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<br /> 76- 000310
<br /> MORTGAGE
<br /> u.'. MORTGAGE LOAN NO. L 21 ,946
<br /> z KNOW ALL MEN BY THESE PRESENTS:That Ronald W. Christensen and Trindasue Christensen, each in
<br />?a - his and her own right and as spouse of each other, Mortgagor,whether one or more,in consideration of the sum of
<br /> ', . Twenty-seven Thousand Five Hundred and No/100 DOLLARS
<br /> i loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island,Nebraska,Mortgagee,upon 275 shares of stock of
<br /> said ASSOCIATION, Certificate No. L
<br /> described real estate,situated in Hall County21, ,946Nebraska: do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br /> la. LOT TWO (2), IN BLOCK TWENTY-FIVE (25) IN
<br /> 1' PACKER AND BARR'S SECOND ADDITION TO THE
<br /> CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
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<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br />),i''''' window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> T refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br /> 3 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 thereby before the same shall become delinquent;to furnish approved
<br /> insurance upon the buildings on said premises situated in the sum of S 27,500.00 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;
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<br /> In case 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 premises and necessary
<br /> f commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance 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 /> 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 /> payment;pay monthly to said ASSOCIATION of the sum 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 /> and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of$27,500.00 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 27,500.00 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 /> 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 />.s._ 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 /> ated this 20th day of January AD.,19 76 '
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<br /> sI • onald W. Christensen Trindasue Christensen
<br />' STATE OF NEBRASKA, ss On this 20th dayof January76
<br /> COUNTY OF HALL 19 before me,
<br /> 7.-4?-',.*:-
<br /> the undersigned,a Notary Public in and for said County,personally came •.
<br /> ' Ronald W. Christensen and Trindasue Christensen, each in his and her own right and as
<br /> spouse of each other, who are personally known to
<br /> .� . me to be the identical persons whose names are affixed to the above instrument as mortgagor s and they severally
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<br /> acknowledged the said instrument to be their voluntary act and deed. „.....------.\, "r •
<br /> A. ..:'i- Wft; SSTmyTiirtd and Notarial Seal the date aforesaid. /'f 7/ /i`
<br /> '•MyrCurtimts ioriexpires �/' /G ' l 4.
<br /> —.3732M .'---' - �/, i�J 7 9 Notary Public
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