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<br />,1, 76- 000904
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<br /> MORTGAGE
<br /> It MORTGAGE LOAN NO. L 21,996
<br />',,,' KNOW ALL MEN BY THESE PRESENTS:That Kenneth G. Hoff and Alice M. Hoff, each in his and her
<br /> 1, own right and as spouse of each other
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<br /> Mortgagor,whether one or more,in consideration of the sum of
<br /> V, ' Thirty-one Thousand Five Hundred and No/100 DOLLARS
<br /> s_.. loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 315 shares of stock of
<br />• ,du herebygrant,conveyand mortgage unto the said ASSOCIATION the following
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<br /> said ASSOCIATION,Certificate No.L 2l 996
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<br /> described real estate,situated in Halt County,Nebraska:
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<br /> LOT ONE HUNDRED FIFTY-NINE (159)
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<br /> f, WEST LAWN, CITY OF GRAND ISLAND,
<br /> r., HALL COUNTY, 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,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> tri; 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 and does hereby agree that the mortgagor shall and will pay alltaxes and assessments 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 S 31 500.00 payable to said ASSOCIATION and to deliver to said
<br /> A= 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,
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<br />}a on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> i,` mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br /> unpaid;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 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 renting and managing the same and of collecting rentals therefrom:the balance remaining,if any,to be
<br /> b4• 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 /> 1-', default,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
<br /> 'i 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 /> °.r 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 31,500.00 payable
<br /> P to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> +i' 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 31 500 notlus day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> with all the requirements of the Constitution and By-Laws of stat S'SOCIATION;then these presents shall become null and‘,Md,utlrenvise 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 /> 4—:,- 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 /> i;:'. and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br /> it,;. If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby
<br /> y�i 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 /> 16 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 /> - Nebraska for insurance,taxes and assessments,and abstracting extension charges,with interest thereon,from date of payment at the maximum
<br /> ; legal rate.
<br /> t' As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br /> a-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 siginal amount of this mortgage.
<br /> > ` Dated this 24th day of February A.D.,19 76
<br /> M .,-e.r� -� `flu i/.22 -I/#
<br /> ' Kenneth G. Hoff Alice M. Hoff
<br /> STATE OF NEBRASKA, 19 76 ,before me,
<br /> ss. On this 24th day of FEbruary
<br /> kCOUNTY OF HALL
<br /> ,i the undersigned,a Notary Public in and for said County,personally came
<br /> Kenneth G. Hoff and Alice M. Hoff, each in his and her own right who are personally known to
<br /> ,p and as sppouse of each other
<br /> r,,. me to be the Mentrca person S whose name S affixed to the above instrument as mortgagor s and they severally
<br /> . acknowledged the said instrument to be their voluntary act and deed.
<br /> WITNESS my hand and Notarial Seal the date aforesaid.
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<br /> .i DAgroim bi ictS C.
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<br /> i?',.-.'- GENERAL NOTARY•YtsloalNs& — Notary Public
<br /> ,.3�7 ^y MY Commission Expiry
<br /> FEBUARY 6,1979
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