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<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L 21,999 MGIC
<br /> KNOW ALL MEN BY THESE PRESENTS:That Robert W. Kensinger and Susan Kensinger, each in his and
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<br /> s s• her own right and as spouse of each other
<br /> Mortgagor,whether one or more,in consideration of the sum of
<br />'.t Thirty-four Thousand One Hundred and No/100 DOLLARS
<br /> 1�{,,;h;' loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 341shares of stock of
<br /> said ASSOCIATION,Certificate No.L 21,999 ,du hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br />.•':,k,;`S
<br /> described real estate,situated in Hall County,Nebraska:
<br /> t;:
<br /> LOT TEN (10), VIRDEN SUBDIVISION,
<br />, AN ADDITION TO THE CITY OF GRAND
<br />`'j, ISLAND, HALL COUNTY, NEBRASKA.
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<br />•.'•-; together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> j;1 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 /> 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 secured thereby before the same shall become delinquent;to furnish approved
<br /> insurance upon the buildings on said premises situated in the sum of S 34100.no payable to said ASSOCIATION and to deliver to said
<br /> - ASSOCIATION the policies for said insurance;and not to commit or permit'any wase 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 /> y 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 /> j-; 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 /> commissions and expenses incurred in renting and managing the same 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
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<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 /> z and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of S 34 100.00 payable
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance witn 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 /> r.�i with all the agreements and conditions of the Bond for S ••fi�ddn/ln�this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> with all the requirements of the Constitution and By-LawsG1'sbfnnd"A fiCIATION;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 /> ,y�i 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 /> further notice,and the amount remaining due under said bond,arid arty 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 /> P i 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,front date of payment at the maximum
<br /> legal rate.
<br /> r'' As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br /> K,'.: 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 /> secured thereby,the total amount of principal debt not to exceed at any time tire original amount of this mortgage.
<br /> ed this 25t day of February .Al).,19 76
<br /> fc, her W. ensinge Susan Kensinger I
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<br /> 1, STATE OF NEBRASKA, 25th Februaryis 76,before me,
<br /> 1:;. ss. On this day of
<br /> LA COUNTY OF HALL
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<br /> P,, the undersigned,a Notary Public in and for said County,personally came
<br /> T, Robert W. Kensinger and Susan Kensinger, each in his and her own
<br /> .q!,,. • ....-`.`"s., , who are personally known to
<br /> -, .n. ,is spouse of each other
<br /> �?a}ir j • - . .pylic.. .t rson s whose name S affixed to the above instrument as mortgagor S and they severally
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<br /> ,j ackjfowledgea' id i r!1 omens to be their voluntary act and deed.
<br /> "x•,. i 4. • t,;,t.tY WI�•N•f my hand and Notarial Seal the date aforesaid. 5\
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<br /> sir 4G �1b' , r otary Public
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