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<br />8H.xM' 100285
<br />
<br />MORTGAGE
<br />
<br />MORTGAGE LOAN NO, L 24,980
<br />
<br />KNOW ALL MEN BY THESE PRESENTS: That Dale W. Jenneman, Sr. and Denea Jenneman, each in his
<br />and her own right, and as spouse of each other,
<br />
<br />l
<br />
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Twenty Five Thousand Five Hundred and no/IOO --------------------------------------DOLLARS
<br />
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 255 shares of stock of
<br />said ASSOCIATION, Certificate No. L 24,980 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in HaIl County, Nebra~.ka:
<br />
<br />The North Forty Five (45) Feet of Lot Six (6), Block One (I), in Heyde's Addition to the
<br />City of Grand Island, Hall County, Nebraska.
<br />
<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 />
<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 25,500.00 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 soid premises;
<br />
<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 entilled 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 payout 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 />
<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 />
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 25,500.00 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 />
<br />with all the agreements and conditions of the Bond for S 25.500.00 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 />
<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 notroe. and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of ~xercise 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 />
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereal'ter 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 />
<br />A, D., 19 88
<br />
<br />Dated this
<br />
<br />day of
<br />
<br />January
<br />
<br />22nd
<br />
<br />ffaoh w~. ..4.A-
<br />,ale \01.., nnema~" ~r.'. '
<br />t-: . )01 \ iJ 0- i,r' J \II v I) .(1 1\.J
<br />Denea Jennema'-;J- .
<br />STATE OF NEBRASKA, l ss.
<br />COUNTY OF HALL ~
<br />
<br />r---
<br />
<br />On this
<br />
<br />22nd
<br />
<br />day of
<br />
<br />January
<br />
<br />19
<br />
<br />88 ,before me.
<br />
<br />L
<br />
<br />Dale W. Jenneman, Sr. and Denea Jenneman,
<br />right, and as spouse of each other
<br />me to be the identical person S whose name, s are affixed to the above instru7S ortgagor s
<br />
<br />acknowledged the said instrument to be their voluntary act and deed. #
<br />WITNESS my hand and Notarial Seal the date aforesaid.
<br />
<br />My Commission expires 9- / 5' ~'YJ/7
<br />J:-IIIM1'f-ltil II..... - ,"L'~___
<br />..7InN.' 10'" ~ / - .
<br />.,r...- ,,- (~
<br />
<br />the undersigned, a Notary Public in and for said County, personally came
<br />
<br />
<br />each in his and her own who are personally known to
<br />
<br />and
<br />
<br />severally
<br />
<br />
<br />(
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