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<br /> �10RTGACE
<br /> MORTGAGE LOAN NO. L z2,5��
<br /> (7� ICNOWALLAtENBYTHESEPRESENTS:That Wa��dCB A. Johnson and Kathryn A. Johnson each in his d�d
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<br /> � her+own right and as spouse of each other �
<br /> � ______ btortg_gor_whethe_oneormort_inwnsiderationoi'thesumof_
<br /> � ? ' Forty-seven Thousand and No/100------------- ��A�
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<br /> 3` loaned to said mortgagor by The Equitable Building und Luan Aswciatioq of Crend Island,Nebrazka,Mortgagee,upon Q]Q shares of stock of .
<br /> v snid ASSOC►AT'ION,Certificate No.1. .22�5�� ,do hereby Frant,convey and mortgage unm the said ASSOCIATION the foilowing
<br /> - described real estate,situated in HaU County,Nebraska:
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<br /> LOT FORTY (40), IN RAVENWOOD SUBDIVISION, LOCATED IN THE SOUTH HALF
<br /> (S'�) OF THE SOUTHEAST QUARTER (SEaZ OF SECTION THIRTEEN (13), IN
<br /> � TOWNSHIP ELEVEN (11), NORTH, OF RANGE NINE (9), WEST OF THE 6TH P.M.
<br /> t HALL COUNTY, dE6RASKA, ACCOP.DING TO TNE RECORDED PLAT THEREOF.
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<br /> ' together with all the tenements,heredit�mrnt:and appurtenance:diereunto belonging,including attached Iloor coverings,all window scrcens,
<br /> �� � . window shades,biinds,storm windows,nw�nings,heating,aii conditioning,and plumbing and watcr equipment and nccessories theceto,pumps,stoves, � . �
<br /> z � refrigerators,and other fixwres and equipment now or hereafter attached to or used in cunnection with zaid reai estate.
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<br /> And whereas the saiJ mortgagor has agreed and does hereby agree that the mvrt3agor sf�all and will pay all taxes and assesunrnts levied or
<br /> 'j assessed upon said premius and upon this mortgage and the bond secured therebv before the ssme shall become delinquent;to furnish approved
<br /> ; 000.00
<br /> � insurance upon tlie buildings on said premises situated in tlie sum of S 4�, payable to said ASSOCIAT[ON end to deli�er to said
<br /> „ 'i ASSOCfATION the pollcies for said insurance;and not to commit or permit any waste on or about said premius:
<br /> , ,� In cau of deCault in the podormance of any of the terms and conditions o(this mortgage or[he bond ucured hereby,the mortgagee shall,
<br /> on demsnd,be entitled to immadiate possession of the mortgaged premiscs and the mortgagor herehy assigns, transfers and uts over to the
<br /> � mortgagee all the rents,rtvenues and income ro be derived trom the mortgaged premises during such time as the mortgage indebtedness sluU remain
<br /> unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpou of repairing said premises and rcnting
<br /> the same and collecting the rents,revenues and income,and it may pay out oC s�id income all expenses oI repairing said premises and necessary .
<br /> commiuions and expenses incurred irz ren[ing and managing[he same and o(wltecting¢n[als thereCrom:the balance cemaining,it any,to be
<br /> applied toward the discharge of said mortgage indebtedness;[hese rights o!the mortgagee may be exercised at any time during the existena of such
<br /> - default,irrespective of any tempo�ary waiver ot the same.
<br /> � Thes:Pres:nts,however,are upon the Condition,That ir thc said Afortgagor shall repay said loan on or be(ore thc ma[uritv of said shares 6y . . � . �
<br /> `���! paymenl;pay monthly to said ASSOCIATION oC the sum specified in the Aond secured hereby as interest and principal on said loan,on ot before . � � �
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<br /> the Twentieth day of each end every month,untii said loan is Cully paid;pay all taxas and assessments levied against said premises and on this�lortgage
<br /> and the Uond secured thereby,belore detinquency;furnish approved insurance upon the buildings thereon in the sum oC 5 4�����.0� payabk
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid(or such taxes,auts:tttents;tnd instuance with interest at
<br /> � the maximum legai rare thereon Gom date of paymen[all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply
<br /> with all the agreemenu and conditions of tlie Bond for S 4J,��0.OO��us day given by the said Dfortgagor to said ASSOCIATION,and comply
<br /> with all the requirements oC thc Constitution and ByLaws oC said ASSOClAT10N:then theu presents shall become nutl and voiJ,othenvix they
<br /> shali remain in full force snd may be(oreclosed at the option oE the said ASSOCIAT[ON after fai(ure for three monttis to make any of said
<br /> payments oc be thiee months iii arrexrs in making said monthly pxyments,ur to keep and comply with the agreements and condition:of svd Bond;
<br /> and Mortgagor agrees to have a«ceiver appointed forthwith in such foreclosure proceedings.
<br /> 1(there is any change in ownecship of the real atate mortgaged herein,by sale nr othenvisc,then the entire remaining indebtedness hereby
<br /> secured shall,at the option of The Equitable Building and I.oan Association of Crand Island,Nebraska,become immediately ducand paya6le without
<br /> Curther notice,and the amount remnining due under said bond,and any other bond for any addiqonal advances made thereunder,shall,from the
<br /> date of exercise of said option,bear interst at the maximum legal rnte,and this mortgage msy then be foreclosed to sati:fy the amount due on said
<br /> bond,and any other bond for additional advanas,together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br /> Nebraska for insurance,taxes and assessments,and abstracting extension charges,with interest themon,fmm date oC payment at the maximum
<br /> legal rate.
<br /> As provided in the Bond secured hereby,while this moctgage rcmains in efFect the morigagee may hereaf[er advance addi[ional sums to the
<br /> ` makers of said Bond,iheir assigns or succeswrs in interest,which sums iliall be within the securiry of this moRFage the same as the funds originally
<br /> f securtd theceby,tht total amount of pcincipa!debt not to cxreed at any time the originnl amount of thia mortgaga
<br /> : ; �aua h� 2n day o( March A.D.,1977
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<br /> athryn A. JoKnson
<br /> STATE OF NEBRASKA,�� On this 2�d day of Mdt'Ch t977 ,beforc me,
<br /> COUNTY OF H.4LL
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<br /> the undersigned,a Notary PubGc in and for reid County,personally came L ` '
<br /> � Ftallace A. Johnson and Kathryn A. Johnson each in his and her own r��ht and as sgouse of � N
<br /> each other F.��•-- . `" are e��s nallyknownto � ,
<br /> �- me to be the identical petson S ���ox�me,5��:�dre affued to the above instrument u mortgagor 5 and they severally �p
<br /> acknowledged the�id instrum �tp�br��thOjY`..� v�luntary act and deed. �
<br /> WITNFS�t@n82iid Notanal Sealthh��ate aCorcsaid. � �
<br /> t MyCa ont�cpucs'FU' E�''./ �!�'.�'� ���1�/.t� ('��C/4�YL��L_
<br /> i� f�, ` Nutary Pub�c
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