|
�.. � �_
<br />� � �``
<br />=p .
<br /> _ _ . . ."�
<br />;M: � . �. .. .
<br />�':
<br /> f7� 000903 �
<br /> MORTGAGE
<br /> AfORTCAGG LOAN N0.� 22,552
<br /> t:HOWALLMENQYTHESEPRESENTS:That Mdi't711 J. Kelley and Kathryn L. Kelley, each in his and her
<br /> � own right and as spouse of each other, .
<br /> ; hfortgegor,whethu one or more,in considerstlon o(the sum of`
<br /> ` Twelve Thous�,nd Eight Hundred and No/100--------•---------------------------------��LA�
<br /> loaned lo said mongago�'�;'i he Equitable Building and Lusn Association of Crand Islsnd,Netiraska,hlortgagee,upon ZZH sharcs uf stock of
<br /> said ASSOCIATION,Cectificatc No.L 2Z,552 ,do hereby grnnt,cam�ey and mongsge unto the said ASSOClATION the lollowing_
<br /> described realtslate,situated in Hall County,Nt6raska:
<br /> ''. LOT TWENTY-SEVEN (27). IN WEST HEIGHTS
<br /> • 5 ADDITION TO THE CITY OF GRAND ISLAND,
<br /> � :�
<br /> HALL WUNTY, NEBRASKA.
<br /> .;:'; � �
<br /> ;
<br /> togetl�er wilh all lhe tenements,hereditaments and appurtenances thereunto belon�ing,including attached 11our rnrerings,all windmv scrrens,
<br /> : � window shades,blinds,storm windows,awnings,heating,air conditiuning,and plumbing and water equipmen�and accessuries tharcto,pumps,sto�•es,
<br /> relrigerarors,and olher fixtures and equipment now or hareafter attached to or used in connection H�ith:aid real estate.
<br /> ` And wheiras die said mortgagor has agreed and does 6ereby agrec that die mm�gagor shell and will pay all taxes and ssussments levied or
<br /> ' assesseJ upon mid pcemises and upon this mortgage and the bond secured therchy before the same shall become delinyuent;to furnisl�appruved
<br /> insurana upun the buildings on said pramises situated in tlte sum uf 5�Q�$QQ.QQ payable to said ASSOCIATION snd to deli�2r to said
<br /> „� ASSOCIATION the pulicies(�t said insurance;and not to mmmit o[permu anv waste un or a6out said premises;
<br /> In ca:e of default in the per(o�mance oCany of the cerms and conditions u(tlus murtgage m the bond secured hareby,the mortgagee shaU,
<br /> on demand,be entitled tu immediate pusxssion uf the mortgaged premises and the murtgagor hereby asagns, transFars and sets uver to the
<br /> mortgagee all the renu,cevenues anJ income to be deri�rod from the morteaged premisos during such time xs d�e mortgage indebtedness shnU mmain
<br /> unpaid;and the morlgagee sh�ll ha�ti the puwer to appoint any agent or�gems it may desire for tlie purpose of repairing saiJ premisos and renting -
<br /> ; the same and collecting the rents,revenues unJ income,and it may pay aut of said income xll expenses oP repairing stid premises and necessary
<br /> coinmissions and expenses incurred in renting and managing the same and of collecting rentals there(rom;the batance remaining,i(any,to br
<br /> applied toward the discha�ge of said mortgage indabtedness;theu rights of the mongagee may be exercised at any time during the txistencr oI such
<br /> default,irrcspective o(any temporary waiver aC the samc.
<br /> �
<br /> Theu Presents,howeti�er,are upon the Conditiun,That if lhe said Afoctgagor sitall repay said loan un or 6etorc[he maturity of said shaces by
<br /> payment:pay monthty to said ASSOCIATION of the sum specilied in the Bond securcd heroby as interest and pru�cipnl un said luan,un or befure . � .
<br /> ���:j the Twentiathdsy of each and erery month,until said luan is fully paid;pay all taxes and assessmenesleeied against zvid premises and on this hlongage � . .
