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<br />MORTGAGE: __
<br />____-_~..___. ,~_.---~z~_-------,__...~~~ W.. MOrcTGAGf. LOAN NO_ L~23 , 61 r3
<br />IavowAl.E.MEN$vTtlFSt:plr~sENTS:That Ed Kolar, Jr. and Donna B. Kolar, each in his and her own
<br />right, and as spouse of each other
<br />Mortgagor, whether one or more, is consideration of the sum of
<br />Nineteen Thousand Nine Hundred Fiftv and No/100----------------------------------- DoI.L~ts
<br />laantd to said mortgagor by The Equitable $udding and Loan Association of Grand [stand, Nebraska, Mortgagee, upon 200 sttarts of stock of
<br />said ASSOCIATION, Certificate No. L 23,612 , do hereby gran[, convey and mortgage unto the said ASSOCIATION the follawi~
<br />described real estate, situated ir. Hall County, Nebraska:
<br />LOT FOUR (4) IN BLOCK ONE (1) IN KOEHLER PLACE AN ADDITIOiJ
<br />TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all the tenements, herediiaments and appurtenances thereunto bPlanging, inctuding attached Hoar coverings, all window sacens,
<br />window shades, blinds, storm windows, awnings, heating, air cxmditioning,and plumbing and water equigtnentand accessories thereto,pumps,stoves,
<br />refrigerators, and other fixtures and equipment new ar hereafter attached to or ttsed in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and A~'~++•^ts teviai ar
<br />assessed upon said gremiscs and upon this mortgaoce and the band secured thereby before the saint shalt become delinquent; [o fitrni~t approved
<br />insurance upon tbe buildings on raid pretttises situated in the sum of S 1 } 950. DO payable to said ASSOCIATION attd to dttiver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In case of default in the performance of any of the terms and conditions of this mortgage or [he bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate gassession of fire tnertgaged premises and the ntortgagar hereby assigns, transfers and sets avxr to [he
<br />mortgagee a$ the rents, reventtts and income to be derived from the mortgaged premises during such time az the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the pewee to appoint any agent or agents it may desire for the purport of repairing said premises and tenting
<br />the same and collecting the rents, teventtes and income, and it may pay out oC said income all expenus of repairing said prcmius and neaaary
<br />commissions and exgen~s incurred in renfvtg and managing the same and of collecting rerstals therefrom; the balance rctrlainiteg, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exert.YSed at any time dtuvtg the existence of such
<br />default, irrespeetive of any temporary waiver of the cant.
<br />75?est Presents, itow~ever, are upon the Canditiun, That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secwed hereby as interest and principal on said loan, on or before
<br />the Twtntitth day of each and entry manth, until said lean is fully paid; ~y all texts and assessments levied against said premises and on this ktort~
<br />and the R,ond stturtd thereby, befirre'±etinquency; €itmish approved insurance titxtn the buildings thereon in the sum of 5 19,9 eJQi. QQ payable
<br />to saki ASSOCIATION; repay to said A~SOCIATEON upon demand all money ;ty i[ paid for such texts, assessments and instu~ance with interest at
<br />the itta~imum ltgati race lhcre~n frnr~r riate of oayrnent all of wh~h Mortgagor l+.ertby agrxs to {~ay;,~rmit :m waste an said prrrnises;k..~r, acrd ~rs~.ly
<br />with alt the agrcerrxnts amd s~ndit~arts of x=ht $and :or ~ 19, QJ~D-, OQthis day give-n by ilte said Mortgagor to said ASSi;CIAT€ON, ami-t~,-np
<br />with all tttt requirements of the Constitution and By-laws of said ASSOCIATION; then then presents shall betrome mill and void, otherwise Lhcy
<br />shaII remain in fall force and may be foreclosed at the option oC the said ASSQCtAT10N after fai[tut for three ttwnths to make any of said
<br />paytnts or be three ittonths u: arrears in making said monthly payments, or to keep and comply with cite agrcernents and conditions of said Band;
<br />and Mortgagor agrees to have a rcceiser appointed forthwith in such foreclosure proceedings.
<br />tf there is any change in ownership of the rest estate mortgaged herein, by sate or otherwise, then the entire reroaining indebtedness hereby
<br />secttred shall, at the option of Tht Equitable Building and Loan Association of Grand Island, Nebraska, become irnnted'tately due and payable wittntut
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances toade thereunder, shah, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this miorigage may then bt foreclosed to satisfy the amount due on sad
<br />bond,and any other bond for additioral advancxs, together with act sums paid by said The Equitable $uitding and Loan Association of f,rand Island,
<br />Nebraska for insurance, texts and sssersrnents, and abstracting extension charges, with interest thereon, front date of payment at the naximam
<br />Legal rafc_
<br />As pravided in the Bond accurst hereby, while this mortgage remains N etTect the mortgagee may hereafter advance additional sums to the
<br />makers a( said Bond, their s or sucrxssors in interest, which sums shall be within the sectuity of this mortgage the Butte as the funds originally
<br />secured thereby, the total a_ te0~ of prirteigal debt not to exrxeel at any lime the original amount of this mortgage.
<br />tl<i f day of November A. D., Iv79
<br />,..
<br />r. _ ~ -__
<br />.,vim
<br />Donna B, Kolar
<br />-STATE OF NE$RASICA, ss. On this da of 19 ,before cot,
<br />COUNTY of IlatL ~ 6th y November 79
<br />L the undersigned, a Notary Public in and far said County, personally came
<br />Ed Kolar, Jr, and Donna B. Kolar, each in his and her own right, at~t~as spouse~o~f~y ca ho~oer
<br />are
<br />cot to be the identical person S w'~ narrte S dre affixed to the abo nt as mortgagor S and they severttity
<br />acknowledged tltt said instrutneat to be their wluntary act and deed. ~--
<br />i
<br />wITNES,S my hand and Netariai Seal the daft aforesaid. ~%-
<br />MyC.ommitionexpires ~ ~'~ _ "~ ~'i"~ %',
<br />~, _ , ~ - ~~
<br />i@7&YM RI
<br />/,~G.i~.,t~ ;'0`.,"i t'~ ,.-,,;.=.brash
<br />¢'- --'"' t9y Ccrnm~Faa+ t;av. i2, 1983
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