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<br /> ' MORTGAGE
<br /> � htORTGAGE LOAN NO. L Z3.OZ6 � 4�
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<br /> i KNOW ALL MEN BY THESE PRESENTS:Thai JePPy L. Hoffer and Roxanne Hoffer, each i n hi s and
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<br /> � her own right and as spause of each other,
<br /> ;#.� ' � __Mortgegor,whether one or more,in conatderation of the sum of � �� � „ ' -i'
<br /> , Twentv-Four Thousand and No/100--------------- --------------------------- �u,A�
<br /> %j loaned to said mortgagor by The Equitable Buiiding and Loan Association of Grand Island,Nebraska,Mortgagee,upon 2�}� shazes of stock of . .�
<br /> said ASSOCIATION,CertIficate No.L 23��26 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County,Nebraska: �
<br /> LOT TWENTY-FIVE (25), KENTISH HILLS SUBOIVISION, LOCATED
<br /> i IN THE SOtJTH HALF OF THE NORTNWEST QUARTER OF THE SOUTH
<br /> WEST QUARTER (S�NW�-aSW;) OF SECTION TWENTY-FIVE (25),
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<br /> TOWNSHIP ELEVEN (17) NORTH, RANGE TEN (10) WEST OF THE
<br /> :t 6TH P.M.
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<br /> ..� together with all the cenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,ali window screens,
<br /> ��. window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves, i
<br /> :k reFrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br /> '�i pnd whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and asseuments levied or . �y
<br /> assessed upon said premises and upon this mortgage and the bond secured thereby before [he same shal!become delinquent;to furnish approved �
<br /> _j. insurance upon ihe buildings on said premises situated in the sum of 3 ZQ.�000 QO payable to said ASSOCIATION and to dellver to said �" - � ?'
<br /> {q ASSOCIAT[ON the policies for said insurance;and not to commit or permit any waste on or about said premises;
<br /> �i. In case of default in the performance of any of the terms and conditions oF[his mortgage or the bond ucured hereby,the mortgagee shall, . ���
<br /> � on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hercby assigns, transCers and sets over to the
<br /> � . mortgagee all the rents,revenues and income 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 premixs and renting � � .� ;:
<br /> -� � the same and wllecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premises and necessary � �.;t;
<br /> � commissions and expenses incurred in rcnting and managing the same and oF collecting rentais therefrom;the balance remaining,if any,to be 1
<br /> applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exerdud a[any time during the existence of such r'�
<br /> default,irrespeciive of any temporary waiver of the same.
<br /> �:� - Theu Presents,however,are upon the Condition,That iF the said Mortgagor shall repay said toan on or before the matwity of said shares by �
<br /> payment;pay monthly to said ASSOCIATION of the sum spec�ed 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 all taxes and asussments levied against said premises and on ihis Mortgage .
<br /> '! and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of$Z4����.�� payable �
<br /> ' � to said ASSOCIATION:ropay to said ASSOCIA7'fON upon demand all money by it paid for such taxes,assessments and insurance with interes[at .
<br /> �'�� the maximum legal rate thereon from date of payment all of which Martgagor hereby agrees to pay;permit no waste on said premises;keep and comply
<br /> ;S � � with all the agreements and conditions of the Hond for S QQ OOO.Oo �s day given by the said Mortgegor to said ASSOCIA'ITON,and comply . . �
<br /> ,d . with all the requirements of the Constitution and ByLaws ot�said ASS�CIATION; then these preunts shall bccome null end void,otheiwite they .
<br /> � � shall remain.in fuil force and may be foreclosed at the option of the said ASSOCIATION after failure for thrce months [o make any of said �
<br /> payments or be three months in arrears in making said-monthly payments,or to keep and comply with the agreements and mnditions of said Bond;
<br /> and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br /> .:,i .. [f there is any change in ownership of ihe real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedneu hereby � .�
<br /> ucured shall,at the option of The Equitable Building and Loan Aesociation of Graad 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 thereunder,shall,from the - . � �
<br /> � date of exerciu of said option,bear interest at the maximum legal rete,and this mortgage may then be foreclosed to fatisfy the amount due on said . � � ��
<br /> :.i � bond,and any other bond for additionat advances,together with all sums paid by said The Equitable Building and Loan Astociation of Grand[sland, �
<br /> � � Nebraska for insurance,taxes and asxssmrnts,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 mortgage rcmains in effect the mortgagee may hereafter advance additional sums to the � �
<br /> .{ � �makers of said Bond,their atsigns or successors in inurest,which sums shall be within the security of this mortgage the same as the funds originally � �
<br /> ,fi ucured thereby,the total amount of principal debt not w exceed at any time the original amount of this mortgage.
<br /> � nee�a� 3rd of Mareh � A.D.,i9 7g
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<br /> 's J L_ Hoffer o ne o er �
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<br /> STATE OF NEBRASKA,t�, pn tw$ 3rd day of Ma rch 1598 ,before me,
<br /> ,;COUN'I'Y'OF HALL S �� .
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<br /> the und r' ed,a Notary Pu c in an for said County,pe nally came �
<br /> �. �erry L. Hoffer and Roxanne Hoffer, each in his and�ier own rig�i� an� as spouse o�each � ,t;-: -
<br /> ��ot .. - �. � . . wh� a re v�rwnauy xnown so
<br /> .b�ltA,. . . . . ��..�,
<br /> m�iYt�t �n S whox name 5 d►'2 atTixed to the above instrummt as morcgagor S and th2y sevecally
<br /> Q�e�d'tRp� ina � nt.to be. .th2i T'�.. � voluntary act snd deed. ,,R..Y
<br /> �� 1�t hand snd Notarial Seal ehe date afozesaid. ,,;,;�'
<br /> ; '�, � ..NpTARY . . . . .
<br /> k CONMISSIQWE3o 'onexpirea � ;�� ` � .
<br /> :� . 2�� EXPA(tES: � . '�f, ����p . � .
<br /> n 3 ��qGC Sl.ti`�8�'�T• �`k� r Notary Public
<br /> �oF n�e��'y� �
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