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<br /> MORTCAGL' 76" ��2�g�
<br /> MORTGAGE LOAN N0. L 22�O9S
<br /> KNOWALLAfENDYTHGSEPRGSHNTS:That Larry L. Leep and Donald R. Saladen, being the sole and only
<br /> � partners in L & D Properties, a partnership, I
<br /> hfodgegor,whether one or more,in conside�ation of the sum of
<br /> ' Thirtv-nine Thousand Five Hundred and No/100---------------------------------------poLtn[ts
<br /> ; loaned to said mortgegor by The Equitable 9uilding anJ Luan Aswciation of Grnnd lsland,Nebrasl:a,�fortgagec,upon 3 95 shares oC stock of
<br /> wiJ ASSOCIATION,Certificate Nu.L 22�O18 ,do heceby grant,convey und mongage unto the said ASSO(7(AT10N the following
<br /> ` descri6ed real estete,situated in Hall County,Nebraska:
<br /> i,�
<br /> LOT SEVENTEEN (17) ID! BLOCK FOURTEEN (14)
<br /> IN ASNTON PLACE, AN ADDITION TO THE CITY
<br /> OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> AND '
<br /> F� LOT ONE (1) IN DLOCK TEN (10) IN
<br /> UNIVERSITY PLACE, AN ADDITION TO THE CITY
<br /> - OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> ,.a
<br /> ��i �ogether with all the tenemenls,hereJitaments and appurtenances Ihereunto belonging,including nttached(loor coverings,all window screena, �- �� . .
<br /> window sl�ades,blinds,sturm winJows,awnings,heating,�ir conditioning,and plumbing and water equipment end accessories thereto,pumps,stova, '
<br /> reGigerators,and other fix[ums and equipment now ur hereafter attached tu or used in eunnection with said real estate. � � � � �
<br /> -< And whereas the said mortgagor has agreed and does hereby agree th:�t thc murtgagor shall and will pay ell taxes an�assessments levied or
<br /> assessed upun snid premises and upon this mortgage und the bond secured therebv before ihe same sliall becume delinquent;to furnisli approved
<br /> insurance upon the buildings on said prcmises situated in thc swn o(5 3 J,500.DO payable tu said ASSOCIATION and to deliver to said � � ��
<br /> ASSOCIATION the policies for said insurance;and not to commit or permit any waste mt or aboul saiS prcmises; � � � .� . �
<br /> In case of defnult in the per(otmance of any o(the terms and conditions of this mortgage m Iho bond secured tiereby,Ihe mortgagee ShaU, � - �
<br /> ��? on demand,be enlitled to immediate possession oC the mortgaged premises and �he murtgagor hereby assigns, [runsfers and sets over to the � � �
<br /> mortgagee all the rents,revenues and income to be derivod(rom the mort�ged premises during such time a:tha murtgage indebtedness shall remain
<br /> unpaid;and the murtgagee shall have the puwer to appoint any agent or agents it may desiro Cm qic purpose oF repairing saiJ premius and renting . � . . � .
<br /> tl;e same and collecting Ihe ren�s,revanues and income,and it may pay out of said income all expenses uf repairing said premises and necesmry . .
