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<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L 21 .938 MGIC
<br /> t[tI' ,.,w ; KNOW ALL MEN BYTHESEPRESENTS:That Kenneth L. Henman and Vera L. Henman, each in his and
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<br /> her own right and as spouse of each other,
<br /> Eleven Thousand Seven Hundred and Nn/10f1 Mortgagor,whenhcroneormore,inconsideratloaofthesumof
<br /> DOLLARS
<br /> loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island.Nebraska,Mortgagee,upon 117 shares of stock of
<br /> said ASSOCIATION,Certificate No. L 21,398 MGLQo hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> fy described real estate,situated in Hall County,Nebraska;
<br /> s'.
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<br /> LOT TWO (2), IN BLOCK THIRTY NINE (39) , IN RUSSEL
<br /> WHEELER'S ADDITION TO THE CITY OF GRAND ISLAND,
<br /> ' NEBRASKA.
<br /> together with all the tenements, hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning.and plumbing and water equipment and accessories thereto,pumps,stovs,
<br /> refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br /> And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br /> assessed upon said premises and upon this mortgage and the bond secured the:cby before the same shall become delinquent;to furnish approved
<br /> insurance upon the buildings on said premises situated in the sum of S 11,700.00 payable to said ASSOCIATION and to deliver to said
<br /> ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises;
<br /> In cas•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 assigns, transfers and sets over to the
<br /> mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br /> unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br /> the same and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said
<br /> commissions and expensesPe P premises and necessary
<br /> uncurred in renting and managing the sante and of collecting rentals therefrom: the balance
<br /> nce-remaining,if any,to be - -
<br /> applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such
<br /> default,irrespective of any temporary waiver of the same.
<br /> 4.
<br /> t. These Presents.however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br /> L.::.. - payment;pay monthly to said ASSOCIATION of the suns specified in the Bond secured hereby as interest and principal on said loan,on or before
<br /> 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
<br /> 1,t and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of$ 11 ,700.00 payable
<br /> to said ASSOCIATION:repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at "
<br /> " 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
<br /> with all the agreements and conditions of the Bond for S 11 ,700.00 this day given by the said Mortgagor to said ASSOCIATION,and comply
<br /> with all the requirements of the Constitution and By-Laws of said ASSOCIATION: then these presents shall become null and void,otherwise they
<br /> shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make 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 mortgaged herein,by sale or otherwise, then the entire remaining indebtedness hereby
<br /> secured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br /> further notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the
<br /> date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said _
<br />-.f., bond,and any other bond for additional advances,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 thereon, from date of payment at the maximum
<br /> legal rate.
<br /> As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br /> makers of said Bond,their assigns or successors in interest,which sums shall be within the security of this mortgage the same as the funds originally
<br /> secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage. •
<br /> I' p� Dated thisi 13th day of January A.D.,19 76
<br /> s " Kenneth L. Henman . - Vera L. Henan
<br /> STA1'EOFNEBRASKA,i.
<br /> 13th da of Januar
<br /> - COUNTY OF HALL ss. On this y y 19 76 ,before me,
<br /> �w .g,4
<br /> the gndersigned,a Notary Public in and for said County,personally came
<br /> Kenneth L. Henman and Vera L. Henman, each in his and her own right and as spouse of I~
<br /> �r, who personallyknown to a
<br /> s �z� are
<br /> emelt be Qfti tjltal persons whose names are affixed to the above instrument as mortgagor g and they severally
<br /> a cknowledged'-ti a sald.instrument to be their voluntary act and deed. t d
<br /> If t WITNESS my hand and Notarial Seal the date aforesaid.
<br /> Jvly Qommissian expires j l
<br /> y :,)`w U.:.'t r (I ., i pit
<br /> 373.2M Notary Public
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