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Filed -fcir record Boo
<br />Z.
<br />Je Fisher, Register oY Deeds,
<br />MORTGAGE Hall County;Nebraeka
<br />MORTGAGE LOAN NO. ' L 21,522
<br />1 A�'D KNOW ALL MEN BY THESE PRESENTS: That Daniel.G. Lear. and Denise S. Lear, each in'his and her
<br />Own right and as -spouse Of each other, • Mortgagor, whether one or more, in of the sum of
<br />Twenty-four Thousand and No/100--------------------------------------------
<br />loaned
<br />------------------------------------=--loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon . 240.' shares df.stock of
<br />said ASSOCIATION, Certificate No. L 21,522 , do hereby grant, convey and mortgage unto the said ASSOCIATION the- following
<br />described real estate, situated in Hall County, Nebraska:
<br />ALL OF LOT SIX•(6) AND THE NORTH SIX (6)
<br />FEET OF LOT SEVE.N,(7), BLOCK FOURTEEN (14)
<br />WEST.PARK ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond re
<br />securgd th ly before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of $ •L4 , �OU. UO payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises; -
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<br />remises;. In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled.to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out .of said income all expenses of repairing said premises and necessary,
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be.
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be•exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />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
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 24 , 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply
<br />with all the agreements and conditions of the Bond for S 24 ;000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with ail the requirements of the Constitution and By -Laws of said ASSOCIATION; then these presents shall become null and void; otherwise they
<br />shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three months in arrears in making said monthly payments,•or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure 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 />secured shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy th4 amount due on said
<br />bopd, and any other bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest. thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of 'd Bond, their assigns or successors in interest,.which sums shall be within the security of this mortgage the same as the funds originally
<br />secured Cher y, the total amount of pri ipal debt not to exceed at any time the original amount of this mortgage.
<br />t is a of 5arch A. D., 19 75
<br />416&
<br />Daniel G. Lear Denise S. Lear
<br />STATE OF NEBRASKA,Zh
<br />ss. On this %�/ day of y%%�KGlf 1975 ,before me,
<br />COUNTY.OF HALL }
<br />the and rs' ed, a Nota .Pupl�c in and for said Count ,personally came
<br />Daniel G. Lear and Denise S.. Lear, each in his anc� er.own rig angU as spouse of each
<br />other, who are personally known to
<br />me to be the identical person S whose n '-a Y%4 ed to the above instrument as mortgagor s and theyeverally
<br />acknowledged the said instrument to be th `Q,:...gfJotmJ; � d deed. .
<br />WITNESS my handand t�ua14�A the date�afo�e�
<br />4�
<br />My Commission expires E'f C d�t7rd
<br />EXPIRES � L Notary Public
<br />3-73-2M 7,
<br />....,
<br />• �qTf at •N�g��5 -. � *3 .
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