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<br /> 7�*° 005437 �
<br /> MORTGACE
<br /> MORTGAGL•LOAN NQ L ZZ,3�7
<br /> � KNOWALLAIENBYTHESEPRLSGNTS:TI�at G8Y'd�d N. Lenstrom and Evelyn D. Lenstrom, each 111 h15
<br /> � and her own right and as spouse of each other, hlortgagor,whetheroneormore,inconsiderationnCthesumof
<br /> � 7wenty-nine Thousand dtld NO/�OO-----------------------------------"'--'--""" DOLLARS
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<br /> loaned tu said mortgagor by The Cquitable 9uilding and Loan Associatiun oC Grand Island,Nebraska,�fortgagee,upon Z9O shares of stock of
<br /> said ASSOCIATION,Certificate No.L 22,347 ,do hereby grant,convey and murtgage unto the said ASSOCIATION the following
<br /> Jescribed mal estatc,situatcd in 11a11 County,Nebraska:
<br /> � LOT FIFTEEN (15) AND THE WESTERLY TW0 (2) FEET OF
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<br /> LOT SIXTEEN (16) IN [iLOCK ONE (1) IN KNICKREHM
<br /> THIRD ADDITION TO THE CITY OF GRAND ISLAND, PJEBRASKA.
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<br /> logether wi�h all the tenemrnts,hereditaments and appurtenances diereuntu belonging,including nttached iloor coverings,all window screens, � : . � � .
<br /> winJow shades,blinds,swrm windows,awnings,heating,air conditioning,and plumbing and walerequipment and accessuriet thereto,pumps,stoves,
<br /> �`��: refrigerators,and other fixtures and equipment now or hereaiter at[ached to or used in comiectiun wid�said real esta[e. � � . �
<br /> `� ''� And whereas the said mortgagoc has agrecd and does l�ereby agrce that the mortgagor shall and will pay all taxes and assessments levied or � . � �
<br /> ",�.:�f assessed upon said premises and upon this mortgage and the bond secured thereby befure the same shall become delinquent;to Curnish approved : .
<br /> insurance upon the buildings on said p�emises situated in the sum o(S 29����.�� payable to said ASSOCIATION and tu detiver to said � �
<br /> is����.�i+ ASSOCfAT10N�he policies for saiJ insurance;and not to commit ur permit any waste on or about said premises� � � �.
<br /> hi case o(de(ault in ihe perCormance of any oC the ternu and condi�ions o(this mortg�ge or tlix bund secured hereby,Ihe mortgagee shall,. � � � � ��
<br /> � on demand,bc entitled to immediate possession of thc mongaged premises and the murlgagor hereby assigns, tranSfers and sets over to the � � � �� �
<br /> mortgagee all ihe rents,revenues und incume tu be derived from thr mortgaged premises Juring such time as lLe mortgage indebtedness shall remain ' . � . . �
<br /> unpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpuse oC repairing said premises and renting � � - . �
<br /> die same and collecting the renls,revenucs and incume,�nd it may p�y out of said income all expenses u(repairing said pmmises and necessary ; . ,
<br /> ,+ - commissions and exprnses incurrcd in rrnting and managing the same anS of collecting rentsls the�eCrom: the bslanm remxining,i(any,w be � �-� �- � �
<br /> apptied toward tht discharge of said mortgage indebtedness;there rights uf ihe mongagee may be exercised at any time du[ing the existence oi tuch - .
<br /> r� :�� default,irrespecti�•e of any tempurxry�vaiver uC the same. �. � .
<br /> These Presents,however,are upun Uie Cmidition,That if the said plorigagor shall«pay said loan on ur befure the maturity of said shares by � ,- � �
<br /> paymeN;pay monthly to said ASSOCIATION of Ihe sum speciGed in ihe Bund secured hereby as interest and principal on said loan,on or before �. � ��
<br /> thc TweNieth day uf cach and every monih,until said loan is Cully paid;puy alI taxes and assessmems Izvied against said premises and on this I�foctgage � �� -�
<br /> and�he Uond secured thereUy,befure delinyvency;(umish app�aved ineuranre upon�he UuilJings thereon in the sum of S Q9�QQQ.QQ PaYablz �� . . � .
