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<br /> 76- 000066
<br /> MORTGAGE
<br /> f:". MORTGAGE LOAN NO. L21978
<br /> j
<br /> En. KNOW ALL MEN BY THESE PRESENTS:That Michael P. Kully, a single person,
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<br /> Mortgagor,whether one or more.in consideration of the sum of
<br /> r Nineteen Thousand Nine Hundred and No/100 DOLLARS
<br />.0;
<br /> ri loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 199 shares of stock of
<br /> said ASSOCIATION,Certificate No.L 21978 ,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br />`-. described real estate,situated in Ilan County,Nebraska:
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<br /> LOT EIGHTY-FIVE (85) AND THE EASTERLY HALF OF
<br /> LOT EIGHTY-SIX (86) IN HAGGES' SUBDIVISION OF A
<br /> T'
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<br /> PART OF THE NE;NW; AND A PART OF NW;NE; OF
<br /> SECTION 28, TOWNSHIP 11 NORTH, RANGE 9 WEST
<br /> OF THE SIXTH P.M., IN HALL COUNTY, NEBRASKA.
<br /> s':
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<br /> ',: together with all the tenements,heteditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> window shades,blinds,storm windows,awnings,treating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> is
<br /> ,.: refrigerators,and other fixtures and equipment now or hereafter 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 bund secured thereby before the same shall become delinquent;to furnish approved
<br /> insurance upon the buildings on said premises situated in the sum of S19,900.00 payable to said ASSOCIATION and to deliver to said
<br /> ASSOCIATION the policies for 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,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 /> 1,, 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 sante and collecting 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 managing the sante and of collecting rentals therefrom;the balance remaining,if 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,however,are upon the Condition,That if the said Mortgagor shall repay said loan on 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 Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage
<br /> and the Bond secured thereby,before delinquency:furnish approved insurance upon the buildings thereon in the sum of S 19,900.00 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 /> 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 agreements and conditions of the Bond for S 19,900.00 this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> 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 frill force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br /> l' 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 /> and Mortgagor agrees to 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 hereby
<br /> secured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br /> i'lfurther 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 the 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 /> 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 sums shalt 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.
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<br /> i. Dated this 10th day of February iD.,19 76
<br /> r/ -�,d-ez:",f,
<br /> ichael P. Kully J
<br /> 6.7
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<br /> r' STATE OF NEBRASKA,
<br /> "4'• COUNTY OF HALL ss. On this 10th day of FEbrua ry 19 76 ,before me,
<br /> ,., the undersigned,a Notary Public in and for said County,personally came
<br /> i:.3„.:;.
<br /> , Michael P. Kully, a single person,
<br /> who j_S personally known to
<br /> ,. me to be the identical person whose name j S affixed to the above instrument as mortgagor and he sevofally
<br /> acknowledged the said instrument to be hi s voluntary act and deed.
<br /> WITNESS my hand and Notarial Seal the date aforesaid.
<br /> t,„
<br /> ' Ary Commission expiate
<br /> .7(g
<br /> GENERAL NOTARY•State of Nehr. �4A-J / Z, /. . .."7 / /\izia C3 Notary a
<br /> 3732 JAMES W.CL CL
<br /> R'?^i hi,Lisa.Ext..l,J .iiN
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