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<br /> MORTGAGE
<br /> �fORTGAGI:L0ANN0. � 22,�OH MGIC
<br /> KNOW ALLAtEN UY THESGPRISENTS:That Duane A. Johnson and Dee A. Johnson, each in his and her �
<br /> own right and as spouse of each other
<br /> Mortgegor,whether one or more,u�consideradan oC the sum of
<br /> ; Twenty-two Thousand Two Hundred Fifty dild NO/�OO-------------------------------'---DOLLARS
<br /> ' luaned to said mortgagor by The Equiteble Duilding and Luan Associatiun of Grand Isiand,Nebraska,Mortgagee,upon Z22 shares of stock of
<br /> said ASSOCIATION,CertiQcale No.L 22 �Q$ MGI G do hereby grnnt,convey and mortgage unto the said ASSOCIATION the fotlowing
<br /> descri6ed real nstate,situared in Hall CounFy,Nebraska:
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<br /> LOT FOURTEEN (14), JONES ADDITION TO
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<br /> THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> NEaRASKA.
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<br /> together with alt the tenements,hereditaments and appurtenances[hereunto belonging,including auached floor coverings,all window screers, � -
<br /> window shades,blinds,storm windows,awnings,heating,air condilioning,and plumbing and water equipment anS accessories thereto,pumps,stoves, � . �
<br /> �; re(rigeratoes,and other fixwres and equipment now or here�fter attached to or used in connection with said ceal estate.
<br /> And whereas the said mortgagor has agreed and dues hereby a;rce that the mortgagor shall and will pay all taxes and asxssments tevied or
<br /> j assessed upon said premises and upon Qiis mortgage and the bond secured thereby betbce the same shvll become delinquent;to(urnish approved
<br /> insurance upon the buildings on said premises situated in lhe sum of S 22�ZSQ.QQ paYable to said ASSOCIATION and to deliver ro said �
<br /> ASSOCIATION Ihe policies for said insurance;and not to commit ur permit any waste on or abou[said premises;
<br /> �`i In case oC default in the pedormance of any o(the terms and conditions uf dus mortgage or the bond secured hereby,the mortgagee shaU,
<br /> :��� on demand,be enlitled to immediale possession of the mortgaged premises and the mortgagor hereby assigns, lransfers and sets uver to the � �
<br /> ._�j mortgagee all the rents,�evenues and income to be derived Crom the mortgaged premises during such time as the mortgage indebtedness shall remain � � _ �
<br /> '�� unpeid;and the mortgagee shail have the puwer to uppoint any agent or agents it may desire for the purpose of repauing said premises and renting � �
<br /> the same and cullecting the rents,revenues and income,and it m¢y pay out o(said income all expenses uf repairing said premises and necessary .
<br /> commissions and expenses incurred in renting and mana�ing the same and oC collecting rentals therefrom;the balance remaining,if any,to be �
<br /> $:;. applied toward the di:cherge of said morigage indebtedness;these rights of tlie morlgagee mxy be exerciud at any time during Ihe e�cistena of such . . . � . �
<br /> :I de(ault,irrespective o!any tempurary waiver o(the same.
<br /> ,r? These Presents,however,are upon the Condition,That if the said htortgagur shall repay said loan on or befoee the maturity oC taid shares by � �
<br /> payment;pay monthly to said ASSOCIATIOt�o(the sum specified in the Bond secured hereby as intemst and principal on said loan,on or 6efore
<br /> �'.; the Twentielhdey o(each and every month,until said loan is fully paid;pay all tares and asscssments levied agains[:aid premises and on this Mortgxge � �
<br /> and the Bond secured thereby,before delinquency;furnish approved insurance upun Ihe buildings•thereon in the sum o(S 22�25Q.QQ payable � . � �
<br /> to said ASSOCIATION;repay m said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at . � �
<br /> ;_�% the maximum legal rate theceon(rom date of payment all of which bfortgagor hereby agrces m pay;permit no waste on said premises;keep and comply . .
<br /> } with all the a reements and conditions of the Bund for 5 (�(�this da rven b the said�tort a or to s:aid ASSOCIATION,and com I
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<br /> with all thc requirements o(the Constitution and 8yLaws ot�aW rC$SL�lATION;Ihen these presents shall become null and vuid,utherwise they
<br /> 4 :hall remain in full force und mvy be(urcclosed at�he up�ion uf the said ASSOCtATION af[er failurc (or three monU�s to make any of said
<br /> paymenls or be three munths in arrears in making said monthly payments,or to keep and cumply with qie agreements and cundi[iuns ui said�ond;
<br /> and Mottgagor agrees lu have a receiver appointed forthwith in such(oreclowre pruceedings.
<br /> 1(Q�ere is eny change in ownership n(the real estate mortgaged herein,by sale or othenvise,then the entire remainin¢indebtedness he�oby
<br /> secured shall,al Ihe option uf The Equitnble Building and Loan Association of Grand Island,Nehraska,become immediately due and payable wilhou[
<br /> further notice,and the amount remaining due under said bond,and any other bond fur any additional advances made thereunder,shall,from the
<br /> date oC exercise ot said option,bear interest a[the maximum legal�att,and tl�is mottgage mdy then be fo;eclo�d to:atisfy the amour.t due er.:^.id .
<br /> bund,and any olher bund for additional advances,together with all sums paid by said The F,quitable Building and Loan Aswciation of Crand[sland,
<br />�: 1 Nebraska for insurance,taxzs and assessments,and abstractinc extension charges,with interest thereun,fmm date of payment at the maximum
<br /> legal rata
<br /> As provided in the BonJ secu�ed hereby,while this mortgage rem�uns in e((ect the mortgagee may hereafter advance additional sums to the
<br />— tnxkers ol�vid Bou�,dieir auigns or succes>er;in interase,wnich sums shait oa wiihin che securicy at tnis mang;,gc t;,c same as the i¢nds or:3inauy
<br /> secured the�eby,the total amount of principal debi not to exceed at any time the original amount of this mortgage.
<br /> Uated�his �' th day oP Mdy A.D.,I) 76
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<br /> ' �t�V'-.-��-�-- � c e_ ��l `� �r�h�,'u1_n,l J
<br /> uane A.�c7ohnsonv Dee A.Johnson
<br /> STATE OF NEBRASKA,�ss. On this 5th �ay of tqay 19]( ,befure mz,
<br /> COUNTY OF HALL �
<br /> ihe undersigned,a Notary PubGc in and for said County,perwnally came . ` � �
<br /> Duane A. Johnson-and Dee A. Johnson, each in his and her own a =•�
<br /> right and d5 spouse of each other W�1O are personallyknownto 3,
<br /> f ine to be the identical rson whose na '�'���" J � '
<br /> . pe S rLW� �, (���T2��`ixed to the above instrumen[as mortgagor S and they �°����Y �"sY ���
<br /> �. F And deed. � ��
<br /> acknowledged�he said instrument to be t •�Otll�nk7r�C�e�
<br /> y W[7'NESS my hend and ai�fal�the de�dafprf�,tVi�J.' �
<br /> Afy Commission expires r C'� y `�
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