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<br /> �l-_ ����)37�5 �
<br /> MORTGAGE
<br /> MORTGAGF LOAN NO. � 22��6
<br /> KNOWALLM&NBYTHESEPRES6NTS:That John E. Pfeifer dllC� LOlS A. Pfeifer, 2dCf7 1!t h15 dtld
<br /> � he r ,own right and as spouse of each other
<br /> � ______�Mortgagor;whether one or more_in cons-deration of[he sum of ;
<br /> , Forty-Four Thousand and No/100-------------- �oLLAr�s
<br /> ]oaned xo said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 44� shares oF stock of
<br /> said ASSOCIATION;CertiCicate No. L 22��6 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the fo(lowing
<br /> described real estate,situated in Hall County,Nebraska:
<br /> LOT TWENTY (20) WESTERN HEIGHTS THIRD
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<br /> SUBDIVISION, HAIL COUNTY, NEBRASKA.
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<br /> together witli all the tenements, hereditaments and appurtenances thereunto belonging, including a[tached floor cuverings,all winduw screens,
<br /> �.window shades,blinds,stonn windows,awnings,heating,air conditioning,and plumbing and wa[er equipment and accessories therete,pumps,stoves,
<br /> '' � refrigerators,and other fixtures and equipment now or hereaCter a[tached to or used in connection with said real estate. � � ��
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<br /> ' � � And whereas the said mortgagor has agreed and does hereby agree tliut the mortgagor shull and will pay aU taxes and assessments levied or �
<br /> i assessed upon said premises and upon this mortgage and tlte bond secyr d tlze eby betore the same shal] become delinquent;to furnish approved �
<br /> � . rnsurance upon the buildings on said premises situated in the sum of S4���U�.U� payable [o said ASSOCIATION and to deliver to said �
<br /> � ASSOCIATION[he poticies for said insurence;and not to cotnmit or permit any waste un or about said premises; � � �
<br /> �. In case of default in the performance of any of the terms and cundi[ions of this mortgage or [he bond secured hereby,the mortgagee shall, � ��
<br /> on demand, be en[itled to immediate possession of the mor[gageJ premises and the mortgagar hereby assigns, transfers and sets over to the
<br /> mortgagee all the rents,revenues and income tp be derived from the mor[gaged premises during such time as the mortgage indebtedness shaA remain � �
<br /> ` � � unpaid;and the mor[gagee shall have the power to appoint any agent or agents it rnay desire for the purpose of repairing said premises and ren[ing �� � �
<br /> � ;� � � the same anc�collect.ing[he rents,revenues and income,and it may pay out of said income all expenses of repairing said premises and necessary �� �
<br /> cotnmissions and expenses incurred in renting and managing the seme 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 a[any time during the e�cistence of such � ��
<br /> � default,irrespective of any temporary waiver of the same. , � . .
<br /> � � . These Presents,however,are upon the Condition,That if the sa�d Mortgagor shall repay said loan on or bePore 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,unlil said loan is fully peid;pay all taxes and assessments levied agains2 said premises and on this Mortgage � � �
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<br /> and the Bond secured thereby,before deluiquency;(urnish approved insurance upon the buildings thereon in the sum of�4�0��.�� payable � � �
<br /> . to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid fur such taxes,assessments and insucance with interes[at � � �
<br /> the maximum legal�rate Ihereun from da te of payment alt of whiclt Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply �
<br /> # . with all the agreements and conditions of the Bm�d for 5 ¢L4 OOO.OO �his da � �
<br /> � y given by the said Alortgagor to said ASSOCIATION,and comply
<br /> with all the requirements of[he Constitution and By-Laws of said ASSOCIATION; [hen these presents shall 6ecome null and void,otherwise they � .. . '
<br /> shall remain in Cull force and may be Foredosed at the option of the said ASSOCIATION after failure for three months to make zny of said � � .
<br /> payments or be three months in arrears in making said monthly payments,or to keep and compty with[he agreements and conditions of sald Bond; .� �� � -
<br /> and Mortgagor agrees to have a receiver appointed for[hwith 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 Luan 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 fur any additional advances made thereunder,shall,frum the � � � �
<br /> �date of exercise of said option,bear interest at[he maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said �
<br /> bond,and any olher bond for additional advances,togefher with all sums paid by said The Equitable Building and Loan Association of Grand Island, � � � �
<br /> Nebraska for insurance,taxes and assessmen[s,and abstrac[ing extension charges, with interest thereon, frotn date of payment at the maximum . . � �
<br /> legai rate. �
<br /> . As provided in the Bond secured hereby,while ihis mortgage remains in effect the morigagee may hereafter advance additional sums tu the � � � � . �
<br /> � � makers of said Bond,their assigns or successors in interest,which sums shalt be within the sewrity of this mortgage the same as[he funds originally � � �.
<br /> j.� � secured thereby,the total�amount of principal deb[not to exceed at any time the uriginal an�ount of this mortgage. �, � � �. � �
<br /> Dft'� cn;s 2� � ��'al/ June A.n.,i9 77
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<br /> n e er � ^ •
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<br /> Lois A.vPfeifer
<br /> STATE OF NEBRASKA,t u On this 29th day of June 19�7 ,before me, �
<br /> COUNTY OF HALL S �� �
<br /> . � the undersigned,a Kotary Public in and for said County,personally came
<br /> ' John E. Pfeifer and Lois A. Pfeifer, each in his and her awn right and as spouse of each n� -~ '°
<br /> otiaer Wn° dPe personally known to ��,,�„
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<br /> .' � me tobe the ideniical pers.onS � � whoso name5����.dPE�,�,;effixed to the.above instrument as mortgagor g and they severally , . � � °i
<br /> ;�y.�
<br /> acknowledg•�"ihe said instrument to ge' th87 P voluntary act and deed.
<br /> WITIVESS my handgnd AJot �a1 Seai the date afo�esaid. � ,
<br /> � � My�Commission�txpfres J ,�.� t��� � ('� - -+ �• �
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