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<br />Mrc~RTGAGE _
<br />MORTGAGE LOAN NO. L X3,624
<br />KNOwALLMENBYTYlESEPRFSEN7'S:That Kenneth A. Kimminau and Joan A. Kirrlminau, each in his
<br />and her own right, and as spouse of each other
<br />-------- Mortgagor, witether one or more, in cansidention ~ the stmt of
<br />Sixteen Thousand and Noj100---------------- __________________ _____ oo[a.ARs
<br />loaned to said mortgagor by The Equitable Budding and Loan Asaoc~tion of Grand Island, Nebraska, Mortgagee, upon ~ 60 shares of stock of
<br />said ASSOCIATION, Certificate No. L 3,624 , do hereby grant, convey srtd mortgage unto flu said ASSOCIATION tlse followitt6
<br />described real estate, situated in troll County, Nebraska:
<br />LOT TWO (2) IN BLOCK SEVENTEEN (17) IN BONNIE BRAE ADDITION
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together with aB the tenements, hereditaments attd appurtenances themunto belonging, includi[rg attached floor coverings, all window saeens,
<br />window shades, blinds, storm windows, awnings, heating, air wnditioning, and plumbing amt water equipment and aecessaties thercto,pttmps,stoves,
<br />- refrigerators, and other fixtures and equipment rrow or hereafter attached to or used in canner' ion with said teat estate.
<br />',i ~ And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assesments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shag become delinquent; to furnish approved
<br />insurano upon the buildings on said premi.~s situated in the sum of 3 16 , 000.00 payabk to sasi ASSOCIATION aced to det-ver to mid
<br />ASSOCIATION the pohcies for said insurance; and not ±o 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 ahaB,
<br />on demand, be entitted to immediate possession of the mortgaged premises and the mortgagor hereby assigns, traastbrs and sets over to tlm
<br />a+urtgagee all the teats, revenues and income to be derived from the mortgaged premises during such Firm as the mortgage indebtedness xhaB remsm
<br />- unpaid; oral [Ire mortgagee shag have the power ro appoint any agent oc agents it may desire far the purpose of repaving sad premises and renting
<br />the same and colkctirtg rho rents, revenues and income, and ii may pay out of said income all expenses of repairing said premises amd neceaary
<br />commissions and expenses incurred in renting and atanaging the same and of ~Ikcting rentals therefrom; the balance remaining, if any, to be
<br />_ applied toward the discharge of said titartgage indebtedness; these rights of the rtxrrtgaget may be exercised at any hate duriag d~ ex~lence of sudt
<br />default, Srrespective of any temporary waiver of the same.
<br />'Those Presents, tmwcvcr, arc upon the Condition, The[ if the said Mortgagor shall repay saitt loan on or before the arsturity of said shares b3'
<br />payritent; pay monthly tcs said ASSOCIATION of the sum specified in the &md secured hereby as interest and principal on said toga, on or before
<br />tt~ Twentieth day o€ each and every month, untiE said loan is fully paid; pay all taxes and assessments levied against said pramixs and on this Mortgage
<br />and Lhe- Bend 4?rured thereby, ?+ef rs del•:rsgtxncy: furnish approved insurance upon iho builda~s its =;t tt~ siren of 3 ~ 6 , 00~. 00 payable
<br />j to said ASSt~IATiON: repay to said ASSOCIATION upon demand all money by it paid for such taxes, assrssaneais and insurance with interest at
<br />C~ r>~ximum rate t:~reon front bate of paytt~rtt alt of withh Mortgagor lx,~bp ogees to pay; po,-niit;,o s,a rat Sabi ~~ri~s; ic~p and m®ply
<br />j
<br />with al's the agreements and ~radirions of the trend fur S ~ 6 , tJ00, D© this day given by the said Mortgagor to raid ASSOCIATION, and eompy
<br />with all the requiretrxnts ut the Constitution and By~l.aws of uid ASSOCIATION: then these prexnts shall become nuB and void, otherwise they
<br />shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after fsilurc for three months w make lay of said
<br />payments or be three months in arrears in making said nurn[hly payments, or to keep and comply with the agreements and conditions of said Borrd;
<br />artd Mortgagor agrees W have a receiver appointed forthwith in such forcdosure proceedings.
<br />if there is any change in owtecrship of the real estate mortgaged herein, by sttk ar otherwise, then the erxire remaia~ adebtednesv hereby
<br />secured shag, at the optiat of The tiyuitabk Building and I..oart Association of Crand Island,Neb~aska,became imar~tery due and payabb without
<br />further notice, and the amount reraaiaing due under said bond, and any other bond for ury additioaai advance made thereunder, shag, Cosa the
<br />date of exercrae of said option, bear interest at the maximum kgat rate, cad this mortgage may then be foreci~ to ttatisfy t!u amount due oa said
<br />band,and any other bond for additional advances, together with all sums paid by said The f:quitabk Buuldiag and Luaq Assataation of Grand Isand,
<br />Nebraska fur insurance, Faxes and assessments, and abstracting extension charges, with interest thereon, Crom date of payment at rho maximum
<br />kgat rate.
<br />As provided in the Bnnd secured hereby, while this mortgage remains in effect the rttrsrtgagx may hertafier advance additional sums to the
<br />makers of said Bond, their assigns ar successors in interest, whiclr sums shag be within the security of this mortgage the scare as the fupds origiitatty
<br />secittcd tlrereby, the total amount of principal debt not to exottd at any time the or~tnaE amount of this mortgage.
<br />Ihtea this 16th. day of November A, o_, tv 74
<br />LI.
<br />,`°°i~enneth ~. Kimmi u ~ s`-
<br />w~iVoan A. Kiiraninat~
<br />= STATE OF NEBRASKA, ~ ~. On finis 16th , day of November I q 74 , befare ,~,
<br />C~[INTY OF L4ALL
<br />the undersigned, a Notary Public in and for said Cotmty, personally carne
<br />Kenneth A. Kimminau and Joan P,. Kimminau, each in his and her own ~~ht, and ass tie of
<br />each other are a"DO~' °"'°f°
<br />tae to be the identieal person 5 why are affuted to the above instrument ss mortgagor 5 std they severaQy
<br />acknowledged the acid insirurrwnt w Ire their velzmtary act aced decd,.
<br />~ITNf;SS my stand and r'iotarial Seal fire date aforesaid.
<br />My Commission expues
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<br />tarasar at ! ~ ~'E ~ otary Public
<br />f .,,
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