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<br />�age' 4.z�,
<br />Jean/Fisher, Register ofTeeds,
<br />0 0 9'7.9 0 Hall County, Nebraska. "1(.,1?0F/t4jeo
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 21,804
<br />KNOW ALL MEN BY THESE PRESENTS: That Jack L. Jensen and Shirley A. Jen sen, eac'h in hi
<br />s and her
<br />,own righi'and as spouse. -of each other,
<br />Mo�tgagor, whether one or more, in conside'ration of the sum of
<br />Nine Thousand Six Hundred and No/100 ------- ----------------------------------------
<br />DOLLARS
<br />loaned to said mortgagor by The liquitable Building and Loan Association of Grand Isla'fid, Nebraska, Mortgagee, upon 96 shares of stock of
<br />said ASSOCIATi ' ON, Certificate No. L 21 2804 ' , do hereby grant, convey a nd mortgage �nto the said ASSOCIATION the4ollowing
<br />!described real �s!ate, situated in Hall County, Nebiaska:
<br />LOT ONE HUNDRED FIFTY—TWO (152) IN.BUENAVISTA
<br />SUBDIVISION, AN ADDITION TOTHE CITY OF GRAND ISLAND,
<br />HALL COUNTY., NEBRASKA.
<br />together with all, the tenements, liereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades; 61inds, 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 agr6ed and does hereby agree that the mortgagor shall and will pay all taxes and assessirients levie'd 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 tile sum of S 9, 600. 00 payable to said 'ASSOCIATION and to deliver to'said
<br />ASgOCIATION the policies for said insurance; and not to commit or permit any waste on.' or about said premises;
<br />in case of 46fault in tile performance of any of tile 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 premise's 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 de§ire 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 necesisary
<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 tile discharge of said'mortgage indebtedness; these rights of the mortgagqe may be exercised at any time during the existence ofsuch
<br />default, irrespect * ive of any temporary waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall. repay said loan oil or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the'suni specifiqd in.the Bond secured hereby as interesV 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 andassessments 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 9 600. 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 />tile maximum legal rate thereon from date of payment.all of which Mortgagor hereby agrees to pay; permit no waste on said premises; keep prid comply
<br />with all the agreements and conditions of the Bond �dr. S 9 , 600. 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 mill and void, otherwise ilicy
<br />shall remain in full force and may be foreclosed at the option of tile said ASSGCIATION 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 Tile Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />furt!icr 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 Tile 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 tile maxill"111111
<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 mottgage.
<br />,,Dated thy 3 d day of September A.D. 1975
<br />I ZI/
<br />,rack L. Jens -9i
<br />li - ___T_
<br />STATE OF NEBRASKA, ss. On'this 3rd day of September
<br />ig 75 beforeme,
<br />COUNT)
<br />lieunder ned, a Notary Public in and for said County, personally cape
<br />Jack L. Jensen and Shirley A. Jensen,.each in this aVher own right and as spouse of each
<br />other, who are personally known to
<br />affixed to the above instrument as mortgagor S
<br />n s whose names are and severally
<br />they
<br />me 1�tti
<br />-�� e '
<br />ac,��,,—��l�dge",'O.t.'b-e,-gdid,iiistr4lipent to be � their voluntary act and deed.
<br />Wit; SS ru hand and Notarial Seal the date aforesaid.
<br />Coiftniks'ilon expires
<br />3-13-2M'% Notary Public
<br />
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