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<br />� 76- OU�3811
<br /> MORTCAGL
<br /> �fORTGAGI�LOAN N0. L ZZ.234
<br /> � KNOWALLAfGN13YTHLSL'PRGSIiNTS:That �erry L. Kincheloe and Marlena J. I:incheloe, each in
<br /> h15 and her OWII right dild d5 spause of each OtI12t'fifortgegor,whetheruneormore,inwnsideralionofthesumo(
<br /> Twenty-seven Thousand dlld NO/�OO---------------------'---"-"'-'-""'-""""" DOLLARS
<br /> loaned to suid mortgagur by The Gyuilable Duilding and Luan Association of Grand Island,Ne6raska,t�tortgagee,upun 2�� shares uC stock of
<br /> said ASSOCIATION,Certificate Nu.L 22 z3� ,do here6y grant,convey and mortgage umu die said ASSOI'lATIUN the following
<br /> descri6ed real estale,situated in 11a11 County,l�ebraska:
<br /> A TRACT OF LAND COMPRISING A PART OF LOT TY10 (2), OF GARRETT'S SUBDIVISION OF PART OF THE
<br /> EZ OF SECTION NINE (9), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M.,
<br /> HALL COUNTY, NEBRASKA, DESCRIBED AS FOLLOWS: fiEGINNING AT A POINT ON THE EAST LINE OF SAID
<br /> LOT TWO (2); SAID POINT BEING 205 FEET NORTH OF THE SOUTHEAST CORNER OF SAID LOT TWO (2)
<br /> THENCE RUNNING NORTHERLY ALONG THE EAST LINE OF SAID LOT TWO (2) A DISTANCE Of ONE HUNDRED
<br /> SIXTY SEVEN (167.0) FEET: THENCE RUNNING WESTERLY AND PARALLEL TO THE SOUTH LINE OF SAID
<br /> LOT TWO (2), A DISTANCE Of TWO HUNDRED SIXTY ONE (261) FEET: THENCE RUNNING SOUTHERLY AND
<br /> PARALLEL TO THE EAST LINE OF SAID LOT TlJO (2) A DISTANCE Of 167.0 FEET; THENCE RUNNING
<br /> EASTERLY A DISTANCE OF TWO HUNDRED SIXTY ONE (261) FEET TO THE POINT OF BEGINNING AND
<br /> '• CONTAINING 1.00 ACRE, MORE OR LESS.
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<br /> . tugether with all the tenemen�s,heredii;�ments and appunenances thereunto belnnging,including a[tached quur coverings,all window scmens, �
<br /> ' windox�shades,blinds,smrm u�inSuws,awnings,heatine,aie cundiiiuniny,and plumbing and wacer eyuipment and accessories thereto,pumps,sloves,
<br /> re(rigerawrs,and othe�fixtures and eyuipment nuw or herealter auaeheJ to m used in connection wiih sxiJ real estate.
<br /> # �. And wherees the s:�id mungagor has agreed and does hereby agrec�hat the mungagor shall and will pay all caxes and assessments levied or
<br /> assessed upun said premises and upon tt�is mortg�ge and thc bonJ secured thereby before�he same shall becomc delinqurnt:[o fucnish uppeoved
<br /> insurance upun thc buildings un said premises situated in the sum of S Z]�000.QQ p�yable tu said ASSOGATION snd to deliver to s:fid
<br /> ASSOCIATION the policics fur said insurance;�nd nut ro cummit or pennit sny waste on or about said premisas;
<br /> ' In case oC deCault in the per(ormancr of any of the terms and conditions of ihis mur[gs�e or the bond secured�iereby,the mortgagee shall, . .
<br /> q: - un demand,be eutilled tu immrdiale Ewssession of thz murtg3ged premises and the mmtg�gor hereby :+ssigns, transfers and sels uver to thc
<br /> � mortgagee all�he rents,revenues end income tu ba derived(rom the mortgaged premises during such tima a,t�:e murtgage indebtedness shall remain
<br /> 6 unpaid:�nd ihe mortgagee zhall havr die power to appuint any agant ur agents it may desirc tor the purpuse ot�epairing said premises and renting
<br /> '�� - thc s�me and collecting the rents,revenues an1 income,�nd it m�y puy uut of said income all ezpensrs uC repairing said premises and necessary . �
<br /> cummissions and expenses incurzed in reniing and managing the same and u(collec�ing rentals dizreirom; the 6alance remaining,if any,to be
<br /> ? applieJ to�card die disch�ige o(said mortg�ge indeb�ed��ess;these rights of the mortgagee map be exercised at any time durinK the existence of such
<br /> . dcl;�ult,irrespecti��e of�ny�empuran��caiver of Ihe s�me. .
