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<br /> MORTGAGE
<br /> MORTCAGE LOAN NO. L ZZ.9H7
<br /> r KNOWALLMENBYTHESEPRESENI'S:That Regency Construction, Inc,. Roger W. Luft, President
<br /> 1j
<br /> '; � ___ Mortgagor_whether one or more,in consideration of the sum of ����� � '
<br /> Forty Eight Thousand and No/100------------- _______________�L��
<br /> r � losned to said mortgegor by The Equitable Building and Luan Association of Grand Island,Nebraska,Mortgagee,upon �}$� shares oF stock of
<br /> said ASSOCIATION, Certificate No.L ZZ�987 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the Following
<br /> 1 described real estate,situated in Hall County,Nebraska:
<br /> 's
<br /> LOT THIRTY-FOUR (34) WESTERN HEIGHTS TIIIRD
<br /> SUBDIVISION, HALL COUNTY, NEI3RASKA.
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<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached f]oor coverings,all window screens, �
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessoriee 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 whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied ot
<br /> assessed upon said premius and upon this mortgage and the bond secured thereby before the same shall become ddinquent;to furnish approved � �
<br /> insucance upon the buildings on said premises situated in the sum of S 48.�0�.U� payabie [o said ASSOCIATION and to deliver to said �
<br /> � ASSOCIA7'ION the policies for said insurance;and not to commit or permit any waste on or about said premises;
<br /> �.� � In case oC 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 entiUed to immediate possession of[he mortgaged premises and the mortgagor hereby assigns, tramfers and sets over to the �
<br /> .. mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time az the mortgage indebtedneu shall remain
<br /> . wpaid;and the mortgagee shall have the power to appoint any agent or agrnts it may desire for the purpose oC repairing said premises and rrnting
<br /> _ , the same and collecting the rents,revenues and income,and it may pay out of said income all expenus of repairing said premises and necessary �
<br /> � commissions and expenses incurrcd in renting and managing the same and of colleMing rentals tho:efrom: the balance remaining,if any,to be �
<br /> applied toward the discharge of said mortgage indebtedneu:these rights of the mortgagee may be exercised at any time during the euistmce of such - �
<br /> � default,irrcspective of any temporary waiver of the same. - .
<br /> Theu 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 /> payrrunt;pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and ptincipal on said loan,on or before
<br /> the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessmrnts levied against said premises and on this Mortgage �� � �
<br /> and the Bond secured thereby,before deGnquency;furnish approved insurance upon the buildings thereon in the sum of$ 4$��0�.QQ payable ��
<br /> � to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> the maximum legal rate thereon from da[e of payment all of which Mortgagor hereby agrees to pay:permit no waste on said premises;keep and comply . �
<br /> with all the ageements and conditions of the Bond for S 48 s���.�0 this day given by the said Mortgagor to said qSSOCIATION,and wmply ��
<br /> j with all the requ'vemen[s of the Constitution aad By-l.aws oF said ASSOCIATION;then theu preunts shall become null and wid,otherwise they �
<br /> shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for ttvee 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 agrcements and wnditions of said Bond; � � �
<br /> and Mortgagor agrms to hsve a receiver appuinted forihwith in such foreclosure proceedings. �. .�
<br /> � ; If there is any change in ownership of the real estate mortgaged herein,by salc or otherwise,then the mt'ue remaining indebtedness hereby � � �
<br /> "i� secured shall,at the oplion of The Equitable Building and Loan pssociation 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 thereundu,shall,from the � � �
<br /> � date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foredoud to satisfy the amount due on said �
<br /> -J bond,and any other bond for additional advanees,rogether with all sums paid by said The Equitable BuIlding and Loan Association of Grand Island, � � �
<br /> Nebraska for insurana,taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment at the maximum � � �
<br /> legal rate. . . . �
<br /> ��.; As provided in the Bond secured hereby,while this mongage remains in effect ihe mortgagee may hereafter advance additional sums to the � � �
<br /> mekers oC said Bond,their assigns or successors in interest,which sums shall be within the ucurity of this mortgage the same as the funds originally � �
<br /> ,.-�.� secured thereby,the total amount of principa]debt not to exaed at any time the original emount of this mortgaga �� � � .�
<br /> " Dated this 3OtH. day of January A.D.,19 78
<br /> `j Re nc Construct'on Inc.
<br /> .;i �� �� �
<br /> -f er u , en
<br /> f STATE OF NEBRASKA, � On this 30th. da of Jan ua ry 7$
<br /> 'i COUNl'Y OF HALL� Y 19 ,before me, `„f_ �
<br /> �', � �, � ��� . , � . . the undersigned,a Notary Public in and for said County,perwnally came -� �
<br /> '3 Regency Construction, Inc., Roger W. Lu:ft, President Wha �S I �' '` �
<br /> „d .,.. ..� . personally known to �
<br /> � - -�me to�be the identlpl petaon .�amLIC affixed to the above instrument as mortgagor and he �� J k�
<br /> ack�owledged the said instrument ba� �r�f F n'.
<br /> � ;`;4'�ry'• � � act and deed.
<br /> �� . . � WITNESS my �aal Notarial Se�t'tfl�� aforesaid. J �*� '^y;.n,�
<br /> : . � . .MyCo �p� O'nRY .� //6� l/(_����i1j'f � :.'w ..:i�.,,.
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