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<br />MORTGAGE
<br />MORTGAGE LOAN No. L 23, 753
<br />gaoevau.>dENBrTfsESEPaFSFxrs:That Regency Construction, Inc., Roger W. Luft,Fresident
<br />----- lsmtgsaaa, vvBetlter ooe or mose,m txttou d'tlset~of
<br />Thirty-five Thousand and No1100--------------- ---------------------------tn!iags
<br />ltxumd m said mortga~r by The Equ!tabk Bmldiag amI Loan Amaciatan of Grand !stand, Nebraslta, MortRpgee, upon 350 >6~a of mod[ of
<br />mid ASSOCIATION, Certifitatc No. L 23, 753 , do IterebY grant, convey and mortgage unin the sad ASSOCIATION tffi foBtvwiag
<br />desatbed rea estate, drtated ti Hall Cotmty, Nebraska: -
<br />LOT THREE (3) IN BLOCY. FIVE (5) OF CLAUSSEN
<br />r,OUNTRY VIEW ADDITION TO THE CITY OF GRAND ISLAND
<br />HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditamems and appurtenances thereunto bebnging, including attached noor coverings, eU window sueens,
<br />window shades, bhnds, storm windows, awnlugs, treating, air conditioning, and plumbing and water egttiprrwnt and accessories thereto, pumps, s[ova,
<br />reGigetators, and other f'txiures and equipment now or hereafter attached to or used in rnnnection with said real estate.
<br />And whereas [he sad rtmrigagor has agreed and does hereby agree [list the rrrortgagru shall and wi8 pay all [axes and assessrrxnts levied or
<br />assessed upon sad premises and upon this mortgage and the bond secured ~hercby before the same shall become deliagtun[: [o furnish approved
<br />insurance upon the buildings on said premises situated in the sum o(S 35 , QOO. OO payabk to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies For said insurance; and no[ to wmtnit or permit any waste on or about said premises;
<br />In case of default in the performance of any of the terms and canctitions of this mortgage or the bond secured hereby, the mortgagee shah,
<br />on demsrrd, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and inwrrre to be derived from the nmrtgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaiJ: and tits mortgagee shah have the power to appoint any agent or agents ii may desire tar the purpose of repairing said premises and renting
<br />the sarsx and eolkcting the rents, revenues acrd inrnme, and it rrray pay nut of said income alt expettszs ut repairing said premissa and necesmry
<br />pmsn!sians and expenses incurred in ren[mg and mar_gittg the sattte and uC wlketing rsntals therefrom; Lhz 6alartce rzntau_ing, if any, to ba
<br />applkJ [award the discharge of said mortgage indebtedness; these rights oC the mortgagee may he exercised at any tune during the exix:cnce of such
<br />defatdt, irsespzcthe of any temporary wailer of the same.
<br />Thex Prexnts, hnwzvzr, are upon the C'nnditian, "fhat of the sai4 Mortgagor Dial! repay said lain an or before the maxmity of said shares by
<br />paytcent; pay mon[fily to said ASSOCIATION of the sum specified in the [!onJ secure) hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, until said lawn k Cully pad; pay cell taxes and assessments levied against said premises andan this Mortgage
<br />and the Bond scored theroby, before debnyuency; furnish approved insurance upon the buildings thereon m the sum of 5 35 , OOO. OO payable
<br />to mid ASSOCIATION; repay to mid ASSOCIATION upon demand all money by it paid for such taxes, 2ssessmen[s and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit nu waste un mid premises; keep and comply
<br />with all the agrcentenis and conditions of the Bond fur 3 35 , OOO.OOthu day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with a6 the requvements oC the Constitution and By-Laws of sad ASSOCIATION; then [hex presents shall become null and void, otherwix [hsy
<br />dta11 remain in full force and rrwy be forecioxd at the option of the said ASSOCIATION after failurt for throe months to make any of said
<br />payments or 6e three montlts in azrears N nuking said monthly payments, or to keep and comply with the agrcercents and conditions of said Bond;
<br />acrd Mortgagor agrees to have a rerxiver appointed forihwtth in sudi Corcclasme proceeduigs.
<br />It there is any clurtgz in ownership of the real Holz mortgaged herein, by sale or otherwise, [hen the entire remairdng indebtedness hereby
<br />secured shah, at the option of Tba Fquilab!c Building and 1-oaa A~ia[!on of Grand Islsnd,!Yebsatka, bemrne immediately due and payable wilhnut
<br />further notice, and the amount remaining due under sad bond, and any other bond for any addiliorul advances rrmde thereundeq shah, from the
<br />date of exerciu of said option, bear interest at Ihz maximum legal rate, and this mortgage may then 6e foreclosed [o musty the amotmt due on said
<br />bond, and any other bond for additional advanrxs, together with all scans paid by said The F.yuitabk BtWdiog and Loan Association of Grand Island,
<br />Netmska for insurance, taxes and asxssrnents, and abstracting extension o rfrarges, with interest thereon, from date of payrnen[ at [he maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, whde this mortgage reroains in effect the mortgagee rmy hereafter advance additional sums to [he
<br />mWcers of said Bond, then assigns or succemors ut interest, which sutras shall be within the security of this mortgage the carne as the funds originally
<br />secured therehy, the total armtunt of principa debt Hat to exceed at any time the original amount of this mortgage.
<br />gated this 13th. day of August A. v., !v 80
<br />RE CONSTRUCTIO INC.
<br />og Loft, Pres dert
<br />STAT£ OF NBHRASKA, ss On this 13th . day of August 19 BO , before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, permrsully came
<br />Regency Construction, Inc., Roger W. Loft, President
<br />who i 5 perwrrany known [o
<br />the to be the identical person whoa name I S af£txzd to the above imtrymencgs mortgagor and he ~4JiiSaYBy
<br />adcnowlzdged the said !natrurrlent to be h 15 voiwtary au[ and deed.
<br />WITNESS my hand and Notariat Seal the date at'oresad. 1 ~~";.f; /rl
<br />My Comnrissian cxpirts f ~ :.-- `~
<br />l ~ "aft' ~~~ _~ _= __ ~' _ -" ~+~<^-'`_,i
<br />--- Notary Pub!k
<br />~n:
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