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<br />86- 107348
<br />MORTC."E
<br />MORTGAGE LOAN NO. L 24,695
<br />KNOW ALL MEN BY THESE PRESENTS: That Robert H. Lenners and Hildamae C. Lenners, each in
<br />his and her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the stem of
<br />Twenty flint, ThotrcandFwo hundred Fifty and no/ 140--- -_- --- - - ° ____ _______________=-DOERS
<br />breed to said mortwgor by The Equitable Building and Luan Association of Grand tdand, Nebraska, Mringallee, upon 292 shares of stock of
<br />mid ASSOCIATION, Certificate No. L 24,695 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />deaatbed mar estate, situated in Hall County, Nebraska:
<br />Lot Five (5 ), t-artir Subdivision to the City of Grand Island,
<br />Hall. County, Nebraska.
<br />ttisetherr 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 assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the sate shalt become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 29, 250 , 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 asst of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfer& and sets over to the
<br />mortpgee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness stall remtn
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<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 />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 rights of the mortgagee may be exercised at any time during the existence of such
<br />de_ fault, 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 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 Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 29, 250 .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;kftp and comply
<br />with all the agreements and conditions of the Bond for S 29, 250.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By4 -taws of said ASSOCIATION; then these 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 mike any of said
<br />payments or be three months in arrears in making said monthly payments, or 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 in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loam Association of Grand Island, Nebraska, become immediately dine and payable without
<br />further notice. and the amount remaining due under said bond, and any other bond for any additional advances nude thereunder, shalt, from the
<br />date of exercise of said option. bear interest at the maximum legal rate, and this mortgage may then be foredmied to satisfy the amount due on said
<br />bond, and may other bond for additional advances, together with all sums }said by said The Fquitable Building and Loan Association of Grand Island,
<br />Nebraska fix imtirance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />lewd rate.
<br />As provided in the Bond secured hereby, white this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />rakers of said Bond, their assigns or successors in interest, which sums shall he 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 />i$ U' day of December A. n 19 86
<br />Ll if 4
<br />z i n n g - - - - -- - - - - - --
<br />STATE(* NEBRASKA. U. On this 18t1t day of December 19 66 . before me,
<br />COUNTY OF HALL.
<br />the undersigned. a Notary Public in snd for said County, personally came
<br />Nabert H. Lenners a.nd Hliiamae C. Lenners, each In his and ;ier >w :wi &omatl
<br />t�ghl and l4y'�Ca9ovrn`,"
<br />me to her the 4"'f" person s whose "Arne s are sffixed to the above stwiumeat aii n "xtgagor and t.:• -- severally
<br />a ckn wlec�t the aril ursnrume "t to he "I". C' voluntan act and deed.
<br />wiT'dI`wS my hand anti %Martel Seal the hair. afotesaid.
<br />Sty t'cmzrnwu,n expiers IM
<br />ti7�tary t�t+lii
<br />wrs.asi 01 '
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