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<br /> 78�0031U6
<br /> MORTGAGE
<br /> C MORTGAGELOANNO.L Z3,1Z3 MGIC
<br /> '�V, KNOWALLMENBYTHESEPRESENTS:That Herman W. Johnson and Alice Johnson, each in his and
<br /> her own right and as spouse of each other,
<br /> �� _—_ Mortgagor,whe[her one or more,in consideration of the sum of � � � `�
<br /> ' Twenty One Thousand Five Hundred and No/100----- ---------------------------- �LLAas
<br /> loaned to said mor[gagor by The Equitable Building and Luan Association of Grand island,Nebraska,Mortgagee,upon 2 7 5 shares oC stock of � � � -
<br /> said ASSOCIATTON,Certificate No. L23�123 MGIC,do hereby grant,convey and mortgage unto the said ASSOCIATION the following
<br /> described real estate,situated in Hatl County,Nebraska: , �
<br /> LOT SEVEN (7) IN BLOCK FOUR (4) IN SOUTH
<br /> GRAND ISLAND, AN ADDITION TO THE CITY OF
<br /> � GRAND ISLAND, HALL COUNTY, NEBRASKA.
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<br /> � a �
<br /> ' � together with all the tenements,hereditaments and appurtenances lhereuntu belonging,induding attached tloor coverings,all window screens, � � � � �
<br /> window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and acassories thereto,pumps,stoves, �
<br /> � � refrigerators,and other fixtures and equipment now or hereaher attached to or used in connection wilh said roal estate. -
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<br /> ' And whereas the said mortgagor has agreed and does hereby agroe that the mortgagur shalt and will pay all taxes and assessmmts levied or
<br /> '1 � axusxd upon said premises and upon this mortgage and the bond secu e t e,�gby �j,eforc the same shall become delinquenp to furnish approved �
<br /> ��.� insurance upon the buildings on said premises situated in the sum of 5 ��a��1�1•�u payable to said ASSOCIATION and to deliver to said
<br /> ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises: .
<br /> ��_� . In cax of default in the performance of any of the terms and conditions oF this murtgage or the bond secuted hereby,the mortgagee s:iall, . .
<br /> on demand,bc entitled to immediate possession oF the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> j � � mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as[he mortgage indebtedness shall remain �
<br /> unpaid;and the mortgagec shall have the power to appoint any agent or agents it may desire for the purpose of rcpairing said premius and rrnting �
<br /> '? the same und collecting the rrnts,revenues and income,and it may pay out of said income all expenses of cepairing said premises and necessary . � -�
<br /> commissions and expenus incurred in rcnting and managing the same and of collecting rentals therefrom; the balance romaining,if any,to be ..
<br /> .� npplied toward the diseharge of said mortgage indebtedness;thex rights of the mortgagee may be exerciud at any time during the existence oCsuch
<br /> ,� default,irrespective of any temporary waiver of the same.
<br /> Thesc Prexnts,however,are upon the Cundition,That iF the said Mongagor shall repay said loan on or be(oro the maturity of sa;d shares by
<br /> � payment;pay monthly ta said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or before
<br /> the TweMieth day of each and every month,until said loan is fully paid;pay all txxes 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 oC 5 2� .5�0.�� payable � �
<br /> i to said ASSOCIATION;repay to s2id ASSOCIATION upon demand all money by it paid tor such taxes,asussmrnts and insurantt with interest at � � -
<br /> �� the ma.ximum Iega1 rate thereon from date of payment alI of which Mortgagor hereby agrees to pay:permit no waste on said prcmises;keep and comply , .
<br /> .:� with aU thc agreements and wnditions of the Bond for$ 2��5QQ.QQ this day given by the said Afortgagor to said ASSOCIATION,and comply � �
<br /> with all the requirements of the Constitution and By-Laws of said ASSOCIATION; then theu presents shall become null and void,otherwise they � � �
<br /> ;��� shall remain in full(oree and may be foredosed at the option of the said ASSOCIATIUN after faiiuro for thme months to make any of said � �
<br /> payments o�be three months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond: � '
<br /> ,��..i and Mor[gagor agrces to have a receiver appointed forthwith in such foreclosure proceedings. � �
<br /> �j !C there is any change in owner:hip of the real estate mortgaged herein,by sale or otherwise, then the ent'ue remaining indebtedness hereby � ..
<br /> srcured shall,at the aption of The Equitable Building and Loan Association of Grand Island,Nebraska,bewme immediately due and payable without � �
<br /> :�� further notice,and the amount remaining due under said bond,and any other bond for any additional advances made thenunder,shall,from the ' . �
<br /> ,:a date of exercise of said option,bear interert at the maximum legal rate,and this mertgage may then be forecloud to satisfy the amount due on said � �
<br /> �..i bond,and any other bond for addi[ional advances,[ogether with all sums paid by said The Equitable Building and Loan Association of Grand Island, �
<br /> .'� Nebraska for insurance,taues and assessments,and abstracting exronsion charges,wi[h interert thereon, from date of payment at the ma�cimtun � � � �
<br /> legal rate. . .
<br /> �j � As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereaher advance additional sums to the � _-
<br /> '�; . makers of said Bond,theilassigns or successors in interest,which sums shall be within the ucurity of this mortgage the same as the funds originally �
<br /> ���Y �.- secured thereby,the[otal amount of principal debt not to exceed at any time the original amount oF this mortgaga � � � �
<br /> �;� nac�a th;s 22nd, day of May n.n.,i9 78
<br /> ^� �Herma�n W�oh�n�bri ��A A— ��ce Joh� n � ~ ��
<br />;.� � � � �
<br /> V:� STATE OF NEBRASKA•� �-
<br /> CO[TN'EY OF HA1.L �� On this 22nd, day of May 19 78 ,before me, r
<br /> ;,� . � .. � ' i
<br /> . the undersigned,a Notary Public in and for said County,personally pme � �� ,
<br /> Herman W.. Johnson and Alice Johns n, each in his and her own ri ht d as s o � s '
<br /> �.�.. � e .., r.. .. A . 9 w�� are P �gon�!#r known to �A`. AY
<br />,""� � t����� " rson 5� whoae name g are affixed to the above instrument as mortgagor 5 and they severally �:. c'�.�
<br /> a�p�le�gd0}�Ipfaid; trumeat to be they voluntary act and deeQ � .,. A �y
<br /> C G �VOq my hand and Notarial SeaI the dnte aforesaid.
<br /> � �tJOTARY � � �
<br /> } ��,COMM15510M'1X " ionexpires ��,�,,���,y�1���z r�(
<br /> 'j � ; EXPIRES : J� �1� U J� �I-\v� .
<br /> .. -.6,^.,�..31.�y�A,.•�P . Notary Pubtic .
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<br /> q�OF NEB�PS
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