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<br /> MORTGAGE ' • .
<br /> sMORTGAGE LOAN NO, L 21 ,947 MGIC �a
<br /> , 1 1 SI�IOWALL41ENBY"lHESEPRESENTS:ghat Leo L. Lukes and Debora C. Lukes, each in his and her
<br /> 1 4 0 , cy
<br /> o0lyn,right and:.'as spouse of- each other, Mortgagor,whetter one or more:in consideration of the sum of
<br /> fix°..,,,,,.,..,,,,y,'•
<br /> ,n r W T�ity-one Thousand One Hundred Fifty and No/100 ___-_--
<br /> r r „ 'DOLLARS
<br /> cif loaned.to sidd mortgagor by The Equitable:Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 211 shares of stock of .
<br /> At '! said,'ASSOCIATION;'Certificate No.I.-21,947 MG I Cdo hereby pant convey and mertgagr unto the said ASSOCIATION the following
<br /> c, deseribed•.real estate;situated:in Hall County,Nebraska:
<br /> y4
<br /> f
<br /> LOT THREE (3) IN ABRAHAMSON'S SUBDIVISION NO THREE, ,
<br /> ; LOCATED ON AND BEING A SUBDIVISION OF BLOCK TWENTY (2) IN
<br /> SCHIMMER'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> r NEBRASKA:
<br /> :i
<br /> ;,
<br /> together with all the tenements;ent;hereditaments and appurtenances thereinto belonging,including attached:floor wrerings,ail window,rteens,
<br /> window shade blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and.acccssories thereto,pumps,s oves,,
<br /> ar refrigerators,and.other fixtures and equipment now or.hereafter attached to or used in connectionelth said real estate.
<br /> And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shalt and will pay all taxes and assessments levied or
<br /> s assessed-upon saidpremises and upon this mortgageand the bond secured thereby the same stall become delinquent;to furnish appreved
<br /> ; insurance:upon the buildings on•said premises situated in the sum of$21 7150.Ui) payable to said ASSOCIATION and 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 the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall,
<br /> on demandable entitled to,immediate-possession of the mortgaged premises and the mortgagorhereby assigns, transfers and sets over to the
<br /> mortgagee all the rents,revenues and incn rte to be derived from the mortgaged.premises during such time as the mortgage indebtedness shall remain
<br /> unpad;.and.the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br /> the same and infir,siitg the terns,revenues and income.and it may pay out of said income all expenses of repairing said premises and necessary
<br /> commissionsand expenses incurred in renting and managing the same and of collecting rentals therefrom the balance remaining,If any,to be
<br /> appliedtoward she-disch_ of said indebtedness;rivese
<br /> mortgagerights of the mortgagee..may be exercised at any time during the existence of suds
<br /> default,irrespective of any temporary waiver of the same.
<br /> These Presents,however,are upon the Condition.That if the said Mortgagor shell repay said loan on or before 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 tacit and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage
<br /> and the Bond secured thereby,before delinquency;furnish approved inurrance upon the buildings thereon in the slum of 5 21,150.00 payable
<br /> Ke to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for auk taxes,assessments and insurance with interest at •
<br /> the maximum legal rate thereon from date of payment all of which M ortga or hereby agrees to pay;permit no waste on said premises:keep and comply - i
<br /> with all the agreements and conditions of the Bond for S 21 150.00 this day +
<br /> a$r , given by the 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 null and void,otherwise they
<br /> g chaff remain infull force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br /> iii..•:-- payments or be three months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond;
<br /> and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br /> gr- If there is any change in ownership of the real estate mortgaged h rein,by sale or otherwise,then the entire remaining indebtedness hereby r'
<br /> secured shall,at the option of The Equitable Building and Loan Association of Grand island.Nebraska,become immediately due and payable without
<br /> further notice,and the amount re-miningm due under said bond,and any other bond for aadditional advances made thereunder,shallfrom the r
<br /> date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said
<br /> bond,and any other bond for additional advances,together with ail sums paid by said The Equitable Building and Loan Association of Grand Island.
<br />•r Nebraska for insurance,taxes and assessments.and abstracting extension charges•with interest thereon, from date of payment at the maximum
<br /> legal rate.
<br /> z As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br /> makers of said Bond,their assigns or successors in interest,which sums snail be within the security of this mortgage the same as the fronds originally
<br /> seemed thereby,thetotal amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> Dated this 2th day of January /A�I D..19 75 /,-
<br /> Leo L. L s /� Debora C. Lukes ?
<br /> STATE OF NEBRASKA, On this 20th day of
<br /> known OF HALL January 19 76 ;before me.
<br /> the underxismed,a\otary Public in and for said County, ,,
<br /> personalty eaune. y�e
<br /> Leo L- Lukes.and Debora C. Lukes, each in his and her own right and as spouse of each ,.,--,,,,,;..i,-4
<br /> other, who are personally known to 'ti
<br /> severally
<br /> rnetnbe the rdadrealptraoo.$- whose names are affixed to the above mo-rgagor$ HII$. they -.-•.•.II..r �'0 4 '�
<br /> N acknowledgpedthe said Mara/tient to betheir voluntary act and deed. Z,,.,____.,i - .......," ` _
<br /> WITNESS TNESS my hand and Notarial Seal the date aforesaid. i�
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<br /> i AZy t. n ._ :.:.�.._4.1 ? €56--s/... / y /l--7fNotary Public
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