<br /> to said ASSOCIATIO�;repay lo svid ASSOCIATIO\upon demand all muney by it paid lbr such taxes,asseuments and insurance with interest at � - ���
<br /> the maximum legal rate Ihereon from date of paymen�all uf which Dlortgagor hereby�grees to pay;permit no waste on said prunises;keep and compty - �
<br /> " with all ihe agreements and conditions of the Bond(or S Z9.�0�.�� this day given by the said�turtgagor to said ASSOCIATION,and comply
<br /> with all tl�e requirements of the Constitution and By-Laws of said ASSOCtAT10N;then these presents sl�all bemme null and void,otherwise they � �
<br /> siiali rcmain in:cl;:c;ce�r.,1 n;_;he fureclosed a�the uotion uf lhe snid ASSOCIATION after failure (or three �,e�c!:q !��:.^.a!:e�,^.y of s:;id � .
<br /> '� payments or be three mondu in urrears in making said montidy payments,ur to keep and comply with dte agreements and conditions o(said E3und; .
<br /> S anJ�forlgacur sgrees to heve a receiver appointed forthwith in such foreclosure proceedings. �
<br /> If there is any change in uwnership oC lhe rcal estate murtgaged herein,by sale or othenvise,then the entire remsining indebledness hereby
<br /> _ - .._.._...t.4��: .. �6��„�:,...,Jf Tli�6'...��'r.61.��:I,i:na�.�i1:811,-",;;aiia.ioii uf Granu isiaru,i�curnska.uccumc unmcuiatciy uuc anu pa'yab;c n;;cuf . .
<br /> (urther notice,,and thc amount rcmainingyduc under s;iiS bund,and any other bond(or xny additional advances made thereunder,shall,Gom tho
<br /> date of exercisc u(said option,bear inierest at thr maximum legal rate,and this murtgage mny tlien be forecloud to s�tisfy the amount due on said .
<br /> � bond,and any other 6ond for addilional advances,together x�ilh all sums pnid by said The L•quita6le Building and Luan Aswciation of Cmnd Island, I
<br /> �� Nrbraska fo�insurance,laxes and assessments,and abstracting extension charges,with interest thereon,(rom date of payment at the maximum , �
<br /> t. legal rate.
<br /> ` As provided in the BorJ secured hcreby,while ihie mortgage mmains in e6ect the mortgagee may hereafter advance additional sums to the
<br /> rnakers of said f3ond,their assigns or successors in interu�,which sums s6:�1 be within the secu�ity of this mortgage the same as the funds o�iginally
<br /> xcurcd thercby,the total amount Fprincipal debt not to exceed at any time the original amount oC this mortgaga
<br /> ��� ���ra�t��s 22n a�y�r September ,�.�.,t� 76
<br /> �=� �7 �.� ,� _� �) -�x
<br /> era . ens rom Eve yn D. ' enstrom
<br /> STATC Of NGI3RASiG1, ss. On Utis 22nd day of September I9 �6 ,before me,
<br /> COUNTY,OF HALL� n.4
<br /> th unQer'qed,a No a Public in and,fo said Co nry,personall came
<br /> Gerald N. Lenstrom and Evelyn D. Lenstrom, eac� �n�iis an��ier own rig�t an� as spou�e N �,
<br /> Of�f�D�l�� `�hu dpe personally known to �
<br /> � �;,to Ue{,};�f�l�)iC'alperson 5 Whou name s are affixed to q�e xbove instrument es mortgagor 5 and they uverally ,�,
<br /> ackiiqwledgeS;thr,saicl`'�nstrument to be the�r �oluntary act and deed. n'
<br /> '�" 'lj'(TN�SS my hand and Nutarial Scxl du date aforesaid. 1,��1
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