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<br /> -- M1�oa7�cnci:[.ony no. L 22.283 IdGI C
<br /> r KNOWALLt�1BNBYTIIGSGPRGSEiNTS:That Francis L Luhn and Marcella J. Luhn, each in his and her
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<br /> own right and as spouse of each other,
<br /> Atortgagor,whether one or more,in consideration of the sum of
<br /> Fortv-four Thousand dild NO/�OO-------------------------------------------'------"- llOLLARS
<br /> loaned m said mortgagor 6y"flie Gyuitable 13uilding and Luan Aswciatiun oC Grand Island,Nebr�ska,Afurlgagee,upon 440 shares of stock of
<br /> �� said ASSOC[ATION,Certificale No.L Q2�2$3 MGI G�u hereby grant,convey and mu[tgage untu the said ASSOCIATION the(ollowing
<br /> described real esta�e,situated in Ilall Couniy,Nebrasks:A TRACT OF LAPlD COMPRISII�G A PART OF THE $OUTHEAST QUARTER
<br /> OF TNE NORTHEAST QUARTER (SE4NE�;) OF SECTION fOUR (4), TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10)
<br /> WEST OF THE 6TH P.M., IN HALL COUIJTY, NEBRASKA, MORE PARTICULARLY DESCRIBED AS FOLLOWS: QEGINNING
<br /> AT A POINT ON THE EAST LINE OF SAID SECTION FOUR (4), SAID POINT BEING SIX HUNDRED FIF7Y SIX AND
<br /> TWENTY T�dO HUNDREDTHS (656.22) FEET NORTH OF THE SOUTHEAST CORNER Of SAID NORTHEAST QUARTER (NE4);
<br /> THENCE NORTHERLY ALONG TNE EAST LINE OF SAID SECTION FOUR, A DISTANCE OF ONE HUNDRED SEVENTY (170.0)
<br /> FEET; TNENCE DEFLECTING LEFT 86°15' AND RUN(JING WESTERLY, A DISTANCE OF SIX HUNDRED NINETY SIX AND
<br /> FOUR TENTHS (696.4) FEET; THENCE DEFLECTING LEFT 91°17' AND RUNNING SOUTHERLY A DISTANCE OF TWO
<br /> HUNDRED SIXTY SEVEN AND THIRTY NINE HUNDREDTHS (267.39) FEET; THENCE DEFLECTING LEFT 90�12'40" AND
<br /> � RUNNING EASTERLY, A DISTANCE OF ONE HUNDRED SEVENTY fOUR AND SIXTY FIVE HUNDREDTHS (174.65) FEET:
<br /> Y THENCE DEFLECTING LEFT 91°19' AND RUNNING NORTHERLY A DISTANCE OF EIGHTY AND EIGFITY THREE HUNDREDTHS
<br /> (80.83) FEET; TNENCE DEfLECTING RIGHT 91°29'20" AND RUNNING EASTERLY, A DISTANCE Of fIVE HUNORED
<br /> THIRTY ONE AND FIVE HUNDREDTHS (531.05) FEET TO THE PLACE OF BEGINNING AND CONTAINING 3.181 ACRES,
<br /> MORE OR LESS.
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<br /> tugeiher with all �he �euemrms,hereJitaments�nd appurtenances therewuo 6rbnging,induding attached Iluor coverings,�II winduw screens, .
<br /> window shades,blinds.stonn windows,awnines,hruting,air cunditioning,and plmnbing and watar eyuipment and acceisories lhereto.Pumps,stuves,
<br /> refrigeratms.and ad�er fixtures and equipment now nr hercafter:�ttached ro m used in counectiun with said real estate.
<br /> Aill�M'IIL'fC85 lI1C 581�II10(l�'9�'U�I1J5 BRICPII 811(I IIUI'S IICfP��'llCfl`C lll8l thc morte�gor shall BIIII�4'III P�\'8II�3XC5 Alll��SSCSSII7tf11S IBVIC(I 0(
<br /> f � assesmd upon said premisrs and upon this murtgage and the bond secured dierebv brfure the same shall become delinquznt;ro Cumish approved
<br /> in5urance upun Ihe buildings on said premises si�uated in the sutn uf�4����.�� p�yable tu said ASSOCIA'IION and to deliver to said
<br /> . ASSOCIATION thc pulicics lor said insurancc:and nut io m�mnit or permit;�ny wastc on ur about said prcmires;
<br /> � lu case uf default in Ihe perionnance uC any ol'the tenns�nd cunditions of this morteege ur the bund secured hereby,the morig�gee sl�all,
<br /> un demund,be cn�iiled to immediate pussession ol the murtcagad prcmiscs and �lie mungagor hrreby assigns, trans(ers and sets ocer W the
<br /> x � nwrtgagee all the reus,revenucs and income tu 6e Jerived Irum ihe mungaged p�emises during such time as the mortgage inde6tednnss shxll remain
<br /> tmpaid;anJ Ihe morlgagce shall havc thc pua�rr to appuint any agen�or agents it may desire lu�tht purpose of repairing said premises and ren[ing
<br /> r. the same and cullecting ihe rents,rrvrnues'�nd incume,and it may pay out u[said incume all expenses u(repairing said premises aud nrcessary
<br /> ' cummissions and expenses incurred in renting and m�naging the same and o(cullcc�ing rentuls therclrom:ttie hal�nce remaining,if any,to be
<br /> applieJ tuwarJ the disch��ge u(s:�iS mung�ge indebtedness th���r rights ul tha nwrlgagee m�y bc exercised at any time during ds existence of such
<br /> � default,iucspectire o(any temporary waiver of dm same.
