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<br />MORTGAGE
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<br />MORTGAGE LOAN NO. L 24997
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<br />KNOW ALL MEN BY THESE PRESENTS: That David G. Kenyon and lsabe 1 Kenyon, each in h is and her
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<br />own right, and as spouse of each other,
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<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Thirty Five Thousand and no/IOO --------------------------------------------~~DOLLARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 350 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24997 ,do hereby granl, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
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<br />Lot Fifty-One (51), in Castle Estates Subdivision, Hall County, Nebraska.
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<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 uscd in connection with said real estate.
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<br />And whereas the said mortgagor has agreed and docs hereby agree thaI 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 the sum of $ 35, 000 . 00 . payable to said ASSOCIA nON and to deliver to said
<br />ASSOCIA nON the policies for said insurance; and not to commit or permit any waste on or about said premises;
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<br />In case of default in the performance of any of lhe terms and conditions of this mortgage or the bond secured hereby, the mOItgagee shall,
<br />on demand, be entitled to immediate possession of the morlgaged 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 ind~btedness 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, Jnd it may payout of said income all expenses of repairing said premises and necessary
<br />commissions and expenses '.lcurred 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.
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<br />These Presents, however, are upon the Condition, That if lhe 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 he,eby 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
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<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of $ 35 ,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
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<br />with all the agreements and conditions of the Bond for:li 35 000.00 this day given by the said Mortgagor to said ASSOCIA nON, and comply
<br />with all the requirements of the Constitution and By.Laws ot'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.
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<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 Associalion 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 interest at the maximum legal r&te, 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, taxcs and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal mte.
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<br />As provided in the Bond secured hereby, while this mortgage remains in elTecl 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 cxceed at any time the original amount of this mortgage.
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<br />
<br />March
<br />
<br />1\. D., 19 88
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<br />r----
<br />
<br />Isabel Kenyon
<br />
<br />STATE or NEBRASKA,l ss.
<br />COUNTY OF HALL ~
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<br />J
<br />
<br />On this
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<br />18th
<br />
<br />day of
<br />
<br />March
<br />
<br />19 88 ,before me,
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<br />L
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<br />
<br />the undersigned. a NOlary I'ublic in and for said Coun<y, personally came
<br />in his and her O\~ll
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<br />who
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<br />are
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<br />personally known to
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<br />s
<br />
<br />and
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<br />the y severally
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