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<br /> ,110RTGAGC LOAN N0. LZZ+369
<br /> rKNOWALLAIGNBYTHESBPRL•SENTS:That Jack L. Jensen and Shirley A. Jensen, each lfl h7S 0fld
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<br /> ;h@1' OWII t"1 ght dlld ds SpOUse Of edCh Othei', Mo<<Eagor,rvhedier one or mure,in wnsideratiun of the sum of
<br /> ;;; Eleven Thousand and No/100-----------------------------------------------------
<br /> DOLLARS
<br /> loaned m said murtgagur by The Equitxble Duilding and Luan Association of Crand Island,Ne6raska,6fortgagee,upon � shaces o(smck of
<br /> said ASSOCIATION,Certificate No.L Z2,369 ,du here6y grant,com�ey and mortguge unto the said ASSOCIATION th:foltowing
<br /> described real estate,siwated in Nall Counry,Nebrasku:
<br /> LOT EIGHT (8) IN BLOCY. THIRTY SEUEN (37) IN
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<br /> RUSSEL IJHEELER"S ADDITION TO THE CITY OF
<br /> GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> EXCEPTING THEREFROM THE WESTERLY THREE (3)
<br /> k; ? FEET THEREOF
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<br /> together with all �he tenements,hereditamenls and appurtenances the�euntu beloneine,including attached flour coverings,all window:crrenr,
<br /> winduw shades,blinds,stonn windows,a�mings,heating,air conditiuning,and plumbing and water eyuipment and accessories thereto,pumps,stovei, . �
<br /> - relrigeraton,and other lixtures and equipmene now ur hereafter attached to ur used in connectiun w�idt said real estale.
<br /> AnJ��•hereas thc said mortgagur has agreed and dues hcreby agree tliat the mo�tgacor sh�ll and wiU pay all taxes and assessments levitd or � . � �
<br /> aneestd upon said premists and upon this mortgage and du bond secured theceby beture the same ahall become delinquent;to(umis}t approeed � . .
<br /> �;� insurance upon the buildin@s on said premiscs si�uated in the sum of 5 ���QQQ.QQ payable tu s�id ASSOCIATlON and to deli��er to said � �
<br /> ASSOCIATION tlie policies for said insurance;and not m cummit or permit any w:�ste un or about said premiscr, � .
<br /> In case uf default in the perfom�ance o(any of the tenns and conditions oC this mortgage or the bund ucured hereby,the mortgagee�l�all, � � �
<br /> un Jemand,be enti�led to immediate possession of the murtgaged prcmises :fnd the mong�Gor hereby assigns, transfers xnd sets over to the - � �
<br /> ' mortbagee all the rents,revenues and income to 6e Jerived(rom the mortgaged premises du�ing such time as the mortgage indebtednees shall rcmnin � - �
<br /> unpaiJ;anJ�he murtgagee shall have the power to appoint any ngent or accnts it may dcsire for the purpose oC repairing said premisas and centins � � , �
<br /> �'- tLe vme and collecting ihe rents,revenues and income,and it may pay out uC said inwme all espenses o(repairing said premises and necessary
<br /> cummissions and expenses incurred in renting and managing the same and of collecting rentals therc(rom; the balance remaining,if any,to be
<br /> �� .' applied toward tlie discharge of said mortEuge inde6tedness;ihese cights of ihe mortgagee m�y be exercised at any time during the existence of such �
<br /> default,irrespec�ive of�ny�emporary K�aiver of the same. .
