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MORTGAIG& 86-104668
<br />MORTGAGE LOAN No. L 240,59A
<br />KW W ALL MEN RIt"I'liff-SE 'RESENTS: That �Isrren Albert Kohtz and Jane Marie Kohtz, each in his
<br />and her own right and as spouse of each other, MortSwir, whether one or mart, in wrisiftratiort of the sum of
<br />DOLLARS
<br />kvned to said wallagot by The Equitable Building and Loan Assescattloin of Grind Island. Nebraska, Mortgagee, upon 490 shates of imecit of
<br />aid ASSOCIATION. Certificate No, L24 594 do hereby grant, convey And risidgallie ustes the said ASSOCIATION the followft
<br />described real estate, situated in 11911 County, Nebraska:
<br />Lot We lve (12) , in Block Three (3) in CO 10nial Estates Subdivision,
<br />to the city of Grand Island, Hall jaunty, Nebraska.
<br />together with all the tenement,. ficieditaments arid appurtenances thereunto, belortiong, including attached flow coverings, aU window scretis,
<br />window shades, blinds. storm windows, awnings, heating, air cisiddi-nung,and pheribioliand water equipment anti
<br />refrigerators, and other fixtures and equipment now or hereafter Attached to used in con o i i
<br />tection with said real estate-
<br />And wher"s the said mortgagor ties exited and does hereby Agree that the mortgagor shall pay 2 Is -vitill or
<br />and will all taxes and sairsarrien le
<br />assessed upon said premises and upon this mortgage And the boftil secured thereby before the same shall become definquent * to furnish approved
<br />insurance upon the buildings tin said premises situated in the sum oll S 49, 000.00 payable to said ASSOCIATION And to deliver to said
<br />ASSOCIATION the policies for said msuranra: And not to commit of pertrut any waste on or about said prentears;
<br />And c,
<br />f default in like performance of any W toe terms. onditaims of this mortgage or the bond secured hereby, the mortgagee shall.
<br />)it dc!n"acn`d"`b`e entitled to Immediate possession of the mortgaged premism and the mortgagor hereby assigns. transfers and " over to the
<br />r1loaps" all the rents, revenues and 'ficame to bdetivesl from the mortgaged prarmacs during such time As the mortgage Indebtedness shall remain
<br />unpaid; and the morWIl" shall have the Power to appoint Any affist %it alleens it to" desire for the purpose of repairing said Premises and mat'
<br />the same and collecting the rents, tewritt" and income, and it � may pay out of said income all expenses of repairing said premises and necessary_
<br />commissions and expenses incurred in feriling and nwn*Su* ;he saw and of collecting ternale therefrom; the balance remaining, if any, to be
<br />Applied toward the discharge of earl rwirgait,, indebtedness. these rights 4 the murtpleee may he citetchied at a" 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 t1w said MerijImetm shall repay mid loan on of before the maturity of sim! shares by
<br />payment. pay monthly to said ASSOCIA7 ION of the sum speed" in the florid wined hereby as mWint and principal on said loan, an or before
<br />the Twetowth day of each and evcry ninth, tirl-1 aid loan is fully past; pay All taxes and Assessments levied Against said premises and on this Mortgage
<br />and the [kind secured thereliv, beloir delinqucts. y, jurrush apin(wed insurance upon the buildings thereon in the sum of $ 49,000.00 payable
<br />to said ASSOCIATION', repay i. said &W)CIATION upon demand #9 tr►esey by it paid for such taxes, Asseasspens -and insurance with interest at
<br />the maximum legal rate therein 1"Im date if Payment all of which SlOtAgall1whereby Won to Pay-. Parrott no waste on saw prefflises;keep And comply
<br />with all the agreements and cwidiliom 4 the Wind for 549 000.00 this day sivintitty the said M, tilestii, 11
<br />t suid ASSOCIATION, and comply
<br />with all the requirements (if the Omstaution and By-Caws ofsaid ��IATION' then these presents become null and void, otherwise they
<br />shall remain in full force and rosy tie lotedowd at the option of the said ASSOCIATION after failure for three moriths to nuke any of said
<br />paymcnit or be three months in arrears m snaking sand monthly pevmetns, in to keep And comply with the sWee onts and conditions of aid Band',
<br />aAd.V,,rtV.Agot agrees to have a m ejwf Appointed forthwith in such for¢ CjQjmc PtUVesdinfla.
<br />If there is any change in owilefidup of the real estate mortgaged herem, by ask or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Budifing and LA= Assax-eetic-m of Grand 1%land,bittraskabecomit immediately due and payable without
<br />further unit", and the Amount ictrunning due under said bond, and any offset bond for any Additional advances made thereunder, dub, Fruen the
<br />daft of exercise of SAW Option, bCAl 111tCle-St at the maximum legal rate, and this mcwtw may then be foreclosed to satisfy the amount due an said
<br />bund.and any other bond for additional advances, together with all sums paid by said Ilat Equitable Building and Loan Association or Grand Island,
<br />Nebraska for insurance, taxes And assicistricnis, and abstracting extension charges, with tritentin thereon, fronts date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage retraining in effect the mortgagee may hereafter advance additional sums to the
<br />trijakens (if said Mind, their assign. i successors in interest, which sure shall be within thesecortly of this mortgage the same as the foods origimily
<br />secured thereby, the total aftroun I of principal debt not in exceed at any thirse the original airsounit of this mortgage,
<br />4 1�
<br />Dated this day of A, D., 1() 86
<br />SIATI OF NEUKASKA.1 is On this 1: � tway of Ato i 1986 , Wont me,
<br />COUNTY OF HALL (
<br />the undersegnitd. it Notary Public in And for said County, pefststually cause
<br />Warren Albert Witz WLI Jam Mariv Kohtz, each in his and her oirn Wilt WTA' each
<br />other, are
<br />ow to he the Wesittral per,)" r. .11ow i'Allif, I; art, affixed to the above instrument as morl%Wt 9 and tlwy sovetailli,
<br />Acknowledged the said losjf niw' to 1W UJU i r' ",Iurilwy Act And devif,
<br />WIINVAN Y „ti'; and lo'lowl Nfaf the del, valfrAW
<br />ate I .1 nn 'I - arr , `/
<br />Af",
<br />Nots" I tibli,
<br />a WAN
<br />da. lom to Wit. IL 110
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