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<br />)iORTGAGE
<br />MORTGAGE AA_N NO. LL3, 7$`~
<br />JINOWALLMENBYTHESEPR~SENTS:That Regency Construction, Inc., Roger W. Loft, President
<br />Mortgagor, vrhether ate a more, in masdmttion of she sttm of
<br />Forty-Four Thousand Eight Hundred and No/IOD----------------------------------
<br />)rotted to said mortgagor by The Equitable Building and Loan Assoeiation of Grand Islud, Trebruka, Ma ~~~
<br />rtgagee, upon 44$ .,stases of stack of
<br />said ASSOCIATION, Certifipts No. L 23 7$ . do hereby grant. convey and mortgge tmto the saw ASSOCIATION the fo0owsg
<br />described real esute, situated in Hatt Coungl, N~raska:
<br />The NEi of Lot 14, and Lot 15 except the NE 2D feet thereof, in Block 3, SEC~dD
<br />ADDITION TO HOLCOMB'S HIGHWAY HOMES SUBDiVISIOCd to the City of Grand Island, Hall
<br />County, Nebraska, more particularly described as follows:
<br />Ctamnencing at the Southwesterly Corner of said Lot 14; thence Northeasterly along
<br />the Northerly Right of Way of Wyandotte Street for 42.30 feet, to the point of
<br />beginning; thence Northwesterly and para17e1 to the iesterly property line of said
<br />Lot 14 for ll6.i feet to a point on the Northerly property line of said Lot 14;
<br />t-hence ,vpr±heaste*'Ty al:~ g th- Northerly property line of said Lot 14 for 35.7 feet
<br />to the Northeasterly Corner of said Lot 14; thence Northerly along the Westerly
<br />property line of said Lot 15 for 22.1 feet to the ;dorthwesterly Corner of said Lot 15;
<br />t`aence 'dortheasteriy along the 'dortherly praperty lima of said Lot I5 far 55.00 feet
<br />to a point 20 feet 'resterly from the ."lbrtheasterly Corner of said Lot 15; thence
<br />Southeasterly and parallel to the Easterly property Tine of said Lot 15 for I3$.2
<br />feet to a point on the Northerly Right of Way of Wyandotte Street; thence Southwesterly
<br />along the Northerly Right Of Way of lyandotte Street-105.3 feet to the point of beginning.
<br />together with aB the tenements, hereditaments and appurtenances thereunto beiunging, including attached floor coverings, aB window screens,
<br />window shades, btindz, storm windows, awnings, hsating, av conditioning, and plumbing and water equipment and accessories thereto, pumps, roves,
<br />rsfrigera[ors, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />- And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereb before the same shall beconrc delinquent; to f»rnish approved
<br />insurance upon [he buildings on said premises si[uaced-in the sum of 5 44, $DD. ~JD payable to said ASSOCIATION and to deliver Io said
<br />ASS~IATION the policies (or said insurance; and not to mmmit or permit any waste on or about said premises;
<br />In case of default N the performance of any of the terms and wnditions of this mvrtgage or the band secured hereby, Che mortgagee shat,
<br />on demand, be entitled to immediate possession of the mortgaged premises and ?he mortgagor ftemby assigns, transfers and sets over to Ehe
<br />mortgagee alt the rents, rcventus and incssase to be derived from the mortgaged premises du:urg such time as [he martgagz indebtedrtes~c xitall remain
<br />unpaid: and the mortgagee shall have the power to appoint any agent or agents it tray deshe for the purpom oC repairing said premises and renCing
<br />the same and xlleeting the rents, revenues and ina>tte, and it may pay out nC said income all expenses of repairing said premises and necessary
<br />catnmissinns and expenses incurred in rentieg and managing .ne same and of mL'eaing cen!afs therefrom; zhc balance remaiming, i£ any, to 6e
<br />applced toward the discharge of said mortgage indebtedness: these rights of the mortgagee may be cxerasr:~- at any time during the existence o[ such
<br />default, is:ssprctire oFany temporary waiver of the same.
<br />These !'resents, however, are upon the Condition, Tfia[ i£ [he said Moxtgagor sh::il repay said loan on or before Che maturity of said shares by
<br />paytwnr: pay want"„ y Ca said ASSf~'iATION of [he sum specified in the band se_•tu_d hereby as interest and princtpal un raid loan. on or before
<br />the Twen t~th day op each and every rrwndh, wttii said loot, is fully paid; pay all taxes and assesstrtents levied against said premic,s and an this;i3nrigage
<br />and the Bond secured thereby, before delinquency; famish approved insurance upon the buildings thereon in the sum of 544, $DD. OO payable
<br />to said ASSOCIATION: repay to said ASSOCIATION upon demand all rrtoney by i[ paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon Crom date of payment all of which Mortgagor hereby agrees to pay; permit nu waste on said premises: keen and comply
<br />with elf the agreements and conditions of the Bond for S 44 > $DO.OO this day given by the said bfongagor to said ASSOCIATION, and comply
<br />with all the requnernents of the Constitution and By-laws of said ASSOCIA710N; [hen these presents shall bemrne null and void, otherwise they
<br />shall rennin m fail farce and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three months in arrears in rttaking said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith N such foreclosure proceedings.
<br />If there is any change in owtcership o(the real estate mortgaged herein, by sale or otherwise, then the entize remaining indebtedness hereby
<br />secured shag, at the option of The Equitable Building and Loan Association of Grand islattd,Nebraska, become immediately due and payabH without
<br />fttttler notice, and the amount remaining due under said bond, and any other band for any additional advances made theremder, shag, from the
<br />dots of exercise of said option, bear intereai at the rrexi:aum ;<gal rase, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond, atYd any other bond for additional advances, together with xIl sunvs paid by said The Equimble Buading and Loan Association o! Grand Island,
<br />Nebraska For insurance, taxes altd:assessrcents, acrd abstracting extension charges, with interest thereon, from date of payuent at the rttaximmn
<br />legal rate.
<br />As provided in Cite Bond secured hereby, while this mortgage remains in effect the mortgagee tray hereafter advance additional sates to the
<br />makers of said Bond, their assigns ur successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />~ated th;a 1-l th. say or September A.o 19 80
<br />_ jicy ConsLructigi~ inc.
<br />_.R` r Lu t; res-~ nt
<br />STA7EtOFNEBRASICA,~-u. Uathis 11th. day of Septefr~eC Ig $O ,before ,rte
<br />COUNTY 6F HALL
<br />the undersigrud, a Notary Public in and for said County, personally larva
<br />Regency Construction, Inc., Roger W. Loft, President who is personally known to
<br />trx W be the ideatip! ptrson whose name i S affixed to the abovejag[rumznt azmortgagor and he ~
<br />adirtnwkdgcd the add huuumsnt tube voluntary act and deed. ! "-
<br />ri9TNESS my hand and Notarial Seal she date aforesvd _ ~~- r 4' -
<br />My Commission txpires 't _ ~ ~ l *~
<br />tatbzat ><t / r _ / 7/ , ~ ~ f' ~ r- -...-... - .. Notary Public'
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