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<br />MOR`Iff3AGE
<br />- ._.__- ---- ----_. - - _._--~:_=MORTGAGE LaAN No. L 23,523..- _
<br />Subject tc L;~ 22,814
<br />Kix'OWALLMENBY7'tIESEPRESENTS:Tbat Douglas R. Mendyk and Barbara S. Mendyk, each in his and
<br />her own right, and as spouse of each other
<br />Mortgagor, whether one or more, in rxtnsideration of the sort of
<br />Five Thousand and Nol100--------------------------------------------------.------- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Luau Association of Grand island, Nebraska, Mortgagee, upon 50 shares of Aodc of
<br />said ASSOCIATION, Certificate No. L 23,523 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Ffall County, Nebraska:
<br />LOT FOUR (4), IN BLOCK EIGHTEEN (18) IN SCHIMMER'S
<br />ADDITION TO TtIE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA
<br />Subject to prior mortgage to the mortgagee herein, in the principal amount of Twenty
<br />Thousand Eiyht Nundred($20,800.00) dated September 15, 1977.
<br />together wish all the ter;entents, hereditartirnts and appurtenances thereunto helongutg, including attached float coverings, all window screens,
<br />window shades, biirds, storm windows, awnings, heating, air wnditiotting, and plumbing and wafer equipment and accessories thereto, pumps,AOces,
<br />- - refrigerators, and other t'ixtures and equipntem now or hereafter attached to or used in connection with said real estate.
<br />- And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shalt and will pay ell taxes and assrssntents levied or
<br />assessed upon said premises and upon [his mortgage and the bond secured thereby before the same shall become delinquent; to famish approved
<br />insurance upon the buildings on said premises situated in the sum of ~ 5 , OOO.OO p`aya64e to said ASSOCIATION and to deGcer to said
<br />ASSOCIATION the policies for said insurance; and nut to mmmi[ or permit any waste on or about said premices;
<br />In ~u of default in the performance of any of the arms and conditions of this mortgage or the band secured hereby, the mortgagee shall,
<br />on demand, be erti[led to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />tttortgager all the tents, revenues and income to be derived from the rnortgagcd premixs during such time as tfte mortgage indebtedness shall remain
<br />unpaid; and [he mortgagee shall here the power to appoint any agent or agrnts it may desire for the purpose of repairing said premises artd rrnting
<br />the same and rnllecting the rents, revenues and incssme, and it may pay out of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the carne and of colketirtg rentals therefrom; the balance rcrnainirtg, if any, to be
<br />applied toward the discharge of said mortgage indebtedness.; these rights of the mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waives of the same.
<br />Tfiese presents, fiowever, are upon the Canditian. That i£ the said Martgagc>r strati repay saki loan on or before the maturity of mid shares by
<br />payment; pay monthly to said ASSt?CIAT101S of the sure specified in the Band secured hereby as interest and principal an said loan, On at before
<br />the Twentieth day of each and every month, until said lean is fully paid; pay elf taxes and assessments levied againct said premises and on this Mortgage
<br />and the Band set tired thereby, before delinquency; furnish appraverl inarrancc trpan if=x buildings thereon in the stun of S § ,OOO.OO payable
<br />to mid ;,SSrsc'iATiON; repay to said AS,~IAT`lON ulx.n dett>astd ail r=-~-a<_r by it paid for such taxes. asseassmen[s and ~.,s,r..r9,~., with inurest ai
<br />ilie maximum legal rate thereon from date of pa_ytrient alI as which Morrp.afar hereby agrees to oay;permit na waste unsaid premises keep andiximply
<br />_ _ with ail the aprerrreenls and mndiYions of the Bond for S ~ 000.00 {his der gii~.hy tits said~lnrtgagor ro sajd -+tcSOC14'ngS•i, 3ttd ttsmply.
<br />with alt iris reyuirenients of the Con#itutian and By-Laws eaf'said ASSOCIATION; then these presents shag became null and void, otherwise they
<br />shag remain in tali force and may be foreclcised st the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three months in sneers in tusking said monthly paymems, or to keep and comply with the agreements and conditions u6 said Band;
<br />and Mortgagor agrees to have a receiver apptinted forthwith is arch farectosure praceedirgs.
<br />If there is any change in ownership of the real estate mortgaged fterein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />soured shalt, at the option of The Equitable Building and I.taan Aasaciatron ai Grand Island, Nebraska, become immediately due and payable without
<br />further rwtice, and the amount remaining due under said bond, and any other band for any additional advances made theretmder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal nee, grid this mortgage may then lie foreclosed to satisfy the amount due on said
<br />band, and any other band fur additional advances, together with alt sums paid b} said The Equitable Beading and Loan Association of Grand Land,
<br />Nebraska for insurance, taxes and assessments, and abstrar-ting extension rlrarges, with interest thermn, from data of payment at the matcimum
<br />legal rate,
<br />As provided in the Bond secured hereby, while this mortgage remains in ef7ect the nxutgager may hereafter advance additional sums to the
<br />makers r,f said Bond, their assigns or suc.'rswrs its interest, which sums shall be with+n the security oi' this mortgage the same as the funds otiginalty
<br />secured thereby, the toter amount of principal debt rwt to rxtrrA at any tirrtt the original amount of this mortgage.
<br />Datsd this 15th day ar November A. D., l9 79
<br />~ ~ S F~'ti.C.l..nd'~K v ____-.___._- _
<br />Barbara 5. Mendyk J
<br />STATfi OF NEBRASKA, ~ ~ or, this da at 19 , beram nom,
<br />COUNTY OF HALL l 5th y November 79
<br />the undersigned, a Notary Public in and for said County, perrona0y ame
<br />Douglas'R. Mendyk and Barbiiira S. Mendyk, each in his-and her own ri ht, and as spo~-ske of
<br />eadh other "'~" are ~~n y sawn to
<br />tree to lie iha identical perm S whose twnte S are effaced to the abo nst nt as mortgagor S and the sevenBy
<br />adtnawkdged the said insuuttreait to be their voluntary sot and deed, ,.! ,,~ )
<br />WITNESS my hand and Notarial Sc-1 the date bforesaid. ~ ~/
<br />My Commission expires .c~ ~ ~ ,
<br />f s
<br />r47&YM Rr // - i Y - ~~ ~,,~% ~ Notary Public
<br />~i GEDIERAt tIQ?t,RY state ct Nebraska
<br />1~C:CS Gd. Ot.SON
<br />~•w~rs My Cc~ur. Exp Nov. 12, 1983
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