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106046
<br />MORTGAGE
<br />MORTGAGF LOAN NO,L 24904 AML
<br />KWYWALLMENBYTHESFPRFSENTS :That Donald J. Leifeld, an unmarried person,
<br />Mortgatgor, whether one or awe, in wasideratiun of the a of
<br />FiftyFive Thousand n na 100 -------------------------------------------------------- I)OLIAM
<br />bated to said mortgagor by The 1squitable Budding and Loan Association of Gread Island, Nebraska, Mortgagee, upon 550 dam of "A of
<br />SW ASSOCIATION, Certificate No. L 24904 AKL, do hereby grant, convey and mortgage unto the acid ASSOCIATION the fallowing
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Thirteen (13) and the North Seventeen and Five Tenths (17.5) feet or. Lot Fifteen (15) in
<br />Block Nine (9) in University Place, an Addition to the city of Grand Island, Hall County,
<br />Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window 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 the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and ants levied or
<br />messed upon said premises and upon this mortgage and the bond secwgd I� e6y,(tefore the same deli become delinquent; to furnish approved
<br />instoance upon the buildings on said premises situated in the sum of $ S S + �V • Uv
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on Of payable ot said re �sSOCIATION and to deliver to said
<br />In ease of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgyee shill,
<br />on demand, be entitled to immediate possession of the mortgaged premises and t:ne mortgagor hereby assns, transfers and sets over to the
<br />mortggee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shag remain
<br />unpaid; and the mortgagee shill have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and rent
<br />the same and collecting the rents, revenues and income, and it may fay out of said income all expenses of repairing said promises and ncoisa ary
<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 tights of the mortgagee may be exercised at any time during the existence ot'sseh
<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 ban, on OF before
<br />the Twentieth day of each and every month, until said lean 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 $55 , 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 the agreements and conditions of the Bond for s 55, 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 />Fluid! remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to nuke any of said
<br />payments or be three months in arrears in snaking said monthly payments, or to ke-p and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreckmsure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by ask or otherwise, then the entire renaming indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,beeome immediately due and payable without
<br />fwther notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shelf, 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 sdd
<br />bortd,and any other bond for additional advances, together with all sums paid by said The Nuitable Building and Loan Association of Grant Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />lept rate.
<br />As ovided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />maven of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />flatedthg 23rd day of September A. D., 1987.
<br />Donald J.,OEeife d
<br />STATBOFNF®RASKA, ss. Onthis 23rd
<br />COUNTY OF HALL
<br />da y of September
<br />19 87 , before ens,
<br />Donald J. Leif.eld, an unmarried person,
<br />the undersigned, a Notary Public in and
<br />for sairl County, personally cam
<br />who
<br />i S personally known to
<br />am to be the identical person whose name is affixed to
<br />the abve instrurnent as inurtgagor
<br />and Ile severally
<br />acknowledged The mid instrument to be his voluntary act and
<br />decd.
<br />WITNESS my hand and Notarial Seal the date aforesaid.
<br />M y Commission expires "lll'f
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<br />Wilson at MARY-1111011 M MIIMI
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