|
t'_ �
<br /> MQRTGAGE 78�O 1�1�
<br /> ' MORTGAGELOANNO. z3,05E
<br /> � KNOW ALL MEN HY THESE PRFSENTS:That Mi chaeT b. Jensen and Terri L,. Jensen, each i n hi 5 and �
<br /> �
<br /> ;j her own right snd as spouse of each othew
<br /> Martgagor,whether one or more,Sn cunsideration uC ihe sum of �
<br /> ; Thirty One Thousand Five Hundred anci No/100---____________________________________��tA�
<br /> loaned to�said mt�rtgagor by The Equitable Building and.Loan Aswciation of Grand Island,Nebraska,M�rtgagee,upon shares�of stock oC � � �� �
<br /> said hSSOCIATION,Certificate No. L 23�OJ�� ,du hereby�grant, convey and mortgage unro the spid ASSOCIATION the fullcawing �
<br /> described mal estate,situated.in Hall Coanty,Nebraska: - � �
<br /> : �
<br /> ' LOT SEYEN (7) IN BLOCK NTMETY FOUR
<br /> (94) ORIGINAL TOWN, NOW CITY, GRAND ISLAND,
<br /> ;�
<br /> HALL COUMTY, NEBRASKA.
<br /> t
<br /> tugether with all She tenements, hereditamencs a�n.�eppur[enances thereunto bel�nging,including attached tlour coverings,all window screens,
<br /> ' window shades,blinds,st�rm windows,awnings,hearing,air condit'roning,and pl:umbing and w�ter equipment and accessories thercto,pumps,stoves, � s;`�
<br /> 5� refrigerators,and other fixtures and equipmeht.now or hereafter atxached[u or used in connection with said real estate. � .�
<br /> �� And whereas the said mortp,agor has,agreed and daes hereby agree that the mortgagor shall and will pay all taxes an�i auessments�leeied or ��
<br /> �r�i assessed upon said premises and upvn this�mortgage and the bond secured thereby before the same shall become delinquent:to furnish approved . � ��
<br /> " insurance upon the buildings on said premius situattd in the sum o2 S $1�5QQ..QQ payable to said ASSOCIATION and to deBver to said
<br /> .-� AS$OCIA770N du policies for said insurance�;and not to commit�ar permit any waste un or about said pr�mises;
<br /> � . In cau�of default in the perfarmance of any pf the terms and wndi[ions uf this mortgage oc the bond secured hereby,the mortgagee shall, �
<br /> 4. irn demand.,be entitlad ta immediate posxssion of the mortgaged premises and� the inartgagor hereby assigns, �transfers and sets over to the
<br /> mortgagec all tha cents,revenues and inwme to be derived from the mortgaged premises during such time as the mortgage indebtedness shail remain . -
<br /> unpaid;and thr mortgagee shall have the Fwwer to appoint any agent nr agents it may desire for ihe purpom of¢epairing said premius and renting �
<br /> ' the same and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premixs and necessary � �
<br /> - t eommissions and expenses inwrred in renting and managing the same and of collecting rentals therofrom: the balance remaining,if any,to be
<br /> ,�� applied toward[he discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during[he existence of such � �
<br /> default,irrespective of any temporary waiver of the sama �
<br /> '� 7'hese Preunts,however,are upon the Condition,That it the said Mortgagor shall repay said loan on or beforo the maturity of said shans by ' . ��
<br /> payment;pay monthly to said ASSOC[ATION oF the sum specified in the Bond secured hereby as interest and principal on said loan,on or beforc . � �'
<br /> the Twentieth 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 thereby,before delinquency:fumish approved insurance upon the buildings thereon in the sum of 3 31 s5��•�� payable � �
<br /> '� to said ASSOCIATION:repay to said ASSOCIATION upon demand all money by it paid for such taxes,asseuments and insurance with interest at � � � �
<br /> ;��� the maximum legal ra[e thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste'un said premises;keep and comply � �
<br /> ��� with all the agreements and conditions oF the Bond for S 3} 5���p&this day given by the said Mortgagor to said ASSOC(AT10N,and comply �, . ..
<br /> wieh all the requuements of the Constitution and ByLaws o �a� IATTON: then these preunts shall become null and void,otherwiu ihey
<br /> i 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 and conditions oC said Bond; � ���
<br /> and Mortgagor agees to have a receiver appointed forthwith in such foreclosure proceedings. � .
<br /> � If there is any change in ownership of the real estate mortgaged hezein, by sale or otherwise,thrn the enYue remaining indebtedness hereby .
<br /> ;g secured shall,at the aption of The Equitable Building and Loan Association of Grand[sland,Nebraska,become immediately due and payable without �
<br /> :�..�, fuRher notice,and the amount remaining due under said bond,and any otha bond for any additional advances mede thereunder,shall,Crom the .
<br /> date of exercise of said option,beaz interest at the maximum legal rate,and this mortgage may then be foreciosed to satisfy the amount due on said � � � �
<br /> bond,and any other bond for additional advances,together with ail sums paid by said The Equitable Building and Loan Assoeiation of Grand Island, . . . � .
<br /> Nebraska For insurana,taxes and assessmrnts,and abstracting extrnsion charges, with interest thereon, from date of payment at the cnaximum � .
<br /> '� legal rate. . . �.
<br /> -? As provided in the Bond ucurod hereby,while this mortgage remains in efFect the mortgagee may hereafter advance additional sums to the . � �
<br /> makers oF said Bond,their assigns or successors in interest,which sums shall be within the ucurity of this mortgage the same as the funds originally � .� '
<br /> -���.��z seeured thereby,the totai amount of principal debt not to exceed at any time the original amounc of this mortgaga �� � �� � '�
<br /> Dated this day of Apri 1 A.D.,19 ]$ � �
<br /> � # �iun�e�� ��e�,�
<br /> , _ �
<br /> � Terri L. Jensen �
<br /> � ST'AT'E OF NEBRASKA,��. On this 3rd day of Apri 1 19 78 ,before me. ..� '
<br /> COUNTY OF HALL • - ;
<br /> � � .. -�� , : ... . ..� the undersigned,a Notary Public in and for said County,personally came � �,; �
<br /> � Mi:chael D. Jensen and Terr9 L. Jensen, each in his and her own rigWhht and as spous f each � , _; �
<br /> :; other ° are P�rwn�iy�no�so
<br /> � me��to be the identieal pexson5 � whose nsme5 -are affixed to the above inst ,^ t az ortgagor5 and th@J� xverally : � . �;'�'
<br /> sda�ow�a�a u,��a�:wm�nt ca be thei r voluntary aot and decd. / #��� '',7
<br /> • WITNFSS my hand and Notarisl Seal the date afoceaaid. � 'f � '`4 ��
<br /> � MY co�oa .�-,_L� .
<br /> CENEYAI NOTARY-�Sta2eet N�bnsYf �.
<br /> � � JOX M.BEAZLEY � Not Public �
<br /> - � . s-�.slf rti � MY Comm.ExP.S[D4 1�1981 �
<br /> �
<br />
|