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<br /> 78--��R�!��18
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L ZZ.983
<br /> lKNOWALLMENBYTHFSEPRESENTS: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 or more,in wnsideration oF the�um of �� � �- ��
<br /> ! Thirteen Thousand Five Hundred and No/100------------------------------------- notr..Axs
<br /> loaned to said mortgagor by The Equitabk Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 135 shares of stock of �� . -
<br /> said pSSOCIATION,Certificate No. L 22,983 ,do hereby gant, convey and mortgage unto the said ASSOCIATION the following
<br /> ' described real estate,situated in Hall County,Nebraska: . - � �
<br /> THE SOUTHERLY SIXTY-SIX FEET (S66' ) OF LOT FOUR (4)
<br /> . BLOCK THIRTY—FOUR (34), ORIGINAL TOWN, NOW CITY OF
<br /> ' GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> together with all [he tenements,hereditaments and appurrenances thereunto belonging,including attached floor coverings,all window scrcens, - ���
<br /> � window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves, �
<br /> refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate. �
<br /> , And whereaz the said mortgagor has agreed and dces hereby agrce that the mortgagor shall and will pay all taxes and asxssments levied or � . � _ ,
<br /> asxssed upon said premixs and upon this mortgage and the bond secured thereby be(ore the same shall become delinquent;to furnish approved �
<br /> insurance upon the buildings on said premises situa[ed in the sum of 5�3�5QQ.QQ payable to said pSSOCIATION and to deliver to said ,� � �_
<br /> � ASSOCIATION the pulicies for said insurance;and not to commit or permit any waste on or about said premiser, �
<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,be entitled to immediate possession of the mortgagcd premises and the mortgagor hereby assigns, transfers and sets over to the . .
<br /> . mortgagee ail the rents,revenues and inwme 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 rmting . . �.
<br /> � , the same and colleMing the rents,mvenues and income,and it may pay oui of said income all expenus af repairing said premius and necessary �
<br /> � eommissions and expenses incurred in renting and managing the same and of collecting rentals thercfrom; the balance remaining,if any,to be � . � .
<br /> � applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercixd at any time during the existence of sueh . � .
<br /> �. � default,irrespective of any temporary waiver oC the same. � . �
<br /> Theu Preunts,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturiry of said shares by �
<br /> payment;pay monthly to said ASSOC1AT10N of the sum specified in the Bond secured hereby as interest and principal on said loan,on or before � � �
<br /> . the Twentieth day of each.and every month,until said loan is fully paid;pay alI taxes and assessments levied agains[said premises and on this Mortgage : � �
<br /> and the Bond secured thereby,before delinquency:fumish approved insurance upon the buildings thereon in the sum of S �3��j00.�0 Payable � � � �
<br /> � to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,asxssments and insurance with intuest at � � . �
<br /> the maximum legal rate thereon from date of payment ali of which Mortgagor hereby agrees to pay;permit no was[e on said premises;keep and wmply . . � -�
<br /> . with all the agreements and conditions of the Bond for 5 �3�5QQ.QQ this day given by the said Mortgagor to said ASSOCIATION,and comply � . � �. �
<br /> � with all the requirements of the Constitution and ByLaws of said ASSOCIATION: then these presents shall become null and void,otherwise thry . � .
<br /> shall remain in Cull force and may be forecloud at the option of the said ASSOCIATION after faiiure for throe months to make any of said � � �
<br /> payments or be three months in arrears in making said monthly payments,ur to keep and comply with the agreements and conditions of said Bond; �
<br /> � and Mortgagor agrees to have a receiver appuinced forthwith in such foreclosure proceedings. � ..
<br /> If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the mtire remaining indebtedness hereby � � �� � ��
<br /> secured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without �. � � �:.-F�
<br /> fuRher 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 exerciu of said option,bear interest at the maxunum legal rate,and this mortgage may then be forecloud to satisfy the amount due on said .
<br /> bond,and any other bond Cor additional adwances,together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br /> � Nebraska for insurance,ta�ces and assessments,and abstrac[ing extension charges, with interest thereon, from date of payment at the maximum .
<br /> Iegal rata
<br /> As provided in the Bond secured hereby,while[his mortgage remains in effect the mortgsgee may hereafrer advance additional sums to the
<br /> � � makers of said Bond,their assigns or succeswrs in intemst,which sums shall be within the security of this mortgage the same as ehe funds originally �. ,
<br /> � secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgaga �
<br /> a tn;s 25th aay ot January A.D.,iv 78
<br /> 9�/ L✓ ,��.:� 77 . ':
<br /> ` � er . Luft onna R. Luft '
<br /> �
<br /> STATE OF NEBRASKA,�� On this Q�jth. day of �anuar 197$ ,before me,
<br /> S �;COUNTY OF IiALL Y _._.��, �q
<br /> Roger 1+�. Luft and Donna R. LUft� each 7 0 hl S the undersigned,a Notary Public in and for said County, rsonallycame
<br /> ,; , and her own right and as sp�ouse ofi each other
<br /> 'f ' who re personally known to ^
<br /> R
<br /> ' 1 � me tq be the idmtiol perton 5 _ n dt"E affized to the above instrument as mortgagor 5 and thE�/ xverally ;: q
<br /> M 1-r" 1 �f � i4
<br /> acYnowledged the said instrumeqtfq3x . ��-1�'''�n, untary act and dad.
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