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87_.104149
<br />MORTGAGE
<br />MORTGAGE- LOAN NO. — L 24843
<br />KNOW ALL MEN BY7111 • -SF.PRF.SENTS:That Ronald L. Reiser and Linda K. Reiser, each in his and
<br />her own right and as spouse of each other.,
<br />Mortgagor. whether one or more, in consitlerstion of the am of
<br />Forty Seven Thousand Five hundred and _ 00/ 00 ------- --------------------------------
<br />DOLLARS
<br />dried to said mortgagor by The Equitable Building and loan Association of Grand Island, Nebraska, Mortgagee, upon 475 sharq of sock of
<br />said AsswAT oN, certificate No_ L 24843 , do hereby grant, convey and mortgage lotto the ASSOCIATION the following
<br />real estate, situated in Hall County, Nebraska:
<br />Lot Twenty -Four (24), LeHeights Fourth Subdivision, Hall County,
<br />Nebraska, being part of the East Half of the Northwest Quarter
<br />(E4NWk) of Section Eleven (11), Township Eleven (11) North,
<br />Range Ten (10) West of the 6TH P.M., Hall County, Nebraska.
<br />togsMlser with all the tenements, heredilaments and appurtenances thereunto belonging, including attached floor covers, all window screens,
<br />window sues, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto,puln"'stovea,
<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 fay all taxes and arssmnents levied or
<br />assessed Win slid premises and upon this mortgage and the bond secwed thereby before the same shall become delinquent; to furnish approved
<br />aisimmov upon the buildings on said premises situated in the sum of S 4 7 , 500 . UO payable to said ASSOCIATION and to deliver to aid
<br />ASSOCIATION the policies for said insurance: and not to �xhmmit or permit any waste on or about said premises;
<br />In caw of default in the performance of any of the terns and conditions of this mortgage or the bond secured hereby, the mortgages 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, reventxa and income to be derived from the mortgaged premises durinsg such time as the mortgage indebtedness sell remain
<br />impaid; and the mortgagee salt have the power to appoint any agent or dents it may desire for the purpose of reps" said pro mses and visiting
<br />the sum and oollectirg the rents, revenues and uscume, and it may ray out of said income all expenses of repairing sand necessary
<br />Pprasi�a asid
<br />ammissions and expenses ita-nrred in renting and managing the same and of opdkctireg rentals therefrom; the balance rerraming, if any, to be
<br />toward the discharge of and morippir mclebtedoess; these rights of the moripre may be exercised at any time dwmg the existence of etch
<br />YataWi. irrespective of any temporary waiver of the mme-
<br />Thew Presents, however, are upon the Comdition, That if the said Mortgagor shall repay said loan on or before the maturity of said saints by
<br />payrsient; pay monthly to said ASSOCIATION of the sum specified to the Bond secured hereby as interest and principal on said toast, on or before
<br />the Twentieth day of each and every month, until said lean is fully lad; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the goad secured thereby, before delinquency. fonish approved insurance upon the buildings thereon in the sum of s4 7, 500.00 able
<br />to said ASSOCIATION; repay to all ASSOCIATION upon demand all money by it pad for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Modgatior hereby agrees to pay; permit no waste on said premises;keep and comtply
<br />with all the agreements and conditions of the Bond for s 4 7 , 500.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<br />sad remain in full forte and may be foreclosed at the opium of the said ASSOCIATION after failure for three months to mate 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 gees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />It there is any change in ownership of the real estate mortgaged herein, by ak or otherwise, then the entire remaining indebtedness hereby
<br />secured sue, at the option of The Equitable Buddnag and Loan Association of Grand Island, Nebraska. become immediately due and payable without
<br />ftrdm no twe, and the amount remaining due under said bond, and any other bad for any additional advances trade thereunder, dab, from the
<br />dtle of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due ost add
<br />bond, and any other bad for additional advatces, Nether with all worm paid by said The Equitable Building and Ltarn Association of Grand Island,
<br />Nebraska for insurasim. taxes said assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />IaBd tae.
<br />As ri
<br />in the Bond secured hereby, while this mortgage remains in effect the mortgagee my hereafter advance additional snma to the
<br />emMters said Bond, their assns or succesaws in interest, which sums shall be within the security of this mortgage the same as the fords originally
<br />thereby, the total amount of principal debt not to exceed at any time the original amount of this modes.
<br />* 13th day of July A. n., 1987
<br />n i. a e
<br />Arl
<br />Linda K. Reiser
<br />STATE OF N1111111tAVA. a. On this 13th dal
<br />COUNTY OF HA1d, � Y of July 1987 before tote,
<br />the unokrsigned, a Notary Public in and for all County, personally coma
<br />Ronald L. Reiser and Linda R. Reiser, each in his and her own righwho are personally known to
<br />bf&es p, f ejch o er s are
<br />affixffid to the above rat as MDrtglW s and they severaFlpr
<br />selinvarlaillted t to tae+ vt y sect and _he
<br />WITS may hand mW Newasial Seat the aforesaid
<br />WyC "met v
<br />AV �
<br />ramm tai
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