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86-- 104295
<br />moRTGAGE LOAN NO. L 24,565
<br />XWOW ALL MEN SY THESE PRESENTS: That Raymond G. Kehler and Eunice A. Kehler, each in his and
<br />her . ght and as e h other, Mostpgur, whether ow or more, in conidaration of the cram of
<br />i n ;9Q r 13Ao DOLLARS
<br />lotaaed to =W mortgagor by The Equitable Bnddidg sod Low Assoc+stiun of Grand Island, Nebraska, Mortrwx, upon 150 tames of stack of
<br />said ASSOCIATION, Certificate No L24,565 do hereby grant, convey and mortgage unto the said ASSOCIATtONAbe following
<br />described heal edste, situated in Hall County, Nebraska:
<br />Lot Five (5) , Block One (1) , Sothman'Svbdivision to
<br />the City of Grand Island, 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 />asnped upon said premises and upon this mortgage and the bored secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of $ 15 r000. UO 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 caw 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, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortpgm all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shag 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 premiats and mating
<br />the same and collecting the rents, seventies 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 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 15, 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
<br />with all the agreements and conditions of the Bond for f 15 1000. 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 stall 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.
<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 Association of Grand Island, Nebraska, become immediately dux 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 then be foreclosed to satisfy the amount dux on said
<br />bood,and any other bond for additional advances, together with all sumo 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 remains in effect 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 exceed at any time the original amount of this mortgage.
<br />Dated this '3 da of 1y A. D., 19 86
<br />k
<br />STATE OF NEBRASKA, �o,, r
<br />ss. On this 23-,. dayof r -:may 19 86,beforeme,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />L Raymond G. Kehler and Eunice A. Kehler, each in his and her awn ricftt and as s f
<br />each other,
<br />u
<br />are p�°rrorr y Pcnown to
<br />Me to be the identical person s whose name s are affixed to the above instrument as mortgagor s and they severally
<br />acknowledged the said instrument to be their voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the date aforesaid. l q >
<br />Vf f� i
<br />My Commission expires 1997
<br />t:fatah NatsaY- LauelNAnrta Notary Public
<br />uarsx\r st THU ^+aS f. 11NMAN II
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