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<br /> )s AIORTGAGE � c':.f::
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<br /> .f MORTGAGE LOAN NO. L 23.126 .^f r f' �
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<br /> KNOWALLMENBYTHESHPItESENTS;That RO$ET^ W. Luft and Donna R. Luft, each in his and �
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<br /> her own right and as spouse of each other, : °,
<br /> .� � �� � � _____Mortgagor_whether one or mure,in consideration of the swn of � -. �� :
<br /> � Ten Thousand Eiaht Hundred and No/100------ �L�� ,�
<br /> � Loaned ta sa�d mortgagor by The Equitable Buldin and Loan Association of Grand Island,Nebraska,Mortgagee,upon ��$ shares of stock of t�
<br /> '� said ASSOCIATION, Certificate No.L 23�1�6 ,do hereb ; `3
<br /> described reai estate,situated in Hall County,Nebraska• Y B�nt, convey and mortgage unto the said ASSOCIATION the followtng q z
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<br /> ) THE WESTERLY FIFTY-FIVE (55) FEEF OF LQT QNE ;i ,r
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<br /> `�`.. (1), IN BLOCK EIGHTEEN (18), IN PACKER AND '`' �� .�
<br /> i; BARR'S SECOND ADDITION TO THE CITY OF GRAND ��
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<br /> � ISLAND, HALL COUNTY, NEBRASKA. f � �,�
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<br /> f � � ��together with�all the trnements,hereditamrnts and appurtenances thereunto belonging,including at[ached floor eoverings,all window screens, � � lr5 f��.�l�
<br /> ,� window shades,blinds,�storm windows,awnings,heating,air conditioning,and plumbing and water equipment and aceessories thereto,pumps,stoves, � ° �� � �,
<br /> � rcFrigerators,and other Fixturcs and equipment now or hereafter attached to or used in conneciion with said real estate_ � . . s k '^a �
<br /> . . �And�whereas the said mortgagor has agreed and does hereby agrce that the mortgagor shall and will pay all taxes and auessments Ievied or �,��,;;��
<br /> . � assessed upon eaid�premises and upon this mortgage and�the bond sec eJ�tj� by{1,etore the same shall become delinquent;to furnish approved i u
<br /> inwranoe upon the buildings on�said premiscs situated in the sum of 3��+�O��•�v payable to said ASSOCIATION and to deliver to said�� } � `.i� �`��`�q,W�
<br /> ASSOCIATION the policies for said insurance;and not tacommit or permit any waste on or about said premises; � . : �+�'
<br /> ��. � .[n case oC default in the performance of any of the terms and conditions of this mort e or the bond xcured hereb the mort � � v° '„4�������
<br /> � on demand,be entitled to immedia[e ssession of the mort �8 y' �����' � k t,� z�x�
<br /> � po gaged premises and the mortgagor hercby assigns, transfers and uts over to the
<br /> . martgagee all the�rmts,�revmues and income to be derived&om the mortgaged premises during such time as the mortgage indebtedneu shall nmain � � t �`� } �,'�`y�"'�;5�"�.�''
<br /> � unpaid;and�the mortgagee shell have the power to appoint any agrnt or agents it may des'ue for the purpose of repairing said prcmises and nn[ing � � -
<br /> �the same�and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premiaes and neassary ? ' �
<br /> � �� .commiasions.and expenses incurced in renting and managing the same and of collecting rentals thmefrom; the balantt remaining,��if any,to be � �
<br /> applied toward the dixharge of said mortgage indebtedneu;these rights of the mortgagee may be exercised at any time during the existence of such
<br /> defau3t,�irrespective oCany temporery waiver of the sama �
<br /> These Preunts,however,are upon the Condition,That if the said Mortgagor sha11 repay said loan on or before the ma[urity of said shares by
<br /> payment,�pay.monthly to said ASSOCIATION of the sum specified in the Bond ucured hereby as interest and principal on said loan,on or beforc
<br /> the Twentieth day of each.and every month,until said loan�is fulty paid;pay a11 taxes and assessments levted against said premius and on this Mortgage ^�:,^:�
<br /> � and.the Bond ucured thereby,before delinqumcy;fumish approved insurance upon the buildings thereon in the sum of S��s$��.�0 p8yeb�� ' s'.
<br /> �- to�id qSSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,asussments and insurance with interest at �Y
<br /> the�ma�cimum le � a;
<br /> gal rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premixs;keep and comply � c `x.;
<br /> . .wi[h all the agreements and conditions of the Bond for$ this da vrn b [he said Mort '�{r�;
<br /> �0,$Q��& Y& Y gagor to said ASSOC(qT70N,and comply
<br /> � with all the requ'vemmts of the Constitution and By-Laws of sai IAT10N;then these presents shall become null and wid,othecwise they �r :°
<br /> � �shall remain in�Cull force and may be forcclosed at the option of the said ASSOCIAT►ON after failure for three months to make any of said
<br /> :� �payments o!�be three months in arrears in making said monthly payments,or to keep and comply with the agreements and condi[ions of said Bond;
<br /> ' and Mortgagor agees to have a receiver appointed forthwith in such foreclosure proceedings.
<br /> . � � If there is any change in ownuship of the real estate mortgaged herein,by sale or otherwiu,then the entirc remaining indebtedness hereby �
<br /> seetsred shali,at the option of The Equitable Bu�lding and Loan qssociation of Grand Island,Nebnska,bernme immediately due and payable without
<br /> . further notice,and the amount remA;�;.+g due under said bond,and any other bond for any addiUonel advances made[htteunder,shall,from the
<br /> date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foredomd to satisfy the amount due on said
<br /> �� bond,and any other bond for additional advanas�together wiffi all sums paid by said"fhe Equitable Building and Loan Association of Grand Island,
<br /> �-�Nebraska Cor insurance,ta�ces and assessments,and abstracting extension chatges,with interest thereon, from date of payment at the maximum
<br /> Iegal rate.
<br /> As,provided in the Bond xcured hereby,while this mortgage remains in effect the mor[gagee may heroafter advence additional sums to the
<br /> �� maken of said Bond,the'v assigna or succeuors in interest,which sums shall be within the security of this mortgage ihe same as the funds originally
<br /> . aecured�thereby,the�total amount of principal debt not to exaed at any time the original amouat of this mortgage. .
<br /> D thts 24t11.. day of Mdy A.D..1978
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<br /> �9 -g=4 L'uft " 'O� onna R. Lu t ` ''
<br /> „� :
<br /> �>STA�'E�OF 1�BRASKA,t �. On this 24th da of Md
<br /> x• s �COL3N7`Y OF HAI.I:S y y 19 7$ ,before me,
<br /> �' � �� - ' � . � the underaigned,a Notary Public in and Cor said County,personally came �;,
<br /> � Roger W. Luft and�Donna R. Luft, each in his and her own right and as spouse of
<br /> ��µ���' � �EdCfl Otf12N„� who are P�rsonally known to
<br /> a� mI8 to be�the'�dentica7' G � �`
<br /> a �,��� � S are aff�xed to the above instrument as mortgagor 5 and they s�huy �,�".
<br /> acknowledged'the � ftaRb�•:�� e`7 N votuntary act�snd deed. � �a�r:
<br /> my hand�n$1qo Sal the date doresaid. r�`` r.
<br /> � ��NOTRR ��i�4'�i�� '` '��4.,R
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