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<br />>n~lawA2.[,Mt~lerTxES~prtl:sENTS:That David V. Lofgreen and Lana L. Lofgreen, each in his and
<br />her own right, and as spouse of each ^ther
<br />------Mortgagor, whether one or more, in consideration of the aim of
<br />Eighteen Thousand Nine Hundred and No/100---- __________________________ nou.ARs
<br />loaned to said mortgagor by The Equitable Buildutg and l.uan Association of Errand [stand, Nebraska, Mortgagee, upon 189 shazes of stilt of
<br />said ASSOCIATION, CertiScate Nn. 1. 23 ~27 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, t0e3raska:
<br />LOT TWELVE (12) IN BLOCK r'OUR (4) Itd REPEAT OF RIVERSIDE
<br />ACRES, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA,
<br />Subject to prior mortgage to the mortgagee herein, in the principal amount of Sixty
<br />Thousand Eight Hundred($60,800.00) dated August 12, 1976.
<br />togethr..r with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, alt window scrcens,
<br />window shades, btinds, sform windows, awnings, heating, air wnditioning., and plumbing and water equipment and accessories ehereto,pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or treed in connec[ioa wit}[ said real estate.
<br />And whereas the said rtwrtgagor has agreed and dues hereby agree that the nwrigagor shall and wilt pay all taxes sad assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured Utereby before the same shaft became delinquent; to futvislt approved
<br />irtsurante upon Fhe build;'ngs on said premises situated-in the sum of S 1$, 9DD. DD payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to rpmmit or pennii 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 or the bond secured hereby, the mortgagee shalt,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee alt the rents, revenues and income to be derived from the mortgaged premises during such time as [he mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have [he power to appoint any agent or agenU it may desire (or the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and introme, and it may pay out of said income all expenses of rcpairine said premises and ceassary
<br />commissions and expenses incurred in renting sod managing the same and of collecting rentals therefrom; the balance remaining, if say, 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 />dtfault,urespnetive of any temporary waiver of the same.
<br />These P€esents, t"nlwccer, are open the Condition. That if the said Mtrrtgagor mall repay said loan on or before the maturity of srid shares oy
<br />payment; pay monthly fn said ASSOCIATION of the snm spscifced in the Bond secured bertby as interest and principal on said loan, oa ar before
<br />the 't'wentieth day of each and every month. until said loan is fully paid; pay alt taxes utd assessments levied against said premises and on this Mortgage
<br />and the Bond secured tlicreby, before delinquency: famish approved insurance a fx,n the bttddsngs ihtrton in the sum of S 1$ , 9QQ. {}{j payatrk
<br />to mid Aa£ta lATtO`: repay to ~:id 33Stn'1'iA'iti)N upon demand ail mo.:sg bl it paid fur suer tsxe>. assessments and in~..n~ cattle interest at
<br />fire maximum legal rate thereon irou: date of payment atI u7 winch Mortgagor hereby agrees to pay;oernut no waste on said.`+..~,.t«;kxp.a~mer~rly
<br />with al! the agreements sod conditions of the Bond fur 3 1 ~ .900, ~~ this dsy ¢iven by [ht said 4,~nrigagur to said _~IATft~'+t, t ~
<br />wifh at} the requireti:ents of ttte Canstitutwn and By-Laws of said ASSiX'IATION; thin fhese presents shad become ntrE2 and wvid, otberwix they
<br />sha11 remain in full farce and may be foreclosed at tht option vi the said ASSOCIATION after failure For three months to make any of sett
<br />payments or be three months in arrears in making said monthly payments, or to keep and ~romply with the agreements and conditions of said Bt>m9:
<br />and Mortgagor agrees to have a receiver appointed forthwith itr su.:lt foreclosure prtx:cedir+gs.
<br />if there is any change in ownership of the real estate mcxtgaged herein, by sak or otherwise, then the entire remaining imiebtedrreat hereby
<br />secmed strait, at the option of The l?~uitablr Building and Loan Association of [;rand island,Nebraska,bernme immediately due and psyabk without
<br />further notir~e, and the amount remainrrrg due under said hand, and any other bond for any additional advances made thercwtder, shag, from the
<br />date of exercise of sax[ option, bear interest at the ma7tunum roger rate, an3 this nwrtgage may then be foreclosed to satisfy the attrotmt due on said
<br />bond,and any other bond for additional advances, together with all sums paid by said Tire Equitable Building amt I.aan Association ok't~rartd island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date oC payment at the ttuximtun
<br />kgat rate.
<br />As provided in tht &md secured hereby, whirr this mortgage remains in effect the mortgagce may hereafter advantx additional sums to the
<br />makers of sakd Bernd, ltteir assrgws.u >uaxssors in interest, which sums shall be within rho security of this mortgage tht same as the funds originally
<br />secured thereby, the fatal attxrunt of prirrripal debt ant to ezcxtd at any tierce the irriginai amount of this rm>rtgsge.
<br />,~:da lore ,~16t~yY °f November A. o., l~ 79
<br />~'' /// . y-a~
<br />Lana'L. Lofgre =~'
<br />STATE OE NEBRASKA, ~ ~ On this 16th daY of November l9 79 ,before vx,
<br />COtJId'CY OF HALL
<br />Ute undersigned, a Notary Public in and for said County, personally cams
<br />David V. Lofgreen and Lana L. Lofgreen, each in his and her own ri~~it, and as s~o~yse& of
<br />each other are ~` DO"~'t iO
<br />me to be the identical pet~nS wtune Hearts are affixed to ttw above inatrumsni as mortgagor S and they ssvenBy
<br />adittowkdged the said instrrtment to be their voluntary act aad dad.
<br />WITNCSS my hand and Notarial Seal the date aforesaid.
<br />My E:omntission expi€es f~j~ j r
<br />tarazar nr -_, _ _v _. ~ atay Public
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