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$5- 004638
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 24,4Q7
<br />gVOM ALL MEN BY THESE PRESENTS: That Kenneth D. Leetch and Mary J. Laet dt, htwband and wife;
<br />and Gail W. Leetch, a single person,
<br />Mortgagor, whether one or mac, a cwAWO Nfoa of the awn of
<br />Fifty One Thousand Seven Hundred Fifty and no /100— --- DOLLARS
<br />bared to odd Mrtpgor by Toss Egwtobh Budding and Loan Association of Grand Island, Nebraska, Mortgagee, upon 517 rtisses of Ito& of
<br />soil ASSOCIATION, Certificate No. L 24,407 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />The Westerly Forty Four Feet (W 44') cf Lot Four (4), in
<br />Block sixty Three (63), Original Town, city of Grand
<br />Island, Hall county, Nebraska.
<br />together with all the tenements, heteditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings. hating, air conditioning, and plumbing and water eguipmrnt and accessories thereto. pumps, stoves, ,
<br />refrigantors, 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 mortg*rrr shall and will lay all taxes and somm mats kskd or
<br />assessed upon said premises and upon this rnoRyge and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />assurance upw the buildings on said premises situated in the sum of S 51, 750.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance: and our to commit or permit any waste on or about said premises;
<br />to cane of default in the performance, of any of the terns and caditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />an 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 outcome to be derived from the mortgaged promises during such time as the mortgage indebtedness shall remain
<br />unpaid. and the mortgagee shall have the power to appoint any agent or amts it may desire for the purprne of repairing said promises and renting
<br />the am and eolveling the rents, revenues and incorue, and it may pay out of said income all expenses of fepaviing said promises and necessary
<br />conarraisse and expenses incurred in renting std managing the same alai of collecting rentals therefrom; the balance remaining, if any, to be
<br />--h-di—so the discharge of said matsw indebtedness; these rights of lbe mmigagee may be exercised a any time during the existence of milt
<br />snit, v es aive of any temporary waiver of the sane.
<br />These Presents, however, are upon the Condition. That if the said Mortgagor shall repay %aid loan on or before the maturity of said stares by
<br />payruemt; pay monthly to said ASSOCIATION of the sum specified in the Eons secured hereby as interest sad principal on said ksan, on or before
<br />the Tsrentiethday of each and every month, until said loan is fully paid; pay all
<br />taxes and assessrtenta levied against soot premises and on this Mortpre
<br />mail the Bond secured thereby, before delinnquency; furnish approved insurance upon the buildings thereon in the sum of S 51,750.00 payee
<br />to said ASSOCIATION-. repay to said ASSOCIATION upon demand all money
<br />ey by it laid for suLh taxes, assessments and im ance with interest at
<br />to mtalimum kgal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waseon said premises ;keep and comply
<br />wish an the apoenwata and conditions of the Bond for S 51, 750.00 this day given by the said Mortgagor to said ASSOCIATION, and comply,
<br />with all the requiramemts of the Constitution and By-laws of said ASSOCIATION; then these presents shall become mud std void, otherwise they
<br />shall rennin in full fart and nay be fwecbsed at the option of the said ASSOCIATION after failure for three maths to make any of said
<br />paysairm or be three months in arrears; is making said monthly payments, of to keep and comply with the agreements and condition of said Bad;
<br />sad Moopsox apses to lave a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any dame in ownership of the red estate rrmryaged herein. by ask or otherwise, them the entire rerg irdeMadoas hereby
<br />secured star. at the option of The Equutabk Building and loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />furtber notice, and the moouat remaiuins due under said bond, and any other Mud for any addithond advances made thereunder, shall, from the
<br />dde of extecise of said option. bear intereud at the matimtln Igo rate, and this mortgage may then be foreclosed to satisfy the aatotnt due on said
<br />bond,aad say other bond for additional advances, together with all suns paid by said The Equitable Bud"% and loan Association of Grad Island.
<br />Ittehsko foe ou nnthee, taxes and -ssssava U. and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />I*W me.
<br />As in the Bad secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional curs to the
<br />•makers of laid Board, their song" of scce mars in interest, winch suns shall be within the security of this mortgage the sane as the funds originally
<br />wcwed tleaeby, the vital amount of principal debt rut to exceed at any time the original amount of this mortgye.
<br />!)sued Ut4 9th des)' of Septaltber A.1)., 14
<br />k ;
<br />Gail W. tch
<br />•�
<br />b"CATfi (m' MMIASKA. On this 19th day of September 19 85 , befaa me,
<br />COUNTY ON HALL )
<br />the undersigned, a Notary Public in and for said County, personally nlaa
<br />Kenneth D. Leetch and Mary J. Ltoetch, hlsaba(xh anti wife, anti Gail W*wM) tch, a sit k�rr�n,
<br />:are mmw
<br />are loo be the identical pornrB whose name s are affintd io the alwvc mstrmteni ss i'n mgagor 8 andtIVy severally
<br />i
<br />ackouasrlelged tle raid Mstrutnenl man Ise their volommy act and dead.
<br />WITNFM ray hand and NoHagl fieal the dale sloresaai. /
<br />M ` � pooblic
<br />nanhaY a!� '�
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