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<br /> _ 7s-�.��31�09
<br /> MORTGAGE
<br /> � MORTGAGE LOAN NO. L '
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<br /> KNOWALLMENBYTHESEPRHSENTS:That Larry L. Jeratowski , d single person
<br /> �' Mortgagor,whether one or more,in consideration of the sum of ' �` � (;�'�
<br /> ' Sixteen Thousand and No/100-----------
<br /> ---------------------------^---^-- -------DOLLARS
<br /> � loaned to said mortgegor by The Equi[able Building and Loan Aswciation of Crand Island,Nebraska,Mortgagee,upon 160 shares of stodc of .
<br /> ; said ASSOCIATION,Certificate No. L 23,035 ,do hereby grant, convey and mortgage un[o the said ASSOCIAT/ON ffie following �
<br /> described real estate,situated in Hail County,Nebraska: ��
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<br /> THE EAST FORTY-EIGHT AND FOUR TENTHS (E 48.4) FEET �
<br /> OF LOT FIVE (5) IN BLOCK THREE (3) OF HANN'S SECOND ;; ;�;
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<br /> ADDITION TO THE CITY OF GRANO ISLAND, NEBRASKA. ' {;'
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<br /> �, together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window scresns,
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<br /> � window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves, ..;;;t i�
<br /> rcfrigerators,and other Gxtures and equipment now ur hereaF[er attached to or used 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 assessments levied or r ��*� �
<br /> ' assessed upon said premiaes and upon this mortgage and the bond securg¢t e e y b fore the same shall become delinquent;to furnish approved � 'c�
<br /> �� insurance upon the buildings on said premises situated in the sum of 5 lO e���•0� payable to said ASSOCtATION and to deliver to said , d'. '� ^'�
<br /> i ASSOCIA'f10N thr policies for said insurance;and not to commit or permi[any waste on or about said premises; - � �� �.
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<br /> � In case of deFault in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee staall, �
<br /> ? on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the � � � ��
<br /> mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain ( �..��
<br /> unpaid;and the mortgagee shall have the power to appoint any agen[or agenis it may desire for the purpose of repairing said promises and renting � �L
<br /> the same and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premises and necessary - �; �.
<br /> commissions and expenus incurred in renting and managing the same and uf collecting rentals therefrom; the balance zemaining,if any,to be
<br /> applied towazd the discharge of said mortgage indebtedness;thex rights of the mortgagee may be exercised at any time during the existence of such �!
<br /> � default,irrespective of any temporary waiver of the same.
<br /> ` i These Presents,howeser,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shares by -r +�x-
<br /> payment:pay monthly w said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or before , ir
<br /> . j the Twrntieth day of each and every month,untit said loan is fully paid;pay all taxes and auessments levied against said premises and on this Mortgage .
<br /> , and the Bond ucured thereby,before delinquency:furnish approved insurance upon the buildings thereon in the sum of S 16����.�� payable � � ""���
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interesi at �,;�'�'�
<br /> the maximum legal rate thereon from date of payment ali of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and compiy '°
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<br /> with all the agreements and conditions oC the Bond for S 16,OOO.OO this day given by the said Mortgagor[o said ASSOCIATION,and comply .�'"•
<br /> with all the requirements of the Constitution and By-l.aws of said ASSOCIATION- then these preunts shall becomo null and void,otherwise they ��• .
<br /> shall remain in full force and may be foredosed at the option of the said ASSOCiATION aCter failure for three months to make any of said �
<br /> payments or be three months in arrears in making said monthly payments,or to keep and comply wit6 the agreements and conditions of said Bond; ''�:
<br /> �` and Mortgagor agrees to have a rcceiver app.�inted forthwith in such foredosure proceedings. �`Fs� '� �
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<br /> If there is any change in ownership of the real estate mortgaged herein,by sale ur otherwise,then the entiro remaining indebtedness hereby �'�a"'`^'
<br /> .-� secured shall,at the option of The Equitable Building and Loan Association uf Grand Island,Nebraska,become immediately due and payable without Y�a ,p,�''
<br /> + further notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the s��
<br /> date of exerciu of said option,bear interest at the maximum legal rate,and this mortgage mey then be foredoud to satisfy the amount due on said r��yy
<br /> � � bond,and any other bond for additional advances,together wi[h all sums paid by said The Equitable Building and Loan Association of Grand Islsnd, � ��i �'"}� -
<br /> Nebraska for insurance,taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment at the maximum ,�'�"?':.��'a.,�,"
<br /> � legal wte.
<br /> As provided in the Bond secured hereby,while this mortgage remains in effect the mortgegee may hereafter advance additional sums to the
<br /> makers of said Bond,their assigns or successors in interest,which sums shall be within the security of this mortgage the same as the funds originally
<br /> ;�.� - � secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgaga �
<br /> � D this t1�4%�llL[ March A.D..19]$ � . .. . .
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<br /> ar . eratows ci
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<br /> �� � .. . ,.�:
<br /> ; STATE OF NEBRASKA,t� On this l�th day of March 19�8 ,before me, �' i�:. `
<br /> j COUNTY OF HALL S },_ '
<br /> the undersigned,a Notary Public in and for said County,personally caane � �`"t''��
<br /> �' Larry L. Jeratowski , a single person � ''���,
<br /> � � .� who 15 permnally knowrt to
<br /> � me to be the identipl perwn whose name j g affixed to the above instr t as mortgagor and he SF� '� ��"'��'"
<br /> . .acknowledged the said instrument to be }ll S volun[ary act and deed. � , �/ i �* .�
<br /> WI7NGSS my hand and Notariai Seal the date atoresaid. , /!� / ' �`t .:
<br /> � . � My Comm'usion ex ires �/ . / /
<br /> �'�f�..-�/G'`� v «� �
<br /> . �•SH AIpM1� � 1nY .y..n.. ' � , Notary PubI�T
<br /> +� AM ��: .,. i`'_l�- /Z. /�' '"7 � �,.. �
<br /> . +�s� MyLnmm.ERp.�.ov.G'_1979
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