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<br />MORTGAGE. Hall -County, Nebraska
<br />MORTGAGE LOAN NO. 1 71 MS
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<br />KNOW ALL MEN BY THESE PRESENTS: That Donald Kinney and Dolores R. Kinney, each ihih-is and her
<br />own rights and as spouse of.each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Fourteen Thousand Four.Hundred and No/100 ----------------------------------
<br />DOLLARS
<br />loaned to said mortgagor by Tile Eciditable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 144 shares of stock of
<br />said ASSOCIATION, Certificate No. L do hereby grant, convey and mortgage unto th& said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />THAT PART OF LOT 15 OF THE COUNTY SUBDIVISION OF THE S -,SE -4 OF SECTION 16, TOWNSHIP 11.
<br />NORTH,.RANGE 9, WEST OF THE 6TH P.M., IN HALL COUNTY, NEBRASKA, MORE PARTICULARLY DESCRIBED
<br />AS FOLLOWS: COMMENCING AT A POINT 16 FEET SOUTHERLY AND 66 FEET EASTERLY FROM THE
<br />SOUTHWESTERLY CORNER OF LOT 4, IN BLOCK 4, IN WIEBE'S ADDITI-ON TO THE CITY OF:GRAND ISLAND,
<br />NEBRASKA; RUNNING THENCE IN A SOUTHERLY DIRECTION AND PARALLEL WITH THE WESTERLY LINE OF
<br />SAID LOT 4, IN BLOCK 4,�IN WIEBE'S ADDITI-ON, IF EXTENDED, FOR A DISTANCE OF 1�2 FEET TO A
<br />POINT ON THE NORTHERLY.LINE OF JOHN STREET IN SAID CITY OF GRAND ISLAND, NEBRASKA; RUNNING
<br />THENCE IN AN EASTERLY DIRECTION UPON AND ALONG SAID NORTH LINE OF JOHN STREET.FOR A DISTANCE
<br />OF 66 FEET; RUNNING THENCE IN A NORTHERLY DIRECTION AND PARALLEL WITH SAID EXTENDED WESTERLY
<br />LINE OF LOT 4, IN BLOCK`4, IN WIEBE-S ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA, FOR
<br />A DISTANCE OF 132 FEET"RUNNING THENCE IN A WESTERLY DIRECTION AND PARALLEL WITH THE NORTHERLY
<br />LiNE OF JOHN STREET IN SAID CITY, POR A DISTANCE OF 66'FEET TO THE ACTUAL POINTOF.BEGINNING.'
<br />together with all the tenements, lie reditaments 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 equipmeni 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 tile 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 tile same shall become delinquent; to furnish approved
<br />.insurance upon the buildings on said premises situated in the sum of S 14 400 . 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 tile performance of any of the terms and conditions of this mortgage or the.bond secured hereby, Ole 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 ddring 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 ren'ts, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />I 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 t,he existence ofsuch
<br />default, irrespective of any temporary waiver of tile same. I
<br />These Presents, however, are uppn 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 tile Bond secured thereby, before:dclinquency; furnish approved insurance upon the buildings thereon in the sum of S . 14,400 . .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 />ihe maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees t6 pay; permit no waste on said premises; keep and comply
<br />with all the agreements and conditions.of tile Bond for S 7 14 2 400 . 00his day given by the said Mortgagor to said ASSOCIATION, and comply
<br />wit , li. all the requirements of the Consti.tution and By -Laws of said ASSOCIATION; then these presents shall become null and �oid, 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 arreais in making said monthly payments', or to keel) and comply with the agreements and condi.tions of said Bond;
<br />and Mortgagor ag�ces 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 indebtedne§s hereby
<br />secured shall, at the option of The Eq6itable Building and Loan Associatioil 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 in , terest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy theiamourit due on said
<br />66nd, and any other bond for addition�l advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and asse§sments, 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 tile same a� the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any ti T*e the original amount of this mortgage.
<br />D ted tills day of 0 C A.
<br />+Ober
<br />e3
<br />Donald Kinn6y Dolores R. Kinney
<br />.........
<br />STATE OF NEBRASKA, ss. On this day of before me',
<br />COYNTY OF HALL 15th Octobe . r 1 9,75
<br />the undersigned a Notary Public in and for said Colifity, personally came
<br />Donald Kinney and Dolores 'R. Kinney, each in his and her own
<br />right'and as spouse of each other. who are personally known to
<br />me to be the identiciiI person S whose name -S'_ '-2-'iaffiibd to the above instrument as mortgagorS and-ithey severally
<br />acknowledged the said instrument to b' their
<br />e .:voluntary, act,and'deed.
<br />WITNESS my hand and NotariaiS'e-M' t'h"e date af6resaid.", i.�)
<br />My Commission expires
<br />Notary Public
<br />3-73-2M
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