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<br />79-- Ut,2978
<br />MORTGAGE -
<br />MORTGAGE LOAN NO. L ?~A17
<br />KNOW ALL MEN BY THESE PRESENTS: That Regency Construction, Inc., a Nebraska Corporation,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Nineteen Thousand Two Hundred and Ng1100------------------------------------------ DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Associatian of Grand Island, Nebraska, Mortgagee, upon 192 shares of stock of
<br />said ASSOCIATION, Certificate No. L 23417 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />The Southerly One-half (S=;) of that certain full Lot formed by Fractional Lot Six {6),
<br />in Fractional Block Nineteen {19), in Fairview Park Addition, and Fractional Lot Five
<br />(5), in Fractional Block Twelve {12), in H. G. Clark's Addition, both being Additions
<br />` to the City of Grand Island, Nebraska, more particularly described as follows, to-wit:
<br />Commencing at the Southwesterly Corner of Fractional Lot Six (6), in Fractional Block
<br />Nineteen (19}, in Fairview Park Addition to the City of Grand Island, Nebraska, running
<br />thence Northerly along and upon the Westerly 8ounc+ary line of said Fractional Lot Six
<br />(6), in Fractional Slock Nineteen (19) in ra~rview Park Addition to the City of Grand
<br />Island, Nebraska, for a distance of Sixty-six (66) feet, running thence in an Easterly
<br />direction, parallel with the Northerly Boundary line of Eighth Street in the City of
<br />Grand Island, Nebraska, for a distance of Fifty-two and Eight tenths (52.8) feet,
<br />runnin thence Southerly parallel with the Westerly Boundary Line of Fractional Lot
<br />Six (6~ in Fractional Block Nineteen (19), in Fairview Park Addition to the City of
<br />Grand Island, Nebraska, for a distance of Sixty-six {66) feet, running thence
<br />kesterl parallel with the Northerly Boundary line of fractional Lot Six 6), in
<br />fFr cti nal Block yireteen (i ) in Fairv e P rk Additi t t e 1tt of r nd Is7a d,
<br />Ne~ras~Ca for a distance of ~~#t Two an~~i~~it~~'enths ~~2.~~ ~e~~, t~ the~~$ce, 8~ ~e~aginn
<br />togtthez with al!'the tenements, hereditamknrs and a~punenancrs ereu to orgmg, me dtng a tache t oar coverm a win ow 3br s,
<br />window shacks, blinds, storm windows, awnv~gs, heating, air c-onditioning, and ptumbing and water equipment and a~ttswries thereto, pumps, stoves,
<br />refrigerators, aztd other tizturrs and equipment now ar hereafter attached to or used In connection with said real estate.
<br />And wherzas the said rtrortgagor has agreed and does hereby agree that ahe martgagor shall and will pay alt taxes and assesvnents levied or
<br />asrssrd upon said premises and upon Ltis mortgage and the bond secured thereby before the same shall become delinquent; to furnish appraved
<br />insuran>x upan the buildings on said premises situated in the sum of 519 , 200. C)0 payable to said ASSOCIATION and to deliver to said
<br />ASSCiCIATiON the paLcies far said insurara: and nat io camrnit or permit any waste on ar about said premises:
<br />in case of default in the periorma_ce of any of the terms and conditions of this mangage ur the bond secured hereby, the mortgagee shag,
<br />an demand, be rntitkd io immediate possession of the mortgaged premises and the martgagor hereby assigns, vansfets and sets over to the
<br />mortgagee aA [he rents, revenues and income to be derived fram the rwngaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the ntortgagek shall hale the power to appaint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the sntae and collecting tlx rents, resenues and intxme, and it may pay out of said income aB expenses of repairing said premises and necessary
<br />mmmissi©ns and expenses inctured in reining and managrng *_he same and of cotlecting rentaks aheretrom; the balaniY remaining, 'f; any, to be
<br />applud toward the diskhargr at said mangage indebtedness: these rights of the mongagee ma} be exercised at any time during the existentt of such
<br />default, irzrspcctiwr of an}~ temparar waiter of the ssme.
