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MICROFIL�'t' ,�
<br />Yil for record/ s� at /0��nPook�
<br />�Jgister of Deeds,
<br />MORTGAGE _ Hall County, Nebraska
<br />MORTGAGE LOAN NO. L21,784,-.; MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That Scott D. Leisinger and Lana J. Lei si nger,. each in his
<br />and her own right and as spouse of each other, Mortgagor, whether one or more, in consideration ofthe.sumof
<br />Twenty-seven Thousand Six Hundred and No/100--------------------------=---=-----DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 276 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,784 MGIC , do hereby grant, convey and •mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT TWENTY (20) IN BLOCK FIVE (5) IN
<br />VALLEY VIEW SUBDIVISION, IN THE NORTH
<br />ONE THOUSAND ONE HUNDRED THREE (1103.0)
<br />FEET OF THE -EAST HALF OF THE NORTHEAST
<br />QUARTER (E2NE4) OF SECTION TWENTY-TWO
<br />(22), TOWNSHIP'ELEVEN (11) NORTH, RANGE
<br />NINE (9) WEST OF THE 6TH P.M., IN HALL
<br />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 secured thereby before the same sliall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 27 , 600.00 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;
<br />'In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee sliall,
<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 sliall 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 payout 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 27. , 600.00 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 />wItli all the agreements and conditions of the Bond for S 27 600.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws o?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 Tile 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, sliall, 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 the amount due on said .
<br />bond, 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 said 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 thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />,Dated this Z day ofr,�,aiL A. D., 1975
<br />(' )
<br />.Scott D. Leisinger Lana J. Lei Inger
<br />STATE OF NEBRASKA, C ss. On this 22nd day of August 19 75 .,before me,
<br />COUNTY OF. HALL If
<br />the undersigned, a Notary Public. in and for said County, personally came
<br />.Scott D. Leisinger and Lana J. Leisinger, each in his and her own right and.as..spouse
<br />of each other, who are personally known to
<br />me to be the identical person S whose name S are affixed to.the above instrument as mortgagor S and . they se r Ily
<br />acknowledged the said instrument to be their voluntary act and deed. t
<br />Wl+'VE$S�m' L otarial Seal the date aforesaid.
<br />ES W
<br />D4� I�eMT10 es '
<br />State, of Nabma lm Notary Public
<br />3FZtN , µ f ;y:;p ntmission Expires
<br />�.._.:. Nove'mber.l2, 1975
<br />�'0`2
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