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<br /> t�fORTGAGE
<br /> A90RTCAGIi LOAN NQ. L Z2,346
<br /> KNOWALLh1C:NDYTfIF.SGPRF.SEN'tS:That Kent A. JOI1t15011 and Gwen S. Johnson, each 111 f115 dlid flel'
<br /> " own right and as spouse of each other,
<br /> ; ________Atortgagor:whether one or more,in consideration of the sum uf
<br /> Forty-two 7housand Nine Hundred and No/100-- not�nRs
<br /> luanad to said mongagor by Thc F.quitable Duilding and Loan Assuciatiun of Crand IslanJ,Nebraska,Alortgagee,upon shares o(stock oF
<br /> ; � s�id ASSOCIATION,Certificate No.L 22,346 ,do hereby gmnt,convey und mortgage unto the said ASSOC[ATION dte Collowing
<br /> described real estate,situated in Hall County,Nebraska:
<br /> LOT THREE (3), BLOCK TWO (2) IN WESTROADS ESTATES SECOND SUBDIYISION, _
<br /> LOCATED IN THE NORTHWEST QUARTER OF THE NORTHEAST QUARTER (NLJqNE3;) OF
<br /> � ' SECTION THRITY-FI4E (35), TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10)
<br /> WEST OF THE 6TH P.M., IN HALL COUNTY, NEBRASKA.
<br /> s:' ;
<br /> together with�all the tenements,hereditaments and appur�enances thereunto belonging,including altached ilour coverings,all window umens, � . � . .
<br /> window shades,blinds,stmm windo�vs,awnings,Le�ting,air cunditioning,and plumbing and water equipment and accessories lliereto,pumps,stoves, � � �
<br /> re(rigerators,and other fixmres and equipment now or herea(ter attached to or used in cunnectiun with said real estate.
<br /> And wLereas the said morigagor has agrecd and does hcreby agrec that the mortgagor sh�ll and will pay all taxts and assessments levied or . � � . �
<br /> assessed upon said premises and upon this mortgage and the bond secip�d thr�by;be(ore[he same shall become delinquent;to furnisli approved
<br /> insurancc upon Ihe buildings on said pmmius situated in the smn of S 4 �yU UU p;�y�able tu said ASSOCIA'fION and to deliver to said . �
<br /> �,��� � ASSOCIATION lhe policies lor said insurance;and nol to cummit or permit any waste on or about said premises; . � �
<br /> In case of default in the performance of any of'the terms and conditions of this murtgage or the bond secuced hereby,die mortgagee shall,
<br /> '- on demand,be entiQed to immcdiate possession oC the mortgagcd p�emises and die murtgagor htreby assi��s, transfecs and sets over to the � � . � �
<br /> �i�'� . murtgagee all tl�e rcnts,revenues and incume to be derived(rom the mongaged premises during such lime us the mnrtgage indebtedness shall remain . .
<br /> � unpaid;and the morigagee shall have thc power tu appoint any agent or agcnts it may desire fur the purpose of repairing said przmises and renting� .. � .
<br /> the same and collecting the cems,revenues and income,and it may pay out o(said income all expenses of repairing said premises and necessary
<br /> commissiuns and expcnses incurred in renting and managing the s�mc anJ oC collecting rentals therc(rom;the balance remaining,iC any,to be
<br /> applied toward the discharge uf said mortgage indebtedness;these rights of Ihe murtgagee may be exercired at any time during the existence oCsuch - � �� - �
<br /> de(ault,irrespective o(any temporary waiver oC the same. � .
