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MORTGAGE MORTGAGE LOAN NO. L 23,621 ICNGW ALL MEN BY THESE PRESENTS: That Frank E. Kol ar, a si ngl a person ---- Mortgagor, whether one or more, in consideration of tlu sum o€ Forty-three 7hottsand Six Handred and No/100---- ---------------- ~~~ IoarR:d to said mortgs~r by The Equitab~ Building aced Lrratr Assaeiaiion of Grand Island, Nebraska, Mortgagee, upon 436 shares of stock of said ASSOCIATION, Certi$cate No. L 23,621 , do hereby grant, convey and trmrtgage unto the said ASSOCIATION the Following described teal estate, situated in Halt County. Nebraska: LOT SEVEN (7), ROSS-THEASi~iEYER SUBDIVISION, NALL COUNTY, NEBRASKA togtthcr with all the tenements, hereditaments and appwtenanms [hereunto belonging, in~tuding attached Hoar coverings, sl! window screens, .window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves, refrigerators, and outer frxtures and equipment now or hereatter attached !o or used in wnnectian with said real estate. And whereas [he said mortgagor has agreed and does hereby agree that t_he mortgagor shall and will pay all taxes and assessments levied or assessed upon said premises and upon [his mortgage and the band secured t}rerebv before the same shag became delinquent; to furnish approved insurance upon the buildings on said premises situated-in the sum of S 43,600.00 payable to said ASSOC1AT1pN and io drliver to said ASSOCIATION the policies for said insurance; and not to commit or permit azty waste on or about said premises; In case of default in the performance of any of the terms and conditions of this mortgage ar the band secured hereby, the rttortgaget rltall, on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the ntoH~gee all the rents, revenues and incomt to be derived from the mortgaged premises during such time as the mortgage indebtedness shag reman unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the propose of repairing said premises and renting the same and Collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be -applied toward the discharge of said tnottgagz indebtedness; these rights cf the mortgages may be exer•ised st any time durirtg the ~.xistenm of siteh default, irrespective many temporary waiver of the same. There Presents, however, are upon the Condition,'{'ha[ if the said Mortgagor shall repay said loan on or before the maturity of said shares by payrnenl; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said -oan, on or before the Twentieth day oC each and every month, until said lase is Cully Paid: pay alt taxes and assessments levied against said premises and an this Morrga~ and the Sand sec-tire=d -ehr.eby, bafor~ dciinqucncy; Cornish approved insuranu. uran rfie buildings ihet~on i;. the soot of $ 43 , ©OO. OO payable to said ASSOCIATION; repay to said AS50C1ATION upon demand a!I money by it paid fur such taxes, assessments and insitrantx with interest at tie ruaximum legal rate tfierean from date of payment alt of which Mortgagor icereby agrees to pay; permit tto waste on said pretnises;keep and oampiy with alt the agreements and conditions of the Bond far S 43,60O.OOthis day given by [he said Maregagoe to said ASSOC1AT10N, and wmpiy with all the requirements of the Constitution and By-Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they shag remain in full farce and may be foreclosed at the option of the said ASSOCIATION after failure for throe months to make any of said payments or be three months in arrears in making said monthly payments, or to keep and comply with the agreenttms and conditions of said Bond; and Mortgagor agrees !o have a receiver appointed Curthwith in such foreclosure proceedings. if there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the ent'ue remaining indebtedness hereby secured shah, at the option of The Equitable Building and Laan Association of grand Island, Nebraska, become immediately due and payable without Ctrrther notice, and the amount remalnitig dot under said bond, and any other bond for any additional adventts made thereunder, shag, from the date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be forcdoscd to satisfy the amount dice on bond, and any other frond far additional advances, together with all sums paid by said The Equitable Buitdiug and Loan Association of Grand Is~ad, Nebraska for insurance, tars end as~surtents, and abstracting extension charges, with interest thereon, from date of payrrent at the auttimtrm legal rate. As prarided in the Bond secured hereby, while this mortgage remains in effect the nwrtgagee may hereafter advance additional sutras to the rttaktrs ai said Bond, their assigns of succtssors in veterest, which sums shall be within the security of this mortgage the same as the funds originally secured thtreby, the total amattnt of principal debt not to exceed at any tithe the original amount of this mortgage. Dates this 15th day of November A. D., l9 79 .Frank E. Kaiar STATE OF 14rEBRAS'KA, ~ ~: On this 15th COUNTY OF HALL Frank E..Kolar, a single person _ day of November ty J4 ,baton rot, ttte undersigned, a Notary Public in and for said County, personally loom who j S personally krawn to r}~_ me io be the identical person whose ,,~ ~"'} $"-• 'j,: ai~itced to the above instrument as mortgagor and he lld4~dgly acknowledged the said instrument to be ~~~ ~~ _~ voYunt deed- 1NTI'NESS my harod ands atartil Sca-, ihr date-at7greaL My Commission expiresyy ~r~r~~~ . 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