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<br /> �;�_ 0007zQ �
<br /> MORTGACf.
<br /> A10RTGAGE LOAN N0. L Z2,535
<br /> �townu.r�e�ueY�raesErtt�seNrs:rnat. Larry J. Christensen and Peggy L Christensen, each in his
<br /> � and her own right and as spouse of each other,
<br /> hfortgxgoc,whether one o:more,in conaideration of the sum of
<br /> , ! Twenty-nine Thousand Eight Hundred and No/100----------------------------------- Dp�A�
<br /> loaned�o said mortgagor by Tlm Equitable Building and Luan Association of Crand I:land,Nebraska,Afortglgee,upon 298. shares of stock of
<br /> said-ASSOCIATIUN,Certifiwte ho.L ZZ,535 ,do hereby grant,con��ey and mortgagt unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall Counry,Nebraska:
<br /> LOT TNRcE (3), LUSH SUBDIVISION, ItJ THE CITY OF GRAND IStAND, HALL COUNTY,
<br /> NEBRASKA, COMPRISING ALL OF LOT ONE (1) ISLAND ACRES NUI�BER 7, IN THE CITY
<br /> OF GRAND ISLAND, HALL COUNTY, NEBRASKA, SITUATED IN PART OF THE SOUTH HALF
<br /> {S',) OF FRACTIONAL SECTIOFI SEVEN (7) AND PART OF THE NORTHWEST QUARTER OF
<br /> THE SOUTHWEST QUARTER (NW;S'As) OF SECTION EIG�T (8), ALL IN TOWNSHIP ELEVEtd
<br /> (1T) NORTH, RNAGE (�INE (9) WEST OF THE 6TH P.M., I4 HALL COUNTY, NEBRASKA.
<br /> � , togeiher with all tht tenements,hereditaments and appurtenances�ltereunto belonging,including attached floor cv��erings,all w�indow screens,
<br /> "� � windox•sl�ades,blinds,storm windows,ax•nings,heating,air condilionu:g,and plumbing and watrrcquipment and accessoties thereto,pumps,stovts, � �
<br /> reGigararors,and other fixmres and equipment now or hereafter a[tactmd to or used in connecuon x•ith�id ceal esiate.
<br /> And whereas tha said mortgagor has agreed and does hereby aeree Uiat the mortRagor shall and will pay all tnxes and atussments levied or � � � �� �
<br /> �� assessed upon seid premixs and upon this mortea¢e and the bond xcured thereby betore the same shall become delinquent:to tutnish approred � � � � . �� .
<br /> inrurance upon the buildings on said promiszs siivated in the sum of 5 29�$QQ.QQ payable [o said ASSOCIATION and to deli�er to said
<br /> - ASSOCIATIOti ihe po(icies Cor said insurance;and no�to a�mmit or pe[mit any w•aste on or about said premises; � � �� � -
<br /> � ? � !n case oi drfaWi in the performance of any of the terms and condi[ions of this mortgaee or tlte bond secured heceby,the mortgagte shall, � � . -
<br /> on demand,be en[i4ed to immediate possession of the mortgaged premixs and the moncagor hereby assigns, uznsfers and SeU over ro the � � � �
<br /> mortcagee all the rents,revenues and income to be derived hom ihe mongaged premises during such time u the mongaer indebtedness shall mmain. � . � � � �
<br /> unpaid;and the morteagee shal]have the power to appoint any eeant or agents it may desue(or the purpose of repairing said premises�snd tenting � -
<br /> . the iame and collecune the rants,re�•enues and income,xnd it mav pay out o(uid income all expenus ot repairing ssid premises and neassazy . . .� . � . .
<br /> � commissions and expenses incurred in rentmg and mnnseing the�same and ot wllecting rrntals thtrciiom;the balnnce�emaining,it any,to be . � . �.
