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<br /> MORTCACE
<br /> MOIZTGACIi LOAN N0. L ZZ+�3� MGIC
<br /> KNOWALLMGNDYTNESEPRESENTS:That William Allan Lechner and Marilyn Kay Lechner, 2dC.f1 111
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<br /> his and her own right and as spouse of each Otf1BY', Moctgegor,whetheroneormore,inwnsiderationafthesumaf
<br /> ° ` Twentv-four Tf�ousand Three Hundred and No/100---------- t�oun�ts
<br /> loaned to said mortgngor by The Equitable Buitding nnd l,oan Association of Crand Island,Ne6raska,Moctgagee,upon 243 sLares uf stock of
<br /> said ASSOC1AT10N,Certificate No.L 22 q� MGI��o hereby granl,convey and martgage unto tl�a said ASSOCIAT(ON the fallowing
<br /> described real estnte,situated in Nall Coun!}�,`Nebrnska:
<br /> :
<br /> LOT T410 HUNDRED ELEUEN (211) IN WEST LAWN,
<br /> IN THE CITY OF GRAND ISLAND, NEBRASKA.
<br /> together with all the tenements,hereditaments and appurcenances thereunto 6elonging,including atcached IIoor rnrerings,all window screens,
<br /> window shades,biinds,slorm windows,awnings,heating,aic wnditioning,and plumbing and water cquipment and accessories thereto,pumps,smves,
<br /> refrigerators,and other fixmces and equipmrnt now or hereafter attnched to or used in conneclion with said real estate.
<br /> � And whereas the said mortgagor has agceed and does hereby agrcc that the mortgagor shall and will pay all taxcs and sssessments levied or
<br /> auessed upon said premises and upon this mortgage and the bond sewred there6y before tlm same shall become delinquenh,to turnish approved
<br /> insurancc upan the 6uildings on said premises situated in the sum oC 5 ZQ, 300.�Q payable ro said ASSOCIATION and to deliver to said
<br /> ASSOCIATION the policies for said insurance;and not to commit ur permit any waste on or about said premises;
<br /> In case of default in the pttformance oC any ot the terms and conditions ot diis mortgage or the bond secured hereby,the mortgagee shall,
<br /> on demand,6e entitled to immediate possession of thc mortgaged premises and the mortgagor hereby assigns, transfecs and seu over to the
<br /> � mortgagee all the mnts,�evmues and income[o be derived trom the mortgaged pmmises during such time as the mortgage indebtedness shall remain . .
<br /> unpaid;and the mortgagee shall have the power to appoint any agent or agems it may desire for[he purpose of repairing said premises and renting .
<br /> the same and collecting the rents,revenues and income,and it may pay out ot said income atl expenses of repairing said premi:es and necessary
<br /> commissions and expenxs incurrcd in renting and marmging the samo and of collccting rentals theretrom;the balance remaining,if any,to be - � - -�
<br /> applied toward the dischacge oF said mortgage indebtedness;these rights of the mortgagee may be exerciud at any time during the existence of such
<br /> . default,irrespeclive oC any temporary waivar o(the same. � � �
<br /> These Presents,however,are upon Ihe Condition,That ii the said�tortgagor shall repay said loan un ot before the matucity of said sharos by
<br /> � paymenl;pay munthly to said ASSOCIATION of the sum specified in the Bund secured hereby as interost and principal on said loan,on or 6efore .. �
<br /> the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and aueuments levied against said premises an1 on this Mortgage
<br /> � •snd the liond secured lhereby,beCore delinquency;Curni:h appcoved insucance upon the buildings ihereon in the sum of 5 Z4�3��.Q� payable
<br /> to said ASSOCfATION;repay to said ASSOCIAT[ON upon demand all money by it paid for such taxes,a:ussments and insurance with interest at .
<br /> � � the maximum legal rate iheceon(rom date of payment all of which Mortgagur hereby agrees to pay;perrttit no waste on said premises:keep and comply
<br /> � with all tlie agreements and conditions uf d�e�ond(or S Z4�300.OO�his day�iven by ihe said Aturtgagor to said ASSOCIA'fION,and comply � �
<br /> . . with all the rtquirements o[the Cunstitution and ByLaws of said ASSO('IATION;then these p¢sents shall become null and void,otlterwise lhty �
<br /> shall remain in Cull force and rtwy be torectosed at the optiun of the said ASSOCIATION after failure (or three months to ma}:e any of said
<br /> �. payments ur be three months in arrears in making s3id monlhly payments,or to keep und comply with the agmemen[s and conditions of said Uond; . �
<br /> . and�focleagor agrces to have a�eceiver appuinted(octhwith in such Coreclosure proceedings. . . �
<br /> I(thece is any change in ownership of the real estatc mortgaged herein,by sale or othenvae,then the entiro remaining indebtedness hereby
<br /> secured shall,at the oplion of The Equitable Building and Loan Association of Crand ISland,Nebcaska,become immediately due and payable without
<br /> further notice,and the xmuunt cemaining due under mid bond,and any uther bond for any additional advanres made thereunder,shall,from the
<br /> Jale of axercise of said option,bear interest at the tnuximum legal rate,end this mortgage may then be(orcclosed ro satisfy the amount due on said
<br /> bond,and any other bond fur additionet advances,together with alt sums paid by said The L•quitable Building and Loan Association oC Grand Istand,
<br /> Nebraska Cor insutance,taxes and assessmenes,and abstracting extension charges,with interest thereon,from date of payment at the maximum
<br /> � Iegal rate. . . �
<br /> As pwvided in the Bond ucured hereby,while this mortgage remains in efCect the mortgagee may hereaf[er advance additional sums tu the
<br /> makers of said Bond,their assigns or successors in interest,which sums shall be within the security o(this mortgage the mme as the(unds oriynally
<br /> secured thereby,Ihe total amounl of principal debt not to exceed at any time tlic original amount of this mortgage.
<br /> oa«�tn;s 1 �� �ay°r May n.n.,iy 76 ;,
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<br /> William Allan Lechner t4aril�yn K y Lec ner
<br /> STATE OF NEBRASKA,�,� On this �sth day of Mdy 19 �6 ,be(ore me,
<br /> COUNTY OF HALL ;�� r -t
<br /> �� the undersigned,a Notary Pub6c in and tor said Counry,personally pme •
<br /> W�•lliam Allan Lechner and Marilyn Kay Lechner, each in his and her,ho�m right anw�allyknownto �
<br /> ach otfier, are � � �
<br /> � M,+'�pthtj rson 5 whou name S dre alfixcd to the above instrument as mor[gagorg and they severally „�
<br /> /� ack'tioaS�e�geb�E�aid tcument to bc the i r voluntary act and deed. �''
<br /> �� „�;�• W{T_N,tt S my hand and Natarial Seal the date aforesaid. �
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