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<br />MORTGAGE 87-- 101243
<br />MORTGAGE LOAN NO, 24,746
<br />KNOW ALL MEN BY THESE PRESENTS: That Darrel l L. Johnson and Linda K. Johnson, each in his and
<br />own right and as spouse of each other, Mortgagor, whether one or mom, in causidentiou of the scam of - - -
<br />'Twenty ' msand and no /100------------------- ---- -- - --- — — -- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 700 shams of rtoelc of
<br />said ASSOCIATION, Certificate No. L 24,746 do hereby grant, con9ey and mortgage unto the said ASSOCIATION the foNswing
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot 'lWenty (20), Capital Heights Fifth Subdivision, being a part of the
<br />Southwest Quarter (SW's) of Section Two (2), Township Eleven (11) North,
<br />Range 'T'en (10) , Wes*_ of the 5th P.M., Nall (bunty, Nebraska,
<br />together with all the tenements, hereditaments and appu. ienances thereunto bed mamtg, including attached floor coverings, all Whitlow sceeas, -
<br />window shades, blinds, storm windows, awnings, heating, air conditioning_ and plumbs* and water equipment ad accessories thereto, pumps, slow%,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to of used at connection with said real estate.
<br />And whereas the said mortgagor has agreed and dates hercbv 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 saute shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 20, 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 the performance of any of the terrra and conditions of this mortgage or the bond seemed hereby the mortga gne 0 us.
<br />on demand, be entitled to immediate possession of the mortgaged pretnaes and the wortga hereby assigns. transftrs and sets over to the
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<br />mortgagee zU the rents, revenues and income to be derived from the mortgaged premtsa dttrittg such time as the tttortgoge indebtedness sill remade - -
<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 tents, revenues and income, and it may pay out , if said ukvnw an expenses of repairing aid premises and e Y commissions and expen= incurred in renting and r magin; the same and cif collecting rentals therefrom: the balaaas>c rernaiomg, if gay, to be
<br />applied toward thx discharge of said mortgage indebtedness: these rights of the traxtgaga may be exercised :t any time during the es�a¢ of such
<br />default, irrespective of any temporary waiter of the same. -
<br />Thew Presents, however, are upon the Condition.. That if Lhe said Mortgagor shalt repay said loan on or before t he manrity to said sSare by
<br />payment: pay monthly to said ASSOCIATION of the sum specified in the &4W ,secured hereby as interest and principal on said loam, on or before -
<br />the Twentieth day of each and every month, until said loan is fuliv paid. pay ail taxes and assessrxats levied against said premises and on this Mortgage -
<br />and the Fond secured thereby, before delinquency: furnish approved " warsce upon the buildings thereon is the sire of S 20, 000. (o payable -.
<br />to said ASSOCIATION: repay to said ASSOCIATION upon demand ail moray by it paid for such taxes. assessmems and insurance with intermit
<br />the maximum legal rate thereon from date of payment allot which Mongagar hereby agrees to pay; permit no waste on said ptemives;.keep and coaegsiy
<br />with all the agreements and conditions of the Bond forT%n, 000.00 this ;lay given by the said Mortgagor to said ASSOCIATION, and comply-
<br />with all the requirements of the Constitution and fly -Laws of said ASSOCIATION, then these presents shall become mill and void, otherwise they -
<br />shall remain it.. full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to mate any of said
<br />Payments or be three months in arrears in shaking said montlily payments, or to keep and comply with the agreements and conditions of said Boad-
<br />and Mortgagor gees to have a receiver appointed forthwith in such foreckasure piotxedi»rs. -
<br />if them is any change in ownership of the real estate mortgaged herein, by sale or otherwsee. then the entire remaining imdehied im hereby
<br />secured shall, at the option of The Equitable Building and Loan Association ofl t Itkt€ud,Nebraska, become irnnvedoa.ny aM._ —_�•
<br />further notice, and the ansount ren,aini.o A_ , e_ —_s ._ p.7nrswiihom
<br />rd, emu any other bond for any additional advances made thetetmder, shag, fimm the
<br />daic of exercise of said option, bear interest at the maximum legal rate, and this mortgage unsay then be foreclosed to satisfy the amount due an said
<br />bond, and any other bond for additional advances, together with all sloes paid by said The Equitable Btridang and Loan Aaociabon of Grand Island,
<br />Nebraska for wan ance, taxes and assesmilents, and abstracting extension charges, with interest thereon_ from daft of payment at the rm>it�
<br />legal rate.
<br />As provided in the Bond secured hereby. while this mortgage rename u a ?Tech the mortgagee may hereafter advance addiGtml snips to ft
<br />makers of said Bond, their assigns or successors in interest, which sums shall he within the security of this mortgage the same as the funds originally
<br />secured t heereby, thheeJ total amount of principal debt not to exceed at anv tone the original amount of this mortgages
<br />this I1, l y of j ' � March A. D , 19 87
<br />Linda K. JohzWm
<br />STATE OF NEBRASKA,
<br />COUNTY OF HALL � On this 2nd day of March 19 R7 , before W.
<br />Darrell L. Johnson and Linda Y_ Johnson, Pach �in hiisgand� Notary Public in and her cam rW�r anti as County, pouse of
<br />each ether,
<br />are personally known to
<br />me to he the iderlruah person `' whose name S art, affixed w tree above mstrt n*n s mongagot G and th?y
<br />acittuhwkdged thx stud instrument lobe their voluntary act and deed J �h ray -
<br />WITNFSS my hand and Nr+tarial Seal the date aivresarl
<br />My1'ommrsaun expires No** �M�� i JALIL Nrk In Ml �— "= %,tl
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