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85 :: 002333
<br />MORTGAGE
<br />rMORTGAGE LOAN NO. L 24,361
<br />KNOW ALL MEN BY THESE PRESENTS: That Jay C. Lees and Louel la M. Lees, each in his and her
<br />oitm right and as spouse of each other, Montpgor, whether one or mom, in cun"Wittiat of the sum of
<br />Twenty Thamumd and M001100_ — - ---- DOLLARS
<br />lomced to said mortgagor by The Equitable Building and Loam Association of Grad island, Nebraska, Morlpeee, upon 200 ryas of S$N* Of
<br />dud ASSOCIATION, Certifeate No. 1. 24,361 , do hereby punt, convey and matpp two the said ASSOCIATION the fo6onrfng
<br />described red elate, situated in Hall Comity, Nebraska:
<br />The Southerly Sixty -One (61) Feet of Lot One (1), in Block Eleven
<br />(11), in Schimner's ADdition to the City of Gram Island, Hall County,
<br />Nebraska.
<br />to*rihor with all the tenements, heredttanents and appurtenances thereunto belonging, including attached flax coverings, all window somata,
<br />window shades, blinds, storm windows, awnings, heating, au condit mining, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and otter fixtures and equipment now or hereafter arached to or tied in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the nwitgaRor shall and will pay all taxes and essesmtents levied or
<br />anciard upon said premises and upon this rmrrtgage and the bond secured thereby hciore the same ,lull become delinquent. to furnish approved
<br />insurance again the buildings tin sad premises situated in the smun of f 20, 000.00 lay" to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the politics for Said msutance: and iwt to commit or Ixrrntt any waste on or about said premises;
<br />In mr of default in the performance of any of the terms and condim ms of this mortgage of the bond strewed hereby, the mortgseae shall,
<br />do demand, be entitled to immediate possession of the nwrtgaged premiscs acrd the mortgagor tr hereby assts, tnnsfens and sets over to the
<br />incirtplive all the rents, revenues and incorfe to he derived from ale mortgiced premises dui* such time as the mortgap indebtedness shall remain
<br />and the morigWe shall have the power at appoint any agcni or agents it may desire for the purpose of repairing mid pmmses and renting
<br />the since and collecting the rents, revenues and income, and it may pay out tit said income all expenses of rep sumo; said pareses and necessary
<br />cmmnimmm and expenses mourned tit renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of mid nnrtgage tndehtednes; them rights of the mnrtg*w may be exercised at any time during the existence of such
<br />default. irrespective tit any demporary waiver of the same
<br />Thew Presents, tutwever, ate upon the condition, I'list if the said Mortgagor shall repay said lean on or before the maturity of said shares by
<br />psymenf; gay romthly ui said ASSOCIA11ON iii the sum specified in the Maid secured hereby as interest and principal an Said Ioun, on or before
<br />the Twentieth day of each and every lath. until and hian is fully paid; lay all taxes and assessments kind against died premises and on this Montpp
<br />and the Brad Secured thereby, before delinquency furnish approved insurance upon the buddmgs Iheroon in the sum of S 20 ,000.00 pay"
<br />to mail ASSOCIATION; repay to sad ASSOCIATION upon demand all money by it pad for such taxes, amm rmsmts and enauance with interest at
<br />the marumum least rate thereon from date of payment aid of which Mofigaigor hereby gees to pay ;permit no wale on said rer ; k asp and
<br />Y
<br />wAh all the agreements and conditions of tide Boxed for $ 20 r000.00 this day given by the Sad MortPgQF 10 said ASSOCIATION, and comply
<br />with all the requiramentsof the Constitution and Bylaws of said ASSOCIATION; then these presents shall become null and void. otherwise they
<br />team in full fora and may he tixecimed at the option of the sad ASSOCIATION after failure for chute months to nice any of said
<br />payments or be three months in arrears in ntakutg said ninthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />And Mortgagor specs to have a receiver appointed forthwith in suit hxechrnrc ploccedm ict.
<br />If there A wry chatir in ownership of the reap estate mortgaged harem, by ask ter otherwise, then the entire remaining indebtedness hereby
<br />versed shall, at fie option of The Fquitabk Building and Loan Association of Cratd Island.Nebrataks.becume immediately due and psytdde with"
<br />further notice. and the amment re mg due trader sad bond, and any other bond for any additional advances muds thereunder, , from the
<br />Of excises of Wid Option. heat interest at the maximum legid fate, and this mortgage nay then be foreclosed to atid'y the amount due on aid
<br />bond, and any other lwo3 for additional advarucs, to then with all sumo paid by SAW The Equitable building and l sun Associates ooh Grand Island.
<br />Nebrasira for mmarance. taxes and stocamsents. and abstrwtin g cxtensa n charices. with interest thereon, from date of payment at the
<br />kvd masumarn
<br />8 .
<br />As farronded in the bond Secured herchy, while this moctPr remains in effect the moitgaire may hereafter advance additional sums to the
<br />of sind Bond. chen acrapts or swcrums in wiciest, wha.h surto Shall he within the sccwAy of this mxxtpgs the amt as the fonds
<br />Secured originally
<br />theirctry. the total airsomic of debt otit to c nmed at any tine the original amount of this
<br />Paco the 15th day Ott May A. o , ay b5
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