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<br /> �s�•U0Q433
<br /> MORTGAGE
<br /> ,�;
<br /> MORTGAGE LOAN NO. L 22,981 MGIC
<br /> �� KNOWALLMENBY7'HESEPRFSENTS:That ROb2Pt L. Johnson, Jr. and Annette M. Johnson �
<br /> ! each in his and her own right and as spouse o-F each other
<br /> `i Mortgagoq whether one or more,in consideration of the sum of
<br /> Thirtv Six Thousand Six.Hundred and No/100----------------------------------------�L�� � ''. ,;;
<br /> '; . .
<br /> loaned to said mortgagor by�The Equitable Building and L�an Associatlon of Grand Ieland,Nebraska,Mortgagee,upon 366 ��s of rtock of � "�
<br /> said ASSOCIATION,Certiticate No.L Z2�981 MGICao nereby granr, comey and mortgege unto the said ASSOCIATION the following
<br /> described real estate,situated in Hall County,Nebraska:
<br /> ��::
<br /> SOUTHERLY THIRTY SIX FEET (36') OF LOT NINE (9), AND THE -
<br /> NORTHERLY TWENTY FOUR FEET (24') OF LOT ELEVEN (11), IN BLOCK TWENTY
<br /> FOUR (24) UNIVERSITY PLACE, AN ADDITION TO THE CITY OF GRAND ISLAND,
<br /> HALL COUNTY, NEBRASKA
<br /> ;t
<br /> �,#� together with all the tenements,hereditaments and a urtenances thereunto belon j
<br /> pp ging,inetuding attached floor coverings,all window screens, �;
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessoris thereto,pumps,stoves, ��
<br /> 5 refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br /> f � And whereas the said moztgagor has agreed and does hereby agree that the murtgagor shall and will pay all taxes and assessmrnts levled or
<br /> . � � asussed upon said premises and upon this mortgage and the bond ucumd thereby before the same shall become delinquent:to fumish approved
<br /> . . insurance upon[he buildings on said premises situated in the sum oC S 36 (��.0� Payable to said ASSOCIATION and to deliver to said �� ,��:
<br /> . ASSOCIATlON the policies for said insuranee;and not to commit or pemu�any waste on or about said premiur, i'
<br /> ' In case of deFault in the performance of any of the terms and conditions of this mortgage or the bond sewred hereby,the mortgagee shaU, � �
<br /> � _i � �� on demand,be entitJed to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the ��
<br /> �. mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall nmain "
<br /> unpaid;and the mortgagee shall have the power to appoint any ageat or agents it may desire for the purpose of repairing said premius and renting ;;i'.
<br /> .�# ��the same and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premises and neassary
<br /> ,� rnmmissions and expenses incurred in rmting and managing the same and of collecting rontals therefrom: the balance remaining,if any,to be '
<br /> .� applied toward the diuharge of said mortgage indebtedneu;these rights of the mortgagee may be exerciud at any time during the existence of such �r
<br /> ,-,S � default,'urespective of any temporary waiver of the same. �
<br /> �These Presents,however,are upon the Condition,That if the said Mortgagor sha4 repay said loan on or before the maturity of said shares by .
<br /> -��� payment;pay monthly to said ASSOCIATION of the sum specified in the Bond ucured hereby as interost and principal on said loan,on or beEore ��
<br /> I the'IWentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage
<br /> `} and the Bond secured ihercby,befom delinquenty;fumish approved insurance upon the buildings thereon in the sum of 5 36�f>�0.0� payable �
<br /> '4 � to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> ,j . the maximum legal rate thereon from date of paymrnt all of which Mortgagor hereby agrees to pay;permit no waste on said premius;keep and comply
<br /> �i � �with all the agreements and conditions of the Bond for S � (�Q_(�p this da ven b the said Mort p y
<br /> 36 6 Y B� Y gagor to said ASSOCIATION,and com I
<br /> - ,� wlth all the requirements of the Constitution and By-Laws of said A5SQCIATION;then theu preunts shall become null and void,otherwite they � . .. .. �x�.�
<br /> shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said -�
<br /> � payments or be three months in arrears in making said monthly payments,or to keep and comply with the agreements artd wnditions of said Bond; �
<br /> � and Mortgagor agrces to have a receiver appointed forthwith in such foreclosure proceedings.
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<br /> �' IC there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, thrn the mt'ue remaining indebtedneu hereby - �
<br /> .i secured shall,�at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,bewme immediately due and payable without .
<br /> ��j further notix,and the amount remaining due under said bond,and any oiher bond for any additional advances made thereunder,shall,from ihe � � � �
<br /> , j date of exercise of said option,bear intercst at the rt+AY�+++um legal rate,and this mortgage may then be foredosed to satisfy the amount due on said �
<br /> ��,( bond,and any other bond for additional advances,togcther with all sums paid by said The Equitable Eu�7ding and Loan qssociation of Grand Island, � �
<br /> +- .p . . Nebraaka for insurana,taxes and assessments,and abstraeting extension charges, with interest thereon, from date of payment at the maximum � � -
<br /> '.,D� legal rate. .
<br /> , ,Z ps provided in the Bond secured hereby,while this mortgage remains in effect the mortgegee may hereafter advance additional sutns to the �
<br /> { � makers of said Bond,the'u assigns or successors in interes[,which sums shail be within the security of this mortgage the same as the funds originally � �
<br /> •'1� � secuied thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage. ��
<br /> ;, j ae a s us 20 h aay o January A.D.,is 7g
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<br /> �
<br /> ;} o er..t L o r.
<br /> r'� Annette M. Johns
<br /> .� S7`ATE OF NEBRASKA,�� On this 2�th day of January 19�$ ,before me, ..,�,�...,. �
<br /> �.� `COUNTY OF HALL
<br /> . � � �� the undersigned,a Notary Publlc in and for said County,personaUy came �
<br /> Robert L:,.Johnson and Annette M. Johnson, each in his and her own ri ht and as s ouse �ri`"
<br />«� �� of each other �. GA Wh� a r� P�rwnelly kn�to j ,,�,
<br /> ,� me to�be the Iden . .��E p��� are affixed to the above inatnunent u mortgagor 5 and the y tevenily ��:+
<br /> �ackvowtea `che ' em so � `
<br /> { B� b e�fi wluntary act snd deed. �,�
<br /> �' '�11�53 myPH�flt3f�d N"qtalia Seal the date aforesaid. /� , /J� ��"
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