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<br /> 78- v00�2�
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO.L ,985
<br /> rKNOWALLMENBYTHESEPRESENTS:That Roger W. Luft and Donna R. Luft, each in his and her
<br /> own right and as spouse of each other
<br /> � � -____- Mortgagor,whethe-one or more,in consideration of the sum of �� ��-� . ;�. ;
<br /> Ten Thousand Four Hundred and No/100----- ------------------ �t�A� ;
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon �04 sharcs of stock of �
<br /> said ASSOCIATION,Certificate No.L 22�985 ,do hereby grant, wnvey and mortgage unto the said ASSOCIATION the following
<br /> deuribed real estate,situated in Hall County,Nebraska: � �
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<br /> LOT SEVEN (7), IN BLOCK THIRTEEN (l3),
<br /> IN BOGG'S AND HILL'S ADDITION TO THE
<br /> CITY OF GRAND ISLAiVD, HALL COUNTY, NEBRASKA.
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<br /> . together with all the tenements,hereditaments and appurtenances thereunto belonging, including attached lloor coverings,all window screens, � „�.;�
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories theroto,pumps,rtoves, - ` � z ._:
<br /> . rcfrigerators,and other fixtures and equipment now or hereafter attached to or uud in connection with said real estate. f },
<br /> And whereas the said mortgagor has agreed and does hereby agree that the rnor[gagor shall and witl pay all taxes and assessments levied or �'
<br /> ._i asseued upon said premises and upon this mortgage and the bond secured thueby beforo the same shall become delinquent:to furnish approved ,,,�Z',.
<br /> insurance upon the buildings on said prerttises situated in the sum of S�O���.0� payable to said ASSOCIATION and to deliver to said � `
<br /> �t � ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises;
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<br /> In case oC deFault in the performance of any of the terms and condi[ions of this morigage or the bond secured hereby,the mortgagee shall, �
<br /> t on demand,be entitled to immediate posseuion of the mortgaged premius and the mortgagor hereby assigns, transfers and sets over to the
<br /> �.i mortgagee a11 the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedneu 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 premius 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 . � � F,
<br /> ' commissions and expenxs incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining,if any,to be � � �'
<br /> ,j applied toward the diuharge of said mortgage indebtedness;thex rights of the mortgagee may be exerciud at any time during the existrnce of such �
<br /> .; default,irrespective of any temporary waiver af the same.
<br /> i These Presents,however,are upon the Condition,'Ihat if the said Mortgagor shall repay said loan on or before the maturity of said shares by " �
<br /> ` payment:pay monthiy to said ASSOCIATION of the sum speciFied in the Bond ucured hereby as interest and principal on said loan,on or beforc �
<br /> ':�.f the'lrventieth day of each and every month,until said toan is fully paid;pay all taxes and assessmrnts levied against said premises and on this Mortgage �
<br /> � and the Bond ucured thereby,before delinquency;furnish approved insurance upon the buIIdings thereon in the sum of S���4��.�0 payable � .
<br /> .4� to said ASSOCIATION;repay to said ASSOCIAT[ON upon demand all money by it paid for such taxes,asussments and insurance with in[erest at � �
<br /> .� ffie maximum Iegal 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$ ����(�Q�nn tt�s day given by the said Mortgagor to said ASSOCIA'fION,and wmply ' .
<br /> ,� with all the requirements of the Constitution and By-Laws of said $6CIATION:thm these prexnts shall become null and void,otherwise they � .
<br /> shaiC remain in full force and may be forecloud at the option of the said ASSOCIAT►ON afte� failure for three months to make any oF said �
<br /> �I�� payments or be three months in arrears in making said montlily payments,or to keep and comply with the agreements and conditions of said Bond; �
<br /> .� � and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. � � �
<br /> �� If there is any change in ownership of the rea7 estate mortgaged herein,by sale or otherwise,then the mtirc remaining indebtedneu hereby � �
<br /> '..� secured st�all,at the option of The Equitable Building and Loan Association of Grand lsiand,Nebraska,become immediatdy due and payable without � �� .
<br /> Curther notice,and the amount remaining due under said bond,and any other bond for any additional advances made thercunder,shall,from the �� �
<br /> .�� date oC exercise of said option,bear interest at the maximum legal rete,and this mortgage may then be foreclosed to satisfy the arttount due on said � �.
<br /> bond,and any other bond for additional advances,together with all sums paid by said The Equi[able Building and Loan qssociation of Grand Island, .
<br /> ,:{ Nebraska for insurance,taxes and assessments,and abstracting extension charges, with interat thereon, from date of paymrnt at [he maximum � � �
<br /> legal rate.
<br /> '' � As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may herea}ter advance additional sums to the
<br /> �� make�s 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 /> :i� secured[hereby,the total amount of principal debt not to exceed at any time the original amount of this mortgaga . �
<br /> � n tw: 25th. aayoe January n.D.,i978
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<br /> —�(o'g r . uft po na�R�f�-- oCa�J�-
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<br /> t{ STATE OF NEBRASKA,��. On this da of �'�'' "
<br /> :j co[na�rsroFH�.t 25th. r January i97g ,beforeme, � ;.
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<br /> ��� ��� the undersigned,a Notary Public in and for said County,personally came ; x
<br /> �: Roger W. Luft and Donna R. Luft, each in his and her own right and as spouse of �aCh other � �1 � � '
<br /> ,�; .�:.�. . � .. „ who are personally known to �. .
<br /> � ' me to 6e the idrntical person 5� who �� �"�3Y'�'"?,,� ed to the above instrument as mortgagor S and they severally ��
<br /> ��� . . � ... ... ,�.�� � �, :*,�
<br /> acJcnowledged the said lnatrument to be ��r �irolupYv�Sc d deed. �
<br /> ; WITNESS my hand an /a�tiat'S��the�t0 afofE�- / ,, �¢a .
<br /> .r . . . . . .My Commission expir �C �I}� � ��`'� r' ----=/�=c�� � -/f /_ �T . . . .
<br /> PXP�t'�CU '• .r �'L��j
<br /> .. a,l � . �,0E- ,1}� ��� NotaryPublic .
<br /> aµm <i"T�,'�.:.�� „�r�
<br /> ��`Oi- Pa EU'�r, �
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