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<br /> 77-0�33791 _
<br /> MORTGAGE
<br /> MORTGAGE LOAI�:L�IO.L '�
<br /> ('� ' KNOW ALL MEN BY THESE PRESF,NTS:That "�'erpY �. �dCf7Cil t and De1 ores E. Lachni t, each l tt
<br /> R:� " his and her"own right and as spouse of each'other,
<br /> �, ' ,:;
<br /> : , , ,,..
<br /> A ' _ ` __-__Mortgagor,whether one or mare_in consideration of the sum of ;
<br /> . Twentv Eiaht Thousand and NO/�OO--'--------'-- --------=flOLLARS '
<br /> loaned to said morigagor by The Equitable$uilding and Luan Association of Grand Island,Nebraska,Mortgagee,upon 2$� shares of stock of''
<br /> ; ' said ASSOCIATION, Certificate No.L 22�73E) ,do hereby grant, convey and mortgage unto the said ASSOCIATION the 7ollowing ^ `
<br /> described �eal estate, situated in Hatl County, Nebraska:
<br /> EAST f=ORTY-FOUR FEET (E 44') OF THE NORTH NINETY-EIGHT
<br /> FE.ET (N 98') OF LOT THREE (3) IN BLOCK THREE {3) IN
<br /> LAKEVIEW RDDITiON TO 7HE CLTY OF GRRND ISLAfYD, NEBRASKR.
<br /> i '
<br /> $
<br /> ;
<br /> �
<br /> �� � . . � . . . .. . .
<br /> together with all the ienements,hereditaments and appurtenances thereunto belonging,including attached flour coverings,all window screens, t-
<br /> window shades,biinds,storm windows,awnin s,lieatin air conditionin and Iwnbin and water e ui ment and accessories theceto, um s,stoves, `
<br /> " B 8� B, P 6 9 P P P
<br /> t "'
<br /> a reFrigeraturs,and o[her fixtures and equipment now or hereafter at[ached to or used in connection with said real es[ate. ;
<br /> ; � � And whereas the�said morigagor has agreed and does hereby agree thaf the mortgagor shall and will pay�all taxes and assessments levied or
<br /> � assessed upon said premises and upon this mortgage xnd the bond secured thereby before the same shall becomr delinquent;to furnish approved
<br /> � �-. .�'��insurance�upon the buildings on said premises situated in the swn of$2$iOOO.OO payable�to said ASSOCIATION attd to deliver[o said��
<br /> � : � ASSOClATION the pol9cies for said insurance;and not[o commit or pertrut any waste on or about said premises; �. � � � � . . �. �
<br /> t� � �.In case of default in[he pexformance of any of the terms and conditions of this mor[gage or the bond secured hereby,the mortgagee shall, '.�
<br /> ;� .� on demand,�bc entitled[o immediate possession of the mortgaged premises and the mortgagor.hereby assigns,.transfers and�sets over Lo 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 tlie.mortgagee shaU have the power to appoint any agent or agents it may desire for the purpose of repauing said premises�and renting. �
<br /> �the same and�collecting the rents,revenues and income,and it may payout of said income alt expenses of repairing said premises and necessary �
<br /> zcommissions 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�ights 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 /> ��� � Thqse Presents,hov:ever,are upon the Condition,Tha[if[he said�Mortgagor shall repay said loan on or before�the maturity of said shares by
<br /> ��,� � paymenq pay monthly to said ASSOCIATION uf the sum specified in the Bond secured hereby as interest and principal on said loan,on or before. .�
<br /> .�. � the Twentiedi 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.lhe Bond secured thereby�,before delinquency;fumish approved insurance upon the buildings therevn in ihe sum of$�$ ��Q.�Q. payable� �
<br /> �to said ASSOCIATI�N;repay to said ASSOCiATION upon deniand all money by it paid for such taxes,assessmenis an m�urance wrth in[eres[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 /> f with al1 the agreEments and conditions of the Bond tor$28,���.�� chis day given by ihe 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 nulC and void,otherwise they
<br /> � shall remxin 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 flnd conditions of said Bond; �.
<br /> . :� . .. and Mor[gagor.agrees ro 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 ihe option of The Equitable Building and Loan Assuciation of Crand island,Nebraska,become immediately due and payable wiihout
<br /> � � fwther notice,and the amuun[ remaining due under said bond,and any other bond for any additional adv�dnces made thereunder,shall,from�the
<br /> date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may tlien be foreclosed to satisfy the amount due on said
<br /> bond,and any other bond for additional 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 maicur:um
<br /> � ]egalrate.
<br /> � � As�p rovided in [he Bond secuxed hereby,while�this morigage remains in effect.the mortgagee may hereafter advance additional sums to ihe �
<br /> ' � makers of said Bond,their assigns or successors in"snterest,which sums shail be within the sewrity of this mortgage tlie same as the funds originally
<br /> � secured thereby,the iotal amount of principal debt not to exceed at any time the original amount of tlus mortgage.
<br /> � �a�n�s �t6 aay oe July A.n.,i977
<br /> � sc� / `'
<br /> ! �``�-�`—"�-- ��✓�_e...�--� � �r.--c.��-�•-_.-<._-�.�-'
<br /> TerrY ..Lachnit � �elores E_ Lachnit -
<br /> 3
<br /> $ STATE OF NEBRASKA, �� Y �
<br /> � COUN'fY OF HALL��. On this 8tll �y op �U�Y 397� ,before mq
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<br /> s Terry D. 'Lact�nit and Delores E_ Lachnit, each 'fifi°fPf�'�ff�ddaAl�4ary�licri�A�fo��iCount erwnallycame �"'��� ,� �`�"�
<br /> y as s�pguse
<br /> n '� C ,� � . � � � � � � who � dt'E' Personally known tu � �^�y,
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<br /> .� � �. ��. . �� . . �.: �.� : . . . . ... . .
<br /> � „��'�e�� n g whose name S d Y'e affixed to the above instrument as mortgagor S and tI18J� severally ,. ��
<br /> ; ac1��tVledged th�d'" ument to be thel}^ voluntary act and deed_ �
<br /> NO3ARY� }y� �y}��d and Notazial Seal.thc dafe afazEsaid. �
<br /> �� r"�i COMMt$SiON � �� . . . . � . � � � ..
<br /> � � £kFiRES 1VI�cra� ussiu��expues� � . ..��. �
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<br /> J+�. 6 g�'Y�,.S�Q. [ Nota ublic
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