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M1Cao4. File for record
<br />009213 of �L Page
<br />Je Fisher; Register of Deeds,.
<br />Hall Cotuity,'Nebraska
<br />MORTGAGE .
<br />MORTGAGE LOAN NO. L 21 .780 `-
<br />KN01V ALL MEN BY THESE PRESENTS: That. Gary G. Kemmet and Lindes J. Kemmet, each in his and
<br />her.own right and as spouse of.each other,
<br />• Mortggor, whether one or more, consideration of the sum of
<br />Thirty One Thousand and No/100-----------------------------------------------------DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 310 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 , 780 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated iq Hall County, Nebraska:
<br />LOT SEVEN (7) IN SUNSET.SECOND SUBDIVISION, LOCATED IN THE
<br />NORTH HALF OF THE NORTHEAST QUARTER ;( 1AE 4) OF SECTION ELEVEN
<br />(11), TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10) WEST OF THE 6TH
<br />PRINCIPAL MERIDIAN..
<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 tite sum of S 31 , 000.00 j 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 imortgage or the bond 'secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of tite mortgaged premises and the i 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. j
<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 31 ,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 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 31 X000.00 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, fr6m 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. w
<br />As provided in the Bond secured hereby, while this mortgage remains in effect jthe mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within tate 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 20th day of August ! A.D., 19 75
<br />Lindes J. Ke t ,
<br />Gary G. emmet
<br />STATE OF NEBRASKA,20th August 19 75 , before me,
<br />ss. On this dayof 9
<br />COUNTY OF HALL }
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Gary G. Kemmet, and Lindes J. Kemmet, each in his and her own right and as spouse of each
<br />who are -personally known to
<br />Other,
<br />me to be the identical person S whose name s are affixed to the above! instrument as mortgagor S and, t y verally
<br />acknowl ttged't mt 4 voluntary act and deed.
<br />JS O
<br />TNESS Se 1 the date aforesaid.
<br />ebNaskn
<br />. Commisst�3t��'upire3�
<br />s,j re My. Commission Expires `Notary Public
<br />tdov_ er 12, 1975 ,l
<br />3732M
<br />J '`
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