|
MORTGAGE 86— 104127
<br />MORTGAGE LOAN NO- L 24,569
<br />KNOW ALI. MEN BY _nIFSE PRESENTS_ That Kurt S. Kelly and Debra R. Kelly, each in his and her
<br />own right and as Spouse of each other, Mortgagor, whether one or more, in consideration of the am of
<br />Ft_ rtsv_ Fnrr Thousaix Thr02._1It7IY�LiE.S� _..DU��Q--- --- -- - DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 443 shares of stock of
<br />said ASSOCIATION, Certificate No. 124,569 I , do hereby grant, convey and trrortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Five (5), in Block Five (5), in Country Club Subdivision, being
<br />a part of the East Half of the Northwest Quarter (E� W4) of Section Tlenty
<br />Eight (28), in Township Eleven (11) North, Range Nine (9) West of the
<br />6th P.M. Hall County, Nebraska.
<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 used in connection with said real estate.
<br />And whereas the 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 4efore the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of $ 44,300.00 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 the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, he 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 rmttt}aged premises during 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 rents, revenues and income, and it may pay out 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 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.
<br />These Presents, however, are upon 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 Band 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 $ 44, 300.00 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
<br />with all the agreements and conditions of the Bond for $44 30Q 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; then these presents shall become mill 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.
<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, 31 the option of The Equitable Building and Loan Association 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 rate, and this mortgage may their 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, taxes and assessments, 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. rrmains In effect the mortgagee. may hereafter advance additional sums to the
<br />makers of said Bond, their assigns of successors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amcwnt of principal debt not to exceed at any time the original amount of this mortgage.
<br />led t 25th` y,rf July A. D_. Iv 86
<br />'y a
<br />STATE 01: NE:BRASKA.1 � On [fns 25th is t Jul }'
<br />COUNTY OF tiALL y " 1 v nib ,before nee,
<br />L the undersigned, a Notary Public in and for said County, personally came
<br />Kurt S. Kelly arxi Debra R. Kelly, each in his arx3 her own right
<br />11 �' a s S uusir
<br />other, e 4sall
<br />lnown to
<br />nn to he the rd,iawal person. S vhow name g ate aflised to the above u:strnntent 11�11ortg gmo and t1Y'r sevvralk
<br />acknowledged the said miruitww to be their s•ohtntary art :unl'1""t
<br />Al TNf \S my hand and Nular GVl Seal the date xlnrcsard
<br />� �fAAr -soli M MIY�MI>t '
<br />rn <s::tt M1a+l _ M ary�ctblr,
<br />
|