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8�... 104335
<br />MORTGAGE _
<br />MORTGAGE LOAN NO. _ L 24,5R3 AML
<br />KNOW ALL MEN BY THESE PRESENTS: That David J. Stoddard, DDS and Kathleen L. Stoddard; and
<br />Jon M. Zajioek, 1x76 and LynnE. Zajioek, each in his and her own right and as spouse of
<br />each other, Mortgagor, whether one or come, in coadderation of the soon of
<br />Ow 01ndred Thrnroand and no '1100 _-= 41OLLAR$.
<br />based to said mortgagor by The Equitable Budding and Loan Association of Grand island, Nebraska. Mortgagee. upon 1000 shares Of mock of
<br />said ASSOCIATION, Certificate No. L 24,583 . do hereby grant, convey and mortgage unto the said ASSOCIATION.the following
<br />descrAW real estate, situated in Hall County, Nebraska:
<br />Lot One (1), Medical Park Fifth Subdivision, in the City
<br />of Grand Island, Hall County, Nebraska.
<br />together with all the tenements, hereditarnents 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 stall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 100, 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and 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 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 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 premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time dudrig 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 slaves 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 ail 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 100, 000.00 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; keep and comply
<br />with all the agreements and conditions of the Bond for S 100 1000. Whis 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 shall become null and void, otherwise they
<br />shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after 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 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 change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, 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 made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bwnd,and any other bond for additional advances, together with all sutras paid by said The Equitable Budding 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, white this mortgage remains in effect the mortgagee 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 ano t of this mortgage
<br />th' L(31, day of July A. D. Ic 186
<br />.. j(
<br />fi STATE OF NEBRASKA, On this 30[11 day of July 19136 before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personalty came
<br />David J. Stoddard, DDS and Kathleen L. Stoddard, husband and wife;w9V J011 M. Lad nwn -
<br />bIo
<br />and Lynn E. Zajioek, husband and wife are pen
<br />me to be the identical persons whose name S are affixed to the above instrument as mortgagor _9 and U�V severally
<br />acknowledged the said instrument to be their voiuniary act and deed.
<br />WITNESS my hand and Notarial Seal the date aforesaid.
<br />_ r
<br />My Commission ;spires f�i * .�. ,,,,' j. / �f �f ,' - - •
<br />Notary Puhlir
<br />rarerr na ���a
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