Laserfiche WebLink
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 <br />CfblNTY r►6 UALt. it il. y IU ur rar <br />7,�rtur�ty 85 .fe, <br />the ❑ ileisttued, a Notary Pnbhc its anti for raid Counly, peistuallycame ? <br />RaWy l2. Riesland am Lcverlf.'.y A. 12i< Nl ult1, each in Iiis ousel hvx' ()Mi r,.tie W ��a1 �7t <br />wim leariy <br />n to <br />f,t e3ac;h cAIaL -x , <br />ne to be the identtcal rmfum t§ whiow omtt+e ;a ;11:V effused 1+, Ilia^ al,,.s�r� uislrunienl ar ot+. >rie,aµot and Uyf y sevvialiv b` <br />mkwmiedned the Raid inStrutiNni t,. 1w t.lx -' dt:' oolunlaiy .act and .1 =w,l <br />Wl UNINS tray hand ,tne1 AdoeanA Sral Fitt. dale aleon� col <br />1 <br />�:a -taa as N [Re "fit faly r "slits, <br />JiQrMM� 0. I <br />W f711�1i �I h1Mts 7I 11 ' <br />