made thereunder, shall, from the
<br />date ai exercise otsaid option, bear interest at the maximum legal rats, and this mortgage may then be .`oreclosed to saeisfy the amount due on said
<br />bond,and any other bond for additianal advances, together with all Burns paid by said The Equitablt Burlding and Loan Association of Grand Island,
<br />Nebraska far ir;uance. taxes and assessments, and absiraeting extension c:ttargcs, with interest thereon, from date of payment at the maximum
<br />legal rste.
<br />As provided in the Bond seruzed hereby, while this mortgage remains in efitct the mortgagee may htreafter advance additiona3 sums to the
<br />ttrakezs of said Bond, their assie><s or suc:.essors in interest, which sums shall be within the security of ibis mortgage the carne as the funds ori¢inally
<br />xcurtd thereby, the total amount of principal debt nai to exceed at any time the anginal amount of this mortgage.
<br />Iutea this ~ 13 da~d,`or June A. n., is 79
<br />•yt.
<br />A ert A G ~:~
<br />Beverly `J. Grotzky
<br />STATE OF NEBRASlU, ~ ~ On this
<br />COiJATTY OF HAIL. 13th . day of June 14 79 ,before me,
<br />the undersigned, a Notary Public in and for said County, personally came
<br />A1!>ert A. 6rotzlCy arfd Beverly J. Grotzky, each in his and her own ri ht and as sppppu~~5e of each
<br />ether _ ~O are personally' known to
<br />tqe to be the idtntial person S whose Dames dre afI-uted to the above ittstrtunettt fit mort or S and they severally
<br />adurowkdged the-said institta~nt to be their voluntary act and dced. -
<br />WITNESS my hand sod Notarial Sea( the date 2foresaid. ~~` ~../~
<br />My Commission expires ! ~ ~ ~•
<br />s.t-asstu ` 6EMERlICitOTAM=4t:teatNcYrasia L~ ,,.~ --MStary uP_)sbG•' /~
<br />Yy Ctanm. Exp. se961,19fA
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