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<br />88- <br /> <br />100100 <br /> <br />MORTGAGE <br /> <br />r <br /> <br />MORTGAGE LOAN NO. L 24,978 <br /> <br />KNOW ALL MEN BY THESE PRESENTS: That Hidland Ag <br />Roger L. Luebbe and Barbara A. Luebbe, each <br />each other; jointly and severally, <br /> <br />Service, Inc., a Nebraska corporation, and <br />in his and her own right, and as spouse of <br /> <br />Mortgagor, whether one or more, in consideration of the sum of <br />Fifty Thousand and no/IOO ---------------------------------------------------------DOLLARS <br /> <br />loaned to said mortgagor by The Equitable Building and Loan Association of Grar.d Island, Nebraska, Mortgagee, upon 500 shares of stock of <br />said ASSOCIATION, Certificate No. L 24,978 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following <br />described real estate, situated in Hall County, Nebraska: <br /> <br />SEE ATTACHED EXHIBIT 'A'. <br /> <br /> <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,stowes, <br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate. <br /> <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 sum of$50 ,000 .00 payable to said ASSOCIATION and to defuer to said <br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises; <br /> <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 immed~te possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets oyer to the <br />mortgagee all the rents, revenues and income to he derived from the mortgaged premises during such time as the mortgqc 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 premiles and renting <br />the same and rollecling the rents, revenues and income, and it may payout of said income all expenses of repairing said premiles and I1CCleSIIJy <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 suc:h <br />default, irrespective of any temporary waiver of the same. <br /> <br />.'hese I'resents, 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 />tbe 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 MortPF <br /> <br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of $ 50,000.00 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 /> <br />with all the agreements and conditions of the Bond for S 50,000.00 this day giyen 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 nuIl and wid,otherwiJe they <br />shaIl remain in fuIl 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 />lInd Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. <br /> <br />If there is any change in ownership of the real estate mortpged 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 adftllccs made thereunder, shall, from the <br />date of exercise of said option, hear 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 adftllces, 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 /> <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 interest, 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 /> <br />January A. D., 19 88 <br /> <br />./7 ~ / <br />/ k~ ';>(:::t"~~,--*I-"~ <br />R ge L. Luebbe, P rsonal Guarantor <br /> <br />, <br /> <br />,~ <br />;~ <br />''1 <br />) <br /> <br />.H <br /> <br />, <br />c <br />.~ <br />, <br /> <br /> <br />,- <br />I <br /> <br />STATE OF NEBRASKA, t iB. <br />COUNlY OF BALL t <br /> <br />On this <br /> <br />8th <br /> <br />day of <br /> <br />January <br /> <br />19 88, before me, <br /> <br />l <br /> <br />the undersigned, a Notary Public in and for said County, personally came <br />Roger L. Luebbe and Barbara A. Luebbe, each in his and her own right, <br />and as spouse of each other; jointly and severally, who are <br />me to be the identical person s whose name s are affixed to the above instrument as mortgagor S <br /> <br />acltnowledged the lllIid instrument to be their voluntary act and deed. <br />WlTNI'.ss my hand and Nntarial Seal the date aforesaid. <br /> <br />My Commission expires 1/- L~ s ..,f l' <br /> <br />and <br /> <br />personally known to <br />they severally <br /> <br />1 <br />,~J <br />c. <br /> <br />'.111-2111 III <br /> <br /> <br />__ III..,-Itll." ...... <br />JOANNE G. ROUSH <br />.. c.a _....25,1. <br /> <br />/-) /.) <br />( /~2.',7J ",l;. I ,/ J, ,..(eA, <br />-yr_:: '..,,"-,.t__ ._>-L. u 1.--LL'.t'N,::{iry'riib"lic..- <br />