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Fi e f or record at m., in Book /2�
<br />fA 9 -1-57'
<br />0.q Pa e
<br />Je&Fisher, Register.of Deeds,
<br />Hall County, Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 21 11: MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That Garry F. Kokes, a single person". �10A
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Thirteen.Thousand Nine Hundred Fifty and No/100 ---- ---------
<br />DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan' Association of Grand Island, Nebraska, Mortgagee, upon 139 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21813 MG I C, do hereby grant, convey and mortgage unto the said'ASSOCIATI ON the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT FOUR (4).,� IN,WEST HEIGHTS ADDITION, AN
<br />ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA.
<br />together with all the tenements, heredi'taments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, licating, air conditioning' and plumbing and waterequipment and accessories thyreto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached t�' or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and doeshereby 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 tile sum of Sl 3 950 . 00 payable to, said ASSOCIATION and' ta 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, ihe'mortgagee shall,
<br />on demand, be entitled i to immediate possession of the mortgaged premises and the mortgagor hereby ilssigns, transfers and.sets over to tile
<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 I premises and renting
<br />the same and collecting tile rents, revenues and income, and it may pay out of said income all expenses of repairing said preini�6 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 Oie'existence ofsucli
<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 matur , ity' 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 13 , 95b.'00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurancie with interest at
<br />tile maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premiies; keep and comply
<br />with all the agreements and conditions of the Bond for s 13 5'950. 00 this day given by I the said Mortgagor to said ASSOCIA'fl ON, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then these presents shall become null and void,.otlierwisc 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 andpayable 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 interest at tile 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 Ot to exceed at any time tile original amount of this mortgage.
<br />Dated this day of
<br />A. D., 19
<br />G�arry/F/ Kokes
<br />STA TE OF NEBRASKA, ss On this
<br />COUN TY OF HALL
<br />Garry F. Kokes, a single person,
<br />day of. i9/"c beforeme,
<br />U
<br />the undersigned, a Notary Public in and for said County,'personally came
<br />who i.S 1personally known to
<br />.me to be the identi�al person Whose name i S affixed to the above instrument as mortgagor and- he soverauy
<br />acknowledged the said instrument to be his voluntary act and deed.
<br />WITNESS my hand -and Notarial Scal the date aforesaid.
<br />My Commission expires CHARLES E. DeLARM
<br />General Netary-Staie of W&. E
<br />MY Commission ExpJAs. i Notary Public
<br />3-73-2M April 17, 197y"'Ifit
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