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<br /> ,'y 76- 00,09.63
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<br /> ;{ MORTGAGE ,
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<br /> — V MORTGAGE LOAN N0. L MGIC
<br /> t"' KNOW ALL MEN BYTHESE PRESENTS;That Kevin J, Kirkland, a single person,
<br /> Mortgagor,whether one or more,in consideration of the sum of
<br /> ^ Eighteen Thousand Nine Hundred and No/100 DOLLARS
<br /> tss loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon .189 shares of stock of
<br /> • ,, , y grant,convey and mortgage unto the said ASSOCIATION the following
<br /> 's,., said ASSOCIATION,Certificate No.L 21 987-MGIC,do hereby
<br /> gk,` described real estate,situated in Hall County,Nebraska:
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<br /> �t^ LOT ONE (1), IN BLOCK NINETEEN (19), IN
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<br /> !,r BAKER'S ADDITION TO THE CITY OF GRAND ISLAND,
<br /> ib;'
<br /> is" HALL COUNTY, NEBRASKA.
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<br /> i r together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> y window shades,blinds,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 hereafter attached to or used in connection with said real estate.
<br />• ii 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 /> ga assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent;to furnish approved
<br /> 4; insurance upon the buildings on said premises situated in the sum of S18,900.00 payable to said ASSOCIATION and to deliver to said
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<br /> ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises;
<br /> J73. In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall,
<br /> w: 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 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,revenues and income,and it may pay out of said income all expenses of repairing said premises and necessary
<br /> i` commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom;the balance remaining,if any,to be
<br /> 1,„! applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such
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<br /> default,irrespective of any temporary waiver of the same.
<br /> 'y- These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturityof said shares by
<br /> 1:fee payment;pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said oan ,on or before
<br /> :;'i the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and an this Mortgage
<br /> Iff`• and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of S 18,900.00 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 /> I. 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 /> 4`^L''. with all the agreements and conditions of the Bond for s18,900.00 this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> etii with all the requirements of the Constitution and By•Laws 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 /> r,; payments or be three months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond;
<br /> 4-;- and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br /> Y'• If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby
<br /> gt. secured shall,at the option of The Equitable Building and Loan Association of Grand I sland,Nebraska,become immediately due and payable without
<br /> i.., further notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the
<br /> f-, date 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 /> 1� -_ 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 /> +'"' Nebraska for insurance,taxes and assessments,and abstracting extension charges,with interest thereon,from date of payment at the maximum
<br /> ;: legal rata
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<br /> 11`.., 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 sums shall be within the security of this mortgage the same as the funds originally
<br /> i secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> Dated this 16th day of February A.D.,19 76
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<br /> " Kevin I. Kirkland
<br /> € r' STATE OF NEBRASKA,
<br /> Op..: as. On this 16th day of February 19 76 ,before me,
<br /> COUNTY OF HALL)-
<br /> .-cs the undersigned,a Notary Public in and for said County,personally came_—
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<br /> - c..' 3. Kirkland, a single person,
<br /> tx ti i N FC`�s who j s personally known to
<br /> .,, ; is To• be:tire f$entTTal person whose name 1 S affixed to the above instrument as mortgagor and he senesaily
<br /> 'f. acknowledged the'Said instrument to be his voluntary act and deed.
<br /> 4.' q ' WITNESS my hand and Notarial Seal the date aforesaid.
<br /> 3x73.2 YF ,, MY Cortrmission expires
<br /> ��) I r
<br /> Notary Public
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