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<br />B8--
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<br />102480
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<br />MORTGAGE
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<br />MORTGAGE LOAN NO. L 25033
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<br />KNOW ALL MEN BY THESE PRESENTS: That
<br />
<br />Scott N. Kelly, an unmarried person
<br />
<br />Mortgagor, whether one or more. in consideration of the sum of
<br />Forty Two Thousand Nine Hundred and nollOO ---------------------------------------~LLARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island. Nebraska, Mortgagee. upon 429 !Jares of sind" "r
<br />said ASSOCIATION, Certificate No. L 25033 . do hereby grant, convey and mortgage unto the said ASSOCIATION the foilv' ...,
<br />described leal estate, situated in Hall County. Nebraska:
<br />
<br />Lot Twenty Two (22), in Amick Acres, Hall County, Nebraska.
<br />
<br />lUgether with all the tenemenls. herednamenl' and appurtenances IhercunlO belonging. including attached 1100r cm..tings, all ..indaw =.
<br />wmdow shade.. blind.. storm Window.. awnings, heating, au conditioning. and plumbing and water equipment and accessories !hereto.pumps.sto,u,
<br />refrigerato.s, amlothrr fixlUre. and equipmem now or hereafter anached 10 or used in connection with said real eSlllte.
<br />
<br />And whereas the said mOltgagur has agreed and does hereby agree that the mortgagor shalJ and will pay aIIt8XCS:and =15 1ei'ied or
<br />assessed upon said prenuse. and upon this mOllgage and the bnnd secured thereby be {Ole t~ same sIull become delinquent; to fumisb .ppnnoed
<br />insurance upon the buildings on said premises situated in the sum of S 42.900.00 ps)'able 10 said ASSOCIATION :and to delive:IO sz:id
<br />ASSOCIATION Ihe policies for said IIIsuranc'e; and not 10 commit or permit any ......Ie on or about said p.emises;
<br />
<br />In case of default IfI Ihe performance of any of Ihe terms and conditIOns of tlus mortgage or the bDnd secured hereb~'.!he ~ !ilu.1l.
<br />on demand, be enlltled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, tnnsfen :and sets O\'el' to tlle
<br />mollgagee all the rents, revenu.. and income [0 be de.ived from Ihe mOllgaged premises during such time as the mongqe indcble4neu shall remR.in
<br />unpaid; and the mOllgagee shall have the power to appoint any agem or agents it may desi.e for the purpose of repairing said premises md renting
<br />the same and collecling the rents, .evenues and income. and it may pay OUI of said income :ill expenses of repairing sait! premisei :and n=mrj!
<br />commissions and expenses incurred in renting and l1IJlnagmg the same and of collecling rentals therefrom; the balance rellllining, if an)!, 10 be
<br />applied IOward Ihe discharge of said mortgage indebtedness; these righls of the mortgagee l1IJlY be exercised 211 any time during !he t.'lis1ence of web
<br />default. irrespecti"" of any lemporary waiver of Ihe same,
<br />
<br />These P.esent.. however. are upon the ConditIon. Thai If the said Mortgagor shall repay said loan on or befote the maturity of uid lihares by
<br />payment; pay mumhly 10 said ASSOCIATION of Ihe sum speCIfied in the Dond secured hereby as imerest and principal on said Joan. on or before
<br />the Twentieth day of each and eve'l' month, until s.IId loan IS fully pard; pay all taxes and assessments le\ied against said premises and on th" Monp;ge
<br />
<br />and the Bond 5Ccu.ed Ihe.eby, hefme delinquencl'. luuII,h appr,)ved msurance upon the buildings thereon in the sum of S 42,900.00 p;lY21blf
<br />10 salLl ASSOCIATION; repay to said ASSOC'lATION upon demand all money by II paid for such taxes. assessments and insurance wilb mterest21t
<br />lhe maximum legal rate thereon Crom dale of paymenl all of which Mortgagol hereby agrees to pa)';permit no w3steon said premises:keep an.1coml']~'
<br />
<br />wJlh all the agreemenls and conditions of Ihe \Iond I' Dr ~ 42,900. OOthis day given by the said Mortgagor to said ASSOCIATION. andromp]y
<br />with all the requirements of the Constitulion and Uy.LawHlfsa,d ASSOCIATION: then these presents shall become null and \'Oid.otherwil;e the)'
<br />shall remain in full force and may be foreclosed al the opllon of the said ASSOCI^TION after failute for three mOnlhs tD make any of said
<br />payments or be three months in arrears in making saId monthly paymenls, or to keep and comply with the agreements and conditions of said Bond:
<br />and Morlgagor agree. to have a receiver appoinled forthwllh m such foreclosure proceedings.
<br />
<br />If Ihere is any change in ownership of the real eslate mortgaged herein. by SlIte or otherwise. then the entire remaining indebtedness hereby
<br />secured shall, althe oplion of The Equilable Building and Loan Association of Grand Island. Nebraslui,become immediately due andlllyable ..ithout
<br />furlhe. 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 ohaid "ption. bear inlerest at the l1IJlximum legal role, Bnd Ihis mortgage may then be foreclDsed to satisf~' Ihe amount due on said
<br />bond,and any olher bond for addilional advances, together with all sums paid by said The EqUitable Building and Loan Association of Grand bland.
<br />Nehraska for insurance. taxes and assessments, and abstracting extension charBes, With intelest thereon. from date of payment at the maximum
<br />legal rate.
<br />
<br />As provided m the Bond secured hereby, while this mortgage lemains in effect the mDngogee may hereafter ad\'DJIce additional sums \0 Ihe
<br />makers of said Bond, lheir assigns nr successors in inlelest, which sums shall be within the seeurily of this morlgage the same liS the funds oliginally
<br />secured the.ehy, the lotal amuuntl1f principal debt not to exceed al any lime the origillal amount of this mDrtgage,
<br />
<br />Dated this 16 t h day of May A. D., 19 88
<br />
<br />~'''-rr N. K((~/
<br />Scott N. Kelly
<br />
<br />STATE OF NEBRASKA. ~
<br />Il!.
<br />COUNTY OF HALL
<br />
<br />On this
<br />
<br />16 th day of May 19 88' before me.
<br />
<br />
<br />the undersigned. a Notol)' Public in and for saId County. personally came
<br />
<br />Scott N. Kelly, an unmarried person
<br />
<br />who
<br />
<br />is
<br />
<br />personally known tu
<br />
<br />"'" [0 he the ,denUcul per\\lII who,," lIume i R umxed III the ubove 1lI.lrumenl as morlgagOl
<br />h. ./~
<br />ucknllwledgcd [he ""ld I"SIIumelll 10 he 1 B vuluntary acl and deed. /
<br />WITNI:SS my hand Bnd Nl1tarial Seullhe dole of",euld
<br />
<br />My (lOIl1l1,;"lon expire, (- / - P 9
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