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<br />MORTGAGE ~ ~ ~~ i.t ~ ~ t5 0
<br />MORTGAGE LOAN NO. L23954
<br />KNOW ALL MEN BY THESE PRESENTS: That Vern L. Dvorak and Glenda K. Worak, each in his and
<br />her own right and aS spouse Of each other , Mortgagor, whether one or mote, in wnsidention of the mm of
<br />mho rt~_Ei_ght mhnusand and noJ100--------------------------°------------~oua-R5
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 3$0 shares of stock of
<br />said ASSOCIATION, CertB;cate No. L 23954 , do hereby grant, convey and mortgage unto the said ASSOCIATION the foBtawiog
<br />described real estate, situated in Hal! County, Nebraska:
<br />LOT TEN (10) MEADOW LANE SUBDIVISION, HALL
<br />COITNTY, NEBRASKA
<br />together with all [he tenements, hereditaments and appurtenances thereunto belonging, irtciuding attached floor coverings, all window stxesns,
<br />window shades, blinds, storm windows, awning, heating, air conditioning, and plumbing and water equipment and accessories thereto, pttmpa,sroves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or rued in mnneclion with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree [hat the mortgagor shall end wiB pay all taxes and assesarnents levied or
<br />assessed upon said premises and upon this tnor[gage and [he bond secured therebv before the carne shall become delingttent; [o furnish approved
<br />insurance upon the buildings un raid premises situated in the sum of S j$ , 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not"to rnmmit or permit any waste on or about said premises;
<br />[n case of default in the performance of any of the terms and conditions oC [his mortgage or the bond secured hereby, the mortgagee shag,
<br />on demand, be entitled [o imrtudiate possession oC the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee aU the rents, revenues and income to be derived from Lire mortgaged premises dmi-,g such tune as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee snail Fave the power [o ~•pp[tint any agent or agents it nray dealer for the purpose of repairing said premises and rentittg
<br />[he carne and collecting the rents, revenues and income, and it may pay out of aid income aB expenses of repairing said pterniaes and near.ty
<br />cotrunissions and expenses incurred in renting and nanag;ng the same and of wBectirtg rentals therefrom; the balance remaining, if any, [o be
<br />applied toward the discharge of aid mortgage indebtedness; [fuse rights oC the mortgagce may rte exercised a[ any time doting the exffiance n. _a-h
<br />default, irrespective of any temporary waiver of the erne.
<br />These Presents, however, are upon [he Condition, That iC the said Mortgagor shalt repay aid loan on or before the r®tnrity of aid shares by
<br />payment; pay monthly to said ASSOCIA770N of the sum specified in the bond seemed hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, until aid loan is (Wly paid; pay all tarts and assessments Izvied against lair! premises and on this Mortgage
<br />and the Bond secured thereby, befort delinyuency: furnish approved insurance trprrn the betildires thereon in the sum of E j$ , OOO.OO payable
<br />to said ASSOCIATION; repay w aid ASSOCIATION upon demand all money by tt paid for such taxes, assessments and insurantt with interest at
<br />the maximum legal rate thereon from date of payment alt of which Mortgagor bercby agrees to pay: permit no waste on said premises; keep and comply
<br />wi[n all the agreements and mndi[ions of [he Bond fors j$ , OOO OO this day given by the aid Mortgagor to cud ASSOCIATION, and comply
<br />with all the requirements of tht Constitution and By-taws of said ASSOCIATION; then these presents shall become ntt6 and void, otherw~x they
<br />shag remain in full force and may be foreclosed at the option of the said ASSOCIATION aftzr faihue for three months to make any of said
<br />payments or be three months in arrears in making said ,.tonthly payrtunu, or to keep and comply with the agrcerrtenu and conditions of said Bond;
<br />and Mortgagor agrees [o have a receiver aplwmted forthwith in such fomdosm~e proceedings.
<br />I( there is any change in ownership of the real estate mortgaged herein, by ale ur otherwise, then [he entire remaining indebtedness hereby
<br />secured shall, at the option oF'I'he Equitable Building and I.-uan Aswa-iation of Grind Island,Nebraska, become immediarely due and payable without
<br />further notice, and the amount remaining due under aid bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the ntazimum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond,and any other bond for additional adva»axs, together with a6 curets paid by said The Equitable Building and Loan Association oCGrand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extenseon chargzs, with interest thercron, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured fureby, while this mur[gagz remains in effect the mortgagee may hereafter advance additional sums to the
<br />rnalters of aid Bond, their assigns or suca:essors in interest, which stuns shall be within the security of this mortgage [rte same as the funds originally
<br />secured Cher by, the total anwum of pal debt not to exceed at any lino the original amount of [iris mortgage.
<br />a this 5 day of Ju ~ A. D.. 14 81
<br />ern ~ ~ ~ - ~~?~
<br />G a K. Dvorak
<br />- IATE OF NEBRASKA. ~ ss. pet [hu
<br />COI;NTY OF HALL Stfl ~y of June 1481 ,before me,
<br />Vern L. Dvorak and Glenda K. Dvorak, each in his~ariciera Notmryrpig~'it an`~i astds~u~~~`o~"ea~c tom`
<br />Other who are personally known to
<br />r
<br />roe ~to to the identical person S wttuse name S dre affixed [u the above iustrtmx:nt as mortgagor 5 and they severalty
<br />acknowktlged [he said instrument to be their vuttmtaty acf and deed.
<br />WIINFSS my hand and Notarial Seat the date aforesaid. -
<br />My Commission expires / z -~- ' > ~ ~ •
<br />tarsnr ar ~~ ~`~'.. -. _ Natary Puhlic -- _
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