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<br />01024 j 9 JeErl isher, Registe:� Of Deeds..,,
<br />MORTGAGE - Hall Couil�y,. Nebraska.
<br />MORTGAGE LOAN NO. L 21 847
<br />KNOW ALL MEN BY THESE PRESENTS: That
<br />Donal d J. Leifeld, a single person,
<br />Mortgagor, whether one or more, in consideration of the sum of
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<br />Twenty Thousand and No/100 DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 200 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 847 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in -Hall County, Nebraska: -
<br />LOT TWO (2) ISLAND ACRES NUMBER SIX (6), A REPLAT
<br />OF LOTS NINETEEN (19) AND TWENTY (20), ISLAND ACRES
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA,.
<br />together with all the tenements, liereditaments and applirtenances thereunto belonging,'incAuding attached floor coverings, ail window screens,
<br />windbw 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, tile said mortgagor has agreed and does hereby agree that the mortgago'r '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 shall become delinquent; to furnish approved.
<br />insurance upon the buildings on said premises situated in tile sum of S20 Obo o payable to said ASSOCIATION and I to deliver to said,
<br />ASSOCIATION the policies for said insurance; and not to. commit or permft any �vasyle on or about said premises;.
<br />In case of default in tile 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 m6r.tgagor hereby assignsi 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 tile 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 ofsuch:
<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 Twe ' ritieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgag�
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the *Sum of S 20 , 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 tile agreements and conditions of the Bond for S 20 NO thi . s day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws o0sa I 98CIATION; then these presents shall become null and void, otherwise they,
<br />shall remain in full force and'may be foreclosed at tile option of the said ASSOCIATION after failure for three months -to make ally of said
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with the agreements and condi(ions 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 tile 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 IsIzild, Nebraska, become immediately due and payable without
<br />further notice, and tile amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from tile
<br />date of exercise of '.said option, bear interest at the maximum legal rate, and, this mortgage 'may. the n 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 Tile Equitable Building and Loan Association of Grand Island,
<br />Nebraska for instf6rice, taxes and assessments, and abstracting extension charges, with 'interest thercon, from date of payment at tile 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 th : e
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within tile:, security of this mortgage the same as tile funds originall . y
<br />secured thereby, the total amount of principal debt not to exceed at any time the originaliamount of this mortgage.
<br />Dated this 8th day of October A. I)., 19 7 5
<br />-w
<br />Donald T. Lei fel'd
<br />STATE OF NEBRASKA, ss On this 8th day of October 1975 beforeme,
<br />COUNTY OF HALL
<br />Donald J. Lei. . feld, a single person the undersigned, a Notary Public in and for said County, personally came
<br />who is personally known to
<br />me to ii�i erson whose name is affixed to the above instrument as mortgagor and
<br />;.1 Cj, he -se-Ver-filly-
<br />a Wle ment to be - his voluntary act and deed.
<br />ged'd sai
<br />ES y hand and Notarial Seal the date aforesaid.
<br />6mr(ii 'on expires
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<br />(11 Cl -.�4
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