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<br /> MORTGAGE"
<br /> MORTGAGE LOAN NO. L 21,950 ,
<br /> KNOW ALL IsIBNBYTHIISEPRRIlSENTS That Roger.Luft and Donna Luft, his .wife, and Stanley B. Garris,
<br /> ' Jr, ahs Mary Garri s, h1 s wi f A, Mortgagor,whether one or more,in consideration of the trim of
<br /> Twenty-four Thousand and,No/1O0
<br /> DOLLARS
<br />• h ' loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 240 shares of stock of
<br /> • said ASSOCIAT1ON,'Certificate No,L 21;950 do hereby grant,convey and mortgage unto the sold ASSOCIATION Bre following
<br /> described real estate,situated in HallCounty,•Nebraska: •
<br /> a ,
<br /> LOT TWO (2) IN WESTERN HEIGHTS SECOND SUBDIVISION
<br /> • HALL COUNTY, NEBRASKA.
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<br /> ;;. together wills 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,pumps,stoves,
<br /> J' refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate:;
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<br /> And whereas the said mortgagor has agreed end does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br /> assessed upon mid premises andupon this mortgage and the bund secured thereby before the same shall become delinquent;to furnish approved
<br /> f insurance upon the buildings on said premises situated in the suns of 5.24,000.00 payable to said ASSOCIATION and to deliver to mid
<br /> ASSOCIATION the policies for mid insurance;and notto 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 small,'
<br /> on demand;be entitled to immediate possession of the mortgaged premises and:the tnurtgagor hereby assigns, transfers and,sets over to the
<br /> mortgagee all tate rents,revenues and income to be derived from the mortgaged mantises during such time as the mortgage indebtedness shall reniaih
<br /> unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said prenrtses and renting
<br /> the same and collecting the tents,revenues and income,and it may pay out of said income all expenses of repairingmid premises and-necessary
<br /> - commissions and expenses incurred in.renting and managing tire 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 stray be exercised at any time during the existence,of such
<br /> default,irrespective of any temporary waiver of the Caine.. .
<br /> x,
<br /> There 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 /> x.5 payment;pay montldy.;o said ASSOCIATION of the suer specified in the Bond accused hereby as interest and principal on said loan,on or before
<br /> i.. 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 tubs Mortgage
<br /> and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of$24,000.00 • payable
<br /> 'C; 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 front 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 240 0 00 tins day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> wills all the requirements of the Constitution and By.Laws ofsa d ASSOCIATION;then these presents shall become null and void,otherwise they
<br /> 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 /> payments or be three months in arrears its snaking 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 forthsvith in such foreclosure proceedings.
<br /> if there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby
<br /> s^ secured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,becorne immediately due and payable without
<br /> further notice,and the amount remaining due under said bond,and any other bond for any additional advances nrade thereunder,small,frons the
<br /> dale of exercise of said option,bear Interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy tire amount due on said
<br /> s: 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 maxinmm
<br /> legal rate, -
<br /> As provided its the Bond secured hereby,while this rortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br /> o-, makers ot said Bund,their assigns or successors in interest,which aunts shall bewithin the securityofthis mortgage the same as tire funds originally •
<br /> } securest thereby,the total amount of principal debt not to exceed at any lune the original amount of this mortgage.
<br /> a this 22n ; day of January A 1),,1975
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<br /> ` /L •
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<br /> Donna LEI �
<br /> ft (/
<br /> /C
<br /> ,St. ley B. Garris, Jr. f'` Mary Barris
<br /> STATE OF NEBRASKA, ss. On this 22nd day of
<br /> COUNTY Op HALL January 1.9 76 ,before me,
<br /> the undersigned,a NotaryPublic In and for said County,personally catne
<br /> Roger Luft anti Donna Luft, his wife, and- Stanley B. Barris, ,r. and Mary Garris, his . •
<br /> 'wife, who are personal y known to
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<br /> nAP341,* :°a . irons whose name s •are affixed to the above instrument as mortg •agor and they severally '
<br />" a 4�44thn&kr198dtith sir$ lrument to be their voluntary act and deed.
<br /> jr/ MTh E�my hand and Notarial Seal the date aforesaid:
<br /> 44 1,'a` . 1 i`1Yr14 isatonexpires / ` '.
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<br /> 1 r r1 1 M )* t � of Pub is
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