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Filed forrecor.L/,- 'Ie2 19;9
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<br />Je6zFisher, Register of:Deeds,
<br />Hall County, Nebraska
<br />MORTGAGE .- ___ I ! - � ,
<br />MORTGAGELOANNO. L, 21,178.6
<br />KNOW ALL MEN BY THESE.PRESENTS: That Randy L. Kenny and Barbara Lu Kdnny, each in':his and b
<br />her own right and as spouse of each other, Mortgagor'whether one or more, in consi de r - ation of the sumof
<br />Twenty-four Thousand and No/100---� -------------------------------------------------- DOLLARS
<br />loaned to said mortgagor by Tile Equitable Building -and Loan' Association bf Grand I stand, Nebraska, Mortgagee, upon 240 'shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 786 do hereby g rant, convey and mortgage unto the said' ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT SEVENTEEN (17),IN MEADOW LANE
<br />SUBDIVISION,.HALL COUNTY, NEBRASKA.
<br />together with all the tenements, liereditaments and appurtenances thereunto belonging, including attached floor coverings,.ali window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipmeni and accessories th�retp, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached t o 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 delinquenf; 'to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 24 , 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 secured hereby; the,mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged prerniies and the mortgagor hereby 'assigns, transfers and'sets over to the
<br />mortgagee all tile rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and tile mortgagee shall have the power to appoint any agent or agents it may desire for the purpose� of repairing said premises and renting
<br />tile 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 flie existence ofsuch
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, liowever,'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 agiinst said premises and on this Mortgage
<br />and tile Bond secured thereby, befom delinquency; furnish approved insurance upon the buildings thereon in tile sum of s 24 , 000. 00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurancd 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 premisles; keep and comply
<br />with all the agreements and conditions of tile Bond for S 24 , 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 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 tile 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 interes ' t at the maximum legal rate, and this mortgage may then be foreclosed to satisfy tli6 amount due on said
<br />bond, and any other bond for additional advances, together with all surnspaid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension,charges, with interest thercon, 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 tile original amount of this.mortgage.
<br />Dated,this 25th day of August A.D., 19 7 5
<br />a
<br />Randy �4—Kenny Barbara Lu Kenny—
<br />STATE OF NEBRASKA,
<br />COUNTY OF HALL ss* On this 25th day of. August. 19 7.5 before me,
<br />the unde -siped, a Notary Public in and for said Codrity, personally came
<br />Randy L. Kenny and Barbara Lu Kenny, each in.his M her -own right and as spouse of each
<br />th who are personally known to
<br />t ersonS..' whose name s are affixed to the above instrument as mortgagor S and, they. severally
<br />I Q'e ; . I : ! I
<br />ac N&IMN id strumerittobe their voluntary act and deed.
<br /><,kTN S my hand' and Notarial Seal the date aforesaid.
<br />NOTARY - :
<br />CONIMISSION4 mission expires
<br />EXPIRES A
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<br />Notary Public
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