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in oo
<br />Fi ed= fo recon . �" Parma:=.
<br />of Je Fishar, Register of Deedt3,; .
<br />MORTGAGE - $all COLitty, ilebraeka
<br />MORTGAGE LOAN.NO. . L 21,581 MGIC
<br />OKNOW ALL MEN BY THESE PRESENTS: That Robert W. Kensi nger -and Susan Ker nger a, each l.n h1:S and
<br />' . her own right and as spouse of each other , Mortgagor, whether one or more; in consideration of the sum of
<br />Thirty-three Thousand Four Hundred a'nd No/100------------------------ --==-=---=--- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 334 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,581 MGICdo hereby grant, convey and. mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT ONE (1) IN LE HEIGHTS THIRD SUBDIVISION,
<br />BEING PART OF THE EAST HALF OF THE NORTHWEST
<br />QUARTER (E32NW3,-) OF SECTION ELEVEN (11), TOWN-
<br />SHIP ELEVEN (11) NORTH, RANGE TEN (10) WEST
<br />OF THE 6TH P.M., IN HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />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 33 ,400.00 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 />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 />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
<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 33,400.00 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 33 ,400.00 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 full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />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, 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 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 the original amount of this mortgage.
<br />M
<br />2nd day of May A. D:,'19 75
<br />t
<br />o er�. KOM!ngerSusan ensing
<br />STATE OF NEBRASKA, ss. On this 2nd day of May 19 75 , before me,
<br />COUNTY OF HALL }.
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Robert. W. Kensinger and Susan Kensinger, each in his and her own right and as spouse of
<br />each other, who are personally known to
<br />me t e iO 'son S whose names are affixed to the above instrument as mortgagorS and they severally
<br />01
<br />fl} 3 JLg•, 1iQqGCGNsOT TNAERB�1iC
<br />i
<br />m
<br />COMMISSION EXPIRES
<br />7 31,
<br />rFOF
<br />tt to be their . voluntary act and deed.
<br />hand and Notarial Seal the date aforesaid.
<br />,n expires
<br />Not Public
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