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MORTGAGE 86-102769
<br />MORTGAGE LOAN NO 1, 2d p4_ctg-----
<br />KNOW ALL MEN BY TMVSF That Gail W. Leetel"l, a single person,
<br />Mortgapot, whether one or more, in consid"ation of the sum of
<br />1WRty_K� _ThcusaW Five hurrtred and no/100 UARS
<br />k"M to said inortgagm by The Equitable Building and Loan Association of Grand Island Nebraska, Mortgage, upon 255 shares of stock of
<br />mid ASSOCIATION, Certificate No- L 24 0, 499 do tiereby giant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in flail County. Nebt*Aa!
<br />The Nortberly Sixty Feet (N60') of Wt Five (5),
<br />Block Eighty Sever, (87) of the Origi,--,al Town ,
<br />nag City of Grand islarxi, Hall County, Nebraska.
<br />together with all the tenements, here4tiatrients and jppurtertances thrFeurito 1w.longing, mc)udirig attached floor coverings, all window screens,
<br />And pliir
<br />windtM sluoJes, blinds, storm windows, awtuMs, hrattug—fir con4vttontng ribbing and water cqutpawal and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now t r hereafter attached to tir tised sit connection with said teal estate.
<br />And whereas the said mortgagor has agreed arod does hereby agree that the nKrtgagcri shall and will pay all taxes and assessments levied or
<br />assezied upon said premises and upon this mofigage and the Nnd wcured therebs, b-cfore ffic same shall become delinquent; to fumish approved
<br />insurance upon the buildings i-m said pfemoes iiivaied in the vdin of S 25, 5U0. OU payable to mid ASSOCIATION and to deliver to said
<br />ASSOCIATION the FwAicies for said insularicc. And not to corTill"111 of Permit any waste ern or about said ptemiws.
<br />In caw of default in the performance (4 any of live, U-MIS AnA CtAhlit%0111% of this inintgage or the bond secured hereby, the mortgagee shall,
<br />ori dentaind, be entitled io immediate fxnwmion of the fvw>rq",rd pfeir-mrs and the nitirtpgor hereby Assigns, transfers and sets over to the
<br />motippee all the tents, revenue- and income its be dc.tived froni the mortgaged tircintses during itich (Unc as the mortgage indebtedness shall retrain
<br />unpaid; and the mortgagee shall have the jx)rwrt to appotrint Any 4fent "It agents If (tray desire for the purpose of repairing said premises and renting
<br />the witic and collecting the rents. icvenucA and incotrie, and it may pay out of %aid income ail expenses of repairing said premises and necessary
<br />2
<br />o3mmisswas and expetra-s Incurred in enting and mailAging the s3tvw atkI 4 oollecting rentals therefrom-, the balance remaining, if any, to be
<br />applied toward the dachargr of said niortgage indctqcilricss: ttwir rights of 11w mortgagee may he exercised at any time during the existence of such
<br />default, irrespective of any ternporary waiver of the same,
<br />7
<br />Thm Presents, twi-wevri, ate u1stin the Conjawn. rhat if the %:Ard Mortgagor sitall repay loan on or before the maturity of said shares by
<br />payment; pay mont bly to said ASSOCIATION ,•f The sans 5pectfred in (hc fund W-cured 1&w(ch-y As interest and principal on said loan, on or before
<br />the Twentieth day of cash and every niiioth, until -;artt hiar-, is ftjj'lv pard: pay all taxes and assexssrsetris levied against said premms and on this Mortgage
<br />and the Bond segued thereby, beftne 4eiroquelicy, ht.-n1sh'#Ppfuvrd Insul-wice rif-it the butidir Ks thereon in the sum of S25,500 00 payable
<br />to said ASSOCIATION-, repay to said ASS(X'IAI'l0N, upot demand Al -quiticy by ft paid for such t3xin, assessments and insuranct with interest at
<br />the maximum legal rate thereori from date of 1myrnent all of whicirMorigapoi hereby agrees ttp t,.Qy, permit no waste on =W e inises. -k
<br />pt ccp and comply
<br />with all the agreements and conditirms of (he fUind fire 3 25, 50U. OU it,. dfay even t)v the and mortgagor to saki ASSOCIATION. and comply
<br />with &If the requitements of the (7sanstitution and Ry-I -aws of said ASSOCIAI ION. then *these presents shall become null and void, otherwise they
<br />shall remints in fun force and may be foreclowd At the uption of the said ASS(WIATION' after Ndun: for three months to make any of said
<br />payments of he three rotmitis in &treat,, ill Inaktug ""I niouOdy Paylt-Wrils, of to keep, and txkmpfy with the agreements and condit-ionsof"Bond;
<br />and Mortgagor apees to have a receiver aMmited ft.ir thwith in vxh lotechnurc pr,wccedinp
<br />If three is any change in ownership of the real c%fage rnuflgWd herein, by sak sit otherwise, then the entire remaining indebtedness hereby
<br />,
<br />secured ", at the option of -flic Uquitabie Budding And Loan Ai mi-ciation of i-'r3nd 1%hmd, Nebraska. become. tintnediately due and payable without
<br />further notice, and the amount remaintpr Jue un&-i said botid, and any other bond for any additional advances made thereunder, dall, from the
<br />date of exercise of uW optxm. hear intefc-si at thr MAXIMUM legs! rate, and this MWIPAP may then be foreclosed to satisfy the amount due on said
<br />boad,mad any othirt brand for additionai advaricm, together w th all sums paid by saul'Tht r-'quitable Budding and Loan Association of Grand Island,
<br />Mebruk's for insurzhv, taxes and "Wunwrits, And at-Aiacting extension chwgrs, with interest thefeqn, from date of payment at the maximurn
<br />kjW raw- i
<br />As provided in the Bond scvminj hereby, While this nuwpW fcMAPOS Qk WW the rm)rtgW-:-, f�my hereafter advance additional SUEM to the
<br />WAken of "A Bond. thew &U*M of succemms M interest, wttwh sulta shall be 'i thr security . of this mortgage the same as the funds originally
<br />WcWWd I the lotals �ot CPit"-MWspat debt not Ooe—� at an), lime the oviturial armiunt of this mortgage.
<br />the at trit"
<br />1 2rti May
<br />(A A- 1) , 11) 86
<br />1�4 R�-
<br />STAn� (W NVWASKA.
<br />C00M 4* HAI-1. O'n th;,- 221-" Jsy lit May 1486 before me.
<br />the w"cleosigned }a a Nitliary Pttbivc err and lot mid County. pemmally, cam
<br />personally kmrwn to
<br />WAP kt tv tht ide*tkok Fiefvt"i WtKw qJ11W S to 0'r JNvf 4rz%1"ut1W*V 4*. n-tortgagof *"J IC
<br />WA.W*w*40"V* the AAAJ ieed
<br />thy' d3otr storruAl
<br />; soft
<br />Erra
<br />r =1
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