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<br />MORTGAGE LOAN NO. L 23,$83
<br />'AU.-~+~'rti>~E~~~ "~ Kevin G. Pfeifer anc Cin6y K. Pfeifer, each itt his arfc
<br />her aa7n right and as sparse of each other, rr..ttemeroee,rtmre.i,mor~eearbodfLe.~tad
<br />tinrt~ .•~--._--~' and No/100-------_
<br />basted to acid tnwtgspt by The Fgrduble Bm7dwt6 sad I.aaa A9oeittiosi d Grand isbmd, Nebraska, ilortptse. ttpoa 400 shsia~ delete d
<br />acid A~UCIAT7ON, CertifiWe No. L 23 3 . do ~y ~. u'~Y >nd aonrtplF ttato the saM AS4OCIA7'lON tae faltesiYs
<br />darlabM real eatate, sitttted a FIaH Coue(y, Fkbraaka:
<br />fvt One (1), in Black Three (3) of
<br />Park Place addition to the City of Grand Zslanc,
<br />Fall Caulty, Nebraska.
<br />together with all the unementa, hereditaments and appurtcnanrxa theroun[o belonging, inclisding attadacd floor covervys,.all windasv sQeens,
<br />window shades, blinds, storm windows, awnings, heatbig, air conditioning, and plumbing and water egitipmen[ and acceazoriet tltereto,putrips, staves,
<br />refrigerators, and other fixtures and equiptrient now or hereafter attached to or used in connection with said rca! enure.
<br />And whereas the said rrwrtgagor has agreed and does hereby agree that the mortgagor shag and will pay aB [axes and assessments levied or
<br />auessed upon said premixs std upon [his mortgage and the bond secured thereby before the same shalt become delinquent; to famish approved
<br />insurance upon the buildings un said premises situated in the sum of S 40.000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and notto commit or permit any waste on or about said premises:
<br />In ase ut default in the perfmmanx of any uF the terms and conditions of this mortgage or the bond secured hereby, the mortgsgce shall,
<br />on demand, be entitled to immediate possession of the morigaged premises and the mortgagor hereby assigns, transfers and sets aver [o [he
<br />mortgegee all the rents, revenues and income to 1>e derived from the riu7rigaged premises during such time as the mortgage indebtedness dull rettiain
<br />unpaid; and the mortgagee shall have [he power to appoint any agrn[ a agents it may desire for [he purpose of repaitirtg said pretttittz grid renting
<br />the satrrs and mBecting the rents, resamuxa and irrcome, and it may pay nut of said L~wme alt expenses of repairing said pretises and necessary
<br />cotmnissiuns and expanses ineiurad in renting and managing the same and of collecting rentak therefrom; the balance renuining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness: these rights of the mortgagce may be exercised ai soy tirtx during the existence of such
<br />dsfastlt, irtespactive of any temporary waiver of the saute.
<br />These Ptasente, Miwevcr, are upon the Condition, That iE the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />paytixnt: pay monthly to said ASSOCIATION of the sum specified in the ifond sa~•uted hereby as interest and priacipaE on said lean, on or before
<br />the Twentieth day of each and every month, until said loan is laity paid; pay alt taus and assessments levied against said prerrsises and on this Mortgage
<br />aruE the Band szcurad thereby, before aeiitiquency: furnish approved insurance uprm tare buildings thereon in the soar of S 40, 000.00 payabk
<br />m said ASSOClATIO!ti; repay w said ASSOCIATION upon demand aR money by it paid fcr such axes, assessments and insurasica with interest at
<br />[ht eneximum kgai rate thereon from date of paymem all of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />with aB tip agseenieats and conditions of the Bond for S 40, 000.00 this day given by tht said Mortgagor to said ASSOCIATION, and comply
<br />with aB the requirements oC the Constitution and By-laws of said ASSOCIATION: then thane presents shall become nuB and void, otherwise they
<br />shall remain in fuB force and may be foreclosed at the option of the said ASSOCIATION after Failure for three months to [Hake any of said
<br />paytaents or be [hrce nwn[hs in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgago[ agrees to have a receiver appointed forthwith N such foreclosure proceeding[.
<br />If there rc any change in owrctship of the real estate mortgaged herein, by sale or otherwise, then the entire certiairiitig itidebtedruss hereby
<br />secured slug, at tike option of The Fquiuble Building and Loan Association of Grand Is1and,Nebtaska,bccome immediately dice and payable without
<br />fttrtttn notice, need the attawnt retoaitting dtu tinder said bond, and any other bond for any addttiotul advances made therewider, shall, from the
<br />date of exercise of zatd aptitxi, 6w interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount dm on said
<br />bond, and any other bond fa aulditiotial advances, together with all sortie paid by said The Equiubk Buildwg and Loan Association of Grand Nand,
<br />irkbraaka fa insurance, taxes and assezutientz, and abstracting exterizion charges, with inureu thereon, from dau of peymeat at the nuximum
<br />y.. RIL_
<br />As pl'ovided in tlr fkgd seared heuby, while this mortgage remains in effect the mortgagee may hatafter advance additional sums to the
<br />vedters u sod Goad, Ctieu atzigeia or successors in interest, which sums shall be within the security of this mortgage the same as the funds origitiaBy
<br />sKLred tlteeGaty, the uxal amount of prvicipa! deb[ not to exceed at any Circe the utigutai amnum of this mortgage.
<br />6atad - day r>i 02CHtIbF=r A. D., 19 80
<br />p~e>.* )
<br />iker~~ - _t / ~ --
<br />Cin::y K. feifer
<br />STATE OF NEBRASKA. ~ ss. pa this 16th dap of Deoas'd7er [980 .before tin,
<br />COS7NTY OF HALL
<br />the undersigned, a Notary Pobijc and for said Court rzonall
<br />Xevin u. Pfeifer and Cindy K. Pfeifer, each in his atxi her own nq~it arfc? as spe o yea`~c 1
<br />r,rlwr whc arm- pcrsoriaBy known [o
<br />rpe to he the identinl person 5 wlime Hanle g ~e affixed to the abuvs inWSiprent atsitwrtgagur , __ _ and they severally
<br />sdtaowledged the said irtztrtumnt to be Ghel.r ,rofuntary act and dud.
<br />R'1TNk55 my hand and Notarul 5sal [fie dau aforesaid.
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