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<br /> ei t MORTGAGE •
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<br /> GAGE 21 , 947 MGIC
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<br /> J iy y„ mow au: MEN BY THESE PftE$ENTS :-That Leo L . Lukes and `: Debora C . Lukes , eachin- his andher
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<br /> zL (at S r OWf ' right •4nd/ . aS SpQUSe of each other , Mortgagor, whether one or more , in conrideration of the stun of e
<br /> rz E , t, 4 TWenty-one Thausa'ndlOne Hundred Fifty and No/ 100
<br /> s f 'DOLLARS ;
<br /> m } ' ( ktaned do said mortgagor by The Equitable Building and Lean. Association of Grand Island , Nebraska, Mortgagee , upon 211 shares of stock of
<br /> f :snid,-AS80CikT[ON, - Certificate ' No. L 21 , 947 MGICdo hereby grant, convey and mortgage unto the said . ASSOCIATION the ' following
<br /> } t, • described' real estate ; situated In Hall County, Nebraska:
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<br /> t ' f �t : LOT THREE ( 3 ) IN ABRAHAMSON ' S SUBDIVISION NO THREE , `r
<br /> LOCATED . ON AND . BEING A SUBDIVISION OF BLOCK TWENTY ( 2 ) IN
<br /> SCHIMMER ' S ADDITION TO THE CITY OF GRAND ISLAND , HALL COUNTY ,
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<br /> NEBRASKA .
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<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, au conditioning, and plumbing and water equipment and accessories thereto, pumps,stoves,
<br /> refrigerators; and other fixtures and-equipment now or hereafter attached to or used in connection with said real estate.
<br /> And whereas the said mortgagor; has agreed- anddoes hereby agree that the - mortgagorshall . and will pay all taxes and assessments levied or
<br /> assessed upon said premisesand upon this mortgage and the bond secured thereby before the same shall become delinquent; tofurnish approved
<br /> n x insurance upon the buildings on said premises situated in the sum of $ 21 , 150 : 00 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 rformance of anyof the terms and conditions of this mortgage '
<br /> F'- or the bond secured hereby, the mortgagee shall,
<br /> t on demand, be entitled to: immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over -to the -
<br /> a:: mortgagee::all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall tentain r,.
<br /> unpaid; and. the;mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing saidpremises and :renting
<br />,,.:-4.7:2.:44,. ..,--e-,-, the same, tend . collecting the rents, revenues and income;and it may pay out of said income all expenses of repairing said -premises and necessary , -
<br /> cotmttissions . and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be - a
<br /> applied toward the dischargeof said mortgage indebtedness; these rights 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 /> These Presents; however, are - upon:the Condition ; That if the said Mortgagor shall repay said loan on or before the maturity of said shares by - t
<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 /> t the Twentieth 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 . - . . 'K
<br /> and the Bond secured thereby; before delinquency ; furnish approved insurance upon the buildings thereon in the sum of $ 21 , 15O . 00 payable .
<br /> to said : ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest 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 /> with all the agreements and conditions of the Bond for S 21 . , 150 , 00 this day given by the said Mortgagor to said ASSOCIATION , and comply
<br /> withall the requirements of the Constitution and By-Laws of said ASSOCIATION: then these presents shall become null and void , otherwise they -
<br /> a shall remain 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 /> t paynents 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 /> r If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br /> 4 , # 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 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 ,bearinterest 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 all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br /> I Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon , from date of payment at the maximum`
<br /> legal rate- -
<br /> "� As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the E
<br /> s� makers of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
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<br /> secured thereby, the total amountofprincipal debt not to exceed at any time the original amount of-this mortgagee -
<br /> s Dated this : sth / day of January A D. , 19 76 �� 2. �, Ic
<br /> Len L . L • s �_ Debora C . Lukes I '
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<br /> STATE OF NEBRASKA,
<br /> x F COUNTY OF HALL ss. On this 20th day of January 19 76 . before me,
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<br /> the undersigned, a Notary Public in and for said County, personally came
<br /> Leo L . Lukes . and Debora-- C . Lukes ; each in his and her own right and as spouse of each 4A r
<br /> 's ` other , who are personally. known to ` -
<br /> me to be the identical persons whose names ' are affixed to the above instrum mortgagors and they severally a
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<br /> v arknowiedged the said.instrument ter be . ther r - voluntary act and deed. r -
<br /> WITNESS my hand and Notarial Seal the date .aforesaid_
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<br /> . my Comm kap. Nov. 12, I ea-Tol, / Y , /� 7.7..
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