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<br /> �s-- �00916
<br /> MORTGAGE "
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<br /> MORTGAGE LOAN NO. L 23.008
<br /> : � KNOWALLMENBYTHESEPRESENTS:That Richard R. Kraning and Deloris V. Kraning, '
<br /> � each in his and her own right and as spouse of each other, `
<br /> � � Mortgagor,whether one or more,in consideration of the sum of S�
<br /> Fourteen Thousand Five Hundred and No/100----------------------------------- �LLA�zs
<br /> . loaned to said mortgagor by The Equitable Building and Luan Association of Crand Island,Nebraska,Mortgagee,upon 145 shares of stock of
<br /> seid ASSOCIATION,Certificate No.L 2$���8 ,do hereby grant, convey and mortgage unto the said ASSOCIATION the following �
<br /> . described�real estate,situated in Hall County,Nebraska:
<br /> THE NORTHERLY FORTY-FOUR (44) FEET OF LOTS ONE (1) '
<br /> � AND TW0 (2), IN FRACTIONAL BCOCK T,JO (2), OF GILBERT'S
<br /> ' ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA, BEING
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<br /> A RECTANGULAR TRACT OF GROUND HAVING AN EASTERLY FRONT-
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<br /> ; AGE OF FORTY-FOUR (44) FcET ON LINCOLN STREET IN SAID j ,%-
<br /> CITY, AND A DEPTH OF ONE HUNDRED FIVE AND SIX TENTHS
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<br /> " ; (105.6) FEET.
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<br /> . together with a11 the tenements,hereditaments and appurienances thereunto belonging,including attached Aoor coverings,all window screens,
<br /> window shades,btinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipmrnt and accessories thercto,pumps,stoves, t� '
<br /> ,.:� � refrigerators,and other Fixtures and equipment now or hereafter attached to or used in connection with said real estate. . z"��
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<br /> And whereas the said mortgagor hat agreed and does hereby agrce that the mortgagor shall and will pay all taxea and auessments levied or " ++
<br /> .� asussed upon said premises and upon this mortgage and the bond seGµr�d3(l5�eb,yObefore the same shall become delinquent:to furnish approved . �� r �er,�'
<br /> J . insurana upon the buildings on said premius situated in the sum of S I 4�bOD U payable to said ASSOCIATION and to deliver to said �� 'r`•=�a�
<br /> f1 � ASSOCIATION the policies for said insurance;and not to rnmmit or permit any waste on or about said premises; . r � � ��
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<br /> -S� � In cau 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 hemby assigns, transfers and sets over to�the � ��'�
<br /> .�� �. mortgagee all the rents,revenues and income to be derived from the mortgaged prertuses 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 ihe purpose of repairing eaid premises and rcnting '�'��
<br /> the same.and co0ecting the rents,revenues and income,and it ma � P g P ��, r 3,
<br /> p .�. y pay out of said income al( ex nxs oF re auin said nmises and nue
<br /> � . cortunissions and expenses incurred in renting and managing the same and of collecting rmtals therefrom; the balance remsining,if any,to be �
<br /> applud toward the ducharge of said mortgage indebtedneu;theu rights of the mortgagee may be exerciud at any time during the existence of such
<br /> default,irrespective of any temporary waiver of the same. � '�
<br /> j. These Preunts,however,are upon[he Condition,That if the said Mortgagor shall repay said loan on or beforc the msturity of said shazes by '
<br /> pp � 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 y
<br /> �� . � � the Twrntieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said pmmises and on[his Mortgage �
<br /> and the Bond securod thereby,before delinquency;furnuh approved insurance upon the buildings thereon in the sum of$ �4�5��.�Q payable
<br /> �to aaid ASSOCIATION;repay to said ASSOCIATION upon demend all money by it paid for such taxes,assessmrnts and insurance with interat at
<br /> ,� . .the maximum legal rate thereon from date of paymrnt all of which Mortgagor hereby agrees to pay;permit no waste on said premixs;keep and comply � �
<br /> � � with all the agreements end conditions of the Bond for S �Lj�rjQQ.QD this day given by the said Mortgagor to said ASSOCIATION,and eomply �
<br /> with all the requiremrnts of the Constitution and By-Laws of said ASSOCIATION; then theu preunts shall become null and wid,otherwise thry
<br /> .� shall remain�in full force and may be forecloud at the option of the said ASSOCIATION after failure for three months to make any of uid
<br /> . paymmts or be thrce months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond; �
<br /> � and Moctgagor agrees to have a receiver appointed forthwith in such forcclosure proceedings. � � � �
<br /> � � If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,thm the mtirc remaining indebtedness hereby �
<br /> 2 : � secured shall,at the option of The Equitable Building and L.oan Association of Grand lsland,Nebraska,bemme immedlately due and payable without �� �
<br /> , further notice,and the amount remaining due under said bond,and any other band for any additional advances made thereunder,shall,from[he
<br /> •�� � . date of exercise of said option,besr interest at the maximum legal rete,and this mortgage may then be forecloud to satisfy the amount due on said � -
<br /> a . bond,and any other bond for additional advances,togeiher with all sums paid by said The Equitabte Building and Loan Association of Grand Island,
<br /> .; � Nebraska for insurance,taxes and assessments,and abstrac4ng extrnsion charges, with interest thereon, From date of payment at the maximum
<br /> � . legal rata
<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 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 exaed at any time the original amount of this mortgage,
<br /> nat�a ct� 15th a8yor February n.n.,�978
<br /> /' . ' �i��i C..h�a �1� Al.. �p ���.
<br /> � Rich�ard R. Kraning � Deloris V. Kram ng
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<br /> ., STATE.OF.NEBRASKA. � on� 15th aa or February 78 -��"�
<br /> ��,G'0[JI7T'Y OF HALL.�. y 19 ,before me, r ',
<br /> ' �Ri cha rd R. Kr n i ng,and De 1 oris V. Kran i n � ��r' d,a No Publlc in and jo d Co persooall came �'
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<br /> 1 � of each ot�er, 9. eac� in'�i'i`s an�ier own rig�� an�"�a's spou�e J ��
<br /> � , .. who d Y'e penanally known to �"
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<br /> me to be tht idenUcal person S whoae name S dY`e afHxed to thc above 3nstrument as mortgegor S and they uKrBuy ��.,
<br /> �� acknowledged the ssid inrtrument to be thei 1' voluntary act and deed. //''�� ^,�� ,�
<br /> 9ENE W1t NOiARY��'S�iif� d and Notaiia!Seal the date aforesaid. �/��
<br /> p JAMES W,1�L6'OOImL+sio expires /
<br />�E �:MYComm.ExD.NoV.l2��1 - �. . � .
<br /> � . . � � � Notary Public ���
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