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~_..T.~9-~Ci4428
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<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 23 464
<br />IQVOWALLMENBYTHESEPRESENTS:That Ed Kolar, JR. and Donna B. Kolar ., each in his and
<br />her own right and as spouse of each other
<br />Mortgagor, whether once or morn, in consineration of the sum of
<br />Fatty Six Thousand and NO/100_=------------ _---------------------------------npLLARs
<br />loarted to said mortR:gor by The Equitable Building and Loan Association oC Grand Jsland, Nebraska, Mortgagee, upon 460 shares of stock of
<br />said ASSOCIATION, Certitrcate Ivo. L 23,469 , do hereby grant, convey and mortgage unto the said ASSOCIATION the toBowiag
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Ten (10), Ross-Theasmeyer Subdivision, Hall County, Nebraska.
<br />to6ether with all the Eenements, hereditaments avd appurtenances thereunto belonging, including attached floor coverings, all window s~eens,
<br />wi~rw shades, blinds, storm windows, awnings, heaieng, air conditioning, and plumbing and water equipment and accessories thercto,pumps, stoves,
<br />rtfrigtrators, and other fixtures and equipment now or hereafter atuched to or used in ; onnection with said rea[ zslate-
<br />And whereas the said rrmngagor has agreed and does hereby agrce that the mortgagor shalll and will pay all taxes aztd s~K+^^ats levied or
<br />asxs¢d epos said premises and upon this rmngage and the bond secur_d thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the bniidings on sag premises situated in the sum of S 46 OOO.OO payable to aid ASSOCIATION and to delim to said
<br />ASSOCIATION the polities far said ;nr..~na; and not to wmmit or permit any waste on or about said premises;
<br />in lave of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, tht mortgagee shall,
<br />an demand, be entitled to imrrtedia[e possemon oC the mortgaged premises and the mortgagor hereby assigns, tratufers and sets Duet to the
<br />mortgagee aFl the rents, revenues and income [a be derived fror+[ the rmrtgaged premises during such tune as the mortgage irdebte[heest shall remain
<br />unpaid: and the rtartgagee shall hate the power to appoint any agent or agents it may desire for the purpose of repairing sand premises and renti[tg
<br />the same and collecting the renu, revenues and income, and it may pay out of said income all expenses of repairing said premises and necesary
<br />ixsm[ra~ats gad expenses incuaed in renting and mar:.giurg the same and of exrtkc[irtg rentals therefrom; [I~e balance remaining, if any, to be
<br />applied towed the discharge of said rmrtgage indebtedness; these rights of the mortgagee may be exercised at say time during tlx existence of rush
<br />defauh, irrespective of any temporary waiver of the szme-
<br />Tleese PresenU, however, are upon the Condition, That if the said Mortgagor shall repay said loan an or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCtAT10N of the sum specified in the Bond secured hereby as interest and principal on said ban, on or before
<br />the Twentieth day of each and every month, until said loan u telly paid; pay all taxes and assessments levied against said premises and an this Mortgage
<br />a~ the Bond secured [hereby, before dclinqutnry' furnish approved insurance upon the huddings [hereon in the sum of S 46 OOO.OO PaYabb
<br />to said ASSOCIATION: repay to said ASSOCIATION upon demand all money by it paid for sutlt taxes, ~~^~nts and insiuance with inserts{ a[
<br />the mttxim[rm legal rate t}xreon from date of payment ail of which Mortgagor hereby agrees to pay; permit no waste an said premises; keep and'xmPIY
<br />with aH the agteroents and condition of the Bond for S 46,000, OO this day given by the said Mortgagor to aid ASSOCIATION, and comply
<br />rith all the requirements of the Cn~titution and By-laws of said ASSOCIATION- then these prcrcnu shall bewmc ntr0 and vod, otherwise thty
<br />shag remain in ftrB iota and may be foreclneed at the option of the aid ASSOCIATION after Eggert for throe months to ttnke any of aid
<br />payments a be throe matths in arrears inmale-utg slid monthly payments, rn to keep and comply with the agreements and wnditions of said Bond;
<br />and Mortgagor ogees to have a receiver appointed focihwitb in sudt foreCFosure proceedings.
<br />It there rs any change m owvership of the real estate mortgaged herein, by sale or otherwist, then the entire remaining indebtedness hereby
<br />xawred shall, at the option of Tht Equitable Bvadittg and Lnan~ Association of Grand Island, Nebraska, become immediately due and payable without
<br />ftuther notice, sail the amount remaining dtee under said bond, and any other bond for any additional advances made thereunder, shag, from tie
<br />dart of exacese of s:tl option, bear ieterest at the rrsaximurrt legal rate, and this mortgage may then be foreclosed to aiisfy the :mount due oa girt
<br />boad,a~ any atbe: toad for additional ad:arras, together with all sums paid by said The Equitabk Beading and Loan Association of Grand Island,
<br />Nabrasiu for iawratsa, taxes gad aarR**vats, and abstracting extension Charges, with interest thereon, from daU of payment st the maximum
<br />~ rere-
<br />As provided in the Bard arcurSd hereby, while this r>mrlgegt remains m effect the mortgagee may hereafer advance additional sums to the
<br />maters of said Bard, their asiignv o esters in interest, which sums shall be within the serenity of this mortgage the same u the funds originally
<br />:ceued thereby, the~toul f~rincrpal debt not to exceed at any time the original amount of this mortgage-
<br />, ~ Edgy of,. ~~~ July A-D-,1978
<br />;~ .:~
<br />I~nih3 `~. ~'v3ldrs )(wl~C
<br />10th. daY of July 19 79 ,before me,
<br />~ACOUt~l7Y Q~ HA1 I t sa. Qa this
<br />the underrigsed, a Notary Public m and for said Coemry, personally scot
<br />fd Kolar, Jr, and Donna B. Kolar ,each in his and her own right and as spouse of each
<br />other who are trersonatly known `°
<br />me to be the identical persons wbme Dame S , are affixed to the about instnmteot as aeortgagor S and they severally
<br />adcnwakd®ed the aidirrstrumeat Fo be their wleatary act and dxd.
<br />WITNESS lay hand and Notarial Seal the date aforesaid.
<br />My Commrm~ exprrea ~/ ,~ / ~
<br />~~,Eh-r~-Rt-ti-uT-,'--aY-Stats d lkbrasMi mod/ C.V. Cary Public
<br />nta-rti >u 1~ ;:9 t"1_ SAFP
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