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<br />MORTGAGE 84- . 003430
<br />MORTGAGE WAN NO, L 24;219 AM[;
<br />KNOWAl.LMEN BYTIlESE PRESENTS: That Douglas E. Lanfear and MaryA. Lanfear, each in. his and
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<br />Lots One (l) and Three (3), and too cc:trp1em:=nt to wt One (1),
<br />being one-half of the vacated Prospect Street, all in Block-
<br />Sixteen (16), in University Place, an ADdition to the City of
<br />Grand Island, Hall County, Nebraska.
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<br />her own right and as sJ.Xluse of each other, Mortgagor,whetheroneormore,in~~thesum'<Jf.
<br />~nty Seven 'J'flO'lS'ilnrJ ~ll'"> HmylrPil Flm nn!l.ilil===--=------- . .. fJl}I.1.ARS'
<br />loaned 10 said mortgagor by The Equi.able Building and 1~)3f' Associalion or Grand Island, Nebratka, Mortgagee, upon 272 . slwesofltockof:
<br />said ASSOCIATION. Cert.il]cale 1'0_ L 24,219 . do hereby grant, convey and mortgage unto the said ASSOCrATIONtliefol1owiDgi
<br />described real estate. situated in Ball County, Nebraska:
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<br />together with ail the tenements_ hereditamc!!ts and ap-pUnen3I':.t'cs thereunto belonging, :including attached Ooor cowrings, all, window-scteens;
<br />window shades, hlinds, storm wmd(Jws, awnmgs, heilli.ng, air Gonditionmg, imd plumbing and water equipment and accessories thereto; pu~stove57
<br />refrigerators. and other fixtures and l..'>:!flUp.nem now Of here-dfter attached to or used in conocciion with said real estate.
<br />And whereas the said mortgagor h~s olgrt'co ~nd does hereby :J.gree that the mortf..agor shall and will pay all taxes and assessments levied>or
<br />assessed upon said premises a.nd U}.-~Jfl this m,Jnga~c ami the bond secured thereby before the same shall become delinquent; to furnish-apiuovOO.
<br />insuraOl.-e upon the buildings on s,;ud premises $lfualed lH ,he- ;;Ilm of S 27,200 .00 payable to said ASSOCIATION and- to delivtr -to said
<br />ASSOCIATION the policies fOl f.ttJd HlSlJmn..:t;:~ ;md not 10 commit ~)r permii any waste on Of ~bout said premises;
<br />In case of default in !he perforr!1.1.nct~ ,}f Jny (if the ierms anti condihons of this mortgage Of the bond sc(''Ufed hereby,-the mortgagee-shall~
<br />on demand, be entitled to Hnrncdiate _ru:sscssioll oi lhc ff!_ungagcti premises and the mortgagor hereby assigns.- transfers and sets over_ to, the
<br />mortgagee all the reOIS, revenues anti ll'H.:ome, H_' be denv~o from the mnngaged premises during such time as LlJe mortgage indebtedness shall remain
<br />unpaid: and ihe mortgag.ee shaH have the pOWt~1 to appoint any Jgcnl or agents it may desire for the purpose of repairing said _premises and. renting
<br />the same amI coUecling. the rents, revenues lInd income-. :.wtl it 'nay payout of ~.aid income aU expenses of repairing said premises and necessary
<br />commissions anu ~xpensc'i irlt:mrt'o In: rcnting, ;md !1laJmging the qme .and of c-oilecting rentals therefrom: the balance remaining. if any, to be
<br />applied towan.l ihe- ;jjst.:harge of ,\aId nIDi [ga.~e indebH,tine~'S~ ihl'~ fi~hL'); uf the rnO!i.~3gl.-:e may be exercised al any time during thO existence of such
<br />default. iucspectJ'\"c of ~lliy fcmlxnary W.aWCf of !he same
<br />These Pre~nts, huWt':\'C!, -::iT!..': llp011 the ('unuitiLlH, Th;.tt if th!.'" ~id Mortgagor t;h~-tH n~pay <>aid Joan on or before [he maturity of said shares by
<br />paymenl: pay munlhly to ,>aid -\SS:'"X'IATlON l)i lh~ ~,um ~pe-Gl{jed mIlle Bom! SC;,;llfed hereby as interest and principal on said loan, on or before
<br />the Twentieth day of eat;h ami {'\'.:ry month, rmtl! sall,! hill h fully paid; pay nil taxes and ass.e~,mlents levied against said premises and on this Mortgage
