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<br /> MORTGAGE
<br /> MORTGAGE LOAN N0. � '
<br /> � KNOWALLMENBYTHESEPRESENTS:That Roger W. Luft and Donna R. Luft, each in his and her
<br /> own right and as spouse of each other
<br /> ' Mortgagor,whether one oz more,in consideraqon of the sum of �
<br /> � Fifteen Thousand One Hundred and No/100--------------------------------------- noLLnns
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon �5� shares of stock of .
<br /> said ASSOCIATION, Certificate No.L 22�984 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> deuribed real estate,situated in Hatt County,Nebraska: � � �
<br /> LOT SEVEN (7), IN BLOCK ONE HUNDRED SEVENTEEN
<br /> (1 U), IN RAILROAD ADDITION TO THE CITY OF
<br /> GRAND ISLAND, NEBRASKA.
<br /> '.� 's � �
<br /> ; �
<br /> .� together with al! 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 /> ' � rofrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estata . -
<br /> �.� And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or :,
<br /> � assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinqumt:to furnish approved s;
<br /> ��� insurance upon the buildings on said premi:es situated in the sum of 5�S r�OO.�� payable to said ASSOCIATION and to deliver to said
<br /> ASSOCIA7'ION the policies for said insurence;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 /> ��1 on detnand,be entided to immediate possession of the mortgaged premius and the mortgagor hereby assigns, transfers and uts over to the . .�
<br /> � mortgagee all the rents,revenues and income to be derived(rom the mortgaged premises during such time as ihe mortgage indebtedness shall remain . ;�`
<br /> unpaid;and the mortgagee shall have the pownr to appoint any agent or agents it may desire for the purpose of repairing said premises and renting =�
<br /> the same and collecling the rents,revenues and income,and it may pay out of said income all expenus of repairing said premises and neassary
<br /> � commissions and expenses inwrred in renting and managing the same a�d of coilecting rentals therefrom: the balance remaining,if any,to be .
<br /> � applied toward the discharge of said mortgage mdebtedness;theu rights of the mortgagee may be exetciud at any time during the existence of such -
<br /> � �I default,irrespective of any temporary waiver of the sama .
<br /> ���� These Presents,however,are upon the Condition,That if the said Mortgagor shalt 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 /> �� 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 this Mortgage � ��
<br /> �� and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of S �5���0.�0 payable �
<br /> � [o said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at �_ - .
<br /> the manimum 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 3 �5.���.�0 this day given by the said Mortgagor to said ASSOCIATION,and comply . �
<br /> with all the requirements of the Constitution and By-L.aws of said ASSOCIATION:then these presents shall become null and void,otherwiu they � �. �
<br /> shall remain in full force and may be foredosed at the option of the raid ASSOC[AT10N after failure for [hree 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 agroements and conditions of said Bond; . � � �
<br /> and Mortgagor agrees to have a rceeiver appointed for[hwith in such foreclosure proceedings. - � � �
<br /> If therc is any change in ownership oC the real estate mortgaged herein, by sale or otherwiu,then the entire remaining indebtedneu hereby . �
<br /> .ucured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br /> fur[her natiee,and Ihe 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 foreciosed to satisCy the amount due on said � .
<br /> �r bond,and any other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association of Crand lsland, . � . ,
<br /> Nebraska for insurance,taxes and assessments,and abstracting extrnsion charges,with interest thereon, from date of payment at the maximum . .
<br /> � legal rata
<br /> As provided in the Bond secured hereby,while this mortgage remains in etfect the mortgegee may hereaher advantt additional sums to the
<br /> makers of said Bond,their auigns 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 /> ; ,.� D t this 25t . day of January A.D.,19 7$ `
<br /> � :i11L0-�;�c.�- 1 J�
<br /> ' ? o r : luft �onna R-C�t
<br /> s . y
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<br /> # sr:��oF r�sxnsxn, 78
<br /> � F.COUNTY OF HAI.L�ss. On this 25th. �Y°f January 19 ,beforc me, �e
<br /> ' -' � ' the undenigned,a Nota Public in and for said County personally came
<br /> - R(�ger W. Luft ar+d Donna R. Luft, each i n his and her own ri g�it and as spouse o� each other j;� �t �
<br /> � �� � wno are arsonauy known�o . �`; .
<br /> _c f ine Yb be�the.idenUal�peraon S� w 'r ,"S�'��'�,- affixed to the above instrumrnt as mortgagor 5 and thEy severallY . � �. ,.,�a
<br /> s •
<br /> ; sdctwwkdged the aaid insuument to '�.-�g1 t^'� wlu t and dxd. ""�
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<br /> ` WITNESS my han (�id NotanqlSeaLthe�dete`afi'aaQesaid. ,� � � �
<br /> f My Commission e ues;J�' '7' '�' ' �
<br /> � 8; ,c�����, �`- -�/�iLr��.�
<br /> .. . ��. , � , � Notary Public . .
<br /> . s•1-sat aI� •`t � '' �.\- •"
<br /> i' �� . 4'��lif tv��`�l"-
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