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7 105723
<br />WE
<br />MORTGAGE. LOAN NO, 24,907
<br />KNM ALLMENBYTHGSEpRESE.N`Y' ;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 me or metre, in of "seats of
<br />Sixty j undyed and no /100 ..................... _ - DOLLARS
<br />Wanted to talc assartsapar by The Equitable and (.can Association of Grand Island, Nebraska, Mori , upon 65 shares of elect of
<br />sairl ASSWATNOI. Certificate No. L 24,907 , do hereby grant, convey and nx)rtgW unto the said ASSOCIATION the f
<br />described wall estate, situated in flat] County, Nebraska:
<br />Lot Two (2), Coach Place Subdivision, Hall County, Nebraska
<br />together with all the tenements, heteditaments and appurtenances thereunto belonging, including attached Boor coverings, all window seminal,
<br />wow, mss, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and wxeswries thereto, pumps, mom,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whole= the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and asesannts levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shag Wcome delinquent; to furnish approved
<br />irrnmance upon the buildings on said premises situated in the sum of S 6 , 500.00 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 cue of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgare 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 />mortgW all the rents, revenues and income to be derived from the mortgaged premises during such titter as the mortgage indebtedness shall rennin
<br />unpaid; and the mortgagee sluff have the power to appoint any agent or agents it may desire for the purpose of repairing sad premises and rentbg
<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 />coarunissions and expenses incurred in renting and managing the sane 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 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 Suet secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of $ 6 , 500.00 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 maxim an legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premisss;keep and comply
<br />with all the agreements and conditions of the Bond for $ 6 , 500.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with ail the requirements of the Constitution and Bylaws of said ASSOCIATION; then these presents shall become mill and vole, otherwise they
<br />retain 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 malting said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />a�
<br />Mortgagor specs 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 />ssclasid shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska,become immediately due and pay" without
<br />fwther mice, and the amount remaining dote under said bond, and any other bond for any additional advances made thereluder, tshaB, from the
<br />date of exercise of said option, beat interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />boad,aral any other band for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Ndirails for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />lew rate.
<br />As provitled in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sutra to the
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the sane as the funds originally
<br />seared 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., 1987.
<br />Ro t F Riess ll`ttnd
<br />L ucille M. Rased.
<br />STATE OF NEBRASKA, ss.
<br />C(?llIVT°Y OF HALL
<br />On this 21st day of September 19 8 7 , before me,
<br />the undenigned, a Notary Public in and for said County, panotetly cants
<br />Robert F. Riessland and Loucille M. Riessland, each in his and
<br />her own right, and as spouse of each other,
<br />"1"a are poraraffykrwwnto
<br />mr tut be the PONW46 whose name s are affixed to the above instrument as mart or s and they severally
<br />acknowledgedellessid natrument tube their voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the dale sforessHd. ?
<br />My Commitment aapdass
<br />gol*4= as .r.. Notary Public.._._._..
<br />Java III,
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