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<br />MORTGAGE
<br />MORTGAGE LOAN No. L 23 , b66
<br />la+low ALL MEN sY TtIESE PRESENTS: That John E. Pfeifer and Lois A. Pfeifer, each i n his and her
<br />own right, and as spouse of each other
<br />Mortgagor, whether one or more, in oanaidera[ian of the stem of
<br />Fifty Thousand Four Hundred and No/i00-------------------------------------------- llOtLARS
<br />Loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 504 shares of stock of
<br />said 4SSOCLATiON, Certificate No. L 23,666 , do hereby giatrt, convey and mortgage unto flit said ASSOCIATION the folbwing
<br />descaibed real tsiate, situated in Ball County, Nebraska:
<br />LOT THIRTY-SIX (36) WESTWOOD PARK SUBDIVISION,
<br />HALL COUNTY, NEBRASKA.
<br />together with al! the tencmcnts, heroditarnsnts and appurtenances thereunto belonging, including attached floor epverings, aft window screens,.
<br />', window shadts, blinds. storm windows, awnings, heating, air conditioning,andptumbing and water equipment and accessories thereto,ptemps,skoves,
<br />refrigerators, and oilier fixtures and equipment tasty ur hereafter attached to or used in cronnec[an with said teat estate.
<br />' And whereas the said mortgagor has agreed and does hereby agree [hat the mortgagor shat: and will pay ail texts and assessments levied or
<br />-', assessed ulwn said premises and upon this mortgage and the bond secured tttereby before the saute shalt bscumt Aelinquent; fu ftunish approved
<br />~'~ ensurana upon the buildings on seed premises situated in the sum of S 50, 400.00 payable to sans ASSiX'IATION and to detivsr to said
<br />AS.SOCIA79ON the policies for said insurance; and not to commit or permit any warts un a about said premises;
<br />In case of default ur the performance of any of the terms and conditions of this mortgage or the bond cured hereby, the mortgages shxli,
<br />on demand, be enhiled to immediate pussessiun of the narigaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee alt the rents, revenues and income to he derived from the mortgaged premiers during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shaft tray the pcTwtr to appoint any agent or agents e[ may desire for the purpose of repairing said prctnises and xentirtg
<br />the rams and collecting the rents, revenues and income, and it may pay out of said income all txpenses of repairing said pretnisss and necessary
<br />commissions and expenses incurred in renting and managing the rams and of cultecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the disc;hargt u€ said mortgage itniebtednrss; tea ,r rights at the rnartgagee may be exercised at arty urns during the sxistsnse of such
<br />default, irrespective of arty temperer waiver of the saint"
<br />~~ 7'htse Prssrnts, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of mid starts by
<br />', payment; fury monthly to said ASSt)('iAT10N of the sum specified in the Bt>nd secured hereby as interest and principal on said loan, on or bsfort
<br />the Twentieth day of tacit and every month, unfit said lean is fatly paid; pay all taxes and assessments levied agxinst said premises and on this Mottgags
<br />and the Sand secured '=hereby, lest€art delinqusnc-y; fttrri:.h approcTC: insurance: upwre ti><• buildings thcrran in the stem of S 5D, 40D. DD payable
<br />'~ to said ASSOCIATION; repay to said ASSOCIATION upon drttusnd all rmmoy by et paid fur such taxes, asstxsrrrents and irtsutanpe with entsrsss at
<br />flit tnatiimum itgal rata therr~n fratn dais .,'' payment ail of svkriclr Mortgagor hereby egrets to pay; Iternur rxr waste on said prtrmists; keep and oompry
<br />with a!I t}es agreements and rnditiuns of the Bond for E 5D 4DQ, DO this day given by the said Mortgagor to mitt ASSOC[ATION, and comply
<br />with aft the requirements of the Cunstituteon and By-Laws oCssaid ASSOCIATION; then these presents stall btcomc ntdl and void, otherwise they
<br />shall retrain in (all force and tray be foreclosed at the option of the said ASSOCIATION after failtur tar these morrlis to tttrtke any of said
<br />payments ur be three months m arrears in making said nturthly payments, of to keep and wmply with the agreements and rnditions of said &md;
<br />and Mortgagor agrees ur have a receiver appointed forthwith in such forechrsure promtdings.
<br />If there is any c}tange in owrrersirip of ttre real estate mortgaged herein, by sale oc otherwise, then the entire remaining irtdebtedrtess hereby
<br />secured shall, at the option of The Equitable Building and Wan Association of C.rand Leland, Nebraska, Ixtutm immediately due and payable without
<br />further notice, and the amount remaining due under saW bond, attd any other bond for any additions! advamxs treads thsrsttnder, shall, from the
<br />date of exercise of said option, bear entere4t at the maximum legal rate, artd Ihes nwrtgage may then bs foreploud to satisfy tlx amount due pat said
<br />bond, and any other k~+rnd for a:iditionai advanets, together with all ratter paid by mid `fhs Fiquitable Building and Lunn Association of Grated tsiard,
<br />Nebraska fur insurance, taxes and assesxn[en[s, and xbatracting extension charges, with interest thert:or, from date of payment at the mxtcimum
<br />Igal raft.
<br />As provided en the Bond srcurtd hereby, while this mortgage retrains in effect the mortgages tray hartaftsr advance additional sums to the
<br />makers of said Bond, their assigns or sucteswrs en interest, which sums shalt be within the security of this mortgage the saute as tits fonds originally
<br />secured thereby, the tatal atmtunt of principal debt not to exceed at any tetnt flit original amount of this mortgage.
<br />0
<br />ed th ~,~ ./ day. f December A. I>.,19 19
<br />~f
<br />- ~., Pfe1f ,
<br />r
<br />-Lois A. Pfeifer u
<br />sTATL+ otr x68I2ASxA, ~ ap [hig 26th day of December 19 79 ,before me,
<br />COUNTY OP tIALL
<br />John E. Pfeifer a
<br />other
<br />tree to be the identical ce ~ ~"
<br />the undersigned, a Notary Public itt and for said County, psrsanffatly ~anhht~
<br />Pfeifer, each in his and her own right~,h~nda~e Sp~r~nalpyknowoto
<br />S are affixed to the above insuurnent as mortgagor S aad they savecaily
<br />vpluntary act and died.
<br />eel' ' the dais: aforesaid. _
<br />`.
<br />,u, A~ Notary Public
<br />acknowledged the said " ~ ~ 6e~~yy++
<br />WI ~{rtyL¢tt~Bl,svro
<br />My Qotnttgssii~iLefc~~~
<br />``'t1~ s B ~ i'
<br />t47&aM al S ~ "
<br />~.~, ` ..
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