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<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L 22 a 63H
<br /> � KNOWqLLMENBYTHESEPRBSENT'S:That Re9enC,y �OI1StPUCt701i� IC1C., Roger W. Luft� PPES7d2Ilt
<br /> � �. � � � � .� � � � � . � � � � Mortgagor,whether�one or more,in consideration of the sum of
<br /> Farty;eight Thousand and No/100-------------------------------------------------- potLwits
<br /> loaned to said mortgaoor by The Equitable Building and Loan Associution of Grand Island,Nebraska,Mortgagee,upon 4$Q shares of stock of
<br /> � � said ASSOCIATION,�Certificate No.L 22�6$$ ,do he�eby grant, convey and mortgage unto the said ASSOCIATION the following �
<br /> described real estate,situated in Hall County,Nebraska:
<br /> LOT FOUR (4) , IN BLOCK ONE (1) IN PACKER AND
<br /> BARR'S RDDI7'IdN TO TNE CITY OF GRAND ISLAND,
<br /> HALL COUNTY, NEBRASKA, AS SURVEYED, PLATTED
<br /> AND RECORDED.
<br /> tuget6er with al] the tenemen[s,hereditaments and appurtenances thereunto belonging,including attached tloor coverings,all window screens,
<br /> �window shades,blinds,storm wii�dows,�awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves, ,�
<br /> � refrigerators,and other fixtures and equipment nuw or hereafter attached to or used in crmnec[ion with said real estate. � � � � . .
<br /> And wliereas the said mortgagor has agread and does hereby agree that the morxgagor shall and will pay all taxes and assessments levied or� .
<br /> � � assessed upon sxid premis�s and upon this mortgage and the bond secu[e� �'•P�rchy'�efore the same shall become delinquent;to furnish approved
<br /> insurance upon the buildings on said premises situated in the sum of$ [}$,D00.QO payable tu said ASSOCIATION and to deliver to.�said�
<br /> � ASSOC[ATTON the polfcies for said insurance;and not tu cummit oc pennR any wxste on or xbout said piemises . .� .
<br /> [n case of default in ihe�performance of any of the tenns and conditions of this mortgage or the bond secured hereby,the mort$agee shall, �
<br /> .on demand,be entided tc�immediate possession of the mortgaged premises and the mortgabor hereby assigns, [ransfers and sets ovec to ihe .
<br /> y mortgagee alt the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain �
<br /> � unpaid;and[he mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and�renting �..
<br /> the same and collecting the rents,revenues and income,and it may pay oui of said income all expenses of repairing said premises and necessary
<br /> commissions and expenses incurred in renting and managing[he same and of collecting rentals [herefrom; [he balance remaining,if any, [o�be
<br /> � �applied toward the discharge o(said mortgage indebiedness,Uiese rights of the mortgagee may be exercised at.any time during the e�cistence of such �
<br /> default,irrespective of any temporary waiver of the same. � � � �
<br /> � These�Presents,however,are upon the Condition,Thst if the said Mortgagor shall cepay said loan on or before the maturity of said shares by
<br /> . payment;pay monthly to said ASSOClATION of the sum specified in the Qund secured hereby as interest and principal on s3id loan,on orbnFore .
<br /> the Twentieth day of each and every month,until said loan is fully paid;pay all taxes xnd assessinents levied against said premises and vn this Mortgage �
<br /> � and the Bond secured thereby,befoce delinquency;furnish approved insurance upon the buildings thereon in the sum of y 48�00p.0� Payable �
<br /> - � to said ASSOCIATION;repay tu said ASSOCIATIpN upon demand all money by it paid for such taxes,assessments and insuranee with in[arest at
<br /> � the�maximum legat rate thereon from date of payment al!of wluch Mortgagor hereby agrees to pay;permi[no waste on said preinises;keep and comply� � .
<br /> with all tlte agreements and conditions u(the Sond for 5 4B��Oq.�� [his day given by[he said Mortgagor to said ASSOCIATION,and comply . .
<br /> wi[h all the requiremenis of the Constitution and By-Laws of said ASSOCIATION;then these presents shall become null and void,otherwise they .
<br /> � shali rertain in full force and may be foreclosed at the option of the said ASSOCIATION after failure Tor three monUis io make any of said
<br /> payments or be ttuee months in arrears in making said monthly paymen[s,or to keep and comply wi[h the agreements and conditions of said Bond; �. .
<br /> � and Mortgagor xgrees to hdve a receiver appointed Corthwiih in such foreclosure proceedings.
<br /> �i . U there is any change in ownership of the real estate mortgaged he�ein,by sale or otherwise,then the entire remaining indebtedness hereby � �
<br /> � secured shall,at the option of The Equitable Suilding and Loan Association of Grand Isiand,Nebraska,become immediately due and payable without :
<br /> further notice,and the amount remaining due under said bond, and any other bond for any additional advances made thereunde�,shall,from the
<br /> � date of exercise of said option,berr intecest at the maximum legal rate,and this mortgage may�then be foreclosed to satisfy the amount due on said
<br /> bond,and any odier bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br /> Nebraskx for insurance,taxes and assessments,and abstracting extension charges, with interest thereon, from date of payment at the maximum �
<br /> legai rate.
<br /> � . . As provided in the Bond secured hereby,while this moRgage remains in effect the mortgagee may hereafter advance additional sums to the ��
<br /> makers of said Bond,their assigns or successors m interesti,which sums shall be within the security of this mortgage the same as the�funds originally
<br /> � secwed thereby,the[otal amount of principal debt not to exceed at any time the originat amount of this morlgage. . � �
<br /> Datea cnis l Oth day of Ma y A.n.,iv ��
<br /> Re nc Construction Inc.
<br /> , � � � �
<br /> o e . Luft, Pre i end t
<br /> STATE OF NEBRASKA,� 19�� ,before me, �
<br /> COUNTY oF HALL �� On this I�th day of �`9dJ�
<br /> ` ��� � . the undersigned,a Notary Public in and for said Coanty,personally came . • �� ; r�"^
<br /> Regency Construction, Inc., Roger W. Luft,'"President . �� � ��
<br /> � whu ,7 5 personally knuwn to p, ,,�x ,
<br /> lR� ��.�,
<br /> me d,jFi saN whose name �5 affixed to the above insirument as mortgagor and he �bYv2Sr�Ff� € -_
<br /> (Qd41!d`�S1 �i� ent to be 117 5 voluntary act and deed. �
<br /> �.r,..G��� '
<br />�� �y hand and Notarisl Seal the date afinesaid.
<br /> f� .�t� y�I'��.
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<br /> , ; ;,� . . . . . Notary Publ'rc . . .
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