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79-~,~ ~} CI ~ ~" 92
<br />MORTGAGE _
<br />MORTGAGE LOAN NO. L23444
<br />(G'JOWALLM1IENBYTHESEPRESENTS:That Regency Construction, Inc., A Nebraska Corporation,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Fifty Four Thousand and No/100------- -------_ ------------------------------- DOLLARS
<br />loaned to said mortgagor 6}~ The Equitable Bsitding and Loan .Association of Grand Island, Nebraska, Mortgagee, upon 54D shorts of stock of
<br />said ASSOCIATION, Certificate No. L 23444 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County. Nebraska:
<br />LOT THIRTY EIGHT (38), WESTWOOD PARK SUBDIVISION,
<br />HALL COUNTY, ~dEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, a21 window screens,
<br />window shade;, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other t3xtures and equipment now ur hereafter attached r., or used in connection with said real estate.
<br />Ard w~}tereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments leritd 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 on said premises situated in the sum of > 5Q ,DDD, DD payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to rnmmit or permit anv w•asce on nr about said premises:
<br />in case of defauL' in ate performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagce shat],
<br />on demand, be entitled to inunediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee ail tht rents, revenue; and income to be derivzd from thz mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid: and rhr mortgagee shall have the power to appoint any agent ur agents it may desire ter the purpose of repairing said premises and tenting
<br />th- same and collecting the rents, revenues and inrnme, and it may pay out of said income all expenses of repairing said premises and necessary
<br />rnmmissions and expenses iuurred in renting and managing the same and of colizcting rentals thzrefrom: the balance remaining, if any, to be
<br />applied toward the di;dtarge of said mortgage indebtedness: these riehts of the mortgagee may be exercised at any lime Suring the existence of such
<br />default, irrespective of any temporan~ waive; of the same.
<br />These Presents, however, art upon the Condition, TF.at if the said Mortgagor shall repay said loan on or before rite maturity of said shares by
<br />payment pap monthly to said ASSOCLATION o! the sum s~cih'zd in the Bond secured hereby as interest and principal on said loan, on ar before
<br />the Twentinh day of each and rvrn• month, until said loan is tufty paid: pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured Iherzby, before delinquency: furnish approwed insurance upon the buildings ihrrron m the sum of 5 54 ,DQD, QD payable
<br />to said .4SSOCIATiO\; repay to said ASSOCIATION upem demand all mnnev by it paid r'or such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from dart of payment all oI which Sfortgagor hereby agrees to pay: perm=t no waste un said prrrnises: keep and comply
<br />with ail the agreements and amditions of the Bond for S ~j4,QQD DDthis day gi+tn by the said Mortgagor to said ASSOCIATION, and irompiy
<br />with aH the requuemrnts of the Constitution and B}-Laws at said ASSOCIATION: then tlu~ presznts shall become null and void, otherwise they
<br />shall remain in full force and tnay be forecloszd at ehe option of the said ASSOCIATION after (aifurr for three months to make any of said
<br />payments or be three months in arrears in making said monthly payments, nr to keep and comply with the agrermrnts and conditions of said Bond;
<br />and Stongagor aerrrs to have a reserver appointed furthwi[tt in such iorecbwre prosrednigs.
<br />If [here ti any change in ownership of the real estate mortgaged herein, 6y salt or otherwise, then the zntire remaining indebtedness hereby
<br />soured shall, at the option of The Equitable Building and Loan Aswctatiun of f rand island. Nebraska, brume immediately due and payable without
<br />further notice, and rhr amotmt remaining due under said bond, and am' other bond for any additional adw~ancrs made thereunder, shall, from the
<br />date of exrtase of said option, bear interest at the maximum logo! rate. and this mortgage ma} then be foreclosed [o satisty tht amount due on said
<br />bond, and any other bond for additional advances, together with all sums paid 6y said ? he f:.quitabir Building and Loan Association of Grand Island,
<br />Nebraska (or insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from dart of payment at the maximtun
<br />Segal rate.
<br />As provided in rhr $ond secured heceby, while this mortgage remains m e[Tza the mortgagor may hereafter advance additional sums [o the
<br />rmaktrs of said Bond, the'v assigns or successors in interen, which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, rhr total amount of prindpal debt not to exceed at any time the original amount ai this mortgage.
<br />Dated trig 7th da.~ of June ~. fl., to 7g
<br />RE CY CONSTRUCTI N, INC.
<br />~ _~,
<br />r ~ .u ., res
<br />STATE OF NEBRASKA, ~ ~ this 7th day of J Une 19 7 g ,before me,
<br />COi.TN'I'~' OF kL4LL
<br />Roger W. Loft, President, the undersigned, a Notary Public in and for said County, personally came
<br />af. Qegency Construction ` c~,,p,~ ~ aska Corporation who 15 perwnallyicnownto
<br />sae to be the identical person ,~ipa++~ti#tte i<~~~gg,'t.r affixed to the about instrument as mortgagor and he sXXiftM~t
<br />acknowledged rhr said instrumnn p~e.'' {{,, t t€nt act and deed.
<br />1'?ki$ PY
<br />WITNESS my d and ABMii~.~dil!tFir~iate oresaid.
<br />r.. t.X}i-~ is
<br />My Commission ' ~, `_ ; 1 ..: ~. J ~ ~; /~ ~ _!__
<br />2. 'G--
<br />~j~~' ~,l Notary Public
<br />a ;-sta at ~'. -
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