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<br /> 78--��Q18S3
<br /> 3 MORTCAGE ti
<br /> ? MORTGAGE LOAN lVO. � 23.051 ry��
<br /> KNOWA.LLMENBYTHESEPRESENTS:That LaVerne R. Jensen and Neta J. Jensen, eaeh in his and � r�`
<br /> �' £,.
<br /> ;� her own right and as spouse of each other �
<br /> lMor2gagor,whether one or more,fn consideration of the sean uf
<br /> ' Forty Three Thousand Five Hundred and No/100------------------------------------_��� . ' ` ` „
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<br /> 'i loaned to said mortgagor by The Equitable Buiiding and Loan Association of Grand Island,Nebraska,Mortgagee,upon 435 shazes of etock of �;
<br /> ,# said ASSOCIATION,Cert�cate No. L 23 s��� ,do hereby grant,convey and mortgage unto the sald ASSOCIATION the foLiowing
<br /> { .. described real estaxe,situated in Hall County,Nebraska:
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<br /> `�� LQT ONE (i} IN BLOCK NItYETY-EIGFlT (98) IN RAILRQAO
<br /> ,, ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRAKSA. ,;� �
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<br /> �{ � together with all the tenements,hereditaments and appurtenances thereunro bdonging,including attached floor wverings,all window screens, ' v r��
<br /> "i� � window shades,blinds,storm winduws,awnings,heating,air conditioning,and plumbing and water equipmrnt and accessories thereto,pumps,scoves, . ; - s _
<br /> .�.j refrigexfltors,and other fix[ures and equipment now or hereatter attached to or used in connection with said real estate. ��a �'�.
<br /> �� And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay a11 taxes and assessments lev�d or - �+ �`' �+'
<br /> assessed upon said premises and upon this mortgage and the bond secured thereby beforo the same shall 6ecome delinquent;W furnish approv¢d . k� �
<br /> imuraace upon the buildings on said premises situated in the sum of S¢3�rjQQ.QQ payable to said ASSOCIATION and to deliver to said � i4 <t �
<br /> jj �. ASSOCIATION the policies for said insurance;and not to�rommit or permit any waste on or abuut said premises; � � ";e� +"`�':
<br /> .�.� . � In case of default in t}re performance oF any of t}le[erms and conditions uf this morl�age or the bond xcured hereby,the mortgagee shall, . � k
<br /> on demand,be entitled to immediate passession oC the mortgaged premixs and the mortgagor hereby assigns, transCers and xts owr to the '��'�
<br /> mortgagee a11 the rents,r¢venues and income to be derived from the mortgaged premises during such time as the mortgage indmbudness shail remsin ��.;
<br /> �. � unpeid;and the moztgagee shall have the power to appoint any agent or agenis it may desirc for the purpou of repairing said pttmises and rmting � a-
<br /> j the ssme and rnllecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premises and necnsacy
<br /> '��i..� � commiasioro and expenses incurred in renting and managing the same and of wpecting rentab therofrom: the balance remaining,if any,to be � ' �'�
<br /> j app lied toward[he discharge of said mortgage indebtedness;these rights of the mortgagee may be exercixd at any time during the existence of such F��
<br /> �default,irrespective of any temporary waiver of the same.
<br /> . These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br /> paymmt;pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as in2erost and ptincipal on said loen,on or before '
<br /> � the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied against said pretnixs and on this Mortgage �
<br /> >" � . and the Bond securcd thereby,before detinquency;Furnish approved insurance upon the buildings thereon in the sum of S 43�'rJO�.00 Payable �
<br /> ,�� � � to said ASSOCIATION:repay to said ASSOCIATION upon demand all money by it paid for such taxes,asussments and insurance with interest at
<br /> the maximum legal ratc thereon from date of payment all af which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply
<br /> with ail the agreemrnts and conditions of the Bond for 3 43�50�.00 this day given by the said Mortgegor to said ASSOCIATION,and comply
<br /> � ' with-all the requ'uements of the Canstitution and By-Laws of said ASSOCIATION:thrn these presents ahall 6ecome null and void,othenvix ihey
<br /> � shall�remain in full�force and may be foredosed at the option of the said ASSOC[ATION after failurc for three months to make any of said �
<br /> � �payments or�be three months in artears in making said monthly payments,or to keep and comply with the aBeements and conditions of said Bond; .
<br /> � and Mortgago!agrees to have a receiver appointed forthwith in such forodosure proceedings. � .
<br /> � �If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise,thrn the entire remaining indebtedness hereby ...
<br /> � . saured shall,at�tha option of The Equitable Building and Loan Association of Crand Island,Nebraska,become immediately due and payable without � �
<br /> �further notice,and the amount zemaining due.under said bond,and any other bond for any additional advances made thereunder,shall,from the - ..
<br /> � � date of exercise of said option,b�sr interest at ihe maximum legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said
<br /> t � bond,and any other bond for additional advances,together with all sums paid by said The Equitable BuIlding and Loan Auociation of Grand Islat�d,
<br /> �i' � � � Nebraska for insurantt,taxes and assessments,and abstrac[ing extension charges, with intercst thereon, from date of payment at the maximum
<br /> legal rate.
<br /> � Aa provided in the Bond sewrcd hereby,while this moitgage remains in eFfcet the moKgagee may hereaher advance additional sums to the �
<br /> � .� �. .make[s of said Bond,their assigns or auccessors in interest,which sums shall be within the xcurity of this mortgage the same as the funds originally .
<br /> aecurcd thereby,the totsl amouni oC principal debt not to exaed at any time the original amount of this mortgage_ . � .
<br /> � ttas 3Qth.aar or March A•D.,i9 78
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<br /> �°. eta J. ens -
<br /> �' �A��g�BR��' 'n. On this 3�th. day of March 19 ]$ ,before me,
<br /> ` CAUN7'Y OF FULL�^ -- "
<br /> � . . . . � the undersigned,a Notary Public ln and for said County,personally eame � r�;��
<br /> � ' ''�alf�rne R: Jensen and Neta J_ Jensen, each in his and her own righ�,�nda�� sp&���„g�,c�fj other '-
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<br /> me to"be the idenUeal peraon5 whose name5 w a 1"2 affuced to the above instrumeat as mortgagor� and th2y seve:ally '�
<br /> . acknowkdged.the asid instrutnent to be . �tltEl'Y'. v'oluntary act and deed. . � .-- . ��k.? s�
<br /> t.� - .-.�Wi'INESS�my.hand�and � 'alSeal�t]udauaforesaid_ � �-`,"y*'Q
<br /> � . .. . . �My Comtniesion expires � 'CENE8A1 NOTARY-ShN et NNratY� ! —� ..- ,i 1� ' ,y � �. ��
<br /> � .. . . .. �.... . .,..fOY M�.�BEAZLEY � __. .�t"'�/ �, �,t',.f-� rt��:.s _
<br /> ..� . . . MY Comm.Exp.SsD�1.19L1 h �' IIiutatY Pu u
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