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79-- .~`~
<br />Mt;6RTC.AG E
<br />MORTGAGE LOAN NO. L 23,634
<br />Subject to L~ 22;7T4- "
<br />xi+!owAl.ttaENBYTItESEpttESr:NTS:That Jerome Kosmicki and Norma J. Kosmicki, each in his and
<br />her awn right, and as spouse of each other
<br />-Mortgagor-whether one or more, in wrtsideratimt of the stem of
<br />Seven Thousand and Not100-------------------------- --------°------------- noct_.ARs
<br />lea:.eti to said mortgaa"ar !,y The Fquiiabk Building and Lawn Association of Crand Island, Nebraska, Mortgagee, upon 7D shares of :rode of
<br />said ASSOCIATION, Certifipte No. L 23,634 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT THREE (3} ISLAND ACRES No, 9 AN ADDITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />Subject to prior mortgage to the mortgagee herein, in the principal amount of Thirty-
<br />eight Thousand Eight Hundred ($38,800.00} dated June 28, 1977.
<br />_ together with all the tenements, hereditament: and appurtenances thereunto belonging, including attached floor coverittgs, a6 window screens,
<br />window shades, blinds, storm windows, awnings, heating, air cunditioaing,and plumbing and .vaterequipment and accessor#es thereto,pumps,stovss,
<br />,refrigerators, and other factures and equipment now ar hereafter attached to or used in connection with raid real estate.
<br />' And whereas the said mortgagor has agreed and does hereby agree that [he mortgagor shall and wID pay all taxes and asaesstrrents [ivied or
<br />~' assessed upon said premises and upon Utis mortgage and the bond secured thereby before the same shall became delinquent; to furnish approved
<br />insurance upon iho buildings on said premises situated in the sum of 5 7 , DDD. UQ payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the palicees for said insurance; and not to commit or permit any waste on or about add premises;
<br />In case of default k the performance of any of the terra: and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, Ire entitled io imrr~diate gcrssessian of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee alt the rents, revenues and income to be derived from rho mortgaged premises during such time as the rttortgage indebtedness shah remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it easy pay out of said income all expenses of repairing said premises and accessary
<br />wmntissions and expenses hrcurred in renting and managing the same and of colkctirsg rentals ther-from; the balance rcnrainfng, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any tune dtuitrg the existemce of sttctt
<br />default, irrespective of arty terrrporary waiver ot'[he same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor she!) repay said loan on or before the maturity of said shares by
<br />gaymenl; pay mernihly to said ASSOCIATION of the sum specified in the Bond secured hereby as interttt and principal on said lean, on or t>afore
<br />the. Twentieth day of each and every month, anti! said loan u fully paid; gay all taxes and as~ssrrtenta levied against said premises and oa this Mortgage
<br />and the Bond secured thereby, before detinqueuey, furnish approved insurance upon fhe buildings theteun in the stem of S 7 ~ OIjO, ~Q payable
<br />to said ASSOCIATION: repay to said ASSOCIATION upon demand a6 money by it paid for such taxes, assessments and insurance with intercrt at
<br />*_he- rreximum I^_ga! rate €herean foam date of payr:cent a!! of wlsich Marigagrsr hereby ads to pay;pcrrnt ntr w-a-ste on amid prerrtis><sp ~.~ ~~-'y
<br />- ~.th all-tIx agreetnsats and conditions of the Bond fur 5 7 ,{IOD. DD #his day git,~nn by the said- #ortgagar to said ASir-t3C1A-TfiON, anti comply.
<br />with a6 the r~uirernents of the Constitution and By-Laws of said ASSO('{ATION; then these presents shah became null and void, otherwise they
<br />shah remain in fail farce and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three months in arrears in making said montkdy payments, or to keep and comply with the agceertrents and tnnditions of said Band;
<br />and Mortgagee agrees to have a receiver appointed forthwith in such forerJosure proceedings.
<br />tf there is any change #rt ownership of [he real estate mortgaged herein, by sale or otherwise, [hen the entire remaining indebtedness hereby
<br />secured shall, at ehe option of The Equitable Building and Loan Assceiatian oC Grand Island, Nebraska, become immediately due and payable without
<br />further native, and the amount remaining due under said bond, and any other bond for any additional advances trade thereunder, shsdl, from the
<br />date of exercise of said optn:n, bear interes€ at the maximum legal rate, and this nxxtgage may then be foreclosed to satisfy the amotmt due on acid
<br />bond, and any othzr band for additional advances, tagettter with all sneers paid by said The Equitable Bw'iding and Loan Asatrciaiian of Grated Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rite.
<br />As provided in the Bond settued hereby, while this mortgage remains in cn'ect the mortgagee may hereafter advantx additional stems to the
<br />makers of said Bond, their asvigru ar succaswrs m interest, which sums shall be within the xcurit_v of this martgagt the :erne as the funds originally
<br />sutured thereby, the total artrount of prirtcipal debt not to exceed at any tistte rho original artwunt of this nrartgage.
<br />-1oaiea this 2tlth dvY of November A.I).. 19 79
<br />r /
<br />y . ~at~i, ~ ._. _ ~. __~-_._
<br />~J, Kosmicki
<br />STAYS 0;= NEBRASKA,
<br />COUAffi1 aE HAI.[. ~ ~. On this 2Oth tleY of November t ~ 79 ,before rite,
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Jerome Kosmicki and Karma J. Kosmicki, each in his and her own righ~a and as s~o~us~ ~f each
<br />.other are Y nown to
<br />me to he the identical person $ whose Warne S are affixed €a the above inatrttir:ent as mortgagor 5 and they severally
<br />acknowledged the said instrutrrent to be their vatuntary art and deed. ~'` ~ ~' s
<br />WITNESS my hand and Notarial Seal the-date afutesaid. ! ~ ~~,' %% ,
<br />My Commission expires ' i` ~ '
<br />_ --teary P~bh~ -ter
<br />to-zrczat w / ~ ~ / ~ - ~-~ L' ,(~GENE',~c NOTARY-Siate of Nebraska
<br />JAFA[S W. OLSON
<br />"~ My Comm. Ezp. Nov. 72, 1933
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