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<br /> hfOR7CACE '
<br /> MORTC,ACE LOAN N0. L 22.564
<br /> KNOWALLMENBYTHFSEPR@SEN7'S:That Harold Rudolph Janzen and Darline Rachael Janzen, each 1I1
<br /> �f
<br /> his and her own right and as spouse of each other �
<br /> ' ____________h�ortgagor_whetheroneormore,inconslderetionoftheaumof
<br /> � Twenty-eight Thousand and Plo/100------ ------- ��A��
<br /> loaned to ssid mortgagor by The Equitablc Duilding and Lnan Assoctiation of Crand Island,Nebmsl:e,I�tortgagee,upon 2$0 shares of srock of
<br /> said ASSOCIATiON,Cenificate No.L 22.564 ,do hereby grant,convey and mortgage unto the said ASSOCIATtON the following
<br /> described real estate,situated in Hal!County,Nebraska:
<br /> LOT FOURTEEN (14), BISHOP HEIGHTS SECOND
<br /> SUBDIVISION, HALL COUNTY, NEBRASKA.
<br /> ;
<br /> f ; toge[her with all che renemenis,liereditaments and appurtenances tliereunto belonging,including attached Ooor coverings,sll window screens,
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and waterequipmen[and accessories thereto,pumps,noves,
<br /> reGigerators,and other fixtures and equipmem now or harcaRer attached to or used in wnnection with raid real estate.
<br /> ' ; And whereas the svd mortgagor has agrced and does hereby agrre that the mortg�gor shali and will pay all taxa and assessments levied or
<br /> y ; uxssed upon said premius and upon diis mortgage and tlie 6ond secured thereby 6eFoce the same shalt become delinqurnr,to furnish approved
<br /> insurence upon thr buildings on said premius situated in the som ot 5 2$�Q0�.0� payable to said ASSOCIATION and to deliver to said
<br /> ASSOCIAT(ON the policies for said insurance;and not ro commit or permit any waste on ur about said premises;
<br /> _ [n case of de(ault in the pertormance of any of the terms and conditeons o(this mortgage oc the 6ond secured herehy,the mortgagee shall, � . � � -
<br /> " ' on demand,be entitled ro'unmediate pusseuion of the mor[�aged premises and the mortF,gor hereby assigns, transfers and sets over to the
<br /> % mor[ e all the rrnt:,revenue:and income ro be derived from the mort
<br /> BaB� gaged premises during such time as the mortgage indebtedneu shall remain
<br /> unpaid:and the mortgaga shall have the pov:er to appoint any agent or agents it may d:sire(or the purpose oC ropa'uing xaid premises and rmting � " �
<br /> the same.and mllecting ihe rents,rerenues snd income,and it may pay out ot zzid income a11 expensea of repairing said premises and necasary � � � � � � � . �
<br /> �., 3 wmmissions and expenses incurred in renting and managing the same and oi coUeciing rentals thorefrom;the balance remaining,it any,to be
<br /> ` applied toward the discharge of said monQage indebtedness;diese rir.,Jits oC the mortga;:e 7nay be exuciszd at a��y time during the existrnce o(such
<br /> c�-� ' drfault,irmspecti�x of any temporary waiver of the sama . � � � j
<br /> These Preunts,hoN•ever,are upon the Condition,Th�t if the said�iortgagor shall repay said loan on or before the matutity of said shares by � � i
<br /> payment;p3y monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as inmrest and principal on said loan,or,ur beicm
<br /> tha Twentieth day af each and e�•ery month,until said loan is fully paid:pay all t�xes and assessments levied a¢ainst said premises and on this lfurtgsge �� � . �
<br /> ,, ; and the Fiond s:curcd thereby,betore delinquency;fumish approvtd insuau�ce upon the buildings themon in the sum oC S�$ OOO.0� p�Yable
<br /> (o Said.1SSOCIATION;rep�;!0 5=_id ASSOCIATION tlp:.�da^.:r.d a1.loney by ii jieiu io�suCh iaXci,us�c>ullcilU eiiu u1�.9uiiuicc Wiil�ui[clext at �
<br /> ',�.'� the ma�cimum legal rate thereon Gom date of payment atl of which Alort¢agor hareby agrees to pay;permit no waste on said premius;keep and comply -
<br /> with all the agrcements and mnditions of the Bond for S ZB�OOO.00 lhis day given by Ihe said Mortgagor to said ASSOCIATlON,and compty
<br /> with ali the tequuements of ihe Constiwtion and ByLaws of said ASSOCIATION;thrn these presents shsll become null and wid,otharwise thcy
<br /> slull rcmain in full fo�ce and may be fotecloud at the option of the s�id ASSOCIATION atter failure for three mon[hs to make any oC said
<br /> paymonts or be three months in auears in making said monthly p3yments,or to Aeep and compiy with the agreements and conditions of said➢ond;
<br /> . and AtoYt�agor agrees to have a receiver appointed forthwidt in such forcdosure proceedings.
<br /> i lf there is any change in ownership o([he rea)ettate mortgaged Itertin,by sale or otherwise,then the rntire remaining indebtedneu heroby
<br /> ucured sha0,at the option of The Equitable Building and Loan Association o(Grand 1slsnd,Nebraska,become unmediately due and payable without
<br /> funher notice,and�he amount renuining due under said bond,and any other bond for any addivonal advances made themunder,shall,from the
<br /> date of ezercise of said option,bear interes�at the maximum legsl rate,and this mortgage may then be Ibreclosed to sstisfy lht amount due on taid
<br /> bond,and any other bond tor addi[ional advance:,together with all sums paid by said The Equitabie BuHding and Loan Association oC Grand liland,
<br /> Ne6raska for insurance,taxes and asscssmtnts,and ab:tracting extension charges,with interert themon,from date of payment at the m�.ximum
<br /> legalrate.
<br /> As prorided in the Bond ucured hereby,while this mortgage remains in e(tect the mortgagee may hereafter ad�vnce additional sums to the
<br /> makers ot said Bond,theu azsigns oe successors in intemst,which sums shall be within the ucurity of this mort@age the same as the fundt originally
<br /> securec thereby,the total amount of principal debt not to exaed at any time the original amount ot this mortgaga
<br /> Date cn� 28t d of February �. n.n.,�9 77
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