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<br />MQRTCAGE
<br />MarrcACE LOAN NO. L 23,800
<br />KNONAt1.MENBYTfiFSEI'RFSl7+IIS:7lut Steven J. Usasz, a single person
<br />Ten Thousand and No/100 ---- M~!6s~r'srtWteroae r#ttttart,m~rrtsa0 of the tart of
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<br />Loaned io said mortgagor by The Egtritabk Building artd Lmn Assnciatioo of C:nod Isla:ed, Nebraska, Mortgagx, ttpov ~ OO tthattrx of unet of
<br />tad ASSOCIATION, Certifiate Na. L 23, SOO , do hereby gra;.t, convey and mortgage ttnw the said ASSOCLITION the foBowetg
<br />described real esvte, situated in Nall County, Nebraska:
<br />LOT FOUR {q} iN BLOCK TWENTY-EIGHT 128)
<br />IN THE ORIGINAL TOWN, NOW CITY, OF GRAND
<br />ISLAND, NEERASKA.
<br />together with all the tenemenu, hercdi[aments and appurtrnantxs thereunto belonging, including a[tadred floor eocerings, all window screens,
<br />window shades, blinds, storm windows, awnirtgs, heating, air wnditwning,and plumbing and water egttiprrent arrd accessories thereto, pttrnps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection whit said real estate.
<br />And whereas the said mortgagor has agreed acrd does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby Ixfurc the same shall became delinquent; to furnish approved
<br />instuance upon the buildings on said prertdses situated in the sum of S ~ O , OOO , OO payable to said ASSOCIATION and to delevsr [o said
<br />ASSOCIATION the policies for said insurance; and not to wmmit or pernut any waste nn or about said premises:
<br />In rase of default in the performance of any of the terms and wnditirms of [his tttnrt~x or ~r,s Land .*~ yvred hr.;tby, the r:.ortg~t shall,
<br />on demand, be entitled to immedule posstssion of the mortgaged premtses and the rtx,rtgagor hereby assigns, transfers and sets over [o the
<br />mortgagce all the rrnts, reventttx and inwmc to be derived from the mortgaged premises during such tirtre as the m_rrt°~. indebtedness ahail remain
<br />unpaid; and the mortgagee shall have [he power to appoint any agent or agents it may desire for the propose of rapavivg said premises arid rmti[tg
<br />the same and wiiecting the rents. revenues and income, and it may pay out of said :atone all expetses of repairing saw pren +ge artd necessary
<br />commission acrd expenses l2turrtd in renting and aranagutg the scrum and of r:ollcctitzg renters ihsrefrom; the 6alanee rerrmining, if any, to be
<br />applkd €ows~d the disct:aae of said mortgage utdeb€ednsss; these rights at the mongaixe trtay tx exercised ai any tithe during the existents of sur3t
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are oprrn the Condition, That if the said Mortgagor shalt repay said loan an or before the maturity of said share by
<br />payrrant; pay rrsnthty to said ASSCX:IATION of the sum spe~td in the Lbnd secured hereby as interest and prindpai on said loan, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; ~y e11 taxes and assesmtents levied against said premises anti on [his Mortgage
<br />acrd the Bond secured thereby, before delinyuency; furnish approved insurance upon the buildings thereon N the sum of $1 O ,OOO. OO payable
<br />to stdd ASSOCiAT10N; repay to said ASSOCIATION upon demand ail money by rt paid Cur such taxes, assessments and insurance with interest a[
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay: permit no wasteon said premises; keep and comply
<br />with all the agreements and conditions of the Bond fur S 1 O , DOD. OO dtis day given by [he said Mortgagor [o said ASSOCIATION, and wmp[y
<br />with aU the regtruernents of the Conriitution and By-Laws of said ASSIx:lAT1UN; then these presents shall became nttLL and void, otherwise they
<br />yM,~l w.,_u:~ ir. full farce and may be foreclosed xt [he onliun of the said ASSOCIATION after failure fu: three months to make any of said
<br />payrrcn[s or be thrre months in arrears in making said marthly payments, nr ro keep and comply with [he agreements antl cantlibons of sand bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclasme proceedings.
<br />If there is any change in ownership of the real estate rnor[gagert herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />sectued slta8, at the option of The Eggitable Btstlding and Loan Aswciation of Grand Island, Nebraska,becrorce irmnetxtsly dce and payable without
<br />further notiat, and tbe amount remaining due under said Frond, and any other bond for any additional advances nude theremtder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rats, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond,ax0 any other bond for additional advances, together with all swm paid by said The Equitable Building and Loan Association of Grand Islwd,
<br />Nebraslfa for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal ram
<br />As~rovidsd ir, rite Bond sect(redt hereby, while Phis mortgage remains in effect the mortgagee may hereafter advance additions{ sums to the
<br />makers~nj said Bond, [heirassigns qF successors in interest, which sums shall be within the security of [his mortgage the same as the funds originaby
<br />sstured thereby, the [otal;ar7wunt df principal debt not to exceed at any tin: the original amount of [his nwrtgage.
<br />this 22nd ,.day ~f September A. a., lv 80
<br />Steven J. ~JsaszZ~ ----
<br />STATE OF NEBt2ASKA,~ 22nd Se {ember HO
<br />ss. (Jtr This day of p E') ,before :tw,
<br />COUNTY OF IIAL.1.
<br />Ihs undersigned, a Notary Public ®and fax said County, peru,ualiy saute
<br />Steven J. Usasz, a single person
<br />} who 1 S personaiiy known [n
<br />me to E>: the islenlicai person w{xrsc narrtc 15 afu"xeci fo the abun inzlr}uiicni as mortgagor and tie ~4YvDi#1Sy
<br />adurowkdgsd the sa,d insLUrtrent to tx h 1 S voluntary act and dced_ I
<br />WITNf~S'S my harut and Horace St_i the da±r afc.u.._d l -
<br />My Cornea- av3n exprasa - - _ „~.-
<br />i TM's t~ ~ ;>i„ ~>;,,
<br />a[ait xoe r ::, } - °". ~ h.;tyry~'utrlat~r--
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