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87-104204 MORTGAGE LOAN NO. - _1_-,.24 , H44 KNOW ALL MEN BYTIUSE PRUSF.NTS:That Kenneth D. Leetch and Mary J. Leetch, each in his and her own right and as spouse of each other Mortgage, wh Aber one or mere, is consideration of the ter= of ElevenThousand and NO/ 00 --- ---_____..___..----_.._______......----..-__...,_....-_......_,.__m..-- Issued to mid swelIpsor by The Equitable BMMNW and Lnan Associates of Grand Island, Nebraska, Mortgagee, upon 110 sharps of No* of said ASSOCIATION, Certificate No. L 24 r 844 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following described sag satatte, situNed its Hall County, Nebraska: Lot Seven (7), Block Four (4), in Rollin's Addition to the City of Crand Island, Hall County, Nebraska. together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens, window dudes, blinds, storm windows, awmM, [eating, air conditioning, and plumbing and water equipment and accessories thereto,putnln, stoves, refriWasitors, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate. And whereas the said mortpgor has agreed and does hereby agree that the mortgagor shall and will pay all cotes and assesrmeats levied or asseasa I upon said premwes and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved upon the buildings am sand premises darted in the sum of $ 1 1 , 000.00 payable to said ASSOCIATION and to deliver to said ASSOCIATION the pdleios for said insurance; and not to commit of permit any waste on or about said premises; in case of default m the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shelf, on demand, be entitled to i usediate possession of the mortgaged premises and the mortgagor hereby aaigns, transfers sod sets over to the mortppassc all the teats, revenues and income to be derived from the mortgaged premises during such time as the mor4w indebtedna n shag remain unpaid; and the munpW sod have the power to appoint any agent o agents it may desire for the purpose of repaiing said premises and seating 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 and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such sloes, ireapective of any temporary waiver of the same. These Presents, however, are upon the Condition, That if the said Mortgagor shall repay said loan on or before the maturity of mid shares by payment; pay monthly to said ASSOCIATION of the arm specified in the Bond secured hereby as interest and principal of said bah, on or before the Tvrentiethday of each and every month, until said Lan is fully paid; pay all taxes and assessments levied against said premises and on this MortPee and the Bond mewed thereby, before delinquency; furnish approved insurance upon the buildings thereon in the stun of $ 11 , 000.00 payable to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, armaments and insurance with interest at the maximum legal rate thereon from dale of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep and comply with all the agreements and conditions of the Bond for $ 11 000. 00 this day given by the said Mortgagor to said ASSOCIATION, and comply ply with all the requirements of the Constitution and By -Laws oesaid ASSOCIATION; then these presents shall become null and void, otherwise they doll remain it full force and nay be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said 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; and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings. If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby seared stall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraaka,become immediately des and payable without further notice, rail the amount remaining due under said bond, and any other band for any additional advances trade themunder, shall, fraa the daft of exercise of said option, bear interest at the maximum legal rate, and this mortgagee nay then be foreclosed to satiMy the arrant due an said bond, and any otter band for additional advances. together with all sums paid by said The Equitable Building and Loan Association of Grand Island, Nebraska for insurance, taxes and assessments, and abstracting; extension charges, with interest thereon, from date of payment at the ttaxim en Wd tame. As provided in the Bong secured hereby, while this mortgage remains in effect the mortgagee tiny hereafter advance additional suMS to the makers of said Bond, their assign or succemrs in interest, which sums shall be within the security of this mortgage the same as the funds originally mewed thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage. red this 10th y of July A. p., 1987 Q Mary J. a tcFt STATE OF NVWASKA, � U. On this 10 th day of July 1987 before me, COUN71t OF HALL Kenneth D. Leetch and Mary J. Leetch, each inht gu� eta ownyrt t'nsaan 3 e � other, who are personally known to we to be the silefflical person m whom nsme n a re affixed to the above inotu' e let as moll of s and they severally the instrument to he t gee i r vrdumtary act and decd. 1 l wITNM may hand and Noranial :tonal the date aforesaid. My Cotornown expiram 7 p <nb r er ah ! a L, ic