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' ~'~,,~' EI (:t ~ t7 ~ a~ MGRTGRGE
<br />THISINDF.NTURE made this 25th day of May , 19 79 ,between
<br />Lutheran Homes, Inc, -
<br />organized and existing under the laws of Nebraska , a corporation sad the
<br />United States of .4merica acting by and through the Secretary ojNowirtg and Urban Uevetopment, Mortgogeq
<br />WIT H: That cress the dt rt~ or justly indebted to the Mort} 'n the principal sum of One hli 11'1 On Ni nE
<br />Hundre i g y N~ ne ~ousand seven F~undr~ltarr (x 1 ,989 s, UU • 00 }, evidenced by its note of
<br />even dctt herewith, bearing interest from date op outatandi~g balance at - per centum ($ 1 f$ °.fiJ per
<br />annum toF~ndl EndorSemeiltartdthereafterat 7.625 per centum( 7 5/8 %)perannum,soidprincipal
<br />and interest being payable in imtaltmend as proveded in sail note with a fief maturity of NoV . 1 4 2~ ,which note is
<br />idenlifur as being secured hereby by a certificate thereon. Said note and alt of its terms are incorporated herein by reference
<br />and this conveyance shall secure nny and alt eztensiona thereof, however evidenced.
<br />NOW, THEREFORE, the raid Aortgagor, for the better arcuring of the payment of the said principaf rum of money and
<br />interest and the performance of the covenants and agreeemnta herein contained, doer by there preaenu CONVEY, MORTGAGE,
<br />and WARRANT unto the Mortgagee, successors or assigns, the following-described real estate situate, lying, and being in the
<br />in the County of d ,and the Smte of Nebraska
<br />to wit:
<br />Lot One (1) Dau Subdivision, City of brand ls~and, Hall County, Nebraska.
<br />TOGETHER with oU sad ringubr the tenements, hereditamend and appurtenances thereunto belonging, and the rand,
<br />issues, end proftta thenoj; and aU apparatw and textures of every kind in, or that may be placed in, any building nom or hen-
<br />sfter rtaadirtg on acid land, and also aU the estate, right, title, and interest of the avid Mortgagor in and to seid prcmita:; including
<br />but not limited to aU gas and tlectrie Itrturer; aU radiator, beaten, furnaces, heating equipment, steam and hot-water bot7era,
<br />atoau and ranges; all elewton and melon; alt bathtubs, sinks, tooter closed, baring, pipag, footed, and other plumbing ftztuna;
<br />ebt menteL and cabined; all refrigerating plena and nfrigeraton, whether meehaaimt or otherwise; aU cooking apparatw; aU
<br />furnittut, rhadu, awnings, blinds, and other furnishings; aU of which epparatw, fixtures, and equipment, whether affixed to the
<br />realty or not, shall be considered real estate for the purpose: hereof; and including alt furnithirtga now or hereafter attached to
<br />or wed in and about the building or buildirtgt now erected or hermfter to be erected on the brads herein described which are
<br />necessary to the complete and comfortable uu and occupancy of such building or buildings for the purposes for which they
<br />were or an to be erected, and all renewals or replacements thercojor articles in substitution therefor; together with all bui!'ing
<br />materials sad equipment now or hereafter delivered to acid premises and intended to be imtalled thenin;
<br />TD HAVE AND TO HOLD iha above-described pnmirts, with the appurtenances and fixtures, unto the raid Mortgages,
<br />sacceason and auigns, forever, for the purposes and user herein set forth.
<br />AND SAID A10RTC_ACOR eocereanu and ague,:
<br />1. That it will pay the Mortgage Note at the times and in the manner provided therein;
<br />2. iFtat it wUl not permit or suffer the vat of sany of the property for any purpaae other than the we for which the
<br />some tuna intended at the time this Mortgage tans executed;
<br />3. That the Regulatory Agtaament, executed by the Mortgagor and the Secretary of Nowtng and Urban Devetapmtnt,
<br />urhich is being rcaordad simultarteowly herewith, is incorporated in and mach a part of this Mortgage. Upon default under the
<br />Reguletory Agreement, the Mortgagee, et hisJher options, may declare the whole indebtedneu secured to 6e due and payable;
<br />9. 7bet all rand, profid sad iaeomt from the property covered by tkis Mortgvge art hereby assigned to eke Mortgagee
<br />for the purpose aj di:ohargtng the debt herby ueured. Parmiwioe u herby given to Mortgagor m long m no default ezud
<br />heseuudu, to eaAaet arch rents, prated and income for use in socordenet w~.+h the provisions of the Regulatory Agreement;
<br />5. That sspon defeplt beraunder Mortgagee shall 6e entitled to the appointment of a retainer by any court having
<br />lutlediadran, rtdthout dotice, to ta~'s posmsrian and prateet t8e property described herain and operate sarnt and collect the
<br />rend, prof-ts and itreorne Hterafrom;
<br />r.r. x of a a.as.
<br />t
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