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<br /> �tORTCAGG
<br /> AfORTGAGGL0ANN0. � 2Z,5Z5
<br /> � ICNOWALLh1ENBYTHESEPRGSENTS:That Volney D. Lofgreen and Mary E. Lofgreen, 2dCh ifl h1S hcld �
<br /> �; her own right and as spouse of each other,
<br /> Mortgagor,whether one or more,in consideration of the sum of
<br /> ¢ ThirtY-four Thousand and No/100-------------------------------------------------- no[.�nRs ,
<br /> loaned to szid mortgagor Uy Tf�e Equitable Building and Luan Associatiun oCGrand Island,Nebraska,Afortgagee,upon 340 shares of stock oC
<br /> � said pS50C1ATlON,Certificate Na L 22 5�5 ,do hereby grant,convey and mongage unto the said AS50CIATION the following
<br /> ,i describod real e:tate,situated in Hall County,He raska:
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<br /> F LGT TAELVE (12) IN BLOCK 'fW0 (2) IN DICKEY THIRD SUBDIVISION
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<br /> A RE-SUBDIVISION OF ALL UF BLOCKS TWO (2) AND THREE (3) DICKEY
<br /> > SUBDIVISION AND ALL OF BLOCKS ONE {1) AND 1W0 (2) DICKEY SECOND
<br /> " SUBDIVISION, Of THE CITY OF GRAND ISLAtJD, HALL COUNTY, NEBRASKA.
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<br /> ° togethei with all the tenements,hereditamenls and appurtenantts thereunto beloneing,including attached iloor coverings,all window screenr,
<br /> window shades,blinds,storm windows,awnings,heating,air conditionine,and plumbing and water equipment and accessories therero,pumps,stoees,
<br /> rcfrigtrators,and ottcer Gxtures and equipment now m herea(ter attached to or uud in connection with said real estste.
<br /> � AnJ whereas lhe said mortgagor has agreed and does hereby agrce tliat the mortgagor shxll and will pay all taxes and asseuments levied or
<br /> � � . assessed upon�said premises�nd upon this mortgage and the bond secured thereby before the ame shall become delinqumt;to fumish approved� � . �
<br /> `; in:urance upr,n the 6uild'uigs on said premixs situ�ted in the sum of S 34��Q�.�� payable to said ASSOCIATION and to deliver to said .
<br /> ASSOCIATION the poGcies for said insurance;and not to commit or permit any waste on or about said premius;
<br /> � In case ot default in the performance oCany of the terms and conditions of this mongage or the bond�ucured hereby,the mortgagee shall, . � � �
<br /> � � . on demand,be entitled to immrdia[e ponession of the mortgaged premises and the mortgagor hereby as:igns, transfers and sets uver to the . � ..
<br /> . morteacee all ttm rents.revenues snd income m be derivrd Irom the mort¢aced oremises durine such time a:the moneaee�indebtedness shall remain� � � �
<br /> 3 �� � unpaid:and the mortgagee shall ha��e the power to appuint any agent ur agents it may desire for the purpou oC repairing said premises anJ rrnting � �
<br /> � � the svne.and cullec[ing tht rents,revenues and intnme,and it may pay out�f�id incnme sll expenses of repairing said premiu:end necetsaryr� . . � � � �. . . .
