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<br /> �s�,►�01�70
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. � '
<br /> � KNOW ALLMEN BY THESE PRESENIS:That Kevi n G. Pfei fer and Ci ndy K. Pfei fer, each i n hi s and
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<br /> � her own right and as spouse of each other
<br /> . � Mortgagor,whether one or more,in consideration of the sum of '
<br /> • .; Fourteen Thousand Eiaht Hundred and No/100-----------------------------------------ppLLA�ts V
<br /> . loaned to said mortgagor by The Equitable Building and Luan Assoaiation of Crand Island,Nebraska,Mortgagee,upon 14$ shares of stock of
<br /> said ASSdC1ATION,CertiFcate No.L 23,029 ,do hercby grant, comey and mortgage unto the said ASSOCIAT[ON the following
<br /> - described real estate,situated in Hall County,Nebraska:
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<br /> ' LOT TWO (2), IN BLOCK ELEVEN {11) OF SCHIMMER'S ADDITION TO
<br /> THE CITY OF 6RAND ISLAND, HALL COUNTY, NEBRASKA.
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<br /> � � together with all the tmements,hcreditaments and appurtenances thereunto belonging, including attached floor coverings,all window screms,
<br /> � window shades,blinds,storm windows,awnings,heating,air conditioning,and piumbing and water equipmen[and acassories there[o,pumps,scoves,
<br /> � �� � rcfrigeretors,and other fixtures and equipment now or hereafter attached to or used in connectiun with said real estate.
<br /> ��. And whereas the srid mortgagor has agreed and dces hereby agrce that the mortgagor shall and will pay all taxes and assessmrnts levied or � -�
<br /> �� . asussed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinqumt;to furnisli approved ��
<br /> �; insurance upon the buildings on said premius situated in the sum of$ 14,8��.QO payable to said ASSOCIATION and to deliver to said ��
<br /> �{ � �ASSOCIATION the policies for said insurance;-rnd not to commit or permit any waste on or about said premiser, � .
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<br /> � � In pse of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall,
<br /> ' � � on demand,be entitled to immediate posseuion of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the �
<br /> �{ � mortgagee all the ronts,revmues and income to be derived from the mortgaged premius during such time as the mortgage indebtedness shall remain
<br /> s unpaid;and the mortgagee shall have the power to appoint any agent or agrnts it may desire for the purpose oF repairing said premises and rortting �
<br /> ��; . the same and collecting the rents,revenues and inwme,and it may pay out of said income all expenses of repairing said premises and necessary. ;
<br /> :�� . commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining,if.any,to be
<br /> applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such
<br /> .�,��.j default,irrespeotive of any temporary waiver of the same. . � ��
<br /> " These Presents,however,are upon the Condition,That iC the said Mortgagor shall repay said loan on or beCore the maturity of said shares by ,.
<br /> �,. � . payment;pay monthly to said ASSOCIATION of the sum speclfied in the Bond secured hereby as interest and principal on said loan,on or before . � �
<br /> S� [he'Irvrntieth day of each and every month,until said loan is fully paid;pay all taxes and assessmmts levied against said premises and on ihis Mortgage s �
<br /> j �and the Bond ucured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of 5 ],4�$��.�� paYable
<br /> � to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at .
<br /> ,,� thc maximum legal raic thereon from date of payment all of which�fortgagor hereby agrees tu pay;permit no waste un said premises;keep and comply . .
<br /> �,.` with all the agceements and conditions of the Bond for$ 7 4 $On�n�is day given by the said Mortgagor to said ASSOCIA7'ION,and comply � . ,
<br /> . with all the requirements of the Constitution and Hy-Laws oi"sard A55b�rAT[ON; thrn these preunts shall become null and void,otherwise they . . .
<br /> .�.I shall remain in full force and may be foceclosed at the option of the said ASSOCIATION after failure for three months to make any of said . � �
<br /> ,� payments or be ihree months in arrears in making said monthly payments,or to keep and compty with the agreements and wnditions of said Bond;
<br /> �.�,� and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. ��
<br /> ;��� if there is any change in ownership of the real estate mortgaged herein,by sale or otherwiu,then the entire remaining indebtedness hereby �� . -�
<br /> :�.� secured shall,at the option of The Equitable Building and Loan Association aFGrand Island,Nebraska,become immediately due and payabte without � .�
<br /> �.�'.� further no[ice,and the amount remaining due under said bond,and any other bond for any additionaladvances made thereunder,shall,from the �. �
<br /> ..� date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said . �
<br /> bond,and any other bond for additional advances,together with a11 sums paid by said The Equi[able Building and Loan Asaociation of Grand Island,
<br /> Nebrasks for insurance,taxes and assessments,and abstracting extension charges, with interest thereon, ftom date of payment at the maximum � �
<br /> .'� ]egal rata
<br /> �..� As provided in the Bond ucured hereby,while this mor[gage rcmains in effect the mortgagee may hereaher advance additional sums to the � . �
<br />[ makers of said Sond,the'u assigns or successors in interest,wh:ch sums shall be within the security of this moRgage the same as the funds origiaally .
<br /> 6 , ;�� xcured thereby,the totul amount of principal debt not to exceed at any time the original amount of tlus mortgage. � �
<br />� � nacoa th;s 13th. day oF March A•D•.�9 78
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<br />��_;� `Cirtdy K'. Pfei.fer •
<br />� A� S1'ATEOFNEBRASKA,� 13th. March 78
<br />�� "COUNTY OF HALI; �� On thia day of 19 ,before me,
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<br /> g .+ - the undersigned,a Notary Public in and for said County,pereonally came .�
<br /> Keyin G. Pfeifer and Cindy K. Pfeifer, each in h1s and her own right and as spouse of each
<br />�Z other w'ho penoea�ly known to
<br /> a z �.o �peroon S� whou name 5 �dT'e affixed to the above instrument as mortgagor 5 and tf12�/ severally
<br />�s . �lekpow�tl�cj Inatrument to be tF1El N volwtary act and deed.
<br />� �i �� '9��sW[ my hand and NotaNal Sesi the date aforessid. .;
<br /> .NOTARY ltyr� ' 'on expires � � \ �
<br /> � �S�COM�M�RES N • . �. . . � �'J������ :� �•.. � ��-�'.
<br /> ; i �� 9�•��, ��t� v � Notary Public
<br /> �fqrF oF NE�`�QS� ��
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