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<br />M o f Page_�1- Register of Deeds,: 0
<br />Je Fisher,
<br />V, MORTGAGE Hall County, Nebraska
<br />\ MORTGAGE LOAN NO. Lx,,578. '• •MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That Rodney E. Lofti s and Cindy A. Lofti s ; eac.h- i n ..his and
<br />her own right and as spouse of each other ; Mortgagor, whether one or more, in consideration of the sum of
<br />Eight Thousand and No/100------------------------------------------------------- -- DOLLARS:
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 80 shares of stock of
<br />said ASSOCIATION; Certificate No. L 21 ,578 MGIC, do hereby grant, convey and mortgage unto the said 'ASSOCIATION -the following.
<br />described real estate, situated an Hall County, Nebiaska:
<br />LOT FIVE (5) IN BLOCK ONE HUNDRED FORTY FIVE
<br />(145) IN UNION PACIFIC RAILWAY CO'S SECOND ADDITION
<br />TO-THE•TOWN, NOW CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />together .with all the tenements, hereditaments and appurtenances thereunto belonging, including, attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories 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 themortgagor shall sand will pay all taxes and assessments levied or
<br />assessed upon said premises and..upon this mortgage and the bond secured thereby before the same shall become'delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 8 , 000.00 payable to said ASSOCIATION and. to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In case of 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 entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers 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 premises 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,
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the ,balance remaining; if any, to be
<br />applied toward tile m
<br />e discharge of said mortgage indebtedness; these rights of the mortgagee aybe exercised at any time during the existence of such;
<br />default, irrespective of any temporary waiver 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
<br />payment; pay monthly to_ said ASSOCIATION of the sum specified 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 assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 8 , 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for'such taxes, assessments and insurance with interest ati
<br />the maximum legal 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 S 8 , 000.00 this .day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then these presents shall become null and void,'otherwise they
<br />shall remain in full force and may be foreclosed 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 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 real estate mortgaged herein, by sale or otherwise, then the entire remaining 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
<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 Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from .date of payment at the maximum
<br />legal rate.
<br />As provided in tiie Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond; their assigns or successors in interest, which sums sliall be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed. at any time the'original amount of this mortgage.
<br />Dated this 1st day of May 1 D.; 19, 75
<br />Rodney Loftis Cindy - A. Loftis
<br />STATE OF NEBRASKA, ss. Onthis 1St day of May 19 75 , before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Rodney E. Loftis.and Cindy A. Loftis,.each in his and her own right and as spouse of each
<br />other, who are ' personally known to
<br />me ie rsonS whose name s are affixed to the above instrument as mortgagor S and they severally
<br />rtQwlgd&t°d�xlter�a ument to be their voluntary act and deed.
<br />Jf1fiHIES y hand and Notarial Seal the date aforesaid. �{
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<br />EXPIRESotary Public
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