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<br />85--- 001657
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L.24,3a6
<br />KNOW ALL MEN BY THESE PRESENTS: That Dale L. Rief lin and Michel le Reif Lin, each in his and
<br />her 2y right and as use of each other, Mortm°r, whether oee or more, i° of the s� of
<br />F.i hteen Thousand Ei ht Hundred and � 100 ----� _
<br />kamed to said mort8stpor by The Equighk Building and Loan Association of Grand Island, Nebraska, M F Of NO ILS
<br />said ASSOCIATION, Certificate No. L 24,336 , do here °'Up°" 188 ahuaofatoekof
<br />deacnlW real estate, sittated in Hall County Nebraska: �O1' convey annul mortgage unto the said ASSOCIATION the frinowat6
<br />Lot Seven (7), in Block Six (6), in Spaulding and Gregg's
<br />Addition to the City of Grand Island, Hall County, Nebraska.
<br />togther with all the tenements, hereditaments and appurtenances thereunto belonging, including attuned floor coverings, all window ammus,
<br />window shades, bGrtds, storm windows, awnings, heating, air conditioning . and plumbing and water equipment and accessories thereto,ptunpt stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to Or used in connection with said real estate.
<br />n�sseAnd whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and win pay aE taxes and aunaments levied or
<br />d upon premises and upon this mortgage and the bond secured thereby before the same sftall become delinquent, to fumifh approved
<br />ASSOCIe a on the premises situated in the sum of E 1$ $00.00 payable to said ASSOCIATION and to deliver to said
<br />pdicies 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 mortgage or the bond secured hereby, the mortgagee 3W,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assns, transfers and sets over to the
<br />nnortpgee all the rents, revenues and income to be derived from the mortgaged premises during such time u the mortgage indebtedness drab rettrit
<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 />commission and expenses incurred in renting and managing the same and Of collecting rentals therefrom; the balance remaining, if any, to lot
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of atilt
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition. That it the said Mortgagor stall repay said loan on or before the maturity of said shares
<br />Payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby u interest and
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all lazes and primal or' slid �• on or before
<br />auildi gs tIs levied said premises and on Win Mortgage
<br />aril the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sutra of S
<br />to said imwn 99 rate thereon go said from datAS (if payment upon which demand all rrrorey by it paid for such taxes, assessments and 8iniauube 0ttr0itlr in at
<br />°F°W° payment a0 of which Mortgagor hereby agrees to
<br />with all the , PaY: Permit no waste on said premises keep and O°Y
<br />with all the aq requirements and the Constitution to the Bond For S 18 800.00this day given by the said Mortgagor to said ASSOCIATION, add comply
<br />rcn full force of the Cay be utron and By-laws of said ASSOCIATION. then these presents dab become null and void, otherwise they
<br />dull retrain in full force and may be C;reclosed at the option of the said ASSOCIATION after failure for three nrtomthu to mdse s ry of raid
<br />amf Mortgagor ac d e#nu' sent amiss tine cm�taf isrg:d mtaaEk3i -�xS ti -a� •eirsvts-
<br />gees to have a receiver appointed forthwith in suele foreclosure procecdirgs ' • � '
<br />If there is any change in ownership of the real estate nwnp ed herein, by sale OF otherwise, then the entire remaining indebtedness
<br />secured dub, at the option of The Equitable Building and Loan Association of Gruel Island, Nebraska, become immedately due and
<br />pily" without
<br />further notes, and the amOtmi retaining due wrier said bad, and any otter bond for any additional advances diat y d e and aluB, from the
<br />date of exercise of said option, bear interest at the maximum rtl and this mortgage may then be foredoaod to satisfy the amord dove on the
<br />bad, add any other bad for additional advances, t paid by said The I'gwtabk 8
<br />Nebraska for inanrarnee, taxes and assesarnents, and abstracting all sum � and Loan Associatpa of Grand [alma,
<br />I%W rate. changes. with interest thertxm, from date of payment at the nuxim m
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />maces of said Bowl, their assigns or successors in interest, which sums diall be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total annomt of Principal debt not to exceed at any time the original gi amount of this rnorta.
<br />Dated this 4#h day of
<br />April n. b., tit 85
<br />STATF OF NEBRASKA, f
<br />CIMfNiY Of., FfAld- s. f >n this 4th day of
<br />April tv 85 ,before me,
<br />Dale L. Rieflin and Mic1�11e Rieflin, each int his � terntowforigwxd County, perttrrallyewne
<br />fir' are g�lly"ctwtm�°
<br />ms to be the Wentnral Peruse as whose name B art, affixed to tice atxvw i /estrurrent es nmrtg�cr 3 aed h hr v nown o
<br />the said at t1 t
<br />u,. runw -f,l to M. r voluntary ace and deed.
<br />wITNUSS my hand and Notarial Seal the date ah,fesantl
<br />My 4'omrseswam extprea�y `J
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