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<br />86- 105575
<br />MORTGAGE
<br />1 MORTGAGE LOAN NO. 124,656
<br />KNOW ALL MEN BY THESE PRESENTS: Tin, 1�'iPenn Lesher and Ceceliahesher, each in his and her
<br />own right and as spouse of each other, Moappir. whether one or mom, in oon.idestation of do gigo of
<br />Fifty Thousand Jbur.H ndyed and no/ 100-------------------- ----- -- ---------------- DOL[.ARS
<br />band to slid mortgagor by The Equitable Building and [.can Amciatiar of Grand Idand, Nebraska, MortpW, upon 504 times of Moen of
<br />said ASSOCIATION, Certificate No. L24,656 , do hereby grant, convey and mortgW unto the said ASSOCIATION the fol utsing
<br />described real estate, situated in IUR County, Nebraska:
<br />Lot Seven (7), in Block Six (6) in "Country Club
<br />Subdivision ", being a part of the East One -Half of the
<br />Northwest Quarter (EiNW4) of Section Twenty Eight (28),
<br />Township Eleven (11) North, Range ?dine (9) West of the
<br />6th P.H., Hall County, Nebraska,
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging. including attached floor coverint all window screens,
<br />window shades, blinds, storm windows, awntnes, heating, air coindtwourrhg, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other textures and equipment now or hereafter attached to or rued in ainnectxm with said real estate.
<br />And whereas the and mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon sod ptcnmxs and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buddmgs on said prermaes situated in the sum of $ 50, 400.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to tomtit 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 segued hereby, the mortgagee Bail,
<br />on demand, he entitled to immediate possesitm of the mortgaged pre ruses and the murtMor hereby Assigns, transfers and sets over to the
<br />morelpWc all the tents, revenues and income to be dived from the mortgaged premises diving such time as the mortgage indebtedness shall tetoain
<br />unpaid; and the mtrtpgee shall have the power to appoint any agent or agents it may dean for the purpose of repairing said premises and renting
<br />the same and eollecinhg the rents, revenues and income, and it may pay out of said incite all expenses of m- Ailing said pro ses and necessary
<br />consantaKins and expemes mcwted in renting and managing, the same and of collecting rentals therefrom: the balance remaining, if any, to be
<br />applied toward Ow discharge of said mortgage mdcbtedneu: these rights of the mortgagee may be exercised at any time daring the existence of sncr
<br />default, mespectrte of any temporary waiver of the same.
<br />Their presents, however, ate upon the Condition, That if the said Mortgagor shall repay said loan an or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCI ATION of the sum specified in the fir +nd secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and ever v month, until said loan is fully lard; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured therebv. befute delinquency: furnish approved insurance upon the buildings thereon in the sum of S 50, 400.00 payable
<br />to sad ASSOCIATION: repay to said ASSOCIATION upon demand all money by it paid for such tax ", assessments and insurance with interest at
<br />the trartrmwn L7A rate theiwn 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 omdrrru of the Bcmd fir S 50 r 400. 00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -taws of said ASSOCIATION; then these presents shall becottte null and void, otherwise they
<br />t aG remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to matte any of said
<br />payments or be three ninths in arrears in arcking said monthly payments, of to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change m ownership of the neat estate mortgaged herein, by sale at otherwise, then the entire renainimft indebtedness hereby
<br />seared shy, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, beware immediately due and payable without
<br />forth er notice. and the amount remaining dux under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />dale 411' exercise (if said option, bear interest at the nraximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond, and my other bond for additional advances. together with all sums pistol by said The Equitable Building and Wan Association of Grand island,
<br />Nebraska for insurance, taxes and assessments, and abstracting exteruiom charges, with interest thereon, from date of payment at the masimurn
<br />illaw rage.
<br />As pruvhded in the Bond secured hereby, while this mortgage remains m effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bored, their assigns or stsccemurs in intetest, which sutras shall he within the security of this mortgage the same as the funds originally
<br />aared themby, the total amount of principal debt not to exceed at any tine the original arniunt of this rnoripp,
<br />POW this 1A dq of Qctober A. It , 11; 86
<br />ill � %' i•t._���7 � �.F. •�9`y./ '6 "��y�."
<br />STATE OF NEBRASKA. err On this 1st der of October
<br />C(XfNTY (* "I.I. Y 19 db .before one.
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Wrerin Lesher and Cei.elia Luther, each in his and her Urn ri.;ht an7 y spou „e of dC.Pi
<br />Other, wtH, are personaally rnirwm to
<br />arm to he the idtmt” peisim a whcrs name are affixed to tike adkrYe +nslrurrren as morgagot andt ney severally
<br />adtnuwkitiged the aid ntisiuument to he `hat i t' voluntary art std doed
<br />WIJWIF&S my hand and !+iwatai Seal the dart Atore"od
<br />s'=.x 'rr tl s :'`'nr'i" ti Notary f'ubiv
<br />rrbrs r ^^ _`. Y
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