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<br /> MORTGAGE
<br /> MORTC,AGE LOAN NO. L '
<br /> � KNOW ALL MEN BY THESE PRESENTS:That hjdY'tl n �. �C2��2y dlld Kd'Ch Pyll L. Marti n, EdCh l il 117 5 dtld
<br /> her own right and as spouse of each other,
<br /> � ____Mortgagor,whethe�one or more,in consideration of the sum of ;
<br /> Thirty Thousand and No/100--=---------------- noLLA�s '
<br /> �; doaned tosaid mortgagorby The EquiLable Building and Loan Association of Crand Island,Netiraska,Mortgagee,upon �OQ shares of stock of'
<br /> sa9d ASS�CIATION,Certi�cate No. L 22�8Q1 ,do hereby grant, convey and mortgage unto the said ASSOCIATION tha following
<br /> described real estate,situated in Hall County,Netiraska: '
<br /> LOT NINETEEN (19) IN REUTING'S SECOND SUSDIVISION
<br /> Y, ;
<br /> BEING A PART OF THE SOUTHWEST QUARTER OF SECTION ' ,
<br /> TWENTY FOUR, TOWNSHIP ELEVEN NORTH, RANGE TEN VJEST �
<br /> OF THE 6TH P.M., HALL COUNTY, NEBRASKA.
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<br /> together with all the Yenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window sereens,
<br /> . �� window shades,blinds,sYorm windows,awnings,heating,air�conditioning,and plumbing and water equipment and accessoties thereto,pumps,stoves, �
<br /> f�� �� refrigerators,and othec£xtures.and.equipment now or hereafter attached to or used.in wnnectiun 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 sec qred t ereby before�the same shall become delinquent;tn furnish approved
<br /> �insurance upon the buitdings pn said premises situated in the sum of$3�����.U� peyable to said ASSOC1AT10N and to de6ver to said � .
<br /> ASSOC(ATION the policies For said insurance;and not to commit or permit any wxste on or xbout said premises;
<br /> In case of default in the�erformance of any of che te�ms and conditions of this martgage or the bond secured hereby,the mortgagee shall,
<br /> oa demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hareby assigns, transfers and sets over to the
<br /> mprtgagee all the rents,revenues and income to be derived frorn the mortgaged premises during such time as the mortgage indebtedness shall remain
<br /> unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br /> ` ' .�the same and collecting the rents,xevenues and income,and it.may pay out of said income al]�expenses�of repairing said prernises and necessary ��
<br /> � � . commissiuns and�expenses incurred in renting and managing ihe same�nd oC collecting rentals.[herefrom; the�balance remaining,�$�any,.to be �
<br /> } applied toward the 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,hqwever,are upon the Condition,Thst if the said Mortgagor shall repay 5aid toan on or before the maturity of said shares by.
<br /> �� �.�payment;pay monthly to said ASSpCIATION of the sum specified in the Bond secured hereby as interest and principal on said�loan,on oi before �
<br /> � the Twentieth day of each xnd every month,until said loan is Fully paid;pay sll taxes and assessments levied against said premises and�n this Mortgage
<br /> ( and the Bond secured thereby,before delinquency;fumish approved insurancc upon the buildings thereon in the sum of$ 3O�QOO.Q� payable
<br /> to said ASSOCIATION;repxy tp said ASSOCIATION upon demand all money by it paid for such taxes,assessn:ents and insurance with interest at
<br /> the maximum legal rate thereon from date of payment ali of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and compiy
<br /> ` $ with all t1�e agceements and conditiqns of the Bond t'or S3O OOO.00 «s day givzn by the said Mortgagor to said ASSOCIATIQN,and comply
<br /> with aU the requizements of the Constitution and By-Laws o�'said ASSOCIATTON;chen these presents shall become null and void,otherwise they
<br /> shall remain in fu(! force and may be forectosed at the option of the said ASSOCIATION after failure for thrce months to make any of said
<br /> paymenu or be three months in arrears in making said monthly payments,or to keep and comply with Uie agreements and condiiions of said Bond; '
<br /> . ��and Mortgagor agrees fo have a receiver appointed forkhwith in such foreclosure proceedings. . � � � ���
<br /> � . � [F i}�ere is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining�indebiedness hereby
<br /> secured shall,at fhe option of The Gquitable Building and Loan Association of Grand Island,Nebras4ca,6ecome immediaiely due and payable without
<br /> furthei notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the
<br /> date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy ilie amount due on said
<br /> bond;and any other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br /> Nebiaska for ins;xwnce,taxes and assessments,and abstracting extension charges, with interest thereon, from date of paymenx at the maximum
<br /> legal rate.
<br /> � � � � � As provided in.the Bond secured hereby,while this mortgage remains in effec[�tttie mortgagee may hereafter advance additional sums lo Lhe
<br /> � � ��makers of said Bond,their assigns or successocs in interest,whlch sums shall be wi[hin the security of this mortgage the same as the�funds origirtaUy - .
<br /> secured thereby,the total amouni of principal debt not to exceed at any t'vne the original amount of this mortgage.
<br /> Dd:ea in�s lst aar or September n:v.,i9 77
<br /> .L//.t�I� ('..L .�.f.�'.�r L . `-�^'� . . .
<br /> . G��yG(/c✓ 4��p�./
<br /> Mar�i:��ey Kathryn . Ke7 ey
<br /> , STATE OF NEBRASICA,�ss. On this 15't day of $2Pt2IT1�72Y' 19 �� ,beforo me, e
<br /> i COLNTY OF HALL � "'�
<br /> the undersigned,a Nozary Public in and for said Coun2y,personally came - k �„ .
<br /> Martin J. Kelley and Kathryn L. Kelley, each -in his and her own ri�,t and as �g�k8�,nta �� ,«' �A.,
<br /> eac ther, are �
<br /> e "cal pecson S �� whose.name S ��dY'0 affixed to the above instrument as mortgagor S and they severally . ` �+,
<br /> ' a�k+�SyuLdge,t}� instrument to be thej r voluntary act and deed. � ' d�'
<br />� ��" '"y�W[ SS my hand and Notarial Seai the date aforesaid. n � , �
<br /> ;: ����TfD'S�4RY��� �YC .. issionexpires �. .. . . 1 . . . . ���.
<br /> ' �'; Conn�r�ssiotv : � ��� �� i��� ��� 1�La..�..c�.,� �`
<br /> � EXFIRES ` � Not Public
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<br /> �'%F�OF hE�``��y,
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