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P11CRofIU+1Ed Fil d for .record 97S_at 4. o. :in 740
<br />of ?ages_��,�
<br />008833'. Je + fisher, Register of;Deeds,
<br />MORTGAGEHall County, Nebraska
<br />MORTGAGE LOAN NO. L 21,736 MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That Thomas F. Ki nman, I I and Mari Ann Ki nman , each in his ,and
<br />her own right and as,spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Nineteen Thousand Eight Hundred Fifty and No/100----------------------------------=DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, N61lraska, Mortgagee, upon 199 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 ,736 MGIC do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />PART OF LOT TWO (2) IN BLOCK•TI40 (2) IN SOTHMAN'S SUBDIVISION TO THE CITY OF GRAND•ISLAND,
<br />NEBRASKA, DESCRIBED AS: COMMENCING AT THE NORTHEASTERLY CORNER OF SAID LOT.2,. RUNNING
<br />THENCE IN A SOUTHWESTERLY DIRECTION'ALONG THE NORTHERLY. LINE OF SAID LOT 2, A -DISTANCE
<br />OF 125 FEET TO THE WESTERLY LINE OF SAID LOT 2, THENCE INA SOUTHEASTERLY DIRECTION ALONG
<br />THE WESTERLY LINE OF SAID LOT 2, A DISTANCE OF 50 FEET; THENCE IN A NORTHEASTERLY LINE
<br />OF SAID LOT 2, A DISTANCE OF 125 FEET TO THE EASTERLY LINE OF SAID LOT 2, THENCE IN A
<br />NORTHWESTERLY DIRECTION ALONG THE EASTERLY LINE OF SAID LOT 2, 50 FEET TO THE POINT OF
<br />BEGINNING.
<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 sliall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 19 850.00 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 S19 , 850.00 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 1985� (�(� this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws ot'sai ARCIATION; 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, sliall, from tite
<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 />Date '{tis 29th/ day of July A. D., 19 75
<br />Thomas F. Kinman, II Mari Ann Ki'nman
<br />STATE OF NEBRASKA, 1
<br />)r ss.
<br />COUNTY OF HALL
<br />On this i� day of �J Lf L.
<br />Thomas F. Kinman, II and.'Mari:-Ann
<br />each other, . L. Gti-aill
<br />me to be the identical person S whose.n5me S• '••.�f�f
<br />acknowledged the said instrument to be t�lirq'0 voluntdry"ac
<br />WITNESS my hand and l ottaar4I Seat 1e date,afofe
<br />My Commission expires �fj oe_
<br />6s
<br />QFC 7. X91
<br />tZtjF
<br />OF •i�E�'���\
<br />19 ) , before me,
<br />flip un ersigned, Notary Public in and for said County, personally came
<br />each In s andler own right and as spouse of
<br />who are personally known to
<br />1Xed to the above instrument as mortgagor 'S and they severally
<br />tfan deed.
<br />said
<br />1,,41
<br />Q Notary Public
<br />3.73-2M
<br />
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