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<br />� ' SSORTCAGE
<br /> AtORTCAGH LOAN N0. L P2�534
<br /> r� KP70WALLrfENBYTHESEPRFSGNTSiT1iaL Gdy�E' N. Leonard and Helen L. Leonard, each in his and
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<br /> i , her own:right and as spouse of each other,
<br /> ,`j , , _Mortgagor,whether one or moce,in can:ideration of the sum ot
<br /> � Twenty-nine Thousand Two Hundred and No/100------ ------------
<br /> DOLLARS
<br /> � loaned tu said mortgagor by 7'he I'squitable Building and i.oan Association of Crand Island,Ne6raska,rlortgagee,upon 292 shares oC stock of
<br /> • said ASSOCIATION,Cedificate No.L 22 534 ,du hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> ',�. �escribed real estate,situated in Hai County,�'ebraska:
<br /> LOT 7HIRTEEN (13), FRACTIONAL BLOCK ONE (1},
<br /> ; PARKHILL SUBDIVISION, AN ADDITION TO THE CITY
<br /> ` OF GRAND ISLAND, NEBRASKA.
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<br /> � toged�er wiQ�all the lenements,IiereJiiaments and appunenances thereunto balonging,including attacl�ad floor covarings,nll windaw screens,
<br /> rvindow:hades,blinds,storm windows,awnings,iieating,air conditioning,and plumbing xnd water equipment and accessories thereto,pumps,stoves,
<br /> reGi�erators,and other fixwres and equipment now or hereatter attached to or used in wnnectiun with said real estate.
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<br /> ' � And w�hereas the said mortgagor has agreed and does h:reby agree iLat d�e mongagor shall and will pay al!ixxes and assessments levied or
<br /> , ! assessed upon said premises xnd upon this morteage and the bond secured thereby beibre the same shall become delinquent;to tumish appmved
<br /> inmrance upon the buildings on said premises tituared in the sum o(5 29�2��.�� payable to said ASSOCIATION and to deGver ro sdd
<br /> � ASSOCIATION the policies 1'or said in:urancr,and not to commit or permit sny waste on or about said premises��� � � . � � �
<br /> [n case ot deiauie in ii�e periormance ui any uf tim iccrns z�iu cwiuiti�r�s-`c;�is,r,or;�gc�•�t�C.^.�`. ••A h�;�{.� rti,.�n��»_ti�u
<br /> on demend,bc�entitled tu immediate possession of[he mortgaged premises�and thc mortnagot hereby assignt, transfers and sets o�ror to�the � � �
<br /> ' mongagee all dm mnts,revenues and income ro be derived from the mort�pged premises during such time as the mortgage indebtedness sha!!remain
<br /> -�£ . unpaid;and the mortgagee shaU.have thc power to appoint any agrn[or agnn[s il may desire for Ihe purpose of repxuing�said premises and ttnting. . � � � ' � �
<br /> � the s3me and collecting the rents,rnznues and income,and it may pay out of said income all expenses of repairing x+id premixs and necessary- � � - �� .
<br /> commissions and expenses incurred in renling and managing the same and of collecting rentals therefrom;the halanct retnainfng,if any,to be � . . . �� �
<br /> applied toward the discharge of said mortgage indebtedness;these rir,his oF the tnorteagee may be exerciud at any time during the existence of such
<br /> defautt,ircespective of any cemporary waiver of the same. . . �
<br /> <��:i Thes,e Presents,however,are upon the Condition,Ttut it the said�fortgagor shall repay said loan on or befoie[he maturity of said shares by � . � � �
<br /> payment;pay monthly�o said ASSOCIA'fION of the sum spcciGed in the Bund secured hcreby as interest and prinripal on said loan,an or btFom � . �
<br /> the Twentielh day o(each anJ cvery month,until said lo:fn is fully paid;pay all[axes and asutsments levied agains[said premises and on this Mortgagt � .
<br /> and the Bond secuced thereby,betore deGnquency;fumish appruved insurance upon the buildinys thueon in the sum oC 5 29�Z00.�� payable � � � �.
<br /> to saiS ASSOCIATION;repay to said ASSOCIATIO:�upon demana all money by it paid fur such taxes,assessments and insurance with in[erest at � � � � � � �
<br /> ���-��i the maximum legal rate theieon from date of payment all of which Afortgagor liereby e�ees to pay;permit no wasu on said premises:keep and�romply �� . � .
<br /> with all the agreemants and conditions oC the Bond for S 29�ZO�.�Ohis day�iren by the said Dlortgagor to said ASSOCIATIOY,and rnmply - - . �
<br /> with ali Ihe requirements o(the Constitution and[ly-Laws of said ASSOCIATION;then these presenu shall become null and void,othetwise Ihry
<br /> shall renuin in Cull(orce and rtuy be Cureclomd at the option oC the said ASSOCIATION after fxilure (or thme months to make any of said � � -
<br /> payments or be three months in arrears in rtuking said monthly payments,or to keep and comply with the agreements and conditions of said Dond; - �. .
<br /> and Alortgagor agrces to have a rcceiver appoinlod forthwith in such foreclosure proceedings � . �
<br /> If there in any change in owncrship of the real estate mortgaged herein,by sale or otherwise,then the entim«maining indebtedneu hereby . �
<br /> secured shall,at the option o(The Equitable Building und Loan Aswciation oCGrandlsland,Nebraska,bewme immediately due;u�dpayable without
<br /> furiher notice,and!he amount remaining duc undcr said bond,and any uther bond for any addi4onal advances made thereunder,ahall,from the
<br /> date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may chen be foredosed to satisfy the amowt due on said
<br /> bond,and any other bond(or addi[ional advanas,together with�II sums pxid by saiJ'fhe Equitable Huilding and Loan Aswciation of Grand[sland,
<br /> Nebraslca for insurance,taxes and assesnnrnis,and abstracting extension ch�rges,u•ith inurest thereon,from date of payment at the maximum
<br /> legalrala
<br /> As provided in lhe Dond secured herehy,while this morlgage remains in effect the mortgagee may hereafter advance additional sums to[he . �
<br /> makect of said Bond,their assigns or successors in inurest,which sums shall be within the ucurity of this mortgage the same as the Cunds originally � � �
<br /> secured thereby,the total amouut oCprincipal debt nui to exceed at nny time tLe ori�inal amount o(this mongaga
<br /> «a�n! C . � day of F�ebruary �- �.° 19 77 �: /
<br /> ����`(/ i: �i. —!�c°��// `�'1i. �� . :_1 ���..-,.� :_-�_�C��
<br /> ay l .' eonar� Nelen L.�Leonard
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<br /> S7'ATC OF NEBRASKA,I� On this l lth day o! February 19 �� ,beforr me.
<br /> COUNTY OF HALL� �k,� ,d, ,
<br /> the undersigned a Notary Public in and for said County,pe�sonally came T'+� ��
<br /> Gayle H. Leonard and Helen L Leonard, each in his and her own right and as spouse of N
<br /> 2dCh other, ���,o dP2 perwnallyknownto ' �
<br /> ���� me to be the identical pecson S whose nnme S d t'@ . aCfixed to lhe above instru ortgagor S and th2y xti�erally . � .
<br /> acknowledged the said inswment to bethe�r vuluntary act avd cfeed. �
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<br /> � WITNESS my hand and Notarial Seal the date aCo[esaid. \ .
<br /> � 61y Commission expues /"�� G L�
<br /> ' }� fCP;C� l .�.:3;.S;c'..r:^rr ,otaryPublic
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<br />��-...� '�.�'�_�-�MY G�'om;�.�.!acv.12.1578�
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