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79-f ~J55~9
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 23> 526
<br />KNOB'AL.LMENBYTHESEPR.ESENTS:That Roger W. Loft and Donna R. Loft, each in his and her own
<br />right and as spouse of each other
<br />Mortgagor, whether one or more, b consirkratioo of the stem of
<br />Twenty-four Thousand four hundred and No/100-------------------------------------- !yol.LAes
<br />barred to said mortgagar by The Egrdtabk Building and Lunn Association of Grand Island, Nebraska, Mortgagee, upon 244 shares of riodc of
<br />said ASS0CIA'f7ON, Cert~cate No, L23> 526 , do hereby grant, convey and mortgage unto the said ASSOCIATION t!u folbsring
<br />descn'ba1 real estate, situated in Hall County, Nebraska:
<br />LOT ELEVEN (11) ROSS FIRST SUBDIVISION,
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />tugettu: with all the tenements, hercditaments and appurtenances thereunto bebnging, including attached none rpverirtgs, all window sasses,
<br />window shales, blends, storm windows, awnings, heating, air cronditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or rtxd in wnnecGun with said real estate.
<br />Arui whereas the aid mortgagor has agreed and does hereby agree that the mortgagor shall and will pay aU taxes and assessments kvied or
<br />asstsaed upern said premises and upon this mortgage and the bond secured thereby before the sets shall become delinquent; to fttrnish apptovrd
<br />insurance upon the buildings on aid premises situated-in the sum of S 24>4DD. DD payable to said ASSOCIATION 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 />[n case of default b the perfornuna of any of the terms and conditions of •..kis mortgage or the bond secured hereby, the tmrtgagee shall,
<br />an demand, lie rntitted to immediate p~~~n of the mortgaged premises and flu morgagor bereby assigns, itarLSfets and sets over i° the
<br />mtngagee all the rents, revenues and utwrtx to be derived from the mortgaged premises dining such time as the mortgage indebtednea shah remain
<br />unpaid: seed the ntartgagm shall haul the power to appoint any agent or agents it may desire for the purpose of rcpaisutg said premises and rooting
<br />the cartes and wtkcting rite rents, revenues acrd income, sell it may pay out of said income all expenses of repaving saw premises and neasary•
<br />rxtmmissirms and expenses incurred in renting and managing the carne and of collecting renuls therefrom; the balance rcrtraining, if twy, to be
<br />agp!ud t[award the lischarge of said nrartgagr indebtedness: these rights at the mortgagee tnay be exercised at any base during the exi4ena of such
<br />default, :rrcspetttve at aaY tcrr;pc;rary' watvrr of the satrrr.
<br />Thaw Yrescuts, however, arc upon ells t'onditWn, That if the said Mortgagor shall repay aid Wan vn or Ixfum the mattuiry o€ said shares by
<br />aap.~Rnt; pay rr.°.-.t h'> to °~.id, ~`OC.A T tON rf the ;w~~t sp~-if-rtd in th. B°ad -cured 1>.Frrby as ~.terasi >nd ar- °n s3ad ;<>~r, ao °r fi~efart
<br />Ilu Twentieth day of each and every natnth,until said loan is fuIIY paid; pay alI taxes and assesxaunts 3cs~ed against said premises and °n this Mortgage
<br />and the Bond secured thereby, before dehttyurncy; furnish approved insurance upon the buildings thereon W the sum of S 2$, 4DD. DO PyYabk
<br />to said ASSOCIA7ION: repay to nid ASSOCIATION upon demand all nvrney by it pod for srxir taxes, assesattants and urstsrartee with interest at
<br />the maximum kgat rate thereon from date of payment a!I of which Mortgagor hereby agrees W pay; permit rtrr waste on saA paemixes; keep and comply
<br />with all the agreements and umditions of the Bond fur S 24 QQa, ((j~n(~ this day given by the said Mortgagor W nid ASSOCIATION, and oompty
<br />with all the requirerrxnts of the Constitution and By-Laws orsatd AS~bt'1.ATI0N; then these presents shall become null and void, othetwiae they
<br />shall rennin in full fora and may be furrchraed at the option of the sail ASSOCIATION after failure fur three rrumths fo make any of
<br />paynuuts ur lie three months in arrears rn nuking sa;d monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortppgar agrees to have a reexiver appointed forthwith in such furednsure proceedings.
<br />rr there is any cttazegr in owntrship of the real estate trortgaged herein, by sak or utturwise, then the entire rcrtuirtirtg intkbtadtteu lsercby
<br />aecurr_' shall, at the option of Thx Equitable Building and Wan pssociaton of Grand Is{and,Ncbraska,become unntediately due and pyabk without
<br />fiuliur tmtice, and tin anwunt remaining due under said band, and arty other brtnd for any additional advanat made tlteretmder, shag, from the
<br />date of exertaae of said uplttm, bear intrreri at the maximum legal rate, and this martgate may then be foreclattd to satisfy the aawuat due on said
<br />bond,and any other ttund fur addiliurui advantxs, together with all Bunn paid by said The Equ!tabk Building and Iatut Aarscution of Gruel lsVnd,
<br />Nebraska fw insmanu, taxes mnl amsamenq, and abatractutg extension charger, with interori thereon, from dabs of payrmnt al [ht mutimttm
<br />~1 sate.
<br />As provided in the tkrnd inured hereby, while this mortgage remaitta b effect the rtwrtgagte rosy hereafter advance additiortai sums to the
<br />makers of said Bond, their assigns or succesarra in interest, which autm shalt be within flu security of this mortgage the saute u the finds utiginaBy
<br />secured thereby, the: rata! armrum of prmci}+a! debt met to exceed at any [ittte the anginal amount of this tnartgage.
<br />_~!<htea this ~ 27th. d„y ar August A. n., Is 79
<br />. Lu r
<br />Donna R. Loft
<br />STATE OF NBBI{A.SICA, ~ n. On tltia 27th . day of August 19 Ig , beforo me,
<br />coaN•rr a€= HALL,
<br />the wtdemigtted, a Notary Wbiic in and for said Cooney, petwnaBytatne
<br />Roger W. Loft and Donr~~,R,, tuft _~ach in his and her own right and as spouse of each
<br />other ~'.. who are persottallylcnowato
<br />E., f ~1.,'`~,
<br />me to lie: the klemtinl perwt{S w 5....,BM~-~-~jfixed to the above instrument as taortgagor S and they ~yt~y
<br />adtnowkagad the said inrirttrtrant to 4~iP.~.F' e. ,ro}igftar~; atsd deed.
<br />WITNESS my hertd _ _, ~ _-~n¢tlta datr!st'or
<br />MYCamntisaiaata .:i qtr: _ Sl ~!~r_
<br />k"„ .~~~ ~
<br />toto-zm ar 5r`~ .' ; . `.. • .;~7 --` Notary Public
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