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105524 MORW"F MORTGAGE LOAN NO, HI -840 FHA Kenneth A. Kimminau and Joan A. Kimminaur each in his and her own right and as spouse of each other MortPeoe, whether one or mace, in mwiderstim of 00 s s of _FAR Thnuoand Twn H tndr d Thirty Fight. and no/ 100---- _r-------- ------- ----- - - -- DOLLARS {Dane! to said mapp s by The FAlutable Btdlditts and lxtan A sociation a Grand Island, Nebraska. )Horne w, upon 523' slailimassockeir sail ASSOCIATION, Certifsaa No. L HI -840 FHA . do hereby grant. coney and mortgage unto the aid ASSOCIATION the foiowing desesibed real estate, situated in !tall County, Nebraska: in Block Seventeen (17) in Bonnie Brae the City of Grand Island, Hall Co., RE together with all the temiurnts, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window scrim, window shades, hinds, storm windows, awnings, heating, air conditioning, and plumbing and water equtprtiett and accessories thereto, pumps stoves, refrigerators, and other fixtures and equipment now. x hereafter attached to or used in connection with said real estate. And whereas the said mortgatnr has agreed and does hereby agree that the mortgagor shall and will pay all taxes and aseemmenls kvkd or assessed upon said premises and upon this mortgage and the bond seared thereby before the same stall become delinquent; to famish approved assurance upon the buildings cot said premises situated in the sum of S 5, 238.00 payable to said ASSOCIATION and to deliver to said ASSOCIATION the policies for said missiarim; and not to commit or permit any waste on or about said premises; In case of defauh in the performance of any of the terms and conditions of this mortgage or the bond segued hereby, the mortgagee shall, on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns. transfers and sets over to the morsppee all the rents. revenues mod income to be derived from the mortgaged ged premises during such time as the mortgage indebtedness shall remain unpaid; and the marigiggx shall have the power to appoint any agent or agents it may desire for the purpose of repamag amid pies. and renting the saw and collecting the rents, revenues and income, and it may lay Out of said income all expenses of repairing aid premises and necessary commuisains and expenses incwred in renting and managing the same and of collecting rentals therefrom; the balance rentainag, if racy, to be applied toward the discharge of said mortgage indebtedness; these :iglus of the mortgagee may be exercised at any time during the existence of such default, irrespective of any temporary waiver of the same. Tbew Presents, however, are upon the Condition. Thai if the said Mortgagot shall repay said ban on or before the maturity of said shares by payment, pay monthly to said ASSOCIATION of the sum specified in the {fond secured hereby as interest and principal on said loan, on or before 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 and the Bond secured thereby, before delinquency, furnish approved tnsurance upon thebuibings thereon in the sum of $ 5 238.00 payable to said ASSOCIATION, Nd, repay to said ASSOCIATION upon demand all m mey by it paid for such taxes, assessments and im�surana with interest at 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 with all the agteemenis and conditions of the Bond for S 5, 23 8.00 this day given by the said Mortgagor to said ASSOCIATION, and comply with all the requirements of the Constitution and By12ws of said ASSOCIATION, then these presents shall become null and void, otherwise they sell remain in full forte and may be foreclosed at the options of the said ASSOCIATION after failure for three months to make any of said payments or be three rncriths in arrests to malting said monthly payments, or to keep and comply with the agreements and conditions of said Bond; aatl Motg*m agrees w have a renewer appointed forthwith in such forecbsure proceedings. If there is any chmW in ownership of the real estate mortgaged herein, by ale or otherwise, then the entire remtinieg erk6rtedtiess hereby secured shall, at the otplim of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without fwdw notice, and the amount remaining due under said bond, and any other board for any additional advances made thereunder, shall, from the date of esercur of sand option, bear interest at the maximum legal rate. and this mortgage may then be foreclosed to satisfy the amount due on aid botd,and any other bond for additional advances. togcthet with all stirs paid by sud The F.gtitable Building and Loan Association of Grand Island, Nebraska for insurance, taxis and assessments. and abstracting extension charges, with interest thereon, from date of payment at the maximum dew rate, As provided in the Bond sectored hereby, while this mortgage retrains in effect the mxxtgmgee may hereafter advance additional sums to the makes of aid Stmt, their assigns or successors in interest, which stuns shall be within the security of this mortgage the same as the funds originally seeuted thereby. the total amount of principal debt not to exceed at any time the original amount of this mortgage. STATE. OF NEBRASKA, CMNTY OF HAIL i< day of 19 by . before me. the undersigned, a Notary Public in and for said County. personally trine Kentieth A. Kicra nau and .bar{ A. Kimninau, each in his and tier own r' g tit and as spa k Of each other care personally ttuwn to has to be the identical psr:m ;t whose Manx :3 ar'02 affixed to the atiow nistrutment ere trnrtgagot ahsd ? hey aevelstly ackrxrwledNed the traf imslrunrent t<. he t1" el l' "untary act and deed WITWSi my hand and Notarial :neat tits date alirewo r e' Ar-