<br />and the Bond set.~l.Ired tt;eH~by, h.::fmr: ddi'/l(-lUCH;..Y~ fUlHlSh applOvt:d irusi.U3UCC Hpun the buddings thereon in the sum ofS 27,200.00 payable
<br />to said ASSOCIATiON: repay ~o ,.;aid .\SSOCIA nON j).potl demand JH PlUmy bv it p~id for such taxes, assessments and inswance with interest at
<br />the maximum legal ralt: thcleur. ((l.lHI dale df ~j,J.)' Bleat an of wInch MO~tg3gor hen.'by 1iI!,H;--.,;~ W pay; pennj[ no waste on said premises; keep and comply
<br />with a.ll {h~ ,_\gree.nl<.~nt~ :l1ldClH1Jitl{)f!S_ \.If ~he lkmd for 527 J 200.00 Ihis day gl'ven by the said Mortgagor to said ASSOCIATION. and comply
<br />with aU lh~ reqUirements ,.,\ 1 h.; Con:'tiltUHon ;l1lJ By "L~ws of $-Jld ASS(x~lA TiON; then these pre~nts shall become null and void, otherwise they
<br />shaH remain in fuU rOjC~ :.Hld may b.:: !~l{.;:do~d :-n the upllOit of tile :;aid ASSOCIATION after failure for three months to make any of said
<br />paymenls or be thrc(: munlh~ m line-an, 1I1 Hldking :>aId mumhly Pii)'!Ud\t$, ~H to keep <l1ul comply with the agreements and conditions of said Bond;
<br />and Mortgagor agll:es 1.0 h.w....;-i h:Co;'l'li,"r Jppom1.t'\l forlhwicth 1fi '>udl foreclosure plOceedings.
<br />If lhere is ~Uly ..:hange m ownership H~ t.he ti::al c~l1jit' fHongagcd herein. by sale or olhefWlse. then the enlire remaining indebtedness hereby
<br />secured shall, at :ne uption of The Equ~tabk-, Building anti Luan Asst.'-Ci:i!tion of C,and !sland, Nebraska. become Ur-.Inedialely due &.~ payable \\itr.out
<br />further notice, and u~ amount rl~malmf'l~ due .Hllkl said hond> awl any olhel bond for any additional advances made thereunder. shall, from the
<br />date of exercise of said option, b..:-.ar !fIkk~1. ~ti the maXHTlUm legal rate, and {'his. mortgage may then be foreclosed to satisfy the amount due on said
<br />bond.and any other bond for additiol\i.ll 1<..,;gt'!he, with aU sums paid by said The E(~uilable Building and loan Association of Grand Island,
<br />Nebr~ fOf insuranc~. tOixes ,;no ;l:DSlra..:ling t'XI-eIlSIOIl ,,-~hmgcs, with ml.l:U:.$.l rhereon. from date of r~ayn)ent at the maximum
<br />legal rale.
<br />As pWVldeJ in the Bonu ~.;c,:Uf~'J \'-1ul-c IfllS lnllng.age lCmain1. in erred [,he mortgagt:c may hereafter adV".ullX additional sums to the
<br />makcn; of said BonJ, eh'.:!! J:ic.ign:i. ;\; XU..:'..:t.:;.:,(l;S 11lt-ei':Sl, .-\'hi-eh sums. shall t>--..: w'ithin the Sl.;;,;\I-;jiY of this nwrtgagc the same 3S the funds originally
<br />scc:;ureu thereby. the total dmount '-'I prinl.'lpa.l.!~bl !lljI to <.,';;.cced;1( :my nmc the llJiginai amounl 01 {Ius mortgage.
<br />.,.---)[)ated this ~7th " ja] <,'( Jlme A, f)., 1 ~ 84
<br />(C i. ..), jjJ f' :
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<br />Pk~ 1( ~" / / ,~~,--,.
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<br />STATE 01' NEIlRASKA, ( "'.
<br />COUNTY OF HALL \
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<br />Of! ~ht,., 27th
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<br />Jay of
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<br />~JLU1e
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<br />I\) 84 ,befoJe me.
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<br />the tl_udenng.i:H>J, J S0t.:VY j}uhhc in :md fm :uud COUlIty, pcr~naHy a.tne
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<br />Douglas E. Lanfear and Mary A. Lanfear, each in his and her C'Wll r~t ~ as ~MdlYkll'J;".,f1ach
<br />o~r,
<br />me to be tht: idt'-flUI;3.1 pt;f5nn S Whd'-,t: nJn~...: S are Ifhx:;'d li.,' ihe ..bvvl: n;:;twH)L'Ol ,\~ ;~;"-Hr.~,HS ;mtl they .'>CvuaJJ)'
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<br />a4:kni)wkdgcd 1'he ,'><lui iH$I.HlIni.:nt fL' b<:: tiv2ix" 'iuhvHUy -:clef ;:1IiG dCi:t:
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<br />My C~}-m:mf:o.,>i1m ,",'pito:-,. /:t~. Ll... iU-.3
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