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87- 1057~2
<br />MfMTGAGE
<br />- MORTGAGE LOAN NO. L 24,906
<br />r, KNOW ALL MEN BYTHPSF.PRESFNTS:That Robert F. Riessland and Loucille M. Riessland, each in
<br />his and her own right, and as spouse of each other,
<br />Mortgagor, whether one w more, in consident of the sum of
<br />' Nineteen Thousand and no /100 ---------- ---- --------- -' °— -- — - - "" DOLLARS
<br />leaned to said modgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 190 shares of dock of
<br />aid ASSOCIATION, Certificate No. L 24,906 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hill County, Nebraska:
<br />Parcel I: The Easterly Forty —two (42) feet of Lot Eight (8), Block Twenty Nine (29), in
<br />Charles Wasmer's Addition to the City of Grand Island, Hall. County, Nebraska.
<br />Parcel 2: Lot Two (2), Coach Place Subdivision, Hall County, Nebraska.
<br />together with all the tenements, lereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window cedes, blinds, storm windows, awnings, heating, air conditioning, and plumbing and waterequipment 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 Resentments levied of
<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 the sum of S 19, 000.00 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 dull,
<br />on demand, be entitled to immediate possession of the nhortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortippe all the rents, revenues and income to be derived from the mortp rd premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mmlgagee 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 necamry
<br />crnrmnissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance 'ningI if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time dttrirg the existence of such
<br />default, irrespective of any temporary waiver of the sane.
<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 19 , 000.00 payable
<br />to said ASSOCIATION: repay to said ASSOCIATION upon demand all rmney by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of paymcnt 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 19 , 000.00 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 />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 foreclostue proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sak or otherwise, then the entire remaining indebtedness hereby
<br />secured sell, 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, call, 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 BiWiti g and Loan Association of Gratin 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 awns to the
<br />matters of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as lie finds 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 21st day of September A.D., 19 87
<br />o er
<br />/ - --- --
<br />Loucille M. Ries land
<br />STATE OF NEBRASKA, es. On this 21st day of September 1987 ,beforoma,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personalty came
<br />Robert F. Riessland and Loucille M. Riessland, each in his who are personally known to
<br />and her own right, and as spouse of each other,
<br />me to be the identical person s whose name s are affixed to the above instrument as mortgagor s and they severally
<br />acknowledged the said ismiument to be their voluntary act and deed.
<br />WITNESS my band and Notarial %cal the date aforesaid.
<br />MyCommisasoncipim ✓ %Y
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