MORTGAGE
<br />5-- 000408
<br />MORTGAGE LOAN NO. T.24,307 MGTr
<br />KNOW ALL MEN BYT IF.SE PRESFNTS: That Randy R. Riesland and Beverley A. Riesland, each in his
<br />ana her own right and as spouse of each other, Mortgagor, whether one or more, ir, corrsfderation of the sum of
<br />Thirty QM Tbn113aryj Pi f'tV and r1c.4100 COLLARS
<br />fined to said mortgatim by The Equitable Building and IA= Association of Grand Island, Nebraska, Monpgce, upon 310 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24,307 , do hereby grant, convey and mortgage unto the =0 ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Loot Nine (9), in Block Five (5), in Dale Roush Second
<br />Subdivision, Hall County, Nebraska.
<br />together with all the tenements, herci itarnents 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, puma, 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 sacra shall become delinquent: to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 31r 05U . UO 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 case of default in the performance of any of the terms and conditions of this mortgaga 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 rnongage indebtedness shall retrain
<br />and the mortgagee stall have the power to appoint any agent or agents it may desire for the purpnse of repaving said premises and renting
<br />the saw and collecting the rents, revenues and income, and it may pay out of said income ail expenses of repairing said prerni ics and necclizary
<br />commissions and expenses incurred in renting and managing the sane 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 he 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; lay monthly to said ASSOCIATION of the sum specified in the Bond secured Imicby as interest and principal on said loam, on or before
<br />the Twentieth day of each and every uronth, until said loan is fully paid; pay all taxes and assessments levied against said premises and an this Mortgage
<br />and the Bond cured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 31, 050.00 payable
<br />t0 ssid ASSOCIATION-. repay to said ASSOCIATION upon demand all in ntcy by it paid for such taxes, a re
<br />assessments and insurance with interest at
<br />he maximum k_�gal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises ;kccp and comply
<br />with all the agreements and conditions of the Bond for S 3 Ir 050.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requim ems of the Constitution and By -haws of said ASSOCIATION; then these presents shall laecone null and void, otherwise they
<br />remain in full force and allay be foreclosed at the option of the said ASSSOCIATION after failure for three maxtths 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 Rond;
<br />and Witigagm 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 , -Aiath, at tht option of'The N,quilable Building and limn Association of C.rand dstand,Nebragka,lmvenic imrnedutcly due and payable without
<br />further milice, and the amount remaining dim under said bond, and any other hand for any additional a mark thereunder. gun. from the
<br />date of cxcccim of saW option, tear interest at the maximum legal rate, and this nroitgar may then be foreclosed to satisfy the ansimatit due on skid
<br />arty other tnnd for atldnnrnal %dvamecs, together with ail suers paid by said 'fire liquitabte Building and Loan Association of Grand Island.
<br />Nebruka ffm imsmam. taxes and a3aegimerrii, and abstracting extension charges, with interest thalcon, front date of payment at the maximum
<br />logattate-
<br />As prrivided in the fiend secured hereby, while flits nxorlgage remains in effect the nnortgagee may hereafter advance additional suits to the
<br />makers of mid Boma9, their assigns ter iuccessors in interest, which sums shall he within tine security of this mortgage the sane as the funds originally
<br />seemed thereby, the total amount of hxincipal debt not to exceed at any time Ile ortginah amount of tills moil
<br />tomcod this 31st :day of January
<br />S"TATf OF NERRASKA, � ax. eta, this la of
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