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83-~-!100963
<br />MORTGAGE See L 23,718
<br />MORTGAGE LOAN NO. L 24, 079
<br />lINOw ALL MEN BY THESE PRESENTS: That Orin L . Kent and Paulette M. Kent, each lit his and her
<br />own right and ass use of each other, Mortgagor, whether orre or more, in consideration of the sum of
<br />~yght~+n mtvvraand ive Ht7ndred and no/100----------------- DOLLARS
<br />Loaned to said-mortgagor by The Equitable Bmldiog sad Gsan Association of Grand [stand, Nebraska, Mortgagx, upon 185 shares of stodt of
<br />said ASSOCIATION, Certificate No. L , do hereby giant, eamey and mortgage auto the said ASSOCIATION the following
<br />described real estate, situated in hall County, Nebraska:
<br />Lot One (1), in Block 7ko (2), in
<br />Colonial Estates Subdivision, City
<br />of Grand Island, Hall County, Nebraska.
<br />together with all the tenements, hereditaments and appurtenances thereunto helanging, including attached floor coverings, alt window scrcens,
<br />window shades, bends, storm windows, awnings, heating, au conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attadred 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 a~.r,.ta k:ried or
<br />assessed upon said prem'ses and upon this mortgage and the bond secured thereby befarc the same stall become delinquent; to furnish approval
<br />irswance upon the buildings on said premises situated m the sum of 3 18, 500.00 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 />to cue of default m the performance of any of the terms and renditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />an demand, be entitled [o immediate possession of the mortgaged premiss and the mortgagor hereby assigns, transfers and sets ova to the
<br />mortgagee all the rents, revenues and income [o be derived from the mortgaged premiss dining wch time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent ar agents it may desire for the purpose of repairiurg said premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said inwme aB expenses of repaving said premises and necessuy
<br />wmmissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance rertraining, if any, to 6e
<br />applied toward [he discharge of said rortgage indebtedness; these rights of the mortgagee gray be exercised at any time during the existence of wch
<br />defaut, irrespective of any temporary waiver of the same,
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shag 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 flood secured hereby as interest acrd 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 acrd assessments levied against said premiss a~ oa this Mortgage
<br />and the Bond secured thereby, before delinqueng; furnish approved inwrance upon the buildings thereon in the sum of S 18, 500.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by i[ paid for suds taxes, assessments and insurance with intec~ct at
<br />the maximum legal rate thereon from date of paytceat all of which Mortgagor hereby agrees to pay; permit no waste on said premises;keep and comply
<br />with aB the agreements and conditions of the Bond for S 18, 500.00 this day given by the said Mortgagor to said ASSOCIATION, acd comply
<br />with all the requirements of the Constitution and BY-Laws of said ASSOCIATION; then these presents shall berme null sad wid, otherwise thry
<br />slat! 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 />paytnents or be three months in arrests in making said monthfY payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receives appointed forthwith in such forecknum prx~eedings,
<br />if there is any change in ownership of the tell estate mortgaged herein, by sale or otherwise, then the entire remaining irrdebtedtress hereby
<br />secured shall, at the option of The Equitable Builtlirrg std Loan Association of Grand Island,Nebravka, bearme immediately dm and payable without
<br />further notice, and the anwunt renuining due under said bond, and any other bond for any additionai advances made thereunder, shall, frem the
<br />date of exerche of said option, bear interest at the maximum legal rate, and this mortgage may then be foredosed to satisfy the amount due on said
<br />band, and any other bond Eor additional advattoes, together with all suns paid by said The Equitable Bm7dfng sod Loan Association of Grand Island,
<br />Nebraska for irtsuranoe, taxes and asseswents, and abatraclmg eriension charges, with interest thereon, from date of payment at the maximum
<br />legs{ rate.
<br />As provided in the Bond seeurcd hereby, while this mortgage renraitrs ta effect the mortgagee may hereafter advance additional sums to the
<br />rttatkers of their assigns or rs in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />secured ~6;}``;, the to~,ta//l amount of pal debt rmt to exceed at any time the original amount of this morigage.
<br />F°- L 153~'l~ ~ of Feblttary, A. D., 19 83
<br />+L.
<br />STATE OF NEBRASKA. ~ ss. Oo this 25117 day of February 1'.B3 ,before me,
<br />COUNTY I]F ttALL
<br />the tudotaigned, a Notary t'uDlic in and tot said County, peraunatly curie
<br />t?rin L. Kent and Paulettz M. Kent, each in his and her own right areas spotzsa~of~y ca~h~ to
<br />are
<br />me~barthe identit7d petsocr s whale names LtY'e affltted to the above insuur>,r„, °. nwutgaBw 5 and they severally
<br />acknowkdead the aid ktatrumcet to be their veluntuy ad and doed. - `1
<br />wiTNILSS ray twd sad Notarial Seal the daM aforesaid. f rr-~ ~ ; v Jf
<br />My Ctsmmhation expirm ~
<br />~µv-L~atai RaMat4 /7~Y ~_s~`?.~4~.~;?~,._...\ 13..~.~.,~~'.~-~llc-~_.._
<br />r-:aar au ~'~
<br />~ y' ~ ~tp, Nw, li, I9M
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