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<br />MORTGAGE
<br />L
<br />MORTGAGE LOAN NO.
<br />KNOW ALL MEN BY THESE PRESENTS: That Jack L. Jensen and
<br />5h He ensen, each' in'his and
<br />her own right and as' spouse of each other,
<br />Mo,� gago�i,� wllether� one or more, in conside'ration of the sum of
<br />'Ten Thousand Four Hundred and No/100 -------------- .� 11 �
<br />----------- DOLLARS
<br />:4
<br />loa*ned to said mortgagor by The Equitable Building and Loan Association of Grand Island Nebraska, �Iortgagee, upon 104 --
<br />shares of stock of
<br />said ASSOCIATION, Certificate�No. L 21892 do hereby grant, convey a id mortg 9 unto the said ASSOCIATION the following
<br />described real estate, situated in�llall County, Nebraska:
<br />LOT FOUR (4) IN BLOCK THIRTI SIX 36�
<br />::IN RUSSEL WHEELER'S ADDITION TO T1E:6Ty11OF GRAND
<br />JSLAND, HALL.COUNTY, NEBRASKA.
<br />together with all the tencnients,�hercditanlcnts and appurtenances tli&reurito belon I includit g attaclied floor coverings, all window screens,
<br />window shades, blinds; storm windows, awnings, lieating, air conditionin' , and plumbing a 1 1. �
<br />9 _� id wa,ter equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in con lection %% ith said real estate.
<br />And whereas *the said mortgagqr has agreed and does hereby agree'that the mortgaIC sliall and will 'pay all taxes and,assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby befoeb tli6 sar�e shall become delinquent:, tofurnish approved
<br />insurance upon the buildings on s�id.premiscs situated in the surn of S 10 400. 00 payiible tc said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on ( r about sat prenuses;
<br />In case of default in the performance of any of the terms and conditions of this in � rtgagd oi the bond secured herebyj the inortgagee sliall,
<br />oil demand, be entitled to immediate possession of the mortgaged premises and the in rtgag6r iiereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues �nd income to be derived from the mortgaged premises C uring sud , li iiiiie as'the mortgage inde I bt - edness sliall remain
<br />.unpaid; and the nio ' rtgagee sliall li#e �the power to appoint any agent or agents it may des re for� the' Impose of repairing said �premises and renting
<br />the same and collecting the rents, revenues and income, and it may pay out of said incon all expenses! of iepairing said prbmis'es and necessary
<br />commissions and expenses incurred in renting and managing the same aiid of collecting Xentals tilerefrom; the balance remaining, if all),, to be
<br />applied toward the discharge of said inortgage indebtedness; these rights of the mortgagee rnay�be cxc'rci�bd atlany time duringithe"existence of such
<br />default, irrespective of any temporilrk waiver of the same.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor sliall re ay s�a I! d
<br />lo n on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the surn specified in the Bond secured icreby as interest and principal on said loan, on or before
<br />tile Twentieth day of each and eve�y nionth, until said loan is fully paid; li�y all taxes an a essrue'rits lelvied against said premises and'on this Mortga�e
<br />.and the Bond secured thereby, before delinquency; furnish approved insurance upon the bL M6 th 2re'on in the surn of S 10 !400 . 00 . ixtyable
<br />to said ASSOCIATION; repay to �aid ASSOCIATION upon demand all money by it paid ::or such ax�es,lasscssments and inswane"e with.interest at
<br />the maximum legal rate thercon frbm- date of payment all of which Mortpigor hereby agree. to p�,y; p rinit no waste on said preiiiises;kcep and comply
<br />with all the agreements and condition's of the Bond for S 10 4 00 . 00 this day given' b% the said Nlortgagor� to said ASSOCIATION, and comply
<br />with all the requirements of the C6nstitution and By -Laws of said ASSOCIATION; then ti se preselits sliall become mill and'v�'oid, otherwise they
<br />sliall remain in full force and may be foreclosed at the option of the said ASSOCIATI(I N after faillire 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 ii I viih tile agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a rece'iv�r appointed forthwith in such foreclosure proceeding
<br />coulp,y
<br />If there is 'any change in ownership of the real estate inort.-aged herein, by sale or ojiler-N%ise, tlien the' entire remaining' indebtedness hereby
<br />secured sliall, at the option of The! Equitable Building and Loan Association of Grand lslan.1,Ncbrasl:albeconic�imniediatel�, due and payable without
<br />further notice, and the amount r�rriainiiig due under said bond, and any other bond fo any: a , ddi ti6nal advances made thereunder, sliall, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, a*nd this mortgage inay tlier� b�e foreclosed to - satisfy:the amount due oil said
<br />bond, and any other bond for additio;al advances, together with all sums paid by said The -quitable Building and Loan Associa�tiori of Grand Island,
<br />Nebraska for insurance, taxes and'assessments, and abstracting extcnsion:cliarges, 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 tile nio'rtg,ab, C li�ereafter advance additional sunis to the
<br />tj I
<br />makers of said Bond, their assigns br 'successors in interest, which surns sliall be within ic ecudfy of 'this mortgage the same as the funds originally
<br />secured thereby, the total amount:of principal debt not to exceed at anylime the original mount 4 this n'iort
<br />_�age.
<br />D�ftcd tlil�, th-, day of
<br />November A D., 19 75
<br />A/1
<br />L/
<br />c� L. 'Jense
<br />/w' S h i ey Aj Oehsen
<br />STATE OF NEBRASKA,
<br />ss. Oil this 28th day of Nlovemberl 1� 5 before me,
<br />COUNTY OF HALL
<br />li� undearsNae k, a No'ta PubIj u*iand for said Count Eerson ly came -
<br />'Jack L. Jensen and Shirley A. Jensen, each int is er o n rilgh.t. and' as spRu e ov
<br />each other, personally known to
<br />who are
<br />me to be the identical person S whosq,!tial,6' ffixbd to the above inst iment as mortga rS and severally
<br />e s., are a,
<br />they
<br />�cknowledged the said instrument to iie volunthq`a6t�aa'd deed.
<br />�A
<br />WITNESS my hand and �'otarial Seal.th6 date afo'iesaid' go
<br />r
<br />My Commission expires e -
<br />Notary Public
<br />3-73-2M
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