<br /> �� 'fhese Prescnts,hu�cever,a�e upon the Cunditiun,'[hat i(�he s�id Vlortg�gor shall repaq said loan on m betore qm maturity u(said shares by
<br /> � pa��men�:pay munthly to s�id ASSOCIATIO\oC tl,c sum specilird in the Bond�ecured I:errb}'as interest and princip�l on s�id loan,on or befure
<br /> ihe T«�cntieih day uf cach and eve«�munth.until s�id luan is I'ully paid;pay all i�xes and assessmems levied ag�inst said premius und on this btor�gage
<br /> M . anu the Bord stcured thrre6y,belore delinyuenc��:iurni�h app�uved insurance upon the buildings thereun in the sum of S 27�00�.Q� payable � �
<br /> +�� � w said ASSO('IATIO\:repay w said ASSOCIATION upun dem�nd ali muney by it paid fur such taxes,assessmrnts and insuranca wrth interest at � �
<br /> i� the maximum Ir�aI rate thereon Irom date of eyment all o(whicl:pturt acor hercby a�rcrs tu ,�y:permit no wasee on said remises:kee and cum ly
<br /> b P' F 6 P' P P" P
<br /> � with all�he agreements and canditions ef the Bond(or 5 27��Q�.QQ tlus day given by the s�id�luetgagor to s�id ASSOCIATION,and comply -
<br /> with all the reyuirements uf�he Constitutiun and By�Laws of sa�d ASSOC'IATIO\;then these presents shall become nuil and void,ulherK�ise they
<br /> shall rent�in in lull(orcc and may be furcclouJ at thc optiun uf ihe said ASSOCIATION after failurc for [hree munths w make any uf said
<br /> �: FI8Yf111'ilU Uf bC I�1fCC IilO111V15 Ifl Bfll'JI}1(I O7:IIL111�!S:IIII p1JI71IlI)'�1�VI11CI115,Uf IU I�l'C�3I7O l'OfP.�IV K9Ul Illl'1�'ICBIpCIIIS BIILI l'OII(IIIIOPS U�SdIII UUOII.
<br /> aud�lorlgagur�gtees to hare a racei��rr appuinted funh���ith in such furedusurr p�uceedings.
<br /> II thcrc is any ch�ngr in uwncrship nf ihc real astatc murtgagcd herein,by salc or othen��ise,then the entice remaining indebtedness hereby
<br /> secured shall,at the optiun o(The I'.yui�able Uuilding�nd Loun Assnciation u(Gr.md Island,NebrasAa,become immediately due and payable without
<br /> j (urther notice,and ihe amount remaining duc wider said bond,and aiq�other bund fur any additional aJv�nces made ihereunder,shall,irum du
<br /> date of rxe�cise of said optiun,bear interesi at ihe ma�imum legal r�te,and this murtgege muy then be foreclosed to satisfy lhe amuunt due on said
<br /> � bond,and any oiher Uond fur�dditiunal advances,tu�ether with all sums paiJ by said The Gquitable Building and Luan Association o(Grand Island,
<br /> Nebraska for insurance,taxrs and assessments,and�bslrac�ing extension charges,with interest theraun, (rom date o(payment at the maximwn
<br /> legal rate.
<br /> .As provided in ihc Bund securcd hereb��,whilc this mortgage remains in eftect the mur�gagee rt�ay herea(ter advance additional sums ro the
<br /> ' makers o(s�id 8und,their assigns ur successors in inlerest,which sums shall be within tlie security oC this mmtgage the same as the Cunds originxlly
<br /> secwed thereby,dic tutal amount uf princip�l debt nut to excecd nt any time the uriginal amuunt of lhis mortgage.
<br /> - /� n���a a��� �. 7th ��Y�r July n.i>..�'� 76
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<br /> a: � erry' : Kincbeloe Ma lena J. �i e oe
<br /> STATE OF NCBItASRA,
<br /> COUNTY OF IfALL}ss. On this ]th day of July 14 ](,be(ore me,
<br /> the undersiRned,a Notar�Yublic in and Cor said Cuunty,personally c:�me � .. '�:i,�
<br /> Jerry L. Kincheloe and Marlena J. Kincheloe, each in his and �er own right and as spouse �N ;;
<br /> L Of OdCh other ���10 are Persunally known to y�' :
<br /> me to be the iJentical pe�son g whuse name s a re �«�xed to the above instrwnent as mortgagor 5 �nd they severally ;�:,,
<br /> acknowlcdged the raid instrument to be thei r voluntary aci and decd. ' � "- � ` :
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<br />,� _._ 11i7 N(SS my hanJ and Kotariel Seal lhe date afuresaid. j .
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