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<br />83-\J03567
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<br />MORT CAGE
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<br />SeeL 22.375
<br />L 24,101
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<br />MORTGAGE LOA."i NO.
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<br />KNOW ALL MEN BY THESE PRESENTS: That Theodore W. Kelsey and Anne A. Kelsey, each in his and
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<br />her own right a.."1d as spouse of each other, Mort!l;lgor, whether one or more, in considetationof the sum of
<br />Thi.J;:t:y SPVPn 'T'hol1S<'Ind and.~100----.,.----==--:--------------------.,.---:-- DOLLARS
<br />loaDeihosaid moJrtpgor byTbe Equitable Building and .Loan Association of Gr.md Island, Nebraska, Mortgagee, upon 370 ShareSof.:stOck of
<br />said ASSOCIATlOril, Certificate No. L 24101 ,do hereby gnmt, r;onvey and.mortgage unto tbe said ASSOCIATION thefoUowing
<br />delIcribedreal estare, situated in Hall County, Ntibraslca:
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<br />Lot Nine (9) I Imperial Village Third
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<br />Subdivision, to the City of Grand Island,
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<br />Hall County, Nebraska.
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<br />togetber witb all the tenements, hereditaments and appurtenances thereunto belonging. including attached l100r coverings, all window screens,
<br />window shades, blinds, norm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stows,
<br />refrigenuors, and otber fixtures and eqUipment now or hereafter attached to or used in connection with said real estate.
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<br />And wbe~as the said mortgagor bas agreed and does hereby agree that Ihe mortgagor shall and wiUpay all taxes and assessments levied or
<br />assessed upon said plremisei and upon this mortgage and the bond 5(:cUted thereby before the same shan become delinquent; to furnish approved
<br />insurance UPOII tm~ buildings on said premi.iles situated in the sum of$ 37,000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIA nON th~: policic:sJor said insurance; and not to commit or permit any waste on or about said premises;
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<br />In case of default in the performance of any "I' the terms and conditions of this mortgage or the bond ilecured hereby, the mortgagee shall,
<br />on denutnd, be entitled tll immediate possc&sion of Ihe mortgaged prellllileS and the mollgagOl hereby llssigns, uansfers and sets o'l1:r to the
<br />mortgagee all the .cuts,revenues and income 10 be denveu from the mortga~d premises during sllch time as the mortgage indebtednesa shall remain
<br />unpaid; and tbe mmligagee shall have the power to appoint any agenl or agents il may desue for the purpo~ of repairing said premises and renting
<br />lhe same and collecting the rcnts, revenues and income, ,md it may payout of ,said income all expen$CS of repairing said premises and necessary
<br />commiSllions and ~:xpenS!l:s incurred in renting and managing lhe same and llf collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the dischl!llle of SlIId mortgage indebtedness; theS!l: rights of the mortg:agee may be exercised at any lime during the existence of such
<br />dCfault, irrespectivl~ of anYlemporalY waiver of tbe same.
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<br />Thc$C Presents" huwever, arc upon the Condition, That if the said MOllgagor shall repay said IQan Oil or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the sum specilled ill the Bond seemed hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each a,nd every month, unlil said loan is fully paid; pay all taxes and al\sessments levied aga.im.i said premi$Cs and on this MOf1!l;1ge
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<br />and the Bond secured lhefl~by, bel' Ole delinquency; furnish approved insurance upon the buildings thereon in the sum of $ 37,000.00 payable
<br />to said ASSOCiATION; 'clWlY to said ASSOCIATION upon demand all money by It paid for such taxes, assesaments and insurance with interest.lIt
<br />the maximum legal nlte thereon from wue of payment all of which Mor!gagof h.eleby agJces to pay; pennit 00 waste on said premises; keep and comply
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<br />with all the agrcementsand cunditions of the Bond fill $37 t 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with aU the requirements of the Constitution and By.Laws 01 said A.'>SOCIATION; then thCile pre$Cnts shall become null and void, otherwise they
<br />shall relnain. in full force :lnd may be foreclosed at Ihe optioll of the said ASSOCI A nON after failure. for three months to make any of said
<br />payments or be. lhiree months in arrears in making said monthly paYlllilllts, or to keep and comply with the lIgl:eements and conditions of said Bond;
<br />and Mortgagor agJces to have a recei"",. apjrointed forthwith in such foreclosure proccedin,gs.
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<br />If there is any change in ownerwp oCtbe real estate moligaged berein, by sale or otherwise, then the entire remaining indebtedntsa hereby
<br />se.:urtd shall, at the. option of The Equitable .Building and Loan Association of Grand bland, Nebraska, become immediately due and payable without
<br />further notice, and the aJIlOUfit remaining due under said bOlld, and any other bond for any additional advances made thereWlder, shalI,from the
<br />liate of exercise of said option, bear inten~st at the lnaximum lc.'gll1rate, and this mortgage may then be foreclosed to satisfy the amount due unsaid
<br />bond,andany otbe~ bQnd fo~additionaI adVllllCCS, together with aU sums paid by said The Equitable8uilding aridLOlm Asaociation of Grand Island,
<br />. ~raslql for iWi1.ll!!Il1ce, tax~and assessments, :and abstracting exlensioncllarges., with.. interL'St thereon, from date of payment at the maximum
<br />iePlrate,
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<br />ovi<iedin the8Qnd. $Ccwcd belch)', while tilis mOJtgage remains ill.effec! themon~ may heleaftcladvance additional sums to the
<br />'.BO~~ their assigns or suooeSS(lrsin interest, which sums shall be within the security of this mortgage the same asthc fun4s orig,inany
<br />the total a,'11l,jWlt of pnu;;ipal debt not to exceed lit llllY time the originaJ. amO!l1lt of this mortgage.
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<br />June A.. D" 19 83
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<br />
<br />em
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<br />29tll
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<br />1983
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<br />dllyelf'
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<br />June
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<br />lhe u.miers~, II NoWy Public ill and for ~d County. peroo.nally ClIllle
<br />Kelsey, each hj.s and her own ris~trweu1r~s s~~t.roW&~
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<br />:$ llff~""d tu the alluve llndt.hey sewl1l\lly
<br /><u:t
<br />the dilll: ~fl)rl:llaJ:d.
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