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<br />83.--~v0~3b`~'
<br />MORTGAGE
<br />MORTGAGE LOANNO. L 24,077
<br />[OdOW ALL MEN BY THESE PRESENTS: That David R. Kraft and Barbara L. Kraft, each in his and
<br />her G67n right and as spOUSe Of each other, Mortgagor, whether one or mare, in consideration of the sum of
<br />Thi rtrF,1G~t Thn+iaarvi Enti Nirr>rlrE.r3 and nO~100---_~__-- __ __ _ __ __ _--_IbLLARS
<br />loaned to said mortgagor 6y The Equitable Building and Loan Association of Grand Islar[d, Nebraska, Mortgagee, upon 384 shams of stodt of
<br />said ASSOCIATION, Certificate No. L 24 077 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described teal estate, situated in Hall County, Nebraska:
<br />The Northerly Thirty Eight Feet (N38')
<br />of Lot Nine (9) and the Southerly
<br />Forty Ttaa Feet (S42') of Lot Eight
<br />(8) in Buhrfttan Subdivision, an Addition
<br />to the City of Grand Island, Hall
<br />County, Nebraska.
<br />together with all the tenements, hereditarrrents and appuetenances thereunto belonging, including attached floor coverirtgs, all window scorns,
<br />window dudes, blinds, storm windows, awnings, heating, air cwndi[ioning,and plumbing and water equiptmnt acrd accesaries thereto,pumps,stoves,
<br />reGigerators, and other factures and equipment now or hereafter atached to or used in atnnection with said real estate.
<br />And whereas the said mortgagor has agreed and dues hereby agree that the mortgagor shall and will pay all [axes and asxssments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become deliagttent to furnish approved
<br />instance upon the buildings on said premises situated in the sum of S 38, 400.00 payable to said ASSOCIATION and to deliver to said
<br />- ASSOCIATION the policks for said insurance; and not f o wmmit or permit any waste on w about said premix:;
<br />In rase of default in the performance of any of the terms and conditions of this mungage or the bond setaued hereby, the mortgagee shall,
<br />on demand, be entitled to im[cediate possession of the mortgaged prevdses and the mortgagor hereby assigns, traatfers amt xts over to the
<br />mortgagee aU the rents, revenues and inasrrte to be derived from the mortgaged premises dining such time as the mortgage indebtedness shall cemairt
<br />unpaid; and the mortgagee shall have the power to appobu any agent or agents it may desire for the ptpox of repairing said premix: and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of swirl income all expenxs of repairing said premises and necessity
<br />wmmissions and expenxs incurred in renting and managing the same amt of coUectirrg rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of rho mortgagee may be exercised at any time during the existence of wch
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the :acct Mortgagor shall repay raid loan on or before the maturity of said shoes by
<br />payatent; pay rnontiily to said ASSOCIATION of the sum specified m the Bond secured hereby as intertxt and principal on said loan, on or before
<br />the Twentkth day of each amt every month, until said Matt is fully paid; pay a13 taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond xcured thereby, before delinquency; furnish approved insurattm upon the buildings therwn in the sum of S 38, 400.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon dernaad a!1 [Honey by it paid fur wch taxes, assessments and insurance with interest at
<br />the maximum kgpl rote thecean from date of payment a{I of which Mortgagor hereby agrees to pay; permit no waste on said premixs• keep andcomply
<br />with all the ageements and ~nditians of the Bond for S38 r 400.00 this day gin 6y the said Mon~rgw to said ASSOCIATION, and comply
<br />with all the requ'netrents of the Constitution and By-Laws of said ASSOCIATION; then these presents shall biome null and void, otherwise they
<br />:trill remain k fuU force and may be torectoxd at the option of the said ASSOCIATION after fadte for three months to make any of said
<br />paymrnu or be Ltuce moths in arrears N making said monthtY payrrtents, ur to keep and comply with the agrcements and conditions nl' aid Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith is such foreckuure pruceedingc
<br />If there is any rltange N ownership of the real estate mortgaged herein, by sale uc otherwise, then the entire remaining indebtedness hereby
<br />xcwed shag, at the option of The Equitable Building and Lwn Assa'iation of Grand island, Nebraska, became immediately due sad payable without
<br />further notice, and the amount remaining due under said bond, and any outer bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the ntaxintum legal rate, cad this cmxtgage miy then be foreclosed to satisfy the amount due on said
<br />6ond,artd any other bond for additional advances, together withal! sutra paid by said The F.quiubk Budding and Loan Association of Grand Island,
<br />Nebraska for insurance, taxi and assessments, and abstracting extension cturges• with interest thereon, from date of payment at the mautnum
<br />legit rate.
<br />As provided in the Bond secured 6ercby, while this mortgage remains in effect the martgagce may hereafter advance additional sums to the
<br />makers of said Bond, their asugtts or stt.;cessors in interest, which sums shall be within the security of this mortgage the same as the funds origiaaltY
<br />secured thereby, that amount of principal debt Hat to excced at any time tbe original amount of this mortgage.
<br />-, DaJ~f~ tttis~ ~-~ rd day' FP.kirUdL77 A. D., 14 83
<br />~s L. Kraft's G'
<br />57'ATE OF Ti&BItASKA, ~ sa. On this 23rd day of Februazy 14 $3 ,before toe,
<br />L'O1Ut~i7'1f OF IIAIS.
<br />' the undersigned, a Notary Public in and for acid l:ormty, personally tame
<br />~vird,R. Kraft and Barbara L. Kraft, each in tus aril her awn right 3 ~s~o~~yw
<br />rm io ba the idootkal person s wheae asma s axt?. aiTixed to the abrare inserwnem as mortgagors and they xvetaBy
<br />ukmtaiadgad the said tttarwnaatt in be tht3ir wltmtary aM amt dced, ~°"
<br />YYI71~iESS ttty ~ Nrnuial Seal thte date atotesaid., / ~ ,~
<br />! I~ .~ ~+f~Y~~`"!r.~'.tr.1~ _~_ ~--''~~.~t.CPublic~._.
<br />w ~~~wp,~,t111 'ry
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