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<br />RERECORDED 87 101487
<br />MORTGAGE 87-101243
<br />MORTGAGE LOAN NO. 1 24,746
<br />KNOW ALL MEN By THESE PRESENTS: That Darrel t L. Johnson and Linda K. Johnsori, each in his and
<br />owes right and as spouse of each other, Mortflagot, whether one or mote, in consideration of the sum of
<br />- went;;y Thousand and Ito /100--------- -- - - -- ~- - ~ -- -- -DOLLARS
<br />kssned to said mortgagor by The Equitable Building and Loan Association of Grand Island; Nebraska, Mortg We, upon 200 shoes of genet of
<br />said ASSOCIATION, Certificate No_ L 24,746 do hereby grant, convey and mortme unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot 'twenty (20), Capital Heights Fifth Subdivision, being a part of the
<br />southwest_ Quarter (SWh) of Section `Two (2), Township Fle•-ren (11) North,
<br />Range Ten (10) Wes*_ of the 6th P.M., Hall County, Nebraska,
<br />togefhm with all the ernements, hereditaments and appu[tenances thereunto, belonging, including attached floor coverings, all window saee>s,
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<br />window shades, blinds, storm windows. awnings, healing, air amdttrofung,and plumbing and water equipment and accessories thereto. pumpa stows,
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<br />- refrigerators, and other fixtures and equipment rho.. or hereafter attached to or used in connection with said real estate. -
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<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
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<br />assessed upon said premises and upon this mortgage and the bond secuzrc: thherebv before the same shall become delinquent; to furnish approved
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<br />mmiance upon the buildings on said premises situated in the sum Yt S zn, 600.00 payable to said ASSOCIATION and to deliver to said
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<br />ASSOCIATION the policies far said insurance. and not in comma or permit a_r--y waste on or about said premises:
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<br />in case of default in the performance C•'t any iYi the .efns and Candrtaxu at tfm5 mortygt of the [Jared SrCnnrel hereby, the tngttgagLe slid,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns. transfers and sets over to the
<br />mortgaax all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shah remain
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<br />unpaid; and the mortgagee shall have the power to appoint any agent t r agents it ray, desire for the purpose of repairing said premises and rte
<br />the Same and collecting the rents, revenues and income, and it may pav out of card Income all expenses of repairing said premises and itevesmy
<br />commissions and expenses incurred in renting and managing the same and of odlecting rentals therefrom; the balance rest , if any, to be
<br />applied toward the discharge of said mortgage indebtedness these tmhts of the txYtgagee nay be exercised at any time during the existmor of such
<br />default, irrespective of env temporary waiver of the same.
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<br />These Presents, however, are upon the Condnnin, That :f the said Mortgagor shall repay said loan on or before the maturity of said an by
<br />payment; pay monthly to said ASSOCIATION of the win spee[fwd an the Bond secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, cmtii eaud loan is f ull} paid: pa,, ili taxes sad mwssme nis levied against said premises and on this Mortgage
<br />- and the Bond secured thereby, before delinquency - furnish approved insurance upon the buildings thereon in the sum of S 20, non. 00 payable
<br />to said ASSOCIATION: repay to mid ASSOCIATION upon demand all nwwv Thy it pan! for such taxes, assessments and insurance with interest at
<br />the maximum legal rate thereon from date of payment all of whr,+ Mortgagor hereby agees to pav; permit no waste on said prm[iser keep and comply
<br />with all the agreements and conditions of the Bond for s 2n, nf;n .'her this day green by the said Mortgagor to said ASSOCIATION, and comply
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<br />with all the requirements of the Constitution and By Laws of said ASSOCIATION: then these }resents shall become null and void, otherwise they
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<br />shall remain in full force and may be foreckne -d at the option of the said ASSOCIATION after failure for three monttu to true any of said
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<br />- payments or be three months in attests in snaking sari tuna h-1, fai meets. or to Peep and orienoy with the agreements and txiadiiioms o €sin Bond -
<br />a[hd Mortgagor ogees to haw a [CGerket apprrIItrd aortbW.£f[ _.^, ttx'lt f ue;:,:sGtr piL YTE:Ri.
<br />If there is any change in ownership of the real estate mortgaged berm, by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured sh.d, at the option of The Equitable Building and LAan . Asooctation of Grand Idand.Nebradta.become immediately due and payable without
<br />further notice, and the amount remaining due under sail florid, and any other bond for any additional advances bade ihetemhder. shad, from the
<br />date of exercise c f said option, bear interest at the maximum kyzl rate, and this m ortgap may then be fotcdowd to satisfy the amo mt due on said _
<br />- bond, ad any other bond for additional advances. together with all sums paid her stied The Equitable Budding and Lxwm Association of Grand Wood,
<br />Nebra&a for imu:arue, taxes and assesmirats, and abstracting extension c hpiges, wan interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As provided in the Hood secured hereby. *Role this mortgage remains in effect the mortgagee may hereafter advance alditioms Arms to the
<br />makers of said Bond. then ass ns or siscom pis in ustrrrst_ which virus shall he within the security of this mortgage the same as the funds originally
<br />armed thereby. the total Amount of principal debt nor to exceed at any time the original amount of this mortgage.
<br />/"�ted this ra y' day of March A. D, 19 f?�
<br />I i�
<br />l _ II _t� -
<br />ViX
<br />rre f . o
<br />dffi
<br />Linda K. Joh
<br />STATE OF NEBRASKA,
<br />is On this 2rld day of March 19 A'7
<br />COt .before its,
<br />1NTY OF HALL.
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<br />the undersigned a Notary Public in and for said Country. personally came
<br />Darret i L. Johnson and in
<br />Linda K. Johnson, each in his and her cram right anri as spouse of
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<br />oach other, who
<br />aria perwn�ly known to
<br />me Io be 1!r identical perso[i -`' r'how anti S art' afis?ed z.. tlwr above insmr s mortgogor S and thPV rev -W
<br />aduurwkdgad the urif instrument to he thud r t ilunzary act and deed ; " - -�{ o,7
<br />%1TNk4S my hand and Wtaruhl Seal the date �foreutd l
<br />00 ag nM of�
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