<br /> applied toward thr discharee ui uid morteage indebtedness;these rir:nts o(the mor[gagee ma}•be ex^rci�d at any time during the existence oC such �
<br /> default.irtespective of xny temporery•waiver of tht same. � �
<br /> . These Prcsents,hux�n�n,ue upon the Cundition.Th�t if the s�id Alortgagor shxll repay said loan on or beForo the maturity oi uid shares by � �
<br /> : payment:pay monthly to said ASSOC1A770N of the sum spedfied in the Bond secured hereby as�nteres[and prin�ipal on said 1oan,on or beforc . �� ;
<br /> the TH'^ntie[h day of each xnd erery month.until said luan is fully paid;pay al]tzzes xnd 2sses:m:nts In�ed xeautst said premises and on this\fortgage . �
<br /> . and the Bond setured thereby,betore delinquencc;furnish approved insurxnce upon the buildings thereun in the sum of 5 29�800.QQ peyable
<br /> -' to said?.SSOCIATION;�epay to said ASSOCIATION upon demand all monev by it paid for such tsxes,assessments and msurance w�rth intenst at � �
<br /> the maximum le�al rate thereon from dete of p3yment;Il of which hfo�tgagor hareby a�ces to pay;permit no wasm on said premises;keep and comply _
<br /> }�i�h all the agreemenu and condi�ions uf che Bond for S 29�BOO.00 this da}'givrn by the said�tottgagor to s3id ASSOCIATIO�,and comply
<br /> T�-� with alt the requirements of the Constitution and$yLaws of said ASSDCIATION;tfien these present:shall become null and void,othe�x•ix they . �
<br /> shall rem�tin in(ull fotce and m:�y be foreclosed at the option af ihe said ASSOCIATION after fiilure ior three months to make 2ny of said �
<br /> payments or be thiee momhs in xrrrars in makin�t uid momhly paymenis,or to keep and comply with the agreements and conditions oC said Bond;
<br /> and Dlortgagor agrea to hxve a�eceirer appointed forthw•ith in such Corecbswe p�oceedine,s.
<br /> If there is any change in ownership oC the real atxte mongaged he¢in,6y sale or otherwise,then the entuo remaining indebtedness he[eby
<br /> secumd shsll,at the option o(7'he Equitxble lluilding and l.oan Association o(Grand Ie]and.Nebnska,bacome immedutdy due and payabk uithout
<br /> � (urther notice,uid!he amount remaining due under said bond,and any other bund Cor any additional adtances made thutunder,shall,[rom the
<br /> date of exercise of said oplion,bear interest at the maximum legal raie,and this mortgagt may then be foredoud to satisfy the zmoun[due un said
<br /> �;-.'� bond,and zny other bond for additional adtiam:e:,together with all sums paid by said The Equitable Bw7ding and Loan Association of Grand island,
<br /> :iebraska for insurance,taxrs and asussments.and abstracting extension d�arges,with interest thereon,from date of payment at the maximum .
<br /> lrgalrate.
<br /> As pro��drd in the$ond xcured hereby,whila this mortgage remains in rlfact the mongagee may hereafter ad�•ance addiuonal sums to the
<br /> makers af said 3iond,their assigns oc succeuors in inteun,whith sums shall be within the security ot this mortgage the same as the funds originally �
<br /> xcwtd thereby,the totat amount of principal deht not to exaed zt any time the origina!amount of this morigaga�
<br /> Dat this t av of February �.D.,19]� �
<br /> "i C._ : — �%. /. ./
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<br /> ^arry s�ense Pegg : Christen'sen
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<br /> STATE OF NEBRASICA,�:s. On this 14th '�aY°f February 19]] ,be(ore me.
<br /> COUrIY OF HALL�
<br /> --g�.
<br /> the,undttu Cd a Not Pu61ic in and fnr d Co ty ersonall came
<br /> Larry J. Christensen and Peggy L. Christensen, eacn in�ii� anc�ryher own r�g�i� ao'� �� spo�se ,N
<br /> ' of each other, who dre personallyknownto �
<br /> L. me to be t6e identical persan S u•hox nacne s are sffixed to ihe above ins s mortgagor 5 andthey se�'erally ,�,
<br /> arknowledged the said iastcument t � thei r volunury act and deed. /�' ^�
<br /> � � . gp��p{pp�3�1lfi6�djlYa and Notarial Seal Ihe date aCorrsaid. `� � /� // / . � .
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