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Filed fo record s- �97�at %�,' S� in ook Z 7 v..'
<br />of Page . !z�
<br />J Fisher, Register of Deeds,
<br />Hall County, Nebraska
<br />MORTGAGE ; rant I ME0
<br />MORTGAGE LOAN NO. L 21768
<br />KNOW ALL MEN BY THESE PRESENTS: That" Donald W.. Johnson and Carol L. Johnson,- each in his , and
<br />her own right and a's spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Forty-si•x Thousand and No/100-----=------------------------------------------------ DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 460 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21768 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT FIVE (5) IN BLOCK THREE (3) IN
<br />"LAKE DAVIS ACRES SUBDIVISION", GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 46 , 000.00 - 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 case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />on demand, be entitled 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 sliall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises 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 premises and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights!of the mortgagee may be exercised at any time during the existence of such
<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 />payment; pay morithly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, 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 premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon ill the sum of S 46 , 000. 00 payable
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said pre'mises;keep and comply
<br />with all the agreements and conditions of the Bond for S 46 , 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of said ASSOCIATION; then these presents shall become null and void, otherwise they
<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'thiee months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become 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 thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said
<br />bond, and any otlter,bond for additional advances, together with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension. charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured 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 security of this mortgage the same. as the funds originally
<br />secured thereby, the total amount�of principal debt not to exceed at any time the original -amount of this mortgage.
<br />Dated this 1St ` day of August J D:, 19 75
<br />Donald W. Johnsoj �� / Carol L. Johnson
<br />I 1. ..1 •
<br />STATE OF NEBRASKA, �t
<br />ss.
<br />COUNTY 1 On this 15th day of August 19 75 , before me,
<br />Or IIALL
<br />/ the undersigned, a Notary Public in and for said County, personally came
<br />Donald W. Johnson and Carol -L-! Johnson, each in his "and her own rigpht and as-sppon�ggee of
<br />each Other, wno are per5onallyknownto
<br />� e �1 al persons whose names are affixed to the above instrument as mortgagor S and they severally
<br />a�kno;wledgod,t% i-nstrumeni to be thei r voluntary act and deed.
<br />41 F2 q�h'ITA S my hand and -Notarial Seal the date aforesaid-
<br />7� NOTcRY My g9 missionexpires . y�/ '� , 1 �0 `
<br />ror,�ant�siori
<br />E%PIR=5 Notary Public
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<br />cph ST 31,1,'
<br />�TF OF hIE�`;���t r
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