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86-106545
<br />MORTGAGE LOAN NOJ � 249684
<br />KNOW ALL MEN BY THESE PRFSENTS: That Glenn G. Gosda and wilma M. Gosda, each in his and her
<br />own right and as spouse of each other, �tpox. vdads r one or am, consideration ofoa � of
<br />Twenty Si Thougland Two Hundred Fift}L and no /100--------- - ----- - -DO Rg
<br />load to and ttwApprby The Equitable B""fng and Lana Association of Grand falsaed, Nebnaket Wr gape, upon 2I slweaof stock of
<br />said ASSOCIATION, Certificate No, L 24,634 do hereby Vast. convey and morigap unto the add ASSOCIATION tie fo);osiing
<br />dwextled' real estate, situated in Hall County, Nebraska:
<br />North Fifty Eight and Three Tenths (58.3) Feet of the West One Half
<br />(WD of Lot Three (3), of Vantine's Subdivision, located on a part of the
<br />Northwest Quarter (Dist,:) of Section Twenty Two (22), in Township Eleven
<br />(11) North, Range Aline (9) West of the 6th Y.M., Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging..toduding attached floor coverings, all window streets,
<br />window shades, blinds, storm windows, awnings. heatin& ai conditioning. and plumbing and water equipment and accessories thereto, pumfpa, stoves,
<br />"hipreams, and odder fixtures and equipment now or hereafter attached toot used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor snail and will pay all taxes aced aseesame its levied or
<br />messed upon said premises said upon this mortgage and the band secured thereby before the same shall become delinquent: to furnish approved
<br />musasce upon the buildup our said premises situated in the sum of S 26, 250.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said inuranee. 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 the mortgage or the bond secured hereby, the mortgyoe shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, trastters and sets ova to the
<br />mortppe all the tents, revenues and income to be derived from the mortgaged premian during such time as the mor%W indebtedness shag remain
<br />tnpsid: and the mortgeepe shag have the power to appoint any agent or agents it cosy desire for the purpose of repairing amid premises and testing
<br />the issues and eolecting the rents, revenues and income. and it may pay out of said moreme all expenses of repenting said prerrdes and necessary
<br />cosudtimioea and expenses incurred in reetiug and muagng the same and of collecting rentals therefrom; rite balance remaining, if any, to be
<br />apehad toward the discharge of said mortgage indebtedness, these rights of the mortgagees nay be exerched at any time dnthtg the existence: of such
<br />atik, ireveetive of any temporary, waver of the sense.
<br />These hesethts, however. are upon the Condition. That if the said Mortgagor shall repay said loan on or before the maturity of aid sheens by
<br />payment; pay monthly to said ASSOCIATION of the scam specified in the Bond secured hereby n intent and principal on aid ban, on or before
<br />the Tvicatieth day of each and every month. until said loan is fully paid; pay all tastes and assessments kvied against said premises and an this Mor4W
<br />and the Bond segued thereby, before delinquency: fumah approved insursom upon the buildings thereon in the stun of S 26, 250.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all mosey by it paid for such taxes, assessments and insurance with interest at
<br />the maxinwm legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said promises; keep and comply
<br />with all the agreements and conditions of the Bond for S 26, 250.00this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By1sws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />shall remain in full fora and may be foreclosed at the option of the said ASSOCIATION after failure for three months to mate any of said
<br />payments or be three months in attests in making said monthly payments, or to steep and comply with the agreements and conditions of said fond;
<br />and Mortgagor agraft to have a receiver appointed forthwith its Rich forecimm proceedings.
<br />If there is any chimp in ownership of the real estate mortgaged herein, by seek or otherwise, then the entire remaining indebtedness hereby
<br />secured ". at the option of The Equitable Bttaldmg and [.out Association of Grand Isiand.Ne braska, become immediately due and payable without
<br />filtther notice, and the atnouat reasoning fining, due ender said bond, and any otber bond for any additonal advances monk thereunder, shad, from the
<br />dAe'of exaeae 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 />Usad,amd airy other bond for additional advances, together with all sums paid by said The Equitable Btddimg and Loan Association of Grand Island,
<br />Nsitnka fa insurance, taxes and ase»msntn, and abstracting extension dearges, with interest thereon, from date of payment at the maximum
<br />I*d rate.
<br />As rmv&d in the Bond seamed hereby, while their mortgage remdns in effect the mortgagee may hereafter advance a ditwi d sums to the
<br />evolu rs of said Bond. their is m stwoeanxs in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />seaadd thereby. the total annount of principal debt not to exceed at any time the original amount of this mortgage.
<br />7t .'.�daay of November A. D.. 19 86
<br />ir
<br />�^ ✓lei -a ..i /!i. UCI�"'�,L ....�
<br />STATE OF NEfIt MLA, a on this 7th day of November 19 86 . before me,
<br />COUNTY OF HALL
<br />the undersigned. a Notary Public in std for said Cowty, personally Wane
<br />Glenn G. Gonda and Wilma M. Gouda, each in his and her own right and w spouse of�ea "'m to
<br />bttlel",
<br />sec to be at Aft"" person s wW* tomes are affixed to the above instrument n mortgagor S and they !eveaalty
<br />esdnowkdpd the aid inu rmsant to be their voitrotary act and deed.
<br />*IT NISS my hand and Notarial Sad the date aforesaid.
<br />My Casamtiaiean orntrrmes - - ��" �y'+�cF" r � f
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