<br /> These Presents,huwever,are upon the Condition,That if d�e said Atorigagor shall repay s�id luan on or be(ore the maturity of said shares by �
<br /> paymrnL'pay munthly lo said ASSOCIATIOI�of the sum specified in the Hond secured hereby as interest and principal on said luan,on or befom
<br /> �:� the Twentieth day of each xnd evcry month,until said loan is fully paid;pay all t�xes and assessments levied against said premises andon this�turtgage
<br /> (���� � and�he Uond secured ihereby,be(o�e delinquency:(urnish approved insurance upon the 6uildings thereon in�he sum of S 42.90�•�� p�yable � ��� . �
<br /> to said ASSOCIA?ION;repay w suid ASSOCIATION upon demand all money by it paid fur such taxes,assessments and insurance with inierest at � � . � :�
<br /> the msximum legal rate thereon(rom date of payment all ul'which rtortgagur I�ereby agrees to pay;pennit no waste on said premises;keep and cumply � �
<br /> � 9��.�� �his da rven b the said�tort a or ro said ASSOClATION,xnd com I �
<br /> with all tlie�greements and wnJilion:o(the Bond ibr 5 4Z e )'g' )' B B P Y .
<br /> t � � widi all the rcquircmcnts of the CnnttiWtion and I3yLaws of saiJ ASSOCIATION:then these presents shall become null and void,otherwise they
<br /> 1� . sliall remain in full force and may 6e fureclosed at lhe option of Ihe said ASSOCIAT(ON a(ter failure Cor three months m make any of said
<br /> � paymenls ur 6e tl�ree months in arrears in makm@ said munthly p�yments,or!u ke.p ard compl��:ith the a;:eements and cor.di[io.^.s ot ssid L'or.c1; -
<br /> 5- � anP ubortgagur agmes to have a receicer appointed(orthH•ith in such foreclusure proceedings.
<br /> f'��� � If there is any change in oK•nc�ship of Ihe ceal estale mortgaged hecein,by sale m otherwise,then the entire remaining inJebtedness hereby
<br /> ��� � secured shall,ut thr ovlion of The Equilable UuilJing and Loan Assvciatiun of Grand Islartd,Nebraska,become umnedia[ely due and payable without .
<br /> �' � � further notice,and tlm amount remaining due unuer said'uoud,�ud uuy uti�ec nond io�any aduitional advances made thereunder,shall,from the
<br /> �� date of exercise of said option,bear intearst at the maximum legal rate,and this murtgage may then be foreclosed tu satisfy the amount due on said
<br /> �. bund,and any other bond for additional advances,together with all sums paid by said 1'he Equitable Building and Loan Aswciatiun of Grand Island,
<br /> , Nebraska for insurance,lxxes and assessments,and abstracting extension cLarges,with interest thereon,(�om da[e of payment at the maximum
<br /> Icgalralc.
<br /> As provided in the Dond secwed htreby,whilr this mortgage remains in efl'ect the mortgagee muy heceafter advance additional sums to the
<br /> makers of said Bond,lheir assigns m successors in interest,which sums shall be within the security uf this mortgage the same as the funds originally
<br /> secureS thereby,tl�e tolal amounl of principal debt not to exceeJ al any time the originat amount of this morlgage. �
<br /> o�j�d�t,�z ZZ� day uC September n.n..�`�76
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<br /> ' / �i �UG�'jCJ i��1�)�J1772�
<br /> . John Gwen 5. Jo nson
<br /> STATG OF NEBRASKA,1 22nd Se tember 76
<br /> 4 ss. On lhis day o( p 19 ,be(ore me, -
<br /> COUNTY OF HALL J .,
<br /> the under i ed,a Notary F;ub i in and for said County,per nally me
<br /> Kent A. Johnson and Gwen S. Johnson, each in his anc��ier own rig�`� and as spouse o�eac�i �'
<br /> ' other W�10 dre Personallyknownlo N
<br /> � me to be the identiwl person S whose name S dPB atfuced m the above instlu� t as murtgagor5 and they severally �
<br /> their � �
<br /> acknuwledged the said mstrument to be voluntary ac[and deed. � /� �
<br /> 'fi'" � ,,,�'17'N[$Sn'i9'han and Notarial Seal the date a(omsaid. �j' � �
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<br /> �..: Nutary Public
<br />✓�`� � 6�13M RI "
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