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<br />008880 �� �,� �,,�� G Page �L_S _� -- -- F,�
<br />Jean Fisher, Register of Doods, Fo
<br />Hall County, Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 21 , 738MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That Vi Ctor F. Singkofer and Leona L. Singkofer,:• each in his
<br />' r
<br />and her own.right and as spouse "of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty Seven Thousand and No/100--7 ----=---
<br />---------------------------------------DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island; Nebraska, Mortgagee, upon 270 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,738 MGI,@o hereby grant,.convey and mortgage unto. the said ASSOCIATION the following
<br />described real estate, situated ih Hall County, Nebraska:
<br />LOT SIX (6) IN BLOCK ONE (1) IN WESTERHOFF'S•SECOND SUBDIVISION
<br />A RESUBDIVISION OF THE SZ OF BLOCKS THREE (3) AND FOUR (4), AND
<br />THE NORTH HALF (Nz) OF BLOCKS FIVE (5) AND SIX (6), WESTERHOFF'S
<br />FIRST SUBDIVISION IN THE CITY OF GRAND ISLAN-D, HALL COUNTY, NEBRASKA.; -
<br />together with all the tenements, liereditaments 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 the mortgagor shall and 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 sura of S 27 , 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 sliall 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 the discharge of said mortgage indebtedness; these rights of the mortgagee may be 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 S27 , 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 at
<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 thea reements and conditions of the Bond for S 77 [[��((�� ((��((�� this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws oi's�� 9SUZIATION; 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 Wand ;Nebraska, become•immediately due and payable witliout
<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 the 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 in which sums shall 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 30th day of .July A.D., 19 75
<br />• ,o :.oma-.�- � �=.�-� " ,te-�...-
<br />Victor F. Singkofer % Leona L. Singkofer '
<br />STATE OF NEBRASKA, ss Ort this 30th day of July 19 75 before tile,
<br />COUNTY OF HALL }
<br />the undcrsi �ned, a Not• r Public in and fors rd Con tty, ersonally came
<br />Victor F. Singkofer and Leona L. Singkofer, each in alis and'ier o��n r�ghi an8 ash spouse of
<br />each other, who are personally known to
<br />tncio a ter ent cal; orso-n ON wl bse names are affixed to the above instrume s mortgagors and2 th Lev
<br />y
<br />acknowledged the(siid instrumento 6e their voluntary act and deed.
<br />NITNEStS my' lila' 'I
<br />an Notarial Seal the date aforesaid.
<br />"v ; im..'aon cx.pires
<br />i�1 C+41n1rPissionie�lrc 1
<br />/ . Notary Public
<br />3-73-2M w
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