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<br /> g4-1.100289
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. _L_.24,172 KNOW ALL MEN By T11ESLPRESENTS: Thal Donald J. T+E3if@1dp 8 Bing18 pBr8Cm
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<br /> Mortgagor, whether one or more. in txsrmideratiort of the sum of
<br /> - Pifty abasi~zand • and =4100- ~ - _ ~ - - DOLLARS
<br /> loaned to said rrrnrtpsor by The Equitable: Building and Loan Assmiation of Grand Island, Nebraska, Mortgagee, upon 500 shares of stock of
<br /> said ASSOCIATION, Cert4ricate No. L 24,177 . do hereby grant, convey and rrsortgage unto the said ASSOCIATION the following
<br /> described real estate, situated in Hall Gnunty. Nebraka:
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<br /> The Southerly Twenty--nine and Twenty-five Hundredths (29.25) feet of
<br /> Lot. Fifteen (15), Block Hide (9), university Place, an Addition to
<br /> the City of Grand Island, Ball County, Nebraska, together with the
<br /> North Half (Nk) of vacated Prospect Street lying South of and
<br /> Adjacent to the South line of said Lot Fifteen (15), Block Nine (9),
<br /> University Place, an Addition to the. City of Grand Island, Hall
<br /> County, lk?bra.ska.
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<br /> together with a.ll the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br /> window shades, hiinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br /> refrigerators, and other fixtures and Equipment now or heteafter 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 same shall become delinquent; to furnish approved
<br /> insurance upott the buildings on said premises situated in the sum of S 50, 000.00 payable to said ASSOCIATION and to deliver to said
<br /> ASSOCIATION the policies for said irururence; and n to commit or permit any waste on or about said premises;
<br /> In case of dcfai4t in the performance of any of Ole terms and conditions of this mortgage 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 thm mortgage indebtedness shill remain
<br /> unpaid; and the ntrrrtgagce 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 colb.:ct ing the rails, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br /> commissions and expenses incurred in renting and managing the :pun-. and of collecting rcntah therefrom; the balance remaining, If any. to be
<br /> applied toward ,he discharge of said mortgage indebtedness: these rights of the mortgagee may be exercised at any time during the existence of such
<br /> default, irrespective of any temporary waiver of the same,
<br /> These presents, howeurr, ate upon Oka Condition, That if the said Mortgagor shall repay said loan ort or before the maturity of said shares by
<br /> payment; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan. on or before
<br /> the Twcr.ieth day of each and every month, until said loafs is frilly paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br /> and the Bond %ucured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 50, 000.00 payable
<br /> to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br /> the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises: keep and comply
<br /> with all the agreerrnnts and conditions of the Bond for S 50 000.00 this day ghwn by the said Mortgagor to said ASSOCIATION, and comply.
<br /> with all the requirements of tLe Constitution and By4.aws of said ASSOCIATION; then these presents shall become: null and void, otherwise they
<br /> shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure .for three months to make any of said
<br /> payments or be three months in arrers in making said monthly payments, or to keep and comply with the agreements .rid conditions of said Bond;
<br /> and Mortgagor agrees to haves receiver appointed forthwith in such foreclosure proceedings.
<br /> If there is any change in owrwvsihip of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br /> secured 311211, at the option of The Equitable Building and Loan Association of Grand lsland,Nebraska,become immediately due and payable without
<br /> further notice, arid the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br /> dale of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br /> bond, and any other bond for additional advances, together with all stuns paid by said The Equitable Building and Loan Association of Grand Island.
<br /> Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon. from date of payment at the maximum
<br /> legal rate.
<br /> As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br /> makers of said Bond, their assigns or successors in interest, which suers shall be within the security of this mortgage the same as the funds originally
<br /> secured thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> Dated this 17th day of January A. D., 19 84
<br /> l7onalc~ J. lerf d
<br /> SPATE OF NEBRASKA, ~ ss. On this 17th day of January i9 84 . before me,
<br /> COUNTY OF IIALL
<br /> the undersigned. a Notary Public in and for said County, personally carne
<br /> Donald J. Leifeldi, a Single person, who personally known to
<br /> me to be the identical person whose name is affixed to the abouy inwumeni as mortgagor and he severally
<br /> acknowledged the said irutrument to be his voluntary act and deed. ^
<br /> WITNESS my land and Notarial Seat the date afmcmid.
<br /> My (74mitmission expires
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