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<br />84-003610
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<br />MORTGAGE
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<br />MORTGAGE WAN NO, L 24.212
<br />KNOW ALL MEN BY mESE PRESENTS: That Charles P. Kaufinan and Elizabeth J. Kaufinan, each in his
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<br />and her own right and as spouse of each other, Mortgagor. whether one or more. in consideration ortho IUID Dr
<br />Thirty Six Thousand and nQLlOO----------------------------------~--------------~ DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska. Mortgagee, upon 360 shar.. of stocIt Of
<br />said ASSOCIATION, Certificate No. L 24,212 . do hereby grant, convey and mortgage unto the said ASSOCIATION the foJlowing
<br />described real estate, situated in Hall County, Nebraska:
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<br />Lot Two (2), in Block One Hundred Twenty One (121),
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<br />in Koenig and Wiebe's Addition to the city of
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<br />Grand Island, Hall County, Nebraska.
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<br />together with all the tenements, hereditaments 3:r1 appurtcJ\ances thereunto belonging, including- attached flatu coverings.- all wiridow screens,
<br />window shades, blinds, storm windows, awnings. he ~.<llg, air conditioning, and plumbing and w~ter equipment and accessories thereto~pumps;stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said rea) estate.
<br />And whereas the said mortgagor h2s agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessinen~.levied"or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approVe.d
<br />insurance upon the buildings on said premises situated in the sum of S 36,000.00 payable to said ASSOCIATION and to deliver' to.: said
<br />ASSOCI A TION [he policies for said insurance: and not w commit or permit any waste on or about said premises;
<br />In casc of default in the vcrfonnance of any of the terms and conditions of this mortgage or the bond secured hereby ~ the mortgagcC :siuill~
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns~ transfers and sets oyer to'.the
<br />mortgagee aU the rents. revenues and income to bi':' derived from the mortgaged premises during such time as the mortgage indebtedness shalliemaiJi
<br />unpaid; and the mortgagee shall have the power to appvint .my agent or agents it may desire for the purpose of repairing said premiSes am1- renting.
<br />the same and collecting the rents. revenues and income. ~md it may payout of said income aU expenses of repairing said premises and necessiu:y
<br />commissions and expenses incuncd in renting ;md managing the same and of collecting reolals therefrom; the balance remaining,if anY"to be
<br />applied toward the discharge of s3id 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 ClJlIdil10n, That if the said MOrlgagor shall repay said Joan on or before the maturity of said shares by
<br />payment: pay monthly to said ASSeKIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, on or befote
<br />the Twentieth day of each .and ewry mon1h. Witll said loan lS fully paid; pay all laxes and assessments levied against said premises andoD this Mortgage
<br />and the Bond se,,:ufcd thereby, hefUf~ Lktinqu.:ncy; fumish approved insuIance Upoll the buildings tllereon in the sum of$ 36,000..00 paya,ble
<br />to said ASSOCIATION; repay to said ASSO:::IATION upon demand aU money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal ralC thereon from uatC' of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises;keep andoomply
<br />with all the agreements and conditions 01 the Bond for S 36,000.00 LItis day given by the said Mortgagor to ,said ASSOClAnO~i and.comply
<br />with ~II the requirements of the Constitution and By-Laws of said ASSOCIATION; then these .presents shall become null and void. .otherwiSe- they
<br />shall remain in fuU force and may be fnledosed at the option of the said ASSOCIATION afler failure for three months to make any of.said'
<br />payments Of be three months in alTcars in making said monthly payments, or to keep and comply with the, agreements and conditions of said Bond;
<br />and Mortgagor agrees to ha\le a receiver appointed forthwith in s.uch foreclosure proceedings.
<br />If there is any changt in ownership of the fcal estate mortgaged herein, by sale or olherwise~ then the entire remaining indebtedness hereby
<br />secured shall, at the option of Tile FquJtabic Building and Loan Assrn:::iatioll of Crand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any ol'her bond for any additional advances made therepnder, shall, from the
<br />date of exercise of said option, beal intercst allhe maximum legaJ rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond, and any other bond for additional advanc~s, together with all sums paid by said The Equiiable Building and Loan Association of Grand Island.
<br />Nebraska for in....urance, (axes and assessments, and abstracting ex.tension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the BonJ secured hereby, while this mortgage Icmains in effect the mortgagt:c may hereafter advance additional SUltU to the
<br />makers of said Bond, their assigns or successors ill mterest, which sums ;)haH be: wilhin the security of this mortgage the same as the funds orJginally
<br />secured thereby, the total amount o-f prim;ipal debt not to exo.;cd at -aHY time th~ urigmal amount of this mortgage.
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<br />Dated this 15th day of June
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<br />-e n D.....' ,r) L/ fj /~.
<br />(.- ~~~ti::\d: -kci~f{i~-"'---
<br />STATE OF NEBRASKA, (
<br />SS.
<br />COUNTY OF fIALL
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<br />A.D..19 84
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<br />On tllb
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<br />15th
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<br />day of
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<br />June
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<br />19 84 . b<fore me.
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<br />L
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<br />Charles P. Kaufman and Elizabeth J. Kaufman,
<br />eac.h other,
<br />me to be the identl(.:aJ penon S
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<br />who;51.: nam-<;' S arc
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<br />the undersignctl, a Notar) Public in and for s.ait.l County. personally came
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<br />each in his and her ow.D..dqht and as sPOl~se qf
<br />J_~.-') W"t. a.n:.>- pe,r:wnaI!y kno'wn to
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<br />:Jffi.x.t;J. tu the above Im;l:~~(i\ent.n n,JOrtgag0r S and they severally
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<br />aclmuwledgtd tt)(:~ !>a~d instrument bc th.eir '.fu!un\;uy .;\c{ and "ked
<br />~1TNE.SS. my bJltd and N\lt3H;t.t Sc:d (hI.'. {Lih~ ,111.)H';;JHI
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