<br /> mmmissions and expenses incurred in renting and managing the samn and oC collecting rentals therdrom:the balance remaining,it any,to be � � �
<br /> applied toward the discharge of said mcng:,ge:ade6ted�esr,these rights of the morteagee may be esercised at any time during the exis[ence oC such � . � � -�� � ��
<br /> ; default,ir¢sptetive of any temporary waiver of thc same. � . . �}
<br /> �� These Presents,huwever,arc upan the Condition,That i!the said�fortgagor shall repay said loan on or 6efore the matucity of said sharcs by � . �� � -
<br /> "'j � payment;pay monthly to said ASSOClATiON o(the sum specified in the Bond secured Lemby as interest and p�incipal on said loan,on or before -. � � �
<br /> the Twentieth day of each and every month,until uid loan is tully paid;pay xll taxes and assessmtnts leried against uid premises ar.d on Ihis Afortgage � � � .�
<br /> j and the Bund secured thereby,betom delinquencp;furnish approved insurance upon thc buildings thereon in the sum of S$G OOO.00 paya6le
<br /> �� to said ASSOCIATION;repay to said ASSOCIATION upon demand all money 6y it paid for such taxez,asseuments and insurance with interert at � � � ��
<br /> �he mar.imum lega!rate thereon from date o(payment all ot which bforteagor hereby agrees to pay;permit no waste�n said premises;keep and comply
<br /> ' wiih all the agreements and condi[ions of the Bond for 5$t} OOO.00 �fiis day given by the said Alortgagor to said ASSCH:IA'[IUN,and compiy
<br /> `� with all the requirements of the Constitution and ByLaws o�said ASSOCIATION;then these presents�I�all become null and void,otherwise they
<br /> � shatl remain in full force and may be foredosed at the option of the said ASSOC1ATfON efter fsilure (or t}uee months ro make any oC said � �
<br /> '���: paymonts or be three momhs in arrears in making said munthly payments,or to keep and cumply with the agreements and condi[ion:of ssid Dond: .
<br /> and:llortgagor agrees to have a receiver appointed forthK�ith in such foreclusure procsedings. .
<br /> It Ihere is any change in ownership of the real estate murtgaged herein,by sale ur otherH�se,Ihen the rnt¢e remaining indebtedneu hereby �
<br /> `; ucured shall,at d�c option uf The Equitxble Building and Loan Assocution of Crand Island,Nebraska,bewme immediatdy due nnd payabto without
<br /> further notice,and the amount remaining due under said bond,and any other bond for sny additional adrsnces made thereunder,shall,from the
<br /> date of exercise of said option,bcar interut at the rtuximum tegal tate,and this mortgage may then be fomdosed[o satisCy the amount due on mid
<br /> ; bond,and any othu bond for additional advantes,togcther with all sums paid by s�id Tha Equitabie Buiiding and Loan Association of Grand Island, . � �
<br /> ,�,;�:�;i Nebraska:or insutance,taxes and asseuments,and a6stracting extension charges,with interest theteon,Imm date oC payment at the macimum �
<br /> , :{ legal rata.
<br /> As prorided in the Bond ucured hercby,while this murtgage remains in effect the morigagee may hereafter advance additional sums to the � '
<br /> maken of said Bond.�he'u assigns o�suacssors in interest,which sums shall be witliin the securiry of this mortgage the same as the lunds orizinally
<br /> ucured thercby,the total amount o(principal debt not to exceed at any time the original amount of this mongage. _
<br /> ; ? D ��n;s , qt i d'>�°� February ;,.D.,i� ��
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<br /> ' S Volne . Lof r e � / �h��.�� � �-��.l�r,.�.
<br /> y , g �dary G�/. Lofgreen:
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<br /> STATE 0�NLBRASf:A,�� On this 9tfl day of February 19�� ,be(om me. `
<br /> COUNTY OF NALL �� � ;•
<br /> thC un etsi ed, N ta Public in an f r said ounty rsonally e
<br /> Volney D. Lofgreen and Mary E. Lofgreen, each in �is�"an� �ier�own rig��' an�as ��`ouse o`� �'� :, '.
<br /> BdCh other, whodpe petsonally known to �, >
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<br /> me to be the identical person S whoss namS a re a(fixed to the abore instrument as mortgagor S and they severally �,
<br /> acknowledged the said innrument to be thei r voluntary act and deed. �
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<br /> G'ctVER4l9�.?Y����y nd and Notaria!Seal the date afuresaid. .�/��
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<br /> � Votary Pub
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