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<br />M. Bo
<br />L iV Filed for recor _ J a
<br />'1`�
<br />of ' Je Fisher; Register. of Deeds',
<br />Rall COUntY,Febraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. Lp1 X73s MGIC.
<br />KNOW ALL MEN BY THESE PRESENTS: That Fred. A. Knefel kamp and. Elsie V. Knefel kamp:; each in hi s
<br />and her own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Ten Thousand -Nine Hundred and No/100------------------------------------------- ---DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 109 shares of stock of
<br />said ASSOCIATION,, Certificate No..L 21 ,735 MGIC , do hereby grant, convey and. iortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />O
<br />Oz
<br />LOTS.THREE (3)'AND FIVE (5) IN BLOCK -TWELVE
<br />(121) IN COLLEGE ADDITION TO WEST LAWN, IN '
<br />THE CITY OF GRAND ISLAND, 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 an&water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other,fixtures and.equipment now or hereafter attached to or used in comic0on with said real estate.
<br />And whereas the said -mortgagor has agreed and does hereby agree that the mortgagor'&hall 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 10 , 900. 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 indebtedne$s 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 .sdid 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 10 , 900. 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 1;0 900.00 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 sliall 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 anyadditional 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'fhe 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 28th day of July A.D., 19 75
<br />Fre� . nee a e Elsie -V. Knefe amp
<br />STATE OF NEBRASKA, i ss. ' On this 28th day of J u l � . 19 75 , before me,
<br />COUNTY OF HALL )(
<br />the ugders'gr2ed, a•Nota Public m and fo said Co nty, personally came
<br />Fred A. Knefelkamp and Elsie V. Knefelkamp, each in �1is and tier own rig�it anc� as -spouse
<br />of each other, who are personally known to
<br />`m ; =balih,,f . tical person S whose name S are affixed to the above instrument as mortgagor's and they severally
<br />%%%kgoSyl0ged,tffltS,3agq instrument to be thei r voluntary act and deed.
<br />-7 �,WI JESS my hand and Notarial Seal the date aforesaid.
<br />PdpT :?'r hix. jj�� mission expiresj�-be v,
<br />cli'1R�S Notary P c
<br />r. �1
<br />�+� t 3;73:2N1
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