<br />These Psesrnts, however, are upon the Condizwn, 7F.at if the said Dlongagar shall repay said !can on w befare the maturity of said shares by
<br />payment; pay rrscnthi}' to swid ASSCK'IATIOti of tfie sum spkcitied in the Band secured hereb}~ as interest and principal on said loan, on or before
<br />the Twrntie?h day of each and even- month until card laan is fully paid: pa}• sll taxes xnd assrssmcats lknrd agai.^.st Bard premises and on this Dtortgagr
<br />and tiu Bond se:.arrd thereby. Mork dkiinquke~ti: furr,;sh apprc+.rd ;nsura^~ ;:~.ar, the buy=d~^.,s *.hzreon iq rho eum ei S 19, 20Q. ~~ P$Yable
<br />to sad ASSLSCIATIO\: reps} to said .AiSOC I ATIO\ upon drrnand nit. ttranry by ;t pa;d t~zr suc~`t :axes. asses-ments and insurance with interest si
<br />the maxirntrm k+gal raer thereon t:are; dace of pay srtent a!1 of w'ri.2: Mortgagx herrhs arrres iv pay: pkrrnit na waste nn said premises, keep and Comply
<br />with ai3 the agrremenu and mrditroas ai ttte Bond far 5 19 ,200. ~ tlus da} g:sen tv zhe Bard tilart~gar w said ASSOCIATION, and :amply
<br />witfi all the requirrtrtknis of the Constt•.utior, and B}-Laws of said ASSOCtATIs^.'~. then these presents shall become null and void, otherwve they
<br />shag remain in full forts and may M fnreclased at the aptian tai the s:,ed ASSOCIATIO\ sites failure for three months to make any of said
<br />Iuyarents as bk thrx months m arrears u~t makutg sat.; man[h!} parrrrrr,ts, :::::= keep znd am:ply wnh tttr agreements and rnndiiions of said Bond;
<br />and Mortgagor agrees ro hav a retxtser appamtrd for?hunh st such fxrclosurr p' .a-crdu:gs
<br />!f there n any zhange m awnrrship of the real estate rrrartg:gkd iurcm, b} sale ar atlurx~:sr, then the rntire reinsuring indebtedness hereby
<br />se-ctnrd shall, as the y-uiaa of Tier E.quitsbk Buildir.: and Lies .~k-iatror, of Grazrl lsla*td, Nebraska, beromr irnmr8iatety due and paysbk without
<br />fmtbn notice, aml the amount retnaitrieg dsar under raid twnd, and an} utter bx~nd for any ad&trenal advanxs made ahereurtder, shall, from the
<br />date of cxerdsr of stud aptxn.~ixar irtrrest ar the r^»axtmum Irgai rate. nerd this murtgagk rna} inrn ok fareciasrd to satisfy the amount due on said
<br />bwtd.and aav athkr bond far additioral advances, together utzh all sums paid h} Bard The Equiuble Building and Loan Association of Grand Island,
<br />Nrbrtska for insurance, [arks and assrssrnrnu, and abstracting rxtknsit>n .barges, w.,:t interest >;nercon, trom date of payment at the maximum
<br />egad rate.
<br />As pravrded in the Band xr_:ed hereby, while tlris mortgage remains in effk:-t the mortgagoe may herratter adrance additional Burns to the
<br />makers of said &md, their assigns or sue..-^ssors m attrrka., u ziclt stuns stall hk w;:;,rn the security of this mattgage the same as *he funds ariginaBy
<br />9xured ?beech}, xlre rota: amuuat of principal debt not ra exceed at any time the arrginal amount of ibis mortgage.
<br />Llisiel this lath day of }gay
<br />R Y,I~T OH~I ..
<br />~~~~v t, Pre ent
<br />STATE DF Nf.IBRpSKA, ~ Ort thin
<br />~rY csF
<br />.Roger ii. Loft, President,
<br />of Regency C~rstructiorl, ,~~.:~ ~
<br />tae to Ht tha idrrttita:I petaon ~ aiity`t; .~ 4 ` .; '•.
<br />toed the aid iaarurnmi to be i 5:' "rttaf
<br />~vIT9~lESS my ham SatjfiL~~StR)
<br />-~
<br />My Cotnmissian rspirea .' .~V ~ tom,
<br />at~nsss i `~ '~`' -~~
<br />a. D., !4 79
<br />11th day or May
<br />19 79 , befom rru,
<br />the andrrrigned, a Notary Public in and fat said County, persansBy came
<br />Corporation who 1 S personally krwwn to
<br />to ttx above instrument as mortgagor and he sLrt%ifdllx
<br />tI decd.
<br />r: ..
<br />Notary Public
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