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<br /> 76.• r10{)3
<br /> MORTGAGE
<br /> MORTGAGE LOAN N0, L 21,961`' r
<br /> KNOW ALL MENBYTfIESBPRESENTS:That•Roger Luft `and.Donna Luft, his wife and Stanley;B:'Garris Jr..'
<br /> ,^ ,and,Mary Garrts, his-wife,' ,
<br /> • ' Mortgagor,whether one or more,in consideration of the sum of
<br /> r s r '.nd .. d, a0-_-: .,ra- yyn,....Rr .n__-:_........._..,..,,,,,,,...,...........'DOLLARS,..,LLARS ,
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon `300 shares of stock of
<br /> :saidASSOCIATION,Certificate;No.L21,95;1 ,do hereby grant,convey.and mortgage unto the said ASSOCIATION the following
<br /> I described.real estate,situated In Hall County,;Nebraska:
<br /> ti
<br /> I' LOT. FOUR C4), IN WESTERN HEIGHTS SECOND
<br /> SUBDIVISION, HALL COUNTY, NEBRASKA.
<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 thereto,pumpsstoves,
<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 and does hereby agree that the mortgagor shalland will pay all taxesand assessments levied or
<br /> assesed•upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent;to furnlsh'approved .
<br /> insurance upon'the buildings on said premises situated in the sum of S 30;000.00. 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 performance of any of the terms and conditions of this mortgage or the bond.secured hereby,the mortgagee shall, .
<br /> [ . on demand,beentitled to immediate possession of the mortgaged premises and the mortgagor hereby`assigns,transfers and sets-over to 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 /> `v,. hmortgagee
<br /> "shall and se mortgageshall 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 collecting the rents,revenues and income,and it may pay out of said income all expensex of repairing said premises and necessary.
<br /> ' ' `commissions and expenses incurred in ranting 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 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 /> s.. 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
<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 /> u 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
<br /> and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of S'.30,000.00- payable
<br /> E. to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> r,,
<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 /> s with all the agreements and conditions of the Bond for S30 000 DO this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> R, with all the requirements of the Constitution and By-Laws of said AfhSOCIATION:then these presents shall become null and void,otherwise they
<br /> r: shall remain in full force andmay be foreclosed at the option of the said ASSOCIATION after failure for tluee 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 and conditions of said Bond;
<br /> A and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br /> .t. ' If there is any change in ownership of the real estate nsortgaged herein,by sale or otherwise,thenthe entire remaining indebtedness hereby
<br /> i' secured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without.
<br />.,I:, 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,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 all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br /> ai.- `Ngalebrasratakaforinsurance,taxesandassessments,andabstractinBextensioncharges,withinterestthereon,fromdateofpayment.at-themaximum , '
<br /> le
<br /> As provided in the Bond secured hereby,while thismortgage remainsin effect the mcrigagee may hereafter advance additional sums to the
<br /> ,r 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
<br /> secured thereby,the total amount of principal debt not to exceed at:any time the original amount of this mortgage. '
<br /> h`' . -
<br /> sdr,atedthis n•d day of January A.D. 1976
<br /> t•'...-,.,
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<br /> ,,r.:, . r+* yr,,, a '_, Igilli Don ?-/-xrtt . z fir"" .—
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<br /> t..„,- Sta' ey B. arris ,fir. ar G r is 2 Toy
<br /> STATE OF NEBRASKA,
<br /> COl1NTY OF I{ALL. so. On this day of 19 ,before me,
<br /> Roger Luft and Dohna Luft, h1 S Wife and the ride ed,a Notary Public in and for said County,personally came '
<br /> Stanley B. Ga-rr,s or' and
<br /> Mary Garris; his Wife." who are personally known to
<br /> v toe tQ n S • whose name S.` • affixed.to the above instrument as mortgagor S and they severally
<br />+ set ml �fisl ,atatettt to be the,r voluntary act and deed.
<br /> Wf rtiESStjny hand and Notarial Seal the date aforesaid.
<br /> if h
<br /> t t My Commission expires:�� � L, `� N....„1\
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<br /> ;; �3.2W-4., tt 1 d 1 l� ry Public • ..
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