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<br />MORTGAGE ~~ '"" X 0 0 5 9 3
<br />MORTGAGE LOAN NO. L 2~, g 6 3
<br />„,*;O~ ALL MbT! BY THESE ~G~EN?S: Tt~t Frank E-. Ito? ar, a s ~i2gle ~rsOt;,
<br />Mortgagor, whether one or more, in oonmdetatioa of the sum of
<br />Severity-six Thousand and PIO/1QQ°=__-----°-°---__~_~..__~~___.~_____w__~~~~
<br />loaned to said mortgagor by The Equitable Building and Lvan Associateon of Grand island, Nebraska, Mortgagee, upon 760 saartx of stoet of
<br />said ASSOCIATION, Certificate No. L 23 , 903 , do hereby grant, convey and mortgage urtty rite sand ASSOCfA770N the foOatrW~
<br />desrxibed real estate, situated in Nall County, Nebraska:
<br />I~YP 7Sd0 (2) IId FAIDLEY PLACE StTBD1VISION
<br />T1V THE CITY OF GRAND ISLFLND, fl2t.CS, CO1RdTSi,
<br />Foaethex with all the teicetrtents, hereditaments and appurtenances thereunto belonging, including attached flour coverings, all window saxes,
<br />window shades, blinds, storm windows, awnings, heating, ai auditioning, and plumbing and water equipment and accamries tbereto,pttmps, stoves,
<br />refrigeraWrs, and other futures and equipmtnt now ar hereafter attached to or uxd m conrtecnon with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the trtortgagor shall and wit! pay all taxes and asxmneats kvkd or
<br />asxsxd upon said premixs and upon this mortgage and the bond secured thereby before the same shall become delingtxtti; to furnish approved
<br />insurance upon the buildings on said prerrtixs situated in the sum of S ]6 QQQ. QO payable to said ASSOCIATION and to deliver to said
<br />ASS~IATION fhe pvlici~s for said insurance; and net !a wmmit or permit any waste u.^. ur about said pr_:.xs:
<br />In cox of default in the performance of any of [he cerms and conditions of this rtmrigage ur the bond xcured hereby, the mortgagee shall,
<br />on derrrortd, be entitled to irnrrcediate possessitir, of the mortgaged premises and the mortgagor hereby assigns, transfers 2nd xU over to the
<br />mortgagx all Ehe rents, reventes and inWln[ to be derived from the mortgaged premises durng such time as the mortgage indebtednem shall remain
<br />unpaid: and the tnortpagae shall have the power to appoint any agent or agenu it ttiay desire for the pucpax of repairing said premixs sari reotio6
<br />the same and aillectirtg the rents, revenues and income, and it may pay out of said iaaime all experixs of repairing said premises and nexsaary
<br />commiasians and expenses incurred in renting and tttanaging the same amt of coilectireg rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights a( the mortgagee may be exercised at any time during the exisletta of sudt
<br />default, inespectire of any temporary waircer of the saux.
<br />Thex Presents, however, are upon Lhe Condition, That if the said Mortgagor shall repay .raid loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the stmt specified in the Bond secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, unt8 said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured [hereby, before delinquency; furnish approved insurance upon the buildings thereon in the stun oC 57( QQQ ~ Q4 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by a paid for such taxes, assessments and »fsurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Martgagur hereby agri~es to pay; permit nu waste on said premixs;kxp and comply
<br />with all the agreements and conditions of the Bond f'or E]( QQQ . QQ this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all [he regtrirettcents of the Constitution and By-Laws o~'said ASSOCIATION; then these prexnts shag bewrne null and void, othetwix they
<br />shall remain in fu6 force and tray be Foreclosed at the option of the said ASJO('iA750IV after failure for three months to make any of said
<br />paymeris ur be three months in arrears in making said mm~thiy payucents, or iu keep and wmply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receirer appointed forthwith in sucfi forecluswe proceedings.
<br />[f there is any change itt owneaship of the real estate mortgaged herein, by sale ur otheravix, then the entue remaining indebtedness hereby
<br />secured °.m .^B, at rice option of The Equltabk Building and Loan Association of C.rand Istatid, Nebraska, becotrce immediately due and payable without
<br />further noFice, and the amount remai:.ing due wrier said bond, and any other bond for soy additional advances dude thereunder, shag, Crom the
<br />date of execrsse of said option, bear interest at the maxiravm hgat rate, and this mortgage may then be foreclosed to satisfy the amotmt dts on said
<br />6ond,ard anv other bond for additional advances, together with all slims paid by said The Egtritabie Bttildittg std Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date oC payment at the mattimum
<br />iepl rate.
<br />As provided in the Bond secured hereby, while thu mortgage rer[tains in eFFect the aairigagee may hereafter advaar;e additional stuns to [he
<br />makers of said Bond, their assigns or successors in interest, which sums skiail be wiUtin the secwity of this mortgage the same as the funds vrigutally
<br />stx:ured tixreby, the total arrwunt of principal debt nut to cx;;eed ai any time the original amvunt of this mortgage. ,
<br />Datodthia 9th day of February
<br />/ ` -pct :'-+'' ~ t~=L._~ e~~iL'~-_'-----
<br />Frank E. Kolar
<br />A. D., l9 $ 1
<br />5!'ATE t2t' NEBItASIr.A,
<br />ss. Qn this 9th
<br />COdINTY Oi~ HALL
<br />day of February tv 81 ,befweme,
<br />the tmdersigned, a Notary Public in and for said County, personally came
<br />Fraatk E. Kolar, a single person, who . is perwnally kauwn to
<br />me to be the tdentrcal person whose Warns ig affixed w Flte abavc insirumeny`as mortgagor and he severally
<br />acknvwkdged the said wstrumei:t to be hiS voluntary act and decd.
<br />"ir`iTN@S,S my hand and Natariai Seal the date aforessid-
<br />My Coannussivn expires
<br />~~~ ai Nbtary )'tiblic
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