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<br />MORTGAGE
<br />MORTGAGE LOAN 1v0. L 23393
<br />IcNOw ALL MEN BY THESE PRESENTS: That Kevin G. Pfeifer and Cindy K. Pfeifer, each i n his and
<br />her own right and as spouse of each other
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Twelve Thousand Four Hundred Dollars and No/100------------------------ - DOLLARS
<br />la~rned to said mortgagor by The Equitable Building and Lawn Association of Grand Island, Nebraska, MoRgagee, upon 12r} shares of stotic of
<br />said ASSOCIATION, Certificate No. L 23393 , do hereby grant, convey and mortgage unto the said ASSOCIATION the foLbwing
<br />described real estate, situaced in Hall County, Nebraska:
<br />LOT FIVE (5) BLOCK THIRTEEN (13) GILBERT'S ADDITION
<br />TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditamen[s 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, stoves,
<br />refrigerators, and other fixtures and equipmem 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 aU 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 en said premises situated in the sum of S 12,400, DD payable to said ASSv^%iATIOi+i 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 ar the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession cf the mortgaged premises and the mortgagor hereby assigns, transfers and seu over to the
<br />mortgagee ail the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shalt retrain
<br />unpaid; and the mortgagee shalt have the power to appoint any agent ar agents it may desire for the purpose of repairing said premises and renting
<br />the saute and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance rttnaining, 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, inespectsve of any tempararv waiver of the same.
<br />These Presents, however, are upon the Canditian, That if the said Mortgagor shall repay said loan on or before the ma[wity of said shares 6y
<br />payrnenr, pay mont;Sy 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, unfit said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, hefare delinquency; furnish approved insurance upon the buildings thereon in the sum of $ 12 , ~Di~, DO payablt
<br />to ~tid ASSOCIATION; repay- to said ASSOCIATION upon demand all money by it paid for such taxis, 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 na waste en said premises keep acrd xrmply
<br />with all the agreements and conditions of the Bond for 5 12,40D, DD this day given by the said Mortgagor [a said .~SOCIATION, 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 />sfiall remain in full force and may be forecloxd at the option of the said ASSOCL4TION after failure for three months to make any of said
<br />payments or be throe months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Band;
<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 salt or otherwise, then the ensue remaining indebtedness hereby
<br />secured shall, at the option of Tht Equitabte Building and Loan Association of Grand Island, Nebraska,becorrte immediately dot and payabk without
<br />further notice, and the amount remaining dot under said bond, and any other band for any additional advances made thereunder, shag, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage rosy then be foreclosed to satisfy the atneunt due on said
<br />bond, and any other bond for additional advances, 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 daft of paytrxnt at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect [he mortgagee may hereafter advance additional stuns to the
<br />makers of said Bond, their assigns or succeswrs in interest, which sums shall be within the security of this mortgage the wme as the funds originally
<br />secured thereby, the total amount of principal debt not to txceed at any time the original amount of this mortgage.
<br />fed this 11th dey of Apri 1 A. D., 19 79
<br />~ r .
<br />i
<br />n y R.,t a ferj
<br />STATE OF ~~~~'' } ss on this 11th day of Apri 1 19 79 ,before me,
<br />COUNTY OF HALL f
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Kevisl. G. Pfeifer and Cindy K. ?feifer, each in his and her own ri ht and as s~ous~ of
<br />roach -other ~'hO are ~~ Yknownta
<br />rrte to be the ititntiea! per~r6 whose name$ dY'e affixedYo the above instrument ss mortgago6 and they severally
<br />acknawkdged the said itsatrutncrtt to be their voluntary act and deed.
<br />t;9TNESS my hand and Notarial meal the date aforesaid. I ,,
<br />/ n elCOtres - `~~ - ~ '
<br />blocs as `~ .tL r` 9 s ,~.~~. ~ ~ - ~ % ! Notary
<br />hty Comm. t~,~~, a>.a..; '~Sl L..~/ 'f
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