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81- 104094
<br />MMTGAGF
<br />MORTGAGE LOAN NO, L 24839
<br />KNOW ALL MEN RYTHESF PRESENTS: That Victor R. Kersey and Vivian I. Kersey, each in his and
<br />her own right and as spouse of each other,
<br />- - - - - -- -Mortgagor whether cm a more_ in conddnNian of the ow of
<br />Fort r� One Thousand and 00 /00 - -- --- -° - - -- DOLLAM
<br />tossed to OW mtxlpKw by TV Equitabk BttMing and LAW A- miciation cf Gmnd Nand, Nebra*a , upon 410 1118111115 of Modr of
<br />tend ASSOCIATION, Certificate No. L 24839 , do hereby grant, convey and mortgage unto the said ASSOCIATION the foiarfnF
<br />described real estate, situated in Hall County, Nebraska:
<br />Parcel 1: Lot One (1), in Block Five (5), in Parkhill Second Subdivision, an Addition to the
<br />City of Grand Island, Hall County, Nebraska.
<br />Parcel 2: A tract of land located in the Southwest Quarter of the Northwest Quarter (SW!) of Section 21,
<br />Township 11 North, Range 9 West of the 6th P.M., Hall County, Nebraska more particularly described as follows,
<br />Beginning at a point 33 feet west and 52.7 feet north of the southeast corner of said Southwest Quarter of the
<br />Northwest Quarter of Section 21, running thence northerly along and upon a line which is 33 feet west and
<br />parallel to said 1/16 section line, a distance of 110.9 feet, thence deflecting left 88 degrees 54' and
<br />running westerly 39.17 feet to the intersection of the northerly line of Lot I, Block 5, Parkhill Second
<br />Subdivision, an Addition to the City of Grand Island, Nebraska, if extended, thence deflecting left 28 degrees 59' and
<br />running southwesterly along and upon the northerly line of said Lot 1, Block 5, if extended, a distance of 16.5
<br />feet to the northeast corner of said Lot I, Block 5, said last two described sides of said tract also being aloes and
<br />upon and abutting the southerly side of Oklahoma street as said Street was recently extended to connect
<br />with the county road abutting this tract on the past, thence southeasterly along and upon the easterly
<br />line of said Lot 1, Block 5, a distance of 116.4 feet to the point of beginning.
<br />together with all the tenements, hetedilaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window stuns, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumas, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said read estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and amessments levied or
<br />assessed upon said {remises and upon this mortgage and the bond secured 8rcbv before the same shall become delinquent; to furnish approved
<br />dnuannce upon the buildings on said premises situated in the sum of T4 ( , 0 UU 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 cue of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee stall,
<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 trots, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall retain
<br />unpaid; and the mortgagee cull have the power to appoint any agent or agents it may desire for the purpose of repairing said premises sad rent
<br />the same and collects the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />coannimions 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 mongap indebtedness; Huse 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.
<br />These Presents, however, are upon the Condition. That if tike said Mortgagor shall repay said loan on or before the maturity of aid stares 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 4 1 , 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 haxin u nt legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on sad premises;keep and comply
<br />with all the agreements and conditions of the Bond for S 4 1 ,000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the acquirements of the Constitution and By -Laws of said ASSOCIATION; then these presents stall become null and void, otherwise they
<br />sly remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to mate any of said
<br />payntents at be throe maths in arrests in nuking said monthly payments, at to keep and comply wilh the agreements and conditions of said Bond;
<br />and Mortgagor epees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness her
<br />secured sail, at the option of The FAuitabk Building and Lon Assn iation of Grand Island, Nebraska, become immediately due and payable withl
<br />cu
<br />further notice, and the amount remaining due under said bud, and any other bond for any additional advances nude thereunder, sell, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this ntwrtpp may then be foreclosed to satisfy the amount dose on said
<br />boad,and any other brad for additional advances, together with all tutor paid by said The Equitable budding and Loan Association ofGtand Island,
<br />Nebraska for inswa ce, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the naxinmto
<br />low rate,
<br />As n the Bad secuted hereby, while this mortgage terrains in effect the mortgagee may hereafter advance additional aura to the
<br />adders aid 9 rod, their assigns or successors in interest, which sums shall be within the security of this mortgage the sum ss the funds ori®aBy
<br />winos thereby, the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />day of July A. D., 19 8 7
<br />Vivian 1. Kerse
<br />STATE OF NEWASKA. #
<br />COUNTY Of' HALL. ss. On 'his 9th key of July 19 8 7 , before me,
<br />The underagned, a Notary Public in and fa said County, personally came
<br />Victor R. Kersey and Vivian 1. Kersey, each in his and her own right and as spouse of
<br />each other, who are personally known to
<br />ssa to be the Winsticall person s whose name s a reaffkxed to the above instrument as mongalloo s and they ar"'aily
<br />rent
<br />ON as"t t to be their -
<br />voiantary act axe! cfawcal.
<br />MTTN11 my hand and Notasil Seal the date alo>re d > i
<br />; low^
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