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<br />88-
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<br />102239
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<br />MORTGAGE
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<br />MORTGAGE LOAN NO. L25~029" . ~
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<br />Twenty Six Thousand and nol I 00 -------------------;..-----:..__-------:__-'"'..~~.;.--~~:1X)%:.::1
<br />loaned to Aid mortgagor by The Equitable Bulldingand loan Association of Grand Island, Nebtuka,Mortpgee', upon, 260 ' : !hUe. o~'~Of';"':', ::xi.1
<br />said ASSOCIATION, Certiflcate No. L 25,029 , do hereby grant, convey and mortg.gaaintothuald ASSOC!ATION:~fcpOOWlD8::' ,
<br />described"al estale, situated in HaU County, Nebraska: .' ,," '.,,:'1
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<br />Lot Three (3), Kallos Subdivision, in the City of Grand Island, Hall County, Nebrallka~:,: ':}:'"I
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<br />IOll"ther wilh all the tenement>, he.editamenls and .ppurt:nanccs theleunto belonging, including allached floor coYllrings. all window SCl'eens,
<br />window shades, blinds, storm windows, awnings, heating, ail conditioning, and plumbing and wa'ter equipment and accessories thereto, pump', stoves,
<br />refrill"rators. and other flxtures and equipment now or hereafter attached to or used in connection with said real estate.
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<br />And whereas the said mortgagor has agreed and doe. bereby agree that the mortgagor shall and wiD pay all tues and assesunents levied or
<br />assessed upon said premise. and upon this mortgage and tbe bond secured thereby before the same sbaU beQOllle delinquent; to furnish approved
<br />insurance upon the buildings on said premise. sitWlled in the sum of S 26,000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance: and nolto commit or permit any waste on or about said premises;
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<br />In """" of defauil in the performance of any of the term< and conditions of this mortgage or the bond oecured he"by, the mortgagee shall,
<br />00 demand. be entilled 10 immediate poS51:ssion of the mortgaged premises and the mortgagor hereby assign., transfers and oets over to the
<br />mortgagee allllle rent>, reYllnues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shaU remain
<br />unpaid; and the mortgagee shall bave the power to appoint any agent or agents it may desire for the purposcof repairing said premises and renting
<br />tbe lame and collectinglhe rents, revenues and income, and it may payout 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 the"from; the balance remainina. if .any, to be
<br />applied IOward the discharge of said mortgage indebtedness; these rigbt. of the mortgagee may be exercised at any time durinatbe existence of sucb
<br />dafault.lrrespecti.e of any temporary wai\'er of the same.
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<br />These Presenrs, however, are upon the Condition. Tbat if the said Mortaagor shall repay said loan on or before the maturity of said shares by
<br />paymenl; I"'y monthly to said ASSOCIATION of the su.m spacined in the Bond secured hereby as interest and principal on said loan. on or before
<br />tbe Twentieth day of each and every month, unlil said loan i. fully paid; pay alltues and assessments levied against said premises and on lhis Mortgage
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<br />and Ihe Bond secured Thereby, before delinquency; fumim approved insurance upon the buildings thereon in the sum of S 26 000,00 payabl.
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all mOlley by It paid for such taxes, auewnents and In;uranoe with interest at
<br />the mnimum legal rale thereon from date of payment all of which Mongagor 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 S 26,000.00 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; tben these presents shaJJ become null and void, otherwise they
<br />shill 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 monlhs in arrears in making said monthly payments. or to keep and comply with the agreements and conditions of said Bond;
<br />and MOrlg&gor agrees 10 have a receiYllr appointed follhwilh in such foreclosure proceedings.
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<br />If there is any clIanll" in ownership of the real estate mortgaged herein, by sale (Or otberwee, then the anti" remaining indebtedneas hereby
<br />secured shall, althe option of The Equitable Bullding and Loan Association of Grand Island, Nebraska. become immedialely due and payable withoul
<br />further notice, and the amcunt remaining due under said bond, and any other bond for any additional advances made thereunder, shaD, from the
<br />IIIle of exercise of said option, bear interest al the maximum legal rate, and lhis mortgage may then be forectosed to utisfy the amount due on Aid
<br />bond, and my other bond for additional advances. together with aU sums paid by said The Equitable Bullding and Loan ASlOciation of Grand Island,
<br />Nebnska forlnsunnce, taxes and lWeuments, and aburacling extensioTl charges, with intereU thereon, from date of payment at the maximum
<br />legal rate.
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<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may bereafter advance additional sums to the
<br />makers of Aid Bond, their assigns or .ucteSSOI$ in interest, which sum. shall be within the security of this mortgage the same as the funds originaUy
<br />secured thereby, Ihe lot1l1 amoun! of principal debt not to exceed at any time the original amount of this mortgage.
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<br />~~:~*y AD."as
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<br />....DianecL. Kenney
<br />STATE OF NEBRASKA, l
<br />COUNTY OF HALq D.
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<br />On this
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<br />4th
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<br />Illy of
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<br />May
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<br />1988
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<br />, before me,
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<br />the undersigned, a NOlllJy Public in and for aid County, personllly came
<br />James D. Kenney and Diane L. Kenney, each in his and her own
<br />.risbt. and as spouse of each other who are
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<br />rIlIt to be !.be ldeutical pel1lOll 6 wh_ name 6 are affIXed to the above instrument u mOrlNor 5
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<br />adr.now\e4II4the uid Instl'Uftlentto be the ir ""hrntaty Icr and deed.
<br />WITNESS my, hand and Notarial Sell the IIIte aforesaid.
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<br />My Commllllnn e-spires //-~.s - 't'
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<br />pe[JOnally known to
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<br />and they
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<br />severally
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<br />Nolary Public
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