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<br /> MORTGACE
<br /> MORTGAGE LOAN N0. L 23 s OOE
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<br /> KNOWALLMENBYTHESEPRESENTS:That Christy J. Leiser, a sing7e person
<br /> � � Mortgagor,whether one or more,in consideration of the�um of ,
<br /> ' Twentv Six Thousand and No/100----------------------------------------•------------�L�� '
<br /> loaMd to taid mortgagor by The Equitable Building and i,oan Association of Grand Island,Nebraska,Mortgagee,upon 26� shsret of atock of �
<br /> said ASSOCIATION,Certificate No. L 23s0�6 ,do hereby grent, convey and mortgage unto the said ASSOCIATION the following .
<br /> deseribed resl estate,situated in Hati County,Nebraska: � ..
<br /> LOT THREE (3), EBERL SUBDIVISION, GRAND ISLA�JD, HALL COUNTY, NEBRASKA
<br /> together with all the tenements,hereditaments and appurtmances thereunto belonging,including attached floor coverings,all window urcens, � ' `'
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessorin thereto,pumps,s[ovea,
<br /> � � refrigerstors,and other Pixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br /> � Md whereas the said mortgagor has agreed and does hereby agrce that the mortgagor shall and will pay all taxes and asusnnents levied or -
<br /> �- aasested upon said premixs and upon this mortgage and the bond sec�yred thereby before the same shall become delinquent:to futnish approved �
<br /> .. �i insurance upon the buildings on said pzemixs situated in the sum of S L6,�00.UO payabie to said ASSOCIATION and to deliver to said '�
<br /> ASS�CIATION the policies for said insurance;and not to commit or permit any waste on or about said premises; ��
<br /> , In case of detault in the performance of any of the terms and conditions uf this mortgage or the bond secured hereby,the moRgagee ahall,
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<br /> ���`t on decnand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, tiansfers and xts over to the
<br /> mortgagee all the rents,reven�es and income to be derived from the mortgaged premixs during such time as the mortgage indebtedneu shall remain . ��
<br /> �unpsid;and the mor[gagee shall havt the power to appoint any agrnt or agents it may desire for the purpose of repairing said premises and renting �
<br /> the seme and rn(lecting the rents,revenues and income,and i[may pay out of said income a11 expenses of repairing said premixs and neassary F'
<br /> comxnissions and expenses inwrred in renting and managirzg the same and of collecting rentals thercfrom; the balana remaining, if any,to be �
<br /> applied toward the diuharge of said mortgage indebtedness;the:e rights of the mortgagee may be exercised at any time during the existena of such
<br /> `� defavlt,'urespective of my tempowry waiver of the seme.
<br /> �4 These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shares by 4' . ' -� ��
<br /> � payment;pay monthly to said pSSOCIATION of the sum specified in the Bond xcvred hereby as interest and principal on said loan,on or before � �
<br /> ��{ the Twentieth day of each and every month,until said loan is fuUy paid;pay all taxce and assessments levied against said premixs snd on thit Mottgage
<br /> and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of 3 Zf)����.0� payable
<br /> ' to said ASSOCIATION:repay to said ASSOCiATION upon demand all money by it paid for such taxes,assessments and insurana with interest at
<br /> the maxim�xm legal rate thereon from date of paymmt all of which Mortgagor hereby agrees to pay:permit no waste on said premisea;keep and comply _
<br /> with all the agreements and conditions of the Bond for S 26,�00•O��s day given by the said Mortgagor to said ASSOCIA7TON,and wmply � � �
<br /> � with aU the requirements of the Constitution and By-L.aws of said ASSOCIATION;then theu presents shaU become null and void,otherwisa they
<br /> shalt remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make arry of said � � � .
<br /> payments or be three months in artears in making said monthly payments,or to keep and comply with the agreemmts and rnnditions of said Bond; ,
<br /> and Mortgagor agrees to have a receiver appointed forthwith in such foredosure proceedings. ,,. . . .
<br /> � � If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby � �� �
<br /> 7, secured ahall,at ihe option oF The Equitabie Building and Loan Association of Grand lsland,Nebraska,become immediately due and payable without
<br /> }�+� � further notice,and the amount remaining due under said bond,and any other bond for any addittonal advances made thercunder,ahall,from the
<br /> +� � , dste of exercise of said option,bear interest at the maximum legal rate,and this moRgege may tlun be fottcloxd to aatisfy the amount due on said � �
<br /> �� . bond,and any other bond for additional advances,together with all sums paid by said'fhe Equitable Bu�lding and Loan Astociation of Grand Island, . �
<br /> Nebraska for inwrance,taxes and assemnents,and abstracting extenaion chargea, with interest ttureon, from date of payment at the maximum
<br /> � legal rata
<br /> , � � As provided in the Bond secured hereby,while this mortgage remains in eCfect the mortgagee may hereafter advance additional sums to the . �
<br /> � �maken of said Bond,�their assigns or successors in interest,which sums shall be within the security oC this mortgage the same as the funds originally �.
<br /> � "# aec�ued thmeby,�the total amoun[of prin«pal debt not to exceed at any time the orig'v�al amount of this mortgaga .
<br /> ? ��...��nac�a t�, 1 t . aaY of February A.D.,�9 78 .
<br /> f risty J. is r
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<br /> STATE OF NEBRASKA. �" %-
<br /> COUNTY OF HALL�� On this 15th. daY of February 19 7$ ,before me,
<br /> � � � � � . � the undenigned,a Notary Public in and for asid County,personallycame � � - �-�;,�.
<br /> '` Chri sty `J. Lei ser, a si ngl e person ,E� '.�
<br /> ,�� � . � . . . who 7 5 perwnally known to q
<br /> � � �._ � �r.�� �� . .
<br /> �" � '�t� � rson whoze name 7 S affixed to the above insuummt as moRgagor and S h E �fd(d�l�llj[ �� �
<br /> �gdd�stid t to be h2r' wluntary act md dxd. fr "'�'
<br /> :b � my hand and NotarSal Seal the date aforesaid. ��; ' '
<br /> NOTAi{Y =� . h 41 � �
<br /> ' Y+�.�CO�.PIRES,IM�(f6 ' 'onexpires�1►�..,�„��/.��' �_�g� � . .
<br /> �� ap .• � �� Notary Public
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<br /> � � �.31�1�.S�. .
<br /> ql�Of NEB�A
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