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MORTGAGE 86-- 100965 See L 21,997
<br />MORTGAGE LOAN NO. - T. 240466 Add' s
<br />KNOW ALL MEN BY TIIF.SE PRESENTS: 'That Terry ,lens Christensen and Susan Marie Christensen, each
<br />in his,and her own right and as spouse of each other,
<br />Mortgagor, whether one or mots, in contidetation of the sum of
<br />Seeman Thouearld F3 Y!' Ha fired and .m /100 - ___ - -- - - - - --- DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraskka, Mortgagee, upon 75 shays of stock of
<br />said ASSOCIATION. Certificate No. L 24,466 . do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in hall County. Nebraska:
<br />Lot Forty -Three (43), in Belmont Addition, an Addition
<br />to the City of Grand Island, Hall County, Nebraska,
<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 />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 $ 7 ,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 said premises;
<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 entitled to immediate possession of the mortgaged premises and thw: mortgagor hereby assigns, transfers and sets over to the
<br />nnortpp pcc 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 modgiVe 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 pay out 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 />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 />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S7, 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 />with all the agreements and conditions of the Bond for S 7, op this stay given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By-Laws h? sa0W2 O(;IATION; then these presents shall become null and void, otherwise they
<br />shall remain in full force and any be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said"
<br />navnwnts or be three munths in arrests in [Waking said monthly payments, or to keep and comply with the agreements and conditions of said Bored;
<br />ind Mortgagor agrees to have a receiver appointed forthwith in such forechosme 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 shall, at the option of The lEquitable Building and loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />fusilier notice, and the amount remaining due under said bad, and any other bond for any additional advances made thereunder, wall, from the
<br />elate of exercise 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 />btnd,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 dale of payment at the maximum
<br />legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or nsccem rs in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />stewed thereby, the tots) amount of principal debt not to exceed at any time the original amount of this mortgage.
<br />Doted t 28th day of February A. n., 19 86
<br />f.
<br />terse IV
<br />an Marie Christensen.
<br />STATE OF NEBRASKA, $ On this 28th day of February
<br />19 86 before rte,
<br />COUNTY OF HAIL
<br />the undersigned, a (votary Public in and
<br />`berry
<br />for said County, personally acne
<br />Jens Christensen arri Susan Marie Christensen, each in his and her. awn right and as
<br />L
<br />spcx a of each other, who
<br />arc personally known to
<br />me to be the identical paarrt s wham names are affixed to the above instrument as mxrtgtgot g
<br />and bl)L y severally
<br />aduwry kdWd the said mviturarnt to be tax!: it wduotary set sod decd.
<br />WITVtaNS may hsrnt anwt histaoial ScAl the date aforesaid.
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