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MORTGAGE, _ _ ___ MORTCACELOANNO. L 23,654 IINOWALI_MENHYTHESEPRESENTS:That Regency Construction, Inc., Roger W. Loft, President Mortgagor, whether one or more=in consideration of the sum of Forty-eight Thousand Eight Hundred and No/100--------------------- -____---__~~A~ batted to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 4$8 shares of stock of said ASSOCIATION, Certificate No. L 23,654 , do hereby grant, wnrey and rrxsrtgaEe unto the said ASSOCIATION the following described real estate, situated in Hall County, Nebraska: LOT SEVEN (7) WESTWOOD PARK SUBDIVISION, HALL COUNTY, NEBRASKA together with aU the tenements, hereditatrrents artd appurtenances thereunto bebnging, including attached floor coverings, all window screens, -. windtsw shades, blinds. stnnn windows, awnings, heating, air conditioning, and piumburg and eater tquiprrrent and accessories thereto,pumps, stones, - -- refrigerators, aad other fixtures and equipment now or hereafter attached to or used in connection with said real estate. And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assess<nen[s levied or - assesssed upon said premises and open Utis mortgage and the bond secured thereby before the saint shall become delinquenk to furnish approved - insuranu upon the buildings on said premises situated in the swn of S 48 ~ $DD , DD payable to said ASSOCIATION and to deliver to said ASSOCIATION the policies for said insurance; and not to wmmi[ or permit airy waste on or about said premises; In tax of default in the performance of any of the terms and wnditions of this mortgage or [!te bond secured hereby, the mortgagee shall, - ..at demand, Ire entitled [o ine[twdiate possession of the mortgaged premises and the mortgagu: hereby assigns, trsnsfers snd sets over to the - nwrtgagee atl the rents, revenues and incot'tu W be derived Crom the mortgaged prentists during such time as the mortgage lndebtedntss shat! remain unpaid; and the mortgagee shall have the power tv appoint any agent or agents it may desire for the purpose of repairing said premises and renting the same and collecting the rents, revtnttes and inwnte, and it may pay out of said income all expenses of repairing said premises and nocessarY comntiusions and expenses incurred in renting and managing the sar»e and of collecting rentals therefrom; the balance remaining, if any, to be applied toward t!u discharge of said mvrtga€n indebtedness; these rights oC the mortgagee may be exercised at any tivw dtuirig the existence of sudt default, irresptctive oC any tnnporary waiver of the same. i-hose Presents, however, are upon the Condition, 11tat if the said Mortgagor shall repay said Inaar. on or before the maturity of said shares by paytnettt: prig rra>nthly to said ASSO('IAT10N of rite sum sper.~itied in the &md se:,ured hereby as interact and principal on said loan, on or before the Twtsttietlr day of cash ;end entry month, until Said icon ti Fully paid; pap all taxes and as~..srrents !ruled against said pretnists and ou this Morfgagt and the $ond stGnred thereby, before de[iaauency: furnish approved insuralice upon the buildings theretsn in test sum r_sf g 4$, ~(), QD payab~ to said ASSOCIATION: repay hr said ASSe~CLATION uptsn deu-xnd at! money by it patd far such texas, assesatneuts and lnstvance with interact at the :naxi:rtum legal rata thereon from date of payr-rct all of wtdr~. Mort~or hereby agrees to pay; perudt uu waste ore said gremi~s;k~p artd ~rtrp~ with aF! t!re agrootrtonts and cxsuditiuns of the !'sand frsr S Qty s $(j()- is tray gluon bg the said Mortgagor to said ASSt~CtAT[ON, and wmp!y - -- -- -- -- with all the requirements of the Constitution and By-laws o"~sard A~ IATtON: thou these presents shat) bawme null and void, othtrwix flay shall rertwin in full force and nay be foreclosed at the optiatn of tht said ASSOCIATION after failure for truce months to ttmke any of said payments or be three months in arrears in making said rrauuhly payments, or to keep and comply with the agretrnents and conditions of said Hand; aad Mortgagor agrees to have a receiver appointed Curtbwith in such forechrsure proceedings. If there is any change in ownership of ttk text estate rrrcrrtgaged herein, by sale or aherwiso, short rho ontim retaining ir~ebtednass hereby secured shall, at the upNon of'The taluitablr Building and Luan Assex lotion of Grand lsland,Nebraska,become immediately dot and payable vvitlwut further notice, aid the aexrunt rornainirtg due under card twnd, and any other bond for any additional advances made themmider, shall, from the date of exercise of sold option, beat hnerest at the maximum legal rate, and this mortgage tray thou bo tbreclused to satisfy the artmunt due ou said bond, and any outer bond f yr additional advaruxs, together with all suttsc paid try said The t:quitabk Building and Loan Association of Grand Isbnd, Nebraska fur insurance, taxes and assesstttcuts, and abstracting extension charges, with interest thereon, from date of payment at the rttaximttm legal rate. As provided in the Hand secured hereby, witilr thts mortgage remains in el7ect the mortgagee stay hereafter ndvance additional stints to the makers ul' said Hund, dreir assigns nr stu;s~ss<n, .n interest, which runts shall be within the security of this mortgage the sartte as rho funds oriy}inaUy secured thereby, the fatal amouru of principal debt n+.t to extxed at any tuna the original amount of this mortgage. t?ated Chia 11th day t?f December A. a.,1v79 Gonstructi40_~~nc.,~_ _____._.._... R r Luft, President STATE or= NEHRAStcA, ~ ~ on thin 11th da of December COUNTY ON BALL y 1919 , before cot, Regency Construction, Enc., ma to be the ident'tw! petsoa whose acknowledged the said instrument to be wTCNIESS my hand artd Nt My Commission expires ta~a:ar at the undersigned, a Notary Public in and for said County, porsut€atly cone President witu personally known to is the abnvt instrwnont es mortgagor and he >[9f'f07t4b' ~~ubiic ~y