<br /> commissions and expenses incwred in eenting and managing lhe same and u(cullecting rentals therefmm; tlu balnnce remiining,if uny,to be �
<br /> ` applied luward�he discharge of said mortguge indebtedness;these rights of lhe tnurtgagee may be exercised at any time during Uie existence oC such � �� � �
<br /> ���' def�ull,irrespective ot any tcmporary waiver oC lhe ume. �
<br /> These Presenls,huwevar,are upon the Condition,That iC Ihe said Morlgagor shall repay said loan on or befure the muturily ot s:�id sl�ares by �
<br /> payment;pay monlhly to said ASSOCIATION of the sum specified in�Le Uund secured here6y as interest and principal on said lu�n,un or be(ore � � � -
<br /> the Twentirth day of each and every month,until said loan is fully paid;pay all t�xes and assessments levicd against said pmmises and on Ihis Morlgage
<br /> � and the I�ond sewred thereby,before delinquency;turnish approved insurance upun dic buildings therem�in the sum of$ 39�5��.�� payable
<br /> i�7: to uid pSSOCIATION;repay to said ASSOCIA'fION upon demanJ all monay by it paid Ibr such taxes,assessments and insurance with interest at � ��� �
<br /> Ihe maximum leg�!rale thereon from date of payment all of which Atortgagor hereby agrees to pay;permit no w�ste on said premises:keep anS cumply _ �
<br /> with all the agreements and canditions of tl�e Hond for S 39 500.00 N�is day giren by the said pturigagor to said ASSOCIATION,and comply
<br /> with all ihz requiccments o(thc Cunstilution und 8y•Laws ot�said ASS(X:IATION;dten these presents sli�ll 6ecome null and vuid,othenvise they � �
<br /> shall remain in(ull furce and may be forecluxd�t the optiun o(the said ASSOCIATION �Iter fuilure (or thrce months tu make any uf said
<br /> payments ur be three munths in arrears in making s�id munthly paymenls,or tu keep and comply with the agreemenls and conditions of said Uond;
<br /> and Aforigagor azrces to have a receiver appointed forthwith in such foreclosure proceedings.
<br />����, If el,{rr ic�ny rh�nor 1n n.y;;n;d:1'R C!�!h::9s1 @St9:e mortpap:'.�.he:.',ia.�j 53iC ci a.i1C:V�isC.:il"ci�ti2 'criiic I2iTi8fi�iiig iiiucui2u�iiai i�oicuy
<br /> : •°cured shaU,at the option of Th�@quitablr Duilding and I.oan Associatiun of Grand Isl�u�d,NebrasF;a,become immediately due and payablc withuut
<br /> further notice,and the amuunt remaining due under said bond�3f1(�illY UII1C(bUll(I POf Blly'�(I(IIUOf1�I�1�Y30CC5 Rl8({G LFIlfI`l1RlICt�SI1dII,l�rom the
<br /> dale of exercise of said optiun,bear interest at the maximum legal rale,and this murtgage may then be furecloseJ to satisfy the amuun�due on said
<br /> . bund,and any other bond tor additionai ativances,iogeinrr wiiii aii eumi Naiu`vy s- �y;; -b:-.,�';d';�6;.^d Lo ,,,„ ^r;3•_.^.d!�!_^��
<br /> Nebraskn for insurance,taxes anJ assessments,and abstracting exlensiun charges,with�inte�est,thereon,(rom date of�payment�xt the�maximum
<br /> legxiratc.
<br /> � As provided in the Dund secureJ heceby,while d�is mortgage rem=ins in effect the mertgegee m2y hereaCter advanca adJitional sums tu the .
<br /> makers u(said I3ond,their assigns or successuts in interest,which sums shall he within the xcurity of lhis murtgage the sa�no xs the fwids eri;inally
<br /> secured thereby,the�otal amount of principal debt not to exceed at any time d�e o�ig�ual-amopnl of lius morlgaga �
<br /> Datc�fhis 30th �,>,y� APr � � .�.o,�i76 , ,
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<br /> � �Cil/lti �' ' ���i/���' ) .,��1./�/i,�,f C�G''�-
<br /> � Larry L.�l.ee�f Donald R. Sa aden
<br /> S7'ATE OF NEBRASKA,�u pi��}�1, 3Otf1 da�of
<br /> COUN1'Y OF HALL APr>> t`1�6 ,befure me,
<br /> thc undcr:igncd,a Notary Public in and for said County,persunapy cama ��1 '
<br /> tarry L. Leep and' Donald R. Saladen, 6eing the sole and only partners in L & D Pro�erties, 7c� +,'
<br /> d d �6'hu are P�rson lyknou�nto y
<br /> P,���,q ,� � ac
<br /> m�`be�1!id�flfil�Qj,ne'��onS whose nnmt S are aCfixcd m the ubove instrumcnt as mortgagm S ���4 they u�e����Y �
<br /> ,Q�kno�i§il�t'dthE�sa3�j7ns tylment to be thei r voluntary act and deed. �'"' ' .
<br /> � W[T[�}FSS{�y hand and Notarial Seal the date aforesaid. �j '
<br /> `_My.COtn�m�Sion expires �ya,,e„,�' �� , \ \ -�� ��.�` ..
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