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<br /> 77- i)O� 1F� MORTGAGE
<br /> KNOW ALL MEN BY THE3E PRESENTS, That :
<br /> � JOHN C. SCHAFFERT, II AND MYRNA L. SCHAFFERT, Husband and Wife, as joint .
<br /> ' � tenants each contracting in his own right and as spouse of tYrse other, :
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<br /> ` hereiaafter called the snortgagor, in consideration of the sum of--------
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<br /> : ---Thirty Thousand Four Hundred and no/100-----($30,400.00)-------BOI.LARS ; ' ' �'
<br /> in hand paid, receipt of which is hereby acknowledged,do hereby grant,bargain,sell and convey unto:
<br /> � „ F'IRST FEDERAL SAVIIVGS A1VD LOAN ASSOCIATION OF YORK, YORK. NEBRASKA
<br /> ' its successors and assigns, hereinafter called the mortgagee, the following described real estate situated in
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<br /> 1i311 CoLinty, Nebraska, to-wit:
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<br /> � Lot Seven (7), Block Eight (8), Original Town of
<br /> Doniphan, Ha11 County, Nebxaska.
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<br /> °G , ith all buildings, improvementv, 8xtures or appurteaances now or hereaiter erected thereon, induding all appar-
<br /> atus, equipment, fixtures or articles, whether in single units or centrally controlled, used to supply heat, gas, a{r-condi-
<br /> tioning, water,light,power,refrigeration,ventilation or other services, and any other thing now or hereafter therein or
<br /> thereon, the iurnishing of which by lessors to lessees is custoaiary or appropriate, including screens, wiadow shades,
<br /> storm doors and windows,floor coverings,screen doors,in-a-door beds, awnin�s, stoves and water heaters (all of which
<br /> are declared to be a part oi said real estate whether physically attached thereto or not); and also all rents, issues and
<br /> ' ; proftts of said premises which are hereUy pledged,assigned,transferred and set over unto the mortgagee.
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<br /> All rer.ts and income from said real estate received by the mortgagee herein, after paymeut of such expenses as mort-
<br /> gagee shall consider neccssary or proper to incur for the preservation, operation, maintenanae or repair oi said real
<br /> estate,shall be applied upon the indebtedness secured by this mortgage, including taxes and insurance, but in no event
<br /> shali mortgagee be required to apply upon said indehtedness or to account for more th:ur the rents and income actually
<br /> ? received by it from said real estate, less such ex�enses.
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<br /> Upon request of the mortgagur the mortaagee may hereafter, at its option, at uny time before full payment of this
<br /> mortgage, make further advances to ihe mortgagor and the same, with interest, shall be secured by this mortgage; '
<br /> F provided, however, that the amount of principal secured by this mortgage and remaining unpaid, shall not at the time
<br /> uf and including any such advance exceed the original principal sum secured hereby; and providing iurther that ii the
<br /> mortgagee, at its option, shali make a further advance or advances ns aforesaid, tAe mortgagor agrees to execute and
<br /> � deliver to the mortgapee a note !o evidence the same, payable on or before the maturity of this mortgage and beazing
<br /> such other terms as the mortgagee shall require. The mortgagor does covenant and aPree to and with the mortgagee
<br /> to reDay allsuch turther advaaces made as aforesaid with interest; that such further advances and each note evidencing
<br /> the same shall be secured byy tivs mortgage; and that all 01 the covenaats and aereements in this mortgage contained
<br /> shall apDly to suc�}.Mfu,r�;,�zcCva�tc�es,.a�wweS] as to the original principal sum herein recited.
<br /> PROVIDED,however t§��t�ese`peesents are on the following conditions:
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<br /> ThaL the said mortgagors have executed and delivered to said mortgagee a promissory note to repay the sum o!
<br /> moaey above mentioned, with interest thereon in paymeats as set forth in sud note,and have also agreed to keep the
<br /> buildings on said real estaie insured against fire, toraado and hail with loss payable to the mortgagee as its interest
<br /> may appear,and pay all tauea,special assessments and insuraace premiums on said premises 6efore the same become
<br /> delinguent.
<br /> Notc� therefere, i2 the said a_^_ortgavors, their grantees and ass d�ns,shall gsy or cause La be paid the said sua�s ot money
<br /> � when due as set forth in'said note and in this mortgage,then these presents shall he null and void; otherwise to be aad
<br /> ` ra�A�*+ in full force and e8ect and this mortgage shall stand as security for all amounts mentioned in said promissory
<br /> note and tor,all amounts adveaced by the mortgagee thereunder, nnd a failure to pap any of the amounts so secured
<br /> ; or to comply with anq ot the agreements contained in said note or ia this mortgage shall cause the eatire sum herein �
<br /> ; aecureti to become due aad collectible st once at the option of the mortgagee. ,3 �r " �:, ,
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<br /> Datea tt�s 8th � as.v o: September ,18 77 �` ` �
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<br /> : .7'o t..__�,cTiaLE�Ev��;�---- -- �,.
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<br /> � . _ . �}�1�.fL�._JC�,i/r._.' �. �� . s�,�
<br /> Myrna L. Schaffert
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