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<br />88-
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<br />100100
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<br />MORTGAGE
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<br />MORTGAGE LOAN NO. L 24,978
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<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'.
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<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.
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<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
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<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.
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<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
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<br />R ge L. Luebbe, P rsonal Guarantor
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<br />STATE OF NEBRASKA, t iB.
<br />COUNlY OF BALL t
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<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.
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<br />My Commission expires 1/- L~ s ..,f l'
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<br />and
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<br />personally known to
<br />they severally
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<br />c.
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<br />'.111-2111 III
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<br />__ III..,-Itll." ......
<br />JOANNE G. ROUSH
<br />.. c.a _....25,1.
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