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<br /> MORTGAGE
<br /> MORTGAGE LOAN N0. L GG�/4U
<br /> � KNOWALLMENBYTHESBPRESENTS:That �011d�d R. Kutschkau and Edna Lee Kutschkau, 2dCh
<br /> � in his and her own right and as spause of each other
<br /> lviortgagor,whethei one or more,in consideration of the sum of
<br /> ; ' Nineteen Thousand and No/100------------------------------------------------------vo[.tntts ", ;
<br /> 'k loaned to said mortgagor by The Equitable Building and Loan Association of Grand lsland,Nebraska,Mortgagee,upon 190 shares of stock oF'
<br /> � said ASSOCIAT'ION, Certificate No. L 22,�4� ,do hercby grant, condey and mortgage unto the said ASSOCIATION the foitowing
<br /> described �eal estate,situated in Hall County,Nebraska:
<br /> LOT TWO HUNDRED FIFTY SEVEN (257�, EXCEPTIi�G
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<br /> ,THE SOUTHERLY FIVE (5) FEET TNEREOF, IN WEST LAWN,
<br /> AN ADDITION T0 THE CITY OF GRAND ISLAND, HALL
<br /> ' � COUNTY, NEBRASKA.
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<br /> . �� together with all the tene�nents,hereditaments and appurtenxnces thereunto belonging,including at[ached floor coverings.,all.window screens,�
<br /> winJow�shades,blinds,sYorm winduws,awnings,heating,air conditioning,and plumbing and water equipment and aceessories[hereto,pumps,stoves, ��
<br /> % refrigerators,aad o[her fixtures and equipment now or hereaftet attached to or used in connection wi[h said real estate.
<br /> 1 � � � �And'whereas the said mortgagor hxs.agreed and does hereby agree [hat the mortgagor shall and will pay all taxes and assessments Ievied br
<br /> i 2ssessed upon said premises and upon this mortgage a��d the bond secured thereby before the same sltall become delinquent.ro furnish approved
<br /> insurance upon the buildiirgs on said premises situated in the sum of$j 9,���.�� payable to said ASSOCIATION and to deliver to said
<br /> � � ASSOCIAT[ON the policies fot 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,tlie mortgagee shall, �
<br /> � � �on demand,be entitled to immediate possession ot the mortgaged prernises and the mortgagor hereby assigns, [ransfers and sets over to the
<br /> � �mortgagee.all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br /> � unpaid;and Uie 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 coliecting the rents,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 manxging the same and of collecxing ren[als therefrom; the batance remaining,if any,to�be
<br /> � � � � applied toward the discharge of said mortgage indebtedness;these rigFus pf thz moctgagee may be exercised at any time during[he existence of such
<br /> ' default,irrespective of any temporary waiver of the same.
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<br /> d,�� � � � �These Presents,however,are upon the Condition,That if the said Murtgagor shall repay said loan on or before the maturity of said shares by. �.
<br /> '� � . � payment;pay monchly[o said ASSOCIATION of the surn specified in the Bond secured hereby as interest and principal on said loan,on or before�
<br /> a� � � ��[he Twentieth day of each and every month,un[il said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage �
<br /> x � � and[he Bond secured[hereby,beCore�delinquency;fumish approved insucance upon[he buildings thereon in the sum of.� 1 g�OOO.00 � payable ..
<br /> . to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insuzance with interest at�
<br /> � the�maxinwm legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keap and comply
<br /> wiNi ail the agreements and conditions of the Bond for$ 19����.OO lhis day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> � � .. with.all the raqnirements uf the Constitution and By-Laws of said ASSOCIATlGN;then these presents shall become null and void,otherwise.they
<br /> � shall�.remain in (uq force and may be fareclosed at the option of the said ASSOCIATION after failure for three months m�make any of said � -
<br /> paymenls or be three months in arrears in making sxid rnonthly payments,or to keep and comply wi[h the agreements and conditions of said Bond; �
<br /> � and Mortgagor agrees[o have a receiver appointed.forthwith in such foreclosure proceedings. � .
<br /> � � � If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise, then the entire remaining indebtedness heroby� �
<br /> secured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br /> � � further notice, and the amount cemaining due under said bond,and any other bond fo�an,y�dditional advances made thereunder,shali,from the .
<br /> date of exercis:,of said option,bear interest at the rnaximum 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 sums puid by said The Equitabie Building and Loan Association of Grand Island, � .
<br /> Nebraslca 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 m�rtgage remains in effect the mortgagee may hereafter advance additional sums to Yhe .
<br /> � �. maken of said Bond,their assigns or suc:c:essors m interest,which sums shall be within the security of this mortgage the same as[he funds originally
<br /> +� � -� secured thereby,the total amount of principal debt not�to exceed at any time the original amount of this mortgage. . ..
<br /> " nacea r.t� 12th day of �U�y A.D.>i977
<br /> n � �
<br /> dna Lee Ku schka
<br /> STATE OF NEBRASKA,l �. On this 12 th day of J U 1 y 19�7 ,before me,
<br /> COUNTY OF HALL� � �
<br /> � the undersi ned,a Nota Public in and for said County,personallycame ;�_"'�" v�'t�,� .
<br /> Donald (�, Kutschkau and Edna Lee Kutschkau, each in �is and ryher own right and as spouse .•,
<br /> . . � who dl"e personally known to. � �• � ��
<br /> of each otlier � �*�
<br /> �,�� ��� � � '�'��
<br /> � rson 5 ' whose name S ape affixed to the above instrument as mortgagorS and they severally �,,.d-
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<br /> w � d�i1� ent to be thEl P volunfary act and deed. `s�,j
<br /> ��� R'�'� my hand and Notarial Sea]the date aforesaid. n� . �
<br /> �.� �f.pTARV My�o ssion exp'ves � �1�}f' ��3. �Gi�:� . '� . �. � �
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<br /> EXP7R£S U tary Public
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