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-Lor 2., cc—
<br />Filed e
<br />0" 0
<br />County, Y0,6rac
<br />-,ka
<br />MORTGAGE
<br />110
<br />MORTGAGE LOAN NO. L 21!,q�o
<br />KNOW ALL MEN BY THE$E PRESENTS: That Jack L. Jensen and Sh i r1e y A. Jensen, each iin��h.is and
<br />her own right and as spouse of each othe r,
<br />Ll�r!gagor, whether one or more, in conside'ration of the sum, of
<br />Six Thousand Four Hundred and No/100 ---------
<br />DOLLARS
<br />loaned to said mortgagor by The Equitable Building and -Loan Associationof Grand Island,! abraska, Mortgagee, upon 64 1 shares of stock of
<br />said ASSOCIATION, Certificate No.:L 21860 do hereby grant, convey and mortgage unto th6 said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />:THE WESTERLY ONE-HALF OF OTS THIRTEEN
<br />.;(13) AND FIFTEEN (15)' IN BLOCK ELEVEN (11)*,
<br />COLLEGE ADDITION TO WEST LAWN, IN -THE CITY OF
<br />J
<br />GRAND ISLAND., HALL COUNTY, NEBRfS.
<br />together with all the tenements, hereditaments and appurtenances thcreunto bclonging� i eluding attached floor coverings, ull window scree4s,
<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 conne.-tion' with said real estate.
<br />And whereas the said mortgagor -,'has agreed and does hereby agree that the mortgagor sliall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon:tliis mortgage and the bond secured thereby before lie same sliall bebome delinquent; io f6rnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 6 400 . 00 iyable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on clip-ibout said premises;
<br />In case of default in the performance of any of the terms and conditions of this mort a e!or the.bond secured hereby, tile mortgagee sliall,
<br />on demand, be entitled to immediate possession of the.mortgaged premises and the mort' a or hereby assigns, transfers arld sets over to the
<br />mortgagee all the rents, revenues and income to be derived from the mortgaged premises du in-, suc time as'the mortgage inde8tedness sliall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may des re, for,the purpose of repairing said premises and renting
<br />the same and collecting the rents, revehues and income, and it may pay out of said income, all �'xpenses of repairing said prq�ses 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 in y b : b exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are up9n the Condition, That if the said Mortgagor sliall repa sai d 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 liefeb as interest and principal on said loan, on or before
<br />I y:
<br />tile Twentieth day of cacti and every. month, until said loan is fully paid; pa� all taxes and asse�sincrits levied against said premises and on this Mortgage
<br />and the Bond secured thereby, beforc.*delinquency; furnish approved insuriince upon. the builoings� thereon in the sum of S 6 400 . 00 . payable
<br />to said ASSOCIATION; repay to said'.ASSOCIATION upon demand all in , oney by it paid 'fdr su�h 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 premise§; keep and comply
<br />with all tile agreements and conditions:of the Bond for S this day given the said Mortgagor to said ASSOCIATION, and comply
<br />with.all the-requirenients of the Constftution and By-LawAfs�PAMCIATION; then th i es j c presents sliall become null and yoid, otherwise they
<br />sliall remain in full force and may be foreclosed at the option of the said ASSOCIATib after failure for three months tb,make ally of said
<br />payments or be three months in arrears in making said monthly payments, or to keep and i c mply with the agreements and conpitions of said Bond;
<br />and Mortgagor ag�ccs 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 sliall, at the option of The Eq�itablc Building and Loan Association of Grand Is an , Tebraska, become. immediately due0d payable without
<br />further notice, and the amount remaining due under said bond, and any other bond f6r any additional advances made theret;nder, sliall, from the
<br />& te of exercise of said option, bear iriterest at tile maximum legal rate, and this mortgage lin y ti ien be foreclosed to satisfy tli6, amount due on said
<br />�ond, and an� other bond for additional advances, together with all sums paid by said The IrE uitable Building and Loan Association of Grand Island,
<br />Neb'raska for insurance, taxes and assessments, and abstracting extension charges, with inte st thereon, from date of paymcht at tile maximum
<br />legal rate.
<br />As provided in tile Bond secured hereby, while this mortgage remains in effect the njortghgee may hereafter advance a&tional 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 a4 the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time tile origina amount of this mortgage.
<br />Ai 19
<br />D57ed if .day of October 75
<br />c L 1,1A'S e n S i r I :A. ensen
<br />STATE OF NEBRASKA, ss. On this 23rd' day of October. I : 9 75 before me"
<br />COUNTY OF HALL
<br />the undersig 1d, tary.Public in and for said County, personally came
<br />ne aN6
<br />Jack L. Jensen and ShirleyhJensen,-each in 'his and her own ri ght w ' ho are personally known to
<br />and as.spouse of each other
<br />me t he-the-identiciiLp_cr5paS__ whose name S affixed to the above instru ent, as mortgagor S andl. they severally
<br />ack owledgeAlle said instWM'Mt 1*6 bb�sottFe'i r voluntary act and deed.
<br />WITNES a. -IN rill Seal the date aforesaid
<br />!Ry hand an 6fa
<br />'_7MY cin7",�*`
<br />*ssio
<br />Cumfilissi P
<br />e
<br />PlOvcmbe� 1_5, 197�
<br />Notary Public
<br />3- 73-2M
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