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<br />_00980f Filed,forrecor :,2s at
<br />.0f - Je V isher, Regist-er of Deddsv,.
<br />MORTGAGE Hall County, Nebraska
<br />MORTGAGE LOAN NO. - L �.j Fm
<br />arold R.- Janzen and Darline R. Janzen, eac'h in his and'
<br />KNOW ALL MEN BY THESE PRESENTS: That
<br />her'own'iight and as spouse of eachother, Mortgagor, whet
<br />her one or more, in consideration of the sum of
<br />.Fifty-nine Thousand and No/lO0__.: --------------------------------- -------- ---------- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 590 shares of stock- of
<br />said ASSOCIATION, Certificate No. L 21832 do hereby grant, convey and. mortgage unto the said ASSOCIATION the following
<br />described real 'estate, situated in Hall County, Nebraska:
<br />ALL OF LOTS THREE (3) AND FOUR (4) OF
<br />BLOCK TWO (2) IN PACKER AND BARR'S ADDITION
<br />TO THE CITY OF GRAND ISLAND, NEBRASKA
<br />-EXCEPTING THEREFROM A TRACT OF LAND DEEDED:
<br />TO THE CITY OF GRAND ISLAND A MUNICIPAL'
<br />CORPORATION MORE PARTICULARLY DESCRIBED IN
<br />WARRANTY DEED RECORDED IN BOOK T58 PAGE 549
<br />AS RECORDE ' D,IN THE OFFICE OF THE REGISTER
<br />OF DEEDS OF HALL COUNTY, NEBRASKA SHOWN AT.
<br />ENTRY 14t 24 OF THIS ABSTRACT.
<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 ihc 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 tile 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 59 , 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 tile performance of any of the terms and conditions of this mort- . age 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 tile power to appoint any agent or agents it may desire for tile 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 tile 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 ofwch
<br />default, irrespective of any temporary waiver of tile 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 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 insilrance upon the buildings thereon in the sum of S 5 9 , 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 premises; keep and comply
<br />with all the agreements and conditions of the Bond for s 5 9 , 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 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 her eby
<br />secured shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />furt' ler notice, and tile 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 />�ond, 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 insurancic, taxes and assessments, and abstracting extension charges, with -interest: thercon, from date of payment. at the maximum
<br />legal rate.
<br />As provided in file Bond secured hereby, while this mortgage remains in effect tile 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 se&utity 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 />�Dat -d tl day of September -A. D.-, 19 75
<br />�d 111
<br />0,
<br />'4
<br />Harold R. Janze�(j Darlinb R..Janzen
<br />STATE OF NEBRASKA, ss. On this 17th dayof September ig 75 beforeme,
<br />COUNTY OF HALL
<br />the under n d, a Notary Public in and for said County, personally came
<br />Janz I en and Darline R. Janzen, each in his sig I
<br />Harold R. and her own right and as spouse of
<br />each other'. who are personally known to
<br />me to be the identical i person S whose names are affixed to the above instrument as mortgagor S �and thpy, severally
<br />acknowledged the s.aid instrument to be their voluntary act and deed.
<br />and Notarial Seal the date aforesaid.
<br />N�A 'AnWssig.`,,� "Ires
<br />y eo
<br />ENERAL NOTA Y
<br />Stz�te ot Nebraska 7
<br />Notary Public
<br />my Commission Expires
<br />November 12, 1975
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