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MORTGAGE
<br />W— 101115 See L 23,305
<br />- — - - MORTGAGE LOAN NO. L 24,469 Adad r l .
<br />1
<br />KNOW ALL MEN BY THESE PRESENTS- That Xane A. Johnson and Dee A. Johnson, each in his and her
<br />own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the num of
<br />r j,ah ThCIMAnrl FiNe Harndrrxl arxi yQ4100 --- - - "'BOLL.4 S
<br />kwAd to said mortgago by The FAWshie Building and Loan Association of Grand Island, Nebraska, Mortgagee. upon 85 shssux of stock of
<br />acid ASSOCIATION, Certificate No. L 24,469 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />desail" mal estate, situated in Hall County. Nebraska:
<br />Lot Eight (E), Kentish Hills Subdivision, 1ccated in the
<br />South Half of the Northwest Quarter of the Southwest Quarter
<br />(Sh, NW's SWk) of Section Tmenty -Five (25) , `township Eleven (11)
<br />North, Range 'Ion (10) West of the 6th P.M., Hall county,
<br />Nebraska,
<br />together with all the tenements, hereditaments and appurtenances thercunto belonging, including attached floor coverings, all window saxes,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto. p amps, stoves,
<br />refrigenaton, and other fixtures and equ*awnt now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mart has agreed and does hereby agree that the mortgagor shall and will all taxes and assessments levied or
<br />� � r � � I�r
<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 8, 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 />la came 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 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 repaising said premises and crating
<br />the same and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said preawes 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, irespective of any temporary waiver of the same.
<br />These Presents, however. are upon the Condition, That if the said Mortgagor shall repay said ban 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 boa, 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 seamed thereby, before delinquency; furnisim approved insurance upon the buildings thereon in the sum of S 81500.00 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 $8,500.00 this day given by the said Mortgagor to said ASSOCIATION, and comply .
<br />with all rte requirements of the Constitution and By -taws of said ASSOCIATION. then these presents shall become null and void, otherwise they
<br />stall 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 />If there is any change in ownership of the real estate mortgaged herein, by ask or otherwise, then the entire remabift 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 notice, and the amount retmirfing due under said bond, and any other frond for any additional advances made thereunder, soon, from the
<br />date 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 />bond, and any other bond for additional advances, together with all sums paid by said The Equitable Budding and Loan Association of Grand Island,
<br />Nebraska for insurma, taxes and aneumenu, and abstrwting extension charges, with interest thereon, from date of payment at the maximum
<br />Iftal raw-
<br />gage remains in effect the mortgagee may hereafter advance additional sutns to the
<br />As provided in the Bond secured hereby, while this mort
<br />makers of said Bond, their atagars or successors in interest, which sums slue be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt of to exceed at any time the original amount of this mortgage.
<br />Dated this Mh day of February A. D., 19 86
<br />Jt �rC J A �
<br />STATE OF NEBRASKA, t ss On this 27th&y of February 19 86 , before am,
<br />COUNTY OF FIALL Ff
<br />the undersigned, a Notary Public in and for said County, personally carne
<br />L Duane A. Jcdlnson and Dee A. Johnson, each in his and her own right ar as are spouse off to
<br />ether,
<br />me to be the identical person s ^ce g ,� affixed to the shorn instrument as mortgagorg and they severalty
<br />a
<br />acknwwladrd the wA roar sipl �li voluntary act and deed.
<br />IWWl �.r'eaf the date aforesaid.
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