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<br />0 J 9 r,,.v (1 Je Fisher, Register, of Deeds,
<br />MORTGAGE Hall County, Nebraska
<br />MORTGAGE LOAN NO. L 2] - 7R1
<br />KNOW. ALL MEN BY THESE PRESENTS: That Glenn M. Sorensen and -Norma L. So.rensen,each in his and
<br />her own right and as, spouse of. each other, Mortgagor, whether one or more, in consideration of the sum *of
<br />Twenty-two Thousand Eiqht Hundred and No/100-----------------=---------------------DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 228 shares of stock of
<br />said ASSOCIATION,• Certificate No. L '21 ,781 do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate,.situated in Hall County, Nebraska:
<br />A Part of Lot Eighteen (18) of the County Subdivision of Part of the South
<br />Half (5?) of Section Five (5), Township Nine (9) North,.Range Nine (9) West
<br />of the 6th P.M., Hall County., Nebraska,:now in the.Village of Doniphan,
<br />Nebraska, more particularly described as follows: Beginning at the Northwest
<br />corner of Lot Four (4), Bartelt's Subdivision in the Village.of Doniphan,
<br />Nebraska, thence running West a distance of One Hundred Forty -Two (142) Feet
<br />to the Southwest corner of Lot One (1), said Bartelt's Subdivision; thence
<br />running'South on the East line of Church Street in said Village of Doniphan
<br />a•distance of Seventy-five (75) Feet; thence running east.a distance of One
<br />Hundred..Forty-two (142) Feet to the Southwest corner of said Lot -Four (4)
<br />thence runninNorth on the West line of said Lot -Four (4) a distance of
<br />Seventy-five (g.75) Feet to the point'of beginning and containing 0.244 acre
<br />more or -less.
<br />together with all tile', tenements, liereditaments 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 22 , 800.00 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 shall 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 Moitgagor shall 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 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 in the sum of S 22,800.00' 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 premises; keep and comply
<br />with all the agreements and conditions of the Bond for S 22 800.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -Laws of sASSOCIATION; SOCIATION; 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 three 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 other 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 />Z- ated this 20th 3ay of August A. D.,.19 75
<br />Glenn M. Sorensen G Norma L. Sorensen
<br />STATE OF NEBRASKA, ss. On this 20th
<br />COUNTY OF HALL
<br />Glenn M. Sorensen and Norma.L..Sorensen,
<br />day of August
<br />1975 , before me,
<br />the undersigned, a Notary Public in and for said County, personally came
<br />each in his and her own right and as s�oUse of
<br />�v are Pers naliy known to
<br />.e�;,.--E .,�� y
<br />is whose names are affixed to the above instrument as mortgagor S
<br />ac%.dZ v}edge: �tp-s; id i &rument to. be their voluntary act and deed.
<br />AU
<br />NOTARY UTNE my hand and Notarial Seal the date aforesaid.
<br />CC) r�ISS10' f -
<br />EXPIRES
<br />ivl}tCon' fission expires
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<br />and they severally
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