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gv- 1009651
<br />MORTGAGE -------- �_ --_ -- i
<br />F MORTGAGE LOAN NO. I. 24,462 _
<br />KNOW ALL MEN BY THESE PRESENTS: That Floyd D. Zilanund and , Iary M. Zikmund, each in his and
<br />her own right and as spouse of each other, Mortpgot, whether one or mote, in consideration of the sum of
<br />Tu elve Thou and Five Hundred arlrl nD /],QQ.= °— '—' - -- _----- ~-- ----- -- --DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 125 stares of stock of
<br />said ASSOCIATION, Certificate No. L 24,462 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Two Hundred Sixty (260) in ;%lest. Lawn, an addition
<br />to the City of Grand Island, Ball County, Nebraska.
<br />together with all the tenements, heredilaments and appurtenances thereunto belonging, including; attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto,pumps,stoves,
<br />refrigerators. and other fixtures and equipment now or hereafter 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
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 12 500.00 payable to sand ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; •nd not to commit or permit any waste on or about said premises;
<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 shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and true 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 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 may pay out of said income all expenses of repairing said promises and necessary
<br />balance if to be
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the remaining, any,
<br />applied toward the discharge of said mortgage indebtedness; these 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 />These Presents, however, are upon the Condition. That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum 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, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 12, 500.00 payable
<br />to said ASSOCIATION: repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum Legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises ;kcep and comply
<br />with all the agreements and conditions of the Bond for 5 12, 500, 00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then these presents shelf become null and void, otherwise they
<br />stall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to snake any of said
<br />payments or be three months in arrears in making said monthly payments, nr to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />" If there is any range in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire retnaining indebtedness hereby
<br />secured stall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances nabe thereunder, shall, from the
<br />date of exercise of said option, bear inletest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond, and any other bond for additirmal advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />rakers 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 mortgage -
<br />1y+ this 22nd day of February A. n., 19 66
<br />STATE OF NEBRASKA, ss On this 22nd day of r'ef,ru; =ry 1986 before ere,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally rime
<br />Mary M. Zikmund, each in his and 1-t r own right x1d as spuusc o ach
<br />Floyd D. Zikmund and w to person y Vnown to
<br />an
<br />Ottk r,
<br />r
<br />me to he the identical person S whew name o are affixed to the atuwe ittsnrurrxnt es murtffagor S and tiv..y severally
<br />acknowledged the vtd instrunwrit to %De t-+ •'3.t v:,luntary act and derd,
<br />x
<br />.
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<br />Jr7 \,Diary 9•uhhc.
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