<br /> Thrse Presents,however,are upun the Condition,'fhat i(the said Afortgagor shall repay s�id loan on or be(uro the matuciry of said shares by ��
<br /> t' � payment:pay montldy to said ASSUCIATIO\of tha smn specitied in the f3ond securcd hereby as inteeest and principal on said luan,on or before . . � �
<br /> ' thc'f���emieth day ef each�nd crery month,until said loan is fully paid.pay all tases and�ssessmems levied against said premiscs and on this hfortgage � �
<br /> - and the Bond secured thereby,before delinquency:lurnish appraved insurance upon the 6uildings Ihamon in the sum of 5 �� 00�.Q Q p�>'abla , � �
<br /> to said ASSOCIATION;rcpay to said ASSOCIATION upon demand all muncv by it paid(ur such taxes,assessments and insur3nre wub mterest at . � � � ��
<br /> ' the maximum legul ratr thereon from Jate of payment all of which Afortgagor hereby agmes tu pay:permit no waste on said premises;keep and cumply � -
<br /> iwith all die agrctments and cmidieions oC the 6onJ for S�1���� (�(� thi�d�y given by die said\to��gaeor tu said ASSOCIATION,and cumply
<br /> . with all thr requirements uf the Cunstimtion�nd By-L�ws uf s�� ASSbCL1TI0N;then these presems shall become null�nd void,uthenvise they �
<br /> �� sl�all�emain in(ull(urec anJ m�}•be loreclosed at the uption of the said ASSOCIATION after failure tor thrce months to make xny o(said
<br /> ��� payments ur be dvee months in arrears in rnaking said munttdy payments,or io keep and comply a•ith the agreements and cunditions o(said(3ond: �
<br />� ;y, _ and M1tortgagor agrees io have a receiver appointeJ forthwith in such foreclosure proceedings.
<br /> �; If�herc is any ch�ngc in ownership o(die rcal estate mortgaged herein,by salc or otherN�ise,then the entirr rcmaining indebtednets hereby
<br /> E- ucured siiall,a�the op�ion ot Thz L•quitable Building and Loan Assuciation of Grand Island,\ebras};a,become immedi�tely due and payable without
<br /> fur�her nutice,and the amount temaining�due under s�id bund,and an}�other bond for any additional advances made thereunder,shall,from the
<br /> ��, ; date of exercise of said option,brsr inierest�t d�e maximum legal rate,and this mortgage may then be foreclosed to satisfy t1u amount due on said
<br /> bond,and any uther bond for additional advanccs,together with all sums paid by said 7'he Equitable Building;u�d Loan Associa[ion of Grand Island,
<br /> . Nebraska(or insurancc,taxes and assessmenis,and absVacting excension chargcs,widi interest thercon,Irom date of payment at the maximum .
<br /> �lE;l�felC. �
<br /> - As pro�ided in Ihe Uund sccured hereby,while this martgage remains in cll'act the mortg�gee may hereafcer advance additional sums to the
<br /> makers of said Bond,tl�eir assigns ur succeswrs in interest,which sums shall be widiin the sacurity of diis mortgage the same as the funds originally
<br /> secured itierehy,the total amnunt o(principal debt not to exceed at any time the orieinal amount of this mortgage.
<br /> .� . iO�eJ this d�y uf OCtOb81' �' \.D..I9 76 1 /
<br /> f C�' - L �`� ^G�1��� -<— �� ��t�•� t�,.-f a
<br /> t � L. Jens Shirley . Jense '
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<br /> STATE OF NEBRASKA.1 Ss. On this 12th day oC October �9�6 ,befoce me,
<br /> COUA'TY OP t1ALL j , ,
<br /> , the undersigned,a Notap•PubGc n�and for said Counq•,person�lly pme � . �-�
<br /> ' Jack L.Jensen and Shirley A. Jensen, each in his and her own right ar�o as spouPeso allyknown[o N �`
<br /> � other ..; are �
<br /> me to bE thC tdedtltal pccsor.g whose name s are af�sed to the abo�c instrumcnt as mortgagor 5 and they uverally ,Q,
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<br /> _ ackuuu•ledgedi)�esajd'l�istiuntoa[to be thei r volunU,ry act and deed. �
<br /> �. ,�� � µ'ITNCSS my hand and Notuia!Seal the date aforesaid. � t[j �
<br />� � � ��': ' �. �fy�Coptmissiun expires �1' �r,��° ��
<br />�'� � �/' . �� I \Notary Public
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