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Fi , ed`ior
<br />pf' `per@
<br />Je fisher; •Register of Deeds,:
<br />MORTGAGE Hall County;.Nebraska:'.
<br />MORTGAGE LOAN N0. L 21 , 586
<br />KNOW ALL MEN BY THESE PRESENTS: That James D. Kirkpatrick and_N. Theodora Kirkpatrick, each in
<br />his and her ownright and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Thirty Thousand and No/100 ----------- --- -- ------"DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon, 300''- shares-of sfock of
<br />said ASSOCIATION; Certificate No. L 21 ,586 , do hereby grant, convey and mortgage unto the said' ASSOCIATION.the following
<br />described real estate, situated-in Hall County, Neliraska: .
<br />THE EAST ONE-HALF (EZ) OF'-
<br />THE NORTH ONE-HUNDRED THIRTY-TWO (N 132) FEET
<br />OF BLOCK NINE:.(9), PLEASANT HOME SUBDIVISION
<br />OF PART OF THE EAST HALF OF THE SOUTHEAST
<br />QUARTER -,NEk) OFTTOWNSHIP(ELEVEN (11)SECTIONWENTY
<br />NINE((9),
<br />WEST OF THE 6TH P.M.
<br />together. with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storin 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 30 , 000.00 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 se cured 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 ail- 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 ofthe 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 30 , 000.00 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 tliereon 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 30,000.00 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 montlily 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 tile, 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 of 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 />Dated this 91h day of May AVDA9
<br />ames it p ric Theodora it par c
<br />STATE OF NEBRASKAJ ss.On this 9th day of May. 19 '75 , before me,
<br />COUNTY OF HALL
<br />the undersi ped, a Notary Public in and for said County, personally came
<br />James D. Kirkpatrick and N. Theodora: Kirkpatrick, each in his and her own right and as
<br />spouse of - each other, who are personally known to
<br />me to be the identical persons whose names are affixed to the above instrument as mortgagor S and they severally
<br />ackr mmlc&ed the said instrument to be the i r - yoluntary act and deed.
<br />WITNESSMf S�a ll 0JINNariE I Seal the date aforesaid.
<br />My Co�� B�"hYI slBca
<br />Aly Ci GENERA orrimis x es \ Notary Public
<br />37 M` '1 November* 5 / y; I-O 7 �
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