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ss— 1004311
<br />MORTGAGE MORTGAGE LOAN NO. L 24,450
<br />KNOW ALL MEN BY THESE PRESENTS: not H. Richard Laschanzky, a single person,
<br />Mort, whether one or more, in consideration of the sum of
<br />TiAenty Two Thousand and no /100 --
<br />laausd to said morglsgor by The Equitable Building and Lon Association of Grand Island, Nebraska, Mortgagee, upon 220 of stock of
<br />said ASSOCIATION, Certificate No. L 24,450 , do hereby grant, compy and mortgage unto the said ASSOCIATION the fultowwng
<br />dmwr*W red estate, situated in Hall County, Nebraska:
<br />The North Three Hundred 'Twelve and Five Tenths Feet (312.5') of Lot One (1) in Fractional
<br />Section Eighteen (18), in Township Eleven (11) North, Range Nille (9), West of the 6th
<br />P.M., more particularly described as follows, to�t:it: Beginning at the Northwest (NW)
<br />corner of Fractional Section Eighteen (18), in Township Eleven (11) North, Range Nine (9),
<br />West of the 6th P.M., running thence East along and upon the North lime of said Fractional
<br />Section One Hundred Forty and Two Tenths Feet (140.2') to the Northeast (NE) corner of
<br />said Fractional Section, running thence South upon and along the East line of said
<br />Fractional Section Throe Hundred Twelve and Five Tenths Feet (312.51), running thence West
<br />parallel to the North line of said Fractional Section One Hundred Thirty -Eight Feet
<br />(138.0') to a point on the West line of said Fractional Section, running theme North along
<br />and upon the West line of said Fractional Section Three Hundred Twelve and Five Tenths
<br />Feet (312.5'), to the actual point of beginning, subject to one -half (�) of the county
<br />road to the West of said premises, in Hall County, 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, pmmps,stovn,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection wiih 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 atss menu kvied or
<br />assesed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />intstuance upon the buildings on said premises situated in the sum of $ 22, 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 rase of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shy,
<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, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said pttrntses and tenting
<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 neoesnry
<br />counnisions 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 rights of the mcrtgagee may be exercised at any time during the existence of such
<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 at said loan, on or before
<br />the Twentieth dry of each and every month, until said loan is fully paid; pay all taxes and rtsessnneuts levied against said premiss and on this Mortgage
<br />and the Bond secured thereby, before delinquency furnish approved insurance upon the buildings thereon in the aim of 5 22, 000.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insmanoe with interest at
<br />the maximum legal Fate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said pre rtsises; keep and comply
<br />with all the agreements and conditions of the Bond for $ 22 000.00 this day given by the aid Mortgagor to said ASSOCIATION, and own*
<br />with all the requirements of the Constitution and By-I.aws of aid ASSOCIATION; then tune 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 mate any of said
<br />payments or be three months in arrears in mating said monthly payments, or to keep and comply with the agreements and conditions of aid Bond;
<br />and Mortgagor agrees 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 />Famed shad, 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, shag, from the
<br />date of exercise of said option, bar 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 Ile Fpuitable Building and Loan Asaceiation of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />fegd rate.
<br />As provided its the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional nuts to the
<br />maters of sad Bond, their assigns OF successors in interest, which sums shall be within the security of this mortgage the amain as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original smoumt of this mortgage.
<br />Darted this 24 day of January
<br />A. D., 19 66
<br />STATE OF NEBRASKA, ss. On this 24th day of January 19 86 , before me,
<br />COUNTY OF }IAl 1,
<br />the undersigned, a Notary Public n and fo said County, petsonally came
<br />H. Richard Lascl- anzky, a single person,
<br />who 1,; personally known to
<br />rat to be the ndeuaical petaon whose name is affixed to the sbt)w instrument ax oxmpaftor
<br />acknowledIled the maid inrtrumemt �ur� ,be� 1!] Auntary act and deed
<br />tigTNF µe1fa11R1 l��lst' ltlir date afaresstd
<br />�-
<br />1y 1M tJe d[ I Ili1���
<br />and 110 severalty
<br />d.
<br />�,IMarl PItt1111
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