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MORTGAGE
<br />MORTGAGE LOAN NO. L 24,711
<br />Peter J. Levering and Arleta J. Levering, each in
<br />his and her own right and as spouse of each other, Mortgagor, whether one or mote, in consideration of the am of
<br />TwentyTwo Thousand and no/ 100------------------------------------------ ------- DOLARS
<br />loured to said mtuWom by The Equitable Building and Wan Association of Grand Island, Nebraska, Mortgagee, upon 220 duuea of shod[ of
<br />said ASSOCIATION, Certifiate No. L 24,711 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real notate, situated in Hall County, Nebraska:
<br />Lot One (1), Levering Subdivision, in the City of Grand
<br />together with all the tenements, lereditarrents and appurtenances thereunto bclongmg, 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 />anessed upon said premises and upon this mortgage and the bond secured thereby before tire same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 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 awe of default in the perfornance 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, 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 indebtednew shall remrin
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it troy 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 necerary
<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 />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 shuts 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 />crud the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 22, 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 kgal rate thereon from date of payment all of which Mortgagor hereby agrees to pay: permit no ware on said premises; keep and comply
<br />with all the agreements and conditions of the Bond for S 22 , 000.00this 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 />shah remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make 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 that is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indeb•:.dtess hereby
<br />secured shaff, at the option of The Equitable Building and Unit Associations of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the arttocmt remaining due under said bond, and any other bond for any additional advances made thereunder. shad, from the
<br />daft 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 said
<br />bond,and any other Mond for additional advances, together with all sums paid by said The Equitable Budding and Loan Association of Grated Island,
<br />Nebraska for insurance, taxes and assessment&. and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />nrrcers of said Bond, their assigns or suceessots in Interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />hereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />-DdWL4hz �,171th day of December A. n.. 19 86
<br />STATE OF NEBRASKA,
<br />COUNTY OF IIALL u.
<br />December 19 nib , before rte,
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Peter J. Levering and Arleta J. Leverirtl„ .each in his and her own right ar:(11 as f use
<br />cl �,• who at -..> perxmally known to
<br />f
<br />each other,
<br />aim to he the identical person S whose ,tame o are affixed ne the above instrument 3s mortitagot and severally
<br />acknowledged the said instrument to be tl1tJ r' voluntary act and deed.
<br />WITNl titi my hand and Notaral So:al the date aforesaid.
<br />My t:cnrsranivaadon eRtnres� .r A _ _>
<br />N)(ary.IRihlir
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