|
MORTGAGE 86- 106412
<br />MORTGAGE LOAN NO. 1. 24.683
<br />KWW ALL MEN BY THESE PRESENTS: Tint Ronald G. Kuhn and Michel D. Kuhn, each ir. his and
<br />her own right and as spouse of each other, Mortgagor ,whadmomormtxe,iaoomwwmiottofdr ' ;-.af
<br />Ejgbt Ttyptxnand Four Hundred area no/ 100 -------------------- «_ -- - -- � «������� DOL .ARS
<br />teemed to said taaetpgmr by The Equitable Budding and L ems Association of Grand Island, Nebraska, Mortgallee, upon 84 sheet of a leek of
<br />mid ASSOCIATION, Certifaate No. L 24,683 , do hereby grant, convey and nartgaee unto the said ASSOCIATION the following
<br />dnerA real estate, situated in Hall County. Nebraska*.
<br />Lot Eleven (11), Block One (1), in Better Horses Subdivision,
<br />an addition to the City of Grand Island, Hall County, NE
<br />together with an the tenements, hereditaments and appurtenances the+eunto belonging, including attached floor coverings, all window screens,
<br />window shakes, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the aid mortgagor has agreed and don hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon acid premaes and upon this mortgage and the bond secured thereby before the same cull become delinquent. to furnish approved
<br />imtuanoe upon the buildings on aid premises situated in the sum of S 8. 400 , 00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies fa said insurance; and not to commit o permA any waste on or about said premises;
<br />In sae of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assgtts, tramfert arid sets cop to the
<br />mortgagee all time rents, revenues and income to be derived from the mortgaged premaes during such time as the m rtgase indebtedness aha11 remain
<br />imp id; sod the mortgagee sun have the power to appoint any agerkt or agents it may desire for the purpose of repeam mid prm ms and renting
<br />the memo and collecting the rents. rem ties and 'atone, and it may pay out of aid income all expenses of repairing will premises will aeammy
<br />co ens and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />aopliod toward the discharge of said mortgage indebtedness. these tights of the mxrtgagoe may be exercised at any time during the existence of such
<br />andt, irmsp a tive of any temporary waiver of the same.
<br />These Presents. however, arc upon the Condition, That of the said Motgagur shall repay said ban on or before the maturity of mid shoes by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond scouted hereby as interest and principal on aid Icon, on or before
<br />the Twentieth day of each and every month, until said kart is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency-, furnish approved insurance upon the buildings thereon in an sum of S 8, 400.00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it had for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which MortVigo hereby agrees to pay; permit no waste on mid premises; keep and comply
<br />with an the agreements and amditions of the Bond for S 8 400.00 this day given by the sad Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of tax Constitution and By4 -aws o1 said ASSOCIATION; then these presents shall become nun and void, otherwise they
<br />shall remain in full forte ad may be foreclosed at the option of the aid ASSOCIATION after failure for three months to rake any of said
<br />payments or be three months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate m rtga,ed hereiei, by sale or otherwise. then the entire remaining indebtedness hereby
<br />secured sine. at the option of The Fgwtabk Building and loam Association of Gravid Island, Nebraska, become immediately due acrd payable without
<br />fwflser notice, and the Amount remains % due under said bond, and any other bond for any additional advances made thereunder, diae, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mot tgage may then be foreclosed to satisfy the amount due on sans
<br />bald, and any olhee loud fa additional advances, together with all sums paid by said The Equitable Budding and Loan Association of Grand Island,
<br />rklmasks for insurance, taxes and Assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />lagai tam.
<br />As provided it the Bond sec umd hereby, while this mortgage remains in effect the .^.r_rtgegee may hereafter advance additional sums to the
<br />makers of sad Bond, their assigns or successes in interest, which sums shall be within the security of this mortgage the same as the fonds originally
<br />secured thereby, the loud amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />DIU41 lus 6th otf November A. D., 19 86
<br />! I/
<br />+� \ f d
<br />STATE OF NE/IRASKlt, ae. On this 6th day of November 19 86 , before ma,
<br />Cf)<fllTY OF pU►Ll
<br />the undersigned. a Notary public in and for said County, f�rso any came
<br />Ronald G. Kuhn and ldictlel D. Kuhn, each in his and her'quwyieht a w}no as spouse of each
<br />d artFauxinal h Known to
<br />-other,
<br />an w he dw Aftilical parson 9 whom name S are affixed to the Abu"
<br />ackmowed(fed do mid acanmnaun to be their vdatnwy ad and deed.
<br />%S't74I SS my hand and Notarial Sal Ow date aforesaid.
<br />My Coeamawlun
<br />WOMA a
<br />mortgagor 3 and they sevetxU,v
<br />y
<br />At it
<br />e.e.:
<br />
|