<br /> 'fhese Prennls,hu��'ceer,arc upun thc Cunditiun,That i(the said 1luneagur sh�ll repay said luan un ur belure dte maturily uf s�id shares by
<br /> paytnen�:pa}'munihly tu said ASSOCIATIO\ul�he sum sprcitied in�hc ISund seeured heirby as interrst�nd principal un said lo�n,on or befure
<br /> Ihc 1\vemicth day o(L'Jl'�l 811(S C\'Cf)'IllUplll.UI111I 5!I(�IUBp 1)IUIIV�1811I,P8y'8II 18SC5 dllll JSSCSSII7CI1I5 IC\'Ik(I B�.:III15l 581(I pIBI7LSC5�I71I00 l}IIS�IOfI�'1sl'
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<br /> and the l3ond securcd thereby,be(ore delinyurncy:iurnish uppruved insur�nce upon ihe buildiugs thereun in thc sum uf Y}4 OOO.�� ��'Y':�ble
<br /> " � tn said ASSOCI,Y�IO\:iepay tu s�id AtiSOI'IA"lIOV upon drmand all muncy by i�paiJ lor such tascs,assrssments and insuranca with interest�t
<br /> the maxiinwn Irgal r�ie thereun frunt da�a u(papment all ui which�tortgagur hereb}'agrces tu p�y:pennit�w was�e un;aid premises:keep and cumply
<br /> _ u�i�h all the agroements and conditiuns u�the Uund fut 5 4q �nn (�n ihis d�y given bp the said\Iu�tgagur�u said ASSOCIAT'IOV,and comply
<br /> �cith aIl the reyuirenten�s u(the Cunstituliun and by�lau's of��id�SS'C7UATIOV;�hen these prescnts shall becume null and eoid,uthenvise they,
<br /> shall rrmain in lull forca�nd may be fureclosed a(the optiuu ul the said ASS(X'IA"PION alter Iaiiurc Im ihree monlhs �u make any uf said
<br /> - paym�nls ur be�hree nwnths in aueais in m:�king said nronthly payments,ur tu keep and cumply with the agreements and conditiuns ul s�id�und:
<br /> - anJ!�tor�gagur agrees w hace a rei�erver appuin�rd funh���ith in such foreclusure pruceediugs.
<br /> 1(�here is any change in uwnership ol the real esia�c murtgaged hecein,by s:+lc m othcrwise,then tha entire remaining indebtedness hereby
<br /> secured sliall,at the up�ion u("Ihe l:yui�able 6uilding and Loan Assuci�tiun ul Grand Island,Nebraska,becmue immediately due and payable w•ithout
<br /> (unher nutice,and the amuum rrmainiug due under said bund,and any uthe�bond for any�dditiunal advances made thereunder,shall.fmm the
<br /> ' d��e uf cxercise of said uptiun,bL'0f Illll'fCSI JI II1C(I7JXIII1l1II7 IC�'8I f81C,BIIII 1I11S I71Ufl�;J6^fllA)'lI1Ci1 bC fu�eclosed to satis(y the amuunl Jue on s�id
<br /> ` bond,anJ any u�her bund(ur additional�dvances,tugether with all sums paid by said Tl�e I:quitable Building and Luan Assuciatiun uf Grand Island,
<br /> rNebraska fm inwrance,taxes and assessments,and abstracting extcnsiun chargrs,�villi intercst thereon, irom dale of payment at the mazimum
<br /> Icgalra�c.
<br /> �. As provided in the Bond secureJ hereby,while lliis mu�lgage remains in efl'ect the murtgagee may herea(ter advance additiunal swns to the
<br /> makers uf said f�ond,their assigns m succeswrs in interest,which sums sh�11 be within the securi�y of this mortgage the same as the Cunds originally
<br /> �� ucurrd thcrcby,the total amount ol'princip�l dcbt nut to eaceed at any iime the uriginal amuunt of this morigage.
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<br /> ' o. aa,�s t� - a�Y:��r August �.0 i�'76
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<br /> F ancis L. Luhn � I�arce a J. `Lum/
<br /> STATE Of NG4RASKA, 5th AU USt I�)�6 ,befure me,
<br /> ss. On this day o( 9
<br /> COUNTY OF NALL _ i .
<br /> ihe unde�signcd,a Nutary Public in and(ur said County,persunally came �
<br /> Francis L Luhn and Marcella J. Luhn, each in his and her own right ard as spouse o.�' e�ach N�.
<br /> L OthgX'�5�.,�--Z "�u are Ptrsona ly nown�o � '
<br /> �rie'��Ao l�Wrifff��r �«wB H�Imse name s are ��fixed lu ihe abure instrument as mortgaK�6 ���� they sz�•erally d. �
<br />� .;sckqpw�gdge��the,s��id i�[rumenl to be thei r vuluntary act and deeJ. r`
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<br />,�.� -45M1TNIrs$my IianJ and Notarial Scal the date aforesaid. . tt!
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