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<br /> �B-�C�02166
<br /> MORTCAGE
<br /> MQRTGAG£LOAN Na. �- 23.064
<br /> ( KNOW ALL MEN BY THESE PkESEN'C5:That John E. Pfei fer and Loi s p. Rfei fer, each i n hi s and her
<br /> owo rigfit ancl as spouse af each othew and Marvin A. Wemhoff end Linda L. Wemhoff, � �'
<br /> each in his and her own r�ight a;nd as 5pouse of ea:ch oth.er
<br /> ' Twenty� 'Fho�usa�nd. a.nd No./I00---�-- __,Mo�c�gor_wt���her,oneormore,inccan4ideratfonq[thesumof ' �� ��'��
<br /> ----^---..� w.__r_ _...,_ — IX?LLARS
<br /> loaned to said mqAgagor by The Equitable BuilUing and Luan Association of Grend Island,Nebraska,M�oetgagae,up�n.J ���� shates af atock.qC�
<br /> i said A$$OCIA7TON,Certificate No.L 23,064 ,do hereby grant, convey and mortgage unto rhe saicl ASSOC3ATION che following
<br /> cfescribed real estate�,situated in Hall CoUnty.,Nebraska:
<br /> t
<br /> �.oT Two (2> IN BLOGK 7WELVE (i2� TN COLLEGE
<br /> ADp'ITION TO WEST LAWN AN ADDITION TO THE
<br /> CITY OF GRAND ISLAN'D, HALL COFJNTY, NEBRASKA.
<br /> together wifh a(1 ihe tenements,hered�tamonts snd appurtnnanees thereunuo be1orsging,includrng a�tta�hed tloor cove�rings,ail w�indow screens�,
<br /> window shades,blinds,storm windows,awnings,heating,air rnnditioning.,and plumbing and aater equipment and acxssories.theretq�,pumps,stoves, � „���
<br /> rtfrigerators,wnd Pther fic[ures and eyui,pmrnt nuw or hereafter attached to or uud in c�nnecti�.in wich said real ostate. -
<br /> T
<br /> And whsreas the said mortgag�r has agreed and does herrby agree tliat the �mortgagor shall and w�ll pay a11[ax.as and asse�uments 1Cv�e�i or
<br /> assessed upon�said premi5es a4d upon this�anortgagc and rhe bond secuced thrreby fie6ore the same shall become dclinquent;ta furnlsh.approvedl ; y
<br /> inwrancc upc>n thc bu.ildings on said pretatise�s situated in i:he sum,of 5 QQ�QQQ.QQ payable tu said pS5C>((:'.1A71L)N and to deliver to said
<br /> + � ASS�OCIATION the pol�cies far said insurance;and.not to commit or�ermit any waste on.or abo��t said premiats; �
<br /> t �� [n case nf default in qie perf�rmance of any of che cerms and cunditions �f Phis mortgage or Che 6ond 5ecured hcreby,ihe morkgagea shap., -
<br /> ���A+ on�dcmand,.be entitlad tu immediate possession af a'he mortgaged premises and the murtga�.qr hereby assigns, t.ransfers end sets over co the
<br /> � � moYtgagee alI the remts,rtvmues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shal!remtin � �
<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 renting
<br /> i � the sartx and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premises and neoessary � ��
<br /> �� commissions and expenus incurred in renting and managing the aame and of collecting mntals thercfrom; the balana remeining, if any,to be � .rx_3
<br /> ..; applled toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time ducing the e�cistence of such � �
<br /> default,irrespective oC any temporary waiver of the same. ��
<br /> �� Thrse Preunts,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shares by �
<br /> 7 payment;pay monthly to said ASSOCIATION of the sum spec�ed in the Bond secured heroby as interat and principal on said loan,on or before � �
<br /> �j 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 this Mortgage
<br /> �.;j and the Bond ucured thereby,before delinqumcy;fumish approved insurance upon the buildings thereon in the sum of S 20•000•��
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all mone b it payable
<br /> � the maximum le 1 rate thereon from date of a ment all of which Mort Y Y p81d for s�ch taxes,assessments and insurance with interest at
<br /> �� � P Y gagor hereby agrees to pay:permit no waste on said premises;keep and comply �
<br /> with all the agreements and conditions of the Bond for S 2Q�QQQ.QQ this day given by the said Mortgagor to said ASSOCIATION,and comply �
<br /> with ail the requirements of the Constitution and By-Laws of said pSSOCIA'fION;then these presents shaU become null and void,otherwix they � �
<br /> s}tall remain in fulI fora and may be Corcdoud at the option of the said ASSOCIATION aFter failure for three 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 agreements and rnnditions of said Bond; ' �
<br /> and Mortgagor agrees to have a receiver appointed forthwith in such forectosure proceedings. � - �
<br /> -�.�� If there is any change in ownership of the rea!estate mortgaged herein,by sale or otherwise,then the rntire remaining indebtedness hereby ��
<br /> xcured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immodiatety due and payable without �
<br /> further notice,and the amount remaining due undm said bond,and any other bond for any additional advanas made thereunder,shall,from the �
<br /> � date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said � � � � ��
<br /> bond,and any other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Auociation of Grand Island, � �
<br /> Nebraska for insurance,taxes and asxssments,and abstracting extension charges, with interest thereon, from date of payment at ttte maximum �
<br /> legal rate. -�� �
<br /> ' As provided in the Bond ucured hereby,while this mortgage remains in effeM the mortgagee may hereaker advance additional suma to the
<br /> t makers of said Bond,their assigos or successars in interest,which sums shali be within the ucurity of this mortgage the same as the funds origiaally
<br /> � � se ured thereby,the total amount of principal debt noi to exceed at any time the original amount of this mortgaga . � �
<br /> � �ea t�;s ' aey or Apri 1 A.D..19 78
<br /> � � � )
<br /> ��G!/
<br /> �
<br /> '' • - ' - vin . W f
<br /> Lois A. Pfeif � �
<br /> � , nda l. Wemh ff
<br /> ,� STATE OF NEBRASKA,1 14th day of
<br /> j COUIVTY OF HALL j ffi. on chis Ap r i 1 _ 19 78 ,teeore me, �
<br /> � � � � �e unde ed a Notary Pub' in aa for said Count , sonall cam `
<br /> - John E. 'Pfeifer and Lois A. Pfeifer, each in his an�`�`i`er� own rigkt a��d as �ous�� eac� o�her >� �
<br /> �;� ' Marvin A. �Wemhoff 'nda L. Wemhoff, each in his and her own Who are personallyknownto � ��-', >
<br /> -3 �����O g� S r+are aft`ixed to the above instrument as mortgagors and they sevenl(Y ��
<br /> +
<br /> `3 uJcnowkdged the �••fe'he,�.��f wluntary act and dad. ;�
<br /> '? � � � � �55y haad and<ifo the date aforesaid. �„„:,ax„
<br /> ..q . . . . . NUTARY _i2� l/ � �
<br /> �•�smcgon'��r.Ir?- $J
<br /> .. . ��. . EXPIrEb. .,�
<br /> .�ai-s��e� . J,'.�F� � 1��,:� •',� NotaryPublic .
<br /> • � �rqrC OF NE��i�
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