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MORTGAGE
<br />T MORTGAGE LOAN NO. _L 24947 ADD]
<br />KNOW ALL MEN BY THESE PRESENTS: That Charles P. Kaufman and Elizabeth J. Kaufman, each in his
<br />and her own right, and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the arm of
<br />Twenty Two Thousand and no /100 --------------------------------------------------- T10LLAR3
<br />loaned to aid mortgagor by The Equitable Building anal Lan Association of Grand Island, Nebraska, Mortgagee, upon 220 shares of stock of
<br />said ASSOCIATION, Certificate No. L 2 4 9 4 7 ADDL, do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />dtxarbed real estate, situated in Hall County, Nebraska:
<br />The East Sixteen (16) Feet of Lot Seven (7) and all of Lot Eight (8), Block One Hundred
<br />'twenty One (121), in Koenig and Wiebe's Addition to the City of Grand Island, Hall County,
<br />Nebraska.
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<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto,puow
<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 sum of S 22 , 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 aloe and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said
<br />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 S 22,000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with inte rest at.
<br />the legal
<br />Maximum 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 22 , 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 />,..;
<br />stall 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
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<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 suns 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 />k d rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional suss to the
<br />rakers 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 />iAstedd�t''his 18th day of November A.D.,19 87.
<br />arl,es P Kyfm --
<br />Elizabeth J. Ka fman
<br />STATE OF NEBRASKA, ss. On this 18th day of November 19 8 7 ,before me,
<br />CO]INTY OF HALL
<br />Lthe
<br />undersigned, a Notary Public in and for said County, personally came
<br />Charles P. Kaufman and Elizabeth J. Kaufman, each in his and her who are personally known to
<br />]1�tbett i)s]„ SSspouk, �.&ShAher. affixed to the above instrument a) mortgagor S and they severally
<br />acknowledged the said instrument to be their voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the date aforesaid.
<br />My Commnaion expires
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