<br /> and the Bond secured thereby,beCore delinquenc�•;furnish approved insurance upon the buildings d�ereon in the sum uf S 1Z�80�.�0 payabia
<br /> to s3id ASSOCIATlO:v:rcpay to said ASSOCIATION upon den�and sll money by it paid for surh tuxes,assessments and insurance with inarcst m
<br /> the maximum legal rale thercon from date oC payment all of w•hich Atortgagor hereby agrees tu pay;permit nu waste on said premises;keep and comply .
<br /> with all the a�aments and conditiuns of the Bond for S IZ,B�Q.00 this day givrn by the said�fortgugor to said ASSOCIATION,and a�mply
<br /> wilh all the mquuements ol Ihe Constitulion and Byd.aws uC said ASSOCIATION;then theu prexnts shall become nult and void,uthetwiu[hey �� �
<br /> shuil remain in Cull force and may be foreclosed a1 the uption of the s�id ASSOCIATIO\ after Cailure for thrce montlu to make any of said
<br /> payments or be three months in arrexrs in making said monthly paymrnts,or to keep and comply w�ilh the agreements and conditions of said Bond;
<br /> and Vorl�gor�gcees to Iuve a rcceivcr appuintcd(orthwith in such fo�eclosurc pwceedings
<br /> If there is any change in ou•nership o(the rcal estate moc�gaged hereh�,by sale or uthenvise,then the en[irt rrmaining indebtedneu hereby
<br /> serured shail,at the option uf The Equitable Building and Loan Anociation of Crand lsland,Nebraska,becume unmediatet;•due and payable without
<br /> turthcr nMicc,and the amowu remaining duc under said bond,and any�other bond for any additional advanres made thereunder,shall.Gom thc
<br /> date o(exercise of said option,bear interest at the maximum legal rate,and t6is mortgage nury then 6e foreclosad m satisfy the amount due on said
<br /> t' bonJ,and any other bonJ Cor additiunai advances,together with all sunu p�id by said The Equitable Building end Loan Aswciation o(Grand Isl;uid,
<br /> Nebraska lor insurance,taxes and asxssments,and nbstweting extension charges,�ti�ith inurcst theraon,trom date of payment st the nmximum
<br /> legal rate.
<br /> As provided in the BonJ:ewred hereby,while this mo[�gage remains in elfect tha muctgsgee may hereaCtet ad�artce additional sums w the
<br /> makers of said BonJ,their assigns ur successucs in interest,vvhich sums shall be H�ithin the security o(this mortgage thr same as the funds originally
<br /> secured thcreby,the total amount of principal debt not to exceod at any time the originul emount of this murtgage.
<br /> Dated this 23rd day of February n.o.,��77
<br /> � � � ='" _ / .;,
<br /> t�n�J. e -/��"�,�- Kathryn L. K lley �' �c
<br /> STA'fEOFNEHRASKA,�ss, Onthis 23rd dayof February �9�� ,be(oreme,
<br /> COUNTY OF I1ALL )
<br /> � the undqsigncd, otary Public in,a� or sai Coun!y,pe�sonally me �t �pk,'.
<br /> � Martin J. Kelley and Kathryn L,.`Kelley, each in his anc��er own rig�i� an�d as spouse o`� each
<br /> other �„ ':� Wn� °.are pecsonellyknownto �� i"'
<br /> � me to be the identical pe�wnS whose nam0 q"dPe a�Rxcd to the above instrumrnt as mongeggg and they savorally ,-.��
<br /> acknowledged the:aid instrument to be,th@7 P voluntaqr;aat and deed. �.. ,.
<br /> WITNGSS my handandNo LSc�1 tht da[daforFsaid. i
<br /> � / �.
<br /> My Commiuion expires�' � ���''� � Jn�'„_w� ���u� _
<br /> �.�`�- .���f1.,
<br /> �1�R� , Notnry Yublic
<br />*��� ._�.
<br />� � J
<br /> �
<br /> r;
<br />:�
<br />
|