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<br /> MORTGAGL
<br /> MORTCACI:LOAN N0.�,193
<br /> � KNON'ALLt+1IiN6YTtIGSEPRflSEN7S:That Stanley E. Johnson and Patricia A. Johnson, each in his
<br /> and her own right dlld d5 spouse of each other, �tortgagur,whetheroneurmore,inconsiderationofthesumof
<br /> Nineteen Thousand Six Hundred and No/100------------------------------------------uo��nxs
<br /> loaned tn said murtgagor by The liquitable Duilding and Luan Assuciation of Crand Island,Nebraska,Mortgagee,upon 196 shares of stock of
<br /> � said ASSOCIATION,Certificate Nu.L ZZ,193 ,Jn hereby grant,com•ey and mor(gage unm ti�e said ASSOCIATION the following
<br /> described�eal estate,situeted in Hall County,hebruska:
<br /> LOT EIGHT (8) IN BLOCK FIFTEEN (15) OF SCHIMt4ER'S
<br /> ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA.
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<br /> � togelher with all the tenemenis,hereditamems�nd appurtenances tlte�euntu belunging,inchiding xttached floor co��erings,all winduw screens, �
<br /> window shades,6linds,sturm windows,awnings,hea�ing,ai�conditioning,and plumbing and water equipment and acressuries therem,pwnps,stoves,
<br /> � refrigeraWrs,and other fismres and equipment now o�herenf�er attached to or used in cunnectiun���ith said real estate.
<br /> And whereas the said mortgagor has agreed and does herchy agree thut ihe mortgugur shull�nd will pay all taxes nnd asseuments levied ur �
<br /> i: � assessed upon said premises and upon this morigage and the bond secured thereby befnre the same shall btcome delinquent;to fumish app�oved
<br /> insu�ance upon�hc buildings on s�id premises si�uated in the swn uf S�9 600.�� P�Y���r to said ASSOCIATION and tu delivor to said
<br /> � ASSOCIATfON the pulicies for saiJ insurance;:�nd nut io mmmit ur permiZ any waste on or about said premises;
<br /> � In case o(default in ihe pertormance of any uf the terms and cundilions uf this murtgage ur thr bond securcd hereby,the murtgagee shall,
<br /> un demand,bc entitled to immcdiatc pussessiun of the mongaged premises and thc mongagor hereby assigns, transfcrs and sets over W the
<br /> mortgagee all the rents,re��enues anS income to be derived frum the mnngaged pcemises during such time as the murtgage indebtedness shall rrmain
<br /> � unpaiJ;and the mortgagee shall have the power to appuint anV t�en�m acents it may desire for the purpose ul repairing s�id premises and renting
<br /> ?� � the same and cullecting the rents,revenues and income,;�nd ii may pay oul of said incoinr all expenses of repairing said premises and necessary
<br /> - commissinns and expenus incurred in rentinc and managing ihe vme and of collrcting rentals therefrom;the balanre remaining,if an}�,tu be
<br /> - .ipplied to���ard the discharee o(said mortgaEe indebiedness:these rights of the monga�;ee may be exercised at any time during ihe exis�ence of such
<br /> - delauh.irrespective of any temporary u�aiver o(the same.
<br /> .t, � Thesr Praxnts,howevcr,aic upun�he Cunditiun,'fhat if the s�id\tortgagor shall repay said Iwn un ur before the maturity u(said sharcs by
<br /> � payment:pay munthly�o s�id ASSOC1AT10\o(ihe sum:peciGed in the liund securcd liereby es interest and principnl on said loan,un ur beforc
<br /> thc T��'entirth day uf cach and evcry munth,unlil said loan is lully paid;p�y ull��xes and�ssessmems levied against s�id premises and on this�tortgage
<br /> F and ihe Bond securrd ihereby,befurc delinyuency;lumish approved msuranee upon ihe buildings thereun in the sum ul S�9.6��•�� payable
<br /> " � co said ASSOGATIO\;repay tu said ASSOCIAI'IOti upun demaud ail muncy b}'it paid fur such t�xes,assessmen[s and insurancc with interest at
<br /> � �he maximum Irgal rate�hereun Gom date u(payment all o(which�IurtFaeur hereby agrees w p.�:permit iw waste un said pcemises:keep and cumply
<br /> ''. . �vith all the ugreeroen�s und cunJitiuns uf ihe Bond for S �9,6��.QQ this day given by the said�lortgugur to s:iid ASSOCIATIO\,xnd comply
<br /> � with all ihe reyuirements ut the Consti�utiun and Hy�Laws uf said ASSOCIATION:ihen thua presen�s shall become null and roiJ,utherwise the}�
<br /> shall remain in full(uree and may bc fureelused a1 Ihe uptiun uf Ihc said ASS(X'IA'TION after failure fur thrzc munths tu make any of said
<br /> payntents m be ihree nwnths in a�re��s in m�king snid munihly pnyments,or tu keep and cumpiy wiQi the agrezments and cunditions uf said Bond:
<br /> and 1lurtgagur agrces w hav�a receivcr appuinteJ fur�hw�ilh in such fureclosure pruceedings.
<br /> 1(there is any d�ange in uwncrship ol the rcal ataic mong�ged hercin,by sale or otherwise,ihen the entire iemaining indebtedness hereby
<br /> � ucurcd shall,al lhe optiun uf The Lquitable Uuilding and Loan Aswciation uf Grand Island,Nebraska,become immediately due and payable without
<br /> funhcr nuticc,�nd the amuunt rem�ining duc undcr s�id bund,and any uthcr bund for any additional advances made thereunder,:hall,frum thr
<br /> T date of exerciu u(s:iid op�ion,bcar interesi at Aie m�ximum Icgal rale,and this murtgdge may then be(omclosed to satisfy the amount due on said
<br /> bond,and any other bond(m additional advances,logether with all sums paid by said The liyuitable Building and Luan Association o(Crand Island,
<br /> 1e6raska(ur insurance,taxes and assesvnent:,und abstrac�ing extensiun ch�rges, wi�h interest thereon, (rom daro v(paymem at the mxximum
<br /> r� Icgalratc.
<br /> i As pruvided in�he Bond secured hereby,�vhile�t�is mu�tgage remams in eflect the�iiortgagee may l�ereafter advance additional swns lo the
<br /> makers uf said Bemd,their assigns or succesw�s in interest,which sums shall be within the security uC ihis murignge the same as the(unds uriginally
<br /> xcurcd thereby,the total amount of principal debt not tu exceed at any timr d�c uriginal amoun[of this mortc;age.
<br /> ���a�t,�5 21 st '� a:���r June n.n.,iv 76
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<br /> �� .'! n�l .�L'�4'1 /r.. ! �' �, , ' �-:� i '
<br /> tanley �cfhnson Patricia^A.�Jo nson
<br /> STATE OF NC•BRASKA,l Ss. On this Z�5 t day of Ju ne 19 ]6 ,befoce me,
<br /> COUNTY OP HALL� �
<br /> t e un si a 10• Public in and(or said Cou uy,personally came ��.
<br /> Stanley E. Johnson and Patricia A. Johnson, e�a�h �� �'f�' �n�"�er own right and as spouse `�'-"�'��'
<br /> Op e"�"� 1P��� are pe�sonally known to . N '
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<br />� L me�o ha;h�,id�Mic��js S ���huse name5 are alllxed to the a6ove irotrument as mortRagorS and they severally
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<br /> ac3:nowjla$ed�the saiA�tYtstru nt to be thei r vuluntary act and deed. t� ^
<br /> �,} 1 t1YfThl�S pi�hand and tvotanal Seal the date afo�esaid. .
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<br />` ; ���;bjy Co.IImiss n ezpires �..1:v�.�.� �.�J', I c�'t�: ' .���(:
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<br />.;,�; ; ! �rl�c ♦ tr . � Notary Public
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