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<br /> .78-- ��1587
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<br /> MORTGAGE � t
<br /> MORTGAGELOANNp. L 23,041 s ,S<
<br /> "' KNOWALLMENBYTEIFSEPRESENTS:That aohn E. Pfeifer anci Lois A. Pfeifer, each in his and � � *�`
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<br /> ; her own right and as spouse of each other � �
<br /> r '� �.� � . Mort or,whether one or more,in consideration of the sum oF �� �' ' ' ��;
<br /> Thirtv Six Thousand and No/100---------------- -- --- . ---noLcarLs `' "`
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<br /> `s � loaned to said mortga@or by The Equitable Building and Loan Association oF Grand Island,Nebraska,IMortgagee,upon 3�� sharea of rtoek of . _
<br /> ' ? said ASSOCIATiON,Certifieate No. L 23 s0�1 ,do heroby grant,convey and mortgage unto the said ASSOCIATION the followiag
<br /> ' described real estate,situated in Hall County,Nebraska=
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<br /> `;} LOT SIX (6) WESTERN HEI6HTS SUBDIVTSION, HALL t; ' "'
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<br /> ' fpgether with all the tenements,hereditaments and appurtenances thereunto belonging, including xttached tloor cuverings,all window screens, �� �'t "s�;
<br /> �p wiodow shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipmrnt and accessories thereto,pumps,stoves,
<br /> refrigerators,and other fixtums and equipment now or hereafter attached to or used in connection with said real esta[e. �� l :;a;;
<br /> �,���. � And whe�eas the said mortgagor has agsetd and dces hereby agree that the mor[gagor shall and will pay all taxes and asseuments levitd oc �
<br /> assesud upon sa�id premises and upon this mortgage and the bond secured thereby before the samn shall become delinquent;to fumish approved � ,,��. �y'
<br /> insurance upon the buildings on said premises situated in the sum of 5 36.00�.�� payable to said ASSOCIATION and [o deliver to seid , y
<br /> '�,� � AS50CIATION the policies for said insurance;and not to commit or permii any waste on or about said premises; 2��
<br /> In wse of default in the performance of any of the terms and con�litions of this mortgage m the bond ucured hereby,the mo-rtgagee shaYl, -
<br /> } on demand,be entided to immediate posussion oC the mortgaged premises and the mortgagor hereby asvigns, transfers and sets over ro the 4�;
<br /> . mortgagee all the rrnts,revenues and income to be derived from the mortgaged premises during such time as the mortgflge indebteMess shall remain -:
<br /> unpaid;and the mortgagee shall have the power to appoint any agrnt or agents it may desire for the purpose of repairing said premises and renting �� � s�,
<br /> '�� the same and collecting the rents,revmues and income,and it may pay out of said income all expenses of repairing said premises and necessary . x �` t�
<br /> commissions and expenses incurred in renting and managing the same and of coUeeting rrntals thenfrom; the 6alance remaining,if eny,to be � `�'
<br /> ,� applied toward the diuharge of said mortgage indebtedness;these rights of the mortgagee may be exerciud at any time during the existence of such �. �,�r:.
<br /> default,irrespective of any temporary walver of the same. �,
<br /> These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shares by��� �� 'r'`
<br /> �� . _ paymrnt;pay monthly to said ASSOCIATION of the sum speci6ed in the Bond xcured hereby as interost and principal on said loan,on or before �`
<br /> the'IWentieth day of each and every month,until said loan is Cully paid;pay all taxes and assessments levied against said premius and on this Mortgage r
<br /> F and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of 5 36�OOO.OO paYable -
<br /> ) to aid ASSOCIAT[ON;repay to said ASSOCIATION upon demend all money by it paid for such taxes,assessments and insurance with interest at
<br /> � y �.� . � the maximum legal rate thereon from date oF payment all of which Mortgagor hemby agrees to pay;permit no waste on said premises;keep and compty
<br /> ` � with al1 the agreements and conditions of the Bond for S 36 yOOO OO�day given by the said Mortgagor to said ASSOCIATION,and wmply � .
<br /> �a � . with all the requiremrnts nf[he Constitution and ByLaws of sa�d ASSOC[ATION-then these preunts shall become null and void,othecwiu they .
<br /> ' j . shall remain in.full force and may be foreclosed at the option of the said ASSOCIATION aher failure for three months to make any of said
<br /> 1 payments or be three months in arrcan in making said monthly paymrnts,or tu keep and comply with the agreements and conditions of said Bond;
<br /> , � . and Mortgagor agreu to have a receiver appointed forthwith in such foreclosure proceedings.
<br /> , ��� � � If there is any change in ownership of the real estate mortgaged herein,by sale or o[herwiu,then the rntire remainLtg 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 � �
<br /> further notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the �i;
<br /> � ,.t �� � date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be forecloud to satisfy fhe amount due on said � .
<br /> � �bond,and any other bond for additional advances,together with all sumx paid by said The Equitable Building and Loan Association of Grand Island, � �
<br /> . � Nebraska for insurance,taxes and assesamenu,and abstraMing extension charges, with interert thereon, from dflte of payment at the maximum
<br /> '� legalrata
<br /> � � As provided in the Bond sewred hercby,while this mortgage remains in effect the mortgagee msy hereaRer advance additional sums to the .
<br /> � � � makers of said Bond,the'u assigns or successors in interest,which sums shall be within the xcurity of Uus mortgage the same as the funds originally
<br /> seiaued�thereby,�the total amo t of prinoipal debt not to exaed at any time the original amount of this moRgege.
<br /> � `� 2 t aay oc March A.D.,i9 78
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<br /> � Lois A. `Pfei� er �
<br /> SfATE OF NEBRASKA, 21s t Ma rch 78 �-:;-
<br /> .. COUIV'fY OE HALL.�� : On this day of 19 ,before me.
<br /> �� � � � the undersigned,a Notary Publlc ia and for said County,personatiy came ` �
<br /> Jeenn E. Pfeifer and Lois A. Pfeifer, each in his and--her own right and as spouse of each �r�
<br /> `�� O�#�El^ who dt^e P�rsonally known to d�^ �{'":
<br /> �' me to be the 3dmtical person5 whox name5 dT'E affixed to the abow in t u mortgago�5 and they uverally .���
<br /> sckaowled�ed the said inatiument to be thei r wmosuy uc sna a«.a. y �,'. `'
<br /> � � hand and Notarial Sesi the date aforeaaid. i ���j �"``� � �
<br /> e�EfQIRAt NOTARY- _r
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<br /> Y� �JAMES W.Q{j6p�lmm �expires. � � . � y-. - �
<br /> -',. MY Comm.ExA-tiw.l '�/;
<br />,� o f.w . . . . . . . Notary Pubtic ..
<br /> . 6.1:�ffi . �� /��r .
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