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<br />MORTGAGE
<br />k`a MORTGAGE LOAN NO. L 23,193
<br />KNOW ALL i~N BY THESE PRESENTS: That David V. Lofgreen and Lana L. Lofgreen, his wife; l
<br />Matthew E. Shr,;ttsey and Kathleen L. Shonsey, his wife; William J, Thianafuf and
<br />Cynthia A. Thi'~ttartrt, his wile;
<br />Mortgagor, whether one or more, in comidention of the sttm of
<br />~ ffitru3rerl Ttaertt~ five Thousand and No/100 --- DO1-I-A~
<br />ksartal to said mortgagor by The Equitable Budding and l.oaa Association of Cnnd Island, Nebraska, Mortgagee, upon 1, 250 shares of stack of
<br />said ASSOCIATION, Certifiote No. L 23, 993 , do hereby gent, convey and tmetga¢ unto the aid ASSOCIATION the foBowiog
<br />desrnTral real esnk, situatal b Hall County, Nebraska:
<br />Lots Three (3) and Four (4) in Dickey Sixth Subdivision in the
<br />City of Grand Island, Hall County, Nebraska.
<br />together with all the tenements, hercditaments and appurtenances thereunto belonging, including attached f[aor wverings, all window screen,
<br />window shades, blinds, storm windows, awnings, heathtg, air mnditiorting,and plumbing and water equipment and acceaories thereto, pumps,stores,
<br />refrigerators, and other futures and equipment crow or hereafter attached to or used m connection with said real estate.
<br />And whereas the said mortgagor hu agreed and dues hereby agree that the mortgagor shall and will pay all axes and aue~ents levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become deEaquent; to fttrnislt apprmed
<br />insurance upon the buildings on said premises situstal in the sum of 5125, 000.00 payable to said ASSOCIATION and to deliver to acid
<br />ASSOCIATION the poHcks for said insurance; and not to commit or permit any waste on or about said premises;
<br />In case of defaut in the performance of any of the terms and conditions of this mortgage or the bond secured Hereby, the tmttpgee shag,
<br />on demwd, be entitled to immed'nte posse>aon of the morgagal premises and the mortgagor hereby assigns, [raasfen stud sets over to the
<br />rttortgagce all the rents, revenues and income to be derived from the mortgaged premises during such time as the tmrtgage indebtedaw shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpom of repaitiag said premises attd reatiag
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repaving said preroiaes acrd nepsa[y
<br />commissions and expenses incurred m renting and managing the satce and of collecting rentals tHercirom; the babmce remainirg, iF say, !o be
<br />applied toward the dixharge of said mortgage indebtedness; these rights of the mortgagee may be exerdaed at any brae doting the existence of such
<br />default, irtespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the aid Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to aid ASSOCIATION of the sum specified in the Bond secured hereby as interest and p[indpal on said loan, on or before
<br />the Twentleth day oC each and every north, until said loan is fully paid; pay all taxes and assessments levied against said prcntires and on thb Mortgage
<br />and.the Bernd secured thereby, before delinquency; furrtish approval insurance upon the buildings thereon N this ntrtt of S 125, 000.00 payabb
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money 6y it paid for such taxes, assesstnenta and insurance with iakrat at
<br />the maximum Igal rate thereon from date of payment all oC which Mortgagor hereby agrces to pay;permit rm waste on said premisea;keep sad
<br />with all the agrcenu:nts and waditions of tha goad for S 125, 000 pahis day given 6y IHe said Mortgagor to said ASSOCIATICNI, sad comply
<br />with all the requirements of the Constitution and Ry-Laws u ai CATION; then these prexnts sball become null and void, atherwise they
<br />shall remain in full force and may be foredascd at the option of the said ASSOCIATION after failure far three tttoaths to taake say o[ said
<br />payments or be three months b arrears b making ssid monthly payments, or to keep and wmpty with the agrceaseats and conditons of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such forccloaurc protxxdinga.
<br />If there is any change N ownership of the real esUre mortgaged herein, by sale or othervvix, then the entire remainirtg irtdebledaea henby
<br />secured HHall, at the option of The Equitable Building and Loan Association of Craad Island, Nebraska, 6emrm imrrtedialely due sad paytbb vrithout
<br />further notice, and the amount remaining due wader aid bond, and any other bond for any additional advances made thetettttder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage any then be foredosed to al;afy the atrtauat due m said
<br />bond,and any other bond for additiortil advances, together with aB surtts paid by said The Equitable Btdlding aced Loan Aseodatioa of CrtttadlaWtd,
<br />Nebraska for insurance, taxes and asaessntents, and abstracting extension charges, with inlerost thereon, from date of payment at the muimum
<br />legal rate.
<br />As provided in the Bond secured heroby, while this mortgage remains in e[fect the mortgagce may hereafter advance additional aunu to the
<br />makers of aid Band, their assigns ur successors in interest, which sums shall be within the security of this mortgage the saute as the funds originally
<br />encored thereby, the Loral amount of principal dabs nut to exceed al any time tht original amount of this mortgage.
<br />~ th;s 9th , day of Septt~nber ,r A. D., l9 81
<br />SPATE OF NEBRASKA, ~-~
<br />- COONTY OF BALL ss. On this 9th day of Septattber 19 81 , beforo toe, _
<br />tJav1d V. LOi: the undersigned, a Notary Public m sad for aid County, personalty pure
<br />wife: William J. ThiattaluT~and CylTLthia Agre~,~,if~ Ma~ethew E. S2wnseWHand~Kath1~~~1 ey' his
<br />me to be the identical penonS whose ttameg are atfual to the above instrument as morlgago~ and they sevenBy
<br />admowkdgal the said instrument to be their voluntary act and dced. ~ /~
<br />WITNESS my hand and Notarial Seal the date aforesaid. _
<br />My Comrniaaion expires ~ l/.///
<br />Notary Public
<br />1676a1a at NERAL IIOTARY•SOh of fNbrisia
<br />JAMES W. OLSON
<br />My Comm, EsR Rov. 12,1983
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