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<br /> MORTGACE
<br /> MORTGAGE LOAN NO. $ 3
<br /> KNOWALLMENHYTHESEPRL•SENTS:That JOfttl E. Pfeifer and Lois A. Pfeifer, each in his and
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<br /> her own right and as spouse of each other
<br /> Mortgagor,whether one or more,in consideratiort of the sum of
<br /> �' Forty Thousand anrl No/iQ0____�-------__..___..--------------------------------------�oLLnas . '
<br /> loaned to said rnortgagor by The F.quizab]eBuilding and Loan Association of Grand Islend,Nebraska,Mortgxgee,upon 400 shares of stock of
<br /> said ASSOCIATION,Certificate No:L 22$23 ,do hereby grant, convey and mortgage unto the said ASSOCIATION fhe following
<br /> r described real estate,situated in Hall County,Netraska:
<br /> LOT NINETEEN (19) WESTERN HEIGHTS THIRD
<br /> Sf18DIVISION, NRZL COt1NTY, MEBRASKR.
<br /> :
<br /> �Tq . . � . . . . . . . .
<br /> � . together with all the tenements,hereditaments and appurtenances thereunto belonging,including.attached floor�coverings,�all window screens,�:��
<br /> � window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories[hereto,pumps,stoves,� �,
<br /> 'j'�� �� ref�igerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real esta[e. � � � � . . �
<br /> j� And whereas the said mor[gagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessmen[s levied or
<br /> assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent;to furnish approved
<br /> �insurance�upon the buildings on said premises situated in the sum of$ 4����n.�� payable to said ASSOCIATION�xnd�to deliver to said �
<br /> � ASSOCIATION the policies for said insurance;and not to commit or permit.any waste on or about said premises; � � � �
<br /> In case of default in ihe performance of any of the temis and conditions of this mortgage or the bond secured.hereby,the mortgagee�shall,� -
<br /> on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> , � �mortgagee ait the rents,revenues and income ro be derived from the mortgaged premises during such time as the mortgage indebtedness shall remairr���.
<br /> ���unpaid;and the mortgagee sha11 have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting :
<br /> � F� �� the same and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premises and.�necessary .
<br /> . � ��.�.commissions and expenses incurred in reMing and managing the same and of collecting rentxls therefrom; the�balance remaining,if�any,�to be�
<br /> �� 4 � applied�tuward the dischnrge of said mor[gage indebtedness;these righls of the mortgagee may be exercised at any time during the e�cistenee of�sucl��
<br /> defaul[,irrespective of any temporxry waiver oF the same.
<br /> �� �� These Presents,�however,are upon[he Condition,That if the said Mortgagor shall repay said loan on or before the ma[urity of said�shares by
<br /> . payment;pay monthly to said qS50CIATION of the sum specified in[he Bond secured hereby as interest and.principal on said loan,on�or before
<br /> the Twen�ieth day of each and every month,until said loan is fuliy paid;pay all taxes and assessments levied against said premises and on tJtis Mortgage
<br /> Y. : and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of$ 40�����.QO payable��
<br /> . �� .� [o said ASSOCIATION;repay to said qSSOCIATION upon demand all money by it paid for such taxes•,assessments and insurance with interest at �
<br /> the maximum legal rnte thereon from date of payment al1 of which Mortgagor hereby agrees to pxy;permit no waste on said premises;keep and comply�
<br /> with all the agreements and conditions of the Bond for S 4O,���.��his dey given by ihe said Mortgagor to said ASSOCIATtON,and comply
<br /> with all the requirements of the Constitution and By-Laws of said ASSOCIATION;then these presents shall become null and void,otherwise they
<br /> ,� ' � � shait�remain in full force and.may be foreclosed at the option of the said ASSOCIATION�after failure for three�mon[hs to make any oFsaid �
<br /> �3� . . payments or be three months in arrears in making said mon[hly paymen[s,or[o keep and comply wieh the agreementsand conditions of said Bond;
<br /> � ti� and Mortgagor agrees to have a.rei;eiver appointed forchwith in such foreclosure proceedings. � �
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<br /> �1 � � � �If there is any change in.ownership of the real estatc mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby
<br /> � � � � sect�red sliall,ai the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without .
<br /> ^ further notice,and the amouni remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the
<br /> ;� � � date of exercise of said option,bear interest at the maximum lep,al rate,and this mortgage may then be foreclosed to satisfy the amoun[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 maximum
<br /> � ,legal rata. . . . . . .
<br /> � � As provided in the.Bond sewred hereby,wliile this mortgage remains in effect the mor[gagee may hereafter advance additional sums to.the �
<br /> � �makers of said Bond,their assigns or successors in interest,which sums sha11 be within the security of this mor[gage the same as the funds originally
<br /> � �secured�[hereby,the total amount of principal debt not to exreed at any time the originat amount of tttis mortgage. . .
<br /> ar n;s t . y or September .�.D.,�977
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<br /> ^t. !. '
<br /> Lois A. Pfeifer
<br /> STATE OF NEBRASTCA,� r -
<br /> CpLfNTYOFHALL �� Onthis L�th. aeyof September �s77 ,beforeme,
<br /> the under igned,a Notary,P blic in a d for said C.ounty,personall came —"`;� `'�
<br /> John E. Pfeifer and Lois A Pfeifer, each in his and �er own rig�t anc� as spouse of eac�i � ' '
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<br /> other L, �r� , who d re personally known to � �
<br /> �, me to be the iden�ral ., ...,v�h e S ' d re affused to the above insirument as mortgagorg and they severaliy ,�e`���:
<br /> acknowledged the �`f�n�o�� voluntary act and deed: ��� �^
<br /> ��s
<br /> - F�S���N'�t• es3 the date aforesai�. . ,..:
<br /> ��,�+,�� r,�/��''� ��:�� �r��
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<br /> ' �Le �t;� '� Nota Public
<br /> 63-SIN Ri �'f 3 Z.•�4+�s�� . .. . . . ry .
<br /> '�fl.Ut